Dr. B Coopman: 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.
Dr. B Coopman
Largest movements
- Cash +€253,248
up €253,248 (+23.4%), from €1.1m to €1.3m
mainly Net result for the year (+€219,016) and Tax, wage and social debts (+€42,386)
- Current investments +€29,798
up €29,798 (+3.0%), from €1.0m to €1.0m
- Reserves +€218,000
up €218,000 (+9.6%), from €2.3m to €2.5m
- Tax, wage and social debts +€42,386
up €42,386, from €0 to €42,386
- Gross operating margin +€47,408
up €47,408 (+18.9%), from €251,318 to €298,726
- Taxes +€17,860
up €17,860 (+21.3%), from €83,990 to €101,850
- Financial income -€3,199
down €3,199 (-9.2%), from €34,747 to €31,548
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 | €2,318,182 | €2,575,694 | +€257,512 | +11.1% |
| Fixed assets | 21/28 | €103,026 | €98,896 | -€4,130 | -4.0% |
| Tangible fixed assets | 22/27 | €103,026 | €98,896 | -€4,130 | -4.0% |
| Land and buildings | 22 | €101,272 | €95,633 | -€5,639 | -5.6% |
| Plant, machinery and equipment | 23 | €528 | €0 | -€528 | -100% |
| Furniture and vehicles | 24 | €1,226 | €3,263 | +€2,037 | +166% |
| Current assets | 29/58 | €2,215,156 | €2,476,798 | +€261,642 | +11.8% |
| Amounts receivable within one year | 40/41 | €6,509 | €0 | -€6,509 | -100% |
| Other amounts receivable | 41 | €6,509 | €0 | -€6,509 | -100% |
| Current investments | 50/53 | €1,003,202 | €1,033,000 | +€29,798 | +3.0% |
| Cash at bank and in hand | 54/58 | €1,080,215 | €1,333,463 | +€253,248 | +23.4% |
| Deferred charges and accrued income | 490/1 | €125,229 | €110,335 | -€14,894 | -11.9% |
| Total equity and liabilities | 10/49 | €2,318,182 | €2,575,694 | +€257,512 | +11.1% |
| Equity | 10/15 | €2,306,745 | €2,525,761 | +€219,016 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,266,510 | €2,484,510 | +€218,000 | +9.6% |
| Distributable reserves | 133 | €2,266,510 | €2,484,510 | +€218,000 | +9.6% |
| Profit (loss) carried forward | 14 | €21,635 | €22,651 | +€1,016 | +4.7% |
| Amounts payable | 17/49 | €11,437 | €49,933 | +€38,496 | +337% |
| Amounts payable within one year | 42/48 | €1,869 | €45,037 | +€43,168 | +2,309% |
| Trade debts | 44 | €106 | €261 | +€155 | +147% |
| Suppliers | 440/4 | €106 | €261 | +€155 | +147% |
| Taxes, remuneration and social security | 45 | €0 | €42,386 | +€42,386 | |
| Taxes | 450/3 | €0 | €42,386 | +€42,386 | |
| Other amounts payable | 47/48 | €1,764 | €2,390 | +€626 | +35.5% |
| Accrued charges and deferred income | 492/3 | €9,568 | €4,896 | -€4,672 | -48.8% |
| Non-recurring operating income | 76A | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,332 | €6,931 | +€599 | +9.5% |
| Other operating charges | 640/8 | €2,933 | €2,351 | -€582 | -19.8% |
| Gross operating margin | 9900 | €251,318 | €298,726 | +€47,408 | +18.9% |
| Operating profit (loss) | 9901 | €242,053 | €289,444 | +€47,391 | +19.6% |
| Financial income | 75/76B | €34,747 | €31,548 | -€3,199 | -9.2% |
| Recurring financial income | 75 | €34,747 | €31,548 | -€3,199 | -9.2% |
| Financial charges | 65/66B | €1,451 | €125 | -€1,326 | -91.4% |
| Recurring financial charges | 65 | €1,451 | €125 | -€1,326 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €275,348 | €320,866 | +€45,518 | +16.5% |
| Income taxes | 67/77 | €83,990 | €101,850 | +€17,860 | +21.3% |
| Profit (loss) for the period | 9904 | €191,358 | €219,016 | +€27,658 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €191,358 | €219,016 | +€27,658 | +14.5% |
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 27 October 2026 via checked.be.