COFAM: 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.
COFAM
Largest movements
- Tangible fixed assets -€13,958
down €13,958 (-7.4%), from €188,277 to €174,319
of which Land and buildings: -€13,727
- Short-term financial debts -€14,874
down €14,874 (-100.0%), from €14,874 to €0
- Other debts +€5,036
up €5,036 (+1.6%), from €315,629 to €320,665
- Profit (loss) carried forward -€3,245
down €3,245 (-1.8%), from -€178,091 to -€181,337
- Gross operating margin +€13,915
up €13,915 (+487.8%), from €2,852 to €16,768
- Depreciation -€2,538
down €2,538 (-14.2%), from €17,892 to €15,353
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 | €188,476 | €174,777 | -€13,699 | -7.3% |
| Fixed assets | 21/28 | €188,277 | €174,319 | -€13,958 | -7.4% |
| Tangible fixed assets | 22/27 | €188,277 | €174,319 | -€13,958 | -7.4% |
| Land and buildings | 22 | €186,093 | €172,367 | -€13,727 | -7.4% |
| Plant, machinery and equipment | 23 | €2,184 | €1,952 | -€232 | -10.6% |
| Current assets | 29/58 | €199 | €458 | +€259 | +130.5% |
| Cash at bank and in hand | 54/58 | €199 | €458 | +€259 | +130.5% |
| Total equity and liabilities | 10/49 | €188,476 | €174,777 | -€13,699 | -7.3% |
| Equity | 10/15 | -€142,026 | -€145,888 | -€3,861 | -2.7% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €3,839 | €3,223 | -€616 | -16.1% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,223 | €3,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €616 | €0 | -€616 | -100.0% |
| Profit (loss) carried forward | 14 | -€178,091 | -€181,337 | -€3,245 | -1.8% |
| Amounts payable | 17/49 | €330,503 | €320,665 | -€9,838 | -3.0% |
| Amounts payable within one year | 42/48 | €330,503 | €320,665 | -€9,838 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €14,874 | €0 | -€14,874 | -100.0% |
| Other loans | 439 | €14,874 | €0 | -€14,874 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €315,629 | €320,665 | +€5,036 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,892 | €15,353 | -€2,538 | -14.2% |
| Other operating charges | 640/8 | €4,922 | €5,074 | +€153 | +3.1% |
| Gross operating margin | 9900 | €2,852 | €16,768 | +€13,915 | +487.8% |
| Operating profit (loss) | 9901 | -€19,961 | -€3,660 | +€16,301 | +81.7% |
| Financial charges | 65/66B | €221 | €202 | -€20 | -8.9% |
| Recurring financial charges | 65 | €221 | €202 | -€20 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,182 | -€3,861 | +€16,321 | +80.9% |
| Profit (loss) for the period | 9904 | -€20,182 | -€3,861 | +€16,321 | +80.9% |
| Transfer from tax-exempt reserves | 789 | - | €616 | +€616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,182 | -€3,245 | +€16,937 | +83.9% |
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 9 October 2026 via checked.be.