Copines: 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.
Copines
Largest movements
- Cash +€150,848
up €150,848 (+8505.8%), from €1,773 to €152,622
mainly Net result for the year (+€94,856) and Provisions (+€32,671)
- Tangible fixed assets -€35,057
down €35,057 (-13.9%), from €251,588 to €216,531
of which Land and buildings: -€35,057
- Receivables within one year +€19,029
up €19,029 (+14.4%), from €131,797 to €150,825
- Reserves +€96,417
up €96,417 (+157.9%), from €61,060 to €157,476
of which Tax-exempt reserves: +€96,417
- Provisions +€32,671
new in 2025: €32,671
- Other debts +€7,244
up €7,244 (+2.3%), from €310,708 to €317,952
- Gross operating margin +€123,638
up €123,638 (+978.0%), from €12,642 to €136,280
- Other operating charges +€2,489
up €2,489 (+97.7%), from €2,548 to €5,037
- Taxes -€2,000
down €2,000 (-100.0%), from €2,000 to €0
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 | €385,159 | €520,603 | +€135,444 | +35.2% |
| Fixed assets | 21/28 | €251,588 | €216,531 | -€35,057 | -13.9% |
| Tangible fixed assets | 22/27 | €251,588 | €216,531 | -€35,057 | -13.9% |
| Land and buildings | 22 | €251,588 | €216,531 | -€35,057 | -13.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €133,570 | €304,072 | +€170,502 | +127.6% |
| Amounts receivable within one year | 40/41 | €131,797 | €150,825 | +€19,029 | +14.4% |
| Other amounts receivable | 41 | €131,797 | €150,825 | +€19,029 | +14.4% |
| Cash at bank and in hand | 54/58 | €1,773 | €152,622 | +€150,848 | +8505.8% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €385,159 | €520,603 | +€135,444 | +35.2% |
| Equity | 10/15 | €72,450 | €167,306 | +€94,856 | +130.9% |
| Revaluation surpluses | 12 | €2,852 | €2,852 | = | 0.0% |
| Reserves | 13 | €61,060 | €157,476 | +€96,417 | +157.9% |
| Tax-exempt reserves | 132 | €21,269 | €117,686 | +€96,417 | +453.3% |
| Distributable reserves | 133 | €39,790 | €39,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,538 | €6,977 | -€1,561 | -18.3% |
| Provisions and deferred taxes | 16 | - | €32,671 | +€32,671 | |
| Deferred taxes | 168 | - | €32,671 | +€32,671 | |
| Amounts payable | 17/49 | €312,708 | €320,626 | +€7,918 | +2.5% |
| Amounts payable within one year | 42/48 | €312,708 | €320,626 | +€7,918 | +2.5% |
| Trade debts | 44 | €0 | €674 | +€674 | |
| Suppliers | 440/4 | €0 | €674 | +€674 | |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €310,708 | €317,952 | +€7,244 | +2.3% |
| Non-recurring operating income | 76A | - | €130,683 | +€130,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,682 | €11,112 | +€430 | +4.0% |
| Other operating charges | 640/8 | €2,548 | €5,037 | +€2,489 | +97.7% |
| Gross operating margin | 9900 | €12,642 | €136,280 | +€123,638 | +978.0% |
| Operating profit (loss) | 9901 | -€587 | €120,131 | +€120,719 | |
| Financial income | 75/76B | €7,140 | €7,443 | +€303 | +4.2% |
| Recurring financial income | 75 | €7,140 | €7,443 | +€303 | +4.2% |
| Financial charges | 65/66B | €42 | €48 | +€5 | +13.1% |
| Recurring financial charges | 65 | €42 | €48 | +€5 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €6,511 | €127,526 | +€121,016 | +1858.8% |
| Transfer to deferred taxes | 680 | - | €32,671 | +€32,671 | |
| Income taxes | 67/77 | €2,000 | €0 | -€2,000 | -100.0% |
| Profit (loss) for the period | 9904 | €4,511 | €94,856 | +€90,345 | +2003.0% |
| Transfer from tax-exempt reserves | 789 | €1,595 | €1,595 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €98,012 | +€98,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,106 | -€1,561 | -€7,667 |
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 5 October 2026 via checked.be.