COPTEX: 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.
COPTEX
Largest movements
- Stocks and contracts +€70,205
up €70,205 (+52.1%), from €134,731 to €204,935
- Cash -€23,286
down €23,286 (-92.0%), from €25,311 to €2,026
mainly Stocks and contracts (-€70,205) and Receivables within one year (-€8,777)
- Receivables within one year +€8,777
up €8,777 (+8.4%), from €104,176 to €112,953
of which Trade receivables: +€30,592
- Tangible fixed assets -€7,511
down €7,511 (-11.2%), from €67,085 to €59,574
of which Plant, machinery and equipment: -€7,511
- Advances received +€23,780
up €23,780 (+70.2%), from €33,892 to €57,673
- Debts after one year +€12,681
up €12,681 (+16.3%), from €77,620 to €90,301
- Profit (loss) carried forward +€7,907
up €7,907 (+5.7%), from €139,535 to €147,441
- Trade debts -€6,393
down €6,393 (-14.0%), from €45,529 to €39,136
- Current portion of long-term debt +€6,026
up €6,026 (+52.8%), from €11,421 to €17,446
- Staff costs +€19,892
new in 2025: €19,892
- Gross operating margin +€11,661
up €11,661 (+30.7%), from €37,967 to €49,628
- Taxes +€6,976
new in 2025: €6,976
- Other operating charges -€4,363
down €4,363 (-92.4%), from €4,723 to €360
- Depreciation +€2,805
up €2,805 (+59.6%), from €4,706 to €7,511
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 | €332,354 | €380,247 | +€47,893 | +14.4% |
| Fixed assets | 21/28 | €67,085 | €59,574 | -€7,511 | -11.2% |
| Tangible fixed assets | 22/27 | €67,085 | €59,574 | -€7,511 | -11.2% |
| Plant, machinery and equipment | 23 | €67,085 | €59,574 | -€7,511 | -11.2% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €265,268 | €320,672 | +€55,404 | +20.9% |
| Stocks and contracts in progress | 3 | €134,731 | €204,935 | +€70,205 | +52.1% |
| Stocks | 30/36 | €134,731 | €204,935 | +€70,205 | +52.1% |
| Amounts receivable within one year | 40/41 | €104,176 | €112,953 | +€8,777 | +8.4% |
| Trade receivables | 40 | €82,361 | €112,953 | +€30,592 | +37.1% |
| Other amounts receivable | 41 | €21,815 | - | -€21,815 | |
| Cash at bank and in hand | 54/58 | €25,311 | €2,026 | -€23,286 | -92.0% |
| Deferred charges and accrued income | 490/1 | €1,050 | €758 | -€292 | -27.8% |
| Total equity and liabilities | 10/49 | €332,354 | €380,247 | +€47,893 | +14.4% |
| Equity | 10/15 | €161,535 | €169,441 | +€7,907 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,535 | €147,441 | +€7,907 | +5.7% |
| Amounts payable | 17/49 | €170,819 | €210,806 | +€39,986 | +23.4% |
| Amounts payable after more than one year | 17 | €77,620 | €90,301 | +€12,681 | +16.3% |
| Financial debts | 170/4 | €77,620 | €90,301 | +€12,681 | +16.3% |
| Amounts payable within one year | 42/48 | €93,199 | €120,504 | +€27,305 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €11,421 | €17,446 | +€6,026 | +52.8% |
| Trade debts | 44 | €45,529 | €39,136 | -€6,393 | -14.0% |
| Suppliers | 440/4 | €45,529 | €39,136 | -€6,393 | -14.0% |
| Advances received on contracts in progress | 46 | €33,892 | €57,673 | +€23,780 | +70.2% |
| Taxes, remuneration and social security | 45 | €2,357 | €6,249 | +€3,892 | +165.2% |
| Taxes | 450/3 | €2,357 | €6,033 | +€3,676 | +156.0% |
| Remuneration and social security | 454/9 | - | €216 | +€216 | |
| Remuneration, social security and pensions | 62 | - | €19,892 | +€19,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,706 | €7,511 | +€2,805 | +59.6% |
| Other operating charges | 640/8 | €4,723 | €360 | -€4,363 | -92.4% |
| Gross operating margin | 9900 | €37,967 | €49,628 | +€11,661 | +30.7% |
| Operating profit (loss) | 9901 | €28,538 | €21,865 | -€6,673 | -23.4% |
| Financial income | 75/76B | €1,530 | €910 | -€621 | -40.6% |
| Recurring financial income | 75 | €1,530 | €910 | -€621 | -40.6% |
| Financial charges | 65/66B | €5,297 | €7,892 | +€2,595 | +49.0% |
| Recurring financial charges | 65 | €5,297 | €7,892 | +€2,595 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €24,771 | €14,883 | -€9,888 | -39.9% |
| Income taxes | 67/77 | - | €6,976 | +€6,976 | |
| Profit (loss) for the period | 9904 | €24,771 | €7,907 | -€16,865 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,771 | €7,907 | -€16,865 | -68.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.