COFINVEST: 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.
COFINVEST
Largest movements
- Tangible fixed assets +€4,924
up €4,924 (+3.3%), from €148,841 to €153,764
of which Land and buildings: +€13,399
- Other debts +€17,648
up €17,648 (+24.3%), from €72,743 to €90,390
- Debts after one year -€8,864
down €8,864 (-56.8%), from €15,600 to €6,736
- Profit (loss) carried forward -€6,921
down €6,921 (-11.5%), from -€60,243 to -€67,163
- Trade debts +€2,986
up €2,986 (+1,659%), from €180 to €3,166
- Depreciation +€913
up €913 (+6.6%), from €13,939 to €14,852
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.
Derived cash bridge
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 | €151,728 | €156,710 | +€4,982 | +3.3% |
| Fixed assets | 21/28 | €149,584 | €154,508 | +€4,924 | +3.3% |
| Tangible fixed assets | 22/27 | €148,841 | €153,764 | +€4,924 | +3.3% |
| Land and buildings | 22 | €140,365 | €153,764 | +€13,399 | +9.5% |
| Assets under construction and advance payments | 27 | €8,475 | - | -€8,475 | |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €2,144 | €2,202 | +€58 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,567 | €1,594 | +€27 | +1.7% |
| Deferred charges and accrued income | 490/1 | €576 | €608 | +€31 | +5.4% |
| Total equity and liabilities | 10/49 | €151,728 | €156,710 | +€4,982 | +3.3% |
| Equity | 10/15 | €54,475 | €47,554 | -€6,921 | -12.7% |
| Contributions | 10/11 | €114,718 | €114,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,243 | -€67,163 | -€6,921 | -11.5% |
| Amounts payable | 17/49 | €97,253 | €109,156 | +€11,903 | +12.2% |
| Amounts payable after more than one year | 17 | €15,600 | €6,736 | -€8,864 | -56.8% |
| Financial debts | 170/4 | €15,600 | €6,736 | -€8,864 | -56.8% |
| Amounts payable within one year | 42/48 | €81,653 | €102,419 | +€20,766 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €8,731 | €8,864 | +€133 | +1.5% |
| Trade debts | 44 | €180 | €3,166 | +€2,986 | +1,659% |
| Suppliers | 440/4 | €180 | €3,166 | +€2,986 | +1,659% |
| Other amounts payable | 47/48 | €72,743 | €90,390 | +€17,648 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,939 | €14,852 | +€913 | +6.6% |
| Other operating charges | 640/8 | €2,251 | €2,322 | +€71 | +3.1% |
| Gross operating margin | 9900 | €10,746 | €10,737 | -€9 | -0.1% |
| Operating profit (loss) | 9901 | -€5,444 | -€6,438 | -€994 | -18.2% |
| Financial charges | 65/66B | €578 | €483 | -€95 | -16.5% |
| Recurring financial charges | 65 | €578 | €483 | -€95 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,022 | -€6,921 | -€898 | -14.9% |
| Profit (loss) for the period | 9904 | -€6,022 | -€6,921 | -€898 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,022 | -€6,921 | -€898 | -14.9% |
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 25 October 2026 via checked.be.