COFIRES: 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.
COFIRES
Largest movements
- Cash +€118,882
up €118,882 (+66937.8%), from €178 to €119,059
mainly Deferred charges and accrued income (+€66,342) and Receivables within one year (+€59,892)
- Deferred charges and accrued income -€66,342
down €66,342 (-98.3%), from €67,480 to €1,138
- Receivables within one year -€59,892
down €59,892 (-13.5%), from €443,848 to €383,956
of which Other amounts receivable: -€58,086
- Other debts -€58,713
down €58,713 (-49.4%), from €118,913 to €60,200
- Reserves +€43,393
up €43,393 (+18.7%), from €232,082 to €275,475
of which Distributable reserves: +€43,393
- Financial income +€4,874
up €4,874 (+21.6%), from €22,539 to €27,413
- Financial charges +€2,868
up €2,868 (+720.1%), from €398 to €3,267
- Gross operating margin -€2,512
down €2,512 (-3.9%), from €63,622 to €61,110
- Other operating charges +€2,024
up €2,024 (+404.1%), from €501 to €2,524
- Taxes -€809
down €809 (-3.2%), from €25,342 to €24,533
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 | €516,792 | €505,634 | -€11,159 | -2.2% |
| Fixed assets | 21/28 | €5,287 | €1,480 | -€3,806 | -72.0% |
| Tangible fixed assets | 22/27 | €5,287 | €1,480 | -€3,806 | -72.0% |
| Furniture and vehicles | 24 | €5,287 | €1,480 | -€3,806 | -72.0% |
| Current assets | 29/58 | €511,505 | €504,153 | -€7,352 | -1.4% |
| Amounts receivable within one year | 40/41 | €443,848 | €383,956 | -€59,892 | -13.5% |
| Trade receivables | 40 | €3,815 | €2,009 | -€1,806 | -47.3% |
| Other amounts receivable | 41 | €440,033 | €381,947 | -€58,086 | -13.2% |
| Cash at bank and in hand | 54/58 | €178 | €119,059 | +€118,882 | +66937.8% |
| Deferred charges and accrued income | 490/1 | €67,480 | €1,138 | -€66,342 | -98.3% |
| Total equity and liabilities | 10/49 | €516,792 | €505,634 | -€11,159 | -2.2% |
| Equity | 10/15 | €346,230 | €389,623 | +€43,393 | +12.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €232,082 | €275,475 | +€43,393 | +18.7% |
| Non-distributable reserves | 130/1 | €3,576 | €3,576 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,576 | €3,576 | = | 0.0% |
| Distributable reserves | 133 | €228,506 | €271,899 | +€43,393 | +19.0% |
| Profit (loss) carried forward | 14 | €107,951 | €107,951 | = | 0.0% |
| Amounts payable | 17/49 | €170,562 | €116,011 | -€54,551 | -32.0% |
| Amounts payable within one year | 42/48 | €170,562 | €116,011 | -€54,551 | -32.0% |
| Trade debts | 44 | €1,436 | €2,466 | +€1,030 | +71.7% |
| Suppliers | 440/4 | €1,436 | €2,466 | +€1,030 | +71.7% |
| Taxes, remuneration and social security | 45 | €50,213 | €53,345 | +€3,132 | +6.2% |
| Taxes | 450/3 | €50,213 | €53,345 | +€3,132 | +6.2% |
| Other amounts payable | 47/48 | €118,913 | €60,200 | -€58,713 | -49.4% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,062 | €3,806 | -€256 | -6.3% |
| Other operating charges | 640/8 | €501 | €2,524 | +€2,024 | +404.1% |
| Gross operating margin | 9900 | €63,622 | €61,110 | -€2,512 | -3.9% |
| Operating profit (loss) | 9901 | €59,059 | €54,779 | -€4,280 | -7.2% |
| Financial income | 75/76B | €22,539 | €27,413 | +€4,874 | +21.6% |
| Recurring financial income | 75 | €22,539 | €27,413 | +€4,874 | +21.6% |
| Financial charges | 65/66B | €398 | €3,267 | +€2,868 | +720.1% |
| Recurring financial charges | 65 | €398 | €3,267 | +€2,868 | +720.1% |
| Profit (loss) for the period before taxes | 9903 | €81,200 | €78,925 | -€2,275 | -2.8% |
| Income taxes | 67/77 | €25,342 | €24,533 | -€809 | -3.2% |
| Profit (loss) for the period | 9904 | €55,859 | €54,393 | -€1,466 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,859 | €54,393 | -€1,466 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.