COPRABEL: 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.
What changed
COPRABEL
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,019
2024 · -€303,469+€304,488
Equity
€310,451
2024 · €309,432+€1,019
Cash
€95,252
2024 · €57,162+€38,090
Balance sheet total
€3.8m
2024 · €3.5m+€205,795
Largest movements
Assets
- Receivables within one year +€447,763
up €447,763 (+20.0%), from €2.2m to €2.7m
of which Trade receivables: +€421,387
- Stocks and contracts -€241,376
down €241,376 (-25.2%), from €957,189 to €715,813
- Cash +€38,090
up €38,090 (+66.6%), from €57,162 to €95,252
mainly Stocks and contracts (+€241,376) and Short-term financial debts (+€199,596)
Equity and liabilities
- Short-term financial debts +€199,596
up €199,596 (+15.8%), from €1.3m to €1.5m
- Debts after one year -€111,577
down €111,577 (-27.3%), from €408,198 to €296,621
- Trade debts +€106,509
up €106,509 (+7.2%), from €1.5m to €1.6m
Income statement
- Gross operating margin +€195,788
up €195,788 (+63.4%), from €308,814 to €504,602
- Staff costs -€63,891
down €63,891 (-15.6%), from €409,306 to €345,415
- Financial charges -€31,174
down €31,174 (-14.7%), from €211,379 to €180,205
- Financial income +€16,120
up €16,120 (+25.8%), from €62,577 to €78,697
- Depreciation +€6,076
up €6,076 (+12.5%), from €48,661 to €54,737
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.
Result 2024
-€303,469
Gross operating margin
+€195,788
Staff costs
+€63,891
Depreciation
-€6,076
Provisions
-€36
Other operating charges
+€3,842
Other operating items
-€451
Financial income
+€16,120
Financial charges
+€31,174
Taxes
+€237
Result 2025
€1,019
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.
From operations
-€21,555
Investment
-€24,051
Financing
+€83,696
Cash 2024
€57,162
From operations (derived)
-€21,555
Net result for the year
+€1,019
Depreciation
+€54,737
Stocks and contracts
+€241,376
Receivables within one year
-€447,763
Deferred charges and accrued income
+€7,996
Trade debts
+€106,509
Tax, wage and social debts
+€14,152
Accrued charges and deferred income
+€420
Investment (derived)
-€24,051
Investment in fixed assets (net)
-€24,051
Financing
+€83,696
Debts after one year
-€111,577
Current portion of long-term debt
-€4,322
Short-term financial debts
+€199,596
Contributions, distributions and other
-€0
Cash 2025
€95,252
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,548,801 | €3,754,596 | +€205,795 | +5.8% |
| Fixed assets | 21/28 | €268,178 | €237,492 | -€30,686 | -11.4% |
| Intangible fixed assets | 21 | €15,272 | €27,034 | +€11,762 | +77.0% |
| Tangible fixed assets | 22/27 | €160,185 | €132,737 | -€27,448 | -17.1% |
| Plant, machinery and equipment | 23 | €131,226 | €96,615 | -€34,611 | -26.4% |
| Furniture and vehicles | 24 | €26,514 | €34,116 | +€7,602 | +28.7% |
| Other tangible fixed assets | 26 | €2,445 | €2,006 | -€439 | -18.0% |
| Financial fixed assets | 28 | €92,721 | €77,721 | -€15,000 | -16.2% |
| Current assets | 29/58 | €3,280,623 | €3,517,105 | +€236,482 | +7.2% |
| Stocks and contracts in progress | 3 | €957,189 | €715,813 | -€241,376 | -25.2% |
| Stocks | 30/36 | €957,189 | €715,813 | -€241,376 | -25.2% |
| Amounts receivable within one year | 40/41 | €2,244,020 | €2,691,783 | +€447,763 | +20.0% |
| Trade receivables | 40 | €1,868,280 | €2,289,667 | +€421,387 | +22.6% |
| Other amounts receivable | 41 | €375,740 | €402,116 | +€26,376 | +7.0% |
| Cash at bank and in hand | 54/58 | €57,162 | €95,252 | +€38,090 | +66.6% |
| Deferred charges and accrued income | 490/1 | €22,252 | €14,256 | -€7,996 | -35.9% |
| Total equity and liabilities | 10/49 | €3,548,801 | €3,754,596 | +€205,795 | +5.8% |
| Equity | 10/15 | €309,432 | €310,451 | +€1,019 | +0.3% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €249,700 | €249,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,200 | €68,200 | = | 0.0% |
| Distributable reserves | 133 | €144,000 | €144,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€465,268 | -€464,249 | +€1,019 | +0.2% |
| Amounts payable | 17/49 | €3,239,369 | €3,444,145 | +€204,776 | +6.3% |
| Amounts payable after more than one year | 17 | €408,198 | €296,621 | -€111,577 | -27.3% |
| Financial debts | 170/4 | €408,198 | €296,621 | -€111,577 | -27.3% |
| Amounts payable within one year | 42/48 | €2,810,721 | €3,126,655 | +€315,934 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €5,692 | €1,370 | -€4,322 | -75.9% |
| Financial debts | 43 | €1,260,130 | €1,459,726 | +€199,596 | +15.8% |
| Credit institutions | 430/8 | €1,260,130 | €1,459,726 | +€199,596 | +15.8% |
| Trade debts | 44 | €1,476,153 | €1,582,662 | +€106,509 | +7.2% |
| Suppliers | 440/4 | €1,476,153 | €1,582,662 | +€106,509 | +7.2% |
| Taxes, remuneration and social security | 45 | €68,746 | €82,898 | +€14,152 | +20.6% |
| Taxes | 450/3 | €3,743 | €14,649 | +€10,906 | +291.4% |
| Remuneration and social security | 454/9 | €65,003 | €68,249 | +€3,246 | +5.0% |
| Accrued charges and deferred income | 492/3 | €20,450 | €20,870 | +€420 | +2.1% |
| Non-recurring operating income | 76A | €4,918 | €12,027 | +€7,109 | +144.6% |
| Remuneration, social security and pensions | 62 | €409,306 | €345,415 | -€63,891 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,661 | €54,737 | +€6,076 | +12.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €36 | +€36 | |
| Other operating charges | 640/8 | €4,432 | €590 | -€3,842 | -86.7% |
| Non-recurring operating charges | 66A | - | €451 | +€451 | |
| Gross operating margin | 9900 | €308,814 | €504,602 | +€195,788 | +63.4% |
| Operating profit (loss) | 9901 | -€153,585 | €103,372 | +€256,957 | |
| Financial income | 75/76B | €62,577 | €78,697 | +€16,120 | +25.8% |
| Recurring financial income | 75 | €62,577 | €78,697 | +€16,120 | +25.8% |
| Financial charges | 65/66B | €211,379 | €180,205 | -€31,174 | -14.7% |
| Recurring financial charges | 65 | €211,379 | €180,205 | -€31,174 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€302,387 | €1,864 | +€304,251 | |
| Income taxes | 67/77 | €1,082 | €845 | -€237 | -21.9% |
| Profit (loss) for the period | 9904 | -€303,469 | €1,019 | +€304,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€303,469 | €1,019 | +€304,488 |
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.