COPPIA: what changed
Two fiscal 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.
What changed
COPPIA
NACE 47.721, Retail sale of footwear
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,519
2024 · €19,877-€1,358
Equity
€294,307
2024 · €370,669-€76,362
Cash
€145,065
2024 · €141,868+€3,198
Balance sheet total
€466,024
2024 · €486,280-€20,256
Largest movements
Assets
- Stocks and contracts -€26,587
down €26,587 (-15.6%), from €170,581 to €143,994
Equity and liabilities
- Other debts +€89,107
up €89,107 (+7946.1%), from €1,121 to €90,229
- Reserves -€76,362
down €76,362 (-33.9%), from €225,396 to €149,033
of which Distributable reserves: -€76,362
- Trade debts -€31,901
down €31,901 (-50.6%), from €63,039 to €31,138
Income statement
- Depreciation +€3,380
up €3,380 (+59.6%), from €5,668 to €9,047
- Taxes -€3,332
down €3,332 (-29.1%), from €11,465 to €8,134
- Financial charges +€2,275
up €2,275 (+220.8%), from €1,030 to €3,306
- Financial income +€847
up €847 (+133.9%), from €633 to €1,480
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.
Result 2024
€19,877
Gross operating margin
+€279
Depreciation
-€3,380
Other operating charges
-€161
Financial income
+€847
Financial charges
-€2,275
Taxes
+€3,332
Result 2025
€18,519
Cash bridge derived
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.
From operations
+€108,284
Investment
-€8,289
Financing
-€96,798
Cash 2024
€141,868
From operations (derived)
+€108,284
Net result for the year
+€18,519
Depreciation
+€9,047
Stocks and contracts
+€26,587
Receivables within one year
-€3,866
Deferred charges and accrued income
-€25
Trade debts
-€31,901
Tax, wage and social debts
+€2,248
Other debts
+€89,107
Accrued charges and deferred income
-€1,432
Investment (derived)
-€8,289
Investment in fixed assets (net)
-€8,289
Financing
-€96,798
Debts after one year
-€2,014
Current portion of long-term debt
+€97
Contributions, distributions and other
-€94,881
Cash 2025
€145,065
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,280 | €466,024 | -€20,256 | -4.2% |
| Fixed assets | 21/28 | €172,140 | €171,382 | -€758 | -0.4% |
| Tangible fixed assets | 22/27 | €168,390 | €167,632 | -€758 | -0.5% |
| Land and buildings | 22 | €156,448 | €153,329 | -€3,119 | -2.0% |
| Plant, machinery and equipment | 23 | €8,735 | €6,760 | -€1,975 | -22.6% |
| Furniture and vehicles | 24 | €1,731 | €7,175 | +€5,444 | +314.5% |
| Other tangible fixed assets | 26 | €1,476 | €368 | -€1,108 | -75.1% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €314,140 | €294,642 | -€19,498 | -6.2% |
| Stocks and contracts in progress | 3 | €170,581 | €143,994 | -€26,587 | -15.6% |
| Stocks | 30/36 | €170,581 | €143,994 | -€26,587 | -15.6% |
| Amounts receivable within one year | 40/41 | €535 | €4,401 | +€3,866 | +723.1% |
| Other amounts receivable | 41 | €535 | €4,401 | +€3,866 | +723.1% |
| Cash at bank and in hand | 54/58 | €141,868 | €145,065 | +€3,198 | +2.3% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,182 | +€25 | +2.2% |
| Total equity and liabilities | 10/49 | €486,280 | €466,024 | -€20,256 | -4.2% |
| Equity | 10/15 | €370,669 | €294,307 | -€76,362 | -20.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €225,396 | €149,033 | -€76,362 | -33.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,305 | €5,305 | = | 0.0% |
| Distributable reserves | 133 | €220,091 | €143,729 | -€76,362 | -34.7% |
| Profit (loss) carried forward | 14 | €80,273 | €80,273 | = | 0.0% |
| Provisions and deferred taxes | 16 | €30,433 | €30,433 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,433 | €30,433 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,433 | €30,433 | = | 0.0% |
| Amounts payable | 17/49 | €85,178 | €141,284 | +€56,106 | +65.9% |
| Amounts payable after more than one year | 17 | €4,858 | €2,844 | -€2,014 | -41.4% |
| Financial debts | 170/4 | €4,858 | €2,844 | -€2,014 | -41.4% |
| Amounts payable within one year | 42/48 | €78,888 | €138,440 | +€59,552 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €1,916 | €2,014 | +€97 | +5.1% |
| Trade debts | 44 | €63,039 | €31,138 | -€31,901 | -50.6% |
| Suppliers | 440/4 | €63,039 | €31,138 | -€31,901 | -50.6% |
| Taxes, remuneration and social security | 45 | €12,812 | €15,060 | +€2,248 | +17.5% |
| Taxes | 450/3 | €12,812 | €12,060 | -€752 | -5.9% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €1,121 | €90,229 | +€89,107 | +7946.1% |
| Accrued charges and deferred income | 492/3 | €1,432 | €0 | -€1,432 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,668 | €9,047 | +€3,380 | +59.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,800 | €2,961 | +€161 | +5.8% |
| Gross operating margin | 9900 | €40,207 | €40,486 | +€279 | +0.7% |
| Operating profit (loss) | 9901 | €31,740 | €28,478 | -€3,261 | -10.3% |
| Financial income | 75/76B | €633 | €1,480 | +€847 | +133.9% |
| Recurring financial income | 75 | €633 | €1,480 | +€847 | +133.9% |
| Financial charges | 65/66B | €1,030 | €3,306 | +€2,275 | +220.8% |
| Recurring financial charges | 65 | €1,030 | €3,306 | +€2,275 | +220.8% |
| Profit (loss) for the period before taxes | 9903 | €31,342 | €26,653 | -€4,689 | -15.0% |
| Income taxes | 67/77 | €11,465 | €8,134 | -€3,332 | -29.1% |
| Profit (loss) for the period | 9904 | €19,877 | €18,519 | -€1,358 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,877 | €18,519 | -€1,358 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.