LA COPA: 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.
LA COPA
Largest movements
- Stocks and contracts -€14,711
no longer reported in 2025 (was €14,711)
- Deferred charges and accrued income -€8,131
down €8,131 (-90.0%), from €9,033 to €902
- Receivables within one year -€7,188
no longer reported in 2025 (was €7,188)
- Cash -€5,786
no longer reported in 2025 (was €5,786)
mainly Net result for the year (-€22,618) and Trade debts (-€13,891)
- Tangible fixed assets -€4,573
down €4,573 (-16.6%), from €27,583 to €23,010
of which Land and buildings: -€4,573
- Profit (loss) carried forward -€22,618
down €22,618 (-43.6%), from -€51,816 to -€74,434
- Trade debts -€13,891
down €13,891 (-50.4%), from €27,587 to €13,696
- Other debts -€8,589
down €8,589 (-12.6%), from €67,988 to €59,399
- Tax, wage and social debts +€4,151
up €4,151 (+97.5%), from €4,259 to €8,410
- Short-term financial debts +€1,241
new in 2025: €1,241
- Staff costs +€12,062
up €12,062 (+49.8%), from €24,233 to €36,295
- Depreciation +€4,573
new in 2025: €4,573
- Gross operating margin +€1,354
up €1,354 (+7.7%), from €17,495 to €18,849
- Financial charges +€214
up €214 (+100.9%), from €212 to €425
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 | €64,302 | €23,912 | -€40,390 | -62.8% |
| Fixed assets | 21/28 | €27,583 | €23,010 | -€4,573 | -16.6% |
| Tangible fixed assets | 22/27 | €27,583 | €23,010 | -€4,573 | -16.6% |
| Land and buildings | 22 | €4,573 | - | -€4,573 | |
| Plant, machinery and equipment | 23 | €23,010 | €23,010 | -€0 | 0.0% |
| Current assets | 29/58 | €36,719 | €902 | -€35,817 | -97.5% |
| Stocks and contracts in progress | 3 | €14,711 | - | -€14,711 | |
| Stocks | 30/36 | €14,711 | - | -€14,711 | |
| Amounts receivable within one year | 40/41 | €7,188 | - | -€7,188 | |
| Other amounts receivable | 41 | €7,188 | - | -€7,188 | |
| Cash at bank and in hand | 54/58 | €5,786 | - | -€5,786 | |
| Deferred charges and accrued income | 490/1 | €9,033 | €902 | -€8,131 | -90.0% |
| Total equity and liabilities | 10/49 | €64,302 | €23,912 | -€40,390 | -62.8% |
| Equity | 10/15 | -€36,216 | -€58,834 | -€22,618 | -62.5% |
| Contributions | 10/11 | €13,740 | €13,740 | = | 0.0% |
| Capital | 10 | €13,740 | - | -€13,740 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €4,860 | - | -€4,860 | |
| Outside capital | 11 | - | €13,740 | +€13,740 | |
| Other | 1109/19 | - | €13,740 | +€13,740 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,816 | -€74,434 | -€22,618 | -43.6% |
| Amounts payable | 17/49 | €100,518 | €82,746 | -€17,772 | -17.7% |
| Amounts payable within one year | 42/48 | €99,834 | €82,746 | -€17,088 | -17.1% |
| Financial debts | 43 | - | €1,241 | +€1,241 | |
| Other loans | 439 | - | €1,241 | +€1,241 | |
| Trade debts | 44 | €27,587 | €13,696 | -€13,891 | -50.4% |
| Suppliers | 440/4 | €27,587 | €13,696 | -€13,891 | -50.4% |
| Taxes, remuneration and social security | 45 | €4,259 | €8,410 | +€4,151 | +97.5% |
| Taxes | 450/3 | €4,259 | €8,410 | +€4,151 | +97.5% |
| Other amounts payable | 47/48 | €67,988 | €59,399 | -€8,589 | -12.6% |
| Accrued charges and deferred income | 492/3 | €685 | - | -€685 | |
| Remuneration, social security and pensions | 62 | €24,233 | €36,295 | +€12,062 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,573 | +€4,573 | |
| Other operating charges | 640/8 | €276 | €174 | -€102 | -36.8% |
| Gross operating margin | 9900 | €17,495 | €18,849 | +€1,354 | +7.7% |
| Operating profit (loss) | 9901 | -€7,013 | -€22,193 | -€15,180 | -216.4% |
| Financial charges | 65/66B | €212 | €425 | +€214 | +100.9% |
| Recurring financial charges | 65 | €212 | €425 | +€214 | +100.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,225 | -€22,618 | -€15,393 | -213.1% |
| Profit (loss) for the period | 9904 | -€7,225 | -€22,618 | -€15,393 | -213.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,225 | -€22,618 | -€15,393 | -213.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.