CO.FI.CLAR: 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.FI.CLAR
Largest movements
- Cash -€83,722
down €83,722 (-45.1%), from €185,675 to €101,953
mainly Other debts (-€19,946) and Investment in fixed assets (net) (-€18,498)
- Receivables within one year +€11,329
up €11,329 (+89.0%), from €12,734 to €24,064
of which Other amounts receivable: +€18,134
- Receivables after one year +€11,000
up €11,000 (+122%), from €9,000 to €20,000
- Tangible fixed assets +€10,121
up €10,121 (+15.9%), from €63,757 to €73,878
of which Furniture and vehicles: +€15,424
- Deferred charges and accrued income +€6,136
up €6,136 (+1,392%), from €441 to €6,577
- Other debts -€19,946
down €19,946 (-70.7%), from €28,222 to €8,276
- Tax, wage and social debts -€9,394
down €9,394 (-69.3%), from €13,555 to €4,161
of which Taxes: -€9,395
- Debts after one year -€6,016
down €6,016 (-12.0%), from €49,994 to €43,978
- Profit (loss) carried forward -€5,599
down €5,599 (-3.8%), from €148,390 to €142,791
- Gross operating margin -€58,340
down €58,340 (-93.7%), from €62,255 to €3,916
- Taxes -€12,332
down €12,332 (-94.4%), from €13,067 to €735
- Depreciation +€1,002
up €1,002 (+18.6%), from €5,375 to €6,377
- Financial charges -€761
down €761 (-27.8%), from €2,738 to €1,977
- Financial income +€688
up €688 (+688%), from €100 to €788
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 | €271,607 | €228,472 | -€43,135 | -15.9% |
| Fixed assets | 21/28 | €63,757 | €75,878 | +€12,121 | +19.0% |
| Tangible fixed assets | 22/27 | €63,757 | €73,878 | +€10,121 | +15.9% |
| Land and buildings | 22 | €56,550 | €52,200 | -€4,350 | -7.7% |
| Plant, machinery and equipment | 23 | €6,380 | €5,427 | -€953 | -14.9% |
| Furniture and vehicles | 24 | €827 | €16,251 | +€15,424 | +1,864% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €207,850 | €152,594 | -€55,257 | -26.6% |
| Amounts receivable after more than one year | 29 | €9,000 | €20,000 | +€11,000 | +122% |
| Other amounts receivable | 291 | €9,000 | €20,000 | +€11,000 | +122% |
| Amounts receivable within one year | 40/41 | €12,734 | €24,064 | +€11,329 | +89.0% |
| Trade receivables | 40 | €12,234 | €5,430 | -€6,805 | -55.6% |
| Other amounts receivable | 41 | €500 | €18,634 | +€18,134 | +3,627% |
| Cash at bank and in hand | 54/58 | €185,675 | €101,953 | -€83,722 | -45.1% |
| Deferred charges and accrued income | 490/1 | €441 | €6,577 | +€6,136 | +1,392% |
| Total equity and liabilities | 10/49 | €271,607 | €228,472 | -€43,135 | -15.9% |
| Equity | 10/15 | €166,990 | €161,391 | -€5,599 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,390 | €142,791 | -€5,599 | -3.8% |
| Amounts payable | 17/49 | €104,617 | €67,081 | -€37,536 | -35.9% |
| Amounts payable after more than one year | 17 | €49,994 | €43,978 | -€6,016 | -12.0% |
| Financial debts | 170/4 | €49,994 | €43,978 | -€6,016 | -12.0% |
| Amounts payable within one year | 42/48 | €54,512 | €23,102 | -€31,409 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €5,875 | €6,016 | +€141 | +2.4% |
| Financial debts | 43 | €5,308 | €3,455 | -€1,853 | -34.9% |
| Credit institutions | 430/8 | €5,308 | €3,455 | -€1,853 | -34.9% |
| Trade debts | 44 | €1,552 | €1,194 | -€358 | -23.0% |
| Suppliers | 440/4 | €1,552 | €1,194 | -€358 | -23.0% |
| Taxes, remuneration and social security | 45 | €13,555 | €4,161 | -€9,394 | -69.3% |
| Taxes | 450/3 | €11,464 | €2,068 | -€9,395 | -82.0% |
| Remuneration and social security | 454/9 | €2,091 | €2,092 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €28,222 | €8,276 | -€19,946 | -70.7% |
| Accrued charges and deferred income | 492/3 | €111 | - | -€111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,375 | €6,377 | +€1,002 | +18.6% |
| Other operating charges | 640/8 | €1,109 | €1,214 | +€105 | +9.4% |
| Gross operating margin | 9900 | €62,255 | €3,916 | -€58,340 | -93.7% |
| Operating profit (loss) | 9901 | €55,772 | -€3,675 | -€59,446 | |
| Financial income | 75/76B | €100 | €788 | +€688 | +688% |
| Recurring financial income | 75 | €100 | €788 | +€688 | +688% |
| Financial charges | 65/66B | €2,738 | €1,977 | -€761 | -27.8% |
| Recurring financial charges | 65 | €2,738 | €1,977 | -€761 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €53,134 | -€4,864 | -€57,998 | |
| Income taxes | 67/77 | €13,067 | €735 | -€12,332 | -94.4% |
| Profit (loss) for the period | 9904 | €40,067 | -€5,599 | -€45,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,067 | -€5,599 | -€45,666 |
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 19 October 2026 via checked.be.