COPS: what changed
COPS
Largest movements
- Tangible fixed assets +€1,817
up €1,817 (+14.3%), from €12,678 to €14,495
of which Other tangible fixed assets: +€6,813
- Receivables within one year +€523
up €523 (+21.2%), from €2,471 to €2,995
of which Trade receivables: +€2,856
- Cash +€274
up €274 (+72.1%), from €380 to €654
mainly Debts within one year (+€36,523) and Depreciation (+€6,491)
- Debts within one year +€36,523
up €36,523 (+60.8%), from €60,112 to €96,635
of which Other debts: +€91,607
- Equity -€33,908
down €33,908 (-76.7%), from -€44,220 to -€78,128
of which Profit (loss) carried forward: -€33,908
- Gross operating margin -€19,757
down €19,757 (-367%), from -€5,383 to -€25,140
- Other operating charges +€2,040
new in 2021: €2,040
- Depreciation +€1,566
up €1,566 (+31.8%), from €4,925 to €6,491
Change in the result, 2020 to 2021
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 2020 and 2021 balance sheets and the 2021 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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,893 | €18,507 | +€2,615 | +16.5% |
| Fixed assets | 21/28 | €13,041 | €14,858 | +€1,817 | +13.9% |
| Tangible fixed assets | 22/27 | €12,678 | €14,495 | +€1,817 | +14.3% |
| Plant, machinery and equipment | 23 | - | €2,764 | +€2,764 | |
| Furniture and vehicles | 24 | - | €4,918 | +€4,918 | |
| Other tangible fixed assets | 26 | - | €6,813 | +€6,813 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €2,851 | €3,649 | +€798 | +28.0% |
| Amounts receivable within one year | 40/41 | €2,471 | €2,995 | +€523 | +21.2% |
| Trade receivables | 40 | - | €2,856 | +€2,856 | |
| Other amounts receivable | 41 | - | €139 | +€139 | |
| Cash at bank and in hand | 54/58 | €380 | €654 | +€274 | +72.1% |
| Total equity and liabilities | 10/49 | €15,893 | €18,507 | +€2,615 | +16.5% |
| Equity | 10/15 | -€44,220 | -€78,128 | -€33,908 | -76.7% |
| Contributions | 10/11 | - | €11,250 | +€11,250 | |
| Reserves | 13 | €247 | €247 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €247 | +€247 | |
| Reserves not available under the articles | 1311 | - | €247 | +€247 | |
| Profit (loss) carried forward | 14 | -€55,717 | -€89,625 | -€33,908 | -60.9% |
| Amounts payable | 17/49 | €60,112 | €96,635 | +€36,523 | +60.8% |
| Amounts payable within one year | 42/48 | €60,112 | €96,635 | +€36,523 | +60.8% |
| Trade debts | 44 | €595 | €3,747 | +€3,152 | +530% |
| Suppliers | 440/4 | - | €3,747 | +€3,747 | |
| Taxes, remuneration and social security | 45 | - | €1,282 | +€1,282 | |
| Taxes | 450/3 | - | €282 | +€282 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | - | €91,607 | +€91,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,925 | €6,491 | +€1,566 | +31.8% |
| Other operating charges | 640/8 | - | €2,040 | +€2,040 | |
| Gross operating margin | 9900 | -€5,383 | -€25,140 | -€19,757 | -367% |
| Operating profit (loss) | 9901 | -€11,220 | -€33,671 | -€22,451 | -200% |
| Financial charges | 65/66B | - | €120 | +€120 | |
| Recurring financial charges | 65 | €133 | €120 | -€13 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,353 | -€33,791 | -€22,438 | -198% |
| Income taxes | 67/77 | €265 | €117 | -€148 | -55.9% |
| Profit (loss) for the period | 9904 | -€11,618 | -€33,908 | -€22,290 | -192% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,618 | -€33,908 | -€22,290 | -192% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.