PATRICK COPPEJANS: what changed
PATRICK COPPEJANS
Largest movements
- Current investments -€268,718
no longer reported in 2025 (was €268,718)
- Deferred charges and accrued income +€178,831
up €178,831 (+255%), from €70,180 to €249,011
- Cash +€101,679
up €101,679 (+4,160%), from €2,444 to €104,123
mainly Current investments (+€268,718) and Other debts (+€61,096)
- Receivables within one year +€31,781
up €31,781 (+66.7%), from €47,666 to €79,447
of which Trade receivables: +€31,965
- Tangible fixed assets -€11,975
down €11,975 (-21.8%), from €54,953 to €42,978
of which Furniture and vehicles: -€11,442
- Other debts +€61,096
up €61,096 (+72,106%), from €85 to €61,180
- Reserves -€25,983
down €25,983 (-8.2%), from €317,961 to €291,978
- Tax, wage and social debts +€20,185
up €20,185 (+285%), from €7,077 to €27,262
- Trade debts -€17,949
down €17,949 (-20.5%), from €87,738 to €69,788
- Debts after one year -€7,452
down €7,452 (-36.4%), from €20,454 to €13,002
- Other operating charges +€26,975
up €26,975 (+212%), from €12,696 to €39,671
- Gross operating margin +€12,828
up €12,828 (+34.4%), from €37,332 to €50,161
- Taxes -€4,629
down €4,629 (-96.1%), from €4,815 to €186
- Depreciation +€4,264
up €4,264 (+55.3%), from €7,711 to €11,975
- Financial charges +€2,500
up €2,500 (+375%), from €667 to €3,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,181 | €497,329 | +€31,148 | +6.7% |
| Fixed assets | 21/28 | €54,953 | €42,978 | -€11,975 | -21.8% |
| Tangible fixed assets | 22/27 | €54,953 | €42,978 | -€11,975 | -21.8% |
| Furniture and vehicles | 24 | €52,292 | €40,849 | -€11,442 | -21.9% |
| Other tangible fixed assets | 26 | €2,661 | €2,129 | -€532 | -20.0% |
| Current assets | 29/58 | €411,229 | €454,351 | +€43,122 | +10.5% |
| Stocks and contracts in progress | 3 | €22,220 | €21,770 | -€450 | -2.0% |
| Stocks | 30/36 | €22,220 | €21,770 | -€450 | -2.0% |
| Amounts receivable within one year | 40/41 | €47,666 | €79,447 | +€31,781 | +66.7% |
| Trade receivables | 40 | €47,482 | €79,447 | +€31,965 | +67.3% |
| Other amounts receivable | 41 | €185 | - | -€185 | |
| Current investments | 50/53 | €268,718 | - | -€268,718 | |
| Cash at bank and in hand | 54/58 | €2,444 | €104,123 | +€101,679 | +4,160% |
| Deferred charges and accrued income | 490/1 | €70,180 | €249,011 | +€178,831 | +255% |
| Total equity and liabilities | 10/49 | €466,181 | €497,329 | +€31,148 | +6.7% |
| Equity | 10/15 | €342,961 | €316,978 | -€25,983 | -7.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €317,961 | €291,978 | -€25,983 | -8.2% |
| Distributable reserves | 133 | €317,961 | €291,978 | -€25,983 | -8.2% |
| Amounts payable | 17/49 | €123,220 | €180,351 | +€57,131 | +46.4% |
| Amounts payable after more than one year | 17 | €20,454 | €13,002 | -€7,452 | -36.4% |
| Financial debts | 170/4 | €20,454 | €13,002 | -€7,452 | -36.4% |
| Amounts payable within one year | 42/48 | €102,766 | €167,349 | +€64,582 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €7,200 | €7,452 | +€251 | +3.5% |
| Financial debts | 43 | €667 | €1,667 | +€1,000 | +150% |
| Credit institutions | 430/8 | €667 | €1,667 | +€1,000 | +150% |
| Trade debts | 44 | €87,738 | €69,788 | -€17,949 | -20.5% |
| Suppliers | 440/4 | €87,738 | €69,788 | -€17,949 | -20.5% |
| Taxes, remuneration and social security | 45 | €7,077 | €27,262 | +€20,185 | +285% |
| Taxes | 450/3 | €7,077 | €27,262 | +€20,185 | +285% |
| Other amounts payable | 47/48 | €85 | €61,180 | +€61,096 | +72,106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,711 | €11,975 | +€4,264 | +55.3% |
| Other operating charges | 640/8 | €12,696 | €39,671 | +€26,975 | +212% |
| Gross operating margin | 9900 | €37,332 | €50,161 | +€12,828 | +34.4% |
| Operating profit (loss) | 9901 | €16,926 | -€1,485 | -€18,411 | |
| Financial income | 75/76B | €183 | €755 | +€572 | +312% |
| Recurring financial income | 75 | €183 | €755 | +€572 | +312% |
| Financial charges | 65/66B | €667 | €3,167 | +€2,500 | +375% |
| Recurring financial charges | 65 | €667 | €3,167 | +€2,500 | +375% |
| Profit (loss) for the period before taxes | 9903 | €16,442 | -€3,897 | -€20,339 | |
| Income taxes | 67/77 | €4,815 | €186 | -€4,629 | -96.1% |
| Profit (loss) for the period | 9904 | €11,626 | -€4,084 | -€15,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,626 | -€4,084 | -€15,710 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.