COPEL-IMMO: 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.
COPEL-IMMO
Largest movements
- Current investments +€250,000
up €250,000 (+100.7%), from €248,326 to €498,326
- Cash -€240,684
down €240,684 (-47.1%), from €511,543 to €270,859
mainly Current investments (-€250,000) and Net result for the year (-€73,756)
- Tangible fixed assets -€121,229
down €121,229 (-9.2%), from €1.3m to €1.2m
- Revaluation surpluses -€120,520
down €120,520 (-10.0%), from €1.2m to €1.1m
- Reserves +€118,045
up €118,045 (+9.3%), from €1.3m to €1.4m
of which Distributable reserves: +€120,520
- Profit (loss) carried forward -€71,281
down €71,281 (-12.4%), from -€575,759 to -€647,040
- Other debts -€51,429
down €51,429 (-100.0%), from €51,429 to €0
- Gross operating margin +€36,509
up €36,509 (+43.6%), from €83,770 to €120,279
- Depreciation -€11,352
down €11,352 (-7.9%), from €143,295 to €131,943
- Taxes +€10,048
up €10,048 (+102.9%), from €9,761 to €19,809
- Other operating charges +€4,867
up €4,867 (+10.7%), from €45,370 to €50,237
- Financial income -€2,642
down €2,642 (-26.9%), from €9,837 to €7,196
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 | €2,087,995 | €1,966,030 | -€121,965 | -5.8% |
| Fixed assets | 21/28 | €1,317,478 | €1,196,249 | -€121,229 | -9.2% |
| Tangible fixed assets | 22/27 | €1,317,478 | €1,196,249 | -€121,229 | -9.2% |
| Land and buildings | 22 | €1,317,478 | €1,196,249 | -€121,229 | -9.2% |
| Current assets | 29/58 | €770,517 | €769,781 | -€736 | -0.1% |
| Amounts receivable within one year | 40/41 | €10,648 | €597 | -€10,051 | -94.4% |
| Other amounts receivable | 41 | €10,648 | €597 | -€10,051 | -94.4% |
| Current investments | 50/53 | €248,326 | €498,326 | +€250,000 | +100.7% |
| Cash at bank and in hand | 54/58 | €511,543 | €270,859 | -€240,684 | -47.1% |
| Total equity and liabilities | 10/49 | €2,087,995 | €1,966,030 | -€121,965 | -5.8% |
| Equity | 10/15 | €2,026,236 | €1,952,480 | -€73,756 | -3.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,207,495 | €1,086,974 | -€120,520 | -10.0% |
| Reserves | 13 | €1,274,501 | €1,392,546 | +€118,045 | +9.3% |
| Non-distributable reserves | 130/1 | €12,808 | €12,808 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €808 | €808 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,133 | €19,658 | -€2,475 | -11.2% |
| Distributable reserves | 133 | €1,239,560 | €1,360,080 | +€120,520 | +9.7% |
| Profit (loss) carried forward | 14 | -€575,759 | -€647,040 | -€71,281 | -12.4% |
| Provisions and deferred taxes | 16 | €7,378 | €6,553 | -€825 | -11.2% |
| Deferred taxes | 168 | €7,378 | €6,553 | -€825 | -11.2% |
| Amounts payable | 17/49 | €54,382 | €6,997 | -€47,384 | -87.1% |
| Amounts payable within one year | 42/48 | €54,382 | €6,997 | -€47,384 | -87.1% |
| Trade debts | 44 | €2,953 | €6,997 | +€4,044 | +137.0% |
| Suppliers | 440/4 | €2,953 | €6,997 | +€4,044 | +137.0% |
| Other amounts payable | 47/48 | €51,429 | €0 | -€51,429 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,295 | €131,943 | -€11,352 | -7.9% |
| Other operating charges | 640/8 | €45,370 | €50,237 | +€4,867 | +10.7% |
| Gross operating margin | 9900 | €83,770 | €120,279 | +€36,509 | +43.6% |
| Operating profit (loss) | 9901 | -€104,895 | -€61,901 | +€42,994 | +41.0% |
| Financial income | 75/76B | €9,837 | €7,196 | -€2,642 | -26.9% |
| Recurring financial income | 75 | €9,837 | €7,196 | -€2,642 | -26.9% |
| Financial charges | 65/66B | €59 | €66 | +€7 | +12.6% |
| Recurring financial charges | 65 | €59 | €66 | +€7 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€95,116 | -€54,771 | +€40,345 | +42.4% |
| Transfer from deferred taxes | 780 | €825 | €825 | = | 0.0% |
| Income taxes | 67/77 | €9,761 | €19,809 | +€10,048 | +102.9% |
| Profit (loss) for the period | 9904 | -€104,052 | -€73,756 | +€30,296 | +29.1% |
| Transfer from tax-exempt reserves | 789 | €2,475 | €2,475 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,577 | -€71,281 | +€30,296 | +29.8% |
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 6 October 2026 via checked.be.