COFIRANS: 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.
COFIRANS
Largest movements
- Tangible fixed assets -€32,359
down €32,359 (-2.8%), from €1.2m to €1.1m
of which Land and buildings: -€30,982
- Revaluation surpluses -€30,303
down €30,303 (-3.2%), from €939,394 to €909,091
- Reserves +€30,303
up €30,303 (+25.9%), from €116,963 to €147,266
of which Distributable reserves: +€30,303
- Other debts -€19,345
down €19,345 (-5.2%), from €372,819 to €353,475
- Gross operating margin +€26,490
up €26,490 (+60.7%), from €43,653 to €70,144
- Taxes +€25,323
new in 2025: €25,323
- Other operating charges +€2,706
up €2,706 (+44.3%), from €6,115 to €8,821
- Depreciation +€952
up €952 (+3.0%), from €32,026 to €32,978
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 | €1,164,011 | €1,138,834 | -€25,177 | -2.2% |
| Fixed assets | 21/28 | €1,157,967 | €1,124,989 | -€32,978 | -2.8% |
| Intangible fixed assets | 21 | €856 | €237 | -€619 | -72.3% |
| Tangible fixed assets | 22/27 | €1,154,081 | €1,121,722 | -€32,359 | -2.8% |
| Land and buildings | 22 | €1,151,288 | €1,120,307 | -€30,982 | -2.7% |
| Plant, machinery and equipment | 23 | €718 | - | -€718 | |
| Furniture and vehicles | 24 | €2,075 | €1,415 | -€660 | -31.8% |
| Financial fixed assets | 28 | €3,030 | €3,030 | = | 0.0% |
| Current assets | 29/58 | €6,045 | €13,846 | +€7,801 | +129.1% |
| Amounts receivable within one year | 40/41 | €5,556 | €6,527 | +€971 | +17.5% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €5,556 | €1,527 | -€4,029 | -72.5% |
| Cash at bank and in hand | 54/58 | €489 | €4,864 | +€4,375 | +895.2% |
| Deferred charges and accrued income | 490/1 | - | €2,455 | +€2,455 | |
| Total equity and liabilities | 10/49 | €1,164,011 | €1,138,834 | -€25,177 | -2.2% |
| Equity | 10/15 | €768,765 | €771,394 | +€2,629 | +0.3% |
| Contributions | 10/11 | €2,355,000 | €2,355,000 | = | 0.0% |
| Capital | 10 | €2,355,000 | €2,355,000 | = | 0.0% |
| Issued capital | 100 | €2,355,000 | €2,355,000 | = | 0.0% |
| Revaluation surpluses | 12 | €939,394 | €909,091 | -€30,303 | -3.2% |
| Reserves | 13 | €116,963 | €147,266 | +€30,303 | +25.9% |
| Non-distributable reserves | 130/1 | €56,357 | €56,357 | = | 0.0% |
| Legal reserve | 130 | €56,357 | €56,357 | = | 0.0% |
| Distributable reserves | 133 | €60,606 | €90,909 | +€30,303 | +50.0% |
| Profit (loss) carried forward | 14 | -€2,642,592 | -€2,639,963 | +€2,629 | +0.1% |
| Amounts payable | 17/49 | €395,247 | €367,440 | -€27,807 | -7.0% |
| Amounts payable within one year | 42/48 | €395,247 | €367,440 | -€27,807 | -7.0% |
| Trade debts | 44 | €22,428 | €13,966 | -€8,462 | -37.7% |
| Suppliers | 440/4 | €22,428 | €13,966 | -€8,462 | -37.7% |
| Other amounts payable | 47/48 | €372,819 | €353,475 | -€19,345 | -5.2% |
| Non-recurring operating income | 76A | €34,071 | €67,500 | +€33,429 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,026 | €32,978 | +€952 | +3.0% |
| Other operating charges | 640/8 | €6,115 | €8,821 | +€2,706 | +44.3% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €43,653 | €70,144 | +€26,490 | +60.7% |
| Operating profit (loss) | 9901 | €5,512 | €28,344 | +€22,832 | +414.2% |
| Financial charges | 65/66B | €512 | €542 | +€29 | +5.7% |
| Recurring financial charges | 65 | €512 | €542 | +€29 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €5,000 | €27,802 | +€22,802 | +456.0% |
| Income taxes | 67/77 | - | €25,323 | +€25,323 | |
| Profit (loss) for the period | 9904 | €5,000 | €2,479 | -€2,521 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,000 | €2,479 | -€2,521 | -50.4% |
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 8 October 2026 via checked.be.