COFINIM: 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.
What changed
COFINIM
NACE 69.101, Activities of lawyers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,338
2024 · -€50,003+€33,665
Equity
-€8,768
2024 · €7,570-€16,338
Cash
€4,420
2024 · €6,189-€1,769
Balance sheet total
€1.1m
2024 · €1.1m+€7,958
Largest movements
Assets
- Receivables after one year +€25,587
up €25,587 (+16.0%), from €160,092 to €185,679
- Tangible fixed assets -€20,798
down €20,798 (-2.2%), from €956,108 to €935,310
of which Land and buildings: -€19,099
Equity and liabilities
- Debts after one year -€55,155
down €55,155 (-9.2%), from €600,563 to €545,408
- Other debts +€54,808
up €54,808 (+11.1%), from €492,098 to €546,906
- Current portion of long-term debt +€31,613
new in 2025: €31,613
- Profit (loss) carried forward -€16,338
down €16,338 (-2.1%), from -€791,185 to -€807,523
Income statement
- Gross operating margin +€25,875
up €25,875 (+371.2%), from €6,971 to €32,846
- Financial charges -€3,652
down €3,652 (-14.2%), from €25,643 to €21,991
- Financial income +€2,523
up €2,523 (+892.9%), from €283 to €2,806
- Depreciation -€1,912
down €1,912 (-8.1%), from €23,575 to €21,663
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.
Result 2024
-€50,003
Gross operating margin
+€25,875
Depreciation
+€1,912
Other operating charges
-€191
Other operating items
-€92
Financial income
+€2,523
Financial charges
+€3,652
Taxes
-€13
Result 2025
-€16,338
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.
From operations
+€22,638
Investment
-€866
Financing
-€23,542
Cash 2024
€6,189
From operations (derived)
+€22,638
Net result for the year
-€16,338
Depreciation
+€21,663
Receivables after one year
-€25,587
Receivables within one year
-€3,457
Deferred charges and accrued income
-€1,481
Trade debts
-€4,759
Tax, wage and social debts
+€3,789
Other debts
+€54,808
Accrued charges and deferred income
-€6,000
Investment (derived)
-€866
Investment in fixed assets (net)
-€866
Financing
-€23,542
Debts after one year
-€55,155
Current portion of long-term debt
+€31,613
Cash 2025
€4,420
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,127,547 | €1,135,505 | +€7,958 | +0.7% |
| Fixed assets | 21/28 | €956,108 | €935,310 | -€20,798 | -2.2% |
| Tangible fixed assets | 22/27 | €956,108 | €935,310 | -€20,798 | -2.2% |
| Land and buildings | 22 | €940,620 | €921,521 | -€19,099 | -2.0% |
| Plant, machinery and equipment | 23 | - | €381 | +€381 | |
| Furniture and vehicles | 24 | €1,437 | €874 | -€563 | -39.2% |
| Other tangible fixed assets | 26 | €14,050 | €12,534 | -€1,516 | -10.8% |
| Current assets | 29/58 | €171,439 | €200,195 | +€28,756 | +16.8% |
| Amounts receivable after more than one year | 29 | €160,092 | €185,679 | +€25,587 | +16.0% |
| Other amounts receivable | 291 | €160,092 | €185,679 | +€25,587 | +16.0% |
| Amounts receivable within one year | 40/41 | €1,563 | €5,020 | +€3,457 | +221.2% |
| Trade receivables | 40 | €79 | - | -€79 | |
| Other amounts receivable | 41 | €1,484 | €5,020 | +€3,535 | +238.2% |
| Cash at bank and in hand | 54/58 | €6,189 | €4,420 | -€1,769 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,595 | €5,076 | +€1,481 | +41.2% |
| Total equity and liabilities | 10/49 | €1,127,547 | €1,135,505 | +€7,958 | +0.7% |
| Equity | 10/15 | €7,570 | -€8,768 | -€16,338 | |
| Contributions | 10/11 | €468,500 | €468,500 | = | 0.0% |
| Capital | 10 | €468,500 | - | -€468,500 | |
| Issued capital | 100 | €468,500 | - | -€468,500 | |
| Revaluation surpluses | 12 | €292,041 | €292,041 | = | 0.0% |
| Reserves | 13 | €38,214 | €38,214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49 | €49 | = | 0.0% |
| Legal reserve | 130 | €49 | - | -€49 | |
| Reserves not available under the articles | 1311 | - | €49 | +€49 | |
| Distributable reserves | 133 | €38,166 | €38,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€791,185 | -€807,523 | -€16,338 | -2.1% |
| Amounts payable | 17/49 | €1,119,977 | €1,144,273 | +€24,297 | +2.2% |
| Amounts payable after more than one year | 17 | €600,563 | €545,408 | -€55,155 | -9.2% |
| Financial debts | 170/4 | €600,563 | €545,408 | -€55,155 | -9.2% |
| Amounts payable within one year | 42/48 | €506,214 | €591,665 | +€85,451 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | - | €31,613 | +€31,613 | |
| Trade debts | 44 | €14,010 | €9,251 | -€4,759 | -34.0% |
| Suppliers | 440/4 | €14,010 | €9,251 | -€4,759 | -34.0% |
| Taxes, remuneration and social security | 45 | €106 | €3,895 | +€3,789 | +3572.0% |
| Taxes | 450/3 | €106 | €3,895 | +€3,789 | +3572.0% |
| Other amounts payable | 47/48 | €492,098 | €546,906 | +€54,808 | +11.1% |
| Accrued charges and deferred income | 492/3 | €13,200 | €7,200 | -€6,000 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,575 | €21,663 | -€1,912 | -8.1% |
| Other operating charges | 640/8 | €7,877 | €8,068 | +€191 | +2.4% |
| Non-recurring operating charges | 66A | - | €92 | +€92 | |
| Gross operating margin | 9900 | €6,971 | €32,846 | +€25,875 | +371.2% |
| Operating profit (loss) | 9901 | -€24,481 | €3,022 | +€27,503 | |
| Financial income | 75/76B | €283 | €2,806 | +€2,523 | +892.9% |
| Recurring financial income | 75 | €283 | €2,806 | +€2,523 | +892.9% |
| Financial charges | 65/66B | €25,643 | €21,991 | -€3,652 | -14.2% |
| Recurring financial charges | 65 | €25,643 | €21,991 | -€3,652 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,842 | -€16,163 | +€33,678 | +67.6% |
| Income taxes | 67/77 | €162 | €175 | +€13 | +8.0% |
| Profit (loss) for the period | 9904 | -€50,003 | -€16,338 | +€33,665 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,003 | -€16,338 | +€33,665 | +67.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.