COPROBEL: 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.
COPROBEL
Largest movements
- Current investments -€910,785
down €910,785 (-71.2%), from €1.3m to €367,842
- Cash -€268,549
down €268,549 (-19.1%), from €1.4m to €1.1m
mainly Contributions, distributions and other (-€2.0m) and Other debts (-€1.2m)
- Receivables within one year +€239,014
up €239,014 (+70.7%), from €338,007 to €577,021
of which Other amounts receivable: +€170,746
- Other debts -€1.2m
down €1.2m (-36.5%), from €3.2m to €2.0m
- Reserves +€200,998
up €200,998 (+5.2%), from €3.9m to €4.1m
of which Distributable reserves: +€200,998
- Financial income -€2.6m
down €2.6m (-83.9%), from €3.1m to €495,730
of which Financial income: -€2.6m
- Gross operating margin +€565,822
up €565,822 (+32.5%), from €1.7m to €2.3m
- Taxes +€76,563
up €76,563 (+41.5%), from €184,310 to €260,873
- Staff costs -€63,512
down €63,512 (-17.5%), from €362,392 to €298,880
- Financial charges +€53,041
up €53,041, from -€39,434 to €13,607
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 | €10,507,809 | €9,542,222 | -€965,588 | -9.2% |
| Fixed assets | 21/28 | €7,481,545 | €7,456,090 | -€25,455 | -0.3% |
| Tangible fixed assets | 22/27 | €725,146 | €699,692 | -€25,455 | -3.5% |
| Land and buildings | 22 | €725,146 | €699,692 | -€25,455 | -3.5% |
| Financial fixed assets | 28 | €6,756,399 | €6,756,399 | = | 0.0% |
| Current assets | 29/58 | €3,026,265 | €2,086,131 | -€940,133 | -31.1% |
| Amounts receivable within one year | 40/41 | €338,007 | €577,021 | +€239,014 | +70.7% |
| Trade receivables | 40 | €265,831 | €334,099 | +€68,268 | +25.7% |
| Other amounts receivable | 41 | €72,176 | €242,922 | +€170,746 | +237% |
| Current investments | 50/53 | €1,278,627 | €367,842 | -€910,785 | -71.2% |
| Cash at bank and in hand | 54/58 | €1,409,631 | €1,141,081 | -€268,549 | -19.1% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €10,507,809 | €9,542,222 | -€965,588 | -9.2% |
| Equity | 10/15 | €7,144,017 | €7,345,014 | +€200,998 | +2.8% |
| Contributions | 10/11 | €3,250,000 | €3,250,000 | = | 0.0% |
| Capital | 10 | €3,250,000 | €3,250,000 | = | 0.0% |
| Issued capital | 100 | €3,250,000 | €3,250,000 | = | 0.0% |
| Reserves | 13 | €3,894,017 | €4,095,014 | +€200,998 | +5.2% |
| Non-distributable reserves | 130/1 | €325,000 | €325,000 | = | 0.0% |
| Legal reserve | 130 | €325,000 | €325,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €3,569,017 | €3,770,014 | +€200,998 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,363,792 | €2,197,207 | -€1.2m | -34.7% |
| Amounts payable within one year | 42/48 | €3,363,792 | €2,197,207 | -€1.2m | -34.7% |
| Trade debts | 44 | €131,242 | €132,309 | +€1,067 | +0.8% |
| Suppliers | 440/4 | €131,242 | €132,309 | +€1,067 | +0.8% |
| Taxes, remuneration and social security | 45 | €82,550 | €64,898 | -€17,652 | -21.4% |
| Taxes | 450/3 | €26,013 | €17,342 | -€8,671 | -33.3% |
| Remuneration and social security | 454/9 | €56,538 | €47,557 | -€8,981 | -15.9% |
| Other amounts payable | 47/48 | €3,150,000 | €2,000,000 | -€1.2m | -36.5% |
| Remuneration, social security and pensions | 62 | €362,392 | €298,880 | -€63,512 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,455 | €25,455 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €1,738,385 | €2,304,208 | +€565,822 | +32.5% |
| Operating profit (loss) | 9901 | €1,350,424 | €1,979,748 | +€629,323 | +46.6% |
| Financial income | 75/76B | €3,073,270 | €495,730 | -€2.6m | -83.9% |
| Recurring financial income | 75 | €3,073,270 | €495,730 | -€2.6m | -83.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | -€39,434 | €13,607 | +€53,041 | |
| Recurring financial charges | 65 | -€39,434 | €13,607 | +€53,041 | |
| Profit (loss) for the period before taxes | 9903 | €4,463,128 | €2,461,871 | -€2.0m | -44.8% |
| Income taxes | 67/77 | €184,310 | €260,873 | +€76,563 | +41.5% |
| Profit (loss) for the period | 9904 | €4,278,817 | €2,200,998 | -€2.1m | -48.6% |
| Transfer from tax-exempt reserves | 789 | €252,600 | €0 | -€252,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €4,531,417 | €2,200,998 | -€2.3m | -51.4% |
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 24 October 2026 via checked.be.