COPI: 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.
COPI
Largest movements
- Receivables within one year +€40,809
up €40,809 (+109.1%), from €37,407 to €78,216
of which Other amounts receivable: +€28,010
- Cash +€6,140
up €6,140 (+21.8%), from €28,111 to €34,252
mainly Net result for the year (+€40,897) and Depreciation (+€14,650)
- Reserves +€40,884
up €40,884 (+23.7%), from €172,227 to €213,111
of which Distributable reserves: +€43,100
- Tax, wage and social debts +€9,414
up €9,414 (+35.3%), from €26,650 to €36,064
of which Taxes: +€8,535
- Gross operating margin +€30,036
up €30,036 (+37.3%), from €80,530 to €110,567
- Taxes +€9,423
up €9,423 (+68.8%), from €13,696 to €23,119
- Staff costs +€3,998
up €3,998 (+13.6%), from €29,359 to €33,358
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 | €323,221 | €372,621 | +€49,400 | +15.3% |
| Fixed assets | 21/28 | €255,831 | €257,703 | +€1,872 | +0.7% |
| Tangible fixed assets | 22/27 | €255,831 | €257,703 | +€1,872 | +0.7% |
| Land and buildings | 22 | €232,283 | €238,191 | +€5,908 | +2.5% |
| Plant, machinery and equipment | 23 | €23,548 | €19,512 | -€4,036 | -17.1% |
| Current assets | 29/58 | €67,390 | €114,918 | +€47,528 | +70.5% |
| Amounts receivable within one year | 40/41 | €37,407 | €78,216 | +€40,809 | +109.1% |
| Trade receivables | 40 | €17,669 | €30,468 | +€12,799 | +72.4% |
| Other amounts receivable | 41 | €19,738 | €47,748 | +€28,010 | +141.9% |
| Cash at bank and in hand | 54/58 | €28,111 | €34,252 | +€6,140 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,872 | €2,450 | +€578 | +30.9% |
| Total equity and liabilities | 10/49 | €323,221 | €372,621 | +€49,400 | +15.3% |
| Equity | 10/15 | €252,729 | €293,626 | +€40,897 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,227 | €213,111 | +€40,884 | +23.7% |
| Tax-exempt reserves | 132 | €63,515 | €61,299 | -€2,216 | -3.5% |
| Distributable reserves | 133 | €108,712 | €151,812 | +€43,100 | +39.6% |
| Profit (loss) carried forward | 14 | €61,902 | €61,915 | +€13 | 0.0% |
| Provisions and deferred taxes | 16 | €41,619 | €40,478 | -€1,141 | -2.7% |
| Provisions for liabilities and charges | 160/5 | €23,121 | €23,121 | = | 0.0% |
| Pensions and similar obligations | 160 | €23,121 | €23,121 | = | 0.0% |
| Deferred taxes | 168 | €18,498 | €17,357 | -€1,141 | -6.2% |
| Amounts payable | 17/49 | €28,873 | €38,518 | +€9,644 | +33.4% |
| Amounts payable within one year | 42/48 | €28,873 | €38,518 | +€9,644 | +33.4% |
| Trade debts | 44 | €2,224 | €2,454 | +€230 | +10.3% |
| Suppliers | 440/4 | €2,224 | €2,454 | +€230 | +10.3% |
| Taxes, remuneration and social security | 45 | €26,650 | €36,064 | +€9,414 | +35.3% |
| Taxes | 450/3 | €19,559 | €28,095 | +€8,535 | +43.6% |
| Remuneration and social security | 454/9 | €7,090 | €7,969 | +€879 | +12.4% |
| Non-recurring operating income | 76A | - | €32,500 | +€32,500 | |
| Remuneration, social security and pensions | 62 | €29,359 | €33,358 | +€3,998 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,997 | €14,650 | -€347 | -2.3% |
| Other operating charges | 640/8 | €913 | €712 | -€201 | -22.1% |
| Gross operating margin | 9900 | €80,530 | €110,567 | +€30,036 | +37.3% |
| Operating profit (loss) | 9901 | €35,261 | €61,847 | +€26,587 | +75.4% |
| Financial income | 75/76B | €249 | €1,097 | +€848 | +340.7% |
| Recurring financial income | 75 | €249 | €1,097 | +€848 | +340.7% |
| Financial charges | 65/66B | €66 | €69 | +€3 | +4.4% |
| Recurring financial charges | 65 | €66 | €69 | +€3 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €35,443 | €62,875 | +€27,432 | +77.4% |
| Transfer from deferred taxes | 780 | €1,141 | €1,141 | = | 0.0% |
| Income taxes | 67/77 | €13,696 | €23,119 | +€9,423 | +68.8% |
| Profit (loss) for the period | 9904 | €22,888 | €40,897 | +€18,009 | +78.7% |
| Transfer from tax-exempt reserves | 789 | €2,216 | €2,216 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,104 | €43,113 | +€18,009 | +71.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.