KOPACO: 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.
KOPACO
Largest movements
- Tangible fixed assets -€67,153
down €67,153 (-4.2%), from €1.6m to €1.5m
of which Land and buildings: -€66,763
- Receivables within one year +€46,778
up €46,778 (+108.3%), from €43,210 to €89,988
of which Trade receivables: +€43,269
- Debts after one year -€75,792
down €75,792 (-7.8%), from €977,469 to €901,677
- Trade debts +€72,804
up €72,804 (+314.5%), from €23,150 to €95,954
- Other debts -€27,160
down €27,160 (-9.3%), from €292,742 to €265,582
- Gross operating margin +€18,906
up €18,906 (+11.0%), from €172,438 to €191,344
- Taxes +€13,935
up €13,935 (+116.5%), from €11,959 to €25,894
- Financial charges -€4,114
down €4,114 (-17.3%), from €23,787 to €19,672
- Other operating charges +€3,172
up €3,172 (+8.9%), from €35,835 to €39,008
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 | €1,664,533 | €1,643,610 | -€20,923 | -1.3% |
| Fixed assets | 21/28 | €1,611,113 | €1,543,960 | -€67,153 | -4.2% |
| Tangible fixed assets | 22/27 | €1,611,113 | €1,543,960 | -€67,153 | -4.2% |
| Land and buildings | 22 | €1,610,723 | €1,543,960 | -€66,763 | -4.1% |
| Plant, machinery and equipment | 23 | €390 | - | -€390 | |
| Current assets | 29/58 | €53,420 | €99,650 | +€46,230 | +86.5% |
| Amounts receivable within one year | 40/41 | €43,210 | €89,988 | +€46,778 | +108.3% |
| Trade receivables | 40 | €43,210 | €86,479 | +€43,269 | +100.1% |
| Other amounts receivable | 41 | - | €3,509 | +€3,509 | |
| Cash at bank and in hand | 54/58 | €7,260 | €9,662 | +€2,402 | +33.1% |
| Deferred charges and accrued income | 490/1 | €2,950 | - | -€2,950 | |
| Total equity and liabilities | 10/49 | €1,664,533 | €1,643,610 | -€20,923 | -1.3% |
| Equity | 10/15 | €239,278 | €239,278 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €177,778 | €177,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €166,622 | €166,622 | = | 0.0% |
| Provisions and deferred taxes | 16 | €44,918 | €44,918 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,918 | €44,918 | = | 0.0% |
| Major repairs and maintenance | 162 | €44,918 | €44,918 | = | 0.0% |
| Amounts payable | 17/49 | €1,380,338 | €1,359,414 | -€20,923 | -1.5% |
| Amounts payable after more than one year | 17 | €977,469 | €901,677 | -€75,792 | -7.8% |
| Financial debts | 170/4 | €977,469 | €901,677 | -€75,792 | -7.8% |
| Amounts payable within one year | 42/48 | €402,868 | €455,577 | +€52,708 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €76,568 | €93,189 | +€16,621 | +21.7% |
| Trade debts | 44 | €23,150 | €95,954 | +€72,804 | +314.5% |
| Suppliers | 440/4 | €23,150 | €95,954 | +€72,804 | +314.5% |
| Taxes, remuneration and social security | 45 | €10,408 | €851 | -€9,557 | -91.8% |
| Taxes | 450/3 | €10,408 | €851 | -€9,557 | -91.8% |
| Other amounts payable | 47/48 | €292,742 | €265,582 | -€27,160 | -9.3% |
| Accrued charges and deferred income | 492/3 | - | €2,160 | +€2,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,665 | €66,519 | +€853 | +1.3% |
| Other operating charges | 640/8 | €35,835 | €39,008 | +€3,172 | +8.9% |
| Gross operating margin | 9900 | €172,438 | €191,344 | +€18,906 | +11.0% |
| Operating profit (loss) | 9901 | €70,937 | €85,818 | +€14,880 | +21.0% |
| Financial income | 75/76B | €0 | €39 | +€39 | +21672.2% |
| Recurring financial income | 75 | €0 | €39 | +€39 | +21672.2% |
| Financial charges | 65/66B | €23,787 | €19,672 | -€4,114 | -17.3% |
| Recurring financial charges | 65 | €23,787 | €19,672 | -€4,114 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €47,151 | €66,184 | +€19,034 | +40.4% |
| Income taxes | 67/77 | €11,959 | €25,894 | +€13,935 | +116.5% |
| Profit (loss) for the period | 9904 | €35,192 | €40,291 | +€5,099 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,192 | €40,291 | +€5,099 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.