COFERAL: 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.
COFERAL
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+10.6%), from €9.9m to €11.0m
- Current investments -€725,000
no longer reported in 2025 (was €725,000)
- Cash +€319,820
up €319,820 (+196%), from €163,195 to €483,015
mainly Current investments (+€725,000) and Other debts (+€500,000)
- Other debts +€500,000
up €500,000 (+1,445%), from €34,600 to €534,600
- Reserves +€133,165
up €133,165 (+421%), from €31,639 to €164,804
of which Distributable reserves: +€133,165
- Financial income +€78,478
up €78,478 (+55.5%), from €141,404 to €219,881
- Gross operating margin +€23,821
up €23,821, from -€2,148 to €21,673
- Taxes +€13,317
new in 2025: €13,317
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 | €10,814,543 | €11,541,620 | +€727,077 | +6.7% |
| Fixed assets | 21/28 | €9,916,429 | €10,967,194 | +€1.1m | +10.6% |
| Financial fixed assets | 28 | €9,916,429 | €10,967,194 | +€1.1m | +10.6% |
| Current assets | 29/58 | €898,114 | €574,426 | -€323,688 | -36.0% |
| Amounts receivable within one year | 40/41 | €9,919 | €91,320 | +€81,401 | +821% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €9,919 | €85,320 | +€75,401 | +760% |
| Current investments | 50/53 | €725,000 | - | -€725,000 | |
| Cash at bank and in hand | 54/58 | €163,195 | €483,015 | +€319,820 | +196% |
| Deferred charges and accrued income | 490/1 | - | €92 | +€92 | |
| Total equity and liabilities | 10/49 | €10,814,543 | €11,541,620 | +€727,077 | +6.7% |
| Equity | 10/15 | €1,294,785 | €1,427,950 | +€133,165 | +10.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €31,639 | €164,804 | +€133,165 | +421% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €21,639 | €154,804 | +€133,165 | +615% |
| Profit (loss) carried forward | 14 | €1,163,147 | €1,163,147 | = | 0.0% |
| Amounts payable | 17/49 | €9,519,757 | €10,113,670 | +€593,912 | +6.2% |
| Amounts payable after more than one year | 17 | €9,391,245 | €9,391,245 | = | 0.0% |
| Financial debts | 170/4 | €9,391,245 | €9,391,245 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,600 | €534,600 | +€500,000 | +1,445% |
| Other amounts payable | 47/48 | €34,600 | €534,600 | +€500,000 | +1,445% |
| Accrued charges and deferred income | 492/3 | €93,912 | €187,825 | +€93,912 | +100% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€2,148 | €21,673 | +€23,821 | |
| Operating profit (loss) | 9901 | -€3,116 | €20,675 | +€23,790 | |
| Financial income | 75/76B | €141,404 | €219,881 | +€78,478 | +55.5% |
| Recurring financial income | 75 | €141,404 | €219,881 | +€78,478 | +55.5% |
| Financial charges | 65/66B | €94,093 | €94,074 | -€18 | 0.0% |
| Recurring financial charges | 65 | €94,093 | €94,074 | -€18 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €44,195 | €146,481 | +€102,286 | +231% |
| Income taxes | 67/77 | - | €13,317 | +€13,317 | |
| Profit (loss) for the period | 9904 | €44,195 | €133,165 | +€88,970 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €44,195 | €133,165 | +€88,970 | +201% |
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 27 October 2026 via checked.be.