COPERNIC: 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.
COPERNIC
Largest movements
- Tangible fixed assets -€96,086
down €96,086 (-4.8%), from €2.0m to €1.9m
of which Land and buildings: -€77,434
- Receivables within one year +€83,507
up €83,507 (+41.5%), from €201,301 to €284,808
of which Other amounts receivable: +€80,092
- Debts after one year -€40,561
down €40,561 (-2.8%), from €1.5m to €1.4m
- Reserves +€31,060
up €31,060 (+16.7%), from €185,931 to €216,991
of which Distributable reserves: +€45,000
- Gross operating margin +€26,725
up €26,725 (+15.0%), from €177,716 to €204,440
- Taxes +€8,827
up €8,827 (+66.7%), from €13,235 to €22,063
- Financial charges +€3,490
up €3,490 (+13.7%), from €25,529 to €29,019
- Financial income +€3,344
up €3,344 (+69.3%), from €4,824 to €8,168
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 | €2,207,522 | €2,196,636 | -€10,886 | -0.5% |
| Fixed assets | 21/28 | €2,001,894 | €1,905,809 | -€96,086 | -4.8% |
| Tangible fixed assets | 22/27 | €2,001,894 | €1,905,809 | -€96,086 | -4.8% |
| Land and buildings | 22 | €1,913,205 | €1,835,771 | -€77,434 | -4.0% |
| Plant, machinery and equipment | 23 | €72,203 | €58,853 | -€13,350 | -18.5% |
| Furniture and vehicles | 24 | €16,486 | €11,185 | -€5,301 | -32.2% |
| Current assets | 29/58 | €205,628 | €290,828 | +€85,200 | +41.4% |
| Amounts receivable within one year | 40/41 | €201,301 | €284,808 | +€83,507 | +41.5% |
| Trade receivables | 40 | €3,255 | €6,670 | +€3,415 | +105% |
| Other amounts receivable | 41 | €198,046 | €278,138 | +€80,092 | +40.4% |
| Cash at bank and in hand | 54/58 | €1,620 | €3,024 | +€1,404 | +86.6% |
| Deferred charges and accrued income | 490/1 | €2,707 | €2,996 | +€289 | +10.7% |
| Total equity and liabilities | 10/49 | €2,207,522 | €2,196,636 | -€10,886 | -0.5% |
| Equity | 10/15 | €239,560 | €272,738 | +€33,178 | +13.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €185,931 | €216,991 | +€31,060 | +16.7% |
| Tax-exempt reserves | 132 | €165,931 | €151,991 | -€13,940 | -8.4% |
| Distributable reserves | 133 | €20,000 | €65,000 | +€45,000 | +225% |
| Profit (loss) carried forward | 14 | €3,629 | €5,747 | +€2,118 | +58.4% |
| Provisions and deferred taxes | 16 | €85,442 | €78,264 | -€7,178 | -8.4% |
| Deferred taxes | 168 | €85,442 | €78,264 | -€7,178 | -8.4% |
| Amounts payable | 17/49 | €1,882,519 | €1,845,634 | -€36,885 | -2.0% |
| Amounts payable after more than one year | 17 | €1,463,347 | €1,422,787 | -€40,561 | -2.8% |
| Financial debts | 170/4 | €1,463,347 | €1,422,787 | -€40,561 | -2.8% |
| Amounts payable within one year | 42/48 | €350,630 | €344,540 | -€6,090 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €116,576 | €118,561 | +€1,984 | +1.7% |
| Financial debts | 43 | €190,000 | €190,000 | = | 0.0% |
| Credit institutions | 430/8 | €190,000 | €190,000 | = | 0.0% |
| Trade debts | 44 | €4,252 | - | -€4,252 | |
| Suppliers | 440/4 | €4,252 | - | -€4,252 | |
| Taxes, remuneration and social security | 45 | €25,801 | €5,729 | -€20,072 | -77.8% |
| Taxes | 450/3 | €25,801 | €5,729 | -€20,072 | -77.8% |
| Other amounts payable | 47/48 | €14,000 | €30,250 | +€16,250 | +116% |
| Accrued charges and deferred income | 492/3 | €68,543 | €78,308 | +€9,765 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,186 | €118,730 | +€545 | +0.5% |
| Other operating charges | 640/8 | €16,511 | €16,797 | +€286 | +1.7% |
| Gross operating margin | 9900 | €177,716 | €204,440 | +€26,725 | +15.0% |
| Operating profit (loss) | 9901 | €43,019 | €68,913 | +€25,894 | +60.2% |
| Financial income | 75/76B | €4,824 | €8,168 | +€3,344 | +69.3% |
| Recurring financial income | 75 | €4,824 | €8,168 | +€3,344 | +69.3% |
| Financial charges | 65/66B | €25,529 | €29,019 | +€3,490 | +13.7% |
| Recurring financial charges | 65 | €25,529 | €29,019 | +€3,490 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €22,314 | €48,062 | +€25,748 | +115% |
| Transfer from deferred taxes | 780 | €7,178 | €7,178 | = | 0.0% |
| Income taxes | 67/77 | €13,235 | €22,063 | +€8,827 | +66.7% |
| Profit (loss) for the period | 9904 | €16,257 | €33,178 | +€16,921 | +104% |
| Transfer from tax-exempt reserves | 789 | €13,940 | €13,940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,197 | €47,118 | +€16,921 | +56.0% |
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 13 October 2026 via checked.be.