KOPIAM: 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.
What changed
KOPIAM
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€97,237
2024 · €266,808-€169,572
Equity
€110,343
2024 · €432,763-€322,420
Cash
€61,879
2024 · €78,152-€16,273
Balance sheet total
€2.1m
2024 · €2.5m-€396,232
Largest movements
Assets
- Receivables within one year -€189,610
down €189,610 (-38.7%), from €489,964 to €300,354
of which Other amounts receivable: -€189,734
- Tangible fixed assets -€184,142
down €184,142 (-13.4%), from €1.4m to €1.2m
Equity and liabilities
- Profit (loss) carried forward -€322,420
no longer reported in 2025 (was €322,420)
- Debts after one year -€125,320
down €125,320 (-13.2%), from €946,320 to €821,000
- Trade debts +€46,528
up €46,528 (+5.5%), from €847,797 to €894,326
- Other debts -€30,105
no longer reported in 2025 (was €30,105)
Income statement
- Gross operating margin -€158,145
down €158,145 (-13.5%), from €1.2m to €1.0m
- Staff costs +€42,555
up €42,555 (+8.1%), from €527,812 to €570,367
- Taxes -€39,781
down €39,781 (-48.0%), from €82,854 to €43,073
- Write-downs +€13,511
new in 2025: €13,511
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.
Result 2024
€266,808
Gross operating margin
-€158,145
Staff costs
-€42,555
Depreciation
+€34
Write-downs
-€13,511
Other operating charges
+€4,125
Financial income
-€3,225
Financial charges
+€3,923
Taxes
+€39,781
Result 2025
€97,237
raises the resultlowers the result
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.
From operations
+€518,917
Investment
-€7,929
Financing
-€527,260
Cash 2024
€78,152
From operations (derived)
+€518,917
Net result for the year
+€97,237
Depreciation
+€192,071
Stocks and contracts
-€871
Receivables within one year
+€189,610
Deferred charges and accrued income
+€7,078
Trade debts
+€46,528
Tax, wage and social debts
+€5,617
Other debts
-€30,105
Accrued charges and deferred income
+€11,752
Investment (derived)
-€7,929
Investment in fixed assets (net)
-€7,929
Financing
-€527,260
Debts after one year
-€125,320
Current portion of long-term debt
+€14,383
Short-term financial debts
+€3,333
Contributions, distributions and other
-€419,657
Cash 2025
€61,879
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,539,420 | €2,143,188 | -€396,232 | -15.6% |
| Fixed assets | 21/28 | €1,373,699 | €1,189,556 | -€184,142 | -13.4% |
| Tangible fixed assets | 22/27 | €1,373,649 | €1,189,506 | -€184,142 | -13.4% |
| Land and buildings | 22 | €992,045 | €946,959 | -€45,086 | -4.5% |
| Plant, machinery and equipment | 23 | €251,959 | €169,333 | -€82,626 | -32.8% |
| Furniture and vehicles | 24 | €1,202 | €801 | -€402 | -33.4% |
| Other tangible fixed assets | 26 | €128,442 | €72,413 | -€56,029 | -43.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,165,721 | €953,632 | -€212,090 | -18.2% |
| Stocks and contracts in progress | 3 | €506,114 | €506,985 | +€871 | +0.2% |
| Stocks | 30/36 | €506,114 | €506,985 | +€871 | +0.2% |
| Amounts receivable within one year | 40/41 | €489,964 | €300,354 | -€189,610 | -38.7% |
| Trade receivables | 40 | €25,922 | €26,046 | +€124 | +0.5% |
| Other amounts receivable | 41 | €464,042 | €274,308 | -€189,734 | -40.9% |
| Cash at bank and in hand | 54/58 | €78,152 | €61,879 | -€16,273 | -20.8% |
| Deferred charges and accrued income | 490/1 | €91,491 | €84,414 | -€7,078 | -7.7% |
| Total equity and liabilities | 10/49 | €2,539,420 | €2,143,188 | -€396,232 | -15.6% |
| Equity | 10/15 | €432,763 | €110,343 | -€322,420 | -74.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,051 | €48,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,051 | €40,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,420 | - | -€322,420 | |
| Investment grants | 15 | €43,692 | €43,692 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,365 | €10,365 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,365 | €10,365 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,365 | €10,365 | = | 0.0% |
| Amounts payable | 17/49 | €2,096,291 | €2,022,479 | -€73,812 | -3.5% |
| Amounts payable after more than one year | 17 | €946,320 | €821,000 | -€125,320 | -13.2% |
| Financial debts | 170/4 | €946,320 | €821,000 | -€125,320 | -13.2% |
| Amounts payable within one year | 42/48 | €1,100,695 | €1,140,451 | +€39,757 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €110,937 | €125,320 | +€14,383 | +13.0% |
| Financial debts | 43 | - | €3,333 | +€3,333 | |
| Credit institutions | 430/8 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €847,797 | €894,326 | +€46,528 | +5.5% |
| Suppliers | 440/4 | €847,797 | €894,326 | +€46,528 | +5.5% |
| Taxes, remuneration and social security | 45 | €111,856 | €117,472 | +€5,617 | +5.0% |
| Taxes | 450/3 | €45,159 | €46,209 | +€1,049 | +2.3% |
| Remuneration and social security | 454/9 | €66,696 | €71,264 | +€4,568 | +6.8% |
| Other amounts payable | 47/48 | €30,105 | - | -€30,105 | |
| Accrued charges and deferred income | 492/3 | €49,277 | €61,028 | +€11,752 | +23.8% |
| Remuneration, social security and pensions | 62 | €527,812 | €570,367 | +€42,555 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,106 | €192,071 | -€34 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,511 | +€13,511 | |
| Other operating charges | 640/8 | €39,963 | €35,838 | -€4,125 | -10.3% |
| Gross operating margin | 9900 | €1,167,141 | €1,008,996 | -€158,145 | -13.5% |
| Operating profit (loss) | 9901 | €407,259 | €197,208 | -€210,051 | -51.6% |
| Financial income | 75/76B | €3,800 | €576 | -€3,225 | -84.8% |
| Recurring financial income | 75 | €3,800 | €576 | -€3,225 | -84.8% |
| Financial charges | 65/66B | €61,398 | €57,475 | -€3,923 | -6.4% |
| Recurring financial charges | 65 | €61,398 | €57,475 | -€3,923 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €349,662 | €140,310 | -€209,353 | -59.9% |
| Income taxes | 67/77 | €82,854 | €43,073 | -€39,781 | -48.0% |
| Profit (loss) for the period | 9904 | €266,808 | €97,237 | -€169,572 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €266,808 | €97,237 | -€169,572 | -63.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.