CoFMa: 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.
CoFMa
Largest movements
- Deferred charges and accrued income -€29,811
down €29,811 (-92.4%), from €32,274 to €2,463
- Cash +€24,603
up €24,603 (+155.7%), from €15,802 to €40,405
mainly Deferred charges and accrued income (+€29,811) and Depreciation (+€16,746)
- Tangible fixed assets -€15,336
down €15,336 (-39.7%), from €38,677 to €23,341
of which Furniture and vehicles: -€12,272
- Receivables within one year -€8,552
down €8,552 (-27.8%), from €30,747 to €22,195
- Trade debts -€29,890
down €29,890 (-59.4%), from €50,351 to €20,461
- Tax, wage and social debts -€10,806
down €10,806 (-58.3%), from €18,533 to €7,727
- Profit (loss) carried forward +€6,653
up €6,653 (+145.7%), from €4,565 to €11,218
- Other debts +€4,946
up €4,946 (+60.1%), from €8,227 to €13,173
- Gross operating margin -€13,374
down €13,374 (-34.3%), from €38,941 to €25,567
- Taxes -€1,320
down €1,320 (-38.9%), from €3,390 to €2,070
- Financial charges -€1,015
down €1,015 (-90.9%), from €1,116 to €101
- Other operating charges -€645
no longer reported in 2024 (was €645)
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.
Cash bridge derived
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 | €117,501 | €88,404 | -€29,096 | -24.8% |
| Fixed assets | 21/28 | €38,677 | €23,341 | -€15,336 | -39.7% |
| Tangible fixed assets | 22/27 | €38,677 | €23,341 | -€15,336 | -39.7% |
| Plant, machinery and equipment | 23 | €10,424 | €7,360 | -€3,065 | -29.4% |
| Furniture and vehicles | 24 | €28,253 | €15,981 | -€12,272 | -43.4% |
| Current assets | 29/58 | €78,823 | €65,064 | -€13,760 | -17.5% |
| Amounts receivable within one year | 40/41 | €30,747 | €22,195 | -€8,552 | -27.8% |
| Trade receivables | 40 | €30,747 | €22,195 | -€8,552 | -27.8% |
| Cash at bank and in hand | 54/58 | €15,802 | €40,405 | +€24,603 | +155.7% |
| Deferred charges and accrued income | 490/1 | €32,274 | €2,463 | -€29,811 | -92.4% |
| Total equity and liabilities | 10/49 | €117,501 | €88,404 | -€29,096 | -24.8% |
| Equity | 10/15 | €40,390 | €47,043 | +€6,653 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,425 | €23,425 | = | 0.0% |
| 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 | €21,565 | €21,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,565 | €11,218 | +€6,653 | +145.7% |
| Amounts payable | 17/49 | €77,111 | €41,362 | -€35,749 | -46.4% |
| Amounts payable within one year | 42/48 | €77,111 | €41,362 | -€35,749 | -46.4% |
| Trade debts | 44 | €50,351 | €20,461 | -€29,890 | -59.4% |
| Suppliers | 440/4 | €50,351 | €20,461 | -€29,890 | -59.4% |
| Taxes, remuneration and social security | 45 | €18,533 | €7,727 | -€10,806 | -58.3% |
| Taxes | 450/3 | €18,533 | €7,727 | -€10,806 | -58.3% |
| Other amounts payable | 47/48 | €8,227 | €13,173 | +€4,946 | +60.1% |
| Non-recurring operating income | 76A | €370 | - | -€370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,003 | €16,746 | -€256 | -1.5% |
| Other operating charges | 640/8 | €645 | - | -€645 | |
| Gross operating margin | 9900 | €38,941 | €25,567 | -€13,374 | -34.3% |
| Operating profit (loss) | 9901 | €21,293 | €8,821 | -€12,473 | -58.6% |
| Financial income | 75/76B | €28 | €4 | -€25 | -86.9% |
| Recurring financial income | 75 | €28 | €4 | -€25 | -86.9% |
| Financial charges | 65/66B | €1,116 | €101 | -€1,015 | -90.9% |
| Recurring financial charges | 65 | €1,116 | €101 | -€1,015 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €20,206 | €8,723 | -€11,483 | -56.8% |
| Income taxes | 67/77 | €3,390 | €2,070 | -€1,320 | -38.9% |
| Profit (loss) for the period | 9904 | €16,816 | €6,653 | -€10,163 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,816 | €6,653 | -€10,163 | -60.4% |
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 10 October 2026 via checked.be.