COFISERV: 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.
COFISERV
Largest movements
- Tangible fixed assets +€81,434
up €81,434 (+27.9%), from €291,790 to €373,224
of which Furniture and vehicles: +€41,126
- Receivables within one year +€25,608
up €25,608 (+22.6%), from €113,111 to €138,719
of which Trade receivables: +€24,612
- Cash +€18,430
up €18,430 (+12.1%), from €152,829 to €171,259
mainly Depreciation (+€158,669) and Net result for the year (+€80,572)
- Stocks and contracts +€9,358
up €9,358 (+6.6%), from €141,613 to €150,971
- Profit (loss) carried forward +€80,572
new in 2025: €80,572
- Trade debts +€38,476
up €38,476 (+35.7%), from €107,701 to €146,177
- Tax, wage and social debts +€13,426
up €13,426 (+13.3%), from €101,299 to €114,725
of which Remuneration and social security: +€11,381
- Current portion of long-term debt +€11,141
up €11,141 (+26.5%), from €42,066 to €53,207
- Debts after one year -€8,825
down €8,825 (-3.1%), from €285,082 to €276,258
- Staff costs +€67,203
up €67,203 (+35.1%), from €191,365 to €258,568
- Taxes -€30,060
down €30,060 (-62.6%), from €48,050 to €17,990
- Gross operating margin +€29,900
up €29,900 (+5.9%), from €505,576 to €535,476
- Depreciation +€24,331
up €24,331 (+18.1%), from €134,339 to €158,669
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 | €712,035 | €846,825 | +€134,790 | +18.9% |
| Fixed assets | 21/28 | €301,366 | €380,848 | +€79,482 | +26.4% |
| Intangible fixed assets | 21 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Tangible fixed assets | 22/27 | €291,790 | €373,224 | +€81,434 | +27.9% |
| Plant, machinery and equipment | 23 | €210,421 | €250,729 | +€40,308 | +19.2% |
| Furniture and vehicles | 24 | €81,368 | €122,494 | +€41,126 | +50.5% |
| Financial fixed assets | 28 | €1,576 | €1,624 | +€48 | +3.0% |
| Current assets | 29/58 | €410,668 | €465,977 | +€55,309 | +13.5% |
| Stocks and contracts in progress | 3 | €141,613 | €150,971 | +€9,358 | +6.6% |
| Stocks | 30/36 | €141,613 | €150,971 | +€9,358 | +6.6% |
| Amounts receivable within one year | 40/41 | €113,111 | €138,719 | +€25,608 | +22.6% |
| Trade receivables | 40 | €112,335 | €136,947 | +€24,612 | +21.9% |
| Other amounts receivable | 41 | €776 | €1,772 | +€997 | +128.5% |
| Cash at bank and in hand | 54/58 | €152,829 | €171,259 | +€18,430 | +12.1% |
| Deferred charges and accrued income | 490/1 | €3,116 | €5,028 | +€1,912 | +61.4% |
| Total equity and liabilities | 10/49 | €712,035 | €846,825 | +€134,790 | +18.9% |
| Equity | 10/15 | €173,886 | €254,459 | +€80,572 | +46.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €113,886 | €113,886 | = | 0.0% |
| Distributable reserves | 133 | €113,886 | €113,886 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €80,572 | +€80,572 | |
| Amounts payable | 17/49 | €538,148 | €592,366 | +€54,218 | +10.1% |
| Amounts payable after more than one year | 17 | €285,082 | €276,258 | -€8,825 | -3.1% |
| Financial debts | 170/4 | €285,082 | €276,258 | -€8,825 | -3.1% |
| Amounts payable within one year | 42/48 | €251,066 | €314,109 | +€63,043 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €42,066 | €53,207 | +€11,141 | +26.5% |
| Trade debts | 44 | €107,701 | €146,177 | +€38,476 | +35.7% |
| Suppliers | 440/4 | €107,701 | €146,177 | +€38,476 | +35.7% |
| Taxes, remuneration and social security | 45 | €101,299 | €114,725 | +€13,426 | +13.3% |
| Taxes | 450/3 | €72,866 | €74,911 | +€2,045 | +2.8% |
| Remuneration and social security | 454/9 | €28,434 | €39,814 | +€11,381 | +40.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €191,365 | €258,568 | +€67,203 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,339 | €158,669 | +€24,331 | +18.1% |
| Other operating charges | 640/8 | €5,903 | €6,311 | +€408 | +6.9% |
| Gross operating margin | 9900 | €505,576 | €535,476 | +€29,900 | +5.9% |
| Operating profit (loss) | 9901 | €173,969 | €111,928 | -€62,041 | -35.7% |
| Financial income | 75/76B | €174 | €326 | +€152 | +87.2% |
| Recurring financial income | 75 | €174 | €326 | +€152 | +87.2% |
| Financial charges | 65/66B | €12,207 | €13,692 | +€1,485 | +12.2% |
| Recurring financial charges | 65 | €12,207 | €13,692 | +€1,485 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €161,936 | €98,562 | -€63,374 | -39.1% |
| Income taxes | 67/77 | €48,050 | €17,990 | -€30,060 | -62.6% |
| Profit (loss) for the period | 9904 | €113,886 | €80,572 | -€33,314 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,886 | €80,572 | -€33,314 | -29.3% |
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 4 October 2026 via checked.be.