COFITAX IMMO: 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.
COFITAX IMMO
Largest movements
- Current investments +€30,930
new in 2025: €30,930
- Cash -€30,552
no longer reported in 2025 (was €30,552)
mainly Current investments (-€30,930) and Trade debts (-€15,339)
- Tangible fixed assets -€20,739
down €20,739 (-6.5%), from €317,744 to €297,005
of which Land and buildings: -€20,230
- Receivables within one year +€5,244
up €5,244 (+3.8%), from €139,107 to €144,351
of which Trade receivables: +€4,663
- Trade debts -€15,339
down €15,339 (-88.7%), from €17,301 to €1,962
- Financial income +€1,703
new in 2025: €1,703
- Gross operating margin +€1,503
up €1,503 (+4.7%), from €32,055 to €33,558
- Other operating charges -€564
down €564 (-4.3%), from €13,012 to €12,448
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.
Derived cash bridge
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 | €511,054 | €495,786 | -€15,268 | -3.0% |
| Fixed assets | 21/28 | €317,744 | €297,005 | -€20,739 | -6.5% |
| Tangible fixed assets | 22/27 | €317,744 | €297,005 | -€20,739 | -6.5% |
| Land and buildings | 22 | €317,223 | €296,993 | -€20,230 | -6.4% |
| Furniture and vehicles | 24 | €521 | €12 | -€509 | -97.7% |
| Current assets | 29/58 | €193,310 | €198,781 | +€5,471 | +2.8% |
| Stocks and contracts in progress | 3 | €23,500 | €23,500 | = | 0.0% |
| Stocks | 30/36 | €23,500 | €23,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €139,107 | €144,351 | +€5,244 | +3.8% |
| Trade receivables | 40 | €8,047 | €12,710 | +€4,663 | +57.9% |
| Other amounts receivable | 41 | €131,060 | €131,641 | +€581 | +0.4% |
| Current investments | 50/53 | - | €30,930 | +€30,930 | |
| Cash at bank and in hand | 54/58 | €30,552 | - | -€30,552 | |
| Deferred charges and accrued income | 490/1 | €151 | - | -€151 | |
| Total equity and liabilities | 10/49 | €511,054 | €495,786 | -€15,268 | -3.0% |
| Equity | 10/15 | €493,658 | €493,778 | +€120 | 0.0% |
| Contributions | 10/11 | €98,400 | €98,400 | = | 0.0% |
| Reserves | 13 | €395,505 | €395,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €314,840 | €314,840 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,840 | €314,840 | +€305,000 | +3,100% |
| Other | 1319 | €305,000 | - | -€305,000 | |
| Distributable reserves | 133 | €80,665 | €80,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,949 | -€127 | +€1,822 | +93.5% |
| Investment grants | 15 | €1,702 | - | -€1,702 | |
| Amounts payable | 17/49 | €17,396 | €2,008 | -€15,388 | -88.5% |
| Amounts payable within one year | 42/48 | €17,396 | €2,008 | -€15,388 | -88.5% |
| Trade debts | 44 | €17,301 | €1,962 | -€15,339 | -88.7% |
| Suppliers | 440/4 | €17,301 | €1,962 | -€15,339 | -88.7% |
| Other amounts payable | 47/48 | €95 | €46 | -€49 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,739 | €20,739 | = | 0.0% |
| Other operating charges | 640/8 | €13,012 | €12,448 | -€564 | -4.3% |
| Gross operating margin | 9900 | €32,055 | €33,558 | +€1,503 | +4.7% |
| Operating profit (loss) | 9901 | -€1,696 | €371 | +€2,067 | |
| Financial income | 75/76B | - | €1,703 | +€1,703 | |
| Recurring financial income | 75 | - | €1,703 | +€1,703 | |
| Financial charges | 65/66B | €253 | €252 | -€1 | -0.4% |
| Recurring financial charges | 65 | €253 | €252 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,949 | €1,822 | +€3,771 | |
| Profit (loss) for the period | 9904 | -€1,949 | €1,822 | +€3,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,949 | €1,822 | +€3,771 |
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 1 November 2026 via checked.be.