Copperhead Engineering: 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.
Copperhead Engineering
Largest movements
- Cash +€74,249
up €74,249 (+17.9%), from €415,359 to €489,609
mainly Net result for the year (+€55,032) and Depreciation (+€32,944)
- Tangible fixed assets -€32,944
down €32,944 (-38.9%), from €84,776 to €51,831
- Reserves +€55,032
up €55,032 (+9.3%), from €594,797 to €649,830
- Tax, wage and social debts -€8,915
down €8,915 (-61.8%), from €14,419 to €5,503
- Gross operating margin -€4,059
down €4,059 (-3.9%), from €103,776 to €99,717
- Financial income +€1,688
up €1,688 (+20.7%), from €8,156 to €9,843
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 | €628,670 | €675,671 | +€47,001 | +7.5% |
| Fixed assets | 21/28 | €84,776 | €51,831 | -€32,944 | -38.9% |
| Tangible fixed assets | 22/27 | €84,776 | €51,831 | -€32,944 | -38.9% |
| Furniture and vehicles | 24 | €84,776 | €51,831 | -€32,944 | -38.9% |
| Current assets | 29/58 | €543,894 | €623,840 | +€79,946 | +14.7% |
| Amounts receivable within one year | 40/41 | €14,792 | €17,889 | +€3,097 | +20.9% |
| Trade receivables | 40 | €14,012 | €16,786 | +€2,774 | +19.8% |
| Other amounts receivable | 41 | €780 | €1,103 | +€323 | +41.4% |
| Current investments | 50/53 | €110,000 | €110,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €415,359 | €489,609 | +€74,249 | +17.9% |
| Deferred charges and accrued income | 490/1 | €3,743 | €6,343 | +€2,600 | +69.4% |
| Total equity and liabilities | 10/49 | €628,670 | €675,671 | +€47,001 | +7.5% |
| Equity | 10/15 | €613,347 | €668,380 | +€55,032 | +9.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €594,797 | €649,830 | +€55,032 | +9.3% |
| Distributable reserves | 133 | €594,797 | €649,830 | +€55,032 | +9.3% |
| Amounts payable | 17/49 | €15,323 | €7,292 | -€8,031 | -52.4% |
| Amounts payable within one year | 42/48 | €14,591 | €5,593 | -€8,999 | -61.7% |
| Trade debts | 44 | €88 | €89 | +€2 | +1.9% |
| Suppliers | 440/4 | €88 | €89 | +€2 | +1.9% |
| Taxes, remuneration and social security | 45 | €14,419 | €5,503 | -€8,915 | -61.8% |
| Taxes | 450/3 | €14,419 | €5,503 | -€8,915 | -61.8% |
| Other amounts payable | 47/48 | €85 | - | -€85 | |
| Accrued charges and deferred income | 492/3 | €732 | €1,699 | +€968 | +132% |
| Non-recurring operating income | 76A | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,717 | €32,944 | -€773 | -2.3% |
| Other operating charges | 640/8 | €691 | €709 | +€18 | +2.6% |
| Gross operating margin | 9900 | €103,776 | €99,717 | -€4,059 | -3.9% |
| Operating profit (loss) | 9901 | €69,368 | €66,064 | -€3,304 | -4.8% |
| Financial income | 75/76B | €8,156 | €9,843 | +€1,688 | +20.7% |
| Recurring financial income | 75 | €8,156 | €9,843 | +€1,688 | +20.7% |
| Financial charges | 65/66B | €6 | - | -€6 | |
| Recurring financial charges | 65 | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | €77,518 | €75,907 | -€1,610 | -2.1% |
| Income taxes | 67/77 | €21,326 | €20,875 | -€451 | -2.1% |
| Profit (loss) for the period | 9904 | €56,192 | €55,032 | -€1,160 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,192 | €55,032 | -€1,160 | -2.1% |
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 17 October 2026 via checked.be.