COFRIMO: 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.
COFRIMO
Largest movements
- Tangible fixed assets +€570,610
up €570,610 (+45.2%), from €1.3m to €1.8m
of which Land and buildings: +€298,850
- Receivables within one year -€84,533
down €84,533 (-100%), from €84,533 to €0
- Cash -€34,403
down €34,403 (-75.9%), from €45,332 to €10,930
mainly Debts after one year (-€1.9m) and Investment in fixed assets (net) (-€619,156)
- Contributions +€2.3m
up €2.3m (+683%), from €334,656 to €2.6m
- Debts after one year -€1.9m
down €1.9m (-99.9%), from €1.9m to €2,479
of which Financial debts: -€1.9m
- Other debts +€170,097
up €170,097 (+271%), from €62,836 to €232,932
- Reserves -€109,042
down €109,042 (-82.7%), from €131,809 to €22,766
of which Distributable reserves: -€102,300
- Profit (loss) carried forward +€54,686
up €54,686 (+5.0%), from -€1.1m to -€1.0m
- Gross operating margin -€11,929
down €11,929 (-41.6%), from €28,682 to €16,753
- Financial charges -€433
down €433 (-2.2%), from €19,498 to €19,066
- Depreciation +€353
up €353 (+0.7%), from €48,193 to €48,546
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.
Derived cash bridge
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 | €1,391,226 | €1,843,108 | +€451,882 | +32.5% |
| Fixed assets | 21/28 | €1,261,066 | €1,831,676 | +€570,610 | +45.2% |
| Tangible fixed assets | 22/27 | €1,261,066 | €1,831,676 | +€570,610 | +45.2% |
| Land and buildings | 22 | €1,194,473 | €1,493,323 | +€298,850 | +25.0% |
| Plant, machinery and equipment | 23 | €66,593 | €61,113 | -€5,480 | -8.2% |
| Other tangible fixed assets | 26 | - | €6,448 | +€6,448 | |
| Assets under construction and advance payments | 27 | - | €270,792 | +€270,792 | |
| Current assets | 29/58 | €130,160 | €11,432 | -€118,728 | -91.2% |
| Amounts receivable within one year | 40/41 | €84,533 | €0 | -€84,533 | -100% |
| Trade receivables | 40 | €84,533 | €0 | -€84,533 | -100% |
| Cash at bank and in hand | 54/58 | €45,332 | €10,930 | -€34,403 | -75.9% |
| Deferred charges and accrued income | 490/1 | €294 | €502 | +€208 | +70.7% |
| Total equity and liabilities | 10/49 | €1,391,226 | €1,843,108 | +€451,882 | +32.5% |
| Equity | 10/15 | -€635,603 | €1,596,970 | +€2.2m | |
| Contributions | 10/11 | €334,656 | €2,621,586 | +€2.3m | +683% |
| Capital | 10 | €334,656 | - | -€334,656 | |
| Issued capital | 100 | €334,656 | - | -€334,656 | |
| Reserves | 13 | €131,809 | €22,766 | -€109,042 | -82.7% |
| Non-distributable reserves | 130/1 | €6,743 | €0 | -€6,743 | -100% |
| Legal reserve | 130 | €6,743 | - | -€6,743 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €22,766 | €22,766 | = | 0.0% |
| Distributable reserves | 133 | €102,300 | €0 | -€102,300 | -100% |
| Profit (loss) carried forward | 14 | -€1,102,068 | -€1,047,382 | +€54,686 | +5.0% |
| Amounts payable | 17/49 | €2,026,829 | €246,138 | -€1.8m | -87.9% |
| Amounts payable after more than one year | 17 | €1,936,196 | €2,479 | -€1.9m | -99.9% |
| Financial debts | 170/4 | €1,933,717 | €0 | -€1.9m | -100% |
| Advances received on contracts in progress | 176 | €2,479 | €2,479 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,910 | €239,209 | +€172,299 | +258% |
| Trade debts | 44 | €4,074 | €6,277 | +€2,203 | +54.1% |
| Suppliers | 440/4 | €4,074 | €6,277 | +€2,203 | +54.1% |
| Other amounts payable | 47/48 | €62,836 | €232,932 | +€170,097 | +271% |
| Accrued charges and deferred income | 492/3 | €23,723 | €4,450 | -€19,273 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,193 | €48,546 | +€353 | +0.7% |
| Other operating charges | 640/8 | €3,429 | €3,498 | +€69 | +2.0% |
| Gross operating margin | 9900 | €28,682 | €16,753 | -€11,929 | -41.6% |
| Operating profit (loss) | 9901 | -€22,940 | -€35,291 | -€12,351 | -53.8% |
| Financial charges | 65/66B | €19,498 | €19,066 | -€433 | -2.2% |
| Recurring financial charges | 65 | €19,498 | €19,066 | -€433 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,438 | -€54,356 | -€11,918 | -28.1% |
| Profit (loss) for the period | 9904 | -€42,438 | -€54,356 | -€11,918 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,438 | -€54,356 | -€11,918 | -28.1% |
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 17 October 2026 via checked.be.