Coppa D'Oro: 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.
Coppa D'Oro
Largest movements
- Stocks and contracts +€266,682
up €266,682 (+549%), from €48,577 to €315,259
- Receivables within one year -€226,720
down €226,720 (-86.1%), from €263,209 to €36,489
of which Other amounts receivable: -€195,079
- Cash -€109,541
down €109,541 (-91.3%), from €120,042 to €10,502
mainly Stocks and contracts (-€266,682) and Net result for the year (-€98,318)
- Other debts +€158,025
new in 2023: €158,025
- Profit (loss) carried forward -€98,318
down €98,318 (-188%), from -€52,424 to -€150,741
- Tax, wage and social debts -€95,605
down €95,605 (-58.7%), from €162,769 to €67,164
- Trade debts -€31,268
down €31,268 (-60.3%), from €51,859 to €20,592
- Gross operating margin -€45,764
down €45,764 (-121%), from -€37,700 to -€83,464
- Financial income -€8,871
down €8,871 (-99.2%), from €8,939 to €68
- Other operating charges -€6,390
down €6,390 (-49.9%), from €12,792 to €6,402
- Depreciation -€1,906
down €1,906 (-19.9%), from €9,589 to €7,683
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,905 | €400,449 | -€67,456 | -14.4% |
| Fixed assets | 21/28 | €35,237 | €37,355 | +€2,118 | +6.0% |
| Tangible fixed assets | 22/27 | €34,976 | €36,844 | +€1,868 | +5.3% |
| Plant, machinery and equipment | 23 | €25,964 | €30,217 | +€4,253 | +16.4% |
| Furniture and vehicles | 24 | €9,012 | €6,627 | -€2,385 | -26.5% |
| Financial fixed assets | 28 | €261 | €511 | +€250 | +95.7% |
| Current assets | 29/58 | €432,668 | €363,094 | -€69,574 | -16.1% |
| Stocks and contracts in progress | 3 | €48,577 | €315,259 | +€266,682 | +549% |
| Stocks | 30/36 | €48,577 | €315,259 | +€266,682 | +549% |
| Amounts receivable within one year | 40/41 | €263,209 | €36,489 | -€226,720 | -86.1% |
| Trade receivables | 40 | €58,161 | €26,520 | -€31,641 | -54.4% |
| Other amounts receivable | 41 | €205,048 | €9,968 | -€195,079 | -95.1% |
| Cash at bank and in hand | 54/58 | €120,042 | €10,502 | -€109,541 | -91.3% |
| Deferred charges and accrued income | 490/1 | €840 | €845 | +€4 | +0.5% |
| Total equity and liabilities | 10/49 | €467,905 | €400,449 | -€67,456 | -14.4% |
| Equity | 10/15 | €252,986 | €154,669 | -€98,318 | -38.9% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Reserves | 13 | €291,776 | €291,776 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €289,917 | €289,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,424 | -€150,741 | -€98,318 | -188% |
| Amounts payable | 17/49 | €214,919 | €245,781 | +€30,862 | +14.4% |
| Amounts payable within one year | 42/48 | €214,628 | €245,781 | +€31,152 | +14.5% |
| Trade debts | 44 | €51,859 | €20,592 | -€31,268 | -60.3% |
| Suppliers | 440/4 | €51,859 | €20,592 | -€31,268 | -60.3% |
| Taxes, remuneration and social security | 45 | €162,769 | €67,164 | -€95,605 | -58.7% |
| Taxes | 450/3 | €162,769 | €67,164 | -€95,605 | -58.7% |
| Other amounts payable | 47/48 | - | €158,025 | +€158,025 | |
| Accrued charges and deferred income | 492/3 | €291 | - | -€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,589 | €7,683 | -€1,906 | -19.9% |
| Other operating charges | 640/8 | €12,792 | €6,402 | -€6,390 | -49.9% |
| Gross operating margin | 9900 | -€37,700 | -€83,464 | -€45,764 | -121% |
| Operating profit (loss) | 9901 | -€60,081 | -€97,549 | -€37,468 | -62.4% |
| Financial income | 75/76B | €8,939 | €68 | -€8,871 | -99.2% |
| Recurring financial income | 75 | €8,939 | €68 | -€8,871 | -99.2% |
| Financial charges | 65/66B | €1,281 | €837 | -€445 | -34.7% |
| Recurring financial charges | 65 | €1,281 | €837 | -€445 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€52,424 | -€98,318 | -€45,894 | -87.5% |
| Profit (loss) for the period | 9904 | -€52,424 | -€98,318 | -€45,894 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,424 | -€98,318 | -€45,894 | -87.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.