CoPePa: 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.
CoPePa
Largest movements
- Tangible fixed assets -€18,052
down €18,052 (-38.6%), from €46,808 to €28,756
of which Furniture and vehicles: -€17,069
- Cash +€17,068
up €17,068 (+15.1%), from €113,139 to €130,207
mainly Net result for the year (+€35,625) and Depreciation (+€18,052)
- Deferred charges and accrued income +€13,093
up €13,093 (+292.1%), from €4,482 to €17,575
- Debts after one year -€40,870
down €40,870 (-20.3%), from €201,675 to €160,805
- Profit (loss) carried forward +€35,625
up €35,625 (+19.5%), from €182,618 to €218,242
- Advances received +€15,125
new in 2025: €15,125
- Gross operating margin +€8,785
up €8,785 (+13.7%), from €63,929 to €72,714
- Financial charges +€3,198
up €3,198 (+184.8%), from €1,730 to €4,928
- Taxes +€1,468
up €1,468 (+11.7%), from €12,522 to €13,989
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 | €427,790 | €440,393 | +€12,604 | +2.9% |
| Fixed assets | 21/28 | €271,808 | €253,756 | -€18,052 | -6.6% |
| Tangible fixed assets | 22/27 | €46,808 | €28,756 | -€18,052 | -38.6% |
| Plant, machinery and equipment | 23 | €2,009 | €1,026 | -€984 | -49.0% |
| Furniture and vehicles | 24 | €44,799 | €27,730 | -€17,069 | -38.1% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €155,981 | €186,637 | +€30,656 | +19.7% |
| Amounts receivable within one year | 40/41 | €38,360 | €38,855 | +€495 | +1.3% |
| Trade receivables | 40 | €8,250 | €3,908 | -€4,342 | -52.6% |
| Other amounts receivable | 41 | €30,110 | €34,947 | +€4,837 | +16.1% |
| Cash at bank and in hand | 54/58 | €113,139 | €130,207 | +€17,068 | +15.1% |
| Deferred charges and accrued income | 490/1 | €4,482 | €17,575 | +€13,093 | +292.1% |
| Total equity and liabilities | 10/49 | €427,790 | €440,393 | +€12,604 | +2.9% |
| Equity | 10/15 | €196,878 | €232,502 | +€35,625 | +18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,618 | €218,242 | +€35,625 | +19.5% |
| Amounts payable | 17/49 | €230,912 | €207,891 | -€23,021 | -10.0% |
| Amounts payable after more than one year | 17 | €201,675 | €160,805 | -€40,870 | -20.3% |
| Financial debts | 170/4 | €201,675 | €160,805 | -€40,870 | -20.3% |
| Amounts payable within one year | 42/48 | €28,976 | €46,824 | +€17,848 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €20,473 | €20,870 | +€397 | +1.9% |
| Trade debts | 44 | €1,037 | €3,449 | +€2,412 | +232.6% |
| Suppliers | 440/4 | €1,037 | €3,449 | +€2,412 | +232.6% |
| Advances received on contracts in progress | 46 | - | €15,125 | +€15,125 | |
| Taxes, remuneration and social security | 45 | €7,465 | €7,380 | -€85 | -1.1% |
| Taxes | 450/3 | €7,465 | €7,380 | -€85 | -1.1% |
| Accrued charges and deferred income | 492/3 | €262 | €262 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,052 | €18,052 | -€0 | 0.0% |
| Other operating charges | 640/8 | €144 | €120 | -€24 | -16.7% |
| Gross operating margin | 9900 | €63,929 | €72,714 | +€8,785 | +13.7% |
| Operating profit (loss) | 9901 | €45,733 | €54,542 | +€8,810 | +19.3% |
| Financial charges | 65/66B | €1,730 | €4,928 | +€3,198 | +184.8% |
| Recurring financial charges | 65 | €1,730 | €4,928 | +€3,198 | +184.8% |
| Profit (loss) for the period before taxes | 9903 | €44,003 | €49,614 | +€5,612 | +12.8% |
| Income taxes | 67/77 | €12,522 | €13,989 | +€1,468 | +11.7% |
| Profit (loss) for the period | 9904 | €31,481 | €35,625 | +€4,144 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,481 | €35,625 | +€4,144 | +13.2% |
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 12 October 2026 via checked.be.