COPPERS: 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.
COPPERS
Largest movements
- Current investments +€822,238
up €822,238 (+48.6%), from €1.7m to €2.5m
- Receivables within one year -€266,254
down €266,254 (-54.1%), from €492,599 to €226,345
of which Other amounts receivable: -€148,953
- Cash -€229,049
down €229,049 (-20.1%), from €1.1m to €908,563
mainly Current investments (-€822,238) and Trade debts (-€238,814)
- Tangible fixed assets -€75,457
down €75,457 (-15.7%), from €480,590 to €405,133
of which Land and buildings: -€39,121
- Reserves +€570,692
up €570,692 (+19.3%), from €3.0m to €3.5m
- Trade debts -€238,814
down €238,814 (-40.6%), from €588,174 to €349,361
- Depreciation +€28,164
up €28,164 (+59.5%), from €47,294 to €75,457
- Gross operating margin +€23,994
up €23,994 (+2.3%), from €1.1m to €1.1m
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 | €3,804,513 | €4,060,385 | +€255,873 | +6.7% |
| Fixed assets | 21/28 | €480,590 | €405,133 | -€75,457 | -15.7% |
| Tangible fixed assets | 22/27 | €480,590 | €405,133 | -€75,457 | -15.7% |
| Land and buildings | 22 | €324,635 | €285,514 | -€39,121 | -12.1% |
| Plant, machinery and equipment | 23 | €7,021 | €5,136 | -€1,885 | -26.9% |
| Furniture and vehicles | 24 | €148,934 | €114,482 | -€34,451 | -23.1% |
| Current assets | 29/58 | €3,323,923 | €3,655,253 | +€331,330 | +10.0% |
| Amounts receivable within one year | 40/41 | €492,599 | €226,345 | -€266,254 | -54.1% |
| Trade receivables | 40 | €244,094 | €126,793 | -€117,301 | -48.1% |
| Other amounts receivable | 41 | €248,505 | €99,552 | -€148,953 | -59.9% |
| Current investments | 50/53 | €1,691,380 | €2,513,618 | +€822,238 | +48.6% |
| Cash at bank and in hand | 54/58 | €1,137,612 | €908,563 | -€229,049 | -20.1% |
| Deferred charges and accrued income | 490/1 | €2,332 | €6,727 | +€4,395 | +188.5% |
| Total equity and liabilities | 10/49 | €3,804,513 | €4,060,385 | +€255,873 | +6.7% |
| Equity | 10/15 | €2,976,996 | €3,547,688 | +€570,692 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,958,396 | €3,529,088 | +€570,692 | +19.3% |
| Distributable reserves | 133 | €2,958,396 | €3,529,088 | +€570,692 | +19.3% |
| Amounts payable | 17/49 | €827,517 | €512,697 | -€314,820 | -38.0% |
| Amounts payable after more than one year | 17 | €23,334 | - | -€23,334 | |
| Financial debts | 170/4 | €23,334 | - | -€23,334 | |
| Amounts payable within one year | 42/48 | €804,183 | €512,697 | -€291,486 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €42,991 | €23,334 | -€19,657 | -45.7% |
| Trade debts | 44 | €588,174 | €349,361 | -€238,814 | -40.6% |
| Suppliers | 440/4 | €588,174 | €349,361 | -€238,814 | -40.6% |
| Advances received on contracts in progress | 46 | €1,135 | €1,135 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €153,376 | €117,857 | -€35,520 | -23.2% |
| Taxes | 450/3 | €145,045 | €114,221 | -€30,824 | -21.3% |
| Remuneration and social security | 454/9 | €8,332 | €3,636 | -€4,696 | -56.4% |
| Other amounts payable | 47/48 | €18,506 | €21,011 | +€2,505 | +13.5% |
| Remuneration, social security and pensions | 62 | €76,803 | €70,568 | -€6,236 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,294 | €75,457 | +€28,164 | +59.5% |
| Other operating charges | 640/8 | €9,125 | €10,525 | +€1,400 | +15.3% |
| Non-recurring operating charges | 66A | €8,689 | - | -€8,689 | |
| Gross operating margin | 9900 | €1,064,413 | €1,088,407 | +€23,994 | +2.3% |
| Operating profit (loss) | 9901 | €922,502 | €931,858 | +€9,356 | +1.0% |
| Financial income | 75/76B | €52,356 | €60,729 | +€8,373 | +16.0% |
| Recurring financial income | 75 | €52,356 | €60,729 | +€8,373 | +16.0% |
| Financial charges | 65/66B | €8,641 | €16,325 | +€7,684 | +88.9% |
| Recurring financial charges | 65 | €8,641 | €16,325 | +€7,684 | +88.9% |
| Profit (loss) for the period before taxes | 9903 | €966,217 | €976,262 | +€10,045 | +1.0% |
| Income taxes | 67/77 | €300,434 | €305,569 | +€5,135 | +1.7% |
| Profit (loss) for the period | 9904 | €665,783 | €670,692 | +€4,910 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €665,783 | €670,692 | +€4,910 | +0.7% |
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 1 October 2026 via checked.be.