COFISYS: 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.
COFISYS
Largest movements
- Receivables within one year -€29,500
down €29,500 (-13.2%), from €223,620 to €194,120
of which Other amounts receivable: -€95,250
- Receivables after one year -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Tangible fixed assets -€10,335
down €10,335 (-25.7%), from €40,283 to €29,947
of which Leasing and similar rights: -€9,326
- Cash +€5,044
up €5,044 (+9,153%), from €55 to €5,099
mainly Receivables within one year (+€29,500) and Receivables after one year (+€20,000)
- Other debts -€24,962
down €24,962 (-11.9%), from €209,039 to €184,077
- Short-term financial debts -€13,530
down €13,530 (-98.4%), from €13,745 to €214
- Current portion of long-term debt -€9,136
down €9,136 (-56.3%), from €16,222 to €7,087
- Debts after one year -€7,747
down €7,747 (-28.0%), from €27,656 to €19,909
- Reserves +€4,243
up €4,243 (+7.4%), from €57,132 to €61,375
of which Distributable reserves: +€4,243
- Gross operating margin +€12,610
up €12,610 (+130%), from €9,716 to €22,326
- Financial income -€7,241
down €7,241 (-100%), from €7,241 to €0
of which Non-recurring financial income: -€7,240
- Taxes +€2,828
up €2,828 (+393%), from €720 to €3,548
- Financial charges -€1,080
down €1,080 (-23.5%), from €4,590 to €3,509
- Other operating charges -€622
down €622 (-66.0%), from €943 to €320
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,980 | €289,167 | -€55,814 | -16.2% |
| Fixed assets | 21/28 | €40,283 | €29,947 | -€10,335 | -25.7% |
| Tangible fixed assets | 22/27 | €40,283 | €29,947 | -€10,335 | -25.7% |
| Plant, machinery and equipment | 23 | €2,127 | €1,591 | -€537 | -25.2% |
| Furniture and vehicles | 24 | €1,412 | €940 | -€472 | -33.5% |
| Leasing and similar rights | 25 | €36,743 | €27,417 | -€9,326 | -25.4% |
| Current assets | 29/58 | €304,698 | €259,219 | -€45,478 | -14.9% |
| Amounts receivable after more than one year | 29 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Trade receivables | 290 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €223,620 | €194,120 | -€29,500 | -13.2% |
| Trade receivables | 40 | €123,345 | €189,095 | +€65,750 | +53.3% |
| Other amounts receivable | 41 | €100,275 | €5,025 | -€95,250 | -95.0% |
| Cash at bank and in hand | 54/58 | €55 | €5,099 | +€5,044 | +9,153% |
| Deferred charges and accrued income | 490/1 | €1,022 | €0 | -€1,022 | -100% |
| Total equity and liabilities | 10/49 | €344,980 | €289,167 | -€55,814 | -16.2% |
| Equity | 10/15 | €69,532 | €74,144 | +€4,612 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,132 | €61,375 | +€4,243 | +7.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,272 | €59,515 | +€4,243 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €369 | +€369 | |
| Amounts payable | 17/49 | €275,449 | €215,022 | -€60,426 | -21.9% |
| Amounts payable after more than one year | 17 | €27,656 | €19,909 | -€7,747 | -28.0% |
| Financial debts | 170/4 | €27,656 | €19,909 | -€7,747 | -28.0% |
| Amounts payable within one year | 42/48 | €247,793 | €195,113 | -€52,679 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €16,222 | €7,087 | -€9,136 | -56.3% |
| Financial debts | 43 | €13,745 | €214 | -€13,530 | -98.4% |
| Credit institutions | 430/8 | €13,745 | €214 | -€13,530 | -98.4% |
| Trade debts | 44 | €3,404 | €1,049 | -€2,354 | -69.2% |
| Suppliers | 440/4 | €3,404 | €1,049 | -€2,354 | -69.2% |
| Taxes, remuneration and social security | 45 | €5,383 | €2,686 | -€2,697 | -50.1% |
| Taxes | 450/3 | €5,383 | €2,686 | -€2,697 | -50.1% |
| Other amounts payable | 47/48 | €209,039 | €184,077 | -€24,962 | -11.9% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,335 | €10,335 | = | 0.0% |
| Other operating charges | 640/8 | €943 | €320 | -€622 | -66.0% |
| Gross operating margin | 9900 | €9,716 | €22,326 | +€12,610 | +130% |
| Operating profit (loss) | 9901 | -€1,562 | €11,670 | +€13,232 | |
| Financial income | 75/76B | €7,241 | €0 | -€7,241 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Non-recurring financial income | 76B | €7,240 | - | -€7,240 | |
| Financial charges | 65/66B | €4,590 | €3,509 | -€1,080 | -23.5% |
| Recurring financial charges | 65 | €4,590 | €3,509 | -€1,080 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €1,090 | €8,161 | +€7,071 | +649% |
| Income taxes | 67/77 | €720 | €3,548 | +€2,828 | +393% |
| Profit (loss) for the period | 9904 | €369 | €4,612 | +€4,243 | +1,149% |
| Profit (loss) for the period to be appropriated | 9905 | €369 | €4,612 | +€4,243 | +1,149% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.