COPITZ: 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.
COPITZ
Largest movements
- Receivables within one year +€15,173
new in 2025: €15,173
- Cash -€12,188
down €12,188 (-45.8%), from €26,588 to €14,400
mainly Debts after one year (-€18,169) and Receivables within one year (-€15,173)
- Tangible fixed assets -€10,094
down €10,094 (-4.6%), from €221,749 to €211,655
of which Land and buildings: -€6,545
- Reserves +€18,665
up €18,665 (+36.2%), from €51,583 to €70,248
- Debts after one year -€18,169
down €18,169 (-15.4%), from €118,360 to €100,191
- Other debts -€6,041
down €6,041 (-22.9%), from €26,356 to €20,315
- Short-term financial debts -€4,467
down €4,467 (-77.1%), from €5,796 to €1,329
- Gross operating margin -€12,232
down €12,232 (-20.1%), from €60,780 to €48,547
- Taxes -€4,272
down €4,272 (-32.1%), from €13,312 to €9,041
- Financial charges -€1,796
down €1,796 (-18.8%), from €9,556 to €7,759
- Depreciation +€1,055
up €1,055 (+11.0%), from €9,625 to €10,680
- Other operating charges +€667
up €667 (+38.2%), from €1,743 to €2,410
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 | €251,804 | €243,873 | -€7,931 | -3.1% |
| Fixed assets | 21/28 | €221,749 | €211,655 | -€10,094 | -4.6% |
| Tangible fixed assets | 22/27 | €221,749 | €211,655 | -€10,094 | -4.6% |
| Land and buildings | 22 | €212,355 | €205,810 | -€6,545 | -3.1% |
| Furniture and vehicles | 24 | €9,394 | €5,845 | -€3,549 | -37.8% |
| Current assets | 29/58 | €30,055 | €32,218 | +€2,163 | +7.2% |
| Amounts receivable within one year | 40/41 | - | €15,173 | +€15,173 | |
| Trade receivables | 40 | - | €15,173 | +€15,173 | |
| Cash at bank and in hand | 54/58 | €26,588 | €14,400 | -€12,188 | -45.8% |
| Deferred charges and accrued income | 490/1 | €3,467 | €2,645 | -€822 | -23.7% |
| Total equity and liabilities | 10/49 | €251,804 | €243,873 | -€7,931 | -3.1% |
| Equity | 10/15 | €59,638 | €78,303 | +€18,665 | +31.3% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €51,583 | €70,248 | +€18,665 | +36.2% |
| Distributable reserves | 133 | €51,583 | €70,248 | +€18,665 | +36.2% |
| Amounts payable | 17/49 | €192,166 | €165,570 | -€26,596 | -13.8% |
| Amounts payable after more than one year | 17 | €118,360 | €100,191 | -€18,169 | -15.4% |
| Financial debts | 170/4 | €118,360 | €100,191 | -€18,169 | -15.4% |
| Amounts payable within one year | 42/48 | €72,079 | €65,136 | -€6,943 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €17,377 | €18,169 | +€792 | +4.6% |
| Financial debts | 43 | €5,796 | €1,329 | -€4,467 | -77.1% |
| Credit institutions | 430/8 | €5,796 | €1,329 | -€4,467 | -77.1% |
| Trade debts | 44 | €1,515 | €1,963 | +€449 | +29.6% |
| Suppliers | 440/4 | €1,515 | €1,963 | +€449 | +29.6% |
| Taxes, remuneration and social security | 45 | €21,035 | €23,360 | +€2,325 | +11.1% |
| Taxes | 450/3 | €21,035 | €23,360 | +€2,325 | +11.1% |
| Other amounts payable | 47/48 | €26,356 | €20,315 | -€6,041 | -22.9% |
| Accrued charges and deferred income | 492/3 | €1,728 | €244 | -€1,484 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,625 | €10,680 | +€1,055 | +11.0% |
| Other operating charges | 640/8 | €1,743 | €2,410 | +€667 | +38.2% |
| Gross operating margin | 9900 | €60,780 | €48,547 | -€12,232 | -20.1% |
| Operating profit (loss) | 9901 | €49,411 | €35,458 | -€13,954 | -28.2% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €9,556 | €7,759 | -€1,796 | -18.8% |
| Recurring financial charges | 65 | €9,556 | €7,759 | -€1,796 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €39,856 | €27,706 | -€12,149 | -30.5% |
| Income taxes | 67/77 | €13,312 | €9,041 | -€4,272 | -32.1% |
| Profit (loss) for the period | 9904 | €26,543 | €18,665 | -€7,878 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,543 | €18,665 | -€7,878 | -29.7% |
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.