Cofilindi: 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.
Cofilindi
Largest movements
- Cash +€39,210
up €39,210 (+56.2%), from €69,762 to €108,972
mainly Other debts (+€100,000) and Net result for the year (+€34,630)
- Intangible fixed assets -€16,500
down €16,500 (-33.3%), from €49,500 to €33,000
- Tangible fixed assets -€6,685
down €6,685 (-9.7%), from €68,653 to €61,967
of which Furniture and vehicles: -€6,577
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€65,370
down €65,370 (-81.2%), from €80,529 to €15,159
- Debts after one year -€29,831
down €29,831 (-44.4%), from €67,235 to €37,404
- Tax, wage and social debts +€18,856
up €18,856 (+292%), from €6,460 to €25,315
of which Remuneration and social security: +€9,875
- Contributions -€7,350
down €7,350 (-55.1%), from €13,350 to €6,000
- Staff costs +€5,123
up €5,123 (+16.9%), from €30,287 to €35,410
- Gross operating margin -€4,117
down €4,117 (-3.4%), from €121,811 to €117,695
- Depreciation +€2,403
up €2,403 (+8.2%), from €29,433 to €31,835
- Taxes -€1,678
down €1,678 (-12.0%), from €13,968 to €12,291
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 | €200,766 | €218,448 | +€17,682 | +8.8% |
| Fixed assets | 21/28 | €118,253 | €95,067 | -€23,185 | -19.6% |
| Intangible fixed assets | 21 | €49,500 | €33,000 | -€16,500 | -33.3% |
| Tangible fixed assets | 22/27 | €68,653 | €61,967 | -€6,685 | -9.7% |
| Furniture and vehicles | 24 | €18,762 | €12,185 | -€6,577 | -35.1% |
| Other tangible fixed assets | 26 | €49,890 | €49,782 | -€108 | -0.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €82,514 | €123,381 | +€40,867 | +49.5% |
| Amounts receivable within one year | 40/41 | €12,752 | €14,409 | +€1,657 | +13.0% |
| Trade receivables | 40 | €10,720 | €9,700 | -€1,021 | -9.5% |
| Other amounts receivable | 41 | €2,032 | €4,709 | +€2,678 | +132% |
| Cash at bank and in hand | 54/58 | €69,762 | €108,972 | +€39,210 | +56.2% |
| Total equity and liabilities | 10/49 | €200,766 | €218,448 | +€17,682 | +8.8% |
| Equity | 10/15 | €94,180 | €21,460 | -€72,720 | -77.2% |
| Contributions | 10/11 | €13,350 | €6,000 | -€7,350 | -55.1% |
| Reserves | 13 | €301 | €301 | = | 0.0% |
| Distributable reserves | 133 | €301 | €301 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,529 | €15,159 | -€65,370 | -81.2% |
| Amounts payable | 17/49 | €106,586 | €196,988 | +€90,402 | +84.8% |
| Amounts payable after more than one year | 17 | €67,235 | €37,404 | -€29,831 | -44.4% |
| Financial debts | 170/4 | €67,235 | €37,404 | -€29,831 | -44.4% |
| Amounts payable within one year | 42/48 | €39,351 | €159,584 | +€120,233 | +306% |
| Current portion of amounts payable after more than one year | 42 | €30,370 | €31,281 | +€911 | +3.0% |
| Trade debts | 44 | €2,522 | €2,988 | +€467 | +18.5% |
| Suppliers | 440/4 | €2,522 | €2,988 | +€467 | +18.5% |
| Taxes, remuneration and social security | 45 | €6,460 | €25,315 | +€18,856 | +292% |
| Taxes | 450/3 | €6,412 | €15,392 | +€8,981 | +140% |
| Remuneration and social security | 454/9 | €48 | €9,923 | +€9,875 | +20,694% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Remuneration, social security and pensions | 62 | €30,287 | €35,410 | +€5,123 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,433 | €31,835 | +€2,403 | +8.2% |
| Other operating charges | 640/8 | €682 | €701 | +€18 | +2.7% |
| Gross operating margin | 9900 | €121,811 | €117,695 | -€4,117 | -3.4% |
| Operating profit (loss) | 9901 | €61,409 | €49,749 | -€11,660 | -19.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,490 | €2,829 | -€662 | -19.0% |
| Recurring financial charges | 65 | €3,490 | €2,829 | -€662 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €57,919 | €46,920 | -€10,998 | -19.0% |
| Income taxes | 67/77 | €13,968 | €12,291 | -€1,678 | -12.0% |
| Profit (loss) for the period | 9904 | €43,950 | €34,630 | -€9,321 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,950 | €34,630 | -€9,321 | -21.2% |
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 23 October 2026 via checked.be.