COFICOM: 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.
COFICOM
Largest movements
- Current investments -€56,648
down €56,648 (-100.0%), from €56,664 to €17
- Deferred charges and accrued income -€45,221
down €45,221 (-98.0%), from €46,167 to €946
- Tangible fixed assets -€39,408
down €39,408 (-94.6%), from €41,661 to €2,253
of which Furniture and vehicles: -€37,606
- Receivables within one year -€11,846
down €11,846 (-44.4%), from €26,691 to €14,845
of which Trade receivables: -€9,180
- Cash -€11,834
down €11,834 (-48.7%), from €24,303 to €12,469
mainly Net result for the year (-€75,587) and Other debts (-€31,800)
- Profit (loss) carried forward -€75,587
down €75,587 (-3072.9%), from -€2,460 to -€78,047
- Other debts -€31,800
down €31,800 (-89.0%), from €35,710 to €3,911
- Trade debts -€20,598
down €20,598 (-27.2%), from €75,589 to €54,991
- Tax, wage and social debts -€15,000
no longer reported in 2025 (was €15,000)
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Other operating charges +€54,966
up €54,966 (+5520.2%), from €996 to €55,962
- Gross operating margin -€16,418
down €16,418 (-88.8%), from €18,481 to €2,063
- Financial income -€10,212
down €10,212 (-82.6%), from €12,370 to €2,158
- Depreciation -€8,026
down €8,026 (-81.7%), from €9,828 to €1,802
- Staff costs -€2,645
down €2,645 (-10.9%), from €24,320 to €21,675
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 | €195,661 | €30,704 | -€164,956 | -84.3% |
| Fixed assets | 21/28 | €41,836 | €2,428 | -€39,408 | -94.2% |
| Tangible fixed assets | 22/27 | €41,661 | €2,253 | -€39,408 | -94.6% |
| Furniture and vehicles | 24 | €37,606 | - | -€37,606 | |
| Other tangible fixed assets | 26 | €4,055 | €2,253 | -€1,802 | -44.4% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €153,825 | €28,277 | -€125,549 | -81.6% |
| Amounts receivable within one year | 40/41 | €26,691 | €14,845 | -€11,846 | -44.4% |
| Trade receivables | 40 | €24,013 | €14,833 | -€9,180 | -38.2% |
| Other amounts receivable | 41 | €2,678 | €12 | -€2,666 | -99.6% |
| Current investments | 50/53 | €56,664 | €17 | -€56,648 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,303 | €12,469 | -€11,834 | -48.7% |
| Deferred charges and accrued income | 490/1 | €46,167 | €946 | -€45,221 | -98.0% |
| Total equity and liabilities | 10/49 | €195,661 | €30,704 | -€164,956 | -84.3% |
| Equity | 10/15 | €61,650 | -€28,197 | -€89,847 | |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €51,710 | €49,850 | -€1,860 | -3.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €49,850 | €49,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,460 | -€78,047 | -€75,587 | -3072.9% |
| Amounts payable | 17/49 | €134,011 | €58,902 | -€75,109 | -56.0% |
| Amounts payable within one year | 42/48 | €134,011 | €58,902 | -€75,109 | -56.0% |
| Current portion of amounts payable after more than one year | 42 | €7,711 | - | -€7,711 | |
| Trade debts | 44 | €75,589 | €54,991 | -€20,598 | -27.2% |
| Suppliers | 440/4 | €75,589 | €54,991 | -€20,598 | -27.2% |
| Taxes, remuneration and social security | 45 | €15,000 | - | -€15,000 | |
| Taxes | 450/3 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €35,710 | €3,911 | -€31,800 | -89.0% |
| Remuneration, social security and pensions | 62 | €24,320 | €21,675 | -€2,645 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,828 | €1,802 | -€8,026 | -81.7% |
| Other operating charges | 640/8 | €996 | €55,962 | +€54,966 | +5520.2% |
| Gross operating margin | 9900 | €18,481 | €2,063 | -€16,418 | -88.8% |
| Operating profit (loss) | 9901 | -€16,663 | -€77,377 | -€60,714 | -364.4% |
| Financial income | 75/76B | €12,370 | €2,158 | -€10,212 | -82.6% |
| Recurring financial income | 75 | €12,370 | €2,158 | -€10,212 | -82.6% |
| Financial charges | 65/66B | €1,064 | €369 | -€695 | -65.4% |
| Recurring financial charges | 65 | €1,064 | €369 | -€695 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,357 | -€75,587 | -€70,230 | -1311.0% |
| Profit (loss) for the period | 9904 | -€5,357 | -€75,587 | -€70,230 | -1311.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,357 | -€75,587 | -€70,230 | -1311.0% |
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 11 October 2026 via checked.be.