ISAKAR 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.
ISAKAR COPPENS
Largest movements
- Tangible fixed assets -€78,426
down €78,426 (-7.7%), from €1.0m to €946,587
of which Land and buildings: -€70,484
- Cash +€28,028
up €28,028 (+53.3%), from €52,586 to €80,614
mainly Depreciation (+€91,078) and Other debts (+€28,030)
- Current investments +€22,603
up €22,603 (+4.8%), from €468,759 to €491,363
- Reserves -€46,149
down €46,149 (-2.8%), from €1.6m to €1.6m
of which Distributable reserves: -€36,135
- Other debts +€28,030
up €28,030 (+26.0%), from €107,959 to €135,989
- Financial income -€44,966
down €44,966 (-56.5%), from €79,542 to €34,577
- Gross operating margin +€26,424
up €26,424 (+28.5%), from €92,865 to €119,289
- Depreciation +€18,249
up €18,249 (+25.1%), from €72,829 to €91,078
- Other operating charges -€8,530
down €8,530 (-27.3%), from €31,304 to €22,773
- Taxes +€5,405
up €5,405 (+45.5%), from €11,865 to €17,270
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 | €1,867,103 | €1,843,772 | -€23,330 | -1.2% |
| Fixed assets | 21/28 | €1,025,013 | €946,587 | -€78,426 | -7.7% |
| Tangible fixed assets | 22/27 | €1,025,013 | €946,587 | -€78,426 | -7.7% |
| Land and buildings | 22 | €962,673 | €892,190 | -€70,484 | -7.3% |
| Plant, machinery and equipment | 23 | €15,200 | €16,384 | +€1,184 | +7.8% |
| Furniture and vehicles | 24 | €39,524 | €28,397 | -€11,126 | -28.2% |
| Other tangible fixed assets | 26 | €7,616 | €9,616 | +€2,000 | +26.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €842,090 | €897,185 | +€55,096 | +6.5% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,744 | €25,209 | +€4,464 | +21.5% |
| Trade receivables | 40 | €206 | €0 | -€206 | -100% |
| Other amounts receivable | 41 | €20,539 | €25,209 | +€4,670 | +22.7% |
| Current investments | 50/53 | €468,759 | €491,363 | +€22,603 | +4.8% |
| Cash at bank and in hand | 54/58 | €52,586 | €80,614 | +€28,028 | +53.3% |
| Total equity and liabilities | 10/49 | €1,867,103 | €1,843,772 | -€23,330 | -1.2% |
| Equity | 10/15 | €1,719,841 | €1,673,691 | -€46,149 | -2.7% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €1,639,241 | €1,593,091 | -€46,149 | -2.8% |
| Tax-exempt reserves | 132 | €82,001 | €71,987 | -€10,014 | -12.2% |
| Distributable reserves | 133 | €1,557,240 | €1,521,104 | -€36,135 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €33,493 | €29,403 | -€4,090 | -12.2% |
| Deferred taxes | 168 | €33,493 | €29,403 | -€4,090 | -12.2% |
| Amounts payable | 17/49 | €113,769 | €140,678 | +€26,909 | +23.7% |
| Amounts payable within one year | 42/48 | €113,769 | €140,678 | +€26,909 | +23.7% |
| Trade debts | 44 | €2,547 | €1,550 | -€997 | -39.1% |
| Suppliers | 440/4 | €2,547 | €1,550 | -€997 | -39.1% |
| Taxes, remuneration and social security | 45 | €3,262 | €3,139 | -€123 | -3.8% |
| Taxes | 450/3 | €3,262 | €3,139 | -€123 | -3.8% |
| Other amounts payable | 47/48 | €107,959 | €135,989 | +€28,030 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,829 | €91,078 | +€18,249 | +25.1% |
| Other operating charges | 640/8 | €31,304 | €22,773 | -€8,530 | -27.3% |
| Gross operating margin | 9900 | €92,865 | €119,289 | +€26,424 | +28.5% |
| Operating profit (loss) | 9901 | -€11,268 | €5,438 | +€16,706 | |
| Financial income | 75/76B | €79,542 | €34,577 | -€44,966 | -56.5% |
| Recurring financial income | 75 | €79,542 | €34,577 | -€44,966 | -56.5% |
| Financial charges | 65/66B | €11,180 | €10,617 | -€563 | -5.0% |
| Recurring financial charges | 65 | €11,180 | €10,617 | -€563 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €57,095 | €29,397 | -€27,698 | -48.5% |
| Transfer from deferred taxes | 780 | €4,090 | €4,090 | = | 0.0% |
| Income taxes | 67/77 | €11,865 | €17,270 | +€5,405 | +45.5% |
| Profit (loss) for the period | 9904 | €49,320 | €16,218 | -€33,102 | -67.1% |
| Transfer from tax-exempt reserves | 789 | €10,014 | €10,014 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,334 | €26,232 | -€33,102 | -55.8% |
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 20 October 2026 via checked.be.