COPMAN R&R: what changed
COPMAN R&R
Largest movements
- Cash -€71,734
down €71,734 (-42.0%), from €170,973 to €99,239
mainly Debts after one year (-€37,607) and Other debts (-€35,554)
- Receivables within one year -€9,423
down €9,423 (-67.6%), from €13,949 to €4,526
of which Other amounts receivable: -€9,246
- Tangible fixed assets -€8,750
down €8,750 (-4.3%), from €201,989 to €193,239
of which Land and buildings: -€8,690
- Debts after one year -€37,607
down €37,607 (-16.8%), from €223,899 to €186,292
- Other debts -€35,554
down €35,554 (-90.3%), from €39,370 to €3,816
- Profit (loss) carried forward -€9,855
down €9,855 (-76.5%), from -€12,882 to -€22,738
- Financial income -€137,337
no longer reported in 2025 (was €137,337)
of which Non-recurring financial income: -€137,337
- Gross operating margin +€40,429
up €40,429, from -€31,010 to €9,419
- Taxes -€7,487
no longer reported in 2025 (was €7,487)
- Other operating charges -€3,138
down €3,138 (-62.8%), from €5,000 to €1,862
- Financial charges -€1,416
down €1,416 (-14.1%), from €10,078 to €8,662
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,766 | €302,012 | -€88,754 | -22.7% |
| Fixed assets | 21/28 | €204,449 | €195,699 | -€8,750 | -4.3% |
| Tangible fixed assets | 22/27 | €201,989 | €193,239 | -€8,750 | -4.3% |
| Land and buildings | 22 | €201,929 | €193,239 | -€8,690 | -4.3% |
| Plant, machinery and equipment | 23 | €61 | - | -€61 | |
| Financial fixed assets | 28 | €2,460 | €2,460 | = | 0.0% |
| Current assets | 29/58 | €186,316 | €106,313 | -€80,003 | -42.9% |
| Amounts receivable within one year | 40/41 | €13,949 | €4,526 | -€9,423 | -67.6% |
| Trade receivables | 40 | €1,381 | €1,204 | -€177 | -12.8% |
| Other amounts receivable | 41 | €12,568 | €3,322 | -€9,246 | -73.6% |
| Cash at bank and in hand | 54/58 | €170,973 | €99,239 | -€71,734 | -42.0% |
| Deferred charges and accrued income | 490/1 | €1,394 | €2,547 | +€1,153 | +82.7% |
| Total equity and liabilities | 10/49 | €390,766 | €302,012 | -€88,754 | -22.7% |
| Equity | 10/15 | €83,990 | €74,135 | -€9,855 | -11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €76,873 | €76,873 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €74,873 | €74,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,882 | -€22,738 | -€9,855 | -76.5% |
| Amounts payable | 17/49 | €306,775 | €227,877 | -€78,899 | -25.7% |
| Amounts payable after more than one year | 17 | €223,899 | €186,292 | -€37,607 | -16.8% |
| Financial debts | 170/4 | €223,899 | €186,292 | -€37,607 | -16.8% |
| Amounts payable within one year | 42/48 | €82,146 | €41,585 | -€40,562 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €37,454 | €33,791 | -€3,664 | -9.8% |
| Trade debts | 44 | €4,689 | €3,787 | -€903 | -19.2% |
| Suppliers | 440/4 | €4,689 | €3,787 | -€903 | -19.2% |
| Taxes, remuneration and social security | 45 | €632 | €191 | -€441 | -69.8% |
| Taxes | 450/3 | €632 | €191 | -€441 | -69.8% |
| Other amounts payable | 47/48 | €39,370 | €3,816 | -€35,554 | -90.3% |
| Accrued charges and deferred income | 492/3 | €730 | - | -€730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,889 | €8,750 | -€138 | -1.6% |
| Other operating charges | 640/8 | €5,000 | €1,862 | -€3,138 | -62.8% |
| Gross operating margin | 9900 | -€31,010 | €9,419 | +€40,429 | |
| Operating profit (loss) | 9901 | -€44,899 | -€1,193 | +€43,706 | +97.3% |
| Financial income | 75/76B | €137,337 | - | -€137,337 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €137,337 | - | -€137,337 | |
| Financial charges | 65/66B | €10,078 | €8,662 | -€1,416 | -14.1% |
| Recurring financial charges | 65 | €10,078 | €8,662 | -€1,416 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €82,360 | -€9,855 | -€92,215 | |
| Income taxes | 67/77 | €7,487 | - | -€7,487 | |
| Profit (loss) for the period | 9904 | €74,873 | -€9,855 | -€84,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,873 | -€9,855 | -€84,728 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.