KOPEVAN: 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.
KOPEVAN
Largest movements
- Cash +€16,266
up €16,266 (+344.8%), from €4,717 to €20,984
mainly Receivables within one year (+€13,467) and Net result for the year (+€10,001)
- Receivables within one year -€13,467
down €13,467 (-43.4%), from €30,997 to €17,530
- Deferred charges and accrued income +€1,492
up €1,492 (+81.4%), from €1,834 to €3,326
- Profit (loss) carried forward +€10,001
up €10,001 (+0.8%), from -€1.2m to -€1.2m
- Debts after one year -€5,173
down €5,173 (-0.7%), from €693,844 to €688,671
- Accrued charges and deferred income -€537
down €537 (-100.0%), from €537 to €0
- Gross operating margin +€7,999
up €7,999 (+45.0%), from €17,778 to €25,776
- Financial charges +€2,050
up €2,050 (+65.9%), from €3,112 to €5,162
- Taxes +€1,169
up €1,169 (+18.5%), from €6,308 to €7,477
- Other operating charges -€992
down €992 (-55.9%), from €1,775 to €783
- Depreciation +€425
up €425 (+22.0%), from €1,928 to €2,352
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 | €42,764 | €47,122 | +€4,358 | +10.2% |
| Fixed assets | 21/28 | €5,216 | €5,283 | +€67 | +1.3% |
| Tangible fixed assets | 22/27 | €5,216 | €5,283 | +€67 | +1.3% |
| Plant, machinery and equipment | 23 | €1,781 | €2,330 | +€549 | +30.8% |
| Furniture and vehicles | 24 | €3,436 | €2,953 | -€483 | -14.0% |
| Current assets | 29/58 | €37,548 | €41,840 | +€4,291 | +11.4% |
| Amounts receivable within one year | 40/41 | €30,997 | €17,530 | -€13,467 | -43.4% |
| Trade receivables | 40 | €30,997 | €17,530 | -€13,467 | -43.4% |
| Cash at bank and in hand | 54/58 | €4,717 | €20,984 | +€16,266 | +344.8% |
| Deferred charges and accrued income | 490/1 | €1,834 | €3,326 | +€1,492 | +81.4% |
| Total equity and liabilities | 10/49 | €42,764 | €47,122 | +€4,358 | +10.2% |
| Equity | 10/15 | -€711,696 | -€701,695 | +€10,001 | +1.4% |
| Contributions | 10/11 | €468,000 | €468,000 | = | 0.0% |
| Capital | 10 | €468,000 | €468,000 | = | 0.0% |
| Issued capital | 100 | €468,000 | €468,000 | = | 0.0% |
| Reserves | 13 | €46,800 | €46,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,800 | €46,800 | = | 0.0% |
| Legal reserve | 130 | €46,800 | €46,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,226,496 | -€1,216,495 | +€10,001 | +0.8% |
| Provisions and deferred taxes | 16 | €34,004 | €34,004 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34,004 | €34,004 | = | 0.0% |
| Pensions and similar obligations | 160 | €34,004 | €34,004 | = | 0.0% |
| Amounts payable | 17/49 | €720,457 | €714,813 | -€5,643 | -0.8% |
| Amounts payable after more than one year | 17 | €693,844 | €688,671 | -€5,173 | -0.7% |
| Other amounts payable | 178/9 | €693,844 | €688,671 | -€5,173 | -0.7% |
| Amounts payable within one year | 42/48 | €26,075 | €26,142 | +€67 | +0.3% |
| Trade debts | 44 | €10,958 | €11,191 | +€233 | +2.1% |
| Suppliers | 440/4 | €10,958 | €11,191 | +€233 | +2.1% |
| Taxes, remuneration and social security | 45 | €15,117 | €14,951 | -€166 | -1.1% |
| Taxes | 450/3 | €15,117 | €14,951 | -€166 | -1.1% |
| Accrued charges and deferred income | 492/3 | €537 | €0 | -€537 | -100.0% |
| Non-recurring operating income | 76A | €1,325 | €0 | -€1,325 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €2,352 | +€425 | +22.0% |
| Other operating charges | 640/8 | €1,775 | €783 | -€992 | -55.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €17,778 | €25,776 | +€7,999 | +45.0% |
| Operating profit (loss) | 9901 | €14,075 | €22,640 | +€8,566 | +60.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,112 | €5,162 | +€2,050 | +65.9% |
| Recurring financial charges | 65 | €3,112 | €5,162 | +€2,050 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €10,963 | €17,478 | +€6,516 | +59.4% |
| Income taxes | 67/77 | €6,308 | €7,477 | +€1,169 | +18.5% |
| Profit (loss) for the period | 9904 | €4,655 | €10,001 | +€5,346 | +114.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,655 | €10,001 | +€5,346 | +114.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.