COFILEM: 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.
COFILEM
Largest movements
- Cash +€25,904
up €25,904 (+96.7%), from €26,797 to €52,701
mainly Other debts (+€34,854) and Receivables within one year (+€25,311)
- Receivables within one year -€25,311
down €25,311 (-62.8%), from €40,332 to €15,021
of which Trade receivables: -€25,411
- Current investments +€12,000
up €12,000 (+24.5%), from €49,000 to €61,000
- Receivables after one year -€6,078
down €6,078 (-44.5%), from €13,655 to €7,577
- Stocks and contracts +€1,875
new in 2025: €1,875
- Other debts +€34,854
up €34,854 (+186.1%), from €18,730 to €53,584
- Reserves -€27,493
down €27,493 (-25.5%), from €107,928 to €80,435
of which Distributable reserves: -€27,493
- Gross operating margin -€2,921
down €2,921 (-7.0%), from €41,723 to €38,802
- Taxes -€896
down €896 (-8.8%), from €10,238 to €9,342
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 | €155,268 | €161,347 | +€6,079 | +3.9% |
| Fixed assets | 21/28 | €22,947 | €21,253 | -€1,694 | -7.4% |
| Tangible fixed assets | 22/27 | €22,947 | €21,253 | -€1,694 | -7.4% |
| Land and buildings | 22 | €22,947 | €18,358 | -€4,589 | -20.0% |
| Furniture and vehicles | 24 | - | €987 | +€987 | |
| Other tangible fixed assets | 26 | - | €1,908 | +€1,908 | |
| Current assets | 29/58 | €132,321 | €140,094 | +€7,773 | +5.9% |
| Amounts receivable after more than one year | 29 | €13,655 | €7,577 | -€6,078 | -44.5% |
| Other amounts receivable | 291 | €13,655 | €7,577 | -€6,078 | -44.5% |
| Stocks and contracts in progress | 3 | - | €1,875 | +€1,875 | |
| Contracts in progress | 37 | - | €1,875 | +€1,875 | |
| Amounts receivable within one year | 40/41 | €40,332 | €15,021 | -€25,311 | -62.8% |
| Trade receivables | 40 | €34,816 | €9,405 | -€25,411 | -73.0% |
| Other amounts receivable | 41 | €5,516 | €5,616 | +€100 | +1.8% |
| Current investments | 50/53 | €49,000 | €61,000 | +€12,000 | +24.5% |
| Cash at bank and in hand | 54/58 | €26,797 | €52,701 | +€25,904 | +96.7% |
| Deferred charges and accrued income | 490/1 | €2,537 | €1,920 | -€617 | -24.3% |
| Total equity and liabilities | 10/49 | €155,268 | €161,347 | +€6,079 | +3.9% |
| Equity | 10/15 | €126,528 | €99,035 | -€27,493 | -21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,928 | €80,435 | -€27,493 | -25.5% |
| Non-distributable reserves | 130/1 | €8,961 | €8,961 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,961 | €8,961 | = | 0.0% |
| Distributable reserves | 133 | €98,967 | €71,474 | -€27,493 | -27.8% |
| Amounts payable | 17/49 | €28,740 | €62,312 | +€33,572 | +116.8% |
| Amounts payable within one year | 42/48 | €28,546 | €62,114 | +€33,568 | +117.6% |
| Financial debts | 43 | €2,039 | €2,030 | -€9 | -0.4% |
| Credit institutions | 430/8 | €2,039 | €2,030 | -€9 | -0.4% |
| Trade debts | 44 | €373 | €386 | +€13 | +3.5% |
| Suppliers | 440/4 | €373 | €386 | +€13 | +3.5% |
| Taxes, remuneration and social security | 45 | €7,404 | €6,114 | -€1,290 | -17.4% |
| Taxes | 450/3 | €7,404 | €6,114 | -€1,290 | -17.4% |
| Other amounts payable | 47/48 | €18,730 | €53,584 | +€34,854 | +186.1% |
| Accrued charges and deferred income | 492/3 | €194 | €198 | +€4 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,770 | €4,787 | +€17 | +0.4% |
| Other operating charges | 640/8 | €1,670 | €1,735 | +€65 | +3.9% |
| Gross operating margin | 9900 | €41,723 | €38,802 | -€2,921 | -7.0% |
| Operating profit (loss) | 9901 | €35,283 | €32,280 | -€3,003 | -8.5% |
| Financial income | 75/76B | €2,110 | €2,163 | +€53 | +2.5% |
| Recurring financial income | 75 | €2,110 | €2,163 | +€53 | +2.5% |
| Financial charges | 65/66B | €405 | €399 | -€6 | -1.5% |
| Recurring financial charges | 65 | €405 | €399 | -€6 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €36,988 | €34,044 | -€2,944 | -8.0% |
| Income taxes | 67/77 | €10,238 | €9,342 | -€896 | -8.8% |
| Profit (loss) for the period | 9904 | €26,750 | €24,702 | -€2,048 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,750 | €24,702 | -€2,048 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.