COPAT: 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.
COPAT
Largest movements
- Tangible fixed assets -€81,623
down €81,623 (-73.6%), from €110,886 to €29,263
of which Land and buildings: -€82,059
- Cash +€50,267
up €50,267 (+3888.9%), from €1,293 to €51,560
mainly Investment in fixed assets (net) (+€79,189) and Other debts (+€7,527)
- Debts after one year -€19,665
no longer reported in 2025 (was €19,665)
- Current portion of long-term debt -€8,563
no longer reported in 2025 (was €8,563)
- Profit (loss) carried forward -€8,433
down €8,433 (-16.1%), from €52,313 to €43,880
- Other debts +€7,527
up €7,527 (+39.0%), from €19,324 to €26,852
- Trade debts -€2,222
down €2,222 (-52.2%), from €4,253 to €2,032
- Gross operating margin -€11,738
down €11,738, from €9,031 to -€2,707
- Depreciation -€4,759
down €4,759 (-66.2%), from €7,193 to €2,434
- Financial charges +€1,347
up €1,347 (+83.4%), from €1,615 to €2,962
- Financial income +€1,003
new in 2025: €1,003
of which Non-recurring financial income: +€1,001
- Other operating charges -€450
down €450 (-25.2%), from €1,783 to €1,333
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 | €112,179 | €80,823 | -€31,356 | -28.0% |
| Fixed assets | 21/28 | €110,886 | €29,263 | -€81,623 | -73.6% |
| Tangible fixed assets | 22/27 | €110,886 | €29,263 | -€81,623 | -73.6% |
| Land and buildings | 22 | €110,886 | €28,828 | -€82,059 | -74.0% |
| Furniture and vehicles | 24 | - | €436 | +€436 | |
| Current assets | 29/58 | €1,293 | €51,560 | +€50,267 | +3888.9% |
| Cash at bank and in hand | 54/58 | €1,293 | €51,560 | +€50,267 | +3888.9% |
| Total equity and liabilities | 10/49 | €112,179 | €80,823 | -€31,356 | -28.0% |
| Equity | 10/15 | €60,373 | €51,940 | -€8,433 | -14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,313 | €43,880 | -€8,433 | -16.1% |
| Amounts payable | 17/49 | €51,806 | €28,883 | -€22,923 | -44.2% |
| Amounts payable after more than one year | 17 | €19,665 | - | -€19,665 | |
| Financial debts | 170/4 | €19,665 | - | -€19,665 | |
| Amounts payable within one year | 42/48 | €32,141 | €28,883 | -€3,257 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €8,563 | - | -€8,563 | |
| Trade debts | 44 | €4,253 | €2,032 | -€2,222 | -52.2% |
| Suppliers | 440/4 | €4,253 | €2,032 | -€2,222 | -52.2% |
| Other amounts payable | 47/48 | €19,324 | €26,852 | +€7,527 | +39.0% |
| Non-recurring operating income | 76A | - | €253 | +€253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,193 | €2,434 | -€4,759 | -66.2% |
| Other operating charges | 640/8 | €1,783 | €1,333 | -€450 | -25.2% |
| Gross operating margin | 9900 | €9,031 | -€2,707 | -€11,738 | |
| Operating profit (loss) | 9901 | €55 | -€6,475 | -€6,529 | |
| Financial income | 75/76B | - | €1,003 | +€1,003 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Non-recurring financial income | 76B | - | €1,001 | +€1,001 | |
| Financial charges | 65/66B | €1,615 | €2,962 | +€1,347 | +83.4% |
| Recurring financial charges | 65 | €1,615 | €2,962 | +€1,347 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,560 | -€8,433 | -€6,873 | -440.5% |
| Profit (loss) for the period | 9904 | -€1,560 | -€8,433 | -€6,873 | -440.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,560 | -€8,433 | -€6,873 | -440.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.