COFINPAR: 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
COFINPAR
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €6.2m-€4.0m
Equity
€41.8m
2024 · €39.6m+€2.1m
Cash
€4.1m
2024 · €3.6m+€444,703
Balance sheet total
€54.2m
2024 · €56.3m-€2.1m
Largest movements
Assets
- Current investments -€4.8m
down €4.8m (-20.8%), from €23.1m to €18.3m
- Receivables within one year +€1.1m
up €1.1m (+8.1%), from €13.9m to €15.1m
of which Other amounts receivable: +€783,901
- Financial fixed assets +€615,140
up €615,140 (+4.4%), from €14.0m to €14.6m
of which Other financial fixed assets: +€691,902
Equity and liabilities
- Other debts -€4.5m
down €4.5m (-30.9%), from €14.7m to €10.2m
- Profit (loss) carried forward +€2.1m
up €2.1m (+12.3%), from €17.4m to €19.5m
Income statement
- Financial income -€3.3m
down €3.3m (-46.4%), from €7.1m to €3.8m
of which Non-recurring financial income: -€5.0m
- Financial charges +€602,906
up €602,906 (+212.2%), from €284,159 to €887,065
of which Financial charges: +€632,389
- Services and other goods -€203,521
down €203,521 (-12.0%), from €1.7m to €1.5m
- Taxes +€156,326
up €156,326 (+824.5%), from €18,959 to €175,285
of which Taxes: +€156,326
- Turnover -€126,657
down €126,657 (-9.8%), from €1.3m to €1.2m
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
€6.2m
Turnover
-€126,657
Other operating income
-€3,880
Services and other goods
+€203,521
Staff costs
-€33,403
Depreciation
-€8,759
Other operating charges
+€3,179
Financial income
-€3.3m
Financial charges
-€602,906
Taxes
-€156,326
Result 2025
€2.1m
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
-€3.5m
Investment
+€4.0m
Financing
-€115,205
Cash 2024
€3.6m
From operations (derived)
-€3.5m
Net result for the year
+€2.1m
Depreciation
+€82,582
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€425,802
Trade debts
+€321,982
Tax, wage and social debts
+€1,699
Other debts
-€4.5m
Accrued charges and deferred income
+€74,487
Investment (derived)
+€4.0m
Investment in fixed assets (net)
-€773,304
Current investments
+€4.8m
Financing
-€115,205
Debts after one year
-€135,842
Current portion of long-term debt
+€24,676
Contributions, distributions and other
-€4,039
Cash 2025
€4.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,304,599 | €54,181,884 | -€2.1m | -3.8% |
| Fixed assets | 21/28 | €14,545,377 | €15,236,099 | +€690,722 | +4.7% |
| Intangible fixed assets | 21 | - | €22,470 | +€22,470 | |
| Tangible fixed assets | 22/27 | €544,997 | €598,109 | +€53,113 | +9.7% |
| Land and buildings | 22 | €304,047 | €274,573 | -€29,474 | -9.7% |
| Furniture and vehicles | 24 | €130,154 | €187,991 | +€57,837 | +44.4% |
| Other tangible fixed assets | 26 | €110,795 | €135,545 | +€24,750 | +22.3% |
| Financial fixed assets | 28 | €14,000,380 | €14,615,520 | +€615,140 | +4.4% |
| Affiliated companies | 280/1 | €11,203,084 | €11,126,322 | -€76,763 | -0.7% |
| Participating interests | 280 | €11,203,084 | €11,126,322 | -€76,763 | -0.7% |
| Companies linked by participating interests | 282/3 | €276,854 | €276,854 | = | 0.0% |
| Participating interests | 282 | €276,854 | €276,854 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,520,442 | €3,212,345 | +€691,902 | +27.5% |
| Shares | 284 | €2,520,442 | €3,212,345 | +€691,902 | +27.5% |
| Current assets | 29/58 | €41,759,222 | €38,945,785 | -€2.8m | -6.7% |
| Amounts receivable after more than one year | 29 | €9,159 | €9,159 | = | 0.0% |
| Other amounts receivable | 291 | €9,159 | €9,159 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,941,861 | €15,070,792 | +€1.1m | +8.1% |
| Trade receivables | 40 | €915,540 | €1,260,570 | +€345,030 | +37.7% |
| Other amounts receivable | 41 | €13,026,321 | €13,810,222 | +€783,901 | +6.0% |
| Current investments | 50/53 | €23,143,553 | €18,330,680 | -€4.8m | -20.8% |
| Other investments | 51/53 | €23,143,553 | €18,330,680 | -€4.8m | -20.8% |
| Cash at bank and in hand | 54/58 | €3,608,498 | €4,053,201 | +€444,703 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,056,151 | €1,481,954 | +€425,802 | +40.3% |
| Total equity and liabilities | 10/49 | €56,304,599 | €54,181,884 | -€2.1m | -3.8% |
| Equity | 10/15 | €39,626,118 | €41,764,024 | +€2.1m | +5.4% |
| Contributions | 10/11 | €6,600,000 | €6,600,000 | = | 0.0% |
| Capital | 10 | €6,600,000 | €6,600,000 | = | 0.0% |
| Issued capital | 100 | €6,600,000 | €6,600,000 | = | 0.0% |
| Reserves | 13 | €15,666,349 | €15,666,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €666,349 | €666,349 | = | 0.0% |
| Legal reserve | 130 | €660,000 | €660,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,349 | €6,349 | = | 0.0% |
| Distributable reserves | 133 | €15,000,000 | €15,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,359,770 | €19,497,676 | +€2.1m | +12.3% |
| Amounts payable | 17/49 | €16,678,481 | €12,417,860 | -€4.3m | -25.5% |
| Amounts payable after more than one year | 17 | €784,140 | €648,298 | -€135,842 | -17.3% |
| Financial debts | 170/4 | €784,140 | €648,298 | -€135,842 | -17.3% |
| Credit institutions | 173 | €784,140 | €648,298 | -€135,842 | -17.3% |
| Amounts payable within one year | 42/48 | €15,569,759 | €11,370,493 | -€4.2m | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €111,166 | €135,842 | +€24,676 | +22.2% |
| Trade debts | 44 | €581,249 | €903,230 | +€321,982 | +55.4% |
| Suppliers | 440/4 | €581,249 | €903,230 | +€321,982 | +55.4% |
| Taxes, remuneration and social security | 45 | €167,507 | €169,205 | +€1,699 | +1.0% |
| Taxes | 450/3 | €142,852 | €133,935 | -€8,916 | -6.2% |
| Remuneration and social security | 454/9 | €24,655 | €35,270 | +€10,615 | +43.1% |
| Other amounts payable | 47/48 | €14,709,837 | €10,162,216 | -€4.5m | -30.9% |
| Accrued charges and deferred income | 492/3 | €324,582 | €399,069 | +€74,487 | +22.9% |
| Operating income | 70/76A | €1,313,128 | €1,182,591 | -€130,537 | -9.9% |
| Turnover | 70 | €1,295,182 | €1,168,525 | -€126,657 | -9.8% |
| Other operating income | 74 | €17,946 | €14,066 | -€3,880 | -21.6% |
| Operating charges | 60/66A | €1,948,974 | €1,784,436 | -€164,538 | -8.4% |
| Services and other goods | 61 | €1,691,496 | €1,487,976 | -€203,521 | -12.0% |
| Remuneration, social security and pensions | 62 | €168,371 | €201,774 | +€33,403 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,822 | €82,582 | +€8,759 | +11.9% |
| Other operating charges | 640/8 | €15,284 | €12,106 | -€3,179 | -20.8% |
| Operating profit (loss) | 9901 | -€635,846 | -€601,845 | +€34,001 | +5.3% |
| Financial income | 75/76B | €7,105,022 | €3,806,140 | -€3.3m | -46.4% |
| Recurring financial income | 75 | €2,102,507 | €3,806,140 | +€1.7m | +81.0% |
| Income from financial fixed assets | 750 | €1,087,793 | €2,164,463 | +€1.1m | +99.0% |
| Income from current assets | 751 | €993,103 | €1,636,873 | +€643,769 | +64.8% |
| Other financial income | 752/9 | €21,611 | €4,804 | -€16,807 | -77.8% |
| Non-recurring financial income | 76B | €5,002,515 | €0 | -€5.0m | -100.0% |
| Financial charges | 65/66B | €284,159 | €887,065 | +€602,906 | +212.2% |
| Recurring financial charges | 65 | €160,344 | €792,732 | +€632,389 | +394.4% |
| Debt charges | 650 | €304,185 | €365,305 | +€61,120 | +20.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€171,621 | €0 | +€171,621 | |
| Other financial charges | 652/9 | €27,780 | €427,427 | +€399,648 | +1438.6% |
| Non-recurring financial charges | 66B | €123,815 | €94,332 | -€29,483 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €6,185,017 | €2,317,230 | -€3.9m | -62.5% |
| Income taxes | 67/77 | €18,959 | €175,285 | +€156,326 | +824.5% |
| Taxes | 670/3 | €18,959 | €175,285 | +€156,326 | +824.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €6,166,058 | €2,141,945 | -€4.0m | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,166,058 | €2,141,945 | -€4.0m | -65.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.