JEROME COPPEE: what changed
Two fiscal 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.
JEROME COPPEE
Largest movements
- Intangible fixed assets +€161,825
up €161,825 (+15.4%), from €1.0m to €1.2m
- Cash +€48,038
up €48,038 (+110.8%), from €43,349 to €91,387
mainly Debts after one year (+€127,681) and Depreciation (+€74,663)
- Receivables within one year +€30,099
up €30,099 (+36.3%), from €82,978 to €113,077
of which Trade receivables: +€30,100
- Receivables after one year -€20,000
down €20,000 (-8.7%), from €230,000 to €210,000
- Debts after one year +€127,681
up €127,681 (+60.0%), from €212,870 to €340,551
- Reserves +€67,000
up €67,000 (+8.0%), from €836,691 to €903,691
of which Distributable reserves: +€67,000
- Other debts -€49,775
down €49,775 (-46.9%), from €106,216 to €56,441
- Tax, wage and social debts +€37,951
up €37,951 (+262.1%), from €14,478 to €52,429
- Current portion of long-term debt +€17,763
up €17,763 (+57.8%), from €30,720 to €48,483
- Gross operating margin +€78,006
up €78,006 (+63.6%), from €122,745 to €200,751
- Taxes +€19,766
up €19,766 (+208.9%), from €9,462 to €29,228
- Depreciation -€18,412
down €18,412 (-19.8%), from €93,075 to €74,663
- Other operating charges +€17,626
up €17,626 (+571.1%), from €3,086 to €20,712
- Financial income -€5,980
down €5,980 (-70.2%), from €8,520 to €2,540
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 | €1,506,431 | €1,712,310 | +€205,879 | +13.7% |
| Fixed assets | 21/28 | €1,098,337 | €1,247,312 | +€148,975 | +13.6% |
| Intangible fixed assets | 21 | €1,047,889 | €1,209,713 | +€161,825 | +15.4% |
| Tangible fixed assets | 22/27 | €50,448 | €37,599 | -€12,849 | -25.5% |
| Furniture and vehicles | 24 | €19,207 | €10,263 | -€8,944 | -46.6% |
| Other tangible fixed assets | 26 | €31,241 | €27,336 | -€3,906 | -12.5% |
| Current assets | 29/58 | €408,094 | €464,998 | +€56,904 | +13.9% |
| Amounts receivable after more than one year | 29 | €230,000 | €210,000 | -€20,000 | -8.7% |
| Other amounts receivable | 291 | €230,000 | €210,000 | -€20,000 | -8.7% |
| Stocks and contracts in progress | 3 | €13,670 | €13,670 | = | 0.0% |
| Stocks | 30/36 | €13,670 | €13,670 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,978 | €113,077 | +€30,099 | +36.3% |
| Trade receivables | 40 | €20,826 | €50,926 | +€30,100 | +144.5% |
| Other amounts receivable | 41 | €62,151 | €62,151 | -€1 | 0.0% |
| Current investments | 50/53 | €33,300 | €33,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,349 | €91,387 | +€48,038 | +110.8% |
| Deferred charges and accrued income | 490/1 | €4,797 | €3,563 | -€1,234 | -25.7% |
| Total equity and liabilities | 10/49 | €1,506,431 | €1,712,310 | +€205,879 | +13.7% |
| Equity | 10/15 | €1,133,185 | €1,200,513 | +€67,329 | +5.9% |
| Contributions | 10/11 | €83,800 | €83,800 | = | 0.0% |
| Capital | 10 | €83,800 | €83,800 | = | 0.0% |
| Issued capital | 100 | €83,800 | €83,800 | = | 0.0% |
| Reserves | 13 | €836,691 | €903,691 | +€67,000 | +8.0% |
| Non-distributable reserves | 130/1 | €8,380 | €8,380 | = | 0.0% |
| Legal reserve | 130 | €8,380 | €8,380 | = | 0.0% |
| Distributable reserves | 133 | €828,311 | €895,311 | +€67,000 | +8.1% |
| Profit (loss) carried forward | 14 | €212,694 | €213,022 | +€329 | +0.2% |
| Amounts payable | 17/49 | €373,246 | €511,797 | +€138,551 | +37.1% |
| Amounts payable after more than one year | 17 | €212,870 | €340,551 | +€127,681 | +60.0% |
| Financial debts | 170/4 | €212,870 | €340,551 | +€127,681 | +60.0% |
| Amounts payable within one year | 42/48 | €160,377 | €171,246 | +€10,869 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €30,720 | €48,483 | +€17,763 | +57.8% |
| Trade debts | 44 | €8,963 | €13,893 | +€4,930 | +55.0% |
| Suppliers | 440/4 | €8,963 | €13,893 | +€4,930 | +55.0% |
| Taxes, remuneration and social security | 45 | €14,478 | €52,429 | +€37,951 | +262.1% |
| Taxes | 450/3 | €14,478 | €52,429 | +€37,951 | +262.1% |
| Other amounts payable | 47/48 | €106,216 | €56,441 | -€49,775 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,075 | €74,663 | -€18,412 | -19.8% |
| Other operating charges | 640/8 | €3,086 | €20,712 | +€17,626 | +571.1% |
| Gross operating margin | 9900 | €122,745 | €200,751 | +€78,006 | +63.6% |
| Operating profit (loss) | 9901 | €26,584 | €105,376 | +€78,792 | +296.4% |
| Financial income | 75/76B | €8,520 | €2,540 | -€5,980 | -70.2% |
| Recurring financial income | 75 | €8,520 | €2,540 | -€5,980 | -70.2% |
| Financial charges | 65/66B | €6,369 | €11,359 | +€4,990 | +78.3% |
| Recurring financial charges | 65 | €6,369 | €11,359 | +€4,990 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €28,735 | €96,557 | +€67,822 | +236.0% |
| Income taxes | 67/77 | €9,462 | €29,228 | +€19,766 | +208.9% |
| Profit (loss) for the period | 9904 | €19,272 | €67,329 | +€48,056 | +249.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,272 | €67,329 | +€48,056 | +249.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.