COPHA: 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.
COPHA
Largest movements
- Cash +€28,358
up €28,358 (+45.8%), from €61,919 to €90,277
mainly Net result for the year (+€36,511) and Investment in fixed assets (net) (+€6,154)
- Tangible fixed assets -€7,617
down €7,617 (-96.4%), from €7,901 to €284
of which Plant, machinery and equipment: -€6,154
- Receivables within one year -€2,341
down €2,341 (-33.1%), from €7,073 to €4,732
of which Other amounts receivable: -€4,178
- Deferred charges and accrued income -€1,879
down €1,879 (-96.2%), from €1,953 to €74
- Profit (loss) carried forward +€36,511
up €36,511 (+144.7%), from €25,232 to €61,743
- Tax, wage and social debts -€15,587
down €15,587 (-66.7%), from €23,353 to €7,766
of which Remuneration and social security: -€8,789
- Trade debts -€4,468
down €4,468 (-39.4%), from €11,334 to €6,866
- Gross operating margin +€57,255
up €57,255 (+54.1%), from €105,903 to €163,158
- Taxes +€14,919
up €14,919 (+2260.0%), from €660 to €15,580
- Staff costs -€6,369
down €6,369 (-5.8%), from €110,174 to €103,806
- Financial income +€2,128
up €2,128 (+152.7%), from €1,393 to €3,521
of which Non-recurring financial income: +€2,352
- Depreciation -€1,960
down €1,960 (-57.3%), from €3,423 to €1,463
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 | €78,846 | €95,367 | +€16,521 | +21.0% |
| Fixed assets | 21/28 | €7,901 | €284 | -€7,617 | -96.4% |
| Tangible fixed assets | 22/27 | €7,901 | €284 | -€7,617 | -96.4% |
| Plant, machinery and equipment | 23 | €6,154 | - | -€6,154 | |
| Furniture and vehicles | 24 | €1,747 | €284 | -€1,463 | -83.8% |
| Current assets | 29/58 | €70,945 | €95,083 | +€24,138 | +34.0% |
| Amounts receivable within one year | 40/41 | €7,073 | €4,732 | -€2,341 | -33.1% |
| Trade receivables | 40 | €2,896 | €4,732 | +€1,837 | +63.4% |
| Other amounts receivable | 41 | €4,178 | - | -€4,178 | |
| Cash at bank and in hand | 54/58 | €61,919 | €90,277 | +€28,358 | +45.8% |
| Deferred charges and accrued income | 490/1 | €1,953 | €74 | -€1,879 | -96.2% |
| Total equity and liabilities | 10/49 | €78,846 | €95,367 | +€16,521 | +21.0% |
| Equity | 10/15 | €43,782 | €80,293 | +€36,511 | +83.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,232 | €61,743 | +€36,511 | +144.7% |
| Amounts payable | 17/49 | €35,064 | €15,074 | -€19,990 | -57.0% |
| Amounts payable within one year | 42/48 | €35,064 | €15,074 | -€19,990 | -57.0% |
| Financial debts | 43 | €27 | €274 | +€247 | +916.0% |
| Credit institutions | 430/8 | €27 | €274 | +€247 | +916.0% |
| Trade debts | 44 | €11,334 | €6,866 | -€4,468 | -39.4% |
| Suppliers | 440/4 | €11,334 | €6,866 | -€4,468 | -39.4% |
| Taxes, remuneration and social security | 45 | €23,353 | €7,766 | -€15,587 | -66.7% |
| Taxes | 450/3 | €9,978 | €3,180 | -€6,797 | -68.1% |
| Remuneration and social security | 454/9 | €13,375 | €4,586 | -€8,789 | -65.7% |
| Other amounts payable | 47/48 | €350 | €168 | -€182 | -52.0% |
| Non-recurring operating income | 76A | - | €2,960 | +€2,960 | |
| Remuneration, social security and pensions | 62 | €110,174 | €103,806 | -€6,369 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,423 | €1,463 | -€1,960 | -57.3% |
| Other operating charges | 640/8 | €1,138 | €931 | -€207 | -18.2% |
| Non-recurring operating charges | 66A | - | €6,154 | +€6,154 | |
| Gross operating margin | 9900 | €105,903 | €163,158 | +€57,255 | +54.1% |
| Operating profit (loss) | 9901 | -€8,832 | €50,804 | +€59,637 | |
| Financial income | 75/76B | €1,393 | €3,521 | +€2,128 | +152.7% |
| Recurring financial income | 75 | €758 | €534 | -€224 | -29.5% |
| Non-recurring financial income | 76B | €635 | €2,986 | +€2,352 | +370.4% |
| Financial charges | 65/66B | €283 | €2,234 | +€1,951 | +688.7% |
| Recurring financial charges | 65 | €160 | €1,958 | +€1,798 | +1124.2% |
| Non-recurring financial charges | 66B | €123 | €277 | +€153 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,723 | €52,091 | +€59,813 | |
| Income taxes | 67/77 | €660 | €15,580 | +€14,919 | +2260.0% |
| Profit (loss) for the period | 9904 | -€8,383 | €36,511 | +€44,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,383 | €36,511 | +€44,894 |
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 8 October 2026 via checked.be.