COFATEX: 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.
COFATEX
Largest movements
- Tangible fixed assets +€576,020
up €576,020 (+2516.2%), from €22,893 to €598,913
of which Land and buildings: +€568,872
- Stocks and contracts +€291,188
up €291,188 (+57.3%), from €508,317 to €799,504
- Current investments +€287,766
up €287,766 (+90.6%), from €317,748 to €605,514
- Receivables within one year -€157,182
down €157,182 (-29.9%), from €526,049 to €368,867
of which Trade receivables: -€227,182
- Debts after one year +€465,688
up €465,688 (+1184.6%), from €39,312 to €505,000
- Other debts +€257,594
up €257,594 (+70.7%), from €364,108 to €621,702
- Trade debts +€106,910
up €106,910 (+475.6%), from €22,477 to €129,387
- Tax, wage and social debts +€90,476
up €90,476 (+102.9%), from €87,884 to €178,361
of which Taxes: +€84,339
- Reserves +€80,735
up €80,735 (+19.2%), from €420,836 to €501,571
- Other operating charges +€40,534
up €40,534 (+6249.1%), from €649 to €41,183
- Taxes +€28,798
up €28,798 (+25.1%), from €114,949 to €143,748
- Financial charges -€21,103
down €21,103 (-53.4%), from €39,516 to €18,413
- Staff costs +€14,409
new in 2025: €14,409
- Depreciation -€6,506
down €6,506 (-18.5%), from €35,171 to €28,665
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 | €1,575,647 | €2,578,690 | +€1.0m | +63.7% |
| Formation expenses | 20 | €94,740 | €81,429 | -€13,311 | -14.1% |
| Fixed assets | 21/28 | €42,939 | €624,768 | +€581,829 | +1355.0% |
| Intangible fixed assets | 21 | €18,046 | €14,227 | -€3,820 | -21.2% |
| Tangible fixed assets | 22/27 | €22,893 | €598,913 | +€576,020 | +2516.2% |
| Land and buildings | 22 | - | €568,872 | +€568,872 | |
| Plant, machinery and equipment | 23 | €4,789 | €5,102 | +€313 | +6.5% |
| Furniture and vehicles | 24 | €6,406 | €4,022 | -€2,384 | -37.2% |
| Other tangible fixed assets | 26 | €11,698 | €20,917 | +€9,219 | +78.8% |
| Financial fixed assets | 28 | €2,000 | €11,628 | +€9,628 | +481.4% |
| Current assets | 29/58 | €1,437,969 | €1,872,494 | +€434,525 | +30.2% |
| Stocks and contracts in progress | 3 | €508,317 | €799,504 | +€291,188 | +57.3% |
| Stocks | 30/36 | €508,317 | €799,504 | +€291,188 | +57.3% |
| Amounts receivable within one year | 40/41 | €526,049 | €368,867 | -€157,182 | -29.9% |
| Trade receivables | 40 | €526,049 | €298,867 | -€227,182 | -43.2% |
| Other amounts receivable | 41 | - | €70,000 | +€70,000 | |
| Current investments | 50/53 | €317,748 | €605,514 | +€287,766 | +90.6% |
| Cash at bank and in hand | 54/58 | €74,783 | €79,900 | +€5,117 | +6.8% |
| Deferred charges and accrued income | 490/1 | €11,071 | €18,709 | +€7,637 | +69.0% |
| Total equity and liabilities | 10/49 | €1,575,647 | €2,578,690 | +€1.0m | +63.7% |
| Equity | 10/15 | €1,039,439 | €1,120,174 | +€80,735 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €420,836 | €501,571 | +€80,735 | +19.2% |
| Distributable reserves | 133 | €420,836 | €501,571 | +€80,735 | +19.2% |
| Profit (loss) carried forward | 14 | €600,003 | €600,003 | = | 0.0% |
| Amounts payable | 17/49 | €536,208 | €1,458,516 | +€922,308 | +172.0% |
| Amounts payable after more than one year | 17 | €39,312 | €505,000 | +€465,688 | +1184.6% |
| Financial debts | 170/4 | €39,312 | €505,000 | +€465,688 | +1184.6% |
| Amounts payable within one year | 42/48 | €494,867 | €953,516 | +€458,649 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €11,050 | €5,178 | -€5,872 | -53.1% |
| Financial debts | 43 | €9,347 | €18,888 | +€9,541 | +102.1% |
| Credit institutions | 430/8 | €9,347 | €18,888 | +€9,541 | +102.1% |
| Trade debts | 44 | €22,477 | €129,387 | +€106,910 | +475.6% |
| Suppliers | 440/4 | €22,477 | €129,387 | +€106,910 | +475.6% |
| Taxes, remuneration and social security | 45 | €87,884 | €178,361 | +€90,476 | +102.9% |
| Taxes | 450/3 | €87,884 | €172,223 | +€84,339 | +96.0% |
| Remuneration and social security | 454/9 | - | €6,137 | +€6,137 | |
| Other amounts payable | 47/48 | €364,108 | €621,702 | +€257,594 | +70.7% |
| Accrued charges and deferred income | 492/3 | €2,030 | - | -€2,030 | |
| Remuneration, social security and pensions | 62 | - | €14,409 | +€14,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,171 | €28,665 | -€6,506 | -18.5% |
| Other operating charges | 640/8 | €649 | €41,183 | +€40,534 | +6249.1% |
| Gross operating margin | 9900 | €531,134 | €531,212 | +€77 | 0.0% |
| Operating profit (loss) | 9901 | €495,314 | €446,954 | -€48,360 | -9.8% |
| Financial income | 75/76B | €67,134 | €73,575 | +€6,441 | +9.6% |
| Recurring financial income | 75 | €67,134 | €73,575 | +€6,441 | +9.6% |
| Financial charges | 65/66B | €39,516 | €18,413 | -€21,103 | -53.4% |
| Recurring financial charges | 65 | €39,516 | €18,413 | -€21,103 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €522,933 | €502,116 | -€20,817 | -4.0% |
| Income taxes | 67/77 | €114,949 | €143,748 | +€28,798 | +25.1% |
| Profit (loss) for the period | 9904 | €407,983 | €358,368 | -€49,615 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €407,983 | €358,368 | -€49,615 | -12.2% |
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 12 October 2026 via checked.be.