COPPIN: 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.
COPPIN
Largest movements
- Tangible fixed assets +€76,893
up €76,893 (+78.0%), from €98,609 to €175,503
of which Furniture and vehicles: +€79,362
- Receivables within one year -€36,523
down €36,523 (-37.8%), from €96,667 to €60,144
of which Trade receivables: -€44,903
- Deferred charges and accrued income -€4,358
down €4,358 (-100.0%), from €4,358 to €0
- Cash +€4,121
up €4,121 (+23.7%), from €17,379 to €21,500
mainly Net result for the year (+€119,865) and Debts after one year (+€53,371)
- Profit (loss) carried forward +€69,865
up €69,865 (+58.8%), from -€118,858 to -€48,993
- Reserves -€53,400
down €53,400 (-18.2%), from €292,754 to €239,354
- Debts after one year +€53,371
new in 2025: €53,371
- Tax, wage and social debts -€43,170
down €43,170 (-69.7%), from €61,970 to €18,800
of which Taxes: -€46,470
- Current portion of long-term debt +€21,748
up €21,748, from €0 to €21,748
- Gross operating margin +€147,500
up €147,500 (+254.3%), from €58,008 to €205,508
- Taxes +€35,290
up €35,290 (+224.1%), from €15,746 to €51,036
- Depreciation +€15,928
up €15,928 (+107.5%), from €14,813 to €30,740
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,513 | €299,646 | +€40,133 | +15.5% |
| Fixed assets | 21/28 | €98,609 | €175,503 | +€76,893 | +78.0% |
| Tangible fixed assets | 22/27 | €98,609 | €175,503 | +€76,893 | +78.0% |
| Plant, machinery and equipment | 23 | €53,166 | €57,724 | +€4,558 | +8.6% |
| Furniture and vehicles | 24 | €24,436 | €103,798 | +€79,362 | +324.8% |
| Other tangible fixed assets | 26 | €21,007 | €13,980 | -€7,027 | -33.5% |
| Current assets | 29/58 | €160,904 | €124,144 | -€36,760 | -22.8% |
| Amounts receivable after more than one year | 29 | €42,500 | €42,500 | = | 0.0% |
| Other amounts receivable | 291 | €42,500 | €42,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,667 | €60,144 | -€36,523 | -37.8% |
| Trade receivables | 40 | €60,764 | €15,861 | -€44,903 | -73.9% |
| Other amounts receivable | 41 | €35,902 | €44,283 | +€8,380 | +23.3% |
| Cash at bank and in hand | 54/58 | €17,379 | €21,500 | +€4,121 | +23.7% |
| Deferred charges and accrued income | 490/1 | €4,358 | €0 | -€4,358 | -100.0% |
| Total equity and liabilities | 10/49 | €259,513 | €299,646 | +€40,133 | +15.5% |
| Equity | 10/15 | €175,496 | €191,962 | +€16,465 | +9.4% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €292,754 | €239,354 | -€53,400 | -18.2% |
| Distributable reserves | 133 | €292,754 | €239,354 | -€53,400 | -18.2% |
| Profit (loss) carried forward | 14 | -€118,858 | -€48,993 | +€69,865 | +58.8% |
| Amounts payable | 17/49 | €84,017 | €107,685 | +€23,668 | +28.2% |
| Amounts payable after more than one year | 17 | - | €53,371 | +€53,371 | |
| Financial debts | 170/4 | - | €53,371 | +€53,371 | |
| Amounts payable within one year | 42/48 | €84,017 | €53,357 | -€30,659 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €21,748 | +€21,748 | |
| Trade debts | 44 | €5,976 | €12,810 | +€6,834 | +114.3% |
| Suppliers | 440/4 | €5,976 | €12,810 | +€6,834 | +114.3% |
| Taxes, remuneration and social security | 45 | €61,970 | €18,800 | -€43,170 | -69.7% |
| Taxes | 450/3 | €61,970 | €15,500 | -€46,470 | -75.0% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €16,071 | €0 | -€16,071 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €957 | +€957 | |
| Non-recurring operating income | 76A | - | €15,480 | +€15,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,813 | €30,740 | +€15,928 | +107.5% |
| Other operating charges | 640/8 | €1,410 | €3,284 | +€1,874 | +132.9% |
| Gross operating margin | 9900 | €58,008 | €205,508 | +€147,500 | +254.3% |
| Operating profit (loss) | 9901 | €41,786 | €171,484 | +€129,698 | +310.4% |
| Financial income | 75/76B | €3,932 | €2,278 | -€1,654 | -42.1% |
| Recurring financial income | 75 | €3,932 | €2,278 | -€1,654 | -42.1% |
| Financial charges | 65/66B | €1,068 | €2,861 | +€1,793 | +167.9% |
| Recurring financial charges | 65 | €1,068 | €2,861 | +€1,793 | +167.9% |
| Profit (loss) for the period before taxes | 9903 | €44,650 | €170,901 | +€126,252 | +282.8% |
| Income taxes | 67/77 | €15,746 | €51,036 | +€35,290 | +224.1% |
| Profit (loss) for the period | 9904 | €28,904 | €119,865 | +€90,961 | +314.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,904 | €119,865 | +€90,961 | +314.7% |
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 10 October 2026 via checked.be.