COPIAS: 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.
COPIAS
Largest movements
- Tangible fixed assets -€103,430
down €103,430 (-13.4%), from €771,867 to €668,437
of which Land and buildings: -€70,244
- Receivables within one year -€56,427
down €56,427 (-37.1%), from €152,039 to €95,612
of which Trade receivables: -€38,070
- Financial fixed assets +€35,000
up €35,000 (+11.4%), from €306,791 to €341,791
- Deferred charges and accrued income +€26,735
up €26,735 (+234.0%), from €11,425 to €38,160
- Debts after one year -€83,091
down €83,091 (-24.6%), from €337,317 to €254,226
- Other debts -€65,777
down €65,777 (-21.1%), from €312,384 to €246,607
- Reserves +€42,688
up €42,688 (+7.5%), from €566,456 to €609,144
of which Distributable reserves: +€42,688
- Financial income -€23,975
down €23,975 (-87.9%), from €27,267 to €3,292
- Gross operating margin +€15,404
up €15,404 (+6.0%), from €254,867 to €270,271
- Financial charges -€12,140
down €12,140 (-26.2%), from €46,385 to €34,245
- Depreciation +€5,164
up €5,164 (+4.9%), from €105,020 to €110,184
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 | €1,417,625 | €1,306,931 | -€110,694 | -7.8% |
| Fixed assets | 21/28 | €1,079,923 | €1,011,201 | -€68,722 | -6.4% |
| Intangible fixed assets | 21 | €1,266 | €974 | -€292 | -23.1% |
| Tangible fixed assets | 22/27 | €771,867 | €668,437 | -€103,430 | -13.4% |
| Land and buildings | 22 | €615,960 | €545,716 | -€70,244 | -11.4% |
| Plant, machinery and equipment | 23 | €21,039 | €15,108 | -€5,931 | -28.2% |
| Furniture and vehicles | 24 | €129,768 | €102,513 | -€27,255 | -21.0% |
| Other tangible fixed assets | 26 | €5,100 | €5,100 | = | 0.0% |
| Financial fixed assets | 28 | €306,791 | €341,791 | +€35,000 | +11.4% |
| Current assets | 29/58 | €337,702 | €295,730 | -€41,972 | -12.4% |
| Amounts receivable within one year | 40/41 | €152,039 | €95,612 | -€56,427 | -37.1% |
| Trade receivables | 40 | €71,328 | €33,258 | -€38,070 | -53.4% |
| Other amounts receivable | 41 | €80,711 | €62,354 | -€18,357 | -22.7% |
| Cash at bank and in hand | 54/58 | €174,238 | €161,957 | -€12,280 | -7.0% |
| Deferred charges and accrued income | 490/1 | €11,425 | €38,160 | +€26,735 | +234.0% |
| Total equity and liabilities | 10/49 | €1,417,625 | €1,306,931 | -€110,694 | -7.8% |
| Equity | 10/15 | €616,456 | €659,144 | +€42,688 | +6.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €566,456 | €609,144 | +€42,688 | +7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €566,456 | €609,144 | +€42,688 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €801,169 | €647,787 | -€153,382 | -19.1% |
| Amounts payable after more than one year | 17 | €337,317 | €254,226 | -€83,091 | -24.6% |
| Financial debts | 170/4 | €337,317 | €254,226 | -€83,091 | -24.6% |
| Amounts payable within one year | 42/48 | €434,085 | €369,715 | -€64,370 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €81,256 | €83,091 | +€1,835 | +2.3% |
| Financial debts | 43 | €1,054 | €519 | -€535 | -50.8% |
| Credit institutions | 430/8 | €1,054 | €519 | -€535 | -50.8% |
| Trade debts | 44 | €18,836 | €16,648 | -€2,188 | -11.6% |
| Suppliers | 440/4 | €18,836 | €16,648 | -€2,188 | -11.6% |
| Taxes, remuneration and social security | 45 | €20,554 | €22,849 | +€2,295 | +11.2% |
| Taxes | 450/3 | €9,444 | €8,450 | -€994 | -10.5% |
| Remuneration and social security | 454/9 | €11,110 | €14,400 | +€3,289 | +29.6% |
| Other amounts payable | 47/48 | €312,384 | €246,607 | -€65,777 | -21.1% |
| Accrued charges and deferred income | 492/3 | €29,767 | €23,847 | -€5,921 | -19.9% |
| Non-recurring operating income | 76A | €2,599 | €0 | -€2,599 | -100.0% |
| Remuneration, social security and pensions | 62 | €55,373 | €56,835 | +€1,462 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,020 | €110,184 | +€5,164 | +4.9% |
| Other operating charges | 640/8 | €7,288 | €7,098 | -€190 | -2.6% |
| Gross operating margin | 9900 | €254,867 | €270,271 | +€15,404 | +6.0% |
| Operating profit (loss) | 9901 | €87,186 | €96,154 | +€8,968 | +10.3% |
| Financial income | 75/76B | €27,267 | €3,292 | -€23,975 | -87.9% |
| Recurring financial income | 75 | €27,267 | €3,292 | -€23,975 | -87.9% |
| Financial charges | 65/66B | €46,385 | €34,245 | -€12,140 | -26.2% |
| Recurring financial charges | 65 | €46,385 | €34,245 | -€12,140 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €68,068 | €65,201 | -€2,867 | -4.2% |
| Income taxes | 67/77 | €20,009 | €22,513 | +€2,504 | +12.5% |
| Profit (loss) for the period | 9904 | €48,059 | €42,688 | -€5,371 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,059 | €42,688 | -€5,371 | -11.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.