COFIMMO: 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.
COFIMMO
Largest movements
- Tangible fixed assets +€3.2m
up €3.2m (+173.2%), from €1.8m to €5.0m
of which Land and buildings: +€1.6m
- Receivables within one year -€2.2m
down €2.2m (-92.9%), from €2.4m to €170,973
of which Other amounts receivable: -€2.2m
- Financial fixed assets -€71,869
down €71,869 (-5.8%), from €1.2m to €1.2m
- Other debts +€1.1m
up €1.1m (+864259.4%), from €124 to €1.1m
- Profit (loss) carried forward -€199,410
down €199,410 (-7.3%), from €2.7m to €2.5m
- Depreciation +€194,994
up €194,994 (+58503.9%), from €333 to €195,327
- Financial income -€147,117
down €147,117 (-74.3%), from €197,893 to €50,776
- Financial charges +€71,742
up €71,742 (+9880.4%), from €726 to €72,469
of which Non-recurring financial charges: +€71,869
- Other operating charges +€4,498
up €4,498 (+94.9%), from €4,738 to €9,236
- Gross operating margin -€4,075
down €4,075 (-50.3%), from -€8,102 to -€12,177
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,504,124 | €6,370,835 | +€866,711 | +15.7% |
| Fixed assets | 21/28 | €3,076,000 | €6,177,553 | +€3.1m | +100.8% |
| Tangible fixed assets | 22/27 | €1,832,407 | €5,005,829 | +€3.2m | +173.2% |
| Land and buildings | 22 | €595,375 | €2,200,469 | +€1.6m | +269.6% |
| Assets under construction and advance payments | 27 | €1,237,032 | €2,805,360 | +€1.6m | +126.8% |
| Financial fixed assets | 28 | €1,243,593 | €1,171,724 | -€71,869 | -5.8% |
| Current assets | 29/58 | €2,428,124 | €193,283 | -€2.2m | -92.0% |
| Amounts receivable within one year | 40/41 | €2,400,456 | €170,973 | -€2.2m | -92.9% |
| Trade receivables | 40 | €20,809 | €16,650 | -€4,159 | -20.0% |
| Other amounts receivable | 41 | €2,379,647 | €154,323 | -€2.2m | -93.5% |
| Deferred charges and accrued income | 490/1 | €27,668 | €22,310 | -€5,358 | -19.4% |
| Total equity and liabilities | 10/49 | €5,504,124 | €6,370,835 | +€866,711 | +15.7% |
| Equity | 10/15 | €5,374,186 | €5,147,506 | -€226,680 | -4.2% |
| Contributions | 10/11 | €1,894,263 | €1,894,263 | = | 0.0% |
| Revaluation surpluses | 12 | €3,789 | €0 | -€3,789 | -100.0% |
| Reserves | 13 | €755,911 | €732,430 | -€23,481 | -3.1% |
| Non-distributable reserves | 130/1 | €189,561 | €189,561 | = | 0.0% |
| Reserves not available under the articles | 1311 | €189,561 | €189,561 | = | 0.0% |
| Tax-exempt reserves | 132 | €288,865 | €261,596 | -€27,270 | -9.4% |
| Distributable reserves | 133 | €277,485 | €281,274 | +€3,789 | +1.4% |
| Profit (loss) carried forward | 14 | €2,720,222 | €2,520,812 | -€199,410 | -7.3% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €112,641 | €100,931 | -€11,710 | -10.4% |
| Deferred taxes | 168 | €112,641 | €100,931 | -€11,710 | -10.4% |
| Amounts payable | 17/49 | €17,298 | €1,122,399 | +€1.1m | +6388.6% |
| Amounts payable within one year | 42/48 | €17,298 | €1,122,399 | +€1.1m | +6388.6% |
| Trade debts | 44 | €17,141 | €48,432 | +€31,291 | +182.5% |
| Suppliers | 440/4 | €17,141 | €48,432 | +€31,291 | +182.5% |
| Taxes, remuneration and social security | 45 | €32 | €0 | -€32 | -100.0% |
| Taxes | 450/3 | €32 | €0 | -€32 | -100.0% |
| Other amounts payable | 47/48 | €124 | €1,073,967 | +€1.1m | +864259.4% |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €195,327 | +€194,994 | +58503.9% |
| Other operating charges | 640/8 | €4,738 | €9,236 | +€4,498 | +94.9% |
| Gross operating margin | 9900 | -€8,102 | -€12,177 | -€4,075 | -50.3% |
| Operating profit (loss) | 9901 | -€13,173 | -€216,740 | -€203,567 | -1545.3% |
| Financial income | 75/76B | €197,893 | €50,776 | -€147,117 | -74.3% |
| Recurring financial income | 75 | €197,893 | €50,776 | -€147,117 | -74.3% |
| Financial charges | 65/66B | €726 | €72,469 | +€71,742 | +9880.4% |
| Recurring financial charges | 65 | €726 | €600 | -€127 | -17.4% |
| Non-recurring financial charges | 66B | - | €71,869 | +€71,869 | |
| Profit (loss) for the period before taxes | 9903 | €183,994 | -€238,432 | -€422,426 | |
| Transfer from deferred taxes | 780 | €11,710 | €11,710 | = | 0.0% |
| Income taxes | 67/77 | €864 | -€42 | -€906 | |
| Profit (loss) for the period | 9904 | €194,840 | -€226,680 | -€421,520 | |
| Transfer from tax-exempt reserves | 789 | €27,270 | €27,270 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €222,110 | -€199,410 | -€421,520 |
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 30 September 2026 via checked.be.