COPERNICUS SITE: 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.
COPERNICUS SITE
Largest movements
- Cash -€10.7m
down €10.7m (-99.9%), from €10.7m to €6,659
mainly Short-term financial debts (-€11.5m) and Debts after one year (-€1.7m)
- Receivables within one year -€2.7m
no longer reported in 2024 (was €2.7m)
- Financial fixed assets +€495,981
up €495,981 (+5.8%), from €8.5m to €9.0m
- Short-term financial debts -€11.5m
down €11.5m (-62.6%), from €18.4m to €6.9m
- Current portion of long-term debt +€1.8m
new in 2024: €1.8m
- Debts after one year -€1.7m
no longer reported in 2024 (was €1.7m)
- Trade debts -€1.1m
down €1.1m (-74.2%), from €1.4m to €366,051
- Tax, wage and social debts -€672,565
down €672,565 (-78.9%), from €852,112 to €179,546
- Gross operating margin -€11.0m
down €11.0m (-97.0%), from €11.4m to €336,524
- Financial charges -€523,702
down €523,702 (-42.4%), from €1.2m to €710,898
- Taxes -€348,088
down €348,088, from €266,134 to -€81,954
- Financial income +€125,955
up €125,955 (+27.3%), from €460,865 to €586,820
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,556,885 | €9,640,027 | -€12.9m | -57.3% |
| Fixed assets | 21/28 | €9,163,382 | €9,633,368 | +€469,986 | +5.1% |
| Tangible fixed assets | 22/27 | €683,370 | €657,374 | -€25,996 | -3.8% |
| Other tangible fixed assets | 26 | €683,370 | €657,374 | -€25,996 | -3.8% |
| Financial fixed assets | 28 | €8,480,013 | €8,975,994 | +€495,981 | +5.8% |
| Current assets | 29/58 | €13,393,502 | €6,659 | -€13.4m | -100.0% |
| Amounts receivable within one year | 40/41 | €2,698,973 | - | -€2.7m | |
| Trade receivables | 40 | €2,698,973 | - | -€2.7m | |
| Cash at bank and in hand | 54/58 | €10,694,529 | €6,659 | -€10.7m | -99.9% |
| Total equity and liabilities | 10/49 | €22,556,885 | €9,640,027 | -€12.9m | -57.3% |
| Equity | 10/15 | €77,757 | €369,938 | +€292,181 | +376% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,966,717 | €3,966,717 | = | 0.0% |
| Distributable reserves | 133 | €3,966,717 | €3,966,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,950,960 | -€3,658,780 | +€292,181 | +7.4% |
| Amounts payable | 17/49 | €22,479,127 | €9,270,089 | -€13.2m | -58.8% |
| Amounts payable after more than one year | 17 | €1,732,677 | - | -€1.7m | |
| Other amounts payable | 178/9 | €1,732,677 | - | -€1.7m | |
| Amounts payable within one year | 42/48 | €20,647,540 | €9,238,233 | -€11.4m | -55.3% |
| Current portion of amounts payable after more than one year | 42 | - | €1,828,235 | +€1.8m | |
| Financial debts | 43 | €18,375,000 | €6,864,400 | -€11.5m | -62.6% |
| Credit institutions | 430/8 | €18,375,000 | €6,864,400 | -€11.5m | -62.6% |
| Trade debts | 44 | €1,420,428 | €366,051 | -€1.1m | -74.2% |
| Suppliers | 440/4 | €1,420,428 | €366,051 | -€1.1m | -74.2% |
| Taxes, remuneration and social security | 45 | €852,112 | €179,546 | -€672,565 | -78.9% |
| Taxes | 450/3 | €852,112 | €179,546 | -€672,565 | -78.9% |
| Accrued charges and deferred income | 492/3 | €98,910 | €31,857 | -€67,054 | -67.8% |
| Non-recurring operating income | 76A | €10,457,070 | €754,004 | -€9.7m | -92.8% |
| Other operating charges | 640/8 | €1,665 | €2,219 | +€553 | +33.2% |
| Non-recurring operating charges | 66A | €9,596,976 | - | -€9.6m | |
| Gross operating margin | 9900 | €11,350,482 | €336,524 | -€11.0m | -97.0% |
| Operating profit (loss) | 9901 | €1,751,840 | €334,305 | -€1.4m | -80.9% |
| Financial income | 75/76B | €460,865 | €586,820 | +€125,955 | +27.3% |
| Recurring financial income | 75 | €460,865 | €586,820 | +€125,955 | +27.3% |
| Financial charges | 65/66B | €1,234,601 | €710,898 | -€523,702 | -42.4% |
| Recurring financial charges | 65 | €1,234,601 | €710,898 | -€523,702 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €978,105 | €210,227 | -€767,878 | -78.5% |
| Income taxes | 67/77 | €266,134 | -€81,954 | -€348,088 | |
| Profit (loss) for the period | 9904 | €711,971 | €292,181 | -€419,791 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €711,971 | €292,181 | -€419,791 | -59.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.