Coppens: 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.
Coppens
Largest movements
- Cash -€22,281
down €22,281 (-2.9%), from €763,273 to €740,991
mainly Net result for the year (-€22,519) and Receivables within one year (-€8,490)
- Profit (loss) carried forward -€51,694
no longer reported in 2025 (was €51,694)
- Reserves +€29,175
up €29,175 (+4.2%), from €700,573 to €729,748
of which Distributable reserves: +€35,910
- Gross operating margin -€60,395
down €60,395, from €45,962 to -€14,433
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 | €1,026,623 | €1,003,895 | -€22,728 | -2.2% |
| Fixed assets | 21/28 | €158,639 | €149,659 | -€8,980 | -5.7% |
| Tangible fixed assets | 22/27 | €157,279 | €148,299 | -€8,980 | -5.7% |
| Land and buildings | 22 | €97,063 | €97,063 | = | 0.0% |
| Plant, machinery and equipment | 23 | €53,818 | €47,238 | -€6,580 | -12.2% |
| Furniture and vehicles | 24 | €6,398 | €3,998 | -€2,400 | -37.5% |
| Financial fixed assets | 28 | €1,360 | €1,360 | = | 0.0% |
| Current assets | 29/58 | €867,985 | €854,237 | -€13,748 | -1.6% |
| Amounts receivable within one year | 40/41 | €102,119 | €110,609 | +€8,490 | +8.3% |
| Trade receivables | 40 | €96,540 | €105,052 | +€8,512 | +8.8% |
| Other amounts receivable | 41 | €5,579 | €5,557 | -€22 | -0.4% |
| Cash at bank and in hand | 54/58 | €763,273 | €740,991 | -€22,281 | -2.9% |
| Deferred charges and accrued income | 490/1 | €2,593 | €2,636 | +€43 | +1.7% |
| Total equity and liabilities | 10/49 | €1,026,623 | €1,003,895 | -€22,728 | -2.2% |
| Equity | 10/15 | €814,242 | €791,723 | -€22,519 | -2.8% |
| Contributions | 10/11 | €61,975 | €61,975 | = | 0.0% |
| Outside capital | 11 | €61,975 | €61,975 | = | 0.0% |
| Other | 1109/19 | €61,975 | €61,975 | = | 0.0% |
| Reserves | 13 | €700,573 | €729,748 | +€29,175 | +4.2% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €633,906 | €627,171 | -€6,735 | -1.1% |
| Distributable reserves | 133 | €60,469 | €96,379 | +€35,910 | +59.4% |
| Profit (loss) carried forward | 14 | €51,694 | - | -€51,694 | |
| Provisions and deferred taxes | 16 | €211,302 | €209,057 | -€2,245 | -1.1% |
| Deferred taxes | 168 | €211,302 | €209,057 | -€2,245 | -1.1% |
| Amounts payable | 17/49 | €1,079 | €3,115 | +€2,036 | +188.7% |
| Amounts payable within one year | 42/48 | €1,079 | €895 | -€184 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €40 | €40 | = | 0.0% |
| Trade debts | 44 | €1,039 | €855 | -€184 | -17.7% |
| Suppliers | 440/4 | €1,039 | €855 | -€184 | -17.7% |
| Accrued charges and deferred income | 492/3 | - | €2,220 | +€2,220 | |
| Non-recurring operating income | 76A | €66,534 | - | -€66,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,980 | €8,980 | = | 0.0% |
| Other operating charges | 640/8 | €1,135 | €1,156 | +€20 | +1.8% |
| Gross operating margin | 9900 | €45,962 | -€14,433 | -€60,395 | |
| Operating profit (loss) | 9901 | €35,846 | -€24,569 | -€60,415 | |
| Financial charges | 65/66B | €244 | €196 | -€48 | -19.6% |
| Recurring financial charges | 65 | €244 | €196 | -€48 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €35,603 | -€24,764 | -€60,367 | |
| Transfer from deferred taxes | 780 | €4,023 | €2,245 | -€1,778 | -44.2% |
| Profit (loss) for the period | 9904 | €39,626 | -€22,519 | -€62,145 | |
| Transfer from tax-exempt reserves | 789 | €12,069 | €6,735 | -€5,334 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,694 | -€15,784 | -€67,479 |
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 5 October 2026 via checked.be.