Kopwerk: 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.
Kopwerk
Largest movements
- Cash -€89,505
down €89,505 (-50.6%), from €176,783 to €87,278
mainly Contributions, distributions and other (-€285,359) and Tax, wage and social debts (-€23,425)
- Receivables within one year +€12,557
up €12,557 (+62.2%), from €20,189 to €32,746
of which Trade receivables: +€12,440
- Current investments -€12,435
down €12,435 (-17.6%), from €70,580 to €58,146
- Profit (loss) carried forward -€175,876
down €175,876 (-100%), from €175,876 to €0
- Other debts +€109,463
up €109,463 (+193,363%), from €57 to €109,520
- Tax, wage and social debts -€23,425
down €23,425 (-56.2%), from €41,690 to €18,265
of which Taxes: -€27,163
- Staff costs +€30,530
new in 2025: €30,530
- Gross operating margin +€25,949
up €25,949 (+17.6%), from €147,179 to €173,128
- Other operating charges -€5,427
down €5,427 (-91.2%), from €5,948 to €521
- Financial income -€3,239
down €3,239 (-65.7%), from €4,930 to €1,691
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,381 | €180,970 | -€88,411 | -32.8% |
| Fixed assets | 21/28 | €1,585 | €2,418 | +€833 | +52.5% |
| Tangible fixed assets | 22/27 | €1,585 | €2,418 | +€833 | +52.5% |
| Furniture and vehicles | 24 | €1,585 | €2,418 | +€833 | +52.5% |
| Current assets | 29/58 | €267,796 | €178,552 | -€89,244 | -33.3% |
| Amounts receivable within one year | 40/41 | €20,189 | €32,746 | +€12,557 | +62.2% |
| Trade receivables | 40 | €20,189 | €32,629 | +€12,440 | +61.6% |
| Other amounts receivable | 41 | - | €117 | +€117 | |
| Current investments | 50/53 | €70,580 | €58,146 | -€12,435 | -17.6% |
| Cash at bank and in hand | 54/58 | €176,783 | €87,278 | -€89,505 | -50.6% |
| Deferred charges and accrued income | 490/1 | €244 | €382 | +€138 | +56.7% |
| Total equity and liabilities | 10/49 | €269,381 | €180,970 | -€88,411 | -32.8% |
| Equity | 10/15 | €227,606 | €51,730 | -€175,876 | -77.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €49,230 | €49,230 | = | 0.0% |
| Distributable reserves | 133 | €49,230 | €49,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,876 | €0 | -€175,876 | -100% |
| Amounts payable | 17/49 | €41,775 | €129,240 | +€87,464 | +209% |
| Amounts payable within one year | 42/48 | €41,775 | €129,240 | +€87,464 | +209% |
| Financial debts | 43 | €17 | €94 | +€77 | +449% |
| Credit institutions | 430/8 | €17 | €0 | -€17 | -100% |
| Other loans | 439 | - | €94 | +€94 | |
| Trade debts | 44 | €12 | €1,360 | +€1,349 | +11,598% |
| Suppliers | 440/4 | €12 | €1,360 | +€1,349 | +11,598% |
| Taxes, remuneration and social security | 45 | €41,690 | €18,265 | -€23,425 | -56.2% |
| Taxes | 450/3 | €41,690 | €14,527 | -€27,163 | -65.2% |
| Remuneration and social security | 454/9 | - | €3,738 | +€3,738 | |
| Other amounts payable | 47/48 | €57 | €109,520 | +€109,463 | +193,363% |
| Non-recurring operating income | 76A | €5,376 | €122 | -€5,254 | -97.7% |
| Remuneration, social security and pensions | 62 | - | €30,530 | +€30,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,684 | €1,709 | -€975 | -36.3% |
| Other operating charges | 640/8 | €5,948 | €521 | -€5,427 | -91.2% |
| Gross operating margin | 9900 | €147,179 | €173,128 | +€25,949 | +17.6% |
| Operating profit (loss) | 9901 | €138,547 | €140,369 | +€1,821 | +1.3% |
| Financial income | 75/76B | €4,930 | €1,691 | -€3,239 | -65.7% |
| Recurring financial income | 75 | €4,930 | €1,691 | -€3,239 | -65.7% |
| Financial charges | 65/66B | €238 | €272 | +€34 | +14.2% |
| Recurring financial charges | 65 | €238 | €272 | +€34 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €143,239 | €141,788 | -€1,451 | -1.0% |
| Income taxes | 67/77 | €31,388 | €32,304 | +€916 | +2.9% |
| Profit (loss) for the period | 9904 | €111,851 | €109,483 | -€2,367 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,851 | €109,483 | -€2,367 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.