COPPENS RENAAT: 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 RENAAT
Largest movements
- Cash -€8,021
down €8,021 (-25.9%), from €30,954 to €22,933
mainly Investment in fixed assets (net) (-€8,533) and Other debts (-€7,781)
- Tangible fixed assets -€7,272
down €7,272 (-20.3%), from €35,880 to €28,608
of which Plant, machinery and equipment: -€6,232
- Stocks and contracts -€2,800
down €2,800 (-65.1%), from €4,300 to €1,500
- Receivables within one year +€2,075
up €2,075 (+13.6%), from €15,260 to €17,336
of which Trade receivables: +€2,699
- Other debts -€7,781
down €7,781 (-36.5%), from €21,318 to €13,537
- Reserves -€6,149
down €6,149 (-16.7%), from €36,777 to €30,628
- Current portion of long-term debt -€5,303
down €5,303 (-100%), from €5,303 to €0
- Trade debts +€4,470
up €4,470 (+960%), from €466 to €4,936
- Tax, wage and social debts -€2,749
down €2,749 (-49.3%), from €5,581 to €2,832
of which Remuneration and social security: -€2,125
- Gross operating margin +€4,239
up €4,239 (+47.9%), from €8,857 to €13,096
- Depreciation +€1,262
up €1,262 (+8.7%), from €14,542 to €15,804
- Other operating charges +€809
up €809 (+102%), from €794 to €1,603
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 | €89,600 | €73,760 | -€15,839 | -17.7% |
| Fixed assets | 21/28 | €36,630 | €29,358 | -€7,272 | -19.9% |
| Tangible fixed assets | 22/27 | €35,880 | €28,608 | -€7,272 | -20.3% |
| Land and buildings | 22 | €1,606 | €1,071 | -€535 | -33.3% |
| Plant, machinery and equipment | 23 | €17,907 | €11,674 | -€6,232 | -34.8% |
| Furniture and vehicles | 24 | €16,367 | €15,863 | -€504 | -3.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €52,970 | €44,402 | -€8,568 | -16.2% |
| Stocks and contracts in progress | 3 | €4,300 | €1,500 | -€2,800 | -65.1% |
| Stocks | 30/36 | €4,300 | €1,500 | -€2,800 | -65.1% |
| Amounts receivable within one year | 40/41 | €15,260 | €17,336 | +€2,075 | +13.6% |
| Trade receivables | 40 | €12,857 | €15,556 | +€2,699 | +21.0% |
| Other amounts receivable | 41 | €2,403 | €1,780 | -€623 | -25.9% |
| Cash at bank and in hand | 54/58 | €30,954 | €22,933 | -€8,021 | -25.9% |
| Deferred charges and accrued income | 490/1 | €2,456 | €2,634 | +€178 | +7.3% |
| Total equity and liabilities | 10/49 | €89,600 | €73,760 | -€15,839 | -17.7% |
| Equity | 10/15 | €55,369 | €49,220 | -€6,149 | -11.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,777 | €30,628 | -€6,149 | -16.7% |
| Distributable reserves | 133 | €36,777 | €30,628 | -€6,149 | -16.7% |
| Amounts payable | 17/49 | €34,231 | €24,540 | -€9,690 | -28.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,668 | €21,305 | -€11,363 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €5,303 | €0 | -€5,303 | -100% |
| Trade debts | 44 | €466 | €4,936 | +€4,470 | +960% |
| Suppliers | 440/4 | €466 | €4,936 | +€4,470 | +960% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,581 | €2,832 | -€2,749 | -49.3% |
| Taxes | 450/3 | €3,456 | €2,832 | -€624 | -18.0% |
| Remuneration and social security | 454/9 | €2,125 | €0 | -€2,125 | -100% |
| Other amounts payable | 47/48 | €21,318 | €13,537 | -€7,781 | -36.5% |
| Accrued charges and deferred income | 492/3 | €1,563 | €3,235 | +€1,672 | +107% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,542 | €15,804 | +€1,262 | +8.7% |
| Other operating charges | 640/8 | €794 | €1,603 | +€809 | +102% |
| Non-recurring operating charges | 66A | €39 | €1,874 | +€1,836 | +4,739% |
| Gross operating margin | 9900 | €8,857 | €13,096 | +€4,239 | +47.9% |
| Operating profit (loss) | 9901 | -€6,518 | -€6,186 | +€333 | +5.1% |
| Financial income | 75/76B | €354 | €246 | -€108 | -30.6% |
| Recurring financial income | 75 | €354 | €246 | -€108 | -30.6% |
| Financial charges | 65/66B | €314 | €209 | -€105 | -33.3% |
| Recurring financial charges | 65 | €314 | €209 | -€105 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,478 | -€6,149 | +€329 | +5.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,478 | -€6,149 | +€329 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,478 | -€6,149 | +€329 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.