COPIBOIS: 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.
COPIBOIS
Largest movements
- Receivables within one year +€43,653
up €43,653 (+181%), from €24,119 to €67,772
of which Trade receivables: +€43,661
- Tangible fixed assets +€33,995
up €33,995 (+15.6%), from €217,486 to €251,481
of which Land and buildings: +€31,889
- Cash -€18,342
down €18,342 (-66.5%), from €27,577 to €9,236
mainly Investment in fixed assets (net) (-€82,890) and Receivables within one year (-€43,653)
- Reserves +€36,001
up €36,001 (+24.4%), from €147,545 to €183,546
of which Distributable reserves: +€36,001
- Debts after one year -€19,046
down €19,046 (-41.4%), from €46,000 to €26,954
- Tax, wage and social debts +€17,268
up €17,268 (+212%), from €8,139 to €25,408
- Current portion of long-term debt +€14,874
up €14,874 (+53.1%), from €28,000 to €42,874
- Other debts +€13,848
up €13,848 (+73.4%), from €18,863 to €32,711
- Gross operating margin +€41,475
up €41,475 (+60.4%), from €68,703 to €110,178
- Taxes +€11,671
up €11,671 (+227%), from €5,147 to €16,818
- Depreciation +€6,201
up €6,201 (+14.5%), from €42,694 to €48,895
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.
Derived cash bridge
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 | €270,957 | €331,565 | +€60,608 | +22.4% |
| Fixed assets | 21/28 | €218,391 | €252,386 | +€33,995 | +15.6% |
| Tangible fixed assets | 22/27 | €217,486 | €251,481 | +€33,995 | +15.6% |
| Land and buildings | 22 | €129,014 | €160,903 | +€31,889 | +24.7% |
| Plant, machinery and equipment | 23 | €9,526 | €13,098 | +€3,572 | +37.5% |
| Furniture and vehicles | 24 | €78,947 | €77,480 | -€1,466 | -1.9% |
| Financial fixed assets | 28 | €905 | €905 | = | 0.0% |
| Current assets | 29/58 | €52,566 | €79,179 | +€26,613 | +50.6% |
| Amounts receivable within one year | 40/41 | €24,119 | €67,772 | +€43,653 | +181% |
| Trade receivables | 40 | €24,111 | €67,772 | +€43,661 | +181% |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €27,577 | €9,236 | -€18,342 | -66.5% |
| Deferred charges and accrued income | 490/1 | €869 | €2,171 | +€1,302 | +150% |
| Total equity and liabilities | 10/49 | €270,957 | €331,565 | +€60,608 | +22.4% |
| Equity | 10/15 | €153,745 | €189,746 | +€36,001 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,545 | €183,546 | +€36,001 | +24.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,685 | €181,686 | +€36,001 | +24.7% |
| Amounts payable | 17/49 | €117,211 | €141,819 | +€24,607 | +21.0% |
| Amounts payable after more than one year | 17 | €46,000 | €26,954 | -€19,046 | -41.4% |
| Financial debts | 170/4 | €46,000 | €26,954 | -€19,046 | -41.4% |
| Amounts payable within one year | 42/48 | €71,211 | €114,865 | +€43,654 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €28,000 | €42,874 | +€14,874 | +53.1% |
| Trade debts | 44 | €16,209 | €13,872 | -€2,337 | -14.4% |
| Suppliers | 440/4 | €16,209 | €13,872 | -€2,337 | -14.4% |
| Taxes, remuneration and social security | 45 | €8,139 | €25,408 | +€17,268 | +212% |
| Taxes | 450/3 | €8,139 | €25,408 | +€17,268 | +212% |
| Other amounts payable | 47/48 | €18,863 | €32,711 | +€13,848 | +73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,694 | €48,895 | +€6,201 | +14.5% |
| Other operating charges | 640/8 | €1,682 | €1,738 | +€55 | +3.3% |
| Gross operating margin | 9900 | €68,703 | €110,178 | +€41,475 | +60.4% |
| Operating profit (loss) | 9901 | €24,327 | €59,545 | +€35,218 | +145% |
| Financial income | 75/76B | €0 | €54 | +€54 | +33,650% |
| Recurring financial income | 75 | €0 | €54 | +€54 | +33,650% |
| Financial charges | 65/66B | €6,521 | €6,780 | +€259 | +4.0% |
| Recurring financial charges | 65 | €6,521 | €6,780 | +€259 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €17,806 | €52,819 | +€35,014 | +197% |
| Income taxes | 67/77 | €5,147 | €16,818 | +€11,671 | +227% |
| Profit (loss) for the period | 9904 | €12,659 | €36,001 | +€23,342 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €12,659 | €36,001 | +€23,342 | +184% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.