COFICO MANAGEMENT: 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.
COFICO MANAGEMENT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€136,969
up €136,969 (+246%), from €55,603 to €192,572
- Profit (loss) carried forward -€85,542
down €85,542 (-2.2%), from €3.8m to €3.7m
- Financial income +€19,978
up €19,978 (+26.8%), from €74,620 to €94,599
of which Financial income: +€36,628
- Other operating charges -€1,415
down €1,415 (-10.1%), from €13,985 to €12,571
- Gross operating margin +€1,240
up €1,240 (+5.9%), from €21,061 to €22,301
- Depreciation -€1,178
down €1,178 (-6.1%), from €19,437 to €18,259
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 | €6,024,081 | €6,076,024 | +€51,943 | +0.9% |
| Fixed assets | 21/28 | €5,947,306 | €5,990,529 | +€43,223 | +0.7% |
| Tangible fixed assets | 22/27 | €1,956,655 | €1,940,412 | -€16,243 | -0.8% |
| Land and buildings | 22 | €1,945,198 | €1,927,470 | -€17,728 | -0.9% |
| Furniture and vehicles | 24 | €11,458 | €12,942 | +€1,484 | +13.0% |
| Financial fixed assets | 28 | €3,990,651 | €4,050,117 | +€59,466 | +1.5% |
| Current assets | 29/58 | €76,775 | €85,495 | +€8,720 | +11.4% |
| Amounts receivable within one year | 40/41 | €35,950 | €48,642 | +€12,692 | +35.3% |
| Other amounts receivable | 41 | €35,950 | €48,642 | +€12,692 | +35.3% |
| Cash at bank and in hand | 54/58 | €38,053 | €34,030 | -€4,023 | -10.6% |
| Deferred charges and accrued income | 490/1 | €2,772 | €2,823 | +€51 | +1.8% |
| Total equity and liabilities | 10/49 | €6,024,081 | €6,076,024 | +€51,943 | +0.9% |
| Equity | 10/15 | €5,963,540 | €5,877,999 | -€85,542 | -1.4% |
| Contributions | 10/11 | €1,587,887 | €1,587,887 | = | 0.0% |
| Capital | 10 | €1,587,887 | €1,587,887 | = | 0.0% |
| Issued capital | 100 | €1,587,887 | €1,587,887 | = | 0.0% |
| Revaluation surpluses | 12 | €403,539 | €403,539 | = | 0.0% |
| Reserves | 13 | €140,010 | €140,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140,010 | €140,010 | = | 0.0% |
| Legal reserve | 130 | €140,010 | €140,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,832,105 | €3,746,563 | -€85,542 | -2.2% |
| Amounts payable | 17/49 | €60,541 | €198,025 | +€137,484 | +227% |
| Amounts payable within one year | 42/48 | €60,541 | €198,025 | +€137,484 | +227% |
| Trade debts | 44 | €4,938 | €5,454 | +€516 | +10.4% |
| Suppliers | 440/4 | €4,938 | €5,454 | +€516 | +10.4% |
| Other amounts payable | 47/48 | €55,603 | €192,572 | +€136,969 | +246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,437 | €18,259 | -€1,178 | -6.1% |
| Other operating charges | 640/8 | €13,985 | €12,571 | -€1,415 | -10.1% |
| Gross operating margin | 9900 | €21,061 | €22,301 | +€1,240 | +5.9% |
| Operating profit (loss) | 9901 | -€12,361 | -€8,529 | +€3,832 | +31.0% |
| Financial income | 75/76B | €74,620 | €94,599 | +€19,978 | +26.8% |
| Recurring financial income | 75 | €57,971 | €94,599 | +€36,628 | +63.2% |
| Non-recurring financial income | 76B | €16,650 | €0 | -€16,650 | -100% |
| Financial charges | 65/66B | €161 | €183 | +€22 | +13.5% |
| Recurring financial charges | 65 | €161 | €183 | +€22 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €62,098 | €85,887 | +€23,789 | +38.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €62,098 | €85,887 | +€23,789 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,098 | €85,887 | +€23,789 | +38.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.