COPRAM: 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.
COPRAM
Largest movements
- Stocks and contracts +€10,964
up €10,964 (+9.0%), from €121,869 to €132,833
- Current investments +€9,027
up €9,027 (+5229.8%), from €173 to €9,200
- Cash +€7,681
up €7,681 (+39.8%), from €19,292 to €26,974
mainly Depreciation (+€49,363) and Net result for the year (+€40,855)
- Tangible fixed assets +€6,845
up €6,845 (+2.2%), from €311,880 to €318,725
of which Furniture and vehicles: +€41,804
- Profit (loss) carried forward +€40,855
up €40,855 (+20.5%), from -€199,020 to -€158,165
- Trade debts -€14,717
down €14,717 (-10.0%), from €146,841 to €132,125
- Current portion of long-term debt -€9,192
down €9,192 (-22.8%), from €40,335 to €31,143
- Tax, wage and social debts +€6,820
up €6,820 (+27.0%), from €25,277 to €32,097
of which Taxes: +€9,115
- Debts after one year +€6,211
up €6,211 (+4.6%), from €133,579 to €139,790
of which Financial debts: +€6,211
- Other operating charges -€20,094
down €20,094 (-61.9%), from €32,445 to €12,351
- Taxes +€10,819
up €10,819, from -€3 to €10,815
- Gross operating margin -€3,011
down €3,011 (-1.3%), from €231,955 to €228,943
- Depreciation -€2,722
down €2,722 (-5.2%), from €52,085 to €49,363
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €473,740 | €504,357 | +€30,618 | +6.5% |
| Fixed assets | 21/28 | €311,880 | €318,725 | +€6,845 | +2.2% |
| Tangible fixed assets | 22/27 | €311,880 | €318,725 | +€6,845 | +2.2% |
| Land and buildings | 22 | €223,172 | €198,483 | -€24,689 | -11.1% |
| Plant, machinery and equipment | 23 | €68,691 | €62,521 | -€6,171 | -9.0% |
| Furniture and vehicles | 24 | - | €41,804 | +€41,804 | |
| Leasing and similar rights | 25 | €20,017 | €15,917 | -€4,100 | -20.5% |
| Current assets | 29/58 | €161,860 | €185,632 | +€23,773 | +14.7% |
| Stocks and contracts in progress | 3 | €121,869 | €132,833 | +€10,964 | +9.0% |
| Stocks | 30/36 | €121,869 | €132,833 | +€10,964 | +9.0% |
| Amounts receivable within one year | 40/41 | €10,968 | €8,298 | -€2,670 | -24.3% |
| Trade receivables | 40 | €10,968 | €8,180 | -€2,787 | -25.4% |
| Other amounts receivable | 41 | - | €117 | +€117 | |
| Current investments | 50/53 | €173 | €9,200 | +€9,027 | +5229.8% |
| Cash at bank and in hand | 54/58 | €19,292 | €26,974 | +€7,681 | +39.8% |
| Deferred charges and accrued income | 490/1 | €9,558 | €8,328 | -€1,229 | -12.9% |
| Total equity and liabilities | 10/49 | €473,740 | €504,357 | +€30,618 | +6.5% |
| Equity | 10/15 | €120,580 | €161,435 | +€40,855 | +33.9% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Revaluation surpluses | 12 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,020 | -€158,165 | +€40,855 | +20.5% |
| Amounts payable | 17/49 | €353,160 | €342,923 | -€10,237 | -2.9% |
| Amounts payable after more than one year | 17 | €133,579 | €139,790 | +€6,211 | +4.6% |
| Financial debts | 170/4 | €108,579 | €114,790 | +€6,211 | +5.7% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €218,715 | €202,268 | -€16,448 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €40,335 | €31,143 | -€9,192 | -22.8% |
| Trade debts | 44 | €146,841 | €132,125 | -€14,717 | -10.0% |
| Suppliers | 440/4 | €146,841 | €132,125 | -€14,717 | -10.0% |
| Taxes, remuneration and social security | 45 | €25,277 | €32,097 | +€6,820 | +27.0% |
| Taxes | 450/3 | €2,372 | €11,487 | +€9,115 | +384.2% |
| Remuneration and social security | 454/9 | €22,904 | €20,610 | -€2,294 | -10.0% |
| Other amounts payable | 47/48 | €6,263 | €6,903 | +€640 | +10.2% |
| Accrued charges and deferred income | 492/3 | €865 | €865 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €104,218 | €104,957 | +€738 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,085 | €49,363 | -€2,722 | -5.2% |
| Other operating charges | 640/8 | €32,445 | €12,351 | -€20,094 | -61.9% |
| Gross operating margin | 9900 | €231,955 | €228,943 | -€3,011 | -1.3% |
| Operating profit (loss) | 9901 | €43,207 | €62,273 | +€19,066 | +44.1% |
| Financial income | 75/76B | €8 | €40 | +€32 | +388.6% |
| Recurring financial income | 75 | €8 | €40 | +€32 | +388.6% |
| Financial charges | 65/66B | €12,908 | €10,643 | -€2,265 | -17.6% |
| Recurring financial charges | 65 | €12,908 | €10,643 | -€2,265 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €30,307 | €51,670 | +€21,363 | +70.5% |
| Income taxes | 67/77 | -€3 | €10,815 | +€10,819 | |
| Profit (loss) for the period | 9904 | €30,310 | €40,855 | +€10,545 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,310 | €40,855 | +€10,545 | +34.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.