COPYWHITE: 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.
COPYWHITE
Largest movements
- Receivables within one year +€3,050
up €3,050 (+47.4%), from €6,439 to €9,488
of which Trade receivables: +€4,015
- Cash +€1,954
up €1,954 (+1429.7%), from €137 to €2,091
mainly Tax, wage and social debts (+€3,051) and Net result for the year (+€1,218)
- Stocks and contracts -€782
no longer reported in 2025 (was €782)
- Tax, wage and social debts +€3,051
up €3,051 (+68.8%), from €4,438 to €7,490
- Profit (loss) carried forward +€1,218
up €1,218 (+19.8%), from -€6,151 to -€4,933
- Trade debts +€204
up €204 (+4.4%), from €4,613 to €4,817
- Gross operating margin -€8,025
down €8,025 (-69.0%), from €11,625 to €3,600
- Depreciation +€192
up €192 (+33.4%), from €577 to €769
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 | €9,363 | €13,836 | +€4,473 | +47.8% |
| Fixed assets | 21/28 | €1,803 | €1,938 | +€135 | +7.5% |
| Tangible fixed assets | 22/27 | €943 | €1,078 | +€135 | +14.3% |
| Furniture and vehicles | 24 | €943 | €1,078 | +€135 | +14.3% |
| Financial fixed assets | 28 | €860 | €860 | = | 0.0% |
| Current assets | 29/58 | €7,560 | €11,898 | +€4,338 | +57.4% |
| Stocks and contracts in progress | 3 | €782 | - | -€782 | |
| Stocks | 30/36 | €782 | - | -€782 | |
| Amounts receivable within one year | 40/41 | €6,439 | €9,488 | +€3,050 | +47.4% |
| Trade receivables | 40 | €4,915 | €8,930 | +€4,015 | +81.7% |
| Other amounts receivable | 41 | €1,524 | €559 | -€965 | -63.3% |
| Cash at bank and in hand | 54/58 | €137 | €2,091 | +€1,954 | +1429.7% |
| Deferred charges and accrued income | 490/1 | €203 | €319 | +€117 | +57.6% |
| Total equity and liabilities | 10/49 | €9,363 | €13,836 | +€4,473 | +47.8% |
| Equity | 10/15 | €311 | €1,529 | +€1,218 | +391.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262 | €262 | = | 0.0% |
| Non-distributable reserves | 130/1 | €262 | €262 | = | 0.0% |
| Reserves not available under the articles | 1311 | €262 | €262 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,151 | -€4,933 | +€1,218 | +19.8% |
| Amounts payable | 17/49 | €9,052 | €12,307 | +€3,255 | +36.0% |
| Amounts payable within one year | 42/48 | €9,052 | €12,307 | +€3,255 | +36.0% |
| Trade debts | 44 | €4,613 | €4,817 | +€204 | +4.4% |
| Suppliers | 440/4 | €4,613 | €4,817 | +€204 | +4.4% |
| Taxes, remuneration and social security | 45 | €4,438 | €7,490 | +€3,051 | +68.8% |
| Taxes | 450/3 | €4,438 | €7,490 | +€3,051 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | €769 | +€192 | +33.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €11,625 | €3,600 | -€8,025 | -69.0% |
| Operating profit (loss) | 9901 | €10,661 | €2,431 | -€8,230 | -77.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €450 | €473 | +€23 | +5.1% |
| Recurring financial charges | 65 | €450 | €473 | +€23 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €10,211 | €1,960 | -€8,251 | -80.8% |
| Income taxes | 67/77 | €687 | €742 | +€55 | +7.9% |
| Profit (loss) for the period | 9904 | €9,523 | €1,218 | -€8,305 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,523 | €1,218 | -€8,305 | -87.2% |
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 8 October 2026 via checked.be.