Copilot Consulting: 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.
Copilot Consulting
Largest movements
- Receivables within one year +€67,344
up €67,344 (+48.7%), from €138,165 to €205,509
- Cash -€62,278
down €62,278 (-48.9%), from €127,355 to €65,077
mainly Other debts (-€243,952) and Receivables within one year (-€67,344)
- Tangible fixed assets -€28,136
down €28,136 (-3.9%), from €719,793 to €691,656
of which Land and buildings: -€36,423
- Other debts -€243,952
down €243,952 (-55.4%), from €439,974 to €196,021
- Reserves +€175,000
up €175,000 (+46.9%), from €373,100 to €548,100
- Tax, wage and social debts +€48,802
up €48,802 (+86.9%), from €56,132 to €104,934
- Trade debts +€18,825
up €18,825 (+112.6%), from €16,715 to €35,541
- Current portion of long-term debt -€16,667
no longer reported in 2025 (was €16,667)
- Gross operating margin +€61,777
up €61,777 (+18.5%), from €334,558 to €396,335
- Taxes +€34,816
up €34,816 (+52.4%), from €66,470 to €101,286
- Financial charges -€33,564
down €33,564 (-63.7%), from €52,661 to €19,097
- Depreciation +€5,416
up €5,416 (+12.8%), from €42,260 to €47,677
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 | €988,358 | €970,250 | -€18,108 | -1.8% |
| Fixed assets | 21/28 | €720,346 | €692,209 | -€28,136 | -3.9% |
| Tangible fixed assets | 22/27 | €719,793 | €691,656 | -€28,136 | -3.9% |
| Land and buildings | 22 | €685,108 | €648,685 | -€36,423 | -5.3% |
| Furniture and vehicles | 24 | €20,542 | €18,622 | -€1,920 | -9.3% |
| Other tangible fixed assets | 26 | €14,143 | €24,349 | +€10,206 | +72.2% |
| Financial fixed assets | 28 | €553 | €553 | = | 0.0% |
| Current assets | 29/58 | €268,012 | €278,041 | +€10,029 | +3.7% |
| Amounts receivable within one year | 40/41 | €138,165 | €205,509 | +€67,344 | +48.7% |
| Trade receivables | 40 | €138,165 | €205,509 | +€67,344 | +48.7% |
| Cash at bank and in hand | 54/58 | €127,355 | €65,077 | -€62,278 | -48.9% |
| Deferred charges and accrued income | 490/1 | €2,492 | €7,455 | +€4,963 | +199.1% |
| Total equity and liabilities | 10/49 | €988,358 | €970,250 | -€18,108 | -1.8% |
| Equity | 10/15 | €458,870 | €633,754 | +€174,884 | +38.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €373,100 | €548,100 | +€175,000 | +46.9% |
| Distributable reserves | 133 | €373,100 | €548,100 | +€175,000 | +46.9% |
| Profit (loss) carried forward | 14 | €770 | €654 | -€116 | -15.1% |
| Amounts payable | 17/49 | €529,487 | €336,496 | -€192,991 | -36.4% |
| Amounts payable within one year | 42/48 | €529,487 | €336,496 | -€192,991 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | - | -€16,667 | |
| Trade debts | 44 | €16,715 | €35,541 | +€18,825 | +112.6% |
| Suppliers | 440/4 | €16,715 | €35,541 | +€18,825 | +112.6% |
| Taxes, remuneration and social security | 45 | €56,132 | €104,934 | +€48,802 | +86.9% |
| Taxes | 450/3 | €56,132 | €104,934 | +€48,802 | +86.9% |
| Other amounts payable | 47/48 | €439,974 | €196,021 | -€243,952 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,260 | €47,677 | +€5,416 | +12.8% |
| Other operating charges | 640/8 | €6,805 | €6,944 | +€139 | +2.0% |
| Gross operating margin | 9900 | €334,558 | €396,335 | +€61,777 | +18.5% |
| Operating profit (loss) | 9901 | €285,492 | €341,714 | +€56,222 | +19.7% |
| Financial income | 75/76B | €73 | €956 | +€883 | +1210.4% |
| Recurring financial income | 75 | €73 | €956 | +€883 | +1210.4% |
| Financial charges | 65/66B | €52,661 | €19,097 | -€33,564 | -63.7% |
| Recurring financial charges | 65 | €52,661 | €19,097 | -€33,564 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €232,904 | €323,573 | +€90,669 | +38.9% |
| Income taxes | 67/77 | €66,470 | €101,286 | +€34,816 | +52.4% |
| Profit (loss) for the period | 9904 | €166,434 | €222,286 | +€55,853 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €166,434 | €222,286 | +€55,853 | +33.6% |
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 8 October 2026 via checked.be.