COPE - INVENT: 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 - INVENT
Largest movements
- Formation expenses +€64,140
new in 2025: €64,140
- Receivables within one year -€56,482
down €56,482 (-6.8%), from €828,344 to €771,862
of which Trade receivables: -€38,354
- Cash -€30,939
down €30,939 (-27.1%), from €114,006 to €83,068
mainly Investment in fixed assets (net) (-€91,053) and Debts after one year (-€58,333)
- Debts after one year -€58,333
down €58,333 (-28.0%), from €208,333 to €150,000
- Trade debts +€45,221
up €45,221 (+5.4%), from €833,620 to €878,841
- Current portion of long-term debt -€41,667
down €41,667 (-41.7%), from €100,000 to €58,333
- Profit (loss) carried forward +€23,320
up €23,320 (+5.1%), from -€454,144 to -€430,823
- Gross operating margin -€90,290
down €90,290 (-17.5%), from €515,313 to €425,023
- Other operating charges -€15,981
down €15,981 (-79.1%), from €20,210 to €4,229
- Financial charges +€14,835
up €14,835 (+27.3%), from €54,255 to €69,090
- Depreciation +€11,268
up €11,268 (+85.6%), from €13,157 to €24,425
- Staff costs -€6,050
down €6,050 (-1.6%), from €377,049 to €370,999
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 | €1,164,167 | €1,137,016 | -€27,150 | -2.3% |
| Formation expenses | 20 | - | €64,140 | +€64,140 | |
| Fixed assets | 21/28 | €46,054 | €48,543 | +€2,488 | +5.4% |
| Tangible fixed assets | 22/27 | €44,854 | €40,593 | -€4,262 | -9.5% |
| Plant, machinery and equipment | 23 | €13,502 | €13,063 | -€439 | -3.3% |
| Furniture and vehicles | 24 | €23,940 | €10,551 | -€13,389 | -55.9% |
| Other tangible fixed assets | 26 | €7,412 | €16,979 | +€9,567 | +129% |
| Financial fixed assets | 28 | €1,200 | €7,950 | +€6,750 | +563% |
| Current assets | 29/58 | €1,118,112 | €1,024,334 | -€93,779 | -8.4% |
| Stocks and contracts in progress | 3 | €173,043 | €163,986 | -€9,057 | -5.2% |
| Stocks | 30/36 | €33,023 | €22,009 | -€11,014 | -33.4% |
| Contracts in progress | 37 | €140,020 | €141,977 | +€1,957 | +1.4% |
| Amounts receivable within one year | 40/41 | €828,344 | €771,862 | -€56,482 | -6.8% |
| Trade receivables | 40 | €755,323 | €716,969 | -€38,354 | -5.1% |
| Other amounts receivable | 41 | €73,021 | €54,893 | -€18,128 | -24.8% |
| Cash at bank and in hand | 54/58 | €114,006 | €83,068 | -€30,939 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,719 | €5,418 | +€2,699 | +99.3% |
| Total equity and liabilities | 10/49 | €1,164,167 | €1,137,016 | -€27,150 | -2.3% |
| Equity | 10/15 | -€347,392 | -€324,072 | +€23,320 | +6.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,752 | €86,752 | = | 0.0% |
| Distributable reserves | 133 | €86,752 | €86,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,144 | -€430,823 | +€23,320 | +5.1% |
| Amounts payable | 17/49 | €1,511,558 | €1,461,088 | -€50,470 | -3.3% |
| Amounts payable after more than one year | 17 | €208,333 | €150,000 | -€58,333 | -28.0% |
| Financial debts | 170/4 | €208,333 | €150,000 | -€58,333 | -28.0% |
| Amounts payable within one year | 42/48 | €1,280,791 | €1,283,199 | +€2,408 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €58,333 | -€41,667 | -41.7% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €833,620 | €878,841 | +€45,221 | +5.4% |
| Suppliers | 440/4 | €833,620 | €878,841 | +€45,221 | +5.4% |
| Taxes, remuneration and social security | 45 | €47,075 | €46,024 | -€1,051 | -2.2% |
| Taxes | 450/3 | €334 | €6,544 | +€6,210 | +1,859% |
| Remuneration and social security | 454/9 | €46,741 | €39,480 | -€7,261 | -15.5% |
| Other amounts payable | 47/48 | €96 | €0 | -€96 | -100% |
| Accrued charges and deferred income | 492/3 | €22,434 | €27,889 | +€5,455 | +24.3% |
| Non-recurring operating income | 76A | - | €448 | +€448 | |
| Remuneration, social security and pensions | 62 | €377,049 | €370,999 | -€6,050 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,157 | €24,425 | +€11,268 | +85.6% |
| Other operating charges | 640/8 | €20,210 | €4,229 | -€15,981 | -79.1% |
| Operating charges capitalised as restructuring costs | 649 | - | -€80,175 | -€80,175 | |
| Non-recurring operating charges | 66A | €539 | €13,265 | +€12,725 | +2,359% |
| Gross operating margin | 9900 | €515,313 | €425,023 | -€90,290 | -17.5% |
| Operating profit (loss) | 9901 | €104,358 | €92,281 | -€12,077 | -11.6% |
| Financial income | 75/76B | €223 | €716 | +€494 | +221% |
| Recurring financial income | 75 | €223 | €716 | +€494 | +221% |
| Financial charges | 65/66B | €54,255 | €69,090 | +€14,835 | +27.3% |
| Recurring financial charges | 65 | €54,255 | €69,090 | +€14,835 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €50,326 | €23,907 | -€26,418 | -52.5% |
| Income taxes | 67/77 | €686 | €587 | -€99 | -14.4% |
| Profit (loss) for the period | 9904 | €49,640 | €23,320 | -€26,319 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,640 | €23,320 | -€26,319 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.