COFRANIS: 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.
COFRANIS
Largest movements
- Receivables within one year -€155,417
down €155,417 (-44.6%), from €348,641 to €193,224
of which Other amounts receivable: -€157,018
- Cash +€103,950
up €103,950 (+51.1%), from €203,469 to €307,419
mainly Other debts (+€573,850) and Net result for the year (+€324,336)
- Reserves -€575,750
down €575,750 (-37.4%), from €1.5m to €963,896
- Other debts +€573,850
up €573,850 (+213.3%), from €269,042 to €842,892
- Current portion of long-term debt -€62,022
down €62,022 (-61.3%), from €101,143 to €39,122
- Tax, wage and social debts +€52,172
up €52,172 (+120.9%), from €43,152 to €95,325
- Debts after one year -€51,894
down €51,894 (-42.0%), from €123,478 to €71,585
of which Financial debts: -€39,122
- Financial income +€43,833
up €43,833 (+24.6%), from €178,037 to €221,869
- Depreciation -€27,257
down €27,257 (-56.6%), from €48,162 to €20,905
- Taxes -€6,884
down €6,884 (-8.8%), from €78,057 to €71,173
- Financial charges -€4,816
down €4,816 (-47.4%), from €10,167 to €5,351
- Gross operating margin -€3,908
down €3,908 (-1.9%), from €205,614 to €201,707
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 | €2,101,048 | €2,028,882 | -€72,166 | -3.4% |
| Fixed assets | 21/28 | €1,547,487 | €1,526,582 | -€20,905 | -1.4% |
| Tangible fixed assets | 22/27 | €88,824 | €67,918 | -€20,905 | -23.5% |
| Land and buildings | 22 | €68,087 | €59,177 | -€8,910 | -13.1% |
| Furniture and vehicles | 24 | €20,737 | €8,742 | -€11,995 | -57.8% |
| Financial fixed assets | 28 | €1,458,663 | €1,458,663 | = | 0.0% |
| Current assets | 29/58 | €553,561 | €502,300 | -€51,261 | -9.3% |
| Amounts receivable within one year | 40/41 | €348,641 | €193,224 | -€155,417 | -44.6% |
| Trade receivables | 40 | - | €1,601 | +€1,601 | |
| Other amounts receivable | 41 | €348,641 | €191,623 | -€157,018 | -45.0% |
| Cash at bank and in hand | 54/58 | €203,469 | €307,419 | +€103,950 | +51.1% |
| Deferred charges and accrued income | 490/1 | €1,451 | €1,657 | +€206 | +14.2% |
| Total equity and liabilities | 10/49 | €2,101,048 | €2,028,882 | -€72,166 | -3.4% |
| Equity | 10/15 | €1,552,046 | €976,296 | -€575,750 | -37.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,539,646 | €963,896 | -€575,750 | -37.4% |
| Distributable reserves | 133 | €1,539,646 | €963,896 | -€575,750 | -37.4% |
| Amounts payable | 17/49 | €549,003 | €1,052,586 | +€503,584 | +91.7% |
| Amounts payable after more than one year | 17 | €123,478 | €71,585 | -€51,894 | -42.0% |
| Financial debts | 170/4 | €110,706 | €71,585 | -€39,122 | -35.3% |
| Other amounts payable | 178/9 | €12,772 | - | -€12,772 | |
| Amounts payable within one year | 42/48 | €413,454 | €977,480 | +€564,026 | +136.4% |
| Current portion of amounts payable after more than one year | 42 | €101,143 | €39,122 | -€62,022 | -61.3% |
| Trade debts | 44 | €117 | €142 | +€26 | +21.9% |
| Suppliers | 440/4 | €117 | €142 | +€26 | +21.9% |
| Taxes, remuneration and social security | 45 | €43,152 | €95,325 | +€52,172 | +120.9% |
| Taxes | 450/3 | €43,152 | €95,325 | +€52,172 | +120.9% |
| Other amounts payable | 47/48 | €269,042 | €842,892 | +€573,850 | +213.3% |
| Accrued charges and deferred income | 492/3 | €12,070 | €3,521 | -€8,549 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,162 | €20,905 | -€27,257 | -56.6% |
| Other operating charges | 640/8 | €1,717 | €1,811 | +€94 | +5.5% |
| Gross operating margin | 9900 | €205,614 | €201,707 | -€3,908 | -1.9% |
| Operating profit (loss) | 9901 | €155,735 | €178,991 | +€23,256 | +14.9% |
| Financial income | 75/76B | €178,037 | €221,869 | +€43,833 | +24.6% |
| Recurring financial income | 75 | €178,037 | €221,869 | +€43,833 | +24.6% |
| Financial charges | 65/66B | €10,167 | €5,351 | -€4,816 | -47.4% |
| Recurring financial charges | 65 | €10,167 | €5,351 | -€4,816 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €323,605 | €395,509 | +€71,905 | +22.2% |
| Income taxes | 67/77 | €78,057 | €71,173 | -€6,884 | -8.8% |
| Profit (loss) for the period | 9904 | €245,547 | €324,336 | +€78,789 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €245,547 | €324,336 | +€78,789 | +32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.