Co-Fastening BE: 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.
Co-Fastening BE
Largest movements
- Tangible fixed assets +€80,811
up €80,811 (+143%), from €56,526 to €137,337
of which Furniture and vehicles: +€82,285
- Receivables within one year +€63,328
up €63,328 (+41.7%), from €151,868 to €215,195
of which Trade receivables: +€34,434
- Cash -€47,373
down €47,373 (-19.0%), from €248,872 to €201,499
mainly Contributions, distributions and other (-€600,000) and Investment in fixed assets (net) (-€97,568)
- Trade debts +€300,360
up €300,360 (+615%), from €48,869 to €349,229
- Profit (loss) carried forward -€210,726
down €210,726 (-90.0%), from €234,257 to €23,532
- Gross operating margin +€205,059
up €205,059 (+49.0%), from €418,825 to €623,883
- Taxes +€51,069
up €51,069 (+59.8%), from €85,418 to €136,488
- Other operating charges +€19,149
up €19,149 (+827%), from €2,315 to €21,464
- Staff costs -€12,146
down €12,146 (-17.0%), from €71,326 to €59,180
- Depreciation +€9,242
up €9,242 (+123%), from €7,514 to €16,757
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 | €463,148 | €556,618 | +€93,470 | +20.2% |
| Fixed assets | 21/28 | €56,526 | €137,337 | +€80,811 | +143% |
| Tangible fixed assets | 22/27 | €56,526 | €137,337 | +€80,811 | +143% |
| Land and buildings | 22 | €4,812 | €4,306 | -€506 | -10.5% |
| Plant, machinery and equipment | 23 | €4,268 | €3,301 | -€967 | -22.7% |
| Furniture and vehicles | 24 | €47,445 | €129,730 | +€82,285 | +173% |
| Current assets | 29/58 | €406,622 | €419,282 | +€12,659 | +3.1% |
| Amounts receivable within one year | 40/41 | €151,868 | €215,195 | +€63,328 | +41.7% |
| Trade receivables | 40 | €151,868 | €186,302 | +€34,434 | +22.7% |
| Other amounts receivable | 41 | €0 | €28,894 | +€28,894 | |
| Cash at bank and in hand | 54/58 | €248,872 | €201,499 | -€47,373 | -19.0% |
| Deferred charges and accrued income | 490/1 | €5,883 | €2,587 | -€3,296 | -56.0% |
| Total equity and liabilities | 10/49 | €463,148 | €556,618 | +€93,470 | +20.2% |
| Equity | 10/15 | €278,594 | €67,869 | -€210,726 | -75.6% |
| Contributions | 10/11 | €44,337 | €44,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,257 | €23,532 | -€210,726 | -90.0% |
| Amounts payable | 17/49 | €184,554 | €488,749 | +€304,196 | +165% |
| Amounts payable within one year | 42/48 | €184,554 | €488,749 | +€304,196 | +165% |
| Trade debts | 44 | €48,869 | €349,229 | +€300,360 | +615% |
| Suppliers | 440/4 | €48,869 | €349,229 | +€300,360 | +615% |
| Taxes, remuneration and social security | 45 | €108,534 | €112,941 | +€4,407 | +4.1% |
| Taxes | 450/3 | €96,213 | €106,014 | +€9,801 | +10.2% |
| Remuneration and social security | 454/9 | €12,321 | €6,927 | -€5,394 | -43.8% |
| Other amounts payable | 47/48 | €27,151 | €26,580 | -€571 | -2.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €71,326 | €59,180 | -€12,146 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,514 | €16,757 | +€9,242 | +123% |
| Other operating charges | 640/8 | €2,315 | €21,464 | +€19,149 | +827% |
| Gross operating margin | 9900 | €418,825 | €623,883 | +€205,059 | +49.0% |
| Operating profit (loss) | 9901 | €337,670 | €526,482 | +€188,813 | +55.9% |
| Financial income | 75/76B | €5 | €119 | +€114 | +2,309% |
| Recurring financial income | 75 | €5 | €119 | +€114 | +2,309% |
| Financial charges | 65/66B | €6,010 | €839 | -€5,171 | -86.0% |
| Recurring financial charges | 65 | €6,010 | €839 | -€5,171 | -86.0% |
| Profit (loss) for the period before taxes | 9903 | €331,665 | €525,762 | +€194,097 | +58.5% |
| Income taxes | 67/77 | €85,418 | €136,488 | +€51,069 | +59.8% |
| Profit (loss) for the period | 9904 | €246,246 | €389,274 | +€143,028 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €246,246 | €389,274 | +€143,028 | +58.1% |
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 22 October 2026 via checked.be.