COFIDACC: 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.
COFIDACC
Largest movements
- Cash +€26,201
up €26,201 (+72.7%), from €36,035 to €62,237
mainly Net result for the year (+€29,766) and Trade debts (+€25,611)
- Receivables within one year +€21,584
up €21,584 (+12.9%), from €167,173 to €188,757
of which Trade receivables: +€21,252
- Deferred charges and accrued income -€2,920
down €2,920 (-22.7%), from €12,864 to €9,944
- Profit (loss) carried forward +€29,766
up €29,766 (+91.0%), from €32,726 to €62,492
- Trade debts +€25,611
up €25,611 (+67.6%), from €37,897 to €63,508
- Other debts -€8,658
down €8,658 (-10.7%), from €81,102 to €72,444
- Accrued charges and deferred income -€7,657
no longer reported in 2025 (was €7,657)
- Tax, wage and social debts +€6,588
up €6,588 (+17.8%), from €36,962 to €43,549
of which Taxes: +€5,999
- Gross operating margin +€27,431
up €27,431 (+25.3%), from €108,564 to €135,996
- Write-downs +€7,360
up €7,360, from -€1,043 to €6,317
- Taxes +€4,447
up €4,447 (+68.9%), from €6,450 to €10,896
- Financial charges -€2,894
down €2,894 (-32.0%), from €9,049 to €6,155
- Staff costs +€2,749
up €2,749 (+3.5%), from €77,705 to €80,455
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 | €216,796 | €262,445 | +€45,649 | +21.1% |
| Fixed assets | 21/28 | €723 | €1,508 | +€784 | +108% |
| Tangible fixed assets | 22/27 | €723 | €1,508 | +€784 | +108% |
| Furniture and vehicles | 24 | €723 | €1,508 | +€784 | +108% |
| Current assets | 29/58 | €216,073 | €260,937 | +€44,865 | +20.8% |
| Amounts receivable within one year | 40/41 | €167,173 | €188,757 | +€21,584 | +12.9% |
| Trade receivables | 40 | €167,173 | €188,425 | +€21,252 | +12.7% |
| Other amounts receivable | 41 | - | €331 | +€331 | |
| Cash at bank and in hand | 54/58 | €36,035 | €62,237 | +€26,201 | +72.7% |
| Deferred charges and accrued income | 490/1 | €12,864 | €9,944 | -€2,920 | -22.7% |
| Total equity and liabilities | 10/49 | €216,796 | €262,445 | +€45,649 | +21.1% |
| Equity | 10/15 | €53,178 | €82,943 | +€29,766 | +56.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,726 | €62,492 | +€29,766 | +91.0% |
| Amounts payable | 17/49 | €163,618 | €179,502 | +€15,884 | +9.7% |
| Amounts payable within one year | 42/48 | €155,961 | €179,502 | +€23,540 | +15.1% |
| Trade debts | 44 | €37,897 | €63,508 | +€25,611 | +67.6% |
| Suppliers | 440/4 | €37,897 | €63,508 | +€25,611 | +67.6% |
| Taxes, remuneration and social security | 45 | €36,962 | €43,549 | +€6,588 | +17.8% |
| Taxes | 450/3 | €22,844 | €28,842 | +€5,999 | +26.3% |
| Remuneration and social security | 454/9 | €14,118 | €14,707 | +€589 | +4.2% |
| Other amounts payable | 47/48 | €81,102 | €72,444 | -€8,658 | -10.7% |
| Accrued charges and deferred income | 492/3 | €7,657 | - | -€7,657 | |
| Remuneration, social security and pensions | 62 | €77,705 | €80,455 | +€2,749 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755 | €543 | -€211 | -28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,043 | €6,317 | +€7,360 | |
| Other operating charges | 640/8 | €655 | €2,540 | +€1,885 | +288% |
| Gross operating margin | 9900 | €108,564 | €135,996 | +€27,431 | +25.3% |
| Operating profit (loss) | 9901 | €30,492 | €46,140 | +€15,648 | +51.3% |
| Financial income | 75/76B | €0 | €677 | +€677 | +751,856% |
| Recurring financial income | 75 | €0 | €677 | +€677 | +751,856% |
| Financial charges | 65/66B | €9,049 | €6,155 | -€2,894 | -32.0% |
| Recurring financial charges | 65 | €9,049 | €6,155 | -€2,894 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €21,443 | €40,662 | +€19,219 | +89.6% |
| Income taxes | 67/77 | €6,450 | €10,896 | +€4,447 | +68.9% |
| Profit (loss) for the period | 9904 | €14,994 | €29,766 | +€14,772 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,994 | €29,766 | +€14,772 | +98.5% |
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 15 October 2026 via checked.be.