COPPINI: 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.
COPPINI
Largest movements
- Receivables within one year -€125,654
down €125,654 (-36.3%), from €345,713 to €220,059
of which Trade receivables: -€138,716
- Stocks and contracts -€92,500
no longer reported in 2025 (was €92,500)
- Cash -€54,974
down €54,974 (-50.4%), from €109,007 to €54,034
mainly Other debts (-€225,917) and Tax, wage and social debts (-€48,752)
- Tangible fixed assets -€15,323
down €15,323 (-31.8%), from €48,218 to €32,896
of which Furniture and vehicles: -€12,418
- Other debts -€225,917
down €225,917 (-64.7%), from €348,935 to €123,018
- Tax, wage and social debts -€48,752
no longer reported in 2025 (was €48,752)
- Profit (loss) carried forward -€7,451
down €7,451 (-149.6%), from -€4,980 to -€12,431
- Trade debts -€6,332
down €6,332 (-7.8%), from €81,413 to €75,082
- Gross operating margin -€23,534
down €23,534 (-42.6%), from €55,192 to €31,657
- Financial charges -€18,387
down €18,387 (-77.5%), from €23,712 to €5,326
- Taxes +€8,479
up €8,479 (+130.0%), from €6,521 to €15,000
- Financial income -€4,618
down €4,618 (-75.9%), from €6,087 to €1,469
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 | €595,439 | €306,989 | -€288,451 | -48.4% |
| Fixed assets | 21/28 | €48,218 | €32,896 | -€15,323 | -31.8% |
| Tangible fixed assets | 22/27 | €48,218 | €32,896 | -€15,323 | -31.8% |
| Plant, machinery and equipment | 23 | €20,352 | €17,447 | -€2,904 | -14.3% |
| Furniture and vehicles | 24 | €27,867 | €15,449 | -€12,418 | -44.6% |
| Current assets | 29/58 | €547,221 | €274,093 | -€273,128 | -49.9% |
| Stocks and contracts in progress | 3 | €92,500 | - | -€92,500 | |
| Stocks | 30/36 | €92,500 | - | -€92,500 | |
| Amounts receivable within one year | 40/41 | €345,713 | €220,059 | -€125,654 | -36.3% |
| Trade receivables | 40 | €345,713 | €206,998 | -€138,716 | -40.1% |
| Other amounts receivable | 41 | - | €13,062 | +€13,062 | |
| Cash at bank and in hand | 54/58 | €109,007 | €54,034 | -€54,974 | -50.4% |
| Total equity and liabilities | 10/49 | €595,439 | €306,989 | -€288,451 | -48.4% |
| Equity | 10/15 | €116,339 | €108,889 | -€7,451 | -6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €59,320 | €59,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,171 | €6,171 | = | 0.0% |
| Legal reserve | 130 | €6,171 | €6,171 | = | 0.0% |
| Distributable reserves | 133 | €53,149 | €53,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,980 | -€12,431 | -€7,451 | -149.6% |
| Amounts payable | 17/49 | €479,100 | €198,100 | -€281,000 | -58.7% |
| Amounts payable within one year | 42/48 | €479,100 | €198,100 | -€281,000 | -58.7% |
| Trade debts | 44 | €81,413 | €75,082 | -€6,332 | -7.8% |
| Suppliers | 440/4 | €81,413 | €75,082 | -€6,332 | -7.8% |
| Taxes, remuneration and social security | 45 | €48,752 | - | -€48,752 | |
| Taxes | 450/3 | €48,752 | - | -€48,752 | |
| Other amounts payable | 47/48 | €348,935 | €123,018 | -€225,917 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,396 | €19,823 | +€426 | +2.2% |
| Other operating charges | 640/8 | €603 | €428 | -€175 | -29.0% |
| Gross operating margin | 9900 | €55,192 | €31,657 | -€23,534 | -42.6% |
| Operating profit (loss) | 9901 | €35,192 | €11,407 | -€23,786 | -67.6% |
| Financial income | 75/76B | €6,087 | €1,469 | -€4,618 | -75.9% |
| Recurring financial income | 75 | €6,087 | €1,469 | -€4,618 | -75.9% |
| Financial charges | 65/66B | €23,712 | €5,326 | -€18,387 | -77.5% |
| Recurring financial charges | 65 | €23,712 | €5,326 | -€18,387 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €17,567 | €7,549 | -€10,017 | -57.0% |
| Income taxes | 67/77 | €6,521 | €15,000 | +€8,479 | +130.0% |
| Profit (loss) for the period | 9904 | €11,046 | -€7,451 | -€18,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,046 | -€7,451 | -€18,496 |
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 29 September 2026 via checked.be.