COPPENS: 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.
COPPENS
Largest movements
- Tangible fixed assets +€328,326
up €328,326 (+38.6%), from €850,960 to €1.2m
of which Leasing and similar rights: +€365,010
- Receivables within one year +€72,500
up €72,500 (+64.4%), from €112,582 to €185,081
of which Other amounts receivable: +€41,918
- Cash -€39,263
no longer reported in 2024 (was €39,263)
mainly Investment in fixed assets (net) (-€444,067) and Receivables within one year (-€72,500)
- Debts after one year +€228,052
up €228,052 (+46.5%), from €490,348 to €718,400
- Current portion of long-term debt +€55,807
up €55,807 (+23.4%), from €238,157 to €293,965
- Tax, wage and social debts +€48,850
up €48,850 (+85.3%), from €57,280 to €106,129
of which Remuneration and social security: +€57,962
- Short-term financial debts +€25,845
new in 2024: €25,845
- Staff costs +€165,556
up €165,556 (+21.9%), from €755,854 to €921,410
- Gross operating margin +€93,637
up €93,637 (+9.2%), from €1.0m to €1.1m
- Depreciation -€35,892
down €35,892 (-23.7%), from €151,633 to €115,741
- Financial charges +€24,312
up €24,312 (+100.1%), from €24,287 to €48,599
- Other operating charges -€12,096
down €12,096 (-67.8%), from €17,836 to €5,741
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,805 | €1,364,368 | +€361,563 | +36.1% |
| Fixed assets | 21/28 | €850,960 | €1,179,286 | +€328,326 | +38.6% |
| Tangible fixed assets | 22/27 | €850,960 | €1,179,286 | +€328,326 | +38.6% |
| Land and buildings | 22 | €802,897 | €765,742 | -€37,155 | -4.6% |
| Plant, machinery and equipment | 23 | €2,990 | €3,983 | +€994 | +33.2% |
| Furniture and vehicles | 24 | €849 | €326 | -€523 | -61.6% |
| Leasing and similar rights | 25 | €44,224 | €409,234 | +€365,010 | +825.4% |
| Current assets | 29/58 | €151,844 | €185,081 | +€33,237 | +21.9% |
| Amounts receivable within one year | 40/41 | €112,582 | €185,081 | +€72,500 | +64.4% |
| Trade receivables | 40 | €93,746 | €124,328 | +€30,582 | +32.6% |
| Other amounts receivable | 41 | €18,835 | €60,753 | +€41,918 | +222.5% |
| Cash at bank and in hand | 54/58 | €39,263 | - | -€39,263 | |
| Total equity and liabilities | 10/49 | €1,002,805 | €1,364,368 | +€361,563 | +36.1% |
| Equity | 10/15 | €165,497 | €176,852 | +€11,355 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,897 | €158,252 | +€11,355 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,037 | €156,392 | +€11,355 | +7.8% |
| Amounts payable | 17/49 | €837,308 | €1,187,515 | +€350,208 | +41.8% |
| Amounts payable after more than one year | 17 | €490,348 | €718,400 | +€228,052 | +46.5% |
| Financial debts | 170/4 | €490,348 | €718,400 | +€228,052 | +46.5% |
| Amounts payable within one year | 42/48 | €346,960 | €469,115 | +€122,155 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €238,157 | €293,965 | +€55,807 | +23.4% |
| Financial debts | 43 | - | €25,845 | +€25,845 | |
| Credit institutions | 430/8 | - | €25,845 | +€25,845 | |
| Trade debts | 44 | €48,025 | €43,176 | -€4,849 | -10.1% |
| Suppliers | 440/4 | €48,025 | €43,176 | -€4,849 | -10.1% |
| Taxes, remuneration and social security | 45 | €57,280 | €106,129 | +€48,850 | +85.3% |
| Taxes | 450/3 | €56,189 | €47,077 | -€9,113 | -16.2% |
| Remuneration and social security | 454/9 | €1,090 | €59,053 | +€57,962 | +5315.8% |
| Other amounts payable | 47/48 | €3,498 | - | -€3,498 | |
| Remuneration, social security and pensions | 62 | €755,854 | €921,410 | +€165,556 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,633 | €115,741 | -€35,892 | -23.7% |
| Other operating charges | 640/8 | €17,836 | €5,741 | -€12,096 | -67.8% |
| Gross operating margin | 9900 | €1,014,137 | €1,107,774 | +€93,637 | +9.2% |
| Operating profit (loss) | 9901 | €88,814 | €64,882 | -€23,932 | -26.9% |
| Financial income | 75/76B | €3,745 | €72 | -€3,673 | -98.1% |
| Recurring financial income | 75 | €3,745 | €72 | -€3,673 | -98.1% |
| Financial charges | 65/66B | €24,287 | €48,599 | +€24,312 | +100.1% |
| Recurring financial charges | 65 | €24,287 | €48,599 | +€24,312 | +100.1% |
| Profit (loss) for the period before taxes | 9903 | €68,272 | €16,355 | -€51,917 | -76.0% |
| Income taxes | 67/77 | €15,332 | €5,000 | -€10,332 | -67.4% |
| Profit (loss) for the period | 9904 | €52,941 | €11,355 | -€41,585 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,941 | €11,355 | -€41,585 | -78.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.