KOPPIJN: what changed
Two fiscal 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.
KOPPIJN
Largest movements
- Cash +€227,542
up €227,542 (+21.7%), from €1.0m to €1.3m
mainly Net result for the year (+€190,284) and Stocks and contracts (+€41,107)
- Stocks and contracts -€41,107
down €41,107 (-83.7%), from €49,107 to €8,000
of which Contracts in progress: -€23,107
- Receivables within one year -€24,278
down €24,278 (-98.4%), from €24,682 to €404
of which Trade receivables: -€13,209
- Reserves +€135,451
up €135,451 (+13.9%), from €971,330 to €1.1m
- Other debts +€17,573
up €17,573 (+29.6%), from €59,324 to €76,897
- Gross operating margin +€69,819
up €69,819 (+30.4%), from €229,988 to €299,807
- Taxes +€22,350
up €22,350 (+30.6%), from €73,042 to €95,392
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 | €1,166,924 | €1,320,793 | +€153,869 | +13.2% |
| Fixed assets | 21/28 | €40,398 | €33,049 | -€7,349 | -18.2% |
| Tangible fixed assets | 22/27 | €40,393 | €33,044 | -€7,349 | -18.2% |
| Plant, machinery and equipment | 23 | €1,026 | €12,081 | +€11,055 | +1077.5% |
| Furniture and vehicles | 24 | €39,367 | €20,963 | -€18,404 | -46.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €1,126,526 | €1,287,744 | +€161,218 | +14.3% |
| Stocks and contracts in progress | 3 | €49,107 | €8,000 | -€41,107 | -83.7% |
| Stocks | 30/36 | €26,000 | €8,000 | -€18,000 | -69.2% |
| Contracts in progress | 37 | €23,107 | - | -€23,107 | |
| Amounts receivable within one year | 40/41 | €24,682 | €404 | -€24,278 | -98.4% |
| Trade receivables | 40 | €13,613 | €404 | -€13,209 | -97.0% |
| Other amounts receivable | 41 | €11,069 | - | -€11,069 | |
| Cash at bank and in hand | 54/58 | €1,049,405 | €1,276,947 | +€227,542 | +21.7% |
| Deferred charges and accrued income | 490/1 | €3,332 | €2,393 | -€939 | -28.2% |
| Total equity and liabilities | 10/49 | €1,166,924 | €1,320,793 | +€153,869 | +13.2% |
| Equity | 10/15 | €989,930 | €1,125,381 | +€135,451 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €971,330 | €1,106,781 | +€135,451 | +13.9% |
| Distributable reserves | 133 | €971,330 | €1,106,781 | +€135,451 | +13.9% |
| Amounts payable | 17/49 | €176,994 | €195,412 | +€18,418 | +10.4% |
| Amounts payable after more than one year | 17 | €12,269 | €16,663 | +€4,394 | +35.8% |
| Financial debts | 170/4 | €12,269 | €16,663 | +€4,394 | +35.8% |
| Amounts payable within one year | 42/48 | €163,215 | €176,839 | +€13,624 | +8.3% |
| Financial debts | 43 | €38,814 | €37,263 | -€1,551 | -4.0% |
| Credit institutions | 430/8 | €38,814 | €37,263 | -€1,551 | -4.0% |
| Trade debts | 44 | €9,446 | €10,917 | +€1,471 | +15.6% |
| Suppliers | 440/4 | €9,446 | €10,917 | +€1,471 | +15.6% |
| Taxes, remuneration and social security | 45 | €55,631 | €51,762 | -€3,869 | -7.0% |
| Taxes | 450/3 | €55,631 | €51,762 | -€3,869 | -7.0% |
| Other amounts payable | 47/48 | €59,324 | €76,897 | +€17,573 | +29.6% |
| Accrued charges and deferred income | 492/3 | €1,510 | €1,910 | +€400 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,119 | €9,097 | -€22 | -0.2% |
| Other operating charges | 640/8 | €1,659 | €921 | -€738 | -44.5% |
| Gross operating margin | 9900 | €229,988 | €299,807 | +€69,819 | +30.4% |
| Operating profit (loss) | 9901 | €219,210 | €289,789 | +€70,579 | +32.2% |
| Financial charges | 65/66B | €3,124 | €4,113 | +€989 | +31.7% |
| Recurring financial charges | 65 | €3,124 | €4,113 | +€989 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €216,086 | €285,676 | +€69,590 | +32.2% |
| Income taxes | 67/77 | €73,042 | €95,392 | +€22,350 | +30.6% |
| Profit (loss) for the period | 9904 | €143,044 | €190,284 | +€47,240 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,044 | €190,284 | +€47,240 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.