Cope: 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.
Cope
Largest movements
- Receivables after one year -€38,000
down €38,000 (-50.0%), from €76,000 to €38,000
- Cash -€14,779
down €14,779 (-59.3%), from €24,928 to €10,150
mainly Contributions, distributions and other (-€50,526) and Debts after one year (-€13,945)
- Reserves -€35,868
down €35,868 (-24.7%), from €145,326 to €109,458
- Debts after one year -€13,945
down €13,945 (-9.3%), from €149,657 to €135,712
- Tax, wage and social debts -€8,768
down €8,768 (-45.0%), from €19,500 to €10,732
- Gross operating margin +€6,971
up €6,971 (+31.0%), from €22,495 to €29,466
- Taxes +€2,268
up €2,268 (+40.8%), from €5,560 to €7,828
- Financial income +€811
up €811 (+25.2%), from €3,217 to €4,029
- Financial charges -€575
down €575 (-11.4%), from €5,031 to €4,456
- Other operating charges -€344
down €344 (-27.5%), from €1,253 to €908
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 | €330,496 | €274,198 | -€56,298 | -17.0% |
| Fixed assets | 21/28 | €228,577 | €225,354 | -€3,223 | -1.4% |
| Tangible fixed assets | 22/27 | €228,577 | €225,354 | -€3,223 | -1.4% |
| Land and buildings | 22 | €228,577 | €222,993 | -€5,584 | -2.4% |
| Furniture and vehicles | 24 | - | €2,361 | +€2,361 | |
| Current assets | 29/58 | €101,919 | €48,843 | -€53,075 | -52.1% |
| Amounts receivable after more than one year | 29 | €76,000 | €38,000 | -€38,000 | -50.0% |
| Other amounts receivable | 291 | €76,000 | €38,000 | -€38,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €379 | €250 | -€130 | -34.2% |
| Other amounts receivable | 41 | €379 | €250 | -€130 | -34.2% |
| Cash at bank and in hand | 54/58 | €24,928 | €10,150 | -€14,779 | -59.3% |
| Deferred charges and accrued income | 490/1 | €611 | €444 | -€167 | -27.4% |
| Total equity and liabilities | 10/49 | €330,496 | €274,198 | -€56,298 | -17.0% |
| Equity | 10/15 | €146,256 | €110,388 | -€35,868 | -24.5% |
| Contributions | 10/11 | €930 | €930 | = | 0.0% |
| Reserves | 13 | €145,326 | €109,458 | -€35,868 | -24.7% |
| Distributable reserves | 133 | €145,326 | €109,458 | -€35,868 | -24.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €184,240 | €163,810 | -€20,430 | -11.1% |
| Amounts payable after more than one year | 17 | €149,657 | €135,712 | -€13,945 | -9.3% |
| Financial debts | 170/4 | €149,657 | €135,712 | -€13,945 | -9.3% |
| Amounts payable within one year | 42/48 | €34,583 | €28,098 | -€6,484 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €13,548 | €13,945 | +€398 | +2.9% |
| Trade debts | 44 | €1,152 | €2,604 | +€1,452 | +126.1% |
| Suppliers | 440/4 | €1,152 | €2,604 | +€1,452 | +126.1% |
| Taxes, remuneration and social security | 45 | €19,500 | €10,732 | -€8,768 | -45.0% |
| Taxes | 450/3 | €19,500 | €10,732 | -€8,768 | -45.0% |
| Other amounts payable | 47/48 | €383 | €817 | +€434 | +113.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,584 | €5,643 | +€60 | +1.1% |
| Other operating charges | 640/8 | €1,253 | €908 | -€344 | -27.5% |
| Gross operating margin | 9900 | €22,495 | €29,466 | +€6,971 | +31.0% |
| Operating profit (loss) | 9901 | €15,659 | €22,914 | +€7,255 | +46.3% |
| Financial income | 75/76B | €3,217 | €4,029 | +€811 | +25.2% |
| Recurring financial income | 75 | €3,217 | €4,029 | +€811 | +25.2% |
| Financial charges | 65/66B | €5,031 | €4,456 | -€575 | -11.4% |
| Recurring financial charges | 65 | €5,031 | €4,456 | -€575 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €13,845 | €22,486 | +€8,641 | +62.4% |
| Income taxes | 67/77 | €5,560 | €7,828 | +€2,268 | +40.8% |
| Profit (loss) for the period | 9904 | €8,285 | €14,658 | +€6,373 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,285 | €14,658 | +€6,373 | +76.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.