COPET: what changed
Two fiscal 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.
COPET
Largest movements
- Tangible fixed assets -€16,863
down €16,863 (-26.7%), from €63,100 to €46,237
of which Other tangible fixed assets: -€13,442
- Receivables within one year -€9,033
down €9,033 (-84.7%), from €10,661 to €1,629
of which Trade receivables: -€10,163
- Cash +€3,070
up €3,070 (+271.9%), from €1,129 to €4,200
mainly Depreciation (+€16,863) and Receivables within one year (+€9,033)
- Debts after one year -€10,399
down €10,399 (-31.7%), from €32,834 to €22,435
- Other debts -€5,645
down €5,645 (-10.7%), from €52,535 to €46,890
- Tax, wage and social debts -€4,715
down €4,715 (-39.1%), from €12,067 to €7,352
of which Taxes: -€2,915
- Current portion of long-term debt -€2,330
down €2,330 (-18.3%), from €12,729 to €10,399
- Gross operating margin -€2,563
down €2,563 (-9.9%), from €26,008 to €23,444
- Taxes -€1,240
down €1,240 (-47.5%), from €2,609 to €1,370
- Other operating charges +€1,014
up €1,014 (+68.2%), from €1,487 to €2,501
- Financial charges -€414
down €414 (-14.9%), from €2,782 to €2,367
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 | €100,572 | €77,698 | -€22,874 | -22.7% |
| Fixed assets | 21/28 | €63,100 | €46,237 | -€16,863 | -26.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €63,100 | €46,237 | -€16,863 | -26.7% |
| Plant, machinery and equipment | 23 | €10,326 | €6,905 | -€3,421 | -33.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €52,774 | €39,332 | -€13,442 | -25.5% |
| Current assets | 29/58 | €37,472 | €31,461 | -€6,011 | -16.0% |
| Amounts receivable after more than one year | 29 | €24,881 | €24,881 | = | 0.0% |
| Other amounts receivable | 291 | €24,881 | €24,881 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,661 | €1,629 | -€9,033 | -84.7% |
| Trade receivables | 40 | €10,661 | €498 | -€10,163 | -95.3% |
| Other amounts receivable | 41 | - | €1,130 | +€1,130 | |
| Cash at bank and in hand | 54/58 | €1,129 | €4,200 | +€3,070 | +271.9% |
| Deferred charges and accrued income | 490/1 | €800 | €751 | -€48 | -6.0% |
| Total equity and liabilities | 10/49 | €100,572 | €77,698 | -€22,874 | -22.7% |
| Equity | 10/15 | -€9,720 | -€9,377 | +€343 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77 | €77 | = | 0.0% |
| Non-distributable reserves | 130/1 | €77 | €77 | = | 0.0% |
| Reserves not available under the articles | 1311 | €77 | €77 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,997 | -€15,654 | +€343 | +2.1% |
| Amounts payable | 17/49 | €110,292 | €87,075 | -€23,217 | -21.1% |
| Amounts payable after more than one year | 17 | €32,834 | €22,435 | -€10,399 | -31.7% |
| Financial debts | 170/4 | €32,834 | €22,435 | -€10,399 | -31.7% |
| Amounts payable within one year | 42/48 | €77,459 | €64,641 | -€12,818 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €12,729 | €10,399 | -€2,330 | -18.3% |
| Trade debts | 44 | €128 | €0 | -€128 | -100.0% |
| Suppliers | 440/4 | €128 | €0 | -€128 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,067 | €7,352 | -€4,715 | -39.1% |
| Taxes | 450/3 | €4,567 | €1,652 | -€2,915 | -63.8% |
| Remuneration and social security | 454/9 | €7,500 | €5,700 | -€1,800 | -24.0% |
| Other amounts payable | 47/48 | €52,535 | €46,890 | -€5,645 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,863 | €16,863 | = | 0.0% |
| Other operating charges | 640/8 | €1,487 | €2,501 | +€1,014 | +68.2% |
| Gross operating margin | 9900 | €26,008 | €23,444 | -€2,563 | -9.9% |
| Operating profit (loss) | 9901 | €7,658 | €4,080 | -€3,578 | -46.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,782 | €2,367 | -€414 | -14.9% |
| Recurring financial charges | 65 | €2,782 | €2,367 | -€414 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €4,877 | €1,713 | -€3,164 | -64.9% |
| Income taxes | 67/77 | €2,609 | €1,370 | -€1,240 | -47.5% |
| Profit (loss) for the period | 9904 | €2,268 | €343 | -€1,925 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,268 | €343 | -€1,925 | -84.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.