COPERTIMMO: 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.
COPERTIMMO
Largest movements
- Tangible fixed assets -€87,368
down €87,368 (-6.3%), from €1.4m to €1.3m
- Intangible fixed assets -€55,991
down €55,991 (-22.2%), from €251,807 to €195,816
- Cash +€20,007
up €20,007 (+51.2%), from €39,054 to €59,061
mainly Depreciation (+€143,359) and Net result for the year (+€87,608)
- Debts after one year -€217,948
down €217,948 (-26.7%), from €817,816 to €599,867
- Reserves +€87,608
up €87,608 (+16.4%), from €535,526 to €623,134
of which Distributable reserves: +€87,608
- Gross operating margin +€32,140
up €32,140 (+11.7%), from €275,732 to €307,872
- Depreciation +€12,730
up €12,730 (+9.7%), from €130,629 to €143,359
- Taxes +€11,853
up €11,853 (+32.7%), from €36,222 to €48,075
- Other operating charges +€4,951
up €4,951 (+39.5%), from €12,535 to €17,486
- Financial charges -€4,443
down €4,443 (-27.9%), from €15,944 to €11,502
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,686,379 | €1,563,674 | -€122,705 | -7.3% |
| Fixed assets | 21/28 | €1,646,704 | €1,503,345 | -€143,359 | -8.7% |
| Intangible fixed assets | 21 | €251,807 | €195,816 | -€55,991 | -22.2% |
| Tangible fixed assets | 22/27 | €1,392,847 | €1,305,480 | -€87,368 | -6.3% |
| Land and buildings | 22 | €1,392,847 | €1,305,480 | -€87,368 | -6.3% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €39,675 | €60,329 | +€20,654 | +52.1% |
| Amounts receivable within one year | 40/41 | €621 | €1,268 | +€647 | +104% |
| Trade receivables | 40 | €601 | €1,101 | +€500 | +83.1% |
| Other amounts receivable | 41 | €20 | €167 | +€147 | +735% |
| Cash at bank and in hand | 54/58 | €39,054 | €59,061 | +€20,007 | +51.2% |
| Total equity and liabilities | 10/49 | €1,686,379 | €1,563,674 | -€122,705 | -7.3% |
| Equity | 10/15 | €541,697 | €629,305 | +€87,608 | +16.2% |
| Contributions | 10/11 | €6,172 | €6,172 | = | 0.0% |
| Reserves | 13 | €535,526 | €623,134 | +€87,608 | +16.4% |
| Non-distributable reserves | 130/1 | €617 | €617 | = | 0.0% |
| Reserves not available under the articles | 1311 | €617 | €617 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,113 | €16,113 | = | 0.0% |
| Distributable reserves | 133 | €518,796 | €606,404 | +€87,608 | +16.9% |
| Amounts payable | 17/49 | €1,144,682 | €934,369 | -€210,313 | -18.4% |
| Amounts payable after more than one year | 17 | €817,816 | €599,867 | -€217,948 | -26.7% |
| Financial debts | 170/4 | €817,816 | €599,867 | -€217,948 | -26.7% |
| Amounts payable within one year | 42/48 | €326,866 | €333,802 | +€6,936 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €215,346 | €217,948 | +€2,603 | +1.2% |
| Trade debts | 44 | €960 | €712 | -€248 | -25.8% |
| Suppliers | 440/4 | €960 | €712 | -€248 | -25.8% |
| Taxes, remuneration and social security | 45 | €3,290 | €7,871 | +€4,581 | +139% |
| Taxes | 450/3 | €3,290 | €7,871 | +€4,581 | +139% |
| Other amounts payable | 47/48 | €107,270 | €107,270 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,629 | €143,359 | +€12,730 | +9.7% |
| Other operating charges | 640/8 | €12,535 | €17,486 | +€4,951 | +39.5% |
| Gross operating margin | 9900 | €275,732 | €307,872 | +€32,140 | +11.7% |
| Operating profit (loss) | 9901 | €132,569 | €147,027 | +€14,459 | +10.9% |
| Financial income | 75/76B | €116 | €157 | +€41 | +35.3% |
| Recurring financial income | 75 | €116 | €157 | +€41 | +35.3% |
| Financial charges | 65/66B | €15,944 | €11,502 | -€4,443 | -27.9% |
| Recurring financial charges | 65 | €15,944 | €11,502 | -€4,443 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €116,740 | €135,683 | +€18,943 | +16.2% |
| Income taxes | 67/77 | €36,222 | €48,075 | +€11,853 | +32.7% |
| Profit (loss) for the period | 9904 | €80,518 | €87,608 | +€7,090 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,518 | €87,608 | +€7,090 | +8.8% |
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 13 October 2026 via checked.be.