COPPENS-GHYSELS: 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-GHYSELS
Largest movements
- Cash +€117,374
up €117,374 (+12.3%), from €956,742 to €1.1m
mainly Net result for the year (+€187,373) and Other debts (+€12,262)
- Reserves +€108,620
up €108,620 (+15.0%), from €722,668 to €831,287
of which Distributable reserves: +€108,620
- Other debts +€12,262
up €12,262 (+6.3%), from €196,066 to €208,328
- Gross operating margin +€37,220
up €37,220 (+13.0%), from €287,183 to €324,403
- Financial income -€13,521
down €13,521 (-49.9%), from €27,087 to €13,566
- Depreciation -€9,941
down €9,941 (-67.1%), from €14,822 to €4,882
- Taxes +€9,619
up €9,619 (+13.4%), from €71,631 to €81,250
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.
Derived cash bridge
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 | €1,002,374 | €1,115,798 | +€113,424 | +11.3% |
| Fixed assets | 21/28 | €9,926 | €2,967 | -€6,959 | -70.1% |
| Tangible fixed assets | 22/27 | €9,926 | €2,967 | -€6,959 | -70.1% |
| Land and buildings | 22 | €5,736 | €0 | -€5,736 | -100.0% |
| Furniture and vehicles | 24 | €4,190 | €2,967 | -€1,223 | -29.2% |
| Current assets | 29/58 | €992,447 | €1,112,831 | +€120,384 | +12.1% |
| Amounts receivable within one year | 40/41 | €30,116 | €33,069 | +€2,953 | +9.8% |
| Trade receivables | 40 | €27,588 | €30,627 | +€3,039 | +11.0% |
| Other amounts receivable | 41 | €2,527 | €2,442 | -€86 | -3.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €956,742 | €1,074,115 | +€117,374 | +12.3% |
| Deferred charges and accrued income | 490/1 | €5,590 | €5,647 | +€56 | +1.0% |
| Total equity and liabilities | 10/49 | €1,002,374 | €1,115,798 | +€113,424 | +11.3% |
| Equity | 10/15 | €742,668 | €851,287 | +€108,620 | +14.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €722,668 | €831,287 | +€108,620 | +15.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €720,668 | €829,287 | +€108,620 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,706 | €264,510 | +€4,805 | +1.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €259,706 | €264,510 | +€4,805 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €5,562 | €0 | -€5,562 | -100% |
| Trade debts | 44 | €11,682 | €11,249 | -€433 | -3.7% |
| Suppliers | 440/4 | €11,682 | €11,249 | -€433 | -3.7% |
| Taxes, remuneration and social security | 45 | €46,396 | €44,933 | -€1,463 | -3.2% |
| Taxes | 450/3 | €37,487 | €39,172 | +€1,684 | +4.5% |
| Remuneration and social security | 454/9 | €8,908 | €5,761 | -€3,147 | -35.3% |
| Other amounts payable | 47/48 | €196,066 | €208,328 | +€12,262 | +6.3% |
| Remuneration, social security and pensions | 62 | €45,887 | €46,418 | +€532 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,822 | €4,882 | -€9,941 | -67.1% |
| Other operating charges | 640/8 | €1,775 | €1,997 | +€222 | +12.5% |
| Non-recurring operating charges | 66A | - | €2,078 | +€2,078 | |
| Gross operating margin | 9900 | €287,183 | €324,403 | +€37,220 | +13.0% |
| Operating profit (loss) | 9901 | €224,699 | €269,028 | +€44,329 | +19.7% |
| Financial income | 75/76B | €27,087 | €13,566 | -€13,521 | -49.9% |
| Recurring financial income | 75 | €27,087 | €13,566 | -€13,521 | -49.9% |
| Financial charges | 65/66B | €15,393 | €13,972 | -€1,421 | -9.2% |
| Recurring financial charges | 65 | €15,393 | €13,972 | -€1,421 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €236,393 | €268,623 | +€32,230 | +13.6% |
| Income taxes | 67/77 | €71,631 | €81,250 | +€9,619 | +13.4% |
| Profit (loss) for the period | 9904 | €164,762 | €187,373 | +€22,611 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €164,762 | €187,373 | +€22,611 | +13.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.