COPCO: 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.
COPCO
Largest movements
- Current investments -€5.2m
down €5.2m (-100.0%), from €5.2m to €0
- Receivables within one year +€2.0m
up €2.0m (+6315.9%), from €31,543 to €2.0m
of which Other amounts receivable: +€2.0m
- Other debts -€3.3m
down €3.3m (-86.2%), from €3.8m to €531,877
- Tax, wage and social debts +€232,991
up €232,991 (+3276.6%), from €7,111 to €240,102
- Reserves -€131,100
down €131,100 (-1.9%), from €7.0m to €6.8m
- Financial income +€2.6m
up €2.6m (+91552.3%), from €2,891 to €2.6m
- Taxes +€359,037
up €359,037 (+482.1%), from €74,470 to €433,507
- Gross operating margin -€106,950
down €106,950 (-42.5%), from €251,678 to €144,728
- Other operating charges +€5,415
up €5,415 (+194.1%), from €2,789 to €8,204
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,977,540 | €7,761,419 | -€3.2m | -29.3% |
| Fixed assets | 21/28 | €5,709,625 | €5,686,406 | -€23,219 | -0.4% |
| Tangible fixed assets | 22/27 | €243,876 | €220,657 | -€23,219 | -9.5% |
| Land and buildings | 22 | €164,161 | €159,156 | -€5,005 | -3.0% |
| Plant, machinery and equipment | 23 | €28,488 | €25,972 | -€2,516 | -8.8% |
| Furniture and vehicles | 24 | €51,227 | €35,528 | -€15,699 | -30.6% |
| Financial fixed assets | 28 | €5,465,749 | €5,465,749 | = | 0.0% |
| Current assets | 29/58 | €5,267,915 | €2,075,014 | -€3.2m | -60.6% |
| Amounts receivable within one year | 40/41 | €31,543 | €2,023,782 | +€2.0m | +6315.9% |
| Trade receivables | 40 | €26,543 | €22,661 | -€3,882 | -14.6% |
| Other amounts receivable | 41 | €5,000 | €2,001,121 | +€2.0m | +39922.4% |
| Current investments | 50/53 | €5,225,844 | €0 | -€5.2m | -100.0% |
| Cash at bank and in hand | 54/58 | €10,528 | €50,342 | +€39,815 | +378.2% |
| Deferred charges and accrued income | 490/1 | €0 | €889 | +€889 | |
| Total equity and liabilities | 10/49 | €10,977,540 | €7,761,419 | -€3.2m | -29.3% |
| Equity | 10/15 | €7,120,186 | €6,989,146 | -€131,040 | -1.8% |
| Contributions | 10/11 | €151,100 | €151,100 | = | 0.0% |
| Reserves | 13 | €6,956,000 | €6,824,900 | -€131,100 | -1.9% |
| Distributable reserves | 133 | €6,956,000 | €6,824,900 | -€131,100 | -1.9% |
| Profit (loss) carried forward | 14 | €13,086 | €13,146 | +€60 | +0.5% |
| Amounts payable | 17/49 | €3,857,354 | €772,273 | -€3.1m | -80.0% |
| Amounts payable within one year | 42/48 | €3,856,384 | €772,273 | -€3.1m | -80.0% |
| Trade debts | 44 | €1,681 | €294 | -€1,387 | -82.5% |
| Suppliers | 440/4 | €1,681 | €294 | -€1,387 | -82.5% |
| Taxes, remuneration and social security | 45 | €7,111 | €240,102 | +€232,991 | +3276.6% |
| Taxes | 450/3 | €7,111 | €240,102 | +€232,991 | +3276.6% |
| Other amounts payable | 47/48 | €3,847,593 | €531,877 | -€3.3m | -86.2% |
| Accrued charges and deferred income | 492/3 | €969 | €0 | -€969 | -100.0% |
| Non-recurring operating income | 76A | €178,850 | €0 | -€178,850 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,007 | €23,219 | -€787 | -3.3% |
| Other operating charges | 640/8 | €2,789 | €8,204 | +€5,415 | +194.1% |
| Gross operating margin | 9900 | €251,678 | €144,728 | -€106,950 | -42.5% |
| Operating profit (loss) | 9901 | €224,882 | €113,305 | -€111,577 | -49.6% |
| Financial income | 75/76B | €2,891 | €2,649,953 | +€2.6m | +91552.3% |
| Recurring financial income | 75 | €2,891 | €2,649,953 | +€2.6m | +91552.3% |
| Financial charges | 65/66B | €192 | €792 | +€600 | +312.6% |
| Recurring financial charges | 65 | €192 | €792 | +€600 | +312.6% |
| Profit (loss) for the period before taxes | 9903 | €227,582 | €2,762,467 | +€2.5m | +1113.8% |
| Income taxes | 67/77 | €74,470 | €433,507 | +€359,037 | +482.1% |
| Profit (loss) for the period | 9904 | €153,112 | €2,328,960 | +€2.2m | +1421.1% |
| Profit (loss) for the period to be appropriated | 9905 | €153,112 | €2,328,960 | +€2.2m | +1421.1% |
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 8 October 2026 via checked.be.