KOPIBE: 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
KOPIBE
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€56,894
2024 · -€31,689-€25,206
Equity
€661,958
2024 · €718,852-€56,894
Cash
€18,004
2024 · €34,897-€16,893
Balance sheet total
€3.0m
2024 · €3.1m-€131,184
Largest movements
Assets
- Tangible fixed assets -€122,209
down €122,209 (-3.9%), from €3.1m to €3.0m
of which Land and buildings: -€108,395
Equity and liabilities
- Debts after one year -€76,008
down €76,008 (-10.1%), from €754,184 to €678,175
- Profit (loss) carried forward -€34,657
down €34,657 (-51.8%), from -€66,851 to -€101,508
Income statement
- Depreciation +€44,981
up €44,981 (+41.9%), from €107,241 to €152,222
- Gross operating margin +€30,201
up €30,201 (+32.5%), from €92,992 to €123,194
- Other operating charges +€8,408
up €8,408 (+45.2%), from €18,616 to €27,024
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
-€31,689
Gross operating margin
+€30,201
Depreciation
-€44,981
Other operating charges
-€8,408
Financial income
-€1,230
Financial charges
+€769
Taxes
+€393
Deferred taxes and other
-€1,950
Result 2025
-€56,894
raises the resultlowers the resultnot broken down further in the accounts
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
+€88,376
Investment
-€30,014
Financing
-€75,255
Cash 2024
€34,897
From operations (derived)
+€88,376
Net result for the year
-€56,894
Depreciation
+€152,222
Receivables within one year
-€1,793
Deferred charges and accrued income
-€6,125
Provisions
-€7,755
Trade debts
+€367
Tax, wage and social debts
+€2,982
Other debts
+€4,012
Accrued charges and deferred income
+€1,359
Investment (derived)
-€30,014
Investment in fixed assets (net)
-€30,014
Financing
-€75,255
Debts after one year
-€76,008
Current portion of long-term debt
+€753
Cash 2025
€18,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,131,389 | €3,000,204 | -€131,184 | -4.2% |
| Fixed assets | 21/28 | €3,094,212 | €2,972,003 | -€122,209 | -3.9% |
| Tangible fixed assets | 22/27 | €3,094,212 | €2,972,003 | -€122,209 | -3.9% |
| Land and buildings | 22 | €3,061,375 | €2,952,981 | -€108,395 | -3.5% |
| Furniture and vehicles | 24 | €32,837 | €19,023 | -€13,814 | -42.1% |
| Current assets | 29/58 | €37,177 | €28,201 | -€8,976 | -24.1% |
| Amounts receivable within one year | 40/41 | €299 | €2,092 | +€1,793 | +599% |
| Trade receivables | 40 | €0 | €1,084 | +€1,084 | |
| Other amounts receivable | 41 | €299 | €1,007 | +€708 | +237% |
| Cash at bank and in hand | 54/58 | €34,897 | €18,004 | -€16,893 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,980 | €8,105 | +€6,125 | +309% |
| Total equity and liabilities | 10/49 | €3,131,389 | €3,000,204 | -€131,184 | -4.2% |
| Equity | 10/15 | €718,852 | €661,958 | -€56,894 | -7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €723,703 | €701,466 | -€22,238 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €278,875 | €256,637 | -€22,238 | -8.0% |
| Distributable reserves | 133 | €438,629 | €438,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,851 | -€101,508 | -€34,657 | -51.8% |
| Provisions and deferred taxes | 16 | €91,150 | €83,395 | -€7,755 | -8.5% |
| Deferred taxes | 168 | €91,150 | €83,395 | -€7,755 | -8.5% |
| Amounts payable | 17/49 | €2,321,386 | €2,254,851 | -€66,535 | -2.9% |
| Amounts payable after more than one year | 17 | €754,184 | €678,175 | -€76,008 | -10.1% |
| Financial debts | 170/4 | €754,184 | €678,175 | -€76,008 | -10.1% |
| Amounts payable within one year | 42/48 | €1,567,203 | €1,575,317 | +€8,114 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €75,255 | €76,008 | +€753 | +1.0% |
| Trade debts | 44 | €634 | €1,002 | +€367 | +57.9% |
| Suppliers | 440/4 | €634 | €1,002 | +€367 | +57.9% |
| Taxes, remuneration and social security | 45 | €552 | €3,534 | +€2,982 | +540% |
| Taxes | 450/3 | €552 | €3,534 | +€2,982 | +540% |
| Other amounts payable | 47/48 | €1,490,761 | €1,494,773 | +€4,012 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | €1,359 | +€1,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,241 | €152,222 | +€44,981 | +41.9% |
| Other operating charges | 640/8 | €18,616 | €27,024 | +€8,408 | +45.2% |
| Gross operating margin | 9900 | €92,992 | €123,194 | +€30,201 | +32.5% |
| Operating profit (loss) | 9901 | -€32,865 | -€56,053 | -€23,188 | -70.6% |
| Financial income | 75/76B | €1,550 | €319 | -€1,230 | -79.4% |
| Recurring financial income | 75 | €1,550 | €319 | -€1,230 | -79.4% |
| Financial charges | 65/66B | €9,344 | €8,575 | -€769 | -8.2% |
| Recurring financial charges | 65 | €9,344 | €8,575 | -€769 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,659 | -€64,308 | -€23,649 | -58.2% |
| Transfer from deferred taxes | 780 | €9,705 | €7,755 | -€1,950 | -20.1% |
| Income taxes | 67/77 | €735 | €342 | -€393 | -53.5% |
| Profit (loss) for the period | 9904 | -€31,689 | -€56,894 | -€25,206 | -79.5% |
| Transfer from tax-exempt reserves | 789 | €28,087 | €22,238 | -€5,849 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,602 | -€34,657 | -€31,055 | -862% |
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 14 October 2026 via checked.be.