COFILER: 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.
COFILER
Largest movements
- Receivables after one year -€26,300
down €26,300 (-90.7%), from €29,000 to €2,700
- Tangible fixed assets +€20,001
up €20,001 (+48.4%), from €41,286 to €61,287
of which Furniture and vehicles: +€26,591
- Receivables within one year +€16,612
up €16,612 (+35.6%), from €46,719 to €63,331
of which Trade receivables: +€11,417
- Debts after one year +€38,993
up €38,993 (+110.0%), from €35,454 to €74,447
- Other debts -€27,652
no longer reported in 2025 (was €27,652)
- Current portion of long-term debt +€9,357
up €9,357 (+66.4%), from €14,090 to €23,447
- Trade debts -€7,976
down €7,976 (-78.6%), from €10,151 to €2,175
- Profit (loss) carried forward -€4,941
down €4,941 (-60.5%), from €8,172 to €3,231
- Gross operating margin -€7,653
down €7,653 (-15.7%), from €48,662 to €41,009
- Depreciation +€6,096
up €6,096 (+63.3%), from €9,634 to €15,730
- Write-downs +€4,856
no longer reported in 2025 (was -€4,856)
- Staff costs +€4,541
up €4,541 (+80.7%), from €5,626 to €10,166
- Taxes -€2,684
down €2,684 (-23.3%), from €11,518 to €8,834
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 | €185,526 | €195,410 | +€9,884 | +5.3% |
| Fixed assets | 21/28 | €41,526 | €61,802 | +€20,276 | +48.8% |
| Tangible fixed assets | 22/27 | €41,286 | €61,287 | +€20,001 | +48.4% |
| Land and buildings | 22 | €25,759 | €19,319 | -€6,440 | -25.0% |
| Plant, machinery and equipment | 23 | €1,462 | €1,312 | -€150 | -10.3% |
| Furniture and vehicles | 24 | €14,065 | €40,656 | +€26,591 | +189.1% |
| Financial fixed assets | 28 | €240 | €515 | +€275 | +114.5% |
| Current assets | 29/58 | €144,000 | €133,608 | -€10,392 | -7.2% |
| Amounts receivable after more than one year | 29 | €29,000 | €2,700 | -€26,300 | -90.7% |
| Other amounts receivable | 291 | €29,000 | €2,700 | -€26,300 | -90.7% |
| Amounts receivable within one year | 40/41 | €46,719 | €63,331 | +€16,612 | +35.6% |
| Trade receivables | 40 | €40,111 | €51,527 | +€11,417 | +28.5% |
| Other amounts receivable | 41 | €6,609 | €11,804 | +€5,195 | +78.6% |
| Cash at bank and in hand | 54/58 | €66,196 | €65,418 | -€778 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,159 | +€73 | +3.5% |
| Total equity and liabilities | 10/49 | €185,526 | €195,410 | +€9,884 | +5.3% |
| Equity | 10/15 | €58,768 | €53,826 | -€4,941 | -8.4% |
| Reserves | 13 | €50,595 | €50,595 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,595 | €9,595 | = | 0.0% |
| Distributable reserves | 133 | €41,000 | €41,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,172 | €3,231 | -€4,941 | -60.5% |
| Provisions and deferred taxes | 16 | €18,200 | €18,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,200 | €18,200 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,200 | €18,200 | = | 0.0% |
| Amounts payable | 17/49 | €108,559 | €123,383 | +€14,825 | +13.7% |
| Amounts payable after more than one year | 17 | €35,454 | €74,447 | +€38,993 | +110.0% |
| Financial debts | 170/4 | €35,454 | €74,447 | +€38,993 | +110.0% |
| Amounts payable within one year | 42/48 | €73,105 | €48,936 | -€24,168 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €14,090 | €23,447 | +€9,357 | +66.4% |
| Trade debts | 44 | €10,151 | €2,175 | -€7,976 | -78.6% |
| Suppliers | 440/4 | €10,151 | €2,175 | -€7,976 | -78.6% |
| Taxes, remuneration and social security | 45 | €21,212 | €23,314 | +€2,102 | +9.9% |
| Taxes | 450/3 | €21,212 | €22,119 | +€907 | +4.3% |
| Remuneration and social security | 454/9 | - | €1,195 | +€1,195 | |
| Other amounts payable | 47/48 | €27,652 | - | -€27,652 | |
| Remuneration, social security and pensions | 62 | €5,626 | €10,166 | +€4,541 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,634 | €15,730 | +€6,096 | +63.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,856 | - | +€4,856 | |
| Other operating charges | 640/8 | €5,714 | €5,955 | +€241 | +4.2% |
| Gross operating margin | 9900 | €48,662 | €41,009 | -€7,653 | -15.7% |
| Operating profit (loss) | 9901 | €32,544 | €9,158 | -€23,386 | -71.9% |
| Financial income | 75/76B | €312 | €1,259 | +€946 | +303.1% |
| Recurring financial income | 75 | €312 | €1,259 | +€946 | +303.1% |
| Financial charges | 65/66B | €4,403 | €6,524 | +€2,121 | +48.2% |
| Recurring financial charges | 65 | €4,403 | €6,524 | +€2,121 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €28,454 | €3,893 | -€24,561 | -86.3% |
| Income taxes | 67/77 | €11,518 | €8,834 | -€2,684 | -23.3% |
| Profit (loss) for the period | 9904 | €16,936 | -€4,941 | -€21,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,936 | -€4,941 | -€21,877 |
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 8 October 2026 via checked.be.