LIES COPS: 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.
LIES COPS
Largest movements
- Receivables within one year +€71,407
up €71,407 (+27.6%), from €258,607 to €330,014
of which Other amounts receivable: +€127,370
- Reserves +€123,722
up €123,722 (+15.1%), from €821,092 to €944,814
- Current portion of long-term debt -€31,798
down €31,798 (-79.5%), from €40,008 to €8,209
- Other debts -€11,387
down €11,387 (-15.7%), from €72,695 to €61,308
- Financial income +€72,085
up €72,085, from €0 to €72,085
- Gross operating margin -€68,614
down €68,614 (-41.7%), from €164,621 to €96,007
- Taxes -€13,554
down €13,554 (-31.6%), from €42,835 to €29,281
- Financial charges -€1,814
down €1,814 (-28.1%), from €6,458 to €4,645
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 | €983,225 | €1,057,406 | +€74,181 | +7.5% |
| Fixed assets | 21/28 | €708,202 | €701,399 | -€6,803 | -1.0% |
| Tangible fixed assets | 22/27 | €32,373 | €25,570 | -€6,803 | -21.0% |
| Furniture and vehicles | 24 | €32,373 | €25,570 | -€6,803 | -21.0% |
| Financial fixed assets | 28 | €675,829 | €675,829 | = | 0.0% |
| Current assets | 29/58 | €275,023 | €356,008 | +€80,985 | +29.4% |
| Amounts receivable within one year | 40/41 | €258,607 | €330,014 | +€71,407 | +27.6% |
| Trade receivables | 40 | €55,963 | €0 | -€55,963 | -100% |
| Other amounts receivable | 41 | €202,644 | €330,014 | +€127,370 | +62.9% |
| Cash at bank and in hand | 54/58 | €13,547 | €22,848 | +€9,301 | +68.7% |
| Deferred charges and accrued income | 490/1 | €2,869 | €3,146 | +€277 | +9.6% |
| Total equity and liabilities | 10/49 | €983,225 | €1,057,406 | +€74,181 | +7.5% |
| Equity | 10/15 | €833,492 | €957,214 | +€123,722 | +14.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €821,092 | €944,814 | +€123,722 | +15.1% |
| Distributable reserves | 133 | €821,092 | €944,814 | +€123,722 | +15.1% |
| Amounts payable | 17/49 | €149,733 | €100,193 | -€49,540 | -33.1% |
| Amounts payable after more than one year | 17 | €23,430 | €15,220 | -€8,209 | -35.0% |
| Financial debts | 170/4 | €23,430 | €15,220 | -€8,209 | -35.0% |
| Amounts payable within one year | 42/48 | €126,304 | €84,973 | -€41,331 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €40,008 | €8,209 | -€31,798 | -79.5% |
| Financial debts | 43 | €6,834 | €4,245 | -€2,589 | -37.9% |
| Credit institutions | 430/8 | €6,834 | €4,245 | -€2,589 | -37.9% |
| Trade debts | 44 | €3,894 | €776 | -€3,118 | -80.1% |
| Suppliers | 440/4 | €3,894 | €776 | -€3,118 | -80.1% |
| Taxes, remuneration and social security | 45 | €2,873 | €10,434 | +€7,561 | +263% |
| Taxes | 450/3 | €2,873 | €10,434 | +€7,561 | +263% |
| Other amounts payable | 47/48 | €72,695 | €61,308 | -€11,387 | -15.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,993 | €9,134 | +€142 | +1.6% |
| Other operating charges | 640/8 | €1,340 | €1,310 | -€30 | -2.2% |
| Gross operating margin | 9900 | €164,621 | €96,007 | -€68,614 | -41.7% |
| Operating profit (loss) | 9901 | €154,288 | €85,562 | -€68,726 | -44.5% |
| Financial income | 75/76B | €0 | €72,085 | +€72,085 | |
| Recurring financial income | 75 | €0 | €72,085 | +€72,085 | |
| Financial charges | 65/66B | €6,458 | €4,645 | -€1,814 | -28.1% |
| Recurring financial charges | 65 | €6,458 | €4,645 | -€1,814 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €147,830 | €153,002 | +€5,172 | +3.5% |
| Income taxes | 67/77 | €42,835 | €29,281 | -€13,554 | -31.6% |
| Profit (loss) for the period | 9904 | €104,995 | €123,722 | +€18,727 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,995 | €123,722 | +€18,727 | +17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.