BCL-COFIGES: 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.
BCL-COFIGES
Largest movements
- Cash -€58,525
down €58,525 (-37.4%), from €156,660 to €98,135
mainly Debts after one year (-€83,499) and Contributions, distributions and other (-€5,714)
- Tangible fixed assets -€13,876
down €13,876 (-15.8%), from €88,016 to €74,141
of which Land and buildings: -€7,333
- Deferred charges and accrued income -€4,090
down €4,090 (-55.0%), from €7,437 to €3,347
- Debts after one year -€83,499
down €83,499 (-55.6%), from €150,222 to €66,723
of which Other amounts payable: -€72,894
- Reserves +€9,000
up €9,000 (+9.6%), from €93,948 to €102,948
of which Distributable reserves: +€9,000
- Other debts +€4,000
new in 2025: €4,000
- Write-downs +€21,350
no longer reported in 2025 (was -€21,350)
- Gross operating margin -€16,093
down €16,093 (-8.2%), from €196,600 to €180,507
- Other operating charges -€10,671
down €10,671 (-49.6%), from €21,517 to €10,847
- Purchases and services +€5,096
up €5,096 (+2.3%), from €217,767 to €222,863
- Staff costs -€4,663
down €4,663 (-3.6%), from €127,858 to €123,195
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 | €326,439 | €252,729 | -€73,710 | -22.6% |
| Fixed assets | 21/28 | €90,068 | €76,210 | -€13,858 | -15.4% |
| Tangible fixed assets | 22/27 | €88,016 | €74,141 | -€13,876 | -15.8% |
| Land and buildings | 22 | €51,333 | €44,000 | -€7,333 | -14.3% |
| Plant, machinery and equipment | 23 | €31,148 | €27,446 | -€3,702 | -11.9% |
| Furniture and vehicles | 24 | €5,535 | €2,694 | -€2,840 | -51.3% |
| Financial fixed assets | 28 | €2,052 | €2,070 | +€18 | +0.9% |
| Current assets | 29/58 | €236,371 | €176,519 | -€59,852 | -25.3% |
| Amounts receivable within one year | 40/41 | €70,813 | €73,603 | +€2,790 | +3.9% |
| Trade receivables | 40 | €63,447 | €71,633 | +€8,186 | +12.9% |
| Other amounts receivable | 41 | €7,366 | €1,970 | -€5,396 | -73.3% |
| Current investments | 50/53 | €1,462 | €1,434 | -€28 | -1.9% |
| Cash at bank and in hand | 54/58 | €156,660 | €98,135 | -€58,525 | -37.4% |
| Deferred charges and accrued income | 490/1 | €7,437 | €3,347 | -€4,090 | -55.0% |
| Total equity and liabilities | 10/49 | €326,439 | €252,729 | -€73,710 | -22.6% |
| Equity | 10/15 | €119,906 | €128,028 | +€8,123 | +6.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €93,948 | €102,948 | +€9,000 | +9.6% |
| Tax-exempt reserves | 132 | €948 | €948 | = | 0.0% |
| Distributable reserves | 133 | €93,000 | €102,000 | +€9,000 | +9.7% |
| Profit (loss) carried forward | 14 | €957 | €80 | -€877 | -91.6% |
| Amounts payable | 17/49 | €206,534 | €124,701 | -€81,833 | -39.6% |
| Amounts payable after more than one year | 17 | €150,222 | €66,723 | -€83,499 | -55.6% |
| Financial debts | 170/4 | €77,328 | €66,723 | -€10,605 | -13.7% |
| Other amounts payable | 178/9 | €72,894 | - | -€72,894 | |
| Amounts payable within one year | 42/48 | €56,312 | €57,978 | +€1,666 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €10,338 | €10,605 | +€267 | +2.6% |
| Trade debts | 44 | €3,713 | €3,353 | -€360 | -9.7% |
| Suppliers | 440/4 | €3,713 | €3,353 | -€360 | -9.7% |
| Advances received on contracts in progress | 46 | €1,241 | €1,322 | +€81 | +6.5% |
| Taxes, remuneration and social security | 45 | €41,020 | €38,698 | -€2,322 | -5.7% |
| Taxes | 450/3 | €24,628 | €23,282 | -€1,346 | -5.5% |
| Remuneration and social security | 454/9 | €16,392 | €15,416 | -€976 | -6.0% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €217,767 | €222,863 | +€5,096 | +2.3% |
| Remuneration, social security and pensions | 62 | €127,858 | €123,195 | -€4,663 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,183 | €13,876 | -€307 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,350 | - | +€21,350 | |
| Other operating charges | 640/8 | €21,517 | €10,847 | -€10,671 | -49.6% |
| Gross operating margin | 9900 | €196,600 | €180,507 | -€16,093 | -8.2% |
| Operating profit (loss) | 9901 | €54,392 | €32,590 | -€21,802 | -40.1% |
| Financial income | 75/76B | €2,004 | €1,699 | -€305 | -15.2% |
| Recurring financial income | 75 | €2,004 | €1,699 | -€305 | -15.2% |
| Financial charges | 65/66B | €15,740 | €14,503 | -€1,237 | -7.9% |
| Recurring financial charges | 65 | €15,740 | €14,503 | -€1,237 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €40,656 | €19,786 | -€20,871 | -51.3% |
| Income taxes | 67/77 | €8,375 | €5,949 | -€2,426 | -29.0% |
| Profit (loss) for the period | 9904 | €32,282 | €13,837 | -€18,445 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,282 | €13,837 | -€18,445 | -57.1% |
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.