Copharelle: what changed
Copharelle
Largest movements
- Receivables within one year -€27,929
down €27,929 (-66.6%), from €41,943 to €14,015
of which Trade receivables: -€21,755
- Reserves +€116,928
up €116,928 (+51.9%), from €225,267 to €342,195
- Profit (loss) carried forward -€90,000
down €90,000 (-94.7%), from €95,009 to €5,009
- Debts after one year -€51,478
down €51,478 (-12.9%), from €398,612 to €347,134
- Other debts -€16,393
down €16,393 (-33.7%), from €48,667 to €32,274
- Trade debts +€13,488
up €13,488 (+137%), from €9,841 to €23,329
- Financial income -€24,985
down €24,985 (-99.7%), from €25,053 to €68
- Taxes +€2,601
up €2,601 (+24.9%), from €10,430 to €13,031
- Gross operating margin -€857
down €857 (-1.8%), from €47,913 to €47,057
- Financial charges -€727
down €727 (-10.9%), from €6,657 to €5,930
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €862,972 | €839,389 | -€23,583 | -2.7% |
| Fixed assets | 21/28 | €813,000 | €813,000 | = | 0.0% |
| Financial fixed assets | 28 | €813,000 | €813,000 | = | 0.0% |
| Current assets | 29/58 | €49,972 | €26,389 | -€23,583 | -47.2% |
| Amounts receivable within one year | 40/41 | €41,943 | €14,015 | -€27,929 | -66.6% |
| Trade receivables | 40 | €33,780 | €12,025 | -€21,755 | -64.4% |
| Other amounts receivable | 41 | €8,163 | €1,990 | -€6,173 | -75.6% |
| Cash at bank and in hand | 54/58 | €8,029 | €12,374 | +€4,345 | +54.1% |
| Total equity and liabilities | 10/49 | €862,972 | €839,389 | -€23,583 | -2.7% |
| Equity | 10/15 | €345,275 | €372,203 | +€26,928 | +7.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €225,267 | €342,195 | +€116,928 | +51.9% |
| Distributable reserves | 133 | €225,267 | €342,195 | +€116,928 | +51.9% |
| Profit (loss) carried forward | 14 | €95,009 | €5,009 | -€90,000 | -94.7% |
| Amounts payable | 17/49 | €517,696 | €467,185 | -€50,511 | -9.8% |
| Amounts payable after more than one year | 17 | €398,612 | €347,134 | -€51,478 | -12.9% |
| Financial debts | 170/4 | €398,612 | €347,134 | -€51,478 | -12.9% |
| Amounts payable within one year | 42/48 | €114,429 | €114,737 | +€308 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €50,712 | €51,478 | +€766 | +1.5% |
| Trade debts | 44 | €9,841 | €23,329 | +€13,488 | +137% |
| Suppliers | 440/4 | €9,841 | €23,329 | +€13,488 | +137% |
| Taxes, remuneration and social security | 45 | €5,209 | €7,656 | +€2,447 | +47.0% |
| Taxes | 450/3 | €5,209 | €5,656 | +€447 | +8.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €48,667 | €32,274 | -€16,393 | -33.7% |
| Accrued charges and deferred income | 492/3 | €4,656 | €5,315 | +€659 | +14.2% |
| Other operating charges | 640/8 | €1,479 | €1,236 | -€243 | -16.4% |
| Gross operating margin | 9900 | €47,913 | €47,057 | -€857 | -1.8% |
| Operating profit (loss) | 9901 | €46,434 | €45,821 | -€614 | -1.3% |
| Financial income | 75/76B | €25,053 | €68 | -€24,985 | -99.7% |
| Recurring financial income | 75 | €25,053 | €68 | -€24,985 | -99.7% |
| Financial charges | 65/66B | €6,657 | €5,930 | -€727 | -10.9% |
| Recurring financial charges | 65 | €6,657 | €5,930 | -€727 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €64,830 | €39,958 | -€24,872 | -38.4% |
| Income taxes | 67/77 | €10,430 | €13,031 | +€2,601 | +24.9% |
| Profit (loss) for the period | 9904 | €54,400 | €26,928 | -€27,473 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,400 | €26,928 | -€27,473 | -50.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.