COPAVER: 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.
COPAVER
Largest movements
- Receivables within one year +€499,711
up €499,711 (+1047.0%), from €47,730 to €547,441
of which Other amounts receivable: +€502,003
- Tangible fixed assets +€52,526
up €52,526 (+447.6%), from €11,736 to €64,261
of which Land and buildings: +€34,952
- Stocks and contracts +€13,972
new in 2025: €13,972
- Trade debts +€468,033
up €468,033 (+3061.4%), from €15,288 to €483,321
- Tax, wage and social debts +€66,470
new in 2025: €66,470
of which Remuneration and social security: +€52,071
- Profit (loss) carried forward +€27,520
up €27,520, from -€5,266 to €22,254
- Advances received +€10,340
new in 2025: €10,340
- Gross operating margin +€698,563
up €698,563 (+51883.0%), from €1,346 to €699,909
- Staff costs +€677,279
new in 2025: €677,279
- Financial income +€25,518
up €25,518 (+2366.5%), from €1,078 to €26,597
- Taxes +€8,730
new in 2025: €8,730
- Financial charges +€7,238
up €7,238 (+4825.4%), from €150 to €7,388
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 | €60,034 | €632,485 | +€572,450 | +953.5% |
| Fixed assets | 21/28 | €12,236 | €64,761 | +€52,526 | +429.3% |
| Tangible fixed assets | 22/27 | €11,736 | €64,261 | +€52,526 | +447.6% |
| Land and buildings | 22 | €11,736 | €46,688 | +€34,952 | +297.8% |
| Furniture and vehicles | 24 | - | €17,573 | +€17,573 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €47,799 | €567,723 | +€519,925 | +1087.7% |
| Stocks and contracts in progress | 3 | - | €13,972 | +€13,972 | |
| Stocks | 30/36 | - | €13,972 | +€13,972 | |
| Amounts receivable within one year | 40/41 | €47,730 | €547,441 | +€499,711 | +1047.0% |
| Trade receivables | 40 | €16,335 | €14,043 | -€2,292 | -14.0% |
| Other amounts receivable | 41 | €31,395 | €533,398 | +€502,003 | +1599.0% |
| Cash at bank and in hand | 54/58 | €69 | €6,311 | +€6,241 | +9032.5% |
| Total equity and liabilities | 10/49 | €60,034 | €632,485 | +€572,450 | +953.5% |
| Equity | 10/15 | €44,734 | €72,254 | +€27,520 | +61.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,266 | €22,254 | +€27,520 | |
| Amounts payable | 17/49 | €15,301 | €560,231 | +€544,930 | +3561.5% |
| Amounts payable within one year | 42/48 | €15,288 | €560,218 | +€544,930 | +3564.4% |
| Trade debts | 44 | €15,288 | €483,321 | +€468,033 | +3061.4% |
| Suppliers | 440/4 | €15,288 | €483,321 | +€468,033 | +3061.4% |
| Advances received on contracts in progress | 46 | - | €10,340 | +€10,340 | |
| Taxes, remuneration and social security | 45 | - | €66,470 | +€66,470 | |
| Taxes | 450/3 | - | €14,399 | +€14,399 | |
| Remuneration and social security | 454/9 | - | €52,071 | +€52,071 | |
| Other amounts payable | 47/48 | - | €87 | +€87 | |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €677,279 | +€677,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €5,488 | +€5,254 | +2249.1% |
| Other operating charges | 640/8 | - | €101 | +€101 | |
| Gross operating margin | 9900 | €1,346 | €699,909 | +€698,563 | +51883.0% |
| Operating profit (loss) | 9901 | €1,113 | €17,041 | +€15,928 | +1431.4% |
| Financial income | 75/76B | €1,078 | €26,597 | +€25,518 | +2366.5% |
| Recurring financial income | 75 | €1,078 | €26,597 | +€25,518 | +2366.5% |
| Financial charges | 65/66B | €150 | €7,388 | +€7,238 | +4825.4% |
| Recurring financial charges | 65 | €150 | €7,388 | +€7,238 | +4825.4% |
| Profit (loss) for the period before taxes | 9903 | €2,041 | €36,250 | +€34,209 | +1676.0% |
| Income taxes | 67/77 | - | €8,730 | +€8,730 | |
| Profit (loss) for the period | 9904 | €2,041 | €27,520 | +€25,479 | +1248.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,041 | €27,520 | +€25,479 | +1248.3% |
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 4 October 2026 via checked.be.