KOPAN: 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.
KOPAN
Largest movements
- Receivables within one year +€12,340
up €12,340 (+19.2%), from €64,319 to €76,659
of which Other amounts receivable: +€12,340
- Cash -€9,016
down €9,016 (-8.8%), from €102,277 to €93,261
mainly Receivables within one year (-€12,340) and Investment in fixed assets (net) (-€1,660)
- Tangible fixed assets -€4,297
down €4,297 (-3.4%), from €128,117 to €123,820
of which Land and buildings: -€3,611
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,376
down €6,376 (-42.0%), from €15,195 to €8,819
- Other operating charges -€4,565
down €4,565 (-50.3%), from €9,082 to €4,517
- Taxes -€2,928
down €2,928 (-95.3%), from €3,072 to €144
- Depreciation -€2,382
down €2,382 (-35.7%), from €6,678 to €4,297
- Financial income +€225
up €225 (+88.0%), from €255 to €480
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 | €345,152 | €345,840 | +€688 | +0.2% |
| Fixed assets | 21/28 | €167,807 | €165,170 | -€2,637 | -1.6% |
| Tangible fixed assets | 22/27 | €128,117 | €123,820 | -€4,297 | -3.4% |
| Land and buildings | 22 | €118,292 | €114,681 | -€3,611 | -3.1% |
| Plant, machinery and equipment | 23 | €9,825 | €9,140 | -€685 | -7.0% |
| Financial fixed assets | 28 | €39,690 | €41,350 | +€1,660 | +4.2% |
| Current assets | 29/58 | €177,345 | €180,669 | +€3,324 | +1.9% |
| Amounts receivable within one year | 40/41 | €64,319 | €76,659 | +€12,340 | +19.2% |
| Trade receivables | 40 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 41 | €28,319 | €40,659 | +€12,340 | +43.6% |
| Cash at bank and in hand | 54/58 | €102,277 | €93,261 | -€9,016 | -8.8% |
| Deferred charges and accrued income | 490/1 | €10,749 | €10,749 | = | 0.0% |
| Total equity and liabilities | 10/49 | €345,152 | €345,840 | +€688 | +0.2% |
| Equity | 10/15 | €47,403 | €47,672 | +€269 | +0.6% |
| Contributions | 10/11 | €27,553 | €27,553 | = | 0.0% |
| Reserves | 13 | €17,370 | €17,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,876 | €8,876 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,876 | €8,876 | = | 0.0% |
| Distributable reserves | 133 | €8,494 | €8,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,480 | €2,749 | +€269 | +10.9% |
| Amounts payable | 17/49 | €297,749 | €298,168 | +€418 | +0.1% |
| Amounts payable within one year | 42/48 | €297,749 | €298,168 | +€418 | +0.1% |
| Other amounts payable | 47/48 | €297,749 | €298,168 | +€418 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,678 | €4,297 | -€2,382 | -35.7% |
| Other operating charges | 640/8 | €9,082 | €4,517 | -€4,565 | -50.3% |
| Gross operating margin | 9900 | €15,195 | €8,819 | -€6,376 | -42.0% |
| Operating profit (loss) | 9901 | -€565 | €5 | +€570 | |
| Financial income | 75/76B | €255 | €480 | +€225 | +88.0% |
| Recurring financial income | 75 | €255 | €480 | +€225 | +88.0% |
| Financial charges | 65/66B | €78 | €72 | -€6 | -7.1% |
| Recurring financial charges | 65 | €78 | €72 | -€6 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€387 | €413 | +€800 | |
| Income taxes | 67/77 | €3,072 | €144 | -€2,928 | -95.3% |
| Profit (loss) for the period | 9904 | -€3,459 | €269 | +€3,728 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,459 | €269 | +€3,728 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.