COFITREL: 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.
COFITREL
Largest movements
- Tangible fixed assets -€194,904
no longer reported in 2023 (was €194,904)
of which Land and buildings: -€190,256
- Cash -€44,652
no longer reported in 2023 (was €44,652)
mainly Other debts (-€273,355)
- Other debts -€273,355
down €273,355 (-89.5%), from €305,452 to €32,097
- Profit (loss) carried forward +€33,790
up €33,790 (+46.9%), from -€72,095 to -€38,306
- Gross operating margin +€216,278
up €216,278 (+1,737%), from €12,452 to €228,730
- Depreciation -€9,524
no longer reported in 2023 (was €9,524)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,556 | - | -€239,556 | |
| Fixed assets | 21/28 | €194,904 | - | -€194,904 | |
| Tangible fixed assets | 22/27 | €194,904 | - | -€194,904 | |
| Land and buildings | 22 | €190,256 | - | -€190,256 | |
| Plant, machinery and equipment | 23 | €4,649 | - | -€4,649 | |
| Current assets | 29/58 | €44,652 | - | -€44,652 | |
| Cash at bank and in hand | 54/58 | €44,652 | - | -€44,652 | |
| Total equity and liabilities | 10/49 | €239,556 | €0 | -€239,556 | -100% |
| Equity | 10/15 | -€65,895 | -€32,106 | +€33,790 | +51.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,095 | -€38,306 | +€33,790 | +46.9% |
| Amounts payable | 17/49 | €305,452 | €32,106 | -€273,346 | -89.5% |
| Amounts payable within one year | 42/48 | €305,452 | €32,106 | -€273,346 | -89.5% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Other amounts payable | 47/48 | €305,452 | €32,097 | -€273,355 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,524 | - | -€9,524 | |
| Non-recurring operating charges | 66A | - | €194,904 | +€194,904 | |
| Gross operating margin | 9900 | €12,452 | €228,730 | +€216,278 | +1,737% |
| Operating profit (loss) | 9901 | €2,928 | €33,826 | +€30,898 | +1,055% |
| Financial charges | 65/66B | €36 | €36 | = | 0.0% |
| Recurring financial charges | 65 | €36 | €36 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,892 | €33,790 | +€30,898 | +1,068% |
| Profit (loss) for the period | 9904 | €2,892 | €33,790 | +€30,898 | +1,068% |
| Profit (loss) for the period to be appropriated | 9905 | €2,892 | €33,790 | +€30,898 | +1,068% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.