KOPDECAM: 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.
KOPDECAM
Largest movements
- Cash +€170,899
up €170,899 (+72.2%), from €236,616 to €407,515
mainly Net result for the year (+€150,592) and Receivables within one year (+€18,303)
- Receivables within one year -€18,303
down €18,303 (-22.2%), from €82,477 to €64,173
of which Trade receivables: -€12,165
- Reserves +€150,592
up €150,592 (+79.3%), from €189,951 to €340,543
of which Distributable reserves: +€108,492
- Other debts -€26,296
down €26,296 (-100%), from €26,296 to €0
- Tax, wage and social debts +€13,704
up €13,704 (+19.4%), from €70,622 to €84,326
- Trade debts +€11,499
up €11,499 (+52.7%), from €21,839 to €33,338
- Taxes +€6,116
up €6,116 (+9.7%), from €62,945 to €69,061
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 | €325,011 | €476,063 | +€151,053 | +46.5% |
| Fixed assets | 21/28 | €5,640 | €4,085 | -€1,555 | -27.6% |
| Tangible fixed assets | 22/27 | €5,640 | €4,085 | -€1,555 | -27.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,640 | €4,085 | -€1,555 | -27.6% |
| Current assets | 29/58 | €319,371 | €471,979 | +€152,608 | +47.8% |
| Amounts receivable within one year | 40/41 | €82,477 | €64,173 | -€18,303 | -22.2% |
| Trade receivables | 40 | €73,004 | €60,839 | -€12,165 | -16.7% |
| Other amounts receivable | 41 | €9,472 | €3,334 | -€6,138 | -64.8% |
| Cash at bank and in hand | 54/58 | €236,616 | €407,515 | +€170,899 | +72.2% |
| Deferred charges and accrued income | 490/1 | €279 | €290 | +€12 | +4.3% |
| Total equity and liabilities | 10/49 | €325,011 | €476,063 | +€151,053 | +46.5% |
| Equity | 10/15 | €202,351 | €352,943 | +€150,592 | +74.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,951 | €340,543 | +€150,592 | +79.3% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €189,951 | €298,443 | +€108,492 | +57.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,659 | €123,120 | +€461 | +0.4% |
| Amounts payable within one year | 42/48 | €119,809 | €119,070 | -€739 | -0.6% |
| Financial debts | 43 | €1,052 | €1,406 | +€355 | +33.7% |
| Credit institutions | 430/8 | - | €1,406 | +€1,406 | |
| Other loans | 439 | €1,052 | €0 | -€1,052 | -100% |
| Trade debts | 44 | €21,839 | €33,338 | +€11,499 | +52.7% |
| Suppliers | 440/4 | €21,839 | €33,338 | +€11,499 | +52.7% |
| Taxes, remuneration and social security | 45 | €70,622 | €84,326 | +€13,704 | +19.4% |
| Taxes | 450/3 | €70,622 | €84,326 | +€13,704 | +19.4% |
| Other amounts payable | 47/48 | €26,296 | €0 | -€26,296 | -100% |
| Accrued charges and deferred income | 492/3 | €2,850 | €4,050 | +€1,200 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €1,555 | -€132 | -7.8% |
| Other operating charges | 640/8 | €1,179 | €967 | -€212 | -18.0% |
| Gross operating margin | 9900 | €224,458 | €223,534 | -€923 | -0.4% |
| Operating profit (loss) | 9901 | €221,591 | €221,013 | -€578 | -0.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,771 | €1,360 | -€411 | -23.2% |
| Recurring financial charges | 65 | €1,771 | €1,360 | -€411 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €219,820 | €219,653 | -€167 | -0.1% |
| Income taxes | 67/77 | €62,945 | €69,061 | +€6,116 | +9.7% |
| Profit (loss) for the period | 9904 | €156,875 | €150,592 | -€6,283 | -4.0% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €156,875 | €108,492 | -€48,383 | -30.8% |
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 27 October 2026 via checked.be.