CO-FIX: what changed
Two fiscal 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-FIX
Largest movements
- Tangible fixed assets +€26,645
up €26,645 (+455.7%), from €5,847 to €32,491
of which Furniture and vehicles: +€27,186
- Receivables within one year +€10,246
up €10,246 (+92.1%), from €11,131 to €21,378
of which Trade receivables: +€10,225
- Cash +€5,757
up €5,757 (+61.6%), from €9,347 to €15,103
mainly Other debts (+€25,643) and Net result for the year (+€15,001)
- Formation expenses -€878
down €878 (-100.0%), from €878 to €0
- Other debts +€25,643
up €25,643 (+257.0%), from €9,977 to €35,620
- Reserves +€15,001
up €15,001 (+158.3%), from €9,476 to €24,476
- Tax, wage and social debts +€3,742
up €3,742 (+56.6%), from €6,609 to €10,352
- Trade debts -€2,313
down €2,313 (-87.9%), from €2,631 to €317
- Gross operating margin +€15,714
up €15,714 (+109.1%), from €14,410 to €30,124
- Depreciation +€5,609
up €5,609 (+366.7%), from €1,529 to €7,138
- Financial charges +€2,271
up €2,271 (+2617.9%), from €87 to €2,358
- Taxes +€2,048
up €2,048 (+84.0%), from €2,439 to €4,487
- Other operating charges +€656
up €656 (+135.5%), from €484 to €1,140
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.
Cash bridge derived
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 | €28,893 | €70,966 | +€42,073 | +145.6% |
| Formation expenses | 20 | €878 | €0 | -€878 | -100.0% |
| Fixed assets | 21/28 | €5,847 | €32,491 | +€26,645 | +455.7% |
| Tangible fixed assets | 22/27 | €5,847 | €32,491 | +€26,645 | +455.7% |
| Plant, machinery and equipment | 23 | €3,975 | €3,434 | -€541 | -13.6% |
| Furniture and vehicles | 24 | €1,872 | €29,057 | +€27,186 | +1452.6% |
| Current assets | 29/58 | €22,168 | €38,474 | +€16,306 | +73.6% |
| Amounts receivable within one year | 40/41 | €11,131 | €21,378 | +€10,246 | +92.1% |
| Trade receivables | 40 | €11,131 | €21,356 | +€10,225 | +91.9% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €9,347 | €15,103 | +€5,757 | +61.6% |
| Deferred charges and accrued income | 490/1 | €1,690 | €1,993 | +€303 | +17.9% |
| Total equity and liabilities | 10/49 | €28,893 | €70,966 | +€42,073 | +145.6% |
| Equity | 10/15 | €9,676 | €24,676 | +€15,001 | +155.0% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €9,476 | €24,476 | +€15,001 | +158.3% |
| Distributable reserves | 133 | €9,476 | €24,476 | +€15,001 | +158.3% |
| Amounts payable | 17/49 | €19,217 | €46,289 | +€27,072 | +140.9% |
| Amounts payable within one year | 42/48 | €19,217 | €46,289 | +€27,072 | +140.9% |
| Trade debts | 44 | €2,631 | €317 | -€2,313 | -87.9% |
| Suppliers | 440/4 | €2,631 | €317 | -€2,313 | -87.9% |
| Taxes, remuneration and social security | 45 | €6,609 | €10,352 | +€3,742 | +56.6% |
| Taxes | 450/3 | €6,609 | €10,352 | +€3,742 | +56.6% |
| Other amounts payable | 47/48 | €9,977 | €35,620 | +€25,643 | +257.0% |
| Remuneration, social security and pensions | 62 | €395 | €0 | -€395 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €7,138 | +€5,609 | +366.7% |
| Other operating charges | 640/8 | €484 | €1,140 | +€656 | +135.5% |
| Gross operating margin | 9900 | €14,410 | €30,124 | +€15,714 | +109.1% |
| Operating profit (loss) | 9901 | €12,001 | €21,846 | +€9,844 | +82.0% |
| Financial charges | 65/66B | €87 | €2,358 | +€2,271 | +2617.9% |
| Recurring financial charges | 65 | €87 | €2,358 | +€2,271 | +2617.9% |
| Profit (loss) for the period before taxes | 9903 | €11,915 | €19,488 | +€7,573 | +63.6% |
| Income taxes | 67/77 | €2,439 | €4,487 | +€2,048 | +84.0% |
| Profit (loss) for the period | 9904 | €9,476 | €15,001 | +€5,525 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,476 | €15,001 | +€5,525 | +58.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.