COFISK: 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.
COFISK
Largest movements
- Tangible fixed assets +€108,383
up €108,383 (+12.2%), from €889,926 to €998,309
of which Other tangible fixed assets: +€122,505
- Receivables within one year -€87,187
down €87,187 (-42.0%), from €207,390 to €120,203
of which Other amounts receivable: -€101,209
- Other debts -€31,220
down €31,220 (-39.6%), from €78,781 to €47,561
- Investment grants +€21,116
up €21,116 (+20.8%), from €101,493 to €122,609
- Accrued charges and deferred income +€14,000
up €14,000 (+1578.6%), from €887 to €14,887
- Debts after one year -€12,573
down €12,573 (-1.6%), from €792,075 to €779,502
- Gross operating margin +€100,709
up €100,709 (+35.2%), from €285,742 to €386,451
- Staff costs +€68,766
up €68,766 (+38.9%), from €176,840 to €245,605
- Write-downs +€5,082
up €5,082 (+238.9%), from €2,127 to €7,209
- Taxes +€4,870
up €4,870 (+55.4%), from €8,783 to €13,653
- Depreciation +€3,993
up €3,993 (+10.3%), from €38,853 to €42,847
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 | €1,181,353 | €1,200,489 | +€19,135 | +1.6% |
| Fixed assets | 21/28 | €890,129 | €998,359 | +€108,230 | +12.2% |
| Intangible fixed assets | 21 | €152 | - | -€152 | |
| Tangible fixed assets | 22/27 | €889,926 | €998,309 | +€108,383 | +12.2% |
| Land and buildings | 22 | €881,024 | €847,668 | -€33,355 | -3.8% |
| Furniture and vehicles | 24 | €79 | €19,311 | +€19,233 | +24481.7% |
| Other tangible fixed assets | 26 | €8,824 | €131,329 | +€122,505 | +1388.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €291,225 | €202,130 | -€89,095 | -30.6% |
| Amounts receivable within one year | 40/41 | €207,390 | €120,203 | -€87,187 | -42.0% |
| Trade receivables | 40 | €47,294 | €61,316 | +€14,022 | +29.6% |
| Other amounts receivable | 41 | €160,096 | €58,887 | -€101,209 | -63.2% |
| Cash at bank and in hand | 54/58 | €77,370 | €77,739 | +€369 | +0.5% |
| Deferred charges and accrued income | 490/1 | €6,465 | €4,188 | -€2,277 | -35.2% |
| Total equity and liabilities | 10/49 | €1,181,353 | €1,200,489 | +€19,135 | +1.6% |
| Equity | 10/15 | €196,841 | €219,435 | +€22,594 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,000 | €105,000 | +€1,000 | +1.0% |
| Distributable reserves | 133 | €104,000 | €105,000 | +€1,000 | +1.0% |
| Profit (loss) carried forward | 14 | -€27,252 | -€26,774 | +€478 | +1.8% |
| Investment grants | 15 | €101,493 | €122,609 | +€21,116 | +20.8% |
| Amounts payable | 17/49 | €984,512 | €981,054 | -€3,458 | -0.4% |
| Amounts payable after more than one year | 17 | €792,075 | €779,502 | -€12,573 | -1.6% |
| Financial debts | 170/4 | €792,075 | €779,502 | -€12,573 | -1.6% |
| Amounts payable within one year | 42/48 | €191,551 | €186,665 | -€4,886 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €50,464 | €61,815 | +€11,351 | +22.5% |
| Financial debts | 43 | €1,710 | €1,702 | -€8 | -0.5% |
| Credit institutions | 430/8 | €1,710 | €1,702 | -€8 | -0.5% |
| Trade debts | 44 | €991 | €6,522 | +€5,531 | +558.1% |
| Suppliers | 440/4 | €991 | €6,522 | +€5,531 | +558.1% |
| Taxes, remuneration and social security | 45 | €59,605 | €69,066 | +€9,461 | +15.9% |
| Taxes | 450/3 | €35,607 | €31,063 | -€4,544 | -12.8% |
| Remuneration and social security | 454/9 | €23,998 | €38,003 | +€14,004 | +58.4% |
| Other amounts payable | 47/48 | €78,781 | €47,561 | -€31,220 | -39.6% |
| Accrued charges and deferred income | 492/3 | €887 | €14,887 | +€14,000 | +1578.6% |
| Non-recurring operating income | 76A | €10,739 | - | -€10,739 | |
| Remuneration, social security and pensions | 62 | €176,840 | €245,605 | +€68,766 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,853 | €42,847 | +€3,993 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,127 | €7,209 | +€5,082 | +238.9% |
| Other operating charges | 640/8 | €4,910 | €5,644 | +€734 | +14.9% |
| Non-recurring operating charges | 66A | - | €14,000 | +€14,000 | |
| Gross operating margin | 9900 | €285,742 | €386,451 | +€100,709 | +35.2% |
| Operating profit (loss) | 9901 | €63,012 | €71,146 | +€8,134 | +12.9% |
| Financial income | 75/76B | €4,634 | €8,512 | +€3,878 | +83.7% |
| Recurring financial income | 75 | €4,634 | €8,512 | +€3,878 | +83.7% |
| Financial charges | 65/66B | €37,770 | €34,527 | -€3,243 | -8.6% |
| Recurring financial charges | 65 | €37,770 | €34,527 | -€3,243 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €29,876 | €45,131 | +€15,256 | +51.1% |
| Income taxes | 67/77 | €8,783 | €13,653 | +€4,870 | +55.4% |
| Profit (loss) for the period | 9904 | €21,092 | €31,478 | +€10,386 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,092 | €31,478 | +€10,386 | +49.2% |
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 11 October 2026 via checked.be.