COPPEE THIERRY: 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.
COPPEE THIERRY
Largest movements
- Current investments +€47,815
up €47,815 (+33.5%), from €142,821 to €190,636
- Tangible fixed assets -€39,203
down €39,203 (-4.6%), from €861,542 to €822,339
of which Land and buildings: -€44,027
- Receivables within one year -€34,497
down €34,497 (-67.1%), from €51,395 to €16,898
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€4,509
up €4,509 (+8.5%), from €52,817 to €57,326
- Gross operating margin +€3,998
up €3,998 (+12.9%), from €30,974 to €34,972
- Taxes -€3,699
down €3,699 (-79.7%), from €4,642 to €944
- Financial income +€2,214
up €2,214 (+39.8%), from €5,569 to €7,783
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 | €2,214,215 | €2,183,980 | -€30,235 | -1.4% |
| Fixed assets | 21/28 | €861,637 | €822,434 | -€39,203 | -4.5% |
| Tangible fixed assets | 22/27 | €861,542 | €822,339 | -€39,203 | -4.6% |
| Land and buildings | 22 | €828,109 | €784,082 | -€44,027 | -5.3% |
| Furniture and vehicles | 24 | €11,113 | €1,715 | -€9,398 | -84.6% |
| Other tangible fixed assets | 26 | €22,320 | €36,542 | +€14,222 | +63.7% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €1,352,578 | €1,361,546 | +€8,968 | +0.7% |
| Amounts receivable within one year | 40/41 | €51,395 | €16,898 | -€34,497 | -67.1% |
| Other amounts receivable | 41 | €51,395 | €16,898 | -€34,497 | -67.1% |
| Current investments | 50/53 | €142,821 | €190,636 | +€47,815 | +33.5% |
| Cash at bank and in hand | 54/58 | €1,069,358 | €1,066,437 | -€2,921 | -0.3% |
| Deferred charges and accrued income | 490/1 | €89,005 | €87,575 | -€1,430 | -1.6% |
| Total equity and liabilities | 10/49 | €2,214,215 | €2,183,980 | -€30,235 | -1.4% |
| Equity | 10/15 | €1,639,744 | €1,619,450 | -€20,294 | -1.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €911,770 | €909,651 | -€2,118 | -0.2% |
| Tax-exempt reserves | 132 | €52,168 | €50,050 | -€2,118 | -4.1% |
| Distributable reserves | 133 | €859,601 | €859,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €707,514 | €689,339 | -€18,175 | -2.6% |
| Provisions and deferred taxes | 16 | €13,387 | €12,844 | -€543 | -4.1% |
| Deferred taxes | 168 | €13,387 | €12,844 | -€543 | -4.1% |
| Amounts payable | 17/49 | €561,084 | €551,686 | -€9,398 | -1.7% |
| Amounts payable within one year | 42/48 | €560,856 | €551,463 | -€9,393 | -1.7% |
| Trade debts | 44 | €4,943 | €3,350 | -€1,593 | -32.2% |
| Suppliers | 440/4 | €4,943 | €3,350 | -€1,593 | -32.2% |
| Taxes, remuneration and social security | 45 | €1,844 | €9 | -€1,835 | -99.5% |
| Taxes | 450/3 | €244 | €9 | -€235 | -96.2% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | €554,068 | €548,103 | -€5,966 | -1.1% |
| Accrued charges and deferred income | 492/3 | €228 | €223 | -€5 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,817 | €57,326 | +€4,509 | +8.5% |
| Other operating charges | 640/8 | €5,002 | €5,160 | +€159 | +3.2% |
| Gross operating margin | 9900 | €30,974 | €34,972 | +€3,998 | +12.9% |
| Operating profit (loss) | 9901 | -€26,844 | -€27,514 | -€670 | -2.5% |
| Financial income | 75/76B | €5,569 | €7,783 | +€2,214 | +39.8% |
| Recurring financial income | 75 | €5,569 | €7,783 | +€2,214 | +39.8% |
| Financial charges | 65/66B | €206 | €162 | -€44 | -21.3% |
| Recurring financial charges | 65 | €206 | €162 | -€44 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,481 | -€19,893 | +€1,588 | +7.4% |
| Transfer from deferred taxes | 780 | €543 | €543 | = | 0.0% |
| Income taxes | 67/77 | €4,642 | €944 | -€3,699 | -79.7% |
| Profit (loss) for the period | 9904 | -€25,580 | -€20,294 | +€5,286 | +20.7% |
| Transfer from tax-exempt reserves | 789 | €2,118 | €2,118 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,461 | -€18,175 | +€5,286 | +22.5% |
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 8 October 2026 via checked.be.