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.
What changed
COPROBEL
NACE 46.231, Wholesale of live animals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€24,292
2024 · -€123,409+€99,116
Equity
€440,126
2024 · €483,419-€43,292
Cash
€111,201
2024 · €104,560+€6,641
Balance sheet total
€2.1m
2024 · €2.2m-€41,779
Largest movements
Assets
- Receivables within one year -€102,198
down €102,198 (-9.6%), from €1.1m to €960,772
of which Trade receivables: -€124,707
- Stocks and contracts +€90,128
up €90,128 (+51.4%), from €175,427 to €265,555
- Tangible fixed assets -€34,774
down €34,774 (-4.3%), from €809,985 to €775,211
of which Land and buildings: -€36,980
Equity and liabilities
- Tax, wage and social debts -€36,092
down €36,092 (-36.6%), from €98,627 to €62,536
of which Remuneration and social security: -€34,267
- Debts after one year -€35,278
down €35,278 (-5.7%), from €619,104 to €583,826
- Other debts +€34,842
up €34,842 (+48.7%), from €71,550 to €106,392
- Profit (loss) carried forward -€24,292
down €24,292 (-71.6%), from -€33,921 to -€58,214
Income statement
- Gross operating margin +€52,289
up €52,289 (+13.3%), from €393,560 to €445,849
- Staff costs -€31,639
down €31,639 (-7.7%), from €413,266 to €381,627
- Depreciation -€5,744
down €5,744 (-6.0%), from €96,365 to €90,621
- Financial income -€4,547
down €4,547 (-17.1%), from €26,623 to €22,076
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
-€123,409
Gross operating margin
+€52,289
Staff costs
+€31,639
Depreciation
+€5,744
Write-downs
+€3,131
Other operating charges
+€3,204
Other operating items
+€3,837
Financial income
-€4,547
Financial charges
+€3,890
Taxes
-€71
Result 2025
-€24,292
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
+€104,540
Investment
-€54,457
Financing
-€43,442
Cash 2024
€104,560
From operations (derived)
+€104,540
Net result for the year
-€24,292
Depreciation
+€90,621
Stocks and contracts
-€90,128
Receivables within one year
+€102,198
Deferred charges and accrued income
+€186
Provisions
-€600
Trade debts
+€15,273
Tax, wage and social debts
-€36,092
Other debts
+€34,842
Accrued charges and deferred income
+€12,532
Investment (derived)
-€54,457
Investment in fixed assets (net)
-€54,457
Financing
-€43,442
Debts after one year
-€35,278
Current portion of long-term debt
+€10,836
Contributions, distributions and other
-€19,000
Cash 2025
€111,201
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,179,442 | €2,137,663 | -€41,779 | -1.9% |
| Fixed assets | 21/28 | €828,740 | €792,575 | -€36,164 | -4.4% |
| Intangible fixed assets | 21 | €2,531 | €1,140 | -€1,391 | -54.9% |
| Tangible fixed assets | 22/27 | €809,985 | €775,211 | -€34,774 | -4.3% |
| Land and buildings | 22 | €593,657 | €556,677 | -€36,980 | -6.2% |
| Plant, machinery and equipment | 23 | €201,539 | €213,035 | +€11,496 | +5.7% |
| Furniture and vehicles | 24 | €2,691 | €0 | -€2,691 | -100% |
| Leasing and similar rights | 25 | €12,098 | €5,499 | -€6,599 | -54.5% |
| Financial fixed assets | 28 | €16,224 | €16,224 | = | 0.0% |
| Current assets | 29/58 | €1,350,703 | €1,345,088 | -€5,615 | -0.4% |
| Stocks and contracts in progress | 3 | €175,427 | €265,555 | +€90,128 | +51.4% |
| Stocks | 30/36 | €175,427 | €265,555 | +€90,128 | +51.4% |
| Amounts receivable within one year | 40/41 | €1,062,970 | €960,772 | -€102,198 | -9.6% |
| Trade receivables | 40 | €1,030,640 | €905,933 | -€124,707 | -12.1% |
| Other amounts receivable | 41 | €32,330 | €54,839 | +€22,509 | +69.6% |
| Cash at bank and in hand | 54/58 | €104,560 | €111,201 | +€6,641 | +6.4% |
| Deferred charges and accrued income | 490/1 | €7,745 | €7,559 | -€186 | -2.4% |
| Total equity and liabilities | 10/49 | €2,179,442 | €2,137,663 | -€41,779 | -1.9% |
| Equity | 10/15 | €483,419 | €440,126 | -€43,292 | -9.0% |
| Contributions | 10/11 | €328,600 | €320,500 | -€8,100 | -2.5% |
| Reserves | 13 | €16,340 | €16,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,340 | €11,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,340 | €11,340 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,921 | -€58,214 | -€24,292 | -71.6% |
| Investment grants | 15 | €172,400 | €161,500 | -€10,900 | -6.3% |
| Provisions and deferred taxes | 16 | €600 | €0 | -€600 | -100% |
| Deferred taxes | 168 | €600 | €0 | -€600 | -100% |
| Amounts payable | 17/49 | €1,695,424 | €1,697,537 | +€2,113 | +0.1% |
| Amounts payable after more than one year | 17 | €619,104 | €583,826 | -€35,278 | -5.7% |
| Financial debts | 170/4 | €619,104 | €583,826 | -€35,278 | -5.7% |
| Amounts payable within one year | 42/48 | €1,073,852 | €1,098,711 | +€24,859 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €68,886 | €79,722 | +€10,836 | +15.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €834,788 | €850,061 | +€15,273 | +1.8% |
| Suppliers | 440/4 | €834,788 | €850,061 | +€15,273 | +1.8% |
| Taxes, remuneration and social security | 45 | €98,627 | €62,536 | -€36,092 | -36.6% |
| Taxes | 450/3 | €14,716 | €12,891 | -€1,825 | -12.4% |
| Remuneration and social security | 454/9 | €83,912 | €49,645 | -€34,267 | -40.8% |
| Other amounts payable | 47/48 | €71,550 | €106,392 | +€34,842 | +48.7% |
| Accrued charges and deferred income | 492/3 | €2,468 | €15,000 | +€12,532 | +508% |
| Non-recurring operating income | 76A | €5,606 | €0 | -€5,606 | -100% |
| Remuneration, social security and pensions | 62 | €413,266 | €381,627 | -€31,639 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,365 | €90,621 | -€5,744 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,131 | €0 | -€3,131 | -100% |
| Other operating charges | 640/8 | €6,620 | €3,416 | -€3,204 | -48.4% |
| Non-recurring operating charges | 66A | €3,837 | €0 | -€3,837 | -100% |
| Gross operating margin | 9900 | €393,560 | €445,849 | +€52,289 | +13.3% |
| Operating profit (loss) | 9901 | -€129,659 | -€29,815 | +€99,844 | +77.0% |
| Financial income | 75/76B | €26,623 | €22,076 | -€4,547 | -17.1% |
| Recurring financial income | 75 | €26,623 | €22,076 | -€4,547 | -17.1% |
| Financial charges | 65/66B | €20,800 | €16,910 | -€3,890 | -18.7% |
| Recurring financial charges | 65 | €20,800 | €16,910 | -€3,890 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€123,837 | -€24,650 | +€99,187 | +80.1% |
| Transfer from deferred taxes | 780 | €600 | €600 | = | 0.0% |
| Income taxes | 67/77 | €172 | €243 | +€71 | +41.2% |
| Profit (loss) for the period | 9904 | -€123,409 | -€24,292 | +€99,116 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,409 | -€24,292 | +€99,116 | +80.3% |
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 17 October 2026 via checked.be.