KOPA: what changed
KOPA
Largest movements
- Cash +€118,481
up €118,481 (+10,508%), from €1,128 to €119,608
mainly Net result for the year (+€79,627) and Tax, wage and social debts (+€36,819)
- Tangible fixed assets +€13,699
up €13,699 (+36.7%), from €37,301 to €51,000
of which Furniture and vehicles: +€24,101
- Receivables within one year -€2,636
down €2,636 (-61.1%), from €4,317 to €1,681
of which Trade receivables: -€2,124
- Stocks and contracts +€1,944
up €1,944 (+18.8%), from €10,368 to €12,312
- Reserves +€67,528
up €67,528 (+3,640%), from €1,855 to €69,383
- Tax, wage and social debts +€36,819
up €36,819 (+4,203%), from €876 to €37,694
- Profit (loss) carried forward +€12,099
no longer reported in 2025 (was -€12,099)
- Debts after one year +€9,215
up €9,215 (+31.1%), from €29,623 to €38,838
- Current portion of long-term debt +€3,621
new in 2025: €3,621
- Gross operating margin +€109,560
up €109,560 (+1,019%), from €10,752 to €120,312
- Taxes +€36,943
up €36,943 (+1,969%), from €1,876 to €38,819
- Financial income +€5,496
up €5,496 (+114,266%), from €5 to €5,501
of which Non-recurring financial income: +€5,500
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,842 | €186,336 | +€132,494 | +246% |
| Fixed assets | 21/28 | €37,516 | €51,000 | +€13,485 | +35.9% |
| Intangible fixed assets | 21 | €215 | - | -€215 | |
| Tangible fixed assets | 22/27 | €37,301 | €51,000 | +€13,699 | +36.7% |
| Land and buildings | 22 | €34,420 | €25,701 | -€8,719 | -25.3% |
| Plant, machinery and equipment | 23 | €2,880 | €1,198 | -€1,682 | -58.4% |
| Furniture and vehicles | 24 | - | €24,101 | +€24,101 | |
| Current assets | 29/58 | €16,327 | €135,336 | +€119,009 | +729% |
| Stocks and contracts in progress | 3 | €10,368 | €12,312 | +€1,944 | +18.8% |
| Stocks | 30/36 | €10,368 | €12,312 | +€1,944 | +18.8% |
| Amounts receivable within one year | 40/41 | €4,317 | €1,681 | -€2,636 | -61.1% |
| Trade receivables | 40 | €3,805 | €1,681 | -€2,124 | -55.8% |
| Other amounts receivable | 41 | €512 | - | -€512 | |
| Cash at bank and in hand | 54/58 | €1,128 | €119,608 | +€118,481 | +10,508% |
| Deferred charges and accrued income | 490/1 | €514 | €1,735 | +€1,220 | +237% |
| Total equity and liabilities | 10/49 | €53,842 | €186,336 | +€132,494 | +246% |
| Equity | 10/15 | €8,306 | €87,933 | +€79,627 | +959% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €69,383 | +€67,528 | +3,640% |
| Distributable reserves | 133 | €1,855 | €69,383 | +€67,528 | +3,640% |
| Profit (loss) carried forward | 14 | -€12,099 | - | +€12,099 | |
| Amounts payable | 17/49 | €45,536 | €98,403 | +€52,867 | +116% |
| Amounts payable after more than one year | 17 | €29,623 | €38,838 | +€9,215 | +31.1% |
| Financial debts | 170/4 | €29,623 | €38,838 | +€9,215 | +31.1% |
| Amounts payable within one year | 42/48 | €15,914 | €59,565 | +€43,652 | +274% |
| Current portion of amounts payable after more than one year | 42 | - | €3,621 | +€3,621 | |
| Trade debts | 44 | €1,038 | €2,408 | +€1,370 | +132% |
| Suppliers | 440/4 | €1,038 | €2,408 | +€1,370 | +132% |
| Taxes, remuneration and social security | 45 | €876 | €37,694 | +€36,819 | +4,203% |
| Taxes | 450/3 | €876 | €37,694 | +€36,819 | +4,203% |
| Other amounts payable | 47/48 | €14,000 | €15,842 | +€1,842 | +13.2% |
| Non-recurring operating income | 76A | - | €122,905 | +€122,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,942 | €6,057 | +€1,115 | +22.6% |
| Other operating charges | 640/8 | €744 | €634 | -€110 | -14.8% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €10,752 | €120,312 | +€109,560 | +1,019% |
| Operating profit (loss) | 9901 | €5,066 | €113,494 | +€108,428 | +2,140% |
| Financial income | 75/76B | €5 | €5,501 | +€5,496 | +114,266% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -78.8% |
| Non-recurring financial income | 76B | - | €5,500 | +€5,500 | |
| Financial charges | 65/66B | €42 | €549 | +€507 | +1,208% |
| Recurring financial charges | 65 | €42 | €549 | +€507 | +1,208% |
| Profit (loss) for the period before taxes | 9903 | €5,028 | €118,446 | +€113,417 | +2,256% |
| Income taxes | 67/77 | €1,876 | €38,819 | +€36,943 | +1,969% |
| Profit (loss) for the period | 9904 | €3,152 | €79,627 | +€76,475 | +2,426% |
| Profit (loss) for the period to be appropriated | 9905 | €3,152 | €79,627 | +€76,475 | +2,426% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.