CO FOUNDRY: 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 FOUNDRY
Largest movements
- Financial fixed assets +€348,253
up €348,253 (+16.1%), from €2.2m to €2.5m
- Cash +€83,177
up €83,177 (+1822.6%), from €4,564 to €87,741
mainly Other debts (+€898,400) and Trade debts (+€32,205)
- Current investments +€41,441
new in 2025: €41,441
- Other debts +€898,400
up €898,400 (+37.4%), from €2.4m to €3.3m
- Profit (loss) carried forward -€457,682
down €457,682 (-13.7%), from -€3.3m to -€3.8m
- Trade debts +€32,205
up €32,205 (+86.4%), from €37,276 to €69,481
- Financial charges +€280,534
up €280,534 (+207.1%), from €135,488 to €416,022
of which Non-recurring financial charges: +€281,851
- Financial income -€67,313
no longer reported in 2025 (was €67,313)
of which Non-recurring financial income: -€58,190
- Gross operating margin -€23,713
down €23,713 (-142.3%), from -€16,666 to -€40,379
- Purchases and services +€23,713
up €23,713 (+142.3%), from €16,666 to €40,379
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 | €2,167,594 | €2,640,517 | +€472,923 | +21.8% |
| Fixed assets | 21/28 | €2,161,380 | €2,509,633 | +€348,253 | +16.1% |
| Financial fixed assets | 28 | €2,161,380 | €2,509,633 | +€348,253 | +16.1% |
| Current assets | 29/58 | €6,214 | €130,884 | +€124,670 | +2006.3% |
| Amounts receivable within one year | 40/41 | €1,650 | €1,650 | = | 0.0% |
| Other amounts receivable | 41 | €1,650 | €1,650 | = | 0.0% |
| Current investments | 50/53 | - | €41,441 | +€41,441 | |
| Cash at bank and in hand | 54/58 | €4,564 | €87,741 | +€83,177 | +1822.6% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €2,167,594 | €2,640,517 | +€472,923 | +21.8% |
| Equity | 10/15 | -€269,219 | -€726,901 | -€457,682 | -170.0% |
| Contributions | 10/11 | €3,061,500 | €3,061,500 | = | 0.0% |
| Capital | 10 | €3,061,500 | €3,061,500 | = | 0.0% |
| Issued capital | 100 | €3,061,500 | €3,061,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,330,719 | -€3,788,401 | -€457,682 | -13.7% |
| Amounts payable | 17/49 | €2,436,813 | €3,367,418 | +€930,605 | +38.2% |
| Amounts payable within one year | 42/48 | €2,436,813 | €3,367,418 | +€930,605 | +38.2% |
| Trade debts | 44 | €37,276 | €69,481 | +€32,205 | +86.4% |
| Suppliers | 440/4 | €37,276 | €69,481 | +€32,205 | +86.4% |
| Other amounts payable | 47/48 | €2,399,536 | €3,297,936 | +€898,400 | +37.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,666 | €40,379 | +€23,713 | +142.3% |
| Other operating charges | 640/8 | €1,426 | €1,281 | -€144 | -10.1% |
| Non-recurring operating charges | 66A | €935 | - | -€935 | |
| Gross operating margin | 9900 | -€16,666 | -€40,379 | -€23,713 | -142.3% |
| Operating profit (loss) | 9901 | -€19,027 | -€41,660 | -€22,633 | -119.0% |
| Financial income | 75/76B | €67,313 | - | -€67,313 | |
| Recurring financial income | 75 | €9,123 | - | -€9,123 | |
| Non-recurring financial income | 76B | €58,190 | - | -€58,190 | |
| Financial charges | 65/66B | €135,488 | €416,022 | +€280,534 | +207.1% |
| Recurring financial charges | 65 | €135,488 | €134,171 | -€1,317 | -1.0% |
| Non-recurring financial charges | 66B | - | €281,851 | +€281,851 | |
| Profit (loss) for the period before taxes | 9903 | -€87,202 | -€457,682 | -€370,481 | -424.9% |
| Profit (loss) for the period | 9904 | -€87,202 | -€457,682 | -€370,481 | -424.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,202 | -€457,682 | -€370,481 | -424.9% |
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 11 October 2026 via checked.be.