COPASS: what changed
Two fiscal 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.
COPASS
Largest movements
- Receivables after one year +€50,972
up €50,972 (+43.5%), from €117,308 to €168,280
- Cash +€45,905
up €45,905 (+39.6%), from €115,823 to €161,728
mainly Net result for the year (+€70,726) and Receivables within one year (+€32,209)
- Receivables within one year -€32,209
no longer reported in 2025 (was €32,209)
- Reserves +€44,500
up €44,500 (+21.5%), from €207,389 to €251,889
of which Distributable reserves: +€44,500
- Other debts +€19,700
up €19,700 (+339.7%), from €5,800 to €25,500
- Tax, wage and social debts +€3,973
up €3,973 (+30.6%), from €12,984 to €16,957
of which Taxes: +€2,492
- Gross operating margin +€37,943
up €37,943 (+29.2%), from €129,794 to €167,738
- Staff costs +€15,974
up €15,974 (+38.3%), from €41,746 to €57,720
- Taxes +€6,708
up €6,708 (+26.9%), from €24,908 to €31,616
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,187 | €359,606 | +€65,419 | +22.2% |
| Fixed assets | 21/28 | €28,603 | €29,598 | +€995 | +3.5% |
| Tangible fixed assets | 22/27 | €28,603 | €29,598 | +€995 | +3.5% |
| Land and buildings | 22 | €10,187 | €14,127 | +€3,939 | +38.7% |
| Furniture and vehicles | 24 | €3,850 | €2,531 | -€1,320 | -34.3% |
| Other tangible fixed assets | 26 | €14,566 | €12,941 | -€1,625 | -11.2% |
| Current assets | 29/58 | €265,584 | €330,008 | +€64,424 | +24.3% |
| Amounts receivable after more than one year | 29 | €117,308 | €168,280 | +€50,972 | +43.5% |
| Other amounts receivable | 291 | €117,308 | €168,280 | +€50,972 | +43.5% |
| Amounts receivable within one year | 40/41 | €32,209 | - | -€32,209 | |
| Other amounts receivable | 41 | €32,209 | - | -€32,209 | |
| Cash at bank and in hand | 54/58 | €115,823 | €161,728 | +€45,905 | +39.6% |
| Deferred charges and accrued income | 490/1 | €244 | - | -€244 | |
| Total equity and liabilities | 10/49 | €294,187 | €359,606 | +€65,419 | +22.2% |
| Equity | 10/15 | €263,164 | €308,390 | +€45,226 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €207,389 | €251,889 | +€44,500 | +21.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,029 | €2,029 | = | 0.0% |
| Distributable reserves | 133 | €203,500 | €248,000 | +€44,500 | +21.9% |
| Profit (loss) carried forward | 14 | €49,575 | €50,301 | +€726 | +1.5% |
| Amounts payable | 17/49 | €31,023 | €51,216 | +€20,193 | +65.1% |
| Amounts payable after more than one year | 17 | €2,651 | - | -€2,651 | |
| Financial debts | 170/4 | €2,651 | - | -€2,651 | |
| Amounts payable within one year | 42/48 | €28,372 | €51,216 | +€22,844 | +80.5% |
| Current portion of amounts payable after more than one year | 42 | €5,252 | €2,651 | -€2,602 | -49.5% |
| Trade debts | 44 | €4,336 | €6,108 | +€1,773 | +40.9% |
| Suppliers | 440/4 | €4,336 | €6,108 | +€1,773 | +40.9% |
| Taxes, remuneration and social security | 45 | €12,984 | €16,957 | +€3,973 | +30.6% |
| Taxes | 450/3 | €8,296 | €10,789 | +€2,492 | +30.0% |
| Remuneration and social security | 454/9 | €4,688 | €6,168 | +€1,480 | +31.6% |
| Other amounts payable | 47/48 | €5,800 | €25,500 | +€19,700 | +339.7% |
| Remuneration, social security and pensions | 62 | €41,746 | €57,720 | +€15,974 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,121 | €8,682 | +€561 | +6.9% |
| Other operating charges | 640/8 | €1,978 | €2,664 | +€686 | +34.7% |
| Gross operating margin | 9900 | €129,794 | €167,738 | +€37,943 | +29.2% |
| Operating profit (loss) | 9901 | €77,949 | €98,671 | +€20,722 | +26.6% |
| Financial income | 75/76B | €3,202 | €4,005 | +€803 | +25.1% |
| Recurring financial income | 75 | €3,202 | €4,005 | +€803 | +25.1% |
| Financial charges | 65/66B | €398 | €334 | -€64 | -16.1% |
| Recurring financial charges | 65 | €398 | €334 | -€64 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €80,753 | €102,342 | +€21,589 | +26.7% |
| Income taxes | 67/77 | €24,908 | €31,616 | +€6,708 | +26.9% |
| Profit (loss) for the period | 9904 | €55,845 | €70,726 | +€14,881 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,845 | €70,726 | +€14,881 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.