COPPAGREEN: 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.
COPPAGREEN
Largest movements
- Receivables within one year +€202,430
up €202,430 (+1974.8%), from €10,251 to €212,680
of which Trade receivables: +€202,109
- Stocks and contracts -€96,534
down €96,534 (-100.0%), from €96,534 to €0
- Tangible fixed assets +€5,931
up €5,931 (+186.5%), from €3,180 to €9,112
- Advances received +€231,185
up €231,185 (+1265.3%), from €18,271 to €249,456
- Profit (loss) carried forward -€129,241
down €129,241, from €10,408 to -€118,832
- Tax, wage and social debts +€13,992
up €13,992 (+73.3%), from €19,099 to €33,092
of which Remuneration and social security: +€15,145
- Trade debts -€8,473
down €8,473 (-18.8%), from €45,171 to €36,697
- Staff costs +€73,407
up €73,407 (+88.8%), from €82,645 to €156,052
- Gross operating margin -€62,576
down €62,576 (-65.1%), from €96,070 to €33,495
- Taxes -€2,502
down €2,502 (-100.0%), from €2,502 to €0
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 | €123,812 | €232,195 | +€108,383 | +87.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,755 | €10,986 | +€5,231 | +90.9% |
| Intangible fixed assets | 21 | €2,574 | €1,874 | -€700 | -27.2% |
| Tangible fixed assets | 22/27 | €3,180 | €9,112 | +€5,931 | +186.5% |
| Furniture and vehicles | 24 | €3,180 | €9,112 | +€5,931 | +186.5% |
| Current assets | 29/58 | €118,057 | €221,209 | +€103,152 | +87.4% |
| Stocks and contracts in progress | 3 | €96,534 | €0 | -€96,534 | -100.0% |
| Contracts in progress | 37 | €96,534 | €0 | -€96,534 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,251 | €212,680 | +€202,430 | +1974.8% |
| Trade receivables | 40 | €9,972 | €212,081 | +€202,109 | +2026.7% |
| Other amounts receivable | 41 | €278 | €599 | +€321 | +115.3% |
| Cash at bank and in hand | 54/58 | €1,566 | €752 | -€815 | -52.0% |
| Deferred charges and accrued income | 490/1 | €9,706 | €7,777 | -€1,929 | -19.9% |
| Total equity and liabilities | 10/49 | €123,812 | €232,195 | +€108,383 | +87.5% |
| Equity | 10/15 | €30,408 | -€98,832 | -€129,241 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,408 | -€118,832 | -€129,241 | |
| Amounts payable | 17/49 | €93,404 | €331,028 | +€237,624 | +254.4% |
| Amounts payable within one year | 42/48 | €93,318 | €330,354 | +€237,036 | +254.0% |
| Trade debts | 44 | €45,171 | €36,697 | -€8,473 | -18.8% |
| Suppliers | 440/4 | €45,171 | €36,697 | -€8,473 | -18.8% |
| Advances received on contracts in progress | 46 | €18,271 | €249,456 | +€231,185 | +1265.3% |
| Taxes, remuneration and social security | 45 | €19,099 | €33,092 | +€13,992 | +73.3% |
| Taxes | 450/3 | €3,794 | €2,642 | -€1,152 | -30.4% |
| Remuneration and social security | 454/9 | €15,305 | €30,450 | +€15,145 | +99.0% |
| Other amounts payable | 47/48 | €10,777 | €11,109 | +€332 | +3.1% |
| Accrued charges and deferred income | 492/3 | €86 | €673 | +€588 | +686.6% |
| Remuneration, social security and pensions | 62 | €82,645 | €156,052 | +€73,407 | +88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,179 | €3,093 | -€86 | -2.7% |
| Other operating charges | 640/8 | €821 | €1,264 | +€443 | +54.0% |
| Non-recurring operating charges | 66A | €12 | €1,347 | +€1,336 | +11616.5% |
| Gross operating margin | 9900 | €96,070 | €33,495 | -€62,576 | -65.1% |
| Operating profit (loss) | 9901 | €9,414 | -€128,262 | -€137,676 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €132 | €979 | +€846 | +639.1% |
| Recurring financial charges | 65 | €132 | €979 | +€846 | +639.1% |
| Profit (loss) for the period before taxes | 9903 | €9,283 | -€129,241 | -€138,523 | |
| Income taxes | 67/77 | €2,502 | €0 | -€2,502 | -100.0% |
| Profit (loss) for the period | 9904 | €6,781 | -€129,241 | -€136,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,781 | -€129,241 | -€136,022 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.