HE COPPIN: 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.
HE COPPIN
Largest movements
- Cash -€560,117
down €560,117 (-96.9%), from €578,106 to €17,990
mainly Investment in fixed assets (net) (-€583,752) and Net result for the year (-€75,118)
- Tangible fixed assets +€515,000
new in 2025: €515,000
- Profit (loss) carried forward -€75,118
down €75,118 (-2.8%), from -€2.7m to -€2.8m
- Other debts +€30,000
new in 2025: €30,000
- Depreciation +€68,752
new in 2025: €68,752
- Financial income -€29,665
no longer reported in 2025 (was €29,665)
- Gross operating margin -€20,656
down €20,656, from €14,603 to -€6,053
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 | €578,106 | €532,990 | -€45,117 | -7.8% |
| Fixed assets | 21/28 | - | €515,000 | +€515,000 | |
| Tangible fixed assets | 22/27 | - | €515,000 | +€515,000 | |
| Land and buildings | 22 | - | €515,000 | +€515,000 | |
| Current assets | 29/58 | €578,106 | €17,990 | -€560,117 | -96.9% |
| Cash at bank and in hand | 54/58 | €578,106 | €17,990 | -€560,117 | -96.9% |
| Total equity and liabilities | 10/49 | €578,106 | €532,990 | -€45,117 | -7.8% |
| Equity | 10/15 | €578,041 | €502,923 | -€75,118 | -13.0% |
| Contributions | 10/11 | €2,964,780 | €2,964,780 | = | 0.0% |
| Capital | 10 | €2,964,780 | €2,964,780 | = | 0.0% |
| Issued capital | 100 | €2,964,780 | €2,964,780 | = | 0.0% |
| Reserves | 13 | €296,478 | €296,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €296,478 | €296,478 | = | 0.0% |
| Legal reserve | 130 | €296,478 | €296,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,683,218 | -€2,758,336 | -€75,118 | -2.8% |
| Amounts payable | 17/49 | €66 | €30,067 | +€30,001 | +45,664% |
| Amounts payable within one year | 42/48 | - | €30,000 | +€30,000 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €15,075 | - | -€15,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €68,752 | +€68,752 | |
| Other operating charges | 640/8 | - | €114 | +€114 | |
| Gross operating margin | 9900 | €14,603 | -€6,053 | -€20,656 | |
| Operating profit (loss) | 9901 | €14,603 | -€74,920 | -€89,523 | |
| Financial income | 75/76B | €29,665 | - | -€29,665 | |
| Recurring financial income | 75 | €29,665 | - | -€29,665 | |
| Financial charges | 65/66B | €146 | €199 | +€52 | +35.9% |
| Recurring financial charges | 65 | €146 | €199 | +€52 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €44,123 | -€75,118 | -€119,241 | |
| Profit (loss) for the period | 9904 | €44,123 | -€75,118 | -€119,241 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,123 | -€75,118 | -€119,241 |
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 13 October 2026 via checked.be.