COPHY: 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.
COPHY
Largest movements
- Receivables within one year -€13,691
no longer reported in 2025 (was €13,691)
- Cash -€595
no longer reported in 2025 (was €595)
mainly Other debts (-€12,780) and Net result for the year (-€1,339)
- Other debts -€12,780
down €12,780 (-45.0%), from €28,406 to €15,626
- Profit (loss) carried forward -€1,339
down €1,339 (-3.9%), from -€34,747 to -€36,086
- Tax, wage and social debts -€253
no longer reported in 2025 (was €253)
- Other operating charges +€1,041
new in 2025: €1,041
- Gross operating margin -€297
new in 2025: -€297
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €14,372 | - | -€14,372 | |
| Current assets | 29/58 | €14,372 | - | -€14,372 | |
| Amounts receivable within one year | 40/41 | €13,691 | - | -€13,691 | |
| Trade receivables | 40 | €13,691 | - | -€13,691 | |
| Cash at bank and in hand | 54/58 | €595 | - | -€595 | |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €14,372 | €0 | -€14,372 | -100.0% |
| Equity | 10/15 | -€14,287 | -€15,626 | -€1,339 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,747 | -€36,086 | -€1,339 | -3.9% |
| Amounts payable | 17/49 | €28,659 | €15,626 | -€13,033 | -45.5% |
| Amounts payable within one year | 42/48 | €28,659 | €15,626 | -€13,033 | -45.5% |
| Taxes, remuneration and social security | 45 | €253 | - | -€253 | |
| Taxes | 450/3 | €253 | - | -€253 | |
| Other amounts payable | 47/48 | €28,406 | €15,626 | -€12,780 | -45.0% |
| Other operating charges | 640/8 | - | €1,041 | +€1,041 | |
| Gross operating margin | 9900 | - | -€297 | -€297 | |
| Operating profit (loss) | 9901 | - | -€1,338 | -€1,338 | |
| Profit (loss) for the period before taxes | 9903 | - | -€1,338 | -€1,338 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | - | -€1,339 | -€1,339 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€1,339 | -€1,339 |
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 6 October 2026 via checked.be.