COPREM: 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.
What changed
COPREM
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68.0m
2024 · €62.2m+€5.8m
Equity
€208.8m
2024 · €188.9m+€20.0m
Cash
€957,321
2024 · €5.5m-€4.5m
Balance sheet total
€256.9m
2024 · €232.4m+€24.5m
Largest movements
Assets
- Current investments +€23.1m
up €23.1m (+34.7%), from €66.6m to €89.7m
- Financial fixed assets +€5.9m
up €5.9m (+3.7%), from €160.1m to €166.1m
- Cash -€4.5m
down €4.5m (-82.6%), from €5.5m to €957,321
mainly Contributions, distributions and other (-€48.0m) and Current investments (-€23.1m)
Equity and liabilities
- Reserves +€20.0m
up €20.0m (+11.9%), from €168.4m to €188.3m
of which Distributable reserves: +€20.0m
- Other debts +€4.5m
up €4.5m (+10.3%), from €43.5m to €48.0m
Income statement
- Financial income +€6.2m
up €6.2m (+9.8%), from €62.9m to €69.0m
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
€62.2m
Other operating charges
-€31,132
Other operating items
-€246,301
Financial income
+€6.2m
Financial charges
-€25,086
Taxes
-€89,706
Result 2025
€68.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€72.5m
Investment
-€29.1m
Financing
-€48.0m
Cash 2024
€5.5m
From operations (derived)
+€72.5m
Net result for the year
+€68.0m
Smaller working-capital items
+€63,115
Other debts
+€4.5m
Investment (derived)
-€29.1m
Investment in fixed assets (net)
-€5.9m
Current investments
-€23.1m
Financing
-€48.0m
Contributions, distributions and other
-€48.0m
Cash 2025
€957,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,421,408 | €256,879,828 | +€24.5m | +10.5% |
| Fixed assets | 21/28 | €160,149,585 | €166,096,579 | +€5.9m | +3.7% |
| Financial fixed assets | 28 | €160,149,585 | €166,096,579 | +€5.9m | +3.7% |
| Affiliated companies | 280/1 | €160,149,585 | €166,096,579 | +€5.9m | +3.7% |
| Participating interests | 280 | €160,149,585 | €166,096,579 | +€5.9m | +3.7% |
| Current assets | 29/58 | €72,271,823 | €90,783,249 | +€18.5m | +25.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €98,719 | €31,054 | -€67,665 | -68.5% |
| Trade receivables | 40 | €2,000 | €8,000 | +€6,000 | +300% |
| Other amounts receivable | 41 | €96,719 | €23,054 | -€73,665 | -76.2% |
| Current investments | 50/53 | €66,577,752 | €89,694,762 | +€23.1m | +34.7% |
| Other investments | 51/53 | €66,577,752 | €89,694,762 | +€23.1m | +34.7% |
| Cash at bank and in hand | 54/58 | €5,491,976 | €957,321 | -€4.5m | -82.6% |
| Deferred charges and accrued income | 490/1 | €103,375 | €100,112 | -€3,264 | -3.2% |
| Total equity and liabilities | 10/49 | €232,421,408 | €256,879,828 | +€24.5m | +10.5% |
| Equity | 10/15 | €188,869,209 | €208,835,442 | +€20.0m | +10.6% |
| Contributions | 10/11 | €20,514,057 | €20,514,057 | = | 0.0% |
| Capital | 10 | €20,500,000 | €20,500,000 | = | 0.0% |
| Issued capital | 100 | €20,500,000 | €20,500,000 | = | 0.0% |
| Contributions outside capital | 11 | €14,057 | €14,057 | = | 0.0% |
| Share premium | 1100/10 | €14,057 | €14,057 | = | 0.0% |
| Reserves | 13 | €168,355,152 | €188,321,385 | +€20.0m | +11.9% |
| Non-distributable reserves | 130/1 | €2,050,000 | €2,050,000 | = | 0.0% |
| Legal reserve | 130 | €2,050,000 | €2,050,000 | = | 0.0% |
| Distributable reserves | 133 | €166,305,152 | €186,271,385 | +€20.0m | +12.0% |
| Amounts payable | 17/49 | €43,552,199 | €48,044,386 | +€4.5m | +10.3% |
| Amounts payable within one year | 42/48 | €43,551,051 | €48,044,263 | +€4.5m | +10.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €51,051 | €44,263 | -€6,788 | -13.3% |
| Suppliers | 440/4 | €51,051 | €44,263 | -€6,788 | -13.3% |
| Other amounts payable | 47/48 | €43,500,000 | €48,000,000 | +€4.5m | +10.3% |
| Accrued charges and deferred income | 492/3 | €1,148 | €122 | -€1,025 | -89.3% |
| Operating income | 70/76A | - | €6,000 | +€6,000 | |
| Other operating income | 74 | - | €6,000 | +€6,000 | |
| Operating charges | 60/66A | €290,365 | €573,798 | +€283,433 | +97.6% |
| Services and other goods | 61 | €210,066 | €462,366 | +€252,301 | +120% |
| Other operating charges | 640/8 | €80,299 | €111,432 | +€31,132 | +38.8% |
| Operating profit (loss) | 9901 | -€290,365 | -€567,798 | -€277,433 | -95.5% |
| Financial income | 75/76B | €62,870,410 | €69,021,942 | +€6.2m | +9.8% |
| Recurring financial income | 75 | €62,870,410 | €69,021,942 | +€6.2m | +9.8% |
| Income from financial fixed assets | 750 | €61,665,752 | €67,198,046 | +€5.5m | +9.0% |
| Income from current assets | 751 | €682,205 | €1,160,674 | +€478,469 | +70.1% |
| Other financial income | 752/9 | €522,453 | €663,221 | +€140,768 | +26.9% |
| Financial charges | 65/66B | €157,874 | €182,960 | +€25,086 | +15.9% |
| Recurring financial charges | 65 | €157,874 | €182,960 | +€25,086 | +15.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €44,636 | €16,676 | -€27,960 | -62.6% |
| Other financial charges | 652/9 | €113,238 | €166,284 | +€53,046 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €62,422,170 | €68,271,183 | +€5.8m | +9.4% |
| Income taxes | 67/77 | €215,244 | €304,949 | +€89,706 | +41.7% |
| Taxes | 670/3 | €215,244 | €304,949 | +€89,706 | +41.7% |
| Profit (loss) for the period | 9904 | €62,206,927 | €67,966,234 | +€5.8m | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,206,927 | €67,966,234 | +€5.8m | +9.3% |
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 15 October 2026 via checked.be.