COPRODUCT: 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.
COPRODUCT
Largest movements
- Tangible fixed assets -€5,912
down €5,912 (-33.5%), from €17,630 to €11,718
of which Furniture and vehicles: -€4,982
- Receivables within one year -€2,763
down €2,763 (-71.1%), from €3,888 to €1,125
of which Other amounts receivable: -€2,763
- Cash -€1,605
down €1,605 (-64.2%), from €2,498 to €893
mainly Net result for the year (-€10,070) and Current portion of long-term debt (-€2,869)
- Profit (loss) carried forward -€10,070
down €10,070 (-45.4%), from -€22,176 to -€32,245
- Short-term financial debts +€4,172
up €4,172 (+20.8%), from €20,082 to €24,254
- Current portion of long-term debt -€2,869
down €2,869 (-91.4%), from €3,137 to €268
- Tax, wage and social debts -€1,461
no longer reported in 2025 (was €1,461)
- Advances received +€500
new in 2025: €500
- Gross operating margin +€4,441
up €4,441, from -€2,949 to €1,492
- Depreciation -€753
down €753 (-9.4%), from €7,968 to €7,216
- Taxes -€572
down €572 (-66.9%), from €855 to €283
- Other operating charges -€196
down €196 (-10.4%), from €1,891 to €1,695
- Financial charges +€111
up €111 (+4.9%), from €2,269 to €2,380
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 | €24,422 | €13,995 | -€10,427 | -42.7% |
| Fixed assets | 21/28 | €17,765 | €11,853 | -€5,912 | -33.3% |
| Tangible fixed assets | 22/27 | €17,630 | €11,718 | -€5,912 | -33.5% |
| Plant, machinery and equipment | 23 | €2,053 | €1,561 | -€492 | -24.0% |
| Furniture and vehicles | 24 | €15,139 | €10,157 | -€4,982 | -32.9% |
| Other tangible fixed assets | 26 | €438 | - | -€438 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €6,657 | €2,142 | -€4,515 | -67.8% |
| Amounts receivable within one year | 40/41 | €3,888 | €1,125 | -€2,763 | -71.1% |
| Trade receivables | 40 | €345 | €345 | = | 0.0% |
| Other amounts receivable | 41 | €3,542 | €780 | -€2,763 | -78.0% |
| Cash at bank and in hand | 54/58 | €2,498 | €893 | -€1,605 | -64.2% |
| Deferred charges and accrued income | 490/1 | €272 | €124 | -€148 | -54.4% |
| Total equity and liabilities | 10/49 | €24,422 | €13,995 | -€10,427 | -42.7% |
| Equity | 10/15 | -€2,685 | -€12,755 | -€10,070 | -375.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €899 | €899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €899 | €899 | = | 0.0% |
| Reserves not available under the articles | 1311 | €899 | - | -€899 | |
| Other | 1319 | - | €899 | +€899 | |
| Profit (loss) carried forward | 14 | -€22,176 | -€32,245 | -€10,070 | -45.4% |
| Amounts payable | 17/49 | €27,107 | €26,750 | -€357 | -1.3% |
| Amounts payable after more than one year | 17 | €268 | - | -€268 | |
| Financial debts | 170/4 | €268 | - | -€268 | |
| Amounts payable within one year | 42/48 | €26,839 | €26,750 | -€89 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €3,137 | €268 | -€2,869 | -91.4% |
| Financial debts | 43 | €20,082 | €24,254 | +€4,172 | +20.8% |
| Credit institutions | 430/8 | €20,082 | €24,254 | +€4,172 | +20.8% |
| Trade debts | 44 | €2,158 | €1,727 | -€431 | -20.0% |
| Suppliers | 440/4 | €2,158 | €1,727 | -€431 | -20.0% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €1,461 | - | -€1,461 | |
| Taxes | 450/3 | €1,461 | - | -€1,461 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,968 | €7,216 | -€753 | -9.4% |
| Other operating charges | 640/8 | €1,891 | €1,695 | -€196 | -10.4% |
| Gross operating margin | 9900 | -€2,949 | €1,492 | +€4,441 | |
| Operating profit (loss) | 9901 | -€12,809 | -€7,419 | +€5,390 | +42.1% |
| Financial income | 75/76B | €21 | €13 | -€8 | -39.5% |
| Recurring financial income | 75 | €21 | €13 | -€8 | -39.5% |
| Financial charges | 65/66B | €2,269 | €2,380 | +€111 | +4.9% |
| Recurring financial charges | 65 | €2,269 | €2,380 | +€111 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,058 | -€9,787 | +€5,271 | +35.0% |
| Income taxes | 67/77 | €855 | €283 | -€572 | -66.9% |
| Profit (loss) for the period | 9904 | -€15,912 | -€10,070 | +€5,843 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,912 | -€10,070 | +€5,843 | +36.7% |
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 4 October 2026 via checked.be.