COFIDEL: 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.
COFIDEL
Largest movements
- Current investments +€55,206
up €55,206 (+110.1%), from €50,132 to €105,338
- Cash +€23,701
up €23,701 (+204.3%), from €11,601 to €35,302
mainly Net result for the year (+€56,721) and Receivables within one year (+€16,215)
- Receivables within one year -€16,215
down €16,215 (-32.9%), from €49,231 to €33,016
- Reserves +€56,721
up €56,721 (+68.9%), from €82,300 to €139,021
- Tax, wage and social debts +€11,424
up €11,424 (+88.6%), from €12,898 to €24,322
- Other debts -€4,720
down €4,720 (-79.1%), from €5,965 to €1,246
- Trade debts +€2,135
up €2,135 (+46.8%), from €4,563 to €6,699
- Gross operating margin +€40,921
up €40,921 (+90.6%), from €45,167 to €86,088
- Taxes +€14,672
up €14,672 (+111.0%), from €13,218 to €27,889
- Write-downs +€1,899
no longer reported in 2025 (was -€1,899)
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 | €116,006 | €181,567 | +€65,560 | +56.5% |
| Fixed assets | 21/28 | €523 | €2,177 | +€1,653 | +316.0% |
| Intangible fixed assets | 21 | €16 | - | -€16 | |
| Tangible fixed assets | 22/27 | €508 | €2,177 | +€1,669 | +328.8% |
| Furniture and vehicles | 24 | €508 | €2,177 | +€1,669 | +328.8% |
| Current assets | 29/58 | €115,483 | €179,390 | +€63,907 | +55.3% |
| Amounts receivable within one year | 40/41 | €49,231 | €33,016 | -€16,215 | -32.9% |
| Trade receivables | 40 | €49,231 | €33,016 | -€16,215 | -32.9% |
| Current investments | 50/53 | €50,132 | €105,338 | +€55,206 | +110.1% |
| Cash at bank and in hand | 54/58 | €11,601 | €35,302 | +€23,701 | +204.3% |
| Deferred charges and accrued income | 490/1 | €4,519 | €5,734 | +€1,215 | +26.9% |
| Total equity and liabilities | 10/49 | €116,006 | €181,567 | +€65,560 | +56.5% |
| Equity | 10/15 | €92,580 | €149,301 | +€56,721 | +61.3% |
| Contributions | 10/11 | €10,280 | €10,280 | = | 0.0% |
| Reserves | 13 | €82,300 | €139,021 | +€56,721 | +68.9% |
| Distributable reserves | 133 | €82,300 | €139,021 | +€56,721 | +68.9% |
| Amounts payable | 17/49 | €23,426 | €32,266 | +€8,840 | +37.7% |
| Amounts payable within one year | 42/48 | €23,426 | €32,266 | +€8,840 | +37.7% |
| Trade debts | 44 | €4,563 | €6,699 | +€2,135 | +46.8% |
| Suppliers | 440/4 | €4,563 | €6,699 | +€2,135 | +46.8% |
| Taxes, remuneration and social security | 45 | €12,898 | €24,322 | +€11,424 | +88.6% |
| Taxes | 450/3 | €12,898 | €24,322 | +€11,424 | +88.6% |
| Other amounts payable | 47/48 | €5,965 | €1,246 | -€4,720 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €353 | -€502 | -58.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,899 | - | +€1,899 | |
| Other operating charges | 640/8 | €1,222 | €1,376 | +€154 | +12.6% |
| Gross operating margin | 9900 | €45,167 | €86,088 | +€40,921 | +90.6% |
| Operating profit (loss) | 9901 | €44,989 | €84,359 | +€39,370 | +87.5% |
| Financial income | 75/76B | €73 | €295 | +€221 | +302.7% |
| Recurring financial income | 75 | €73 | €295 | +€221 | +302.7% |
| Financial charges | 65/66B | €62 | €43 | -€19 | -31.1% |
| Recurring financial charges | 65 | €62 | €43 | -€19 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €45,000 | €84,610 | +€39,610 | +88.0% |
| Income taxes | 67/77 | €13,218 | €27,889 | +€14,672 | +111.0% |
| Profit (loss) for the period | 9904 | €31,782 | €56,721 | +€24,939 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,782 | €56,721 | +€24,939 | +78.5% |
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 3 October 2026 via checked.be.