COFIMPEX: 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.
COFIMPEX
Largest movements
- Cash +€843,688
up €843,688 (+275.2%), from €306,542 to €1.2m
mainly Current investments (+€600,000) and Net result for the year (+€167,564)
- Current investments -€600,000
no longer reported in 2025 (was €600,000)
- Receivables within one year +€39,167
up €39,167 (+204.8%), from €19,122 to €58,289
- Tangible fixed assets -€20,226
down €20,226 (-43.9%), from €46,088 to €25,861
of which Furniture and vehicles: -€13,743
- Reserves +€164,831
up €164,831 (+19.4%), from €847,753 to €1.0m
- Trade debts +€62,542
up €62,542 (+428.9%), from €14,583 to €77,125
- Tax, wage and social debts +€46,033
up €46,033 (+72.7%), from €63,327 to €109,360
of which Taxes: +€24,081
- Turnover +€23,590
up €23,590 (+4.5%), from €526,583 to €550,173
- Financial income +€16,920
up €16,920 (+53525.8%), from €32 to €16,951
- Gross operating margin +€16,828
up €16,828 (+4.6%), from €365,618 to €382,446
- Taxes +€7,962
up €7,962 (+12.3%), from €64,477 to €72,439
- Staff costs +€7,253
up €7,253 (+5.8%), from €125,014 to €132,267
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 | €971,752 | €1,235,112 | +€263,360 | +27.1% |
| Fixed assets | 21/28 | €46,088 | €25,861 | -€20,226 | -43.9% |
| Tangible fixed assets | 22/27 | €46,088 | €25,861 | -€20,226 | -43.9% |
| Plant, machinery and equipment | 23 | €4,678 | €1,066 | -€3,611 | -77.2% |
| Furniture and vehicles | 24 | €29,443 | €15,700 | -€13,743 | -46.7% |
| Other tangible fixed assets | 26 | €11,967 | €9,095 | -€2,872 | -24.0% |
| Current assets | 29/58 | €925,664 | €1,209,250 | +€283,586 | +30.6% |
| Amounts receivable within one year | 40/41 | €19,122 | €58,289 | +€39,167 | +204.8% |
| Trade receivables | 40 | €19,122 | €58,289 | +€39,167 | +204.8% |
| Current investments | 50/53 | €600,000 | - | -€600,000 | |
| Cash at bank and in hand | 54/58 | €306,542 | €1,150,230 | +€843,688 | +275.2% |
| Deferred charges and accrued income | 490/1 | - | €732 | +€732 | |
| Total equity and liabilities | 10/49 | €971,752 | €1,235,112 | +€263,360 | +27.1% |
| Equity | 10/15 | €877,344 | €1,042,176 | +€164,832 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €847,753 | €1,012,584 | +€164,831 | +19.4% |
| Non-distributable reserves | 130/1 | €847,753 | €1,012,584 | +€164,831 | +19.4% |
| Reserves not available under the articles | 1311 | €10,556 | €10,556 | = | 0.0% |
| Other | 1319 | €837,197 | €1,002,028 | +€164,831 | +19.7% |
| Profit (loss) carried forward | 14 | €10,991 | €10,991 | +€0 | 0.0% |
| Amounts payable | 17/49 | €94,408 | €192,936 | +€98,528 | +104.4% |
| Amounts payable after more than one year | 17 | €5,518 | €5,518 | = | 0.0% |
| Other amounts payable | 178/9 | €5,518 | €5,518 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,890 | €187,419 | +€98,528 | +110.8% |
| Trade debts | 44 | €14,583 | €77,125 | +€62,542 | +428.9% |
| Suppliers | 440/4 | €14,583 | €77,125 | +€62,542 | +428.9% |
| Taxes, remuneration and social security | 45 | €63,327 | €109,360 | +€46,033 | +72.7% |
| Taxes | 450/3 | €44,830 | €68,911 | +€24,081 | +53.7% |
| Remuneration and social security | 454/9 | €18,497 | €40,449 | +€21,952 | +118.7% |
| Other amounts payable | 47/48 | €10,981 | €934 | -€10,047 | -91.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Turnover | 70 | €526,583 | €550,173 | +€23,590 | +4.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €160,965 | €167,727 | +€6,762 | +4.2% |
| Remuneration, social security and pensions | 62 | €125,014 | €132,267 | +€7,253 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,656 | €20,226 | -€2,429 | -10.7% |
| Other operating charges | 640/8 | €5,777 | €6,448 | +€671 | +11.6% |
| Gross operating margin | 9900 | €365,618 | €382,446 | +€16,828 | +4.6% |
| Operating profit (loss) | 9901 | €212,171 | €223,504 | +€11,333 | +5.3% |
| Financial income | 75/76B | €32 | €16,951 | +€16,920 | +53525.8% |
| Recurring financial income | 75 | €32 | €16,951 | +€16,920 | +53525.8% |
| Financial charges | 65/66B | €287 | €452 | +€165 | +57.5% |
| Recurring financial charges | 65 | €287 | €452 | +€165 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €211,916 | €240,003 | +€28,088 | +13.3% |
| Income taxes | 67/77 | €64,477 | €72,439 | +€7,962 | +12.3% |
| Profit (loss) for the period | 9904 | €147,438 | €167,564 | +€20,126 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,438 | €167,564 | +€20,126 | +13.7% |
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 4 October 2026 via checked.be.