COFREMA: 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.
COFREMA
Largest movements
- Receivables within one year +€7,227
up €7,227 (+102654.4%), from €7 to €7,234
of which Other amounts receivable: +€7,227
- Cash -€4,048
down €4,048 (-27.0%), from €14,974 to €10,926
mainly Receivables within one year (-€7,227) and Trade debts (-€1,435)
- Tangible fixed assets -€2,643
down €2,643 (-76.3%), from €3,463 to €821
of which Furniture and vehicles: -€2,643
- Deferred charges and accrued income -€349
down €349 (-9.5%), from €3,678 to €3,329
- Profit (loss) carried forward +€2,955
up €2,955, from -€2,339 to €616
- Trade debts -€1,435
down €1,435 (-45.5%), from €3,156 to €1,721
- Other debts -€1,109
no longer reported in 2025 (was €1,109)
- Tax, wage and social debts -€225
down €225 (-3.9%), from €5,758 to €5,533
- Gross operating margin +€5,766
up €5,766 (+120.3%), from €4,795 to €10,562
- Taxes +€1,426
up €1,426 (+81.7%), from €1,746 to €3,172
- Other operating charges +€262
up €262 (+40.0%), from €655 to €917
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 | €22,123 | €22,310 | +€187 | +0.8% |
| Fixed assets | 21/28 | €3,463 | €821 | -€2,643 | -76.3% |
| Tangible fixed assets | 22/27 | €3,463 | €821 | -€2,643 | -76.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,463 | €821 | -€2,643 | -76.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €18,660 | €21,489 | +€2,829 | +15.2% |
| Amounts receivable within one year | 40/41 | €7 | €7,234 | +€7,227 | +102654.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €7 | €7,234 | +€7,227 | +102654.4% |
| Cash at bank and in hand | 54/58 | €14,974 | €10,926 | -€4,048 | -27.0% |
| Deferred charges and accrued income | 490/1 | €3,678 | €3,329 | -€349 | -9.5% |
| Total equity and liabilities | 10/49 | €22,123 | €22,310 | +€187 | +0.8% |
| Equity | 10/15 | €12,101 | €15,056 | +€2,955 | +24.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €6,380 | €6,380 | = | 0.0% |
| Distributable reserves | 133 | €6,380 | €6,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,339 | €616 | +€2,955 | |
| Amounts payable | 17/49 | €10,022 | €7,253 | -€2,769 | -27.6% |
| Amounts payable within one year | 42/48 | €10,022 | €7,253 | -€2,769 | -27.6% |
| Trade debts | 44 | €3,156 | €1,721 | -€1,435 | -45.5% |
| Suppliers | 440/4 | €3,156 | €1,721 | -€1,435 | -45.5% |
| Taxes, remuneration and social security | 45 | €5,758 | €5,533 | -€225 | -3.9% |
| Taxes | 450/3 | €5,758 | €5,533 | -€225 | -3.9% |
| Other amounts payable | 47/48 | €1,109 | - | -€1,109 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,643 | €2,643 | = | 0.0% |
| Other operating charges | 640/8 | €655 | €917 | +€262 | +40.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €4,795 | €10,562 | +€5,766 | +120.3% |
| Operating profit (loss) | 9901 | €1,498 | €7,002 | +€5,505 | +367.5% |
| Financial income | 75/76B | €4 | €25 | +€22 | +568.1% |
| Recurring financial income | 75 | €4 | €25 | +€22 | +568.1% |
| Financial charges | 65/66B | €84 | €68 | -€17 | -19.9% |
| Recurring financial charges | 65 | €84 | €68 | -€17 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,417 | €6,960 | +€5,543 | +391.1% |
| Income taxes | 67/77 | €1,746 | €3,172 | +€1,426 | +81.7% |
| Profit (loss) for the period | 9904 | -€329 | €3,788 | +€4,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€329 | €3,788 | +€4,117 |
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.