COFITEC: 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.
COFITEC
Largest movements
- Receivables within one year -€47,659
down €47,659 (-79.4%), from €59,996 to €12,337
of which Trade receivables: -€55,174
- Tangible fixed assets -€19,741
down €19,741 (-65.5%), from €30,116 to €10,375
of which Furniture and vehicles: -€17,547
- Deferred charges and accrued income +€5,000
new in 2025: €5,000
- Profit (loss) carried forward -€68,587
down €68,587 (-24.2%), from -€283,091 to -€351,678
- Other debts +€19,452
up €19,452 (+8.3%), from €235,221 to €254,673
- Trade debts -€13,753
no longer reported in 2025 (was €13,753)
- Gross operating margin -€26,559
down €26,559 (-124.8%), from -€21,284 to -€47,843
- Depreciation -€544
down €544 (-2.7%), from €20,284 to €19,740
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 | €90,708 | €27,748 | -€62,960 | -69.4% |
| Fixed assets | 21/28 | €30,116 | €10,375 | -€19,741 | -65.5% |
| Tangible fixed assets | 22/27 | €30,116 | €10,375 | -€19,741 | -65.5% |
| Plant, machinery and equipment | 23 | €8,101 | €5,907 | -€2,194 | -27.1% |
| Furniture and vehicles | 24 | €22,015 | €4,468 | -€17,547 | -79.7% |
| Current assets | 29/58 | €60,592 | €17,373 | -€43,219 | -71.3% |
| Amounts receivable within one year | 40/41 | €59,996 | €12,337 | -€47,659 | -79.4% |
| Trade receivables | 40 | €59,996 | €4,822 | -€55,174 | -92.0% |
| Other amounts receivable | 41 | - | €7,515 | +€7,515 | |
| Cash at bank and in hand | 54/58 | €596 | €36 | -€560 | -94.0% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €90,708 | €27,748 | -€62,960 | -69.4% |
| Equity | 10/15 | -€158,773 | -€227,360 | -€68,587 | -43.2% |
| Contributions | 10/11 | €106,594 | €106,594 | = | 0.0% |
| Capital | 10 | €106,594 | €106,594 | = | 0.0% |
| Issued capital | 100 | €106,594 | €106,594 | = | 0.0% |
| Reserves | 13 | €17,724 | €17,724 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,724 | €17,724 | = | 0.0% |
| Legal reserve | 130 | €17,724 | €17,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€283,091 | -€351,678 | -€68,587 | -24.2% |
| Amounts payable | 17/49 | €249,481 | €255,108 | +€5,627 | +2.3% |
| Amounts payable within one year | 42/48 | €249,481 | €254,673 | +€5,192 | +2.1% |
| Trade debts | 44 | €13,753 | - | -€13,753 | |
| Suppliers | 440/4 | €13,753 | - | -€13,753 | |
| Taxes, remuneration and social security | 45 | €507 | - | -€507 | |
| Taxes | 450/3 | €507 | - | -€507 | |
| Other amounts payable | 47/48 | €235,221 | €254,673 | +€19,452 | +8.3% |
| Accrued charges and deferred income | 492/3 | - | €435 | +€435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,284 | €19,740 | -€544 | -2.7% |
| Other operating charges | 640/8 | €393 | €682 | +€289 | +73.5% |
| Gross operating margin | 9900 | -€21,284 | -€47,843 | -€26,559 | -124.8% |
| Operating profit (loss) | 9901 | -€41,961 | -€68,265 | -€26,304 | -62.7% |
| Financial charges | 65/66B | €302 | €322 | +€20 | +6.6% |
| Recurring financial charges | 65 | €302 | €322 | +€20 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,263 | -€68,587 | -€26,324 | -62.3% |
| Profit (loss) for the period | 9904 | -€42,263 | -€68,587 | -€26,324 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,263 | -€68,587 | -€26,324 | -62.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.