COPARY: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
COPARY
Largest movements
- Receivables after one year -€64,000
down €64,000 (-100.0%), from €64,000 to €0
- Receivables within one year -€31,955
down €31,955 (-92.8%), from €34,449 to €2,493
of which Trade receivables: -€32,634
- Cash -€25,573
down €25,573 (-83.7%), from €30,567 to €4,994
mainly Other debts (-€60,313) and Contributions, distributions and other (-€32,000)
- Tangible fixed assets -€2,351
down €2,351 (-14.1%), from €16,642 to €14,291
of which Other tangible fixed assets: -€1,919
- Other debts -€60,313
down €60,313 (-98.6%), from €61,176 to €864
- Reserves -€40,572
down €40,572 (-68.6%), from €59,180 to €18,608
- Tax, wage and social debts -€23,305
down €23,305 (-99.3%), from €23,472 to €167
of which Taxes: -€22,547
- Trade debts -€2,447
down €2,447 (-75.3%), from €3,247 to €801
- Accrued charges and deferred income +€1,476
up €1,476 (+6277.6%), from €24 to €1,500
- Gross operating margin -€63,614
down €63,614, from €57,184 to -€6,429
- Taxes -€10,181
down €10,181 (-98.6%), from €10,323 to €142
- Staff costs -€9,711
down €9,711 (-100.0%), from €9,711 to €0
- Financial income -€2,009
down €2,009 (-57.1%), from €3,520 to €1,510
- Depreciation -€1,181
down €1,181 (-33.4%), from €3,532 to €2,351
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,599 | €22,439 | -€125,160 | -84.8% |
| Fixed assets | 21/28 | €16,642 | €14,291 | -€2,351 | -14.1% |
| Tangible fixed assets | 22/27 | €16,642 | €14,291 | -€2,351 | -14.1% |
| Furniture and vehicles | 24 | €774 | €342 | -€432 | -55.8% |
| Other tangible fixed assets | 26 | €15,868 | €13,949 | -€1,919 | -12.1% |
| Current assets | 29/58 | €130,957 | €8,148 | -€122,809 | -93.8% |
| Amounts receivable after more than one year | 29 | €64,000 | €0 | -€64,000 | -100.0% |
| Other amounts receivable | 291 | €64,000 | €0 | -€64,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €34,449 | €2,493 | -€31,955 | -92.8% |
| Trade receivables | 40 | €34,449 | €1,815 | -€32,634 | -94.7% |
| Other amounts receivable | 41 | - | €678 | +€678 | |
| Cash at bank and in hand | 54/58 | €30,567 | €4,994 | -€25,573 | -83.7% |
| Deferred charges and accrued income | 490/1 | €1,941 | €661 | -€1,280 | -65.9% |
| Total equity and liabilities | 10/49 | €147,599 | €22,439 | -€125,160 | -84.8% |
| Equity | 10/15 | €59,680 | €19,108 | -€40,572 | -68.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €59,180 | €18,608 | -€40,572 | -68.6% |
| Distributable reserves | 133 | €59,180 | €18,608 | -€40,572 | -68.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,919 | €3,331 | -€84,588 | -96.2% |
| Amounts payable within one year | 42/48 | €87,896 | €1,831 | -€86,064 | -97.9% |
| Trade debts | 44 | €3,247 | €801 | -€2,447 | -75.3% |
| Suppliers | 440/4 | €3,247 | €801 | -€2,447 | -75.3% |
| Taxes, remuneration and social security | 45 | €23,472 | €167 | -€23,305 | -99.3% |
| Taxes | 450/3 | €22,714 | €167 | -€22,547 | -99.3% |
| Remuneration and social security | 454/9 | €758 | €0 | -€758 | -100.0% |
| Other amounts payable | 47/48 | €61,176 | €864 | -€60,313 | -98.6% |
| Accrued charges and deferred income | 492/3 | €24 | €1,500 | +€1,476 | +6277.6% |
| Remuneration, social security and pensions | 62 | €9,711 | €0 | -€9,711 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,532 | €2,351 | -€1,181 | -33.4% |
| Other operating charges | 640/8 | €902 | €1,080 | +€178 | +19.7% |
| Gross operating margin | 9900 | €57,184 | -€6,429 | -€63,614 | |
| Operating profit (loss) | 9901 | €43,039 | -€9,860 | -€52,899 | |
| Financial income | 75/76B | €3,520 | €1,510 | -€2,009 | -57.1% |
| Recurring financial income | 75 | €3,520 | €1,510 | -€2,009 | -57.1% |
| Financial charges | 65/66B | €170 | €80 | -€90 | -52.9% |
| Recurring financial charges | 65 | €170 | €80 | -€90 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €46,388 | -€8,430 | -€54,819 | |
| Income taxes | 67/77 | €10,323 | €142 | -€10,181 | -98.6% |
| Profit (loss) for the period | 9904 | €36,066 | -€8,572 | -€44,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,066 | -€8,572 | -€44,638 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.