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
- Receivables within one year +€12,814
up €12,814 (+29.4%), from €43,575 to €56,389
of which Other amounts receivable: +€9,624
- Tangible fixed assets +€11,107
up €11,107 (+3.7%), from €302,246 to €313,353
of which Leasing and similar rights: +€51,300
- Other debts +€58,481
up €58,481 (+434.3%), from €13,465 to €71,946
- Trade debts +€18,840
up €18,840 (+56.3%), from €33,448 to €52,288
- Debts after one year -€16,770
down €16,770 (-19.5%), from €86,186 to €69,416
- Reserves -€15,321
down €15,321 (-7.0%), from €218,183 to €202,863
- Tax, wage and social debts -€12,032
down €12,032 (-17.5%), from €68,904 to €56,872
of which Taxes: -€8,654
- Gross operating margin +€46,065
up €46,065 (+13.8%), from €334,154 to €380,219
- Staff costs +€33,006
up €33,006 (+18.8%), from €175,575 to €208,582
- Depreciation +€6,911
up €6,911 (+8.8%), from €78,240 to €85,151
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 | €503,300 | €535,877 | +€32,577 | +6.5% |
| Fixed assets | 21/28 | €302,246 | €314,603 | +€12,357 | +4.1% |
| Tangible fixed assets | 22/27 | €302,246 | €313,353 | +€11,107 | +3.7% |
| Plant, machinery and equipment | 23 | €37,965 | €43,677 | +€5,712 | +15.0% |
| Furniture and vehicles | 24 | €95,573 | €65,200 | -€30,373 | -31.8% |
| Leasing and similar rights | 25 | €3,056 | €54,356 | +€51,300 | +1678.9% |
| Other tangible fixed assets | 26 | €165,653 | €150,120 | -€15,532 | -9.4% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €201,054 | €221,274 | +€20,219 | +10.1% |
| Stocks and contracts in progress | 3 | €25,222 | €28,102 | +€2,881 | +11.4% |
| Stocks | 30/36 | €25,222 | €28,102 | +€2,881 | +11.4% |
| Amounts receivable within one year | 40/41 | €43,575 | €56,389 | +€12,814 | +29.4% |
| Trade receivables | 40 | €1,049 | €4,240 | +€3,191 | +304.1% |
| Other amounts receivable | 41 | €42,526 | €52,150 | +€9,624 | +22.6% |
| Cash at bank and in hand | 54/58 | €124,853 | €125,610 | +€756 | +0.6% |
| Deferred charges and accrued income | 490/1 | €7,404 | €11,173 | +€3,768 | +50.9% |
| Total equity and liabilities | 10/49 | €503,300 | €535,877 | +€32,577 | +6.5% |
| Equity | 10/15 | €236,783 | €221,463 | -€15,321 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,183 | €202,863 | -€15,321 | -7.0% |
| Distributable reserves | 133 | €218,183 | €202,863 | -€15,321 | -7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,517 | €314,414 | +€47,897 | +18.0% |
| Amounts payable after more than one year | 17 | €86,186 | €69,416 | -€16,770 | -19.5% |
| Financial debts | 170/4 | €86,186 | €69,416 | -€16,770 | -19.5% |
| Amounts payable within one year | 42/48 | €180,076 | €244,998 | +€64,922 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €64,259 | €63,891 | -€367 | -0.6% |
| Trade debts | 44 | €33,448 | €52,288 | +€18,840 | +56.3% |
| Suppliers | 440/4 | €33,448 | €52,288 | +€18,840 | +56.3% |
| Taxes, remuneration and social security | 45 | €68,904 | €56,872 | -€12,032 | -17.5% |
| Taxes | 450/3 | €29,310 | €20,656 | -€8,654 | -29.5% |
| Remuneration and social security | 454/9 | €39,594 | €36,216 | -€3,378 | -8.5% |
| Other amounts payable | 47/48 | €13,465 | €71,946 | +€58,481 | +434.3% |
| Accrued charges and deferred income | 492/3 | €255 | €0 | -€255 | -100.0% |
| Non-recurring operating income | 76A | €1,178 | €18,444 | +€17,266 | +1465.3% |
| Remuneration, social security and pensions | 62 | €175,575 | €208,582 | +€33,006 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,240 | €85,151 | +€6,911 | +8.8% |
| Other operating charges | 640/8 | €2,801 | €4,276 | +€1,475 | +52.6% |
| Non-recurring operating charges | 66A | €731 | €0 | -€731 | -100.0% |
| Gross operating margin | 9900 | €334,154 | €380,219 | +€46,065 | +13.8% |
| Operating profit (loss) | 9901 | €76,807 | €82,211 | +€5,404 | +7.0% |
| Financial income | 75/76B | €1,117 | €2,029 | +€913 | +81.8% |
| Recurring financial income | 75 | €1,117 | €2,029 | +€913 | +81.8% |
| Financial charges | 65/66B | €4,693 | €3,840 | -€853 | -18.2% |
| Recurring financial charges | 65 | €4,693 | €3,840 | -€853 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €73,231 | €80,400 | +€7,170 | +9.8% |
| Income taxes | 67/77 | €21,075 | €23,775 | +€2,700 | +12.8% |
| Profit (loss) for the period | 9904 | €52,155 | €56,626 | +€4,470 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,155 | €56,626 | +€4,470 | +8.6% |
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.