Copreno: 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.
Copreno
Largest movements
- Cash -€82,569
down €82,569 (-89.6%), from €92,122 to €9,553
mainly Debts after one year (-€70,000) and Receivables within one year (-€42,602)
- Receivables within one year +€42,602
up €42,602 (+1168.9%), from €3,645 to €46,247
of which Trade receivables: +€44,204
- Intangible fixed assets -€10,672
down €10,672 (-15.6%), from €68,593 to €57,920
- Debts after one year -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Reserves +€29,005
up €29,005 (+42.4%), from €68,426 to €97,431
- Trade debts -€14,105
down €14,105 (-95.6%), from €14,751 to €646
- Tax, wage and social debts +€6,151
up €6,151 (+235.6%), from €2,611 to €8,761
- Short-term financial debts -€1,691
down €1,691 (-100.0%), from €1,691 to €0
- Gross operating margin +€27,100
up €27,100 (+115.8%), from €23,406 to €50,506
- Taxes +€7,393
up €7,393 (+293.2%), from €2,522 to €9,915
- Financial charges -€1,616
down €1,616 (-85.2%), from €1,896 to €280
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 | €164,359 | €113,720 | -€50,639 | -30.8% |
| Fixed assets | 21/28 | €68,593 | €57,920 | -€10,672 | -15.6% |
| Intangible fixed assets | 21 | €68,593 | €57,920 | -€10,672 | -15.6% |
| Current assets | 29/58 | €95,766 | €55,799 | -€39,967 | -41.7% |
| Amounts receivable within one year | 40/41 | €3,645 | €46,247 | +€42,602 | +1168.9% |
| Trade receivables | 40 | €1,166 | €45,370 | +€44,204 | +3789.6% |
| Other amounts receivable | 41 | €2,478 | €877 | -€1,602 | -64.6% |
| Cash at bank and in hand | 54/58 | €92,122 | €9,553 | -€82,569 | -89.6% |
| Total equity and liabilities | 10/49 | €164,359 | €113,720 | -€50,639 | -30.8% |
| Equity | 10/15 | €73,426 | €102,431 | +€29,005 | +39.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,426 | €97,431 | +€29,005 | +42.4% |
| Distributable reserves | 133 | €68,426 | €97,431 | +€29,005 | +42.4% |
| Amounts payable | 17/49 | €90,933 | €11,289 | -€79,645 | -87.6% |
| Amounts payable after more than one year | 17 | €70,000 | €0 | -€70,000 | -100.0% |
| Other amounts payable | 178/9 | €70,000 | €0 | -€70,000 | -100.0% |
| Amounts payable within one year | 42/48 | €20,933 | €11,289 | -€9,645 | -46.1% |
| Financial debts | 43 | €1,691 | €0 | -€1,691 | -100.0% |
| Credit institutions | 430/8 | €1,691 | €0 | -€1,691 | -100.0% |
| Trade debts | 44 | €14,751 | €646 | -€14,105 | -95.6% |
| Suppliers | 440/4 | €14,751 | €646 | -€14,105 | -95.6% |
| Taxes, remuneration and social security | 45 | €2,611 | €8,761 | +€6,151 | +235.6% |
| Taxes | 450/3 | €2,611 | €8,761 | +€6,151 | +235.6% |
| Other amounts payable | 47/48 | €1,881 | €1,881 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,648 | €10,672 | +€24 | +0.2% |
| Other operating charges | 640/8 | €618 | €633 | +€14 | +2.3% |
| Gross operating margin | 9900 | €23,406 | €50,506 | +€27,100 | +115.8% |
| Operating profit (loss) | 9901 | €12,139 | €39,201 | +€27,062 | +222.9% |
| Financial income | 75/76B | €460 | €0 | -€460 | -100.0% |
| Recurring financial income | 75 | €460 | €0 | -€460 | -100.0% |
| Financial charges | 65/66B | €1,896 | €280 | -€1,616 | -85.2% |
| Recurring financial charges | 65 | €1,896 | €280 | -€1,616 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €10,703 | €38,920 | +€28,217 | +263.6% |
| Income taxes | 67/77 | €2,522 | €9,915 | +€7,393 | +293.2% |
| Profit (loss) for the period | 9904 | €8,181 | €29,005 | +€20,824 | +254.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,181 | €29,005 | +€20,824 | +254.5% |
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 2 October 2026 via checked.be.