Roy Coppieters: 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.
Roy Coppieters
Largest movements
- Cash +€43,314
up €43,314 (+118%), from €36,788 to €80,103
mainly Net result for the year (+€58,221) and Other debts (+€34,021)
- Tangible fixed assets -€8,910
down €8,910 (-7.4%), from €120,483 to €111,573
- Receivables within one year -€8,713
down €8,713 (-72.7%), from €11,991 to €3,278
of which Other amounts receivable: -€10,278
- Other debts +€34,021
up €34,021 (+56.9%), from €59,754 to €93,775
- Tax, wage and social debts -€7,120
down €7,120 (-20.1%), from €35,351 to €28,231
- Trade debts +€2,598
up €2,598 (+163%), from €1,589 to €4,187
- Debts after one year -€2,571
down €2,571 (-3.9%), from €66,599 to €64,029
- Gross operating margin -€14,806
down €14,806 (-14.2%), from €104,509 to €89,704
- Taxes -€3,085
down €3,085 (-16.3%), from €18,872 to €15,787
- Depreciation -€1,102
down €1,102 (-11.0%), from €10,012 to €8,910
- Financial charges +€1,067
up €1,067 (+22.0%), from €4,848 to €5,915
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 | €172,257 | €199,292 | +€27,035 | +15.7% |
| Fixed assets | 21/28 | €120,483 | €111,573 | -€8,910 | -7.4% |
| Tangible fixed assets | 22/27 | €120,483 | €111,573 | -€8,910 | -7.4% |
| Land and buildings | 22 | €110,146 | €105,864 | -€4,282 | -3.9% |
| Plant, machinery and equipment | 23 | €364 | €108 | -€256 | -70.2% |
| Furniture and vehicles | 24 | €7,789 | €4,179 | -€3,610 | -46.3% |
| Other tangible fixed assets | 26 | €2,184 | €1,421 | -€763 | -34.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €51,774 | €87,719 | +€35,945 | +69.4% |
| Amounts receivable within one year | 40/41 | €11,991 | €3,278 | -€8,713 | -72.7% |
| Trade receivables | 40 | €0 | €1,565 | +€1,565 | |
| Other amounts receivable | 41 | €11,991 | €1,713 | -€10,278 | -85.7% |
| Cash at bank and in hand | 54/58 | €36,788 | €80,103 | +€43,314 | +118% |
| Deferred charges and accrued income | 490/1 | €2,995 | €4,339 | +€1,343 | +44.9% |
| Total equity and liabilities | 10/49 | €172,257 | €199,292 | +€27,035 | +15.7% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,257 | €194,292 | +€27,035 | +16.2% |
| Amounts payable after more than one year | 17 | €66,599 | €64,029 | -€2,571 | -3.9% |
| Financial debts | 170/4 | €66,599 | €64,029 | -€2,571 | -3.9% |
| Amounts payable within one year | 42/48 | €99,158 | €128,763 | +€29,605 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €2,464 | €2,571 | +€107 | +4.3% |
| Trade debts | 44 | €1,589 | €4,187 | +€2,598 | +163% |
| Suppliers | 440/4 | €1,589 | €4,187 | +€2,598 | +163% |
| Taxes, remuneration and social security | 45 | €35,351 | €28,231 | -€7,120 | -20.1% |
| Taxes | 450/3 | €35,351 | €28,231 | -€7,120 | -20.1% |
| Other amounts payable | 47/48 | €59,754 | €93,775 | +€34,021 | +56.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,012 | €8,910 | -€1,102 | -11.0% |
| Other operating charges | 640/8 | €1,171 | €1,267 | +€96 | +8.2% |
| Gross operating margin | 9900 | €104,509 | €89,704 | -€14,806 | -14.2% |
| Operating profit (loss) | 9901 | €93,327 | €79,527 | -€13,800 | -14.8% |
| Financial income | 75/76B | €692 | €397 | -€296 | -42.7% |
| Recurring financial income | 75 | €692 | €397 | -€296 | -42.7% |
| Financial charges | 65/66B | €4,848 | €5,915 | +€1,067 | +22.0% |
| Recurring financial charges | 65 | €4,848 | €5,915 | +€1,067 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €89,171 | €74,009 | -€15,162 | -17.0% |
| Income taxes | 67/77 | €18,872 | €15,787 | -€3,085 | -16.3% |
| Profit (loss) for the period | 9904 | €70,299 | €58,221 | -€12,078 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,299 | €58,221 | -€12,078 | -17.2% |
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 28 October 2026 via checked.be.