COPS: 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.
COPS
Largest movements
- Tangible fixed assets +€1,817
up €1,817 (+14.3%), from €12,678 to €14,495
of which Other tangible fixed assets: +€6,813
- Receivables within one year +€523
up €523 (+21.2%), from €2,471 to €2,995
of which Trade receivables: +€2,856
- Cash +€274
up €274 (+72.1%), from €380 to €654
mainly Debts within one year (+€36,523) and Depreciation (+€6,491)
- Debts within one year +€36,523
up €36,523 (+60.8%), from €60,112 to €96,635
of which Other debts: +€91,607
- Equity -€33,908
down €33,908 (-76.7%), from -€44,220 to -€78,128
of which Profit (loss) carried forward: -€33,908
- Gross operating margin -€19,757
down €19,757 (-367%), from -€5,383 to -€25,140
- Other operating charges +€2,040
new in 2021: €2,040
- Depreciation +€1,566
up €1,566 (+31.8%), from €4,925 to €6,491
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,893 | €18,507 | +€2,615 | +16.5% |
| Fixed assets | 21/28 | €13,041 | €14,858 | +€1,817 | +13.9% |
| Tangible fixed assets | 22/27 | €12,678 | €14,495 | +€1,817 | +14.3% |
| Plant, machinery and equipment | 23 | - | €2,764 | +€2,764 | |
| Furniture and vehicles | 24 | - | €4,918 | +€4,918 | |
| Other tangible fixed assets | 26 | - | €6,813 | +€6,813 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €2,851 | €3,649 | +€798 | +28.0% |
| Amounts receivable within one year | 40/41 | €2,471 | €2,995 | +€523 | +21.2% |
| Trade receivables | 40 | - | €2,856 | +€2,856 | |
| Other amounts receivable | 41 | - | €139 | +€139 | |
| Cash at bank and in hand | 54/58 | €380 | €654 | +€274 | +72.1% |
| Total equity and liabilities | 10/49 | €15,893 | €18,507 | +€2,615 | +16.5% |
| Equity | 10/15 | -€44,220 | -€78,128 | -€33,908 | -76.7% |
| Contributions | 10/11 | - | €11,250 | +€11,250 | |
| Reserves | 13 | €247 | €247 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €247 | +€247 | |
| Reserves not available under the articles | 1311 | - | €247 | +€247 | |
| Profit (loss) carried forward | 14 | -€55,717 | -€89,625 | -€33,908 | -60.9% |
| Amounts payable | 17/49 | €60,112 | €96,635 | +€36,523 | +60.8% |
| Amounts payable within one year | 42/48 | €60,112 | €96,635 | +€36,523 | +60.8% |
| Trade debts | 44 | €595 | €3,747 | +€3,152 | +530% |
| Suppliers | 440/4 | - | €3,747 | +€3,747 | |
| Taxes, remuneration and social security | 45 | - | €1,282 | +€1,282 | |
| Taxes | 450/3 | - | €282 | +€282 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | - | €91,607 | +€91,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,925 | €6,491 | +€1,566 | +31.8% |
| Other operating charges | 640/8 | - | €2,040 | +€2,040 | |
| Gross operating margin | 9900 | -€5,383 | -€25,140 | -€19,757 | -367% |
| Operating profit (loss) | 9901 | -€11,220 | -€33,671 | -€22,451 | -200% |
| Financial charges | 65/66B | - | €120 | +€120 | |
| Recurring financial charges | 65 | €133 | €120 | -€13 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,353 | -€33,791 | -€22,438 | -198% |
| Income taxes | 67/77 | €265 | €117 | -€148 | -55.9% |
| Profit (loss) for the period | 9904 | -€11,618 | -€33,908 | -€22,290 | -192% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,618 | -€33,908 | -€22,290 | -192% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.