KOPILKA: 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
KOPILKA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€65,892
2024 · €125,048-€59,156
Equity
€1.9m
2024 · €1.8m+€17,892
Cash
€38,677
2024 · €34,948+€3,729
Balance sheet total
€4.1m
2024 · €4.0m+€82,448
Largest movements
Assets
- Tangible fixed assets +€112,263
up €112,263 (+3.0%), from €3.8m to €3.9m
of which Assets under construction and advance payments: +€257,262
- Receivables after one year -€45,000
down €45,000 (-25.7%), from €175,000 to €130,000
Equity and liabilities
- Trade debts +€89,715
up €89,715 (+860%), from €10,435 to €100,150
- Debts after one year -€46,645
down €46,645 (-2.5%), from €1.9m to €1.8m
Income statement
- Gross operating margin -€53,576
down €53,576 (-14.5%), from €368,728 to €315,152
- Financial charges +€32,765
up €32,765 (+79.7%), from €41,123 to €73,888
- Taxes -€26,109
down €26,109 (-53.0%), from €49,289 to €23,180
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
€125,048
Gross operating margin
-€53,576
Depreciation
+€1,142
Other operating charges
-€5
Financial income
-€60
Financial charges
-€32,765
Taxes
+€26,109
Result 2025
€65,892
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
+€323,185
Investment
-€264,493
Financing
-€54,963
Cash 2024
€34,948
From operations (derived)
+€323,185
Net result for the year
+€65,892
Depreciation
+€152,230
Receivables after one year
+€45,000
Receivables within one year
-€6,894
Deferred charges and accrued income
-€4,562
Trade debts
+€89,715
Tax, wage and social debts
-€22,500
Other debts
+€7,066
Accrued charges and deferred income
-€2,761
Investment (derived)
-€264,493
Investment in fixed assets (net)
-€264,493
Financing
-€54,963
Debts after one year
-€46,645
Current portion of long-term debt
+€39,682
Contributions, distributions and other
-€48,000
Cash 2025
€38,677
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,991,694 | €4,074,142 | +€82,448 | +2.1% |
| Fixed assets | 21/28 | €3,766,124 | €3,878,388 | +€112,263 | +3.0% |
| Tangible fixed assets | 22/27 | €3,766,124 | €3,878,388 | +€112,263 | +3.0% |
| Land and buildings | 22 | €3,738,725 | €3,598,999 | -€139,726 | -3.7% |
| Furniture and vehicles | 24 | €27,399 | €22,126 | -€5,273 | -19.2% |
| Assets under construction and advance payments | 27 | - | €257,262 | +€257,262 | |
| Current assets | 29/58 | €225,570 | €195,754 | -€29,815 | -13.2% |
| Amounts receivable after more than one year | 29 | €175,000 | €130,000 | -€45,000 | -25.7% |
| Other amounts receivable | 291 | €175,000 | €130,000 | -€45,000 | -25.7% |
| Amounts receivable within one year | 40/41 | €11,193 | €18,087 | +€6,894 | +61.6% |
| Trade receivables | 40 | €3,225 | €7,753 | +€4,528 | +140% |
| Other amounts receivable | 41 | €7,968 | €10,334 | +€2,366 | +29.7% |
| Cash at bank and in hand | 54/58 | €34,948 | €38,677 | +€3,729 | +10.7% |
| Deferred charges and accrued income | 490/1 | €4,429 | €8,991 | +€4,562 | +103% |
| Total equity and liabilities | 10/49 | €3,991,694 | €4,074,142 | +€82,448 | +2.1% |
| Equity | 10/15 | €1,840,781 | €1,858,672 | +€17,892 | +1.0% |
| Contributions | 10/11 | €6,253 | €6,253 | = | 0.0% |
| Reserves | 13 | €408,519 | €420,519 | +€12,000 | +2.9% |
| Tax-exempt reserves | 132 | €1,160 | €1,160 | = | 0.0% |
| Distributable reserves | 133 | €407,359 | €419,359 | +€12,000 | +2.9% |
| Profit (loss) carried forward | 14 | €1,426,009 | €1,431,901 | +€5,892 | +0.4% |
| Provisions and deferred taxes | 16 | €5,522 | €5,522 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,522 | €5,522 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,522 | €5,522 | = | 0.0% |
| Amounts payable | 17/49 | €2,145,392 | €2,209,948 | +€64,556 | +3.0% |
| Amounts payable after more than one year | 17 | €1,871,252 | €1,824,607 | -€46,645 | -2.5% |
| Financial debts | 170/4 | €1,871,252 | €1,824,607 | -€46,645 | -2.5% |
| Amounts payable within one year | 42/48 | €232,335 | €346,298 | +€113,963 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €194,471 | €234,153 | +€39,682 | +20.4% |
| Trade debts | 44 | €10,435 | €100,150 | +€89,715 | +860% |
| Suppliers | 440/4 | €10,435 | €100,150 | +€89,715 | +860% |
| Taxes, remuneration and social security | 45 | €25,000 | €2,500 | -€22,500 | -90.0% |
| Taxes | 450/3 | €25,000 | €2,500 | -€22,500 | -90.0% |
| Other amounts payable | 47/48 | €2,429 | €9,495 | +€7,066 | +291% |
| Accrued charges and deferred income | 492/3 | €41,805 | €39,043 | -€2,761 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,372 | €152,230 | -€1,142 | -0.7% |
| Other operating charges | 640/8 | €114 | €119 | +€5 | +4.7% |
| Gross operating margin | 9900 | €368,728 | €315,152 | -€53,576 | -14.5% |
| Operating profit (loss) | 9901 | €215,243 | €162,803 | -€52,440 | -24.4% |
| Financial income | 75/76B | €217 | €157 | -€60 | -27.8% |
| Recurring financial income | 75 | €217 | €157 | -€60 | -27.8% |
| Financial charges | 65/66B | €41,123 | €73,888 | +€32,765 | +79.7% |
| Recurring financial charges | 65 | €41,123 | €73,888 | +€32,765 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €174,336 | €89,072 | -€85,265 | -48.9% |
| Income taxes | 67/77 | €49,289 | €23,180 | -€26,109 | -53.0% |
| Profit (loss) for the period | 9904 | €125,048 | €65,892 | -€59,156 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €125,048 | €65,892 | -€59,156 | -47.3% |
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 13 October 2026 via checked.be.