COFAMEX: 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.
COFAMEX
Largest movements
- Tangible fixed assets -€16,169
down €16,169 (-11.4%), from €141,282 to €125,113
of which Land and buildings: -€15,876
- Cash +€6,874
up €6,874 (+70.8%), from €9,707 to €16,581
mainly Depreciation (+€16,169) and Receivables within one year (+€4,966)
- Receivables within one year -€4,966
down €4,966 (-31.0%), from €16,007 to €11,041
of which Trade receivables: -€5,196
- Current portion of long-term debt -€15,000
no longer reported in 2024 (was €15,000)
- Gross operating margin +€7,337
up €7,337 (+78.0%), from €9,403 to €16,740
- Depreciation -€355
down €355 (-2.2%), from €16,524 to €16,169
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,276 | €158,502 | -€14,774 | -8.5% |
| Fixed assets | 21/28 | €146,910 | €130,741 | -€16,169 | -11.0% |
| Tangible fixed assets | 22/27 | €141,282 | €125,113 | -€16,169 | -11.4% |
| Land and buildings | 22 | €140,110 | €124,234 | -€15,876 | -11.3% |
| Furniture and vehicles | 24 | €1,172 | €879 | -€293 | -25.0% |
| Financial fixed assets | 28 | €5,628 | €5,628 | = | 0.0% |
| Current assets | 29/58 | €26,366 | €27,761 | +€1,395 | +5.3% |
| Amounts receivable within one year | 40/41 | €16,007 | €11,041 | -€4,966 | -31.0% |
| Trade receivables | 40 | €16,007 | €10,811 | -€5,196 | -32.5% |
| Other amounts receivable | 41 | - | €230 | +€230 | |
| Cash at bank and in hand | 54/58 | €9,707 | €16,581 | +€6,874 | +70.8% |
| Deferred charges and accrued income | 490/1 | €652 | €139 | -€513 | -78.7% |
| Total equity and liabilities | 10/49 | €173,276 | €158,502 | -€14,774 | -8.5% |
| Equity | 10/15 | €119,726 | €119,508 | -€218 | -0.2% |
| Contributions | 10/11 | €57,500 | €57,500 | = | 0.0% |
| Reserves | 13 | €32,301 | €32,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,990 | €6,990 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,990 | €6,990 | = | 0.0% |
| Distributable reserves | 133 | €25,311 | €25,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,925 | €29,708 | -€218 | -0.7% |
| Amounts payable | 17/49 | €53,550 | €38,994 | -€14,556 | -27.2% |
| Amounts payable within one year | 42/48 | €53,550 | €38,994 | -€14,556 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €1,452 | €2,797 | +€1,345 | +92.6% |
| Suppliers | 440/4 | €1,452 | €2,797 | +€1,345 | +92.6% |
| Taxes, remuneration and social security | 45 | €1,142 | €5 | -€1,136 | -99.5% |
| Taxes | 450/3 | €1,142 | €5 | -€1,136 | -99.5% |
| Other amounts payable | 47/48 | €35,956 | €36,191 | +€236 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,524 | €16,169 | -€355 | -2.2% |
| Other operating charges | 640/8 | €622 | €676 | +€55 | +8.8% |
| Gross operating margin | 9900 | €9,403 | €16,740 | +€7,337 | +78.0% |
| Operating profit (loss) | 9901 | -€7,742 | -€105 | +€7,638 | +98.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +748% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +748% |
| Financial charges | 65/66B | €106 | €115 | +€10 | +9.1% |
| Recurring financial charges | 65 | €106 | €115 | +€10 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,848 | -€218 | +€7,630 | +97.2% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€7,848 | -€218 | +€7,630 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,848 | -€218 | +€7,630 | +97.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.