COPILCO: 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.
COPILCO
Largest movements
- Current investments -€25,054
down €25,054 (-27.2%), from €92,108 to €67,054
- Tangible fixed assets -€3,614
down €3,614 (-18.5%), from €19,489 to €15,875
of which Other tangible fixed assets: -€2,523
- Deferred charges and accrued income +€3,508
up €3,508 (+914.1%), from €384 to €3,892
- Cash -€2,557
down €2,557 (-27.0%), from €9,467 to €6,910
mainly Net result for the year (-€25,718) and Deferred charges and accrued income (-€3,508)
- Reserves -€25,718
down €25,718 (-24.0%), from €107,023 to €81,305
- Gross operating margin -€61,342
down €61,342, from €39,206 to -€22,135
- Financial income -€10,728
down €10,728 (-90.9%), from €11,797 to €1,069
- Taxes -€9,597
down €9,597 (-97.2%), from €9,877 to €280
- Depreciation -€816
down €816 (-18.4%), from €4,430 to €3,614
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 | €129,477 | €102,440 | -€27,036 | -20.9% |
| Fixed assets | 21/28 | €19,489 | €15,875 | -€3,614 | -18.5% |
| Tangible fixed assets | 22/27 | €19,489 | €15,875 | -€3,614 | -18.5% |
| Furniture and vehicles | 24 | €1,477 | €387 | -€1,090 | -73.8% |
| Other tangible fixed assets | 26 | €18,011 | €15,488 | -€2,523 | -14.0% |
| Current assets | 29/58 | €109,988 | €86,565 | -€23,423 | -21.3% |
| Amounts receivable within one year | 40/41 | €8,030 | €8,710 | +€680 | +8.5% |
| Trade receivables | 40 | €0 | €92 | +€92 | |
| Other amounts receivable | 41 | €8,030 | €8,618 | +€589 | +7.3% |
| Current investments | 50/53 | €92,108 | €67,054 | -€25,054 | -27.2% |
| Cash at bank and in hand | 54/58 | €9,467 | €6,910 | -€2,557 | -27.0% |
| Deferred charges and accrued income | 490/1 | €384 | €3,892 | +€3,508 | +914.1% |
| Total equity and liabilities | 10/49 | €129,477 | €102,440 | -€27,036 | -20.9% |
| Equity | 10/15 | €125,623 | €99,905 | -€25,718 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,023 | €81,305 | -€25,718 | -24.0% |
| Distributable reserves | 133 | €107,023 | €81,305 | -€25,718 | -24.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,854 | €2,535 | -€1,319 | -34.2% |
| Amounts payable within one year | 42/48 | €3,854 | €2,535 | -€1,319 | -34.2% |
| Financial debts | 43 | €57 | €0 | -€57 | -100.0% |
| Credit institutions | 430/8 | €57 | €0 | -€57 | -100.0% |
| Trade debts | 44 | €1,407 | €1,043 | -€364 | -25.9% |
| Suppliers | 440/4 | €1,407 | €1,043 | -€364 | -25.9% |
| Taxes, remuneration and social security | 45 | €2,391 | €1,112 | -€1,279 | -53.5% |
| Taxes | 450/3 | €2,391 | €1,112 | -€1,279 | -53.5% |
| Other amounts payable | 47/48 | €0 | €380 | +€380 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,430 | €3,614 | -€816 | -18.4% |
| Other operating charges | 640/8 | €528 | €694 | +€166 | +31.4% |
| Gross operating margin | 9900 | €39,206 | -€22,135 | -€61,342 | |
| Operating profit (loss) | 9901 | €34,249 | -€26,443 | -€60,691 | |
| Financial income | 75/76B | €11,797 | €1,069 | -€10,728 | -90.9% |
| Recurring financial income | 75 | €11,797 | €1,069 | -€10,728 | -90.9% |
| Financial charges | 65/66B | €51 | €63 | +€12 | +24.2% |
| Recurring financial charges | 65 | €51 | €63 | +€12 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €45,995 | -€25,437 | -€71,432 | |
| Income taxes | 67/77 | €9,877 | €280 | -€9,597 | -97.2% |
| Profit (loss) for the period | 9904 | €36,118 | -€25,718 | -€61,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,118 | -€25,718 | -€61,835 |
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 7 October 2026 via checked.be.