CoPréFo: 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.
CoPréFo
Largest movements
- Financial fixed assets +€263,027
up €263,027 (+292%), from €90,000 to €353,027
- Receivables within one year +€51,860
up €51,860 (+1,576%), from €3,290 to €55,150
of which Trade receivables: +€52,640
- Cash +€10,662
up €10,662 (+751%), from €1,421 to €12,082
mainly Debts after one year (+€202,481) and Net result for the year (+€81,232)
- Debts after one year +€202,481
new in 2025: €202,481
- Reserves +€100,000
up €100,000 (+5,376%), from €1,860 to €101,860
of which Distributable reserves: +€100,000
- Tax, wage and social debts +€32,744
up €32,744 (+138%), from €23,654 to €56,398
of which Taxes: +€30,565
- Current portion of long-term debt +€32,014
new in 2025: €32,014
- Other debts -€23,090
down €23,090 (-97.9%), from €23,575 to €485
- Gross operating margin +€65,102
up €65,102 (+121%), from €53,950 to €119,051
- Taxes +€7,732
up €7,732 (+41.0%), from €18,843 to €26,576
- Financial charges +€5,440
up €5,440 (+171%), from €3,178 to €8,618
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 | €100,641 | €424,926 | +€324,285 | +322% |
| Fixed assets | 21/28 | €95,930 | €357,694 | +€261,764 | +273% |
| Tangible fixed assets | 22/27 | €5,930 | €4,667 | -€1,263 | -21.3% |
| Furniture and vehicles | 24 | €5,930 | €4,667 | -€1,263 | -21.3% |
| Financial fixed assets | 28 | €90,000 | €353,027 | +€263,027 | +292% |
| Current assets | 29/58 | €4,711 | €67,232 | +€62,522 | +1,327% |
| Amounts receivable within one year | 40/41 | €3,290 | €55,150 | +€51,860 | +1,576% |
| Trade receivables | 40 | €2,510 | €55,150 | +€52,640 | +2,097% |
| Other amounts receivable | 41 | €780 | €0 | -€780 | -100% |
| Cash at bank and in hand | 54/58 | €1,421 | €12,082 | +€10,662 | +751% |
| Total equity and liabilities | 10/49 | €100,641 | €424,926 | +€324,285 | +322% |
| Equity | 10/15 | €46,293 | €127,525 | +€81,232 | +175% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €101,860 | +€100,000 | +5,376% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €25,833 | €7,065 | -€18,768 | -72.7% |
| Amounts payable | 17/49 | €54,348 | €297,402 | +€243,054 | +447% |
| Amounts payable after more than one year | 17 | - | €202,481 | +€202,481 | |
| Financial debts | 170/4 | - | €202,481 | +€202,481 | |
| Amounts payable within one year | 42/48 | €54,348 | €94,921 | +€40,573 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | - | €32,014 | +€32,014 | |
| Financial debts | 43 | €3,062 | €3,169 | +€107 | +3.5% |
| Credit institutions | 430/8 | €3,062 | €3,169 | +€107 | +3.5% |
| Trade debts | 44 | €4,057 | €2,855 | -€1,201 | -29.6% |
| Suppliers | 440/4 | €4,057 | €2,855 | -€1,201 | -29.6% |
| Taxes, remuneration and social security | 45 | €23,654 | €56,398 | +€32,744 | +138% |
| Taxes | 450/3 | €23,654 | €54,219 | +€30,565 | +129% |
| Remuneration and social security | 454/9 | - | €2,179 | +€2,179 | |
| Other amounts payable | 47/48 | €23,575 | €485 | -€23,090 | -97.9% |
| Remuneration, social security and pensions | 62 | -€67 | €0 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €1,263 | +€879 | +229% |
| Other operating charges | 640/8 | €2,285 | €1,363 | -€922 | -40.3% |
| Gross operating margin | 9900 | €53,950 | €119,051 | +€65,102 | +121% |
| Operating profit (loss) | 9901 | €51,348 | €116,426 | +€65,078 | +127% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.6% |
| Financial charges | 65/66B | €3,178 | €8,618 | +€5,440 | +171% |
| Recurring financial charges | 65 | €3,178 | €8,618 | +€5,440 | +171% |
| Profit (loss) for the period before taxes | 9903 | €48,175 | €107,807 | +€59,632 | +124% |
| Income taxes | 67/77 | €18,843 | €26,576 | +€7,732 | +41.0% |
| Profit (loss) for the period | 9904 | €29,332 | €81,232 | +€51,900 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €29,332 | €81,232 | +€51,900 | +177% |
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 13 October 2026 via checked.be.