LE COPEAU D'OR: 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.
LE COPEAU D'OR
Largest movements
- Receivables within one year +€13,541
up €13,541 (+51.9%), from €26,082 to €39,624
- Cash -€5,028
down €5,028 (-95.4%), from €5,268 to €240
mainly Receivables within one year (-€13,541) and Net result for the year (-€3,602)
- Tangible fixed assets -€2,895
down €2,895 (-39.7%), from €7,297 to €4,401
- Stocks and contracts -€1,140
down €1,140 (-32.1%), from €3,550 to €2,410
- Debts +€8,080
up €8,080 (+12.1%), from €66,653 to €74,733
- Profit (loss) carried forward -€3,602
down €3,602 (-11.5%), from -€31,273 to -€34,875
- Turnover -€33,713
no longer reported in 2009 (was €33,713)
- Gross operating margin -€3,346
down €3,346 (-48.1%), from €6,957 to €3,611
- Taxes +€3,010
up €3,010 (+22,479%), from €13 to €3,023
- Depreciation -€566
down €566 (-14.3%), from €3,956 to €3,390
From the 2008 result to the 2009 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 2008 and 2009 balance sheets and the 2009 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2008 | 2009 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,197 | €46,675 | +€4,478 | +10.6% |
| Fixed assets | 21/28 | €7,297 | €4,401 | -€2,895 | -39.7% |
| Tangible fixed assets | 22/27 | €7,297 | €4,401 | -€2,895 | -39.7% |
| Current assets | 29/58 | €34,901 | €42,274 | +€7,373 | +21.1% |
| Stocks and contracts in progress | 3 | €3,550 | €2,410 | -€1,140 | -32.1% |
| Amounts receivable within one year | 40/41 | €26,082 | €39,624 | +€13,541 | +51.9% |
| Cash at bank and in hand | 54/58 | €5,268 | €240 | -€5,028 | -95.4% |
| Total equity and liabilities | 10/49 | €42,197 | €46,675 | +€4,478 | +10.6% |
| Equity | 10/15 | -€24,456 | -€28,058 | -€3,602 | -14.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,273 | -€34,875 | -€3,602 | -11.5% |
| Amounts payable | 17/49 | €66,653 | €74,733 | +€8,080 | +12.1% |
| Amounts payable within one year | 42/48 | €66,653 | €74,560 | +€7,906 | +11.9% |
| Trade debts | 44 | €4,444 | €6,200 | +€1,756 | +39.5% |
| Turnover | 70 | €33,713 | - | -€33,713 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,956 | €3,390 | -€566 | -14.3% |
| Gross operating margin | 9900 | €6,957 | €3,611 | -€3,346 | -48.1% |
| Operating profit (loss) | 9901 | €2,096 | -€367 | -€2,462 | |
| Recurring financial income | 75 | €89 | €5 | -€84 | -94.3% |
| Recurring financial charges | 65 | €347 | €510 | +€163 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €1,995 | -€578 | -€2,573 | |
| Income taxes | 67/77 | €13 | €3,023 | +€3,010 | +22,479% |
| Profit (loss) for the period | 9904 | €1,981 | -€3,602 | -€5,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,981 | -€3,602 | -€5,583 |
Source: filed annual accounts (NBB), financial years ended 31 December 2008 and 31 December 2009. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.