COPIC: 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.
COPIC
Largest movements
- Tangible fixed assets +€8,487
up €8,487 (+1960.5%), from €433 to €8,920
- Receivables within one year +€1,184
up €1,184 (+2466.1%), from €48 to €1,232
of which Other amounts receivable: +€941
- Stocks and contracts +€895
up €895 (+9.0%), from €10,000 to €10,895
- Cash -€488
down €488 (-11.7%), from €4,177 to €3,689
mainly Investment in fixed assets (net) (-€10,579) and Receivables within one year (-€1,184)
- Debts after one year +€4,774
new in 2025: €4,774
- Short-term financial debts +€4,253
new in 2025: €4,253
- Tax, wage and social debts +€1,454
up €1,454 (+28.2%), from €5,163 to €6,616
of which Remuneration and social security: +€1,752
- Trade debts -€895
down €895 (-18.9%), from €4,726 to €3,831
- Profit (loss) carried forward +€470
up €470 (+300.7%), from €156 to €626
- Gross operating margin +€15,104
up €15,104 (+68.1%), from €22,168 to €37,273
- Staff costs +€11,378
up €11,378 (+52.8%), from €21,530 to €32,908
- Depreciation +€2,007
up €2,007 (+2379.6%), from €84 to €2,091
- Taxes +€587
new in 2025: €587
- Financial charges +€462
up €462 (+4360.5%), from €11 to €472
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 | €14,658 | €24,871 | +€10,214 | +69.7% |
| Fixed assets | 21/28 | €433 | €8,920 | +€8,487 | +1960.5% |
| Tangible fixed assets | 22/27 | €433 | €8,920 | +€8,487 | +1960.5% |
| Furniture and vehicles | 24 | €433 | €8,920 | +€8,487 | +1960.5% |
| Current assets | 29/58 | €14,225 | €15,951 | +€1,726 | +12.1% |
| Stocks and contracts in progress | 3 | €10,000 | €10,895 | +€895 | +9.0% |
| Stocks | 30/36 | €10,000 | €10,895 | +€895 | +9.0% |
| Amounts receivable within one year | 40/41 | €48 | €1,232 | +€1,184 | +2466.1% |
| Trade receivables | 40 | €48 | €291 | +€243 | +506.3% |
| Other amounts receivable | 41 | - | €941 | +€941 | |
| Cash at bank and in hand | 54/58 | €4,177 | €3,689 | -€488 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €14,658 | €24,871 | +€10,214 | +69.7% |
| Equity | 10/15 | €3,656 | €4,126 | +€470 | +12.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156 | €626 | +€470 | +300.7% |
| Amounts payable | 17/49 | €11,001 | €20,745 | +€9,744 | +88.6% |
| Amounts payable after more than one year | 17 | - | €4,774 | +€4,774 | |
| Financial debts | 170/4 | - | €4,774 | +€4,774 | |
| Amounts payable within one year | 42/48 | €11,001 | €15,972 | +€4,970 | +45.2% |
| Financial debts | 43 | - | €4,253 | +€4,253 | |
| Credit institutions | 430/8 | - | €4,253 | +€4,253 | |
| Trade debts | 44 | €4,726 | €3,831 | -€895 | -18.9% |
| Suppliers | 440/4 | €4,726 | €3,831 | -€895 | -18.9% |
| Taxes, remuneration and social security | 45 | €5,163 | €6,616 | +€1,454 | +28.2% |
| Taxes | 450/3 | €664 | €365 | -€299 | -45.0% |
| Remuneration and social security | 454/9 | €4,499 | €6,251 | +€1,752 | +38.9% |
| Other amounts payable | 47/48 | €1,112 | €1,271 | +€159 | +14.3% |
| Remuneration, social security and pensions | 62 | €21,530 | €32,908 | +€11,378 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €2,091 | +€2,007 | +2379.6% |
| Other operating charges | 640/8 | €387 | €744 | +€357 | +92.1% |
| Gross operating margin | 9900 | €22,168 | €37,273 | +€15,104 | +68.1% |
| Operating profit (loss) | 9901 | €167 | €1,529 | +€1,363 | +816.7% |
| Financial charges | 65/66B | €11 | €472 | +€462 | +4360.5% |
| Recurring financial charges | 65 | €11 | €472 | +€462 | +4360.5% |
| Profit (loss) for the period before taxes | 9903 | €156 | €1,057 | +€901 | +576.5% |
| Income taxes | 67/77 | - | €587 | +€587 | |
| Profit (loss) for the period | 9904 | €156 | €470 | +€314 | +200.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156 | €470 | +€314 | +200.7% |
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 7 October 2026 via checked.be.