KOPPEN & Cie: what changed
KOPPEN & Cie
Largest movements
- Current investments -€503,001
down €503,001 (-17.4%), from €2.9m to €2.4m
- Cash -€129,182
down €129,182 (-32.9%), from €392,073 to €262,890
mainly Other debts (-€983,000) and Contributions, distributions and other (-€437,000)
- Receivables within one year -€45,766
down €45,766 (-82.2%), from €55,697 to €9,932
of which Other amounts receivable: -€45,766
- Other debts -€983,000
down €983,000 (-84.5%), from €1.2m to €180,000
- Reserves +€653,813
up €653,813 (+33.5%), from €2.0m to €2.6m
of which Distributable reserves: +€653,813
- Contributions -€437,000
down €437,000 (-99.9%), from €437,500 to €500
- Tax, wage and social debts +€56,463
up €56,463 (+1,321%), from €4,275 to €60,738
of which Taxes: +€56,495
- Financial income +€474,326
up €474,326 (+195%), from €243,260 to €717,586
- Financial charges -€230,903
down €230,903, from €170,280 to -€60,623
- Taxes +€89,955
up €89,955 (+121%), from €74,445 to €164,400
- Gross operating margin -€16,366
down €16,366 (-18.4%), from €89,036 to €72,670
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,560,368 | €2,849,648 | -€710,720 | -20.0% |
| Fixed assets | 21/28 | €224,041 | €192,848 | -€31,193 | -13.9% |
| Tangible fixed assets | 22/27 | €83,041 | €51,848 | -€31,193 | -37.6% |
| Plant, machinery and equipment | 23 | €841 | €491 | -€350 | -41.6% |
| Furniture and vehicles | 24 | €82,200 | €51,357 | -€30,843 | -37.5% |
| Financial fixed assets | 28 | €141,000 | €141,000 | = | 0.0% |
| Current assets | 29/58 | €3,336,327 | €2,656,800 | -€679,528 | -20.4% |
| Amounts receivable within one year | 40/41 | €55,697 | €9,932 | -€45,766 | -82.2% |
| Trade receivables | 40 | €9,932 | €9,932 | = | 0.0% |
| Other amounts receivable | 41 | €45,766 | - | -€45,766 | |
| Current investments | 50/53 | €2,886,776 | €2,383,775 | -€503,001 | -17.4% |
| Cash at bank and in hand | 54/58 | €392,073 | €262,890 | -€129,182 | -32.9% |
| Deferred charges and accrued income | 490/1 | €1,781 | €203 | -€1,579 | -88.6% |
| Total equity and liabilities | 10/49 | €3,560,368 | €2,849,648 | -€710,720 | -20.0% |
| Equity | 10/15 | €2,390,328 | €2,607,141 | +€216,813 | +9.1% |
| Contributions | 10/11 | €437,500 | €500 | -€437,000 | -99.9% |
| Reserves | 13 | €1,952,828 | €2,606,641 | +€653,813 | +33.5% |
| Non-distributable reserves | 130/1 | €44,342 | €44,342 | = | 0.0% |
| Other | 1319 | €44,342 | €44,342 | = | 0.0% |
| Distributable reserves | 133 | €1,908,485 | €2,562,298 | +€653,813 | +34.3% |
| Amounts payable | 17/49 | €1,170,040 | €242,507 | -€927,533 | -79.3% |
| Amounts payable within one year | 42/48 | €1,170,040 | €242,507 | -€927,533 | -79.3% |
| Trade debts | 44 | €2,766 | €1,769 | -€996 | -36.0% |
| Suppliers | 440/4 | €2,766 | €1,769 | -€996 | -36.0% |
| Taxes, remuneration and social security | 45 | €4,275 | €60,738 | +€56,463 | +1,321% |
| Taxes | 450/3 | €4,136 | €60,630 | +€56,495 | +1,366% |
| Remuneration and social security | 454/9 | €139 | €108 | -€31 | -22.5% |
| Other amounts payable | 47/48 | €1,163,000 | €180,000 | -€983,000 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,914 | €31,193 | -€722 | -2.3% |
| Other operating charges | 640/8 | €1,429 | €1,473 | +€44 | +3.1% |
| Gross operating margin | 9900 | €89,036 | €72,670 | -€16,366 | -18.4% |
| Operating profit (loss) | 9901 | €55,693 | €40,004 | -€15,689 | -28.2% |
| Financial income | 75/76B | €243,260 | €717,586 | +€474,326 | +195% |
| Recurring financial income | 75 | €243,260 | €717,586 | +€474,326 | +195% |
| Financial charges | 65/66B | €170,280 | -€60,623 | -€230,903 | |
| Recurring financial charges | 65 | €170,280 | -€60,623 | -€230,903 | |
| Profit (loss) for the period before taxes | 9903 | €128,673 | €818,213 | +€689,540 | +536% |
| Income taxes | 67/77 | €74,445 | €164,400 | +€89,955 | +121% |
| Profit (loss) for the period | 9904 | €54,228 | €653,813 | +€599,585 | +1,106% |
| Profit (loss) for the period to be appropriated | 9905 | €54,228 | €653,813 | +€599,585 | +1,106% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.