COFIMACO: 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.
COFIMACO
Largest movements
- Receivables within one year -€9,500
down €9,500 (-8.0%), from €119,030 to €109,530
of which Trade receivables: -€10,659
- Tangible fixed assets -€5,416
down €5,416 (-1.7%), from €318,952 to €313,536
of which Land and buildings: -€11,062
- Debts after one year -€21,835
down €21,835 (-8.5%), from €256,325 to €234,489
- Tax, wage and social debts -€10,793
down €10,793 (-44.4%), from €24,312 to €13,518
of which Taxes: -€8,081
- Trade debts +€10,195
up €10,195 (+18.3%), from €55,677 to €65,873
- Profit (loss) carried forward +€9,308
up €9,308 (+11.2%), from €82,978 to €92,286
- Other debts -€5,000
no longer reported in 2024 (was €5,000)
- Gross operating margin +€5,125
up €5,125 (+4.8%), from €106,075 to €111,201
- Staff costs +€1,813
up €1,813 (+3.1%), from €57,979 to €59,792
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,450 | €439,394 | -€18,055 | -3.9% |
| Fixed assets | 21/28 | €324,717 | €316,892 | -€7,825 | -2.4% |
| Intangible fixed assets | 21 | €5,590 | €3,181 | -€2,409 | -43.1% |
| Tangible fixed assets | 22/27 | €318,952 | €313,536 | -€5,416 | -1.7% |
| Land and buildings | 22 | €309,476 | €298,414 | -€11,062 | -3.6% |
| Furniture and vehicles | 24 | €1,837 | €488 | -€1,349 | -73.4% |
| Assets under construction and advance payments | 27 | €7,639 | €14,635 | +€6,995 | +91.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €132,733 | €122,502 | -€10,231 | -7.7% |
| Amounts receivable within one year | 40/41 | €119,030 | €109,530 | -€9,500 | -8.0% |
| Trade receivables | 40 | €105,351 | €94,692 | -€10,659 | -10.1% |
| Other amounts receivable | 41 | €13,679 | €14,838 | +€1,159 | +8.5% |
| Cash at bank and in hand | 54/58 | €10,265 | €12,972 | +€2,707 | +26.4% |
| Deferred charges and accrued income | 490/1 | €3,438 | - | -€3,438 | |
| Total equity and liabilities | 10/49 | €457,450 | €439,394 | -€18,055 | -3.9% |
| Equity | 10/15 | €91,833 | €101,141 | +€9,308 | +10.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €11,550 | €11,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,978 | €92,286 | +€9,308 | +11.2% |
| Amounts payable | 17/49 | €365,617 | €338,253 | -€27,364 | -7.5% |
| Amounts payable after more than one year | 17 | €256,325 | €234,489 | -€21,835 | -8.5% |
| Financial debts | 170/4 | €256,325 | €234,489 | -€21,835 | -8.5% |
| Amounts payable within one year | 42/48 | €109,292 | €103,764 | -€5,528 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €20,303 | €20,373 | +€70 | +0.3% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €55,677 | €65,873 | +€10,195 | +18.3% |
| Suppliers | 440/4 | €55,677 | €65,873 | +€10,195 | +18.3% |
| Taxes, remuneration and social security | 45 | €24,312 | €13,518 | -€10,793 | -44.4% |
| Taxes | 450/3 | €12,579 | €4,499 | -€8,081 | -64.2% |
| Remuneration and social security | 454/9 | €11,732 | €9,020 | -€2,713 | -23.1% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Non-recurring operating income | 76A | €275 | €11,401 | +€11,126 | +4045.8% |
| Remuneration, social security and pensions | 62 | €57,979 | €59,792 | +€1,813 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,789 | €15,445 | -€344 | -2.2% |
| Other operating charges | 640/8 | €4,652 | €5,712 | +€1,060 | +22.8% |
| Gross operating margin | 9900 | €106,075 | €111,201 | +€5,125 | +4.8% |
| Operating profit (loss) | 9901 | €27,655 | €30,251 | +€2,596 | +9.4% |
| Financial income | 75/76B | €10 | €31 | +€21 | +213.2% |
| Recurring financial income | 75 | €10 | €31 | +€21 | +213.2% |
| Financial charges | 65/66B | €14,178 | €14,242 | +€64 | +0.5% |
| Recurring financial charges | 65 | €14,178 | €14,242 | +€64 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €13,488 | €16,040 | +€2,553 | +18.9% |
| Income taxes | 67/77 | €6,160 | €6,732 | +€572 | +9.3% |
| Profit (loss) for the period | 9904 | €7,327 | €9,308 | +€1,981 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,327 | €9,308 | +€1,981 | +27.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.