COPEXCO: 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.
COPEXCO
Largest movements
- Current investments +€46,314
up €46,314 (+31.0%), from €149,261 to €195,575
- Receivables within one year +€37,552
up €37,552 (+3345.3%), from €1,123 to €38,675
of which Trade receivables: +€38,675
- Cash -€15,524
down €15,524 (-14.5%), from €107,290 to €91,767
mainly Current investments (-€46,314) and Receivables within one year (-€37,552)
- Reserves +€43,405
up €43,405 (+18.1%), from €240,338 to €283,743
- Tax, wage and social debts +€24,780
up €24,780 (+4574.0%), from €542 to €25,321
- Gross operating margin +€57,239
up €57,239, from -€1,184 to €56,055
- Taxes +€19,995
new in 2025: €19,995
- Financial income +€8,523
up €8,523 (+257.6%), from €3,308 to €11,830
- Financial charges +€2,847
up €2,847 (+324.3%), from €878 to €3,725
- Other operating charges +€609
up €609 (+401.0%), from €152 to €761
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 | €259,480 | €328,536 | +€69,056 | +26.6% |
| Current assets | 29/58 | €259,480 | €328,536 | +€69,056 | +26.6% |
| Amounts receivable within one year | 40/41 | €1,123 | €38,675 | +€37,552 | +3345.3% |
| Trade receivables | 40 | - | €38,675 | +€38,675 | |
| Other amounts receivable | 41 | €1,123 | €0 | -€1,123 | -100.0% |
| Current investments | 50/53 | €149,261 | €195,575 | +€46,314 | +31.0% |
| Cash at bank and in hand | 54/58 | €107,290 | €91,767 | -€15,524 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,806 | €2,519 | +€713 | +39.5% |
| Total equity and liabilities | 10/49 | €259,480 | €328,536 | +€69,056 | +26.6% |
| Equity | 10/15 | €258,938 | €302,343 | +€43,405 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €240,338 | €283,743 | +€43,405 | +18.1% |
| Distributable reserves | 133 | €240,338 | €283,743 | +€43,405 | +18.1% |
| Amounts payable | 17/49 | €542 | €26,193 | +€25,651 | +4734.9% |
| Amounts payable within one year | 42/48 | €542 | €26,193 | +€25,651 | +4734.9% |
| Trade debts | 44 | - | €505 | +€505 | |
| Suppliers | 440/4 | - | €505 | +€505 | |
| Taxes, remuneration and social security | 45 | €542 | €25,321 | +€24,780 | +4574.0% |
| Taxes | 450/3 | €542 | €25,321 | +€24,780 | +4574.0% |
| Other amounts payable | 47/48 | €0 | €367 | +€367 | |
| Other operating charges | 640/8 | €152 | €761 | +€609 | +401.0% |
| Gross operating margin | 9900 | -€1,184 | €56,055 | +€57,239 | |
| Operating profit (loss) | 9901 | -€1,336 | €55,294 | +€56,630 | |
| Financial income | 75/76B | €3,308 | €11,830 | +€8,523 | +257.6% |
| Recurring financial income | 75 | €3,308 | €11,830 | +€8,523 | +257.6% |
| Financial charges | 65/66B | €878 | €3,725 | +€2,847 | +324.3% |
| Recurring financial charges | 65 | €878 | €3,725 | +€2,847 | +324.3% |
| Profit (loss) for the period before taxes | 9903 | €1,094 | €63,399 | +€62,305 | +5693.7% |
| Income taxes | 67/77 | - | €19,995 | +€19,995 | |
| Profit (loss) for the period | 9904 | €1,094 | €43,405 | +€42,310 | +3866.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,094 | €43,405 | +€42,310 | +3866.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.