COPARFIM: what changed
Two fiscal 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
COPARFIM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€26,811
2024 · -€104,488+€77,677
Equity
€4.0m
2024 · €4.0m-€26,812
Cash
€208,218
2024 · €133,268+€74,950
Balance sheet total
€6.2m
2024 · €6.2m-€35,455
Largest movements
Assets
- Tangible fixed assets -€107,094
down €107,094 (-2.3%), from €4.6m to €4.5m
of which Land and buildings: -€131,773
- Cash +€74,950
up €74,950 (+56.2%), from €133,268 to €208,218
mainly Depreciation (+€136,970) and Other debts (+€3,276)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€159,634
up €159,634 (+128.0%), from €124,717 to €284,351
- Purchases and services -€102,130
no longer reported in 2025 (was €102,130)
- Depreciation +€41,438
up €41,438 (+43.4%), from €95,532 to €136,970
- Other operating charges +€23,854
up €23,854 (+380.5%), from €6,269 to €30,123
- Financial charges +€9,713
up €9,713 (+7.0%), from €139,078 to €148,791
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
-€104,488
Gross operating margin
+€159,634
Depreciation
-€41,438
Provisions
-€3,250
Other operating charges
-€23,854
Other operating items
-€290
Financial income
-€3,943
Financial charges
-€9,713
Taxes
+€529
Result 2025
-€26,811
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
+€102,857
Investment
-€27,907
Financing
-€1
Cash 2024
€133,268
From operations (derived)
+€102,857
Net result for the year
-€26,811
Depreciation
+€136,970
Receivables within one year
-€397
Deferred charges and accrued income
+€1,740
Provisions
-€5,002
Trade debts
-€2,099
Other debts
+€3,276
Accrued charges and deferred income
-€4,818
Investment (derived)
-€27,907
Investment in fixed assets (net)
-€29,673
Current investments
+€1,766
Financing
-€1
Contributions, distributions and other
-€1
Cash 2025
€208,218
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,242,370 | €6,206,915 | -€35,455 | -0.6% |
| Formation expenses | 20 | €975 | €773 | -€202 | -20.7% |
| Fixed assets | 21/28 | €6,100,153 | €5,993,059 | -€107,094 | -1.8% |
| Tangible fixed assets | 22/27 | €4,648,153 | €4,541,059 | -€107,094 | -2.3% |
| Land and buildings | 22 | €4,637,348 | €4,505,575 | -€131,773 | -2.8% |
| Plant, machinery and equipment | 23 | - | €28,181 | +€28,181 | |
| Furniture and vehicles | 24 | €10,805 | €7,302 | -€3,503 | -32.4% |
| Financial fixed assets | 28 | €1,452,000 | €1,452,000 | = | 0.0% |
| Current assets | 29/58 | €141,242 | €213,083 | +€71,841 | +50.9% |
| Amounts receivable within one year | 40/41 | €1,316 | €1,713 | +€397 | +30.2% |
| Trade receivables | 40 | €1,310 | €1,482 | +€172 | +13.2% |
| Other amounts receivable | 41 | €6 | €231 | +€225 | +3750.2% |
| Current investments | 50/53 | €1,766 | - | -€1,766 | |
| Cash at bank and in hand | 54/58 | €133,268 | €208,218 | +€74,950 | +56.2% |
| Deferred charges and accrued income | 490/1 | €4,892 | €3,152 | -€1,740 | -35.6% |
| Total equity and liabilities | 10/49 | €6,242,370 | €6,206,915 | -€35,455 | -0.6% |
| Equity | 10/15 | €4,000,873 | €3,974,061 | -€26,812 | -0.7% |
| Contributions | 10/11 | €1,105,746 | €1,105,746 | +€0 | 0.0% |
| Capital | 10 | €139,795 | €139,795 | +€0 | 0.0% |
| Issued capital | 100 | €139,795 | €139,795 | +€0 | 0.0% |
| Outside capital | 11 | €965,951 | €965,951 | -€0 | 0.0% |
| Share premium | 1100/10 | €965,951 | €965,951 | -€0 | 0.0% |
| Reserves | 13 | €510,790 | €495,782 | -€15,008 | -2.9% |
| Non-distributable reserves | 130/1 | €10,575 | €10,575 | -€0 | 0.0% |
| Legal reserve | 130 | €10,575 | €10,575 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €480,215 | €465,208 | -€15,007 | -3.1% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,384,337 | €2,372,532 | -€11,805 | -0.5% |
| Provisions and deferred taxes | 16 | €160,071 | €155,069 | -€5,002 | -3.1% |
| Deferred taxes | 168 | €160,071 | €155,069 | -€5,002 | -3.1% |
| Amounts payable | 17/49 | €2,081,426 | €2,077,785 | -€3,641 | -0.2% |
| Amounts payable after more than one year | 17 | €18,480 | €18,480 | = | 0.0% |
| Other amounts payable | 178/9 | €18,480 | €18,480 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,058,128 | €2,059,305 | +€1,177 | +0.1% |
| Trade debts | 44 | €3,428 | €1,329 | -€2,099 | -61.2% |
| Suppliers | 440/4 | €3,428 | €1,329 | -€2,099 | -61.2% |
| Other amounts payable | 47/48 | €2,054,700 | €2,057,976 | +€3,276 | +0.2% |
| Accrued charges and deferred income | 492/3 | €4,818 | - | -€4,818 | |
| Goods, raw materials, services and sundry goods | 60/61 | €102,130 | - | -€102,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,532 | €136,970 | +€41,438 | +43.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,250 | - | +€3,250 | |
| Other operating charges | 640/8 | €6,269 | €30,123 | +€23,854 | +380.5% |
| Non-recurring operating charges | 66A | - | €290 | +€290 | |
| Gross operating margin | 9900 | €124,717 | €284,351 | +€159,634 | +128.0% |
| Operating profit (loss) | 9901 | €26,166 | €116,969 | +€90,803 | +347.0% |
| Financial income | 75/76B | €3,954 | €11 | -€3,943 | -99.7% |
| Recurring financial income | 75 | €3,954 | €11 | -€3,943 | -99.7% |
| Financial charges | 65/66B | €139,078 | €148,791 | +€9,713 | +7.0% |
| Recurring financial charges | 65 | €139,078 | €148,791 | +€9,713 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€108,958 | -€31,810 | +€77,148 | +70.8% |
| Transfer from deferred taxes | 780 | €5,002 | €5,002 | +€0 | 0.0% |
| Income taxes | 67/77 | €532 | €3 | -€529 | -99.4% |
| Profit (loss) for the period | 9904 | -€104,488 | -€26,811 | +€77,677 | +74.3% |
| Transfer from tax-exempt reserves | 789 | €15,005 | €15,007 | +€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,483 | -€11,805 | +€77,678 | +86.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.