COPCO TRAVEL: 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.
COPCO TRAVEL
Largest movements
- Receivables within one year +€67,416
up €67,416 (+16.2%), from €415,046 to €482,463
of which Other amounts receivable: +€34,080
- Cash -€54,682
down €54,682 (-65.1%), from €84,020 to €29,338
mainly Net result for the year (-€113,873) and Receivables within one year (-€67,416)
- Tangible fixed assets -€10,297
down €10,297 (-4.8%), from €215,425 to €205,129
of which Land and buildings: -€9,580
- Profit (loss) carried forward -€113,873
down €113,873 (-251%), from -€45,298 to -€159,170
- Short-term financial debts +€50,000
up €50,000, from €0 to €50,000
- Advances received +€29,224
up €29,224 (+6.9%), from €422,868 to €452,093
- Trade debts +€16,440
up €16,440 (+134%), from €12,277 to €28,717
- Debts after one year +€11,936
up €11,936 (+164%), from €7,278 to €19,214
of which Financial debts: +€9,000
- Gross operating margin -€155,341
down €155,341 (-79.1%), from €196,262 to €40,921
- Staff costs +€2,554
up €2,554 (+1.9%), from €134,549 to €137,103
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 | €796,411 | €796,164 | -€247 | 0.0% |
| Fixed assets | 21/28 | €225,137 | €214,840 | -€10,297 | -4.6% |
| Tangible fixed assets | 22/27 | €215,425 | €205,129 | -€10,297 | -4.8% |
| Land and buildings | 22 | €207,808 | €198,229 | -€9,580 | -4.6% |
| Plant, machinery and equipment | 23 | €1,303 | €763 | -€539 | -41.4% |
| Furniture and vehicles | 24 | €6,314 | €6,136 | -€178 | -2.8% |
| Financial fixed assets | 28 | €9,712 | €9,712 | = | 0.0% |
| Current assets | 29/58 | €571,274 | €581,324 | +€10,050 | +1.8% |
| Amounts receivable after more than one year | 29 | €63,051 | €64,614 | +€1,563 | +2.5% |
| Trade receivables | 290 | - | €1,563 | +€1,563 | |
| Other amounts receivable | 291 | €63,051 | €63,051 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,635 | €1,635 | -€1,000 | -37.9% |
| Stocks | 30/36 | €2,635 | €1,635 | -€1,000 | -37.9% |
| Amounts receivable within one year | 40/41 | €415,046 | €482,463 | +€67,416 | +16.2% |
| Trade receivables | 40 | €279,987 | €313,324 | +€33,336 | +11.9% |
| Other amounts receivable | 41 | €135,059 | €169,139 | +€34,080 | +25.2% |
| Cash at bank and in hand | 54/58 | €84,020 | €29,338 | -€54,682 | -65.1% |
| Deferred charges and accrued income | 490/1 | €6,521 | €3,275 | -€3,247 | -49.8% |
| Total equity and liabilities | 10/49 | €796,411 | €796,164 | -€247 | 0.0% |
| Equity | 10/15 | €332,664 | €218,791 | -€113,873 | -34.2% |
| Contributions | 10/11 | €50,818 | €50,818 | = | 0.0% |
| Revaluation surpluses | 12 | €105,018 | €94,182 | -€10,836 | -10.3% |
| Reserves | 13 | €222,125 | €232,961 | +€10,836 | +4.9% |
| Distributable reserves | 133 | €222,125 | €232,961 | +€10,836 | +4.9% |
| Profit (loss) carried forward | 14 | -€45,298 | -€159,170 | -€113,873 | -251% |
| Amounts payable | 17/49 | €463,747 | €577,373 | +€113,626 | +24.5% |
| Amounts payable after more than one year | 17 | €7,278 | €19,214 | +€11,936 | +164% |
| Financial debts | 170/4 | - | €9,000 | +€9,000 | |
| Advances received on contracts in progress | 176 | €7,278 | €10,214 | +€2,936 | +40.3% |
| Amounts payable within one year | 42/48 | €453,190 | €548,194 | +€95,004 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | €0 | €50,000 | +€50,000 | |
| Trade debts | 44 | €12,277 | €28,717 | +€16,440 | +134% |
| Suppliers | 440/4 | €12,277 | €28,717 | +€16,440 | +134% |
| Advances received on contracts in progress | 46 | €422,868 | €452,093 | +€29,224 | +6.9% |
| Taxes, remuneration and social security | 45 | €18,045 | €17,384 | -€661 | -3.7% |
| Taxes | 450/3 | €5,902 | €764 | -€5,138 | -87.1% |
| Remuneration and social security | 454/9 | €12,143 | €16,620 | +€4,478 | +36.9% |
| Accrued charges and deferred income | 492/3 | €3,279 | €9,965 | +€6,685 | +204% |
| Non-recurring operating income | 76A | €4,402 | - | -€4,402 | |
| Remuneration, social security and pensions | 62 | €134,549 | €137,103 | +€2,554 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,505 | €13,887 | +€1,383 | +11.1% |
| Other operating charges | 640/8 | €3,035 | €2,809 | -€226 | -7.5% |
| Gross operating margin | 9900 | €196,262 | €40,921 | -€155,341 | -79.1% |
| Operating profit (loss) | 9901 | €46,172 | -€112,879 | -€159,051 | |
| Financial income | 75/76B | €3,147 | €3,926 | +€780 | +24.8% |
| Recurring financial income | 75 | €3,147 | €3,926 | +€780 | +24.8% |
| Financial charges | 65/66B | €6,508 | €4,563 | -€1,946 | -29.9% |
| Recurring financial charges | 65 | €6,508 | €4,563 | -€1,946 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €42,811 | -€113,515 | -€156,326 | |
| Income taxes | 67/77 | €420 | €357 | -€63 | -15.0% |
| Profit (loss) for the period | 9904 | €42,391 | -€113,873 | -€156,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,391 | -€113,873 | -€156,263 |
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 28 October 2026 via checked.be.