COUPEPA: 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.
COUPEPA
Largest movements
- Receivables within one year -€76,962
down €76,962 (-87.5%), from €87,925 to €10,963
of which Other amounts receivable: -€84,373
- Reserves +€604,500
up €604,500 (+65.3%), from €925,700 to €1.5m
- Debts after one year -€479,357
no longer reported in 2025 (was €479,357)
- Other debts -€218,033
down €218,033 (-43.6%), from €500,000 to €281,967
- Trade debts -€21,894
down €21,894 (-81.1%), from €26,981 to €5,086
- Current portion of long-term debt +€21,372
new in 2025: €21,372
- Financial income +€496,547
up €496,547 (+14,379%), from €3,453 to €500,000
- Gross operating margin +€72,402
up €72,402 (+84.2%), from €85,954 to €158,356
- Taxes +€18,126
up €18,126 (+74.4%), from €24,352 to €42,477
- Other operating charges -€6,909
down €6,909 (-74.8%), from €9,237 to €2,328
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 | €2,117,017 | €2,040,857 | -€76,160 | -3.6% |
| Fixed assets | 21/28 | €2,020,981 | €2,020,127 | -€854 | 0.0% |
| Tangible fixed assets | 22/27 | €3,143 | €2,289 | -€854 | -27.2% |
| Plant, machinery and equipment | 23 | €2,913 | €2,289 | -€624 | -21.4% |
| Furniture and vehicles | 24 | €230 | - | -€230 | |
| Financial fixed assets | 28 | €2,017,837 | €2,017,837 | = | 0.0% |
| Current assets | 29/58 | €96,037 | €20,731 | -€75,306 | -78.4% |
| Amounts receivable within one year | 40/41 | €87,925 | €10,963 | -€76,962 | -87.5% |
| Trade receivables | 40 | €3,501 | €10,912 | +€7,411 | +212% |
| Other amounts receivable | 41 | €84,424 | €51 | -€84,373 | -99.9% |
| Cash at bank and in hand | 54/58 | €4,043 | €9,153 | +€5,110 | +126% |
| Deferred charges and accrued income | 490/1 | €4,069 | €616 | -€3,453 | -84.9% |
| Total equity and liabilities | 10/49 | €2,117,017 | €2,040,857 | -€76,160 | -3.6% |
| Equity | 10/15 | €975,793 | €1,580,455 | +€604,662 | +62.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €925,700 | €1,530,200 | +€604,500 | +65.3% |
| Distributable reserves | 133 | €925,700 | €1,530,200 | +€604,500 | +65.3% |
| Profit (loss) carried forward | 14 | €93 | €255 | +€162 | +175% |
| Amounts payable | 17/49 | €1,141,224 | €460,402 | -€680,822 | -59.7% |
| Amounts payable after more than one year | 17 | €479,357 | - | -€479,357 | |
| Other amounts payable | 178/9 | €479,357 | - | -€479,357 | |
| Amounts payable within one year | 42/48 | €661,655 | €460,402 | -€201,252 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | - | €21,372 | +€21,372 | |
| Trade debts | 44 | €26,981 | €5,086 | -€21,894 | -81.1% |
| Suppliers | 440/4 | €26,981 | €5,086 | -€21,894 | -81.1% |
| Taxes, remuneration and social security | 45 | €134,674 | €151,977 | +€17,303 | +12.8% |
| Taxes | 450/3 | €134,674 | €151,977 | +€17,303 | +12.8% |
| Other amounts payable | 47/48 | €500,000 | €281,967 | -€218,033 | -43.6% |
| Accrued charges and deferred income | 492/3 | €213 | - | -€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,590 | €854 | -€736 | -46.3% |
| Other operating charges | 640/8 | €9,237 | €2,328 | -€6,909 | -74.8% |
| Gross operating margin | 9900 | €85,954 | €158,356 | +€72,402 | +84.2% |
| Operating profit (loss) | 9901 | €75,128 | €155,174 | +€80,047 | +107% |
| Financial income | 75/76B | €3,453 | €500,000 | +€496,547 | +14,379% |
| Recurring financial income | 75 | €3,453 | €500,000 | +€496,547 | +14,379% |
| Financial charges | 65/66B | €7,423 | €8,035 | +€612 | +8.2% |
| Recurring financial charges | 65 | €7,423 | €8,035 | +€612 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €71,158 | €647,139 | +€575,981 | +809% |
| Income taxes | 67/77 | €24,352 | €42,477 | +€18,126 | +74.4% |
| Profit (loss) for the period | 9904 | €46,806 | €604,662 | +€557,856 | +1,192% |
| Profit (loss) for the period to be appropriated | 9905 | €46,806 | €604,662 | +€557,856 | +1,192% |
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 24 October 2026 via checked.be.