COFABEM: 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.
COFABEM
Largest movements
- Receivables within one year +€21,407
up €21,407 (+17.2%), from €124,428 to €145,835
of which Other amounts receivable: +€23,355
- Reserves +€17,236
up €17,236 (+43.0%), from €40,068 to €57,304
of which Distributable reserves: +€17,236
- Trade debts +€4,769
up €4,769 (+24.7%), from €19,336 to €24,105
- Tax, wage and social debts -€2,366
down €2,366 (-9.8%), from €24,068 to €21,702
- Gross operating margin -€1,091
down €1,091 (-4.8%), from €22,623 to €21,533
- Other operating charges -€823
down €823 (-57.4%), from €1,433 to €610
- Financial income +€637
up €637 (+10.6%), from €6,037 to €6,674
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 | €151,420 | €172,328 | +€20,909 | +13.8% |
| Fixed assets | 21/28 | €26,391 | €26,391 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,391 | €26,391 | = | 0.0% |
| Other tangible fixed assets | 26 | €26,391 | €26,391 | = | 0.0% |
| Current assets | 29/58 | €125,028 | €145,937 | +€20,909 | +16.7% |
| Amounts receivable within one year | 40/41 | €124,428 | €145,835 | +€21,407 | +17.2% |
| Trade receivables | 40 | €6,489 | €4,541 | -€1,948 | -30.0% |
| Other amounts receivable | 41 | €117,939 | €141,294 | +€23,355 | +19.8% |
| Cash at bank and in hand | 54/58 | €600 | €102 | -€498 | -83.0% |
| Total equity and liabilities | 10/49 | €151,420 | €172,328 | +€20,909 | +13.8% |
| Equity | 10/15 | €107,843 | €125,079 | +€17,236 | +16.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €40,068 | €57,304 | +€17,236 | +43.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €38,209 | €55,444 | +€17,236 | +45.1% |
| Profit (loss) carried forward | 14 | €49,183 | €49,183 | = | 0.0% |
| Amounts payable | 17/49 | €43,576 | €47,249 | +€3,673 | +8.4% |
| Amounts payable within one year | 42/48 | €43,576 | €47,249 | +€3,673 | +8.4% |
| Financial debts | 43 | €172 | €1,442 | +€1,270 | +736% |
| Credit institutions | 430/8 | €172 | €1,442 | +€1,270 | +736% |
| Trade debts | 44 | €19,336 | €24,105 | +€4,769 | +24.7% |
| Suppliers | 440/4 | €19,336 | €24,105 | +€4,769 | +24.7% |
| Taxes, remuneration and social security | 45 | €24,068 | €21,702 | -€2,366 | -9.8% |
| Taxes | 450/3 | €24,068 | €21,702 | -€2,366 | -9.8% |
| Other operating charges | 640/8 | €1,433 | €610 | -€823 | -57.4% |
| Gross operating margin | 9900 | €22,623 | €21,533 | -€1,091 | -4.8% |
| Operating profit (loss) | 9901 | €21,190 | €20,923 | -€268 | -1.3% |
| Financial income | 75/76B | €6,037 | €6,674 | +€637 | +10.6% |
| Recurring financial income | 75 | €6,037 | €6,674 | +€637 | +10.6% |
| Financial charges | 65/66B | €666 | €513 | -€153 | -23.0% |
| Recurring financial charges | 65 | €666 | €513 | -€153 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €26,561 | €27,084 | +€523 | +2.0% |
| Income taxes | 67/77 | €9,986 | €9,848 | -€138 | -1.4% |
| Profit (loss) for the period | 9904 | €16,575 | €17,236 | +€661 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,575 | €17,236 | +€661 | +4.0% |
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 15 October 2026 via checked.be.