Dr. S. Coppens: 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. S. Coppens
Largest movements
- Cash +€20,800
up €20,800 (+41.4%), from €50,249 to €71,049
mainly Net result for the year (+€17,797) and Depreciation (+€9,798)
- Tangible fixed assets -€9,798
down €9,798 (-27.3%), from €35,942 to €26,144
of which Furniture and vehicles: -€9,265
- Receivables after one year +€1,500
up €1,500 (+30.0%), from €5,000 to €6,500
- Reserves +€17,797
up €17,797 (+40.1%), from €44,349 to €62,145
- Debts after one year -€9,316
down €9,316 (-33.9%), from €27,498 to €18,182
- Tax, wage and social debts +€4,123
up €4,123 (+104%), from €3,953 to €8,076
- Gross operating margin +€18,701
up €18,701 (+103%), from €18,097 to €36,798
- Taxes +€3,855
up €3,855 (+183%), from €2,111 to €5,965
- Other operating charges +€772
up €772 (+74.3%), from €1,040 to €1,812
- Financial charges -€386
down €386 (-19.4%), from €1,984 to €1,598
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 | €92,166 | €105,884 | +€13,718 | +14.9% |
| Fixed assets | 21/28 | €35,942 | €26,144 | -€9,798 | -27.3% |
| Tangible fixed assets | 22/27 | €35,942 | €26,144 | -€9,798 | -27.3% |
| Plant, machinery and equipment | 23 | €534 | - | -€534 | |
| Furniture and vehicles | 24 | €35,408 | €26,144 | -€9,265 | -26.2% |
| Current assets | 29/58 | €56,224 | €79,740 | +€23,516 | +41.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Other amounts receivable | 291 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Amounts receivable within one year | 40/41 | €975 | €1,860 | +€885 | +90.7% |
| Trade receivables | 40 | €975 | €1,860 | +€885 | +90.7% |
| Cash at bank and in hand | 54/58 | €50,249 | €71,049 | +€20,800 | +41.4% |
| Deferred charges and accrued income | 490/1 | - | €332 | +€332 | |
| Total equity and liabilities | 10/49 | €92,166 | €105,884 | +€13,718 | +14.9% |
| Equity | 10/15 | €50,349 | €68,145 | +€17,797 | +35.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €44,349 | €62,145 | +€17,797 | +40.1% |
| Distributable reserves | 133 | €44,349 | €62,145 | +€17,797 | +40.1% |
| Amounts payable | 17/49 | €41,817 | €37,739 | -€4,078 | -9.8% |
| Amounts payable after more than one year | 17 | €27,498 | €18,182 | -€9,316 | -33.9% |
| Financial debts | 170/4 | €27,498 | €18,182 | -€9,316 | -33.9% |
| Amounts payable within one year | 42/48 | €14,319 | €18,782 | +€4,463 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €8,915 | €9,316 | +€401 | +4.5% |
| Trade debts | 44 | €1,205 | €1,027 | -€177 | -14.7% |
| Suppliers | 440/4 | €1,205 | €1,027 | -€177 | -14.7% |
| Taxes, remuneration and social security | 45 | €3,953 | €8,076 | +€4,123 | +104% |
| Taxes | 450/3 | €3,953 | €8,076 | +€4,123 | +104% |
| Other amounts payable | 47/48 | €246 | €362 | +€116 | +46.9% |
| Accrued charges and deferred income | 492/3 | - | €775 | +€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,848 | €9,798 | -€49 | -0.5% |
| Other operating charges | 640/8 | €1,040 | €1,812 | +€772 | +74.3% |
| Gross operating margin | 9900 | €18,097 | €36,798 | +€18,701 | +103% |
| Operating profit (loss) | 9901 | €7,210 | €25,188 | +€17,978 | +249% |
| Financial income | 75/76B | €150 | €173 | +€23 | +15.0% |
| Recurring financial income | 75 | €150 | €173 | +€23 | +15.0% |
| Financial charges | 65/66B | €1,984 | €1,598 | -€386 | -19.4% |
| Recurring financial charges | 65 | €1,984 | €1,598 | -€386 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €5,376 | €23,762 | +€18,386 | +342% |
| Income taxes | 67/77 | €2,111 | €5,965 | +€3,855 | +183% |
| Profit (loss) for the period | 9904 | €3,265 | €17,797 | +€14,531 | +445% |
| Profit (loss) for the period to be appropriated | 9905 | €3,265 | €17,797 | +€14,531 | +445% |
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 17 October 2026 via checked.be.