COPPENS PAUL: 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 PAUL
Largest movements
- Tangible fixed assets +€23,278
up €23,278 (+13.4%), from €174,086 to €197,364
of which Furniture and vehicles: +€26,657
- Cash -€9,572
down €9,572 (-60.4%), from €15,839 to €6,267
mainly Investment in fixed assets (net) (-€41,955) and Net result for the year (-€20,738)
- Debts after one year +€21,394
new in 2025: €21,394
of which Financial debts: +€21,230
- Profit (loss) carried forward -€20,738
down €20,738 (-7.8%), from -€264,656 to -€285,394
- Trade debts +€9,603
up €9,603 (+1,543%), from €622 to €10,226
- Current portion of long-term debt +€6,051
up €6,051 (+211%), from €2,869 to €8,920
- Gross operating margin +€25,798
up €25,798, from -€5,089 to €20,709
- Depreciation -€19,575
down €19,575 (-51.2%), from €38,252 to €18,677
- Other operating charges +€6,591
up €6,591 (+44.0%), from €14,992 to €21,582
- Financial charges +€968
up €968 (+541%), from €179 to €1,146
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 | €194,097 | €209,397 | +€15,300 | +7.9% |
| Fixed assets | 21/28 | €174,086 | €197,364 | +€23,278 | +13.4% |
| Tangible fixed assets | 22/27 | €174,086 | €197,364 | +€23,278 | +13.4% |
| Land and buildings | 22 | €160,744 | €157,672 | -€3,072 | -1.9% |
| Plant, machinery and equipment | 23 | €2,872 | €2,565 | -€307 | -10.7% |
| Furniture and vehicles | 24 | €10,470 | €37,127 | +€26,657 | +255% |
| Current assets | 29/58 | €20,011 | €12,033 | -€7,978 | -39.9% |
| Amounts receivable within one year | 40/41 | €2,342 | €2,824 | +€482 | +20.6% |
| Trade receivables | 40 | €2,248 | €2,764 | +€516 | +22.9% |
| Other amounts receivable | 41 | €94 | €60 | -€34 | -36.2% |
| Cash at bank and in hand | 54/58 | €15,839 | €6,267 | -€9,572 | -60.4% |
| Deferred charges and accrued income | 490/1 | €1,830 | €2,942 | +€1,112 | +60.8% |
| Total equity and liabilities | 10/49 | €194,097 | €209,397 | +€15,300 | +7.9% |
| Equity | 10/15 | €187,478 | €166,740 | -€20,738 | -11.1% |
| Contributions | 10/11 | €374,667 | €374,667 | = | 0.0% |
| Reserves | 13 | €77,467 | €77,467 | = | 0.0% |
| Distributable reserves | 133 | €77,467 | €77,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,656 | -€285,394 | -€20,738 | -7.8% |
| Amounts payable | 17/49 | €6,619 | €42,657 | +€36,038 | +544% |
| Amounts payable after more than one year | 17 | - | €21,394 | +€21,394 | |
| Financial debts | 170/4 | - | €21,230 | +€21,230 | |
| Other amounts payable | 178/9 | - | €164 | +€164 | |
| Amounts payable within one year | 42/48 | €6,619 | €21,263 | +€14,644 | +221% |
| Current portion of amounts payable after more than one year | 42 | €2,869 | €8,920 | +€6,051 | +211% |
| Trade debts | 44 | €622 | €10,226 | +€9,603 | +1,543% |
| Suppliers | 440/4 | €622 | €10,226 | +€9,603 | +1,543% |
| Taxes, remuneration and social security | 45 | €3,128 | €2,118 | -€1,010 | -32.3% |
| Taxes | 450/3 | €3,128 | €2,118 | -€1,010 | -32.3% |
| Non-recurring operating income | 76A | - | €457 | +€457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,252 | €18,677 | -€19,575 | -51.2% |
| Other operating charges | 640/8 | €14,992 | €21,582 | +€6,591 | +44.0% |
| Gross operating margin | 9900 | -€5,089 | €20,709 | +€25,798 | |
| Operating profit (loss) | 9901 | -€58,333 | -€19,551 | +€38,782 | +66.5% |
| Financial income | 75/76B | €82 | €99 | +€18 | +21.6% |
| Recurring financial income | 75 | €82 | €99 | +€18 | +21.6% |
| Financial charges | 65/66B | €179 | €1,146 | +€968 | +541% |
| Recurring financial charges | 65 | €179 | €1,146 | +€968 | +541% |
| Profit (loss) for the period before taxes | 9903 | -€58,430 | -€20,598 | +€37,832 | +64.7% |
| Income taxes | 67/77 | €106 | €140 | +€34 | +32.2% |
| Profit (loss) for the period | 9904 | -€58,536 | -€20,738 | +€37,798 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,536 | -€20,738 | +€37,798 | +64.6% |
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 14 October 2026 via checked.be.