COFIBRI: what changed
Two fiscal 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.
COFIBRI
Largest movements
- Cash -€31,114
down €31,114 (-68.7%), from €45,267 to €14,154
mainly Debts after one year (-€14,697) and Tax, wage and social debts (-€14,496)
- Tangible fixed assets -€13,358
down €13,358 (-27.5%), from €48,488 to €35,130
of which Leasing and similar rights: -€11,607
- Receivables within one year +€12,989
up €12,989 (+23.6%), from €55,072 to €68,061
of which Trade receivables: +€14,281
- Debts after one year -€14,697
down €14,697 (-62.9%), from €23,368 to €8,670
- Tax, wage and social debts -€14,496
down €14,496 (-50.6%), from €28,655 to €14,159
- Other debts -€7,426
down €7,426 (-50.9%), from €14,599 to €7,173
- Reserves +€5,709
up €5,709 (+12.4%), from €46,033 to €51,742
of which Distributable reserves: +€5,709
- Gross operating margin -€11,689
down €11,689 (-23.2%), from €50,411 to €38,721
- Other operating charges -€3,675
down €3,675 (-67.0%), from €5,488 to €1,813
- Taxes -€2,421
down €2,421 (-25.9%), from €9,357 to €6,937
- Depreciation +€857
up €857 (+6.4%), from €13,492 to €14,349
- Financial charges +€807
up €807 (+27.2%), from €2,973 to €3,780
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 | €149,928 | €119,783 | -€30,146 | -20.1% |
| Fixed assets | 21/28 | €48,488 | €35,130 | -€13,358 | -27.5% |
| Tangible fixed assets | 22/27 | €48,488 | €35,130 | -€13,358 | -27.5% |
| Furniture and vehicles | 24 | €8,832 | €7,081 | -€1,751 | -19.8% |
| Leasing and similar rights | 25 | €39,656 | €28,049 | -€11,607 | -29.3% |
| Current assets | 29/58 | €101,441 | €84,653 | -€16,787 | -16.5% |
| Amounts receivable within one year | 40/41 | €55,072 | €68,061 | +€12,989 | +23.6% |
| Trade receivables | 40 | €27,944 | €42,225 | +€14,281 | +51.1% |
| Other amounts receivable | 41 | €27,128 | €25,836 | -€1,292 | -4.8% |
| Cash at bank and in hand | 54/58 | €45,267 | €14,154 | -€31,114 | -68.7% |
| Deferred charges and accrued income | 490/1 | €1,101 | €2,439 | +€1,337 | +121.4% |
| Total equity and liabilities | 10/49 | €149,928 | €119,783 | -€30,146 | -20.1% |
| Equity | 10/15 | €58,433 | €64,142 | +€5,709 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,033 | €51,742 | +€5,709 | +12.4% |
| Non-distributable reserves | 130/1 | €1,003 | €1,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,003 | €1,003 | = | 0.0% |
| Distributable reserves | 133 | €45,030 | €50,739 | +€5,709 | +12.7% |
| Amounts payable | 17/49 | €91,496 | €55,641 | -€35,855 | -39.2% |
| Amounts payable after more than one year | 17 | €23,368 | €8,670 | -€14,697 | -62.9% |
| Financial debts | 170/4 | €23,368 | €8,670 | -€14,697 | -62.9% |
| Amounts payable within one year | 42/48 | €68,128 | €46,971 | -€21,157 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €13,966 | €14,697 | +€732 | +5.2% |
| Trade debts | 44 | €10,909 | €10,942 | +€33 | +0.3% |
| Suppliers | 440/4 | €10,909 | €10,942 | +€33 | +0.3% |
| Taxes, remuneration and social security | 45 | €28,655 | €14,159 | -€14,496 | -50.6% |
| Taxes | 450/3 | €28,655 | €14,159 | -€14,496 | -50.6% |
| Other amounts payable | 47/48 | €14,599 | €7,173 | -€7,426 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,492 | €14,349 | +€857 | +6.4% |
| Other operating charges | 640/8 | €5,488 | €1,813 | -€3,675 | -67.0% |
| Non-recurring operating charges | 66A | €119 | - | -€119 | |
| Gross operating margin | 9900 | €50,411 | €38,721 | -€11,689 | -23.2% |
| Operating profit (loss) | 9901 | €31,312 | €22,559 | -€8,753 | -28.0% |
| Financial income | 75/76B | €1,501 | €1,440 | -€61 | -4.1% |
| Recurring financial income | 75 | €1,501 | €1,440 | -€61 | -4.1% |
| Financial charges | 65/66B | €2,973 | €3,780 | +€807 | +27.2% |
| Recurring financial charges | 65 | €2,973 | €3,780 | +€807 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €29,840 | €20,218 | -€9,621 | -32.2% |
| Income taxes | 67/77 | €9,357 | €6,937 | -€2,421 | -25.9% |
| Profit (loss) for the period | 9904 | €20,483 | €13,282 | -€7,201 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,483 | €13,282 | -€7,201 | -35.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.