COPJ: 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.
COPJ
Largest movements
- Tangible fixed assets -€10,142
down €10,142 (-22.5%), from €45,073 to €34,931
of which Furniture and vehicles: -€9,617
- Cash +€8,425
up €8,425 (+265.5%), from €3,173 to €11,598
mainly Net result for the year (+€14,739) and Depreciation (+€11,777)
- Receivables within one year -€6,871
down €6,871 (-18.5%), from €37,216 to €30,345
of which Other amounts receivable: -€9,404
- Reserves -€10,261
down €10,261 (-32.5%), from €31,597 to €21,336
- Tax, wage and social debts +€9,825
up €9,825 (+114.2%), from €8,606 to €18,430
- Debts after one year -€9,378
down €9,378 (-30.3%), from €30,930 to €21,552
- Trade debts +€902
up €902 (+35.4%), from €2,545 to €3,447
- Gross operating margin +€25,577
up €25,577 (+227.1%), from €11,261 to €36,838
- Taxes +€4,556
up €4,556 (+2997.4%), from €152 to €4,708
- Staff costs +€1,912
new in 2025: €1,912
- Depreciation +€1,719
up €1,719 (+17.1%), from €10,058 to €11,777
- Other operating charges +€1,041
up €1,041 (+83.9%), from €1,240 to €2,281
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 | €85,716 | €77,144 | -€8,572 | -10.0% |
| Fixed assets | 21/28 | €45,073 | €34,931 | -€10,142 | -22.5% |
| Tangible fixed assets | 22/27 | €45,073 | €34,931 | -€10,142 | -22.5% |
| Plant, machinery and equipment | 23 | €1,285 | €761 | -€525 | -40.8% |
| Furniture and vehicles | 24 | €43,788 | €34,171 | -€9,617 | -22.0% |
| Current assets | 29/58 | €40,643 | €42,213 | +€1,569 | +3.9% |
| Amounts receivable within one year | 40/41 | €37,216 | €30,345 | -€6,871 | -18.5% |
| Trade receivables | 40 | €11,013 | €13,546 | +€2,533 | +23.0% |
| Other amounts receivable | 41 | €26,203 | €16,799 | -€9,404 | -35.9% |
| Cash at bank and in hand | 54/58 | €3,173 | €11,598 | +€8,425 | +265.5% |
| Deferred charges and accrued income | 490/1 | €254 | €269 | +€15 | +5.9% |
| Total equity and liabilities | 10/49 | €85,716 | €77,144 | -€8,572 | -10.0% |
| Equity | 10/15 | €34,597 | €24,336 | -€10,261 | -29.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,597 | €21,336 | -€10,261 | -32.5% |
| Distributable reserves | 133 | €31,597 | €21,336 | -€10,261 | -32.5% |
| Amounts payable | 17/49 | €51,119 | €52,808 | +€1,689 | +3.3% |
| Amounts payable after more than one year | 17 | €30,930 | €21,552 | -€9,378 | -30.3% |
| Financial debts | 170/4 | €30,930 | €21,552 | -€9,378 | -30.3% |
| Amounts payable within one year | 42/48 | €20,189 | €31,256 | +€11,067 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €9,037 | €9,378 | +€341 | +3.8% |
| Trade debts | 44 | €2,545 | €3,447 | +€902 | +35.4% |
| Suppliers | 440/4 | €2,545 | €3,447 | +€902 | +35.4% |
| Taxes, remuneration and social security | 45 | €8,606 | €18,430 | +€9,825 | +114.2% |
| Taxes | 450/3 | €8,606 | €18,430 | +€9,825 | +114.2% |
| Remuneration, social security and pensions | 62 | - | €1,912 | +€1,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,058 | €11,777 | +€1,719 | +17.1% |
| Other operating charges | 640/8 | €1,240 | €2,281 | +€1,041 | +83.9% |
| Gross operating margin | 9900 | €11,261 | €36,838 | +€25,577 | +227.1% |
| Operating profit (loss) | 9901 | -€37 | €20,867 | +€20,905 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,446 | €1,420 | -€26 | -1.8% |
| Recurring financial charges | 65 | €1,446 | €1,420 | -€26 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,483 | €19,447 | +€20,930 | |
| Income taxes | 67/77 | €152 | €4,708 | +€4,556 | +2997.4% |
| Profit (loss) for the period | 9904 | -€1,635 | €14,739 | +€16,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,635 | €14,739 | +€16,374 |
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 12 October 2026 via checked.be.