COFISOPE: 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.
COFISOPE
Largest movements
- Tangible fixed assets +€32,804
up €32,804 (+11.8%), from €277,375 to €310,179
of which Furniture and vehicles: +€39,572
- Current investments +€29,982
up €29,982 (+9.6%), from €311,795 to €341,777
- Reserves +€41,177
up €41,177 (+9.6%), from €429,397 to €470,574
of which Distributable reserves: +€41,177
- Other debts +€20,586
up €20,586 (+10.0%), from €205,215 to €225,801
- Current portion of long-term debt +€9,953
up €9,953 (+82.7%), from €12,035 to €21,988
- Depreciation +€23,245
up €23,245 (+66.5%), from €34,948 to €58,193
- Taxes -€8,313
down €8,313 (-21.2%), from €39,188 to €30,875
- Gross operating margin +€2,780
up €2,780 (+1.6%), from €177,974 to €180,754
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 | €762,547 | €828,067 | +€65,520 | +8.6% |
| Fixed assets | 21/28 | €277,474 | €310,278 | +€32,804 | +11.8% |
| Tangible fixed assets | 22/27 | €277,375 | €310,179 | +€32,804 | +11.8% |
| Land and buildings | 22 | €271,131 | €265,622 | -€5,509 | -2.0% |
| Plant, machinery and equipment | 23 | €3,670 | €2,411 | -€1,258 | -34.3% |
| Furniture and vehicles | 24 | €2,574 | €42,146 | +€39,572 | +1537.3% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €485,073 | €517,789 | +€32,715 | +6.7% |
| Amounts receivable within one year | 40/41 | €153,400 | €156,843 | +€3,443 | +2.2% |
| Trade receivables | 40 | €136,635 | €129,732 | -€6,903 | -5.1% |
| Other amounts receivable | 41 | €16,765 | €27,111 | +€10,346 | +61.7% |
| Current investments | 50/53 | €311,795 | €341,777 | +€29,982 | +9.6% |
| Cash at bank and in hand | 54/58 | €19,878 | €19,169 | -€709 | -3.6% |
| Total equity and liabilities | 10/49 | €762,547 | €828,067 | +€65,520 | +8.6% |
| Equity | 10/15 | €449,397 | €490,574 | +€41,177 | +9.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €429,397 | €470,574 | +€41,177 | +9.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €427,397 | €468,574 | +€41,177 | +9.6% |
| Amounts payable | 17/49 | €313,150 | €337,492 | +€24,343 | +7.8% |
| Amounts payable after more than one year | 17 | €51,446 | €54,662 | +€3,216 | +6.3% |
| Financial debts | 170/4 | €51,446 | €54,662 | +€3,216 | +6.3% |
| Amounts payable within one year | 42/48 | €261,233 | €282,830 | +€21,597 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €12,035 | €21,988 | +€9,953 | +82.7% |
| Trade debts | 44 | €21,196 | €16,575 | -€4,621 | -21.8% |
| Suppliers | 440/4 | €21,196 | €16,575 | -€4,621 | -21.8% |
| Taxes, remuneration and social security | 45 | €22,788 | €18,466 | -€4,322 | -19.0% |
| Taxes | 450/3 | €22,788 | €18,466 | -€4,322 | -19.0% |
| Other amounts payable | 47/48 | €205,215 | €225,801 | +€20,586 | +10.0% |
| Accrued charges and deferred income | 492/3 | €470 | €0 | -€470 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,948 | €58,193 | +€23,245 | +66.5% |
| Other operating charges | 640/8 | €7,110 | €8,806 | +€1,696 | +23.9% |
| Non-recurring operating charges | 66A | - | €1,250 | +€1,250 | |
| Gross operating margin | 9900 | €177,974 | €180,754 | +€2,780 | +1.6% |
| Operating profit (loss) | 9901 | €135,917 | €112,505 | -€23,412 | -17.2% |
| Financial income | 75/76B | €4,736 | €5,909 | +€1,173 | +24.8% |
| Recurring financial income | 75 | €4,736 | €5,909 | +€1,173 | +24.8% |
| Financial charges | 65/66B | €11,343 | €12,862 | +€1,520 | +13.4% |
| Recurring financial charges | 65 | €11,343 | €12,862 | +€1,520 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €129,310 | €105,552 | -€23,758 | -18.4% |
| Income taxes | 67/77 | €39,188 | €30,875 | -€8,313 | -21.2% |
| Profit (loss) for the period | 9904 | €90,121 | €74,677 | -€15,444 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,121 | €74,677 | -€15,444 | -17.1% |
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 2 October 2026 via checked.be.