Cofapro: 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.
Cofapro
Largest movements
- Stocks and contracts +€127,391
up €127,391 (+11.5%), from €1.1m to €1.2m
- Receivables within one year -€112,435
down €112,435 (-8.7%), from €1.3m to €1.2m
of which Trade receivables: -€98,847
- Cash +€65,136
up €65,136 (+11.4%), from €570,586 to €635,723
mainly Net result for the year (+€1.6m) and Receivables within one year (+€112,435)
- Profit (loss) carried forward +€1.6m
up €1.6m (+314%), from €499,432 to €2.1m
- Other debts -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Trade debts -€141,944
down €141,944 (-18.1%), from €783,263 to €641,319
- Accrued charges and deferred income -€67,964
down €67,964 (-100%), from €67,964 to €0
- Short-term financial debts -€51,012
down €51,012 (-43.1%), from €118,260 to €67,248
- Gross operating margin +€505,173
up €505,173 (+22.2%), from €2.3m to €2.8m
- Taxes +€129,806
up €129,806 (+32.7%), from €396,368 to €526,174
- Staff costs -€102,114
down €102,114 (-18.4%), from €556,353 to €454,239
- Financial charges +€52,097
up €52,097 (+62.5%), from €83,385 to €135,482
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 | €3,254,986 | €3,312,493 | +€57,507 | +1.8% |
| Fixed assets | 21/28 | €257,829 | €237,685 | -€20,144 | -7.8% |
| Tangible fixed assets | 22/27 | €257,053 | €236,909 | -€20,144 | -7.8% |
| Plant, machinery and equipment | 23 | €37,765 | €43,778 | +€6,014 | +15.9% |
| Furniture and vehicles | 24 | €212,140 | €141,287 | -€70,852 | -33.4% |
| Other tangible fixed assets | 26 | €7,149 | €51,843 | +€44,695 | +625% |
| Financial fixed assets | 28 | €776 | €776 | = | 0.0% |
| Current assets | 29/58 | €2,997,157 | €3,074,808 | +€77,651 | +2.6% |
| Stocks and contracts in progress | 3 | €1,110,965 | €1,238,356 | +€127,391 | +11.5% |
| Stocks | 30/36 | €1,110,965 | €1,238,356 | +€127,391 | +11.5% |
| Amounts receivable within one year | 40/41 | €1,287,816 | €1,175,382 | -€112,435 | -8.7% |
| Trade receivables | 40 | €1,273,561 | €1,174,713 | -€98,847 | -7.8% |
| Other amounts receivable | 41 | €14,256 | €668 | -€13,587 | -95.3% |
| Cash at bank and in hand | 54/58 | €570,586 | €635,723 | +€65,136 | +11.4% |
| Deferred charges and accrued income | 490/1 | €27,789 | €25,347 | -€2,442 | -8.8% |
| Total equity and liabilities | 10/49 | €3,254,986 | €3,312,493 | +€57,507 | +1.8% |
| Equity | 10/15 | €774,432 | €2,316,846 | +€1.5m | +199% |
| Contributions | 10/11 | €275,000 | €250,000 | -€25,000 | -9.1% |
| Profit (loss) carried forward | 14 | €499,432 | €2,066,846 | +€1.6m | +314% |
| Amounts payable | 17/49 | €2,480,553 | €995,647 | -€1.5m | -59.9% |
| Amounts payable after more than one year | 17 | €113,709 | €64,506 | -€49,203 | -43.3% |
| Financial debts | 170/4 | €113,709 | €64,506 | -€49,203 | -43.3% |
| Amounts payable within one year | 42/48 | €2,298,881 | €931,141 | -€1.4m | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €60,598 | €49,203 | -€11,395 | -18.8% |
| Financial debts | 43 | €118,260 | €67,248 | -€51,012 | -43.1% |
| Credit institutions | 430/8 | €118,260 | €67,248 | -€51,012 | -43.1% |
| Trade debts | 44 | €783,263 | €641,319 | -€141,944 | -18.1% |
| Suppliers | 440/4 | €783,263 | €641,319 | -€141,944 | -18.1% |
| Taxes, remuneration and social security | 45 | €160,289 | €173,371 | +€13,082 | +8.2% |
| Taxes | 450/3 | €130,849 | €146,735 | +€15,886 | +12.1% |
| Remuneration and social security | 454/9 | €29,441 | €26,636 | -€2,804 | -9.5% |
| Other amounts payable | 47/48 | €1,176,471 | €0 | -€1.2m | -100% |
| Accrued charges and deferred income | 492/3 | €67,964 | €0 | -€67,964 | -100% |
| Non-recurring operating income | 76A | €350 | €0 | -€350 | -100% |
| Remuneration, social security and pensions | 62 | €556,353 | €454,239 | -€102,114 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,189 | €78,021 | +€4,832 | +6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,102 | €5,875 | -€7,227 | -55.2% |
| Non-recurring operating charges | 66A | €0 | €51,920 | +€51,920 | |
| Gross operating margin | 9900 | €2,279,245 | €2,784,419 | +€505,173 | +22.2% |
| Operating profit (loss) | 9901 | €1,636,602 | €2,194,364 | +€557,762 | +34.1% |
| Financial income | 75/76B | €21,150 | €34,706 | +€13,557 | +64.1% |
| Recurring financial income | 75 | €21,150 | €21,706 | +€557 | +2.6% |
| Non-recurring financial income | 76B | - | €13,000 | +€13,000 | |
| Financial charges | 65/66B | €83,385 | €135,482 | +€52,097 | +62.5% |
| Recurring financial charges | 65 | €83,385 | €135,482 | +€52,097 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €1,574,366 | €2,093,588 | +€519,221 | +33.0% |
| Income taxes | 67/77 | €396,368 | €526,174 | +€129,806 | +32.7% |
| Profit (loss) for the period | 9904 | €1,177,999 | €1,567,414 | +€389,415 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,177,999 | €1,567,414 | +€389,415 | +33.1% |
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 24 October 2026 via checked.be.