KOPMAN: 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.
KOPMAN
Largest movements
- Cash +€142,378
up €142,378 (+119.8%), from €118,878 to €261,256
mainly Net result for the year (+€112,985) and Depreciation (+€64,659)
- Tangible fixed assets -€55,487
down €55,487 (-4.3%), from €1.3m to €1.2m
of which Land and buildings: -€31,069
- Reserves +€106,933
up €106,933 (+41.2%), from €259,421 to €366,354
- Debts after one year -€41,765
down €41,765 (-5.0%), from €842,892 to €801,127
- Gross operating margin +€30,757
up €30,757 (+14.5%), from €212,064 to €242,821
- Depreciation +€11,298
up €11,298 (+21.2%), from €53,361 to €64,659
- Taxes +€6,880
up €6,880 (+17.2%), from €39,998 to €46,878
- Financial charges -€2,944
down €2,944 (-15.9%), from €18,472 to €15,528
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 | €1,441,876 | €1,525,731 | +€83,855 | +5.8% |
| Fixed assets | 21/28 | €1,281,241 | €1,225,754 | -€55,487 | -4.3% |
| Tangible fixed assets | 22/27 | €1,281,241 | €1,225,754 | -€55,487 | -4.3% |
| Land and buildings | 22 | €1,151,576 | €1,120,506 | -€31,069 | -2.7% |
| Plant, machinery and equipment | 23 | €13,019 | €11,614 | -€1,405 | -10.8% |
| Furniture and vehicles | 24 | €89,967 | €66,636 | -€23,332 | -25.9% |
| Other tangible fixed assets | 26 | €26,679 | €26,997 | +€319 | +1.2% |
| Current assets | 29/58 | €160,635 | €299,977 | +€139,342 | +86.7% |
| Amounts receivable within one year | 40/41 | €39,302 | €35,823 | -€3,479 | -8.9% |
| Trade receivables | 40 | €20,931 | €31,082 | +€10,150 | +48.5% |
| Other amounts receivable | 41 | €18,371 | €4,741 | -€13,630 | -74.2% |
| Cash at bank and in hand | 54/58 | €118,878 | €261,256 | +€142,378 | +119.8% |
| Deferred charges and accrued income | 490/1 | €2,455 | €2,898 | +€444 | +18.1% |
| Total equity and liabilities | 10/49 | €1,441,876 | €1,525,731 | +€83,855 | +5.8% |
| Equity | 10/15 | €260,421 | €367,354 | +€106,933 | +41.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €259,421 | €366,354 | +€106,933 | +41.2% |
| Distributable reserves | 133 | €259,421 | €366,354 | +€106,933 | +41.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,181,455 | €1,158,377 | -€23,078 | -2.0% |
| Amounts payable after more than one year | 17 | €842,892 | €801,127 | -€41,765 | -5.0% |
| Financial debts | 170/4 | €842,892 | €801,127 | -€41,765 | -5.0% |
| Amounts payable within one year | 42/48 | €330,823 | €354,050 | +€23,227 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €41,730 | €45,215 | +€3,485 | +8.4% |
| Trade debts | 44 | €835 | €1,532 | +€697 | +83.4% |
| Suppliers | 440/4 | €835 | €1,532 | +€697 | +83.4% |
| Taxes, remuneration and social security | 45 | €20,750 | €30,495 | +€9,745 | +47.0% |
| Taxes | 450/3 | €20,750 | €30,495 | +€9,745 | +47.0% |
| Other amounts payable | 47/48 | €267,507 | €276,808 | +€9,301 | +3.5% |
| Accrued charges and deferred income | 492/3 | €7,740 | €3,200 | -€4,540 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,361 | €64,659 | +€11,298 | +21.2% |
| Other operating charges | 640/8 | €3,446 | €2,770 | -€675 | -19.6% |
| Gross operating margin | 9900 | €212,064 | €242,821 | +€30,757 | +14.5% |
| Operating profit (loss) | 9901 | €155,258 | €175,391 | +€20,134 | +13.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -91.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -91.7% |
| Financial charges | 65/66B | €18,472 | €15,528 | -€2,944 | -15.9% |
| Recurring financial charges | 65 | €18,472 | €15,528 | -€2,944 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €136,786 | €159,863 | +€23,077 | +16.9% |
| Income taxes | 67/77 | €39,998 | €46,878 | +€6,880 | +17.2% |
| Profit (loss) for the period | 9904 | €96,788 | €112,985 | +€16,197 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,788 | €112,985 | +€16,197 | +16.7% |
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 12 October 2026 via checked.be.