COOPELEC: 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.
What changed
COOPELEC
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€99,545
2024 · €105,881-€6,337
Equity
€1.2m
2024 · €1.2m+€75,224
Cash
€49.3m
2024 · €101.6m-€52.3m
Balance sheet total
€57.9m
2024 · €107.8m-€49.9m
Largest movements
Assets
- Cash -€52.3m
down €52.3m (-51.5%), from €101.6m to €49.3m
mainly Other debts (-€51.3m) and Receivables within one year (-€2.0m)
- Receivables within one year +€2.0m
up €2.0m (+75.5%), from €2.7m to €4.7m
of which Trade receivables: +€2.0m
Equity and liabilities
- Other debts -€51.3m
down €51.3m (-50.0%), from €102.6m to €51.3m
- Tax, wage and social debts +€1.6m
up €1.6m (+53.0%), from €3.1m to €4.7m
of which Taxes: +€1.6m
Income statement
- Turnover +€274,913
up €274,913 (+10.0%), from €2.7m to €3.0m
- Depreciation +€220,001
up €220,001 (+36.3%), from €606,862 to €826,863
- Services and other goods +€81,602
up €81,602 (+7.4%), from €1.1m to €1.2m
- Staff costs -€44,231
down €44,231 (-4.9%), from €902,032 to €857,802
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.
Result 2024
€105,881
Turnover
+€274,913
Other operating income
+€3,078
Services and other goods
-€81,602
Staff costs
+€44,231
Depreciation
-€220,001
Other operating charges
-€2,444
Financial income
-€24,609
Financial charges
-€4,230
Taxes
+€4,327
Result 2025
€99,545
Cash bridge derived
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.
From operations
-€50.9m
Investment
-€1.4m
Financing
-€24,320
Cash 2024
€101.6m
From operations (derived)
-€50.9m
Net result for the year
+€99,545
Depreciation
+€826,863
Smaller working-capital items
-€2,847
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€134,514
Trade debts
-€248,919
Tax, wage and social debts
+€1.6m
Other debts
-€51.3m
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
-€24,320
Contributions, distributions and other
-€24,320
Cash 2025
€49.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,782,187 | €57,909,611 | -€49.9m | -46.3% |
| Fixed assets | 21/28 | €2,901,280 | €3,437,108 | +€535,829 | +18.5% |
| Intangible fixed assets | 21 | €2,422,664 | €2,969,308 | +€546,644 | +22.6% |
| Tangible fixed assets | 22/27 | €59,933 | €50,388 | -€9,545 | -15.9% |
| Furniture and vehicles | 24 | €48,550 | €41,566 | -€6,983 | -14.4% |
| Other tangible fixed assets | 26 | €11,383 | €8,821 | -€2,562 | -22.5% |
| Financial fixed assets | 28 | €418,683 | €417,413 | -€1,270 | -0.3% |
| Affiliated companies | 280/1 | €399,900 | €399,900 | = | 0.0% |
| Participating interests | 280 | €399,900 | €399,900 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,783 | €17,513 | -€1,270 | -6.8% |
| Amounts receivable and cash guarantees | 285/8 | €18,783 | €17,513 | -€1,270 | -6.8% |
| Current assets | 29/58 | €104,880,907 | €54,472,503 | -€50.4m | -48.1% |
| Amounts receivable after more than one year | 29 | €338,000 | €337,500 | -€500 | -0.1% |
| Other amounts receivable | 291 | €338,000 | €337,500 | -€500 | -0.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,698,305 | €4,734,952 | +€2.0m | +75.5% |
| Trade receivables | 40 | €2,657,746 | €4,676,840 | +€2.0m | +76.0% |
| Other amounts receivable | 41 | €40,559 | €58,112 | +€17,553 | +43.3% |
| Cash at bank and in hand | 54/58 | €101,609,430 | €49,299,393 | -€52.3m | -51.5% |
| Deferred charges and accrued income | 490/1 | €235,172 | €100,658 | -€134,514 | -57.2% |
| Total equity and liabilities | 10/49 | €107,782,187 | €57,909,611 | -€49.9m | -46.3% |
| Equity | 10/15 | €1,173,710 | €1,248,935 | +€75,224 | +6.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Other | 1319 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,008,710 | €1,083,935 | +€75,224 | +7.5% |
| Amounts payable | 17/49 | €106,608,476 | €56,660,676 | -€49.9m | -46.9% |
| Amounts payable within one year | 42/48 | €106,595,087 | €56,650,635 | -€49.9m | -46.9% |
| Trade debts | 44 | €910,785 | €661,865 | -€248,919 | -27.3% |
| Suppliers | 440/4 | €910,785 | €661,865 | -€248,919 | -27.3% |
| Taxes, remuneration and social security | 45 | €3,053,758 | €4,672,114 | +€1.6m | +53.0% |
| Taxes | 450/3 | €2,932,529 | €4,562,003 | +€1.6m | +55.6% |
| Remuneration and social security | 454/9 | €121,229 | €110,111 | -€11,118 | -9.2% |
| Other amounts payable | 47/48 | €102,630,545 | €51,316,656 | -€51.3m | -50.0% |
| Accrued charges and deferred income | 492/3 | €13,389 | €10,042 | -€3,347 | -25.0% |
| Operating income | 70/76A | €2,740,932 | €3,018,924 | +€277,991 | +10.1% |
| Turnover | 70 | €2,740,126 | €3,015,038 | +€274,913 | +10.0% |
| Other operating income | 74 | €807 | €3,885 | +€3,078 | +381.6% |
| Operating charges | 60/66A | €2,606,360 | €2,866,176 | +€259,816 | +10.0% |
| Services and other goods | 61 | €1,096,453 | €1,178,054 | +€81,602 | +7.4% |
| Remuneration, social security and pensions | 62 | €902,032 | €857,802 | -€44,231 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €606,862 | €826,863 | +€220,001 | +36.3% |
| Other operating charges | 640/8 | €1,013 | €3,457 | +€2,444 | +241.4% |
| Operating profit (loss) | 9901 | €134,572 | €152,747 | +€18,175 | +13.5% |
| Financial income | 75/76B | €24,616 | €7 | -€24,609 | -100.0% |
| Recurring financial income | 75 | €24,616 | €7 | -€24,609 | -100.0% |
| Income from current assets | 751 | €23,501 | €0 | -€23,501 | -100.0% |
| Other financial income | 752/9 | €1,115 | €7 | -€1,109 | -99.4% |
| Financial charges | 65/66B | €5,410 | €9,640 | +€4,230 | +78.2% |
| Recurring financial charges | 65 | €5,410 | €9,640 | +€4,230 | +78.2% |
| Debt charges | 650 | €2,129 | €5,947 | +€3,818 | +179.4% |
| Other financial charges | 652/9 | €3,281 | €3,693 | +€412 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €153,778 | €143,115 | -€10,664 | -6.9% |
| Income taxes | 67/77 | €47,897 | €43,570 | -€4,327 | -9.0% |
| Taxes | 670/3 | €48,176 | €43,570 | -€4,606 | -9.6% |
| Tax adjustments and reversals of tax provisions | 77 | €279 | €0 | -€279 | -100.0% |
| Profit (loss) for the period | 9904 | €105,881 | €99,545 | -€6,337 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,881 | €99,545 | -€6,337 | -6.0% |
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 11 October 2026 via checked.be.