Cofisca: 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.
Cofisca
Largest movements
- Receivables within one year +€24,505
up €24,505 (+33.4%), from €73,397 to €97,902
of which Other amounts receivable: +€16,800
- Cash +€13,559
up €13,559 (+9.9%), from €137,648 to €151,206
mainly Other debts (+€60,660) and Net result for the year (+€43,880)
- Tangible fixed assets -€11,972
down €11,972 (-28.7%), from €41,711 to €29,738
- Other debts +€60,660
up €60,660 (+471.9%), from €12,856 to €73,516
- Profit (loss) carried forward -€36,120
down €36,120 (-91.7%), from €39,405 to €3,286
- Reserves +€20,000
up €20,000 (+15.9%), from €125,855 to €145,855
of which Distributable reserves: +€20,000
- Tax, wage and social debts -€12,787
down €12,787 (-49.2%), from €25,996 to €13,209
of which Remuneration and social security: -€6,543
- Debts after one year -€10,325
down €10,325 (-70.1%), from €14,719 to €4,394
- Gross operating margin -€50,637
down €50,637 (-22.1%), from €229,257 to €178,620
- Taxes -€13,842
down €13,842 (-47.0%), from €29,471 to €15,628
- Staff costs +€4,292
up €4,292 (+4.3%), from €100,821 to €105,113
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 | €254,725 | €281,548 | +€26,823 | +10.5% |
| Fixed assets | 21/28 | €43,511 | €31,538 | -€11,972 | -27.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €41,711 | €29,738 | -€11,972 | -28.7% |
| Furniture and vehicles | 24 | €41,711 | €29,738 | -€11,972 | -28.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €211,215 | €250,010 | +€38,795 | +18.4% |
| Amounts receivable within one year | 40/41 | €73,397 | €97,902 | +€24,505 | +33.4% |
| Trade receivables | 40 | €73,397 | €81,102 | +€7,705 | +10.5% |
| Other amounts receivable | 41 | - | €16,800 | +€16,800 | |
| Cash at bank and in hand | 54/58 | €137,648 | €151,206 | +€13,559 | +9.9% |
| Deferred charges and accrued income | 490/1 | €170 | €902 | +€732 | +430.8% |
| Total equity and liabilities | 10/49 | €254,725 | €281,548 | +€26,823 | +10.5% |
| Equity | 10/15 | €183,810 | €167,691 | -€16,120 | -8.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €125,855 | €145,855 | +€20,000 | +15.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €124,000 | €144,000 | +€20,000 | +16.1% |
| Profit (loss) carried forward | 14 | €39,405 | €3,286 | -€36,120 | -91.7% |
| Amounts payable | 17/49 | €70,915 | €113,858 | +€42,943 | +60.6% |
| Amounts payable after more than one year | 17 | €14,719 | €4,394 | -€10,325 | -70.1% |
| Financial debts | 170/4 | €14,719 | €4,394 | -€10,325 | -70.1% |
| Amounts payable within one year | 42/48 | €56,195 | €109,463 | +€53,268 | +94.8% |
| Current portion of amounts payable after more than one year | 42 | €10,019 | €10,325 | +€306 | +3.1% |
| Trade debts | 44 | €7,324 | €12,413 | +€5,089 | +69.5% |
| Suppliers | 440/4 | €7,324 | €12,413 | +€5,089 | +69.5% |
| Taxes, remuneration and social security | 45 | €25,996 | €13,209 | -€12,787 | -49.2% |
| Taxes | 450/3 | €13,444 | €7,200 | -€6,244 | -46.4% |
| Remuneration and social security | 454/9 | €12,552 | €6,010 | -€6,543 | -52.1% |
| Other amounts payable | 47/48 | €12,856 | €73,516 | +€60,660 | +471.9% |
| Remuneration, social security and pensions | 62 | €100,821 | €105,113 | +€4,292 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,184 | €13,572 | +€387 | +2.9% |
| Other operating charges | 640/8 | €394 | €357 | -€38 | -9.6% |
| Gross operating margin | 9900 | €229,257 | €178,620 | -€50,637 | -22.1% |
| Operating profit (loss) | 9901 | €114,857 | €59,579 | -€55,279 | -48.1% |
| Financial income | 75/76B | €868 | €953 | +€85 | +9.8% |
| Recurring financial income | 75 | €868 | €953 | +€85 | +9.8% |
| Financial charges | 65/66B | €1,378 | €1,023 | -€355 | -25.8% |
| Recurring financial charges | 65 | €1,378 | €1,023 | -€355 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €114,347 | €59,509 | -€54,838 | -48.0% |
| Income taxes | 67/77 | €29,471 | €15,628 | -€13,842 | -47.0% |
| Profit (loss) for the period | 9904 | €84,877 | €43,880 | -€40,996 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,877 | €43,880 | -€40,996 | -48.3% |
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 1 October 2026 via checked.be.