NEW BACOPE: 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.
NEW BACOPE
Largest movements
- Tangible fixed assets +€33,425
up €33,425 (+893%), from €3,741 to €37,166
of which Furniture and vehicles: +€33,623
- Receivables within one year -€19,610
down €19,610 (-53.6%), from €36,587 to €16,976
of which Trade receivables: -€20,947
- Cash +€11,586
up €11,586 (+35.2%), from €32,941 to €44,527
mainly Trade debts (+€34,835) and Receivables within one year (+€19,610)
- Trade debts +€34,835
up €34,835 (+9,274%), from €376 to €35,211
- Advances received -€18,724
down €18,724 (-56.3%), from €33,234 to €14,510
- Tax, wage and social debts +€9,280
up €9,280 (+128%), from €7,234 to €16,515
of which Taxes: +€7,080
- Profit (loss) carried forward +€6,057
up €6,057 (+51.8%), from €11,700 to €17,758
- Other debts -€6,048
down €6,048 (-91.4%), from €6,615 to €568
- Turnover -€604,288
no longer reported in 2025 (was €604,288)
- Purchases and services -€586,828
no longer reported in 2025 (was €586,828)
- Gross operating margin -€7,941
down €7,941 (-34.2%), from €23,234 to €15,293
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 | €99,330 | €124,731 | +€25,401 | +25.6% |
| Fixed assets | 21/28 | €3,741 | €37,166 | +€33,425 | +893% |
| Tangible fixed assets | 22/27 | €3,741 | €37,166 | +€33,425 | +893% |
| Plant, machinery and equipment | 23 | €198 | - | -€198 | |
| Furniture and vehicles | 24 | €3,543 | €37,166 | +€33,623 | +949% |
| Current assets | 29/58 | €95,589 | €87,565 | -€8,024 | -8.4% |
| Stocks and contracts in progress | 3 | €26,061 | €26,061 | = | 0.0% |
| Stocks | 30/36 | €6,061 | €6,061 | = | 0.0% |
| Contracts in progress | 37 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,587 | €16,976 | -€19,610 | -53.6% |
| Trade receivables | 40 | €20,961 | €13 | -€20,947 | -99.9% |
| Other amounts receivable | 41 | €15,626 | €16,963 | +€1,337 | +8.6% |
| Cash at bank and in hand | 54/58 | €32,941 | €44,527 | +€11,586 | +35.2% |
| Total equity and liabilities | 10/49 | €99,330 | €124,731 | +€25,401 | +25.6% |
| Equity | 10/15 | €51,871 | €57,928 | +€6,057 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,570 | €21,570 | = | 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% |
| Tax-exempt reserves | 132 | €19,710 | €19,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,700 | €17,758 | +€6,057 | +51.8% |
| Amounts payable | 17/49 | €47,459 | €66,803 | +€19,344 | +40.8% |
| Amounts payable within one year | 42/48 | €47,459 | €66,803 | +€19,344 | +40.8% |
| Trade debts | 44 | €376 | €35,211 | +€34,835 | +9,274% |
| Suppliers | 440/4 | €376 | €35,211 | +€34,835 | +9,274% |
| Advances received on contracts in progress | 46 | €33,234 | €14,510 | -€18,724 | -56.3% |
| Taxes, remuneration and social security | 45 | €7,234 | €16,515 | +€9,280 | +128% |
| Taxes | 450/3 | €4,034 | €11,115 | +€7,080 | +175% |
| Remuneration and social security | 454/9 | €3,200 | €5,400 | +€2,200 | +68.7% |
| Other amounts payable | 47/48 | €6,615 | €568 | -€6,048 | -91.4% |
| Turnover | 70 | €604,288 | - | -€604,288 | |
| Non-recurring operating income | 76A | €5,774 | - | -€5,774 | |
| Goods, raw materials, services and sundry goods | 60/61 | €586,828 | - | -€586,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,311 | €6,833 | -€4,478 | -39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,421 | - | -€4,421 | |
| Other operating charges | 640/8 | €1,907 | €2,007 | +€100 | +5.2% |
| Non-recurring operating charges | 66A | - | €198 | +€198 | |
| Gross operating margin | 9900 | €23,234 | €15,293 | -€7,941 | -34.2% |
| Operating profit (loss) | 9901 | €5,595 | €6,255 | +€660 | +11.8% |
| Financial income | 75/76B | €3 | €1 | -€2 | -81.9% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -81.9% |
| Financial charges | 65/66B | €77 | €198 | +€121 | +156% |
| Recurring financial charges | 65 | €77 | €198 | +€121 | +156% |
| Profit (loss) for the period before taxes | 9903 | €5,521 | €6,057 | +€537 | +9.7% |
| Income taxes | 67/77 | €2,316 | - | -€2,316 | |
| Profit (loss) for the period | 9904 | €3,204 | €6,057 | +€2,853 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,204 | €6,057 | +€2,853 | +89.0% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.