MARC COPPENS INTERIM MANAGEMENT: 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.
MARC COPPENS INTERIM MANAGEMENT
Largest movements
- Tangible fixed assets +€75,977
up €75,977 (+473%), from €16,068 to €92,045
- Cash +€8,278
up €8,278 (+116%), from €7,123 to €15,401
mainly Net result for the year (+€36,645) and Debts after one year (+€23,003)
- Debts after one year +€23,003
new in 2025: €23,003
- Reserves +€20,000
up €20,000 (+5,714%), from €350 to €20,350
of which Distributable reserves: +€20,000
- Profit (loss) carried forward +€16,645
up €16,645 (+140%), from €11,890 to €28,535
- Tax, wage and social debts +€14,888
up €14,888 (+746%), from €1,997 to €16,885
- Current portion of long-term debt +€9,640
new in 2025: €9,640
- Gross operating margin +€48,142
up €48,142 (+226%), from €21,329 to €69,471
- Turnover +€32,035
new in 2025: €32,035
- Taxes +€15,081
up €15,081 (+755%), from €1,997 to €17,078
- Purchases and services +€12,801
new in 2025: €12,801
- Depreciation -€2,457
down €2,457 (-15.3%), from €16,068 to €13,611
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 | €28,890 | €112,843 | +€83,953 | +291% |
| Fixed assets | 21/28 | €16,068 | €92,045 | +€75,977 | +473% |
| Tangible fixed assets | 22/27 | €16,068 | €92,045 | +€75,977 | +473% |
| Furniture and vehicles | 24 | €16,068 | €92,045 | +€75,977 | +473% |
| Current assets | 29/58 | €12,822 | €20,798 | +€7,976 | +62.2% |
| Amounts receivable within one year | 40/41 | €5,699 | €5,397 | -€302 | -5.3% |
| Trade receivables | 40 | €2,529 | - | -€2,529 | |
| Other amounts receivable | 41 | €3,170 | €5,397 | +€2,227 | +70.3% |
| Cash at bank and in hand | 54/58 | €7,123 | €15,401 | +€8,278 | +116% |
| Total equity and liabilities | 10/49 | €28,890 | €112,843 | +€83,953 | +291% |
| Equity | 10/15 | €24,640 | €61,285 | +€36,645 | +149% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €350 | €20,350 | +€20,000 | +5,714% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €11,890 | €28,535 | +€16,645 | +140% |
| Amounts payable | 17/49 | €4,250 | €51,558 | +€47,308 | +1,113% |
| Amounts payable after more than one year | 17 | - | €23,003 | +€23,003 | |
| Financial debts | 170/4 | - | €23,003 | +€23,003 | |
| Amounts payable within one year | 42/48 | €4,250 | €28,555 | +€24,305 | +572% |
| Current portion of amounts payable after more than one year | 42 | - | €9,640 | +€9,640 | |
| Trade debts | 44 | €30 | €27 | -€3 | -10.0% |
| Suppliers | 440/4 | €30 | €27 | -€3 | -10.0% |
| Taxes, remuneration and social security | 45 | €1,997 | €16,885 | +€14,888 | +746% |
| Taxes | 450/3 | €1,997 | €16,885 | +€14,888 | +746% |
| Other amounts payable | 47/48 | €2,223 | €2,003 | -€220 | -9.9% |
| Turnover | 70 | - | €32,035 | +€32,035 | |
| Non-recurring operating income | 76A | - | €48,483 | +€48,483 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €12,801 | +€12,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,068 | €13,611 | -€2,457 | -15.3% |
| Other operating charges | 640/8 | €437 | €1,010 | +€573 | +131% |
| Non-recurring operating charges | 66A | - | €581 | +€581 | |
| Gross operating margin | 9900 | €21,329 | €69,471 | +€48,142 | +226% |
| Operating profit (loss) | 9901 | €4,824 | €54,269 | +€49,445 | +1,025% |
| Financial charges | 65/66B | €120 | €546 | +€426 | +355% |
| Recurring financial charges | 65 | €120 | €546 | +€426 | +355% |
| Profit (loss) for the period before taxes | 9903 | €4,704 | €53,723 | +€49,019 | +1,042% |
| Income taxes | 67/77 | €1,997 | €17,078 | +€15,081 | +755% |
| Profit (loss) for the period | 9904 | €2,707 | €36,645 | +€33,938 | +1,254% |
| Profit (loss) for the period to be appropriated | 9905 | €2,707 | €36,645 | +€33,938 | +1,254% |
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 30 October 2026 via checked.be.