Copperhorsebar: 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.
Copperhorsebar
Largest movements
- Cash -€1,094
down €1,094 (-26.5%), from €4,129 to €3,035
mainly Net result for the year (-€1,410) and Receivables within one year (-€662)
- Receivables within one year +€662
up €662 (+22.7%), from €2,922 to €3,584
of which Other amounts receivable: +€803
- Tangible fixed assets -€344
down €344 (-33.7%), from €1,019 to €676
- Reserves -€1,410
down €1,410 (-57.9%), from €2,435 to €1,025
- Trade debts +€1,146
up €1,146 (+52.0%), from €2,206 to €3,352
- Tax, wage and social debts -€585
down €585 (-38.9%), from €1,503 to €918
- Gross operating margin -€4,988
down €4,988 (-99.3%), from €5,025 to €38
- Other operating charges -€970
down €970 (-52.0%), from €1,868 to €897
- Taxes -€640
no longer reported in 2025 (was €640)
- Depreciation +€332
up €332 (+2,716%), from €12 to €344
- Financial charges +€136
up €136 (+191%), from €71 to €207
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 | €8,144 | €7,295 | -€849 | -10.4% |
| Fixed assets | 21/28 | €1,019 | €676 | -€344 | -33.7% |
| Tangible fixed assets | 22/27 | €1,019 | €676 | -€344 | -33.7% |
| Plant, machinery and equipment | 23 | €1,019 | €676 | -€344 | -33.7% |
| Current assets | 29/58 | €7,125 | €6,619 | -€505 | -7.1% |
| Amounts receivable within one year | 40/41 | €2,922 | €3,584 | +€662 | +22.7% |
| Trade receivables | 40 | €2,716 | €2,575 | -€141 | -5.2% |
| Other amounts receivable | 41 | €206 | €1,009 | +€803 | +390% |
| Cash at bank and in hand | 54/58 | €4,129 | €3,035 | -€1,094 | -26.5% |
| Deferred charges and accrued income | 490/1 | €73 | - | -€73 | |
| Total equity and liabilities | 10/49 | €8,144 | €7,295 | -€849 | -10.4% |
| Equity | 10/15 | €4,435 | €3,025 | -€1,410 | -31.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,435 | €1,025 | -€1,410 | -57.9% |
| Distributable reserves | 133 | €2,435 | €1,025 | -€1,410 | -57.9% |
| Amounts payable | 17/49 | €3,709 | €4,270 | +€561 | +15.1% |
| Amounts payable within one year | 42/48 | €3,709 | €4,270 | +€561 | +15.1% |
| Trade debts | 44 | €2,206 | €3,352 | +€1,146 | +52.0% |
| Suppliers | 440/4 | €2,206 | €3,352 | +€1,146 | +52.0% |
| Taxes, remuneration and social security | 45 | €1,503 | €918 | -€585 | -38.9% |
| Taxes | 450/3 | €1,503 | €918 | -€585 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12 | €344 | +€332 | +2,716% |
| Other operating charges | 640/8 | €1,868 | €897 | -€970 | -52.0% |
| Gross operating margin | 9900 | €5,025 | €38 | -€4,988 | -99.3% |
| Operating profit (loss) | 9901 | €3,146 | -€1,204 | -€4,349 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -40.3% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -40.3% |
| Financial charges | 65/66B | €71 | €207 | +€136 | +191% |
| Recurring financial charges | 65 | €71 | €207 | +€136 | +191% |
| Profit (loss) for the period before taxes | 9903 | €3,075 | -€1,410 | -€4,485 | |
| Income taxes | 67/77 | €640 | - | -€640 | |
| Profit (loss) for the period | 9904 | €2,435 | -€1,410 | -€3,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,435 | -€1,410 | -€3,845 |
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 16 October 2026 via checked.be.