NV Copem S.A.: 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.
NV Copem S.A.
Largest movements
- Current investments +€8.7m
up €8.7m (+25.5%), from €34.2m to €42.9m
- Cash -€6.9m
down €6.9m (-92.2%), from €7.5m to €586,552
mainly Current investments (-€8.7m) and Contributions, distributions and other (-€1.5m)
- Other debts +€1.5m
new in 2025: €1.5m
- Reserves +€763,744
up €763,744 (+2.5%), from €30.8m to €31.6m
of which Distributable reserves: +€763,744
- Financial income -€1.9m
down €1.9m (-42.4%), from €4.5m to €2.6m
- Gross operating margin -€912,392
down €912,392, from €885,091 to -€27,301
- Taxes -€418,254
down €418,254 (-65.0%), from €643,846 to €225,592
- Financial charges +€94,132
up €94,132, from -€94,056 to €76
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 | €42,890,755 | €44,936,726 | +€2.0m | +4.8% |
| Current assets | 29/58 | €42,890,755 | €44,936,726 | +€2.0m | +4.8% |
| Stocks and contracts in progress | 3 | - | €309,378 | +€309,378 | |
| Stocks | 30/36 | - | €309,378 | +€309,378 | |
| Amounts receivable within one year | 40/41 | €1,153,647 | €1,080,306 | -€73,341 | -6.4% |
| Trade receivables | 40 | €197 | €20 | -€177 | -89.9% |
| Other amounts receivable | 41 | €1,153,449 | €1,080,286 | -€73,163 | -6.3% |
| Current investments | 50/53 | €34,210,442 | €42,941,201 | +€8.7m | +25.5% |
| Cash at bank and in hand | 54/58 | €7,523,162 | €586,552 | -€6.9m | -92.2% |
| Deferred charges and accrued income | 490/1 | €3,503 | €19,290 | +€15,786 | +451% |
| Total equity and liabilities | 10/49 | €42,890,755 | €44,936,726 | +€2.0m | +4.8% |
| Equity | 10/15 | €42,390,660 | €43,154,404 | +€763,744 | +1.8% |
| Contributions | 10/11 | €11,559,505 | €11,559,505 | = | 0.0% |
| Capital | 10 | €11,559,505 | €11,559,505 | = | 0.0% |
| Issued capital | 100 | €11,559,505 | €11,559,505 | = | 0.0% |
| Reserves | 13 | €30,831,154 | €31,594,899 | +€763,744 | +2.5% |
| Non-distributable reserves | 130/1 | €1,155,951 | €1,155,951 | = | 0.0% |
| Legal reserve | 130 | €1,155,951 | €1,155,951 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,184 | €2,184 | = | 0.0% |
| Distributable reserves | 133 | €29,673,020 | €30,436,764 | +€763,744 | +2.6% |
| Amounts payable | 17/49 | €500,095 | €1,782,322 | +€1.3m | +256% |
| Amounts payable within one year | 42/48 | €500,095 | €1,782,322 | +€1.3m | +256% |
| Trade debts | 44 | €15,563 | €19,905 | +€4,341 | +27.9% |
| Suppliers | 440/4 | €15,563 | €19,905 | +€4,341 | +27.9% |
| Taxes, remuneration and social security | 45 | €484,532 | €225,560 | -€258,972 | -53.4% |
| Taxes | 450/3 | €484,532 | €225,560 | -€258,972 | -53.4% |
| Other amounts payable | 47/48 | - | €1,536,858 | +€1.5m | |
| Non-recurring operating income | 76A | €958,030 | - | -€958,030 | |
| Other operating charges | 640/8 | €2,874 | €3,132 | +€257 | +9.0% |
| Non-recurring operating charges | 66A | - | €41,547 | +€41,547 | |
| Gross operating margin | 9900 | €885,091 | -€27,301 | -€912,392 | |
| Operating profit (loss) | 9901 | €882,217 | -€71,979 | -€954,196 | |
| Financial income | 75/76B | €4,512,893 | €2,598,250 | -€1.9m | -42.4% |
| Recurring financial income | 75 | €4,512,893 | €2,598,250 | -€1.9m | -42.4% |
| Financial charges | 65/66B | -€94,056 | €76 | +€94,132 | |
| Recurring financial charges | 65 | -€94,056 | €76 | +€94,132 | |
| Profit (loss) for the period before taxes | 9903 | €5,489,165 | €2,526,194 | -€3.0m | -54.0% |
| Income taxes | 67/77 | €643,846 | €225,592 | -€418,254 | -65.0% |
| Profit (loss) for the period | 9904 | €4,845,319 | €2,300,602 | -€2.5m | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,845,319 | €2,300,602 | -€2.5m | -52.5% |
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 30 October 2026 via checked.be.