COPPER FINANCE: 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.
COPPER FINANCE
Largest movements
- Current investments +€160,000
new in 2025: €160,000
- Cash -€140,186
down €140,186 (-50.5%), from €277,649 to €137,464
mainly Current investments (-€160,000) and Advances received (-€69,120)
- Advances received -€69,120
down €69,120 (-100%), from €69,120 to €0
- Reserves +€40,214
up €40,214 (+37.9%), from €106,145 to €146,359
of which Distributable reserves: +€40,214
- Trade debts +€40,164
up €40,164 (+91.1%), from €44,094 to €84,257
- Short-term financial debts +€4,840
new in 2025: €4,840
- Accrued charges and deferred income +€4,366
new in 2025: €4,366
- Gross operating margin +€932
up €932 (+1.3%), from €72,586 to €73,518
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.
Derived cash bridge
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 | €286,396 | €303,699 | +€17,304 | +6.0% |
| Fixed assets | 21/28 | €4,932 | €4,339 | -€593 | -12.0% |
| Tangible fixed assets | 22/27 | €4,932 | €4,339 | -€593 | -12.0% |
| Land and buildings | 22 | €4,932 | €4,339 | -€593 | -12.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €281,464 | €299,360 | +€17,896 | +6.4% |
| Amounts receivable within one year | 40/41 | €3,239 | €1,694 | -€1,544 | -47.7% |
| Other amounts receivable | 41 | €3,239 | €1,694 | -€1,544 | -47.7% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €277,649 | €137,464 | -€140,186 | -50.5% |
| Deferred charges and accrued income | 490/1 | €576 | €202 | -€374 | -64.9% |
| Total equity and liabilities | 10/49 | €286,396 | €303,699 | +€17,304 | +6.0% |
| Equity | 10/15 | €167,645 | €207,859 | +€40,214 | +24.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €106,145 | €146,359 | +€40,214 | +37.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €99,995 | €140,209 | +€40,214 | +40.2% |
| Amounts payable | 17/49 | €118,751 | €95,840 | -€22,910 | -19.3% |
| Amounts payable within one year | 42/48 | €118,751 | €91,474 | -€27,277 | -23.0% |
| Financial debts | 43 | - | €4,840 | +€4,840 | |
| Credit institutions | 430/8 | - | €4,840 | +€4,840 | |
| Trade debts | 44 | €44,094 | €84,257 | +€40,164 | +91.1% |
| Suppliers | 440/4 | €44,094 | €84,257 | +€40,164 | +91.1% |
| Advances received on contracts in progress | 46 | €69,120 | €0 | -€69,120 | -100% |
| Taxes, remuneration and social security | 45 | €4,868 | €1,708 | -€3,160 | -64.9% |
| Taxes | 450/3 | €3,219 | €0 | -€3,219 | -100% |
| Remuneration and social security | 454/9 | €1,649 | €1,708 | +€59 | +3.6% |
| Other amounts payable | 47/48 | €669 | €669 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,366 | +€4,366 | |
| Remuneration, social security and pensions | 62 | €13,491 | €13,865 | +€374 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €593 | -€364 | -38.0% |
| Other operating charges | 640/8 | €6,259 | €6,028 | -€230 | -3.7% |
| Gross operating margin | 9900 | €72,586 | €73,518 | +€932 | +1.3% |
| Operating profit (loss) | 9901 | €51,880 | €53,032 | +€1,152 | +2.2% |
| Financial income | 75/76B | €357 | €808 | +€452 | +127% |
| Recurring financial income | 75 | €357 | €808 | +€452 | +127% |
| Financial charges | 65/66B | €276 | €78 | -€198 | -71.7% |
| Recurring financial charges | 65 | €276 | €78 | -€198 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €51,961 | €53,762 | +€1,801 | +3.5% |
| Income taxes | 67/77 | €13,326 | €13,548 | +€222 | +1.7% |
| Profit (loss) for the period | 9904 | €38,635 | €40,214 | +€1,579 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,635 | €40,214 | +€1,579 | +4.1% |
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 31 October 2026 via checked.be.