COPATRA - THEMA: 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.
COPATRA - THEMA
Largest movements
- Tangible fixed assets -€12,610
down €12,610 (-4.9%), from €259,362 to €246,752
- Profit (loss) carried forward -€15,260
down €15,260 (-14.7%), from -€103,520 to -€118,780
- Depreciation -€5,677
down €5,677 (-31.0%), from €18,287 to €12,610
- Gross operating margin -€2,524
down €2,524 (-84.1%), from €2,999 to €475
- Other operating charges +€50
up €50 (+2.0%), from €2,561 to €2,611
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.
Derived cash bridge
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 | €259,803 | €247,707 | -€12,096 | -4.7% |
| Fixed assets | 21/28 | €259,362 | €246,752 | -€12,610 | -4.9% |
| Tangible fixed assets | 22/27 | €259,362 | €246,752 | -€12,610 | -4.9% |
| Land and buildings | 22 | €259,362 | €246,752 | -€12,610 | -4.9% |
| Current assets | 29/58 | €441 | €955 | +€514 | +117% |
| Cash at bank and in hand | 54/58 | €177 | €955 | +€778 | +440% |
| Deferred charges and accrued income | 490/1 | €264 | €0 | -€264 | -100% |
| Total equity and liabilities | 10/49 | €259,803 | €247,707 | -€12,096 | -4.7% |
| Equity | 10/15 | €143,813 | €128,553 | -€15,260 | -10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €227,333 | €227,333 | = | 0.0% |
| Tax-exempt reserves | 132 | €322 | €322 | = | 0.0% |
| Distributable reserves | 133 | €227,011 | €227,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,520 | -€118,780 | -€15,260 | -14.7% |
| Amounts payable | 17/49 | €115,990 | €119,154 | +€3,165 | +2.7% |
| Amounts payable within one year | 42/48 | €115,990 | €119,154 | +€3,165 | +2.7% |
| Trade debts | 44 | €619 | €1,053 | +€434 | +70.2% |
| Suppliers | 440/4 | €619 | €1,053 | +€434 | +70.2% |
| Taxes, remuneration and social security | 45 | €351 | €714 | +€363 | +103% |
| Taxes | 450/3 | €351 | €714 | +€363 | +103% |
| Other amounts payable | 47/48 | €115,020 | €117,387 | +€2,367 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,287 | €12,610 | -€5,677 | -31.0% |
| Other operating charges | 640/8 | €2,561 | €2,611 | +€50 | +2.0% |
| Gross operating margin | 9900 | €2,999 | €475 | -€2,524 | -84.1% |
| Operating profit (loss) | 9901 | -€17,849 | -€14,745 | +€3,103 | +17.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,000 | -€14,898 | +€3,102 | +17.2% |
| Income taxes | 67/77 | €351 | €363 | +€11 | +3.2% |
| Profit (loss) for the period | 9904 | -€18,351 | -€15,260 | +€3,091 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,351 | -€15,260 | +€3,091 | +16.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.