COPENAUT-CAI: 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.
COPENAUT-CAI
Largest movements
- Receivables within one year -€7,997
down €7,997 (-22.0%), from €36,293 to €28,296
- Stocks and contracts -€5,863
down €5,863 (-29.9%), from €19,598 to €13,735
- Tangible fixed assets -€5,809
down €5,809 (-16.4%), from €35,487 to €29,678
of which Plant, machinery and equipment: -€7,277
- Cash -€1,755
no longer reported in 2025 (was €1,755)
mainly Trade debts (-€15,098) and Short-term financial debts (-€7,013)
- Trade debts -€15,098
down €15,098 (-82.4%), from €18,323 to €3,224
- Short-term financial debts -€7,013
down €7,013 (-93.9%), from €7,467 to €455
- Profit (loss) carried forward +€3,950
up €3,950 (+9.8%), from -€40,156 to -€36,207
- Debts after one year -€3,637
down €3,637 (-40.1%), from €9,067 to €5,430
- Gross operating margin -€9,044
down €9,044 (-30.1%), from €30,065 to €21,020
- Depreciation -€7,053
down €7,053 (-44.9%), from €15,702 to €8,648
- Purchases and services +€6,805
up €6,805 (+3.9%), from €175,927 to €182,732
- Financial income +€4,366
up €4,366 (+12,134%), from €36 to €4,402
of which Non-recurring financial income: +€4,329
- Turnover -€3,907
down €3,907 (-1.9%), from €205,992 to €202,085
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 | €93,183 | €72,120 | -€21,064 | -22.6% |
| Fixed assets | 21/28 | €35,537 | €29,728 | -€5,809 | -16.3% |
| Tangible fixed assets | 22/27 | €35,487 | €29,678 | -€5,809 | -16.4% |
| Plant, machinery and equipment | 23 | €32,971 | €25,694 | -€7,277 | -22.1% |
| Furniture and vehicles | 24 | €2,516 | €3,984 | +€1,468 | +58.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €57,646 | €42,391 | -€15,255 | -26.5% |
| Stocks and contracts in progress | 3 | €19,598 | €13,735 | -€5,863 | -29.9% |
| Stocks | 30/36 | €19,598 | €13,735 | -€5,863 | -29.9% |
| Amounts receivable within one year | 40/41 | €36,293 | €28,296 | -€7,997 | -22.0% |
| Other amounts receivable | 41 | €36,293 | €28,296 | -€7,997 | -22.0% |
| Cash at bank and in hand | 54/58 | €1,755 | - | -€1,755 | |
| Deferred charges and accrued income | 490/1 | - | €361 | +€361 | |
| Total equity and liabilities | 10/49 | €93,183 | €72,120 | -€21,064 | -22.6% |
| Equity | 10/15 | €32,144 | €36,093 | +€3,950 | +12.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,300 | €52,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €50,300 | €50,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,156 | -€36,207 | +€3,950 | +9.8% |
| Amounts payable | 17/49 | €61,040 | €36,026 | -€25,013 | -41.0% |
| Amounts payable after more than one year | 17 | €9,067 | €5,430 | -€3,637 | -40.1% |
| Financial debts | 170/4 | €9,067 | €5,430 | -€3,637 | -40.1% |
| Amounts payable within one year | 42/48 | €51,972 | €30,596 | -€21,376 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €3,483 | €3,669 | +€186 | +5.3% |
| Financial debts | 43 | €7,467 | €455 | -€7,013 | -93.9% |
| Credit institutions | 430/8 | €7,467 | €455 | -€7,013 | -93.9% |
| Trade debts | 44 | €18,323 | €3,224 | -€15,098 | -82.4% |
| Suppliers | 440/4 | €18,323 | €3,224 | -€15,098 | -82.4% |
| Taxes, remuneration and social security | 45 | €21,411 | €21,960 | +€549 | +2.6% |
| Taxes | 450/3 | €20,631 | €21,540 | +€909 | +4.4% |
| Remuneration and social security | 454/9 | €780 | €419 | -€360 | -46.2% |
| Other amounts payable | 47/48 | €1,288 | €1,288 | = | 0.0% |
| Turnover | 70 | €205,992 | €202,085 | -€3,907 | -1.9% |
| Non-recurring operating income | 76A | - | €1,668 | +€1,668 | |
| Goods, raw materials, services and sundry goods | 60/61 | €175,927 | €182,732 | +€6,805 | +3.9% |
| Remuneration, social security and pensions | 62 | €7,649 | €8,474 | +€825 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,702 | €8,648 | -€7,053 | -44.9% |
| Other operating charges | 640/8 | €3,365 | €1,635 | -€1,730 | -51.4% |
| Gross operating margin | 9900 | €30,065 | €21,020 | -€9,044 | -30.1% |
| Operating profit (loss) | 9901 | €3,349 | €2,263 | -€1,086 | -32.4% |
| Financial income | 75/76B | €36 | €4,402 | +€4,366 | +12,134% |
| Recurring financial income | 75 | €36 | €73 | +€37 | +104% |
| Non-recurring financial income | 76B | - | €4,329 | +€4,329 | |
| Financial charges | 65/66B | €2,703 | €2,548 | -€156 | -5.8% |
| Recurring financial charges | 65 | €2,703 | €2,548 | -€156 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €682 | €4,117 | +€3,436 | +504% |
| Income taxes | 67/77 | €230 | €168 | -€62 | -27.1% |
| Profit (loss) for the period | 9904 | €452 | €3,950 | +€3,498 | +774% |
| Profit (loss) for the period to be appropriated | 9905 | €452 | €3,950 | +€3,498 | +774% |
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 17 October 2026 via checked.be.