COFIMA: 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.
COFIMA
Largest movements
- Current investments +€724,011
up €724,011 (+24.4%), from €3.0m to €3.7m
- Reserves +€669,520
up €669,520 (+102.2%), from €654,987 to €1.3m
of which Distributable reserves: +€669,520
- Financial income +€652,103
up €652,103 (+990.3%), from €65,846 to €717,949
- Taxes +€65,683
up €65,683 (+107.9%), from €60,859 to €126,542
- Gross operating margin -€45,659
down €45,659 (-18.0%), from €253,210 to €207,551
- Depreciation -€26,418
down €26,418 (-61.5%), from €42,978 to €16,560
- Financial charges +€8,209
up €8,209 (+9088.0%), from €90 to €8,299
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 | €3,421,592 | €4,128,915 | +€707,322 | +20.7% |
| Fixed assets | 21/28 | €326,518 | €309,958 | -€16,560 | -5.1% |
| Tangible fixed assets | 22/27 | €326,518 | €309,958 | -€16,560 | -5.1% |
| Land and buildings | 22 | €326,518 | €309,958 | -€16,560 | -5.1% |
| Current assets | 29/58 | €3,095,075 | €3,818,957 | +€723,882 | +23.4% |
| Amounts receivable within one year | 40/41 | - | €24,090 | +€24,090 | |
| Other amounts receivable | 41 | - | €24,090 | +€24,090 | |
| Current investments | 50/53 | €2,965,104 | €3,689,115 | +€724,011 | +24.4% |
| Cash at bank and in hand | 54/58 | €127,067 | €101,194 | -€25,873 | -20.4% |
| Deferred charges and accrued income | 490/1 | €2,904 | €4,558 | +€1,654 | +57.0% |
| Total equity and liabilities | 10/49 | €3,421,592 | €4,128,915 | +€707,322 | +20.7% |
| Equity | 10/15 | €3,376,517 | €4,046,038 | +€669,520 | +19.8% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Capital | 10 | €285,000 | €285,000 | = | 0.0% |
| Issued capital | 100 | €285,000 | €285,000 | = | 0.0% |
| Reserves | 13 | €654,987 | €1,324,507 | +€669,520 | +102.2% |
| Non-distributable reserves | 130/1 | €28,508 | €28,508 | = | 0.0% |
| Legal reserve | 130 | €28,508 | €28,508 | = | 0.0% |
| Distributable reserves | 133 | €626,479 | €1,295,999 | +€669,520 | +106.9% |
| Profit (loss) carried forward | 14 | €2,436,531 | €2,436,531 | = | 0.0% |
| Amounts payable | 17/49 | €45,075 | €82,877 | +€37,802 | +83.9% |
| Amounts payable within one year | 42/48 | €45,075 | €82,877 | +€37,802 | +83.9% |
| Trade debts | 44 | €1,295 | €1,694 | +€399 | +30.8% |
| Suppliers | 440/4 | €1,295 | €1,694 | +€399 | +30.8% |
| Taxes, remuneration and social security | 45 | €1,546 | €17,337 | +€15,791 | +1021.2% |
| Taxes | 450/3 | €1,546 | €17,337 | +€15,791 | +1021.2% |
| Other amounts payable | 47/48 | €42,234 | €63,846 | +€21,612 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,978 | €16,560 | -€26,418 | -61.5% |
| Other operating charges | 640/8 | €38,690 | €40,732 | +€2,042 | +5.3% |
| Gross operating margin | 9900 | €253,210 | €207,551 | -€45,659 | -18.0% |
| Operating profit (loss) | 9901 | €171,542 | €150,258 | -€21,283 | -12.4% |
| Financial income | 75/76B | €65,846 | €717,949 | +€652,103 | +990.3% |
| Recurring financial income | 75 | €65,846 | €717,949 | +€652,103 | +990.3% |
| Financial charges | 65/66B | €90 | €8,299 | +€8,209 | +9088.0% |
| Recurring financial charges | 65 | €90 | €8,299 | +€8,209 | +9088.0% |
| Profit (loss) for the period before taxes | 9903 | €237,297 | €859,908 | +€622,610 | +262.4% |
| Income taxes | 67/77 | €60,859 | €126,542 | +€65,683 | +107.9% |
| Profit (loss) for the period | 9904 | €176,439 | €733,366 | +€556,927 | +315.6% |
| Profit (loss) for the period to be appropriated | 9905 | €176,439 | €733,366 | +€556,927 | +315.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.