COFRABELGA: 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.
What changed
COFRABELGA
NACE 41.001, General construction of residential buildings
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€14,923
2023 · €20,666-€5,743
Equity
€45,092
2023 · €30,169+€14,923
Cash
€104,236
2023 · €57,928+€46,308
Balance sheet total
€256,312
2023 · €121,613+€134,699
Largest movements
Assets
- Receivables within one year +€88,391
up €88,391 (+139%), from €63,685 to €152,076
of which Trade receivables: +€139,144
- Cash +€46,308
up €46,308 (+79.9%), from €57,928 to €104,236
mainly Trade debts (+€113,442) and Net result for the year (+€14,923)
Equity and liabilities
- Trade debts +€113,442
up €113,442 (+134%), from €84,556 to €197,998
of which Suppliers: +€113,442
- Profit (loss) carried forward +€14,923
up €14,923 (+49.8%), from €29,977 to €44,900
- Tax, wage and social debts +€6,334
up €6,334 (+91.9%), from €6,889 to €13,223
of which Remuneration and social security: +€6,334
Income statement
- Purchases and services +€773,833
up €773,833 (+112%), from €690,358 to €1.5m
- Turnover -€718,245
no longer reported in 2024 (was €718,245)
- Gross operating margin -€9,249
down €9,249 (-33.2%), from €27,887 to €18,638
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.
Result 2023
€20,666
Gross operating margin
-€9,249
Other operating charges
-€3,024
Financial charges
-€439
Taxes
+€6,969
Result 2024
€14,923
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€46,308
Investment
€0
Financing
€0
Cash 2023
€57,928
From operations (derived)
+€46,308
Net result for the year
+€14,923
Receivables within one year
-€88,391
Trade debts
+€113,442
Tax, wage and social debts
+€6,334
Cash 2024
€104,236
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,613 | €256,312 | +€134,699 | +111% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €121,613 | €256,312 | +€134,699 | +111% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €63,685 | €152,076 | +€88,391 | +139% |
| Trade receivables | 40 | €4,685 | €143,829 | +€139,144 | +2,970% |
| Other amounts receivable | 41 | €59,000 | €8,247 | -€50,753 | -86.0% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €57,928 | €104,236 | +€46,308 | +79.9% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €121,613 | €256,312 | +€134,699 | +111% |
| Equity | 10/15 | €30,169 | €45,092 | +€14,923 | +49.5% |
| Contributions | 10/11 | - | €0 | = | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €191 | €191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €191 | €191 | = | 0.0% |
| Reserves not available under the articles | 1311 | €191 | €191 | = | 0.0% |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €29,977 | €44,900 | +€14,923 | +49.8% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €91,444 | €211,220 | +€119,776 | +131% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €91,444 | €211,220 | +€119,776 | +131% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €84,556 | €197,998 | +€113,442 | +134% |
| Suppliers | 440/4 | €84,556 | €197,998 | +€113,442 | +134% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €6,889 | €13,223 | +€6,334 | +91.9% |
| Taxes | 450/3 | €6,889 | €6,889 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €6,334 | +€6,334 | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €718,245 | - | -€718,245 | |
| Goods, raw materials, services and sundry goods | 60/61 | €690,358 | €1,464,190 | +€773,833 | +112% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €0 | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €50 | €3,074 | +€3,024 | +6,048% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €27,887 | €18,638 | -€9,249 | -33.2% |
| Operating profit (loss) | 9901 | €27,837 | €15,564 | -€12,273 | -44.1% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €153 | €591 | +€439 | +287% |
| Recurring financial charges | 65 | €153 | €591 | +€439 | +287% |
| Profit (loss) for the period before taxes | 9903 | €27,684 | €14,973 | -€12,711 | -45.9% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €7,019 | €50 | -€6,969 | -99.3% |
| Profit (loss) for the period | 9904 | €20,666 | €14,923 | -€5,743 | -27.8% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €20,666 | €14,923 | -€5,743 | -27.8% |
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 14 October 2026 via checked.be.