COFORCE: 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.
COFORCE
Largest movements
- Cash +€121,477
up €121,477 (+15494.5%), from €784 to €122,261
mainly Net result for the year (+€103,555) and Current investments (+€72,297)
- Current investments -€72,297
no longer reported in 2025 (was €72,297)
- Deferred charges and accrued income +€50,000
new in 2025: €50,000
- Receivables within one year -€48,335
down €48,335 (-10.5%), from €460,741 to €412,406
of which Other amounts receivable: -€33,815
- Reserves +€103,554
up €103,554 (+66.7%), from €155,178 to €258,732
- Other debts -€29,226
down €29,226 (-10.2%), from €285,752 to €256,526
- Tax, wage and social debts -€21,587
no longer reported in 2025 (was €21,587)
- Accrued charges and deferred income -€19,800
no longer reported in 2025 (was €19,800)
- Trade debts +€17,903
up €17,903 (+310.3%), from €5,770 to €23,673
- Gross operating margin -€36,186
down €36,186 (-20.5%), from €176,691 to €140,505
- Taxes -€21,514
down €21,514 (-37.7%), from €56,991 to €35,477
- Purchases and services +€6,935
up €6,935 (+2.8%), from €251,555 to €258,490
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 | €533,822 | €584,667 | +€50,845 | +9.5% |
| Current assets | 29/58 | €533,822 | €584,667 | +€50,845 | +9.5% |
| Amounts receivable within one year | 40/41 | €460,741 | €412,406 | -€48,335 | -10.5% |
| Trade receivables | 40 | €23,289 | €8,769 | -€14,520 | -62.3% |
| Other amounts receivable | 41 | €437,452 | €403,637 | -€33,815 | -7.7% |
| Current investments | 50/53 | €72,297 | - | -€72,297 | |
| Cash at bank and in hand | 54/58 | €784 | €122,261 | +€121,477 | +15494.5% |
| Deferred charges and accrued income | 490/1 | - | €50,000 | +€50,000 | |
| Total equity and liabilities | 10/49 | €533,822 | €584,667 | +€50,845 | +9.5% |
| Equity | 10/15 | €186,913 | €290,468 | +€103,555 | +55.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,178 | €258,732 | +€103,554 | +66.7% |
| Distributable reserves | 133 | €155,178 | €258,732 | +€103,554 | +66.7% |
| Profit (loss) carried forward | 14 | €25,535 | €25,536 | +€1 | 0.0% |
| Amounts payable | 17/49 | €346,909 | €294,199 | -€52,710 | -15.2% |
| Amounts payable within one year | 42/48 | €327,109 | €294,199 | -€32,910 | -10.1% |
| Financial debts | 43 | €14,000 | €14,000 | = | 0.0% |
| Other loans | 439 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €5,770 | €23,673 | +€17,903 | +310.3% |
| Suppliers | 440/4 | €5,770 | €23,673 | +€17,903 | +310.3% |
| Taxes, remuneration and social security | 45 | €21,587 | - | -€21,587 | |
| Taxes | 450/3 | €21,587 | - | -€21,587 | |
| Other amounts payable | 47/48 | €285,752 | €256,526 | -€29,226 | -10.2% |
| Accrued charges and deferred income | 492/3 | €19,800 | - | -€19,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €251,555 | €258,490 | +€6,935 | +2.8% |
| Other operating charges | 640/8 | €942 | €1,292 | +€350 | +37.2% |
| Gross operating margin | 9900 | €176,691 | €140,505 | -€36,186 | -20.5% |
| Operating profit (loss) | 9901 | €175,749 | €139,213 | -€36,536 | -20.8% |
| Financial income | 75/76B | €1,058 | - | -€1,058 | |
| Recurring financial income | 75 | €1,058 | - | -€1,058 | |
| Financial charges | 65/66B | €447 | €181 | -€266 | -59.5% |
| Recurring financial charges | 65 | €447 | €181 | -€266 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €176,360 | €139,032 | -€37,328 | -21.2% |
| Income taxes | 67/77 | €56,991 | €35,477 | -€21,514 | -37.7% |
| Profit (loss) for the period | 9904 | €119,369 | €103,555 | -€15,814 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,369 | €103,555 | -€15,814 | -13.2% |
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 9 October 2026 via checked.be.