COPIE CONFORME: 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.
COPIE CONFORME
Largest movements
- Tangible fixed assets +€55,345
up €55,345 (+24.4%), from €227,158 to €282,503
of which Furniture and vehicles: +€54,863
- Cash +€23,360
up €23,360 (+20.9%), from €111,792 to €135,151
mainly Depreciation (+€77,443) and Debts after one year (+€26,777)
- Stocks and contracts -€6,092
down €6,092 (-7.0%), from €86,979 to €80,887
- Debts after one year +€26,777
up €26,777 (+20.4%), from €131,430 to €158,208
- Current portion of long-term debt +€19,515
up €19,515 (+65.3%), from €29,870 to €49,385
- Reserves +€15,951
up €15,951 (+10.5%), from €152,392 to €168,343
- Other debts +€7,027
up €7,027 (+7.4%), from €94,530 to €101,557
- Tax, wage and social debts +€6,329
up €6,329 (+12.1%), from €52,280 to €58,609
of which Taxes: +€4,242
- Gross operating margin +€37,728
up €37,728 (+16.3%), from €231,037 to €268,765
- Depreciation +€19,000
up €19,000 (+32.5%), from €58,443 to €77,443
- Financial charges +€7,097
up €7,097 (+66.6%), from €10,651 to €17,749
- Provisions -€5,594
no longer reported in 2025 (was €5,594)
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 | €534,192 | €606,898 | +€72,705 | +13.6% |
| Fixed assets | 21/28 | €227,964 | €282,944 | +€54,979 | +24.1% |
| Intangible fixed assets | 21 | €506 | €140 | -€366 | -72.3% |
| Tangible fixed assets | 22/27 | €227,158 | €282,503 | +€55,345 | +24.4% |
| Plant, machinery and equipment | 23 | €36,204 | €28,477 | -€7,727 | -21.3% |
| Furniture and vehicles | 24 | €78,943 | €133,806 | +€54,863 | +69.5% |
| Leasing and similar rights | 25 | €65,678 | €80,440 | +€14,762 | +22.5% |
| Other tangible fixed assets | 26 | €46,332 | €39,780 | -€6,552 | -14.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €306,228 | €323,954 | +€17,726 | +5.8% |
| Stocks and contracts in progress | 3 | €86,979 | €80,887 | -€6,092 | -7.0% |
| Stocks | 30/36 | €86,979 | €80,887 | -€6,092 | -7.0% |
| Amounts receivable within one year | 40/41 | €95,750 | €94,153 | -€1,597 | -1.7% |
| Trade receivables | 40 | €86,549 | €83,666 | -€2,883 | -3.3% |
| Other amounts receivable | 41 | €9,201 | €10,487 | +€1,286 | +14.0% |
| Cash at bank and in hand | 54/58 | €111,792 | €135,151 | +€23,360 | +20.9% |
| Deferred charges and accrued income | 490/1 | €11,708 | €13,763 | +€2,055 | +17.6% |
| Total equity and liabilities | 10/49 | €534,192 | €606,898 | +€72,705 | +13.6% |
| Equity | 10/15 | €194,758 | €210,709 | +€15,951 | +8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €152,392 | €168,343 | +€15,951 | +10.5% |
| Distributable reserves | 133 | €152,392 | €168,343 | +€15,951 | +10.5% |
| Profit (loss) carried forward | 14 | €29,966 | €29,966 | = | 0.0% |
| Amounts payable | 17/49 | €339,434 | €396,189 | +€56,755 | +16.7% |
| Amounts payable after more than one year | 17 | €131,430 | €158,208 | +€26,777 | +20.4% |
| Financial debts | 170/4 | €131,430 | €158,208 | +€26,777 | +20.4% |
| Amounts payable within one year | 42/48 | €206,305 | €237,981 | +€31,676 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €29,870 | €49,385 | +€19,515 | +65.3% |
| Trade debts | 44 | €29,626 | €28,430 | -€1,195 | -4.0% |
| Suppliers | 440/4 | €29,626 | €28,430 | -€1,195 | -4.0% |
| Taxes, remuneration and social security | 45 | €52,280 | €58,609 | +€6,329 | +12.1% |
| Taxes | 450/3 | €10,028 | €14,269 | +€4,242 | +42.3% |
| Remuneration and social security | 454/9 | €42,252 | €44,340 | +€2,088 | +4.9% |
| Other amounts payable | 47/48 | €94,530 | €101,557 | +€7,027 | +7.4% |
| Accrued charges and deferred income | 492/3 | €1,698 | - | -€1,698 | |
| Non-recurring operating income | 76A | €2,413 | €44,154 | +€41,740 | +1729.7% |
| Remuneration, social security and pensions | 62 | €153,080 | €153,822 | +€742 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,443 | €77,443 | +€19,000 | +32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €37 | +€37 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,594 | - | -€5,594 | |
| Other operating charges | 640/8 | €1,066 | €1,365 | +€300 | +28.1% |
| Non-recurring operating charges | 66A | - | €6,757 | +€6,757 | |
| Gross operating margin | 9900 | €231,037 | €268,765 | +€37,728 | +16.3% |
| Operating profit (loss) | 9901 | €12,855 | €29,341 | +€16,487 | +128.3% |
| Financial income | 75/76B | €4,226 | €5,953 | +€1,727 | +40.9% |
| Recurring financial income | 75 | €4,226 | €5,953 | +€1,727 | +40.9% |
| Financial charges | 65/66B | €10,651 | €17,749 | +€7,097 | +66.6% |
| Recurring financial charges | 65 | €10,651 | €17,749 | +€7,097 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €6,429 | €17,546 | +€11,117 | +172.9% |
| Income taxes | 67/77 | €985 | €1,595 | +€610 | +61.9% |
| Profit (loss) for the period | 9904 | €5,444 | €15,951 | +€10,507 | +193.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,444 | €15,951 | +€10,507 | +193.0% |
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 10 October 2026 via checked.be.