CoPhinance: 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.
CoPhinance
Largest movements
- Receivables within one year +€26,541
up €26,541 (+123%), from €21,556 to €48,098
of which Trade receivables: +€32,065
- Tangible fixed assets -€14,851
down €14,851 (-43.3%), from €34,294 to €19,443
of which Furniture and vehicles: -€13,807
- Reserves +€16,931
up €16,931 (+4.2%), from €402,857 to €419,788
- Gross operating margin +€12,846
up €12,846 (+11.4%), from €112,617 to €125,463
- Taxes +€3,774
up €3,774 (+12.9%), from €29,314 to €33,087
- Financial income -€3,012
down €3,012 (-39.4%), from €7,653 to €4,641
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,348 | €502,143 | +€10,795 | +2.2% |
| Fixed assets | 21/28 | €34,443 | €19,592 | -€14,851 | -43.1% |
| Tangible fixed assets | 22/27 | €34,294 | €19,443 | -€14,851 | -43.3% |
| Furniture and vehicles | 24 | €28,882 | €15,075 | -€13,807 | -47.8% |
| Other tangible fixed assets | 26 | €5,412 | €4,368 | -€1,045 | -19.3% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €456,905 | €482,552 | +€25,647 | +5.6% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,556 | €48,098 | +€26,541 | +123% |
| Trade receivables | 40 | €16,033 | €48,098 | +€32,065 | +200% |
| Other amounts receivable | 41 | €5,524 | - | -€5,524 | |
| Cash at bank and in hand | 54/58 | €258,346 | €257,911 | -€435 | -0.2% |
| Deferred charges and accrued income | 490/1 | €2,002 | €1,543 | -€460 | -22.9% |
| Total equity and liabilities | 10/49 | €491,348 | €502,143 | +€10,795 | +2.2% |
| Equity | 10/15 | €409,119 | €426,050 | +€16,931 | +4.1% |
| Contributions | 10/11 | €6,262 | €6,262 | = | 0.0% |
| Reserves | 13 | €402,857 | €419,788 | +€16,931 | +4.2% |
| Distributable reserves | 133 | €402,857 | €419,788 | +€16,931 | +4.2% |
| Amounts payable | 17/49 | €82,229 | €76,093 | -€6,136 | -7.5% |
| Amounts payable within one year | 42/48 | €82,229 | €76,093 | -€6,136 | -7.5% |
| Trade debts | 44 | €6,084 | €2,628 | -€3,455 | -56.8% |
| Suppliers | 440/4 | €6,084 | €2,628 | -€3,455 | -56.8% |
| Taxes, remuneration and social security | 45 | €15,267 | €10,253 | -€5,014 | -32.8% |
| Taxes | 450/3 | €15,267 | €10,253 | -€5,014 | -32.8% |
| Other amounts payable | 47/48 | €60,878 | €63,211 | +€2,333 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,885 | €14,600 | -€286 | -1.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €112,617 | €125,463 | +€12,846 | +11.4% |
| Operating profit (loss) | 9901 | €97,345 | €110,464 | +€13,119 | +13.5% |
| Financial income | 75/76B | €7,653 | €4,641 | -€3,012 | -39.4% |
| Recurring financial income | 75 | €7,653 | €4,641 | -€3,012 | -39.4% |
| Financial charges | 65/66B | €218 | €118 | -€100 | -45.8% |
| Recurring financial charges | 65 | €218 | €118 | -€100 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €104,780 | €114,987 | +€10,207 | +9.7% |
| Income taxes | 67/77 | €29,314 | €33,087 | +€3,774 | +12.9% |
| Profit (loss) for the period | 9904 | €75,466 | €81,899 | +€6,433 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,466 | €81,899 | +€6,433 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.