JA - COP: 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.
JA - COP
Largest movements
- Cash -€34,834
down €34,834 (-99.8%), from €34,917 to €83
mainly Net result for the year (-€37,734) and Debts after one year (-€22,691)
- Tangible fixed assets -€25,800
down €25,800 (-6.3%), from €406,369 to €380,569
of which Land and buildings: -€18,422
- Receivables within one year +€5,020
up €5,020 (+27.5%), from €18,227 to €23,247
of which Trade receivables: +€3,815
- Profit (loss) carried forward -€37,734
down €37,734 (-37.6%), from -€100,357 to -€138,091
- Debts after one year -€22,691
down €22,691 (-15.7%), from €144,631 to €121,939
- Gross operating margin -€45,443
down €45,443 (-89.7%), from €50,658 to €5,214
- Other operating charges -€12,214
down €12,214 (-72.2%), from €16,924 to €4,709
- Financial charges +€3,290
up €3,290 (+37.8%), from €8,699 to €11,989
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.
Cash bridge derived
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 | €477,430 | €417,795 | -€59,634 | -12.5% |
| Fixed assets | 21/28 | €407,869 | €382,069 | -€25,800 | -6.3% |
| Tangible fixed assets | 22/27 | €406,369 | €380,569 | -€25,800 | -6.3% |
| Land and buildings | 22 | €388,513 | €370,091 | -€18,422 | -4.7% |
| Plant, machinery and equipment | 23 | €17,856 | €10,478 | -€7,378 | -41.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €69,560 | €35,726 | -€33,834 | -48.6% |
| Stocks and contracts in progress | 3 | €12,500 | €12,181 | -€319 | -2.6% |
| Stocks | 30/36 | €12,500 | €12,181 | -€319 | -2.6% |
| Amounts receivable within one year | 40/41 | €18,227 | €23,247 | +€5,020 | +27.5% |
| Trade receivables | 40 | €17,872 | €21,687 | +€3,815 | +21.3% |
| Other amounts receivable | 41 | €355 | €1,560 | +€1,205 | +339.5% |
| Cash at bank and in hand | 54/58 | €34,917 | €83 | -€34,834 | -99.8% |
| Deferred charges and accrued income | 490/1 | €3,917 | €215 | -€3,702 | -94.5% |
| Total equity and liabilities | 10/49 | €477,430 | €417,795 | -€59,634 | -12.5% |
| Equity | 10/15 | €286,068 | €248,334 | -€37,734 | -13.2% |
| Contributions | 10/11 | €384,565 | €384,565 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,357 | -€138,091 | -€37,734 | -37.6% |
| Amounts payable | 17/49 | €191,361 | €169,461 | -€21,900 | -11.4% |
| Amounts payable after more than one year | 17 | €144,631 | €121,939 | -€22,691 | -15.7% |
| Financial debts | 170/4 | €144,631 | €121,939 | -€22,691 | -15.7% |
| Amounts payable within one year | 42/48 | €46,731 | €47,522 | +€791 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €22,423 | €22,691 | +€269 | +1.2% |
| Trade debts | 44 | €15,234 | €11,909 | -€3,325 | -21.8% |
| Suppliers | 440/4 | €15,234 | €11,909 | -€3,325 | -21.8% |
| Taxes, remuneration and social security | 45 | €9,074 | €12,922 | +€3,848 | +42.4% |
| Taxes | 450/3 | €9,074 | €12,922 | +€3,848 | +42.4% |
| Remuneration, social security and pensions | 62 | €165 | €321 | +€156 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,849 | €25,800 | -€49 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,924 | €4,709 | -€12,214 | -72.2% |
| Gross operating margin | 9900 | €50,658 | €5,214 | -€45,443 | -89.7% |
| Operating profit (loss) | 9901 | €7,720 | -€25,616 | -€33,336 | |
| Financial income | 75/76B | €12 | €11 | -€1 | -9.1% |
| Recurring financial income | 75 | €12 | €11 | -€1 | -9.1% |
| Financial charges | 65/66B | €8,699 | €11,989 | +€3,290 | +37.8% |
| Recurring financial charges | 65 | €8,699 | €11,989 | +€3,290 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€968 | -€37,595 | -€36,627 | -3784.5% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€1,099 | -€37,734 | -€36,635 | -3332.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,099 | -€37,734 | -€36,635 | -3332.5% |
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 12 October 2026 via checked.be.