COPYCAT: 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.
COPYCAT
Largest movements
- Receivables within one year -€177,382
down €177,382 (-48.1%), from €368,457 to €191,075
of which Trade receivables: -€177,105
- Tangible fixed assets -€29,298
down €29,298 (-68.8%), from €42,580 to €13,282
of which Plant, machinery and equipment: -€22,546
- Cash +€18,224
up €18,224 (+53.1%), from €34,335 to €52,558
mainly Receivables within one year (+€177,382) and Other debts (+€31,577)
- Financial fixed assets -€4,800
down €4,800 (-100.0%), from €4,800 to €0
- Trade debts -€193,300
down €193,300 (-70.4%), from €274,630 to €81,330
- Other debts +€31,577
up €31,577 (+259.0%), from €12,192 to €43,770
- Debts after one year -€27,258
down €27,258 (-100.0%), from €27,258 to €0
- Tax, wage and social debts -€21,908
down €21,908 (-27.5%), from €79,621 to €57,713
of which Remuneration and social security: -€16,050
- Current portion of long-term debt +€10,516
up €10,516 (+62.8%), from €16,742 to €27,258
- Gross operating margin -€161,521
down €161,521 (-31.9%), from €506,346 to €344,825
- Staff costs -€154,353
down €154,353 (-35.9%), from €429,866 to €275,513
- Depreciation -€55,240
down €55,240 (-67.3%), from €82,090 to €26,850
- Financial income -€5,946
down €5,946 (-97.4%), from €6,104 to €158
- Taxes +€5,139
up €5,139 (+97.2%), from €5,287 to €10,426
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 | €457,102 | €257,815 | -€199,287 | -43.6% |
| Fixed assets | 21/28 | €49,935 | €13,282 | -€36,653 | -73.4% |
| Intangible fixed assets | 21 | €2,555 | €0 | -€2,555 | -100.0% |
| Tangible fixed assets | 22/27 | €42,580 | €13,282 | -€29,298 | -68.8% |
| Plant, machinery and equipment | 23 | €34,159 | €11,613 | -€22,546 | -66.0% |
| Furniture and vehicles | 24 | €5,222 | €0 | -€5,222 | -100.0% |
| Other tangible fixed assets | 26 | €3,199 | €1,669 | -€1,530 | -47.8% |
| Financial fixed assets | 28 | €4,800 | €0 | -€4,800 | -100.0% |
| Current assets | 29/58 | €407,168 | €244,533 | -€162,634 | -39.9% |
| Stocks and contracts in progress | 3 | €2,476 | €0 | -€2,476 | -100.0% |
| Stocks | 30/36 | €2,476 | €0 | -€2,476 | -100.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €368,457 | €191,075 | -€177,382 | -48.1% |
| Trade receivables | 40 | €368,180 | €191,075 | -€177,105 | -48.1% |
| Other amounts receivable | 41 | €277 | €0 | -€277 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,335 | €52,558 | +€18,224 | +53.1% |
| Deferred charges and accrued income | 490/1 | €1,900 | €900 | -€1,000 | -52.6% |
| Total equity and liabilities | 10/49 | €457,102 | €257,815 | -€199,287 | -43.6% |
| Equity | 10/15 | €46,659 | €47,744 | +€1,085 | +2.3% |
| Contributions | 10/11 | €12,775 | €12,775 | = | 0.0% |
| Reserves | 13 | €31,331 | €32,416 | +€1,085 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,471 | €30,556 | +€1,085 | +3.7% |
| Profit (loss) carried forward | 14 | €2,553 | €2,553 | = | 0.0% |
| Amounts payable | 17/49 | €410,444 | €210,071 | -€200,373 | -48.8% |
| Amounts payable after more than one year | 17 | €27,258 | €0 | -€27,258 | -100.0% |
| Financial debts | 170/4 | €27,258 | €0 | -€27,258 | -100.0% |
| Amounts payable within one year | 42/48 | €383,186 | €210,071 | -€173,115 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €16,742 | €27,258 | +€10,516 | +62.8% |
| Trade debts | 44 | €274,630 | €81,330 | -€193,300 | -70.4% |
| Suppliers | 440/4 | €274,630 | €81,330 | -€193,300 | -70.4% |
| Taxes, remuneration and social security | 45 | €79,621 | €57,713 | -€21,908 | -27.5% |
| Taxes | 450/3 | €44,267 | €38,409 | -€5,858 | -13.2% |
| Remuneration and social security | 454/9 | €35,354 | €19,304 | -€16,050 | -45.4% |
| Other amounts payable | 47/48 | €12,192 | €43,770 | +€31,577 | +259.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,584 | +€1,584 | |
| Remuneration, social security and pensions | 62 | €429,866 | €275,513 | -€154,353 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,090 | €26,850 | -€55,240 | -67.3% |
| Other operating charges | 640/8 | €782 | €1,279 | +€496 | +63.5% |
| Non-recurring operating charges | 66A | €0 | €3,929 | +€3,929 | |
| Gross operating margin | 9900 | €506,346 | €344,825 | -€161,521 | -31.9% |
| Operating profit (loss) | 9901 | -€6,393 | €37,254 | +€43,647 | |
| Financial income | 75/76B | €6,104 | €158 | -€5,946 | -97.4% |
| Recurring financial income | 75 | €6,104 | €158 | -€5,946 | -97.4% |
| Financial charges | 65/66B | €1,969 | €901 | -€1,068 | -54.2% |
| Recurring financial charges | 65 | €1,969 | €901 | -€1,068 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,258 | €36,511 | +€38,769 | |
| Income taxes | 67/77 | €5,287 | €10,426 | +€5,139 | +97.2% |
| Profit (loss) for the period | 9904 | -€7,545 | €26,085 | +€33,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,545 | €26,085 | +€33,630 |
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 9 October 2026 via checked.be.