COPLEY: 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.
COPLEY
Largest movements
- Receivables after one year -€146,013
down €146,013 (-100.0%), from €146,013 to €0
- Cash -€51,331
down €51,331 (-49.1%), from €104,473 to €53,142
mainly Debts after one year (-€211,604) and Tax, wage and social debts (-€58,000)
- Receivables within one year +€23,959
up €23,959 (+171.1%), from €14,000 to €37,959
of which Trade receivables: +€21,022
- Debts after one year -€211,604
down €211,604 (-22.1%), from €959,002 to €747,399
- Profit (loss) carried forward +€159,582
up €159,582 (+11563910.1%), from €1 to €159,583
- Reserves -€105,250
down €105,250 (-12.7%), from €826,248 to €720,998
of which Tax-exempt reserves: -€105,250
- Tax, wage and social debts -€58,000
down €58,000 (-32.0%), from €181,070 to €123,069
of which Taxes: -€52,724
- Gross operating margin -€66,983
down €66,983 (-34.6%), from €193,544 to €126,561
- Taxes -€21,200
down €21,200 (-43.6%), from €48,600 to €27,400
- Financial charges -€7,772
down €7,772 (-20.4%), from €38,106 to €30,334
- Financial income -€3,690
no longer reported in 2024 (was €3,690)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,189,883 | €2,007,263 | -€182,620 | -8.3% |
| Fixed assets | 21/28 | €1,925,398 | €1,914,189 | -€11,209 | -0.6% |
| Tangible fixed assets | 22/27 | €25,398 | €14,189 | -€11,209 | -44.1% |
| Furniture and vehicles | 24 | €25,398 | €14,189 | -€11,209 | -44.1% |
| Financial fixed assets | 28 | €1,900,000 | €1,900,000 | = | 0.0% |
| Current assets | 29/58 | €264,486 | €93,075 | -€171,411 | -64.8% |
| Amounts receivable after more than one year | 29 | €146,013 | €0 | -€146,013 | -100.0% |
| Other amounts receivable | 291 | €146,013 | €0 | -€146,013 | -100.0% |
| Amounts receivable within one year | 40/41 | €14,000 | €37,959 | +€23,959 | +171.1% |
| Trade receivables | 40 | €14,000 | €35,022 | +€21,022 | +150.2% |
| Other amounts receivable | 41 | €0 | €2,937 | +€2,937 | |
| Cash at bank and in hand | 54/58 | €104,473 | €53,142 | -€51,331 | -49.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,974 | +€1,974 | |
| Total equity and liabilities | 10/49 | €2,189,883 | €2,007,263 | -€182,620 | -8.3% |
| Equity | 10/15 | €838,649 | €892,981 | +€54,332 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €826,248 | €720,998 | -€105,250 | -12.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €105,250 | €0 | -€105,250 | -100.0% |
| Distributable reserves | 133 | €720,998 | €720,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | €159,583 | +€159,582 | +11563910.1% |
| Amounts payable | 17/49 | €1,351,234 | €1,114,282 | -€236,952 | -17.5% |
| Amounts payable after more than one year | 17 | €959,002 | €747,399 | -€211,604 | -22.1% |
| Financial debts | 170/4 | €959,002 | €747,399 | -€211,604 | -22.1% |
| Amounts payable within one year | 42/48 | €392,232 | €366,884 | -€25,348 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €206,989 | €220,153 | +€13,165 | +6.4% |
| Trade debts | 44 | €4,174 | €8,569 | +€4,396 | +105.3% |
| Suppliers | 440/4 | €4,174 | €8,569 | +€4,396 | +105.3% |
| Taxes, remuneration and social security | 45 | €181,070 | €123,069 | -€58,000 | -32.0% |
| Taxes | 450/3 | €175,793 | €123,069 | -€52,724 | -30.0% |
| Remuneration and social security | 454/9 | €5,276 | €0 | -€5,276 | -100.0% |
| Other amounts payable | 47/48 | - | €15,092 | +€15,092 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,324 | €11,992 | +€668 | +5.9% |
| Other operating charges | 640/8 | €575 | €2,503 | +€1,928 | +335.2% |
| Gross operating margin | 9900 | €193,544 | €126,561 | -€66,983 | -34.6% |
| Operating profit (loss) | 9901 | €181,645 | €112,066 | -€69,578 | -38.3% |
| Financial income | 75/76B | €3,690 | - | -€3,690 | |
| Recurring financial income | 75 | €3,690 | - | -€3,690 | |
| Financial charges | 65/66B | €38,106 | €30,334 | -€7,772 | -20.4% |
| Recurring financial charges | 65 | €38,106 | €30,334 | -€7,772 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €147,228 | €81,732 | -€65,496 | -44.5% |
| Income taxes | 67/77 | €48,600 | €27,400 | -€21,200 | -43.6% |
| Profit (loss) for the period | 9904 | €98,628 | €54,332 | -€44,296 | -44.9% |
| Transfer from tax-exempt reserves | 789 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,628 | €159,582 | +€60,954 | +61.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.