COPYHOUSE: 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.
COPYHOUSE
Largest movements
- Current investments -€40,000
down €40,000 (-16.7%), from €240,000 to €200,000
- Tangible fixed assets -€11,049
down €11,049 (-41.2%), from €26,799 to €15,750
of which Plant, machinery and equipment: -€6,651
- Cash +€10,079
up €10,079 (+81.4%), from €12,382 to €22,461
mainly Current investments (+€40,000) and Depreciation (+€11,049)
- Receivables within one year -€4,616
down €4,616 (-39.1%), from €11,815 to €7,199
of which Trade receivables: -€5,108
- Other debts -€47,556
down €47,556 (-66.2%), from €71,789 to €24,233
- Reserves +€3,471
up €3,471 (+1.8%), from €195,947 to €199,418
of which Distributable reserves: +€3,471
- Gross operating margin +€3,054
up €3,054 (+7.7%), from €39,434 to €42,487
- Depreciation +€2,798
up €2,798 (+33.9%), from €8,251 to €11,049
- Staff costs +€1,072
up €1,072 (+3.8%), from €28,259 to €29,330
- Taxes +€837
up €837 (+654%), from €128 to €965
- Financial income -€568
down €568 (-10.7%), from €5,317 to €4,749
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.
Derived cash bridge
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 | €299,868 | €256,784 | -€43,084 | -14.4% |
| Fixed assets | 21/28 | €26,817 | €15,768 | -€11,049 | -41.2% |
| Tangible fixed assets | 22/27 | €26,799 | €15,750 | -€11,049 | -41.2% |
| Land and buildings | 22 | €6,475 | €4,541 | -€1,934 | -29.9% |
| Plant, machinery and equipment | 23 | €15,095 | €8,444 | -€6,651 | -44.1% |
| Furniture and vehicles | 24 | €5,229 | €2,765 | -€2,464 | -47.1% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €273,051 | €241,016 | -€32,035 | -11.7% |
| Stocks and contracts in progress | 3 | €7,555 | €9,494 | +€1,940 | +25.7% |
| Stocks | 30/36 | €7,555 | €9,494 | +€1,940 | +25.7% |
| Amounts receivable within one year | 40/41 | €11,815 | €7,199 | -€4,616 | -39.1% |
| Trade receivables | 40 | €10,401 | €5,292 | -€5,108 | -49.1% |
| Other amounts receivable | 41 | €1,414 | €1,907 | +€493 | +34.8% |
| Current investments | 50/53 | €240,000 | €200,000 | -€40,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €12,382 | €22,461 | +€10,079 | +81.4% |
| Deferred charges and accrued income | 490/1 | €1,299 | €1,862 | +€563 | +43.4% |
| Total equity and liabilities | 10/49 | €299,868 | €256,784 | -€43,084 | -14.4% |
| Equity | 10/15 | €216,277 | €219,878 | +€3,602 | +1.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €195,947 | €199,418 | +€3,471 | +1.8% |
| Tax-exempt reserves | 132 | €114,680 | €114,680 | = | 0.0% |
| Distributable reserves | 133 | €81,267 | €84,738 | +€3,471 | +4.3% |
| Profit (loss) carried forward | 14 | -€131 | €0 | +€131 | |
| Amounts payable | 17/49 | €83,592 | €36,906 | -€46,685 | -55.8% |
| Amounts payable within one year | 42/48 | €83,207 | €36,543 | -€46,664 | -56.1% |
| Trade debts | 44 | €6,444 | €5,769 | -€675 | -10.5% |
| Suppliers | 440/4 | €6,444 | €5,769 | -€675 | -10.5% |
| Taxes, remuneration and social security | 45 | €4,974 | €6,541 | +€1,567 | +31.5% |
| Taxes | 450/3 | €1,827 | €3,262 | +€1,436 | +78.6% |
| Remuneration and social security | 454/9 | €3,147 | €3,278 | +€131 | +4.2% |
| Other amounts payable | 47/48 | €71,789 | €24,233 | -€47,556 | -66.2% |
| Accrued charges and deferred income | 492/3 | €384 | €363 | -€21 | -5.5% |
| Remuneration, social security and pensions | 62 | €28,259 | €29,330 | +€1,072 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €11,049 | +€2,798 | +33.9% |
| Other operating charges | 640/8 | €2,363 | €2,035 | -€328 | -13.9% |
| Gross operating margin | 9900 | €39,434 | €42,487 | +€3,054 | +7.7% |
| Operating profit (loss) | 9901 | €562 | €73 | -€488 | -87.0% |
| Financial income | 75/76B | €5,317 | €4,749 | -€568 | -10.7% |
| Recurring financial income | 75 | €5,317 | €4,749 | -€568 | -10.7% |
| Financial charges | 65/66B | €264 | €256 | -€8 | -2.9% |
| Recurring financial charges | 65 | €264 | €256 | -€8 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €5,615 | €4,566 | -€1,049 | -18.7% |
| Income taxes | 67/77 | €128 | €965 | +€837 | +654% |
| Profit (loss) for the period | 9904 | €5,487 | €3,602 | -€1,885 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,487 | €3,602 | -€1,885 | -34.4% |
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 14 October 2026 via checked.be.