COFYNA: 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
COFYNA
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€60,834
2024 · -€129,916+€190,750
Equity
-€475,292
2024 · -€536,126+€60,834
Cash
€52,426
2024 · €84,243-€31,817
Balance sheet total
€23.5m
2024 · €23.0m+€505,616
Largest movements
Assets
- Stocks and contracts +€259,516
up €259,516 (+1.1%), from €22.7m to €23.0m
Equity and liabilities
- Advances received +€311,722
up €311,722 (+1.8%), from €17.2m to €17.6m
Income statement
- Gross operating margin -€74,100
down €74,100 (-49.3%), from €150,349 to €76,249
- Financial charges -€73,231
down €73,231 (-86.4%), from €84,773 to €11,542
- Financial income -€8,168
down €8,168 (-86.0%), from €9,498 to €1,330
- Write-downs +€4,957
up €4,957, from -€4,957 to €0
- Taxes +€3,929
new in 2025: €3,929
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.
Result 2024
-€129,916
Gross operating margin
-€74,100
Write-downs
-€4,957
Other operating charges
+€2,274
Other operating items
+€206,400
Financial income
-€8,168
Financial charges
+€73,231
Taxes
-€3,929
Result 2025
€60,834
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€231,695
Investment
-€263,704
Financing
+€192
Cash 2024
€84,243
From operations (derived)
+€231,695
Net result for the year
+€60,834
Stocks and contracts
-€259,516
Receivables within one year
-€13,006
Deferred charges and accrued income
-€1,207
Trade debts
-€26,535
Tax, wage and social debts
-€42,673
Advances received
+€311,722
Other debts
+€202,395
Accrued charges and deferred income
-€318
Investment (derived)
-€263,704
Investment in fixed assets (net)
-€63,704
Current investments
-€200,000
Financing
+€192
Short-term financial debts
+€192
Cash 2025
€52,426
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,029,952 | €23,535,568 | +€505,616 | +2.2% |
| Fixed assets | 21/28 | €1,300 | €65,004 | +€63,704 | +4,900% |
| Financial fixed assets | 28 | €1,300 | €65,004 | +€63,704 | +4,900% |
| Current assets | 29/58 | €23,028,652 | €23,470,565 | +€441,913 | +1.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €22,738,093 | €22,997,609 | +€259,516 | +1.1% |
| Contracts in progress | 37 | €22,738,093 | €22,997,609 | +€259,516 | +1.1% |
| Amounts receivable within one year | 40/41 | €206,004 | €219,010 | +€13,006 | +6.3% |
| Trade receivables | 40 | €206,004 | €200,658 | -€5,346 | -2.6% |
| Other amounts receivable | 41 | €0 | €18,352 | +€18,352 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €84,243 | €52,426 | -€31,817 | -37.8% |
| Deferred charges and accrued income | 490/1 | €311 | €1,519 | +€1,207 | +388% |
| Total equity and liabilities | 10/49 | €23,029,952 | €23,535,568 | +€505,616 | +2.2% |
| Equity | 10/15 | -€536,126 | -€475,292 | +€60,834 | +11.3% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Capital | 10 | €62,400 | €62,400 | = | 0.0% |
| Issued capital | 100 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €20,240 | €6,240 | -€14,000 | -69.2% |
| Non-distributable reserves | 130/1 | €6,240 | €6,240 | = | 0.0% |
| Legal reserve | 130 | €6,240 | €6,240 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €0 | -€14,000 | -100% |
| Profit (loss) carried forward | 14 | -€618,766 | -€543,932 | +€74,834 | +12.1% |
| Amounts payable | 17/49 | €23,566,078 | €24,010,861 | +€444,783 | +1.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,565,597 | €24,010,698 | +€445,101 | +1.9% |
| Financial debts | 43 | €0 | €192 | +€192 | |
| Credit institutions | 430/8 | €0 | €192 | +€192 | |
| Trade debts | 44 | €30,103 | €3,569 | -€26,535 | -88.1% |
| Suppliers | 440/4 | €30,103 | €3,569 | -€26,535 | -88.1% |
| Advances received on contracts in progress | 46 | €17,241,557 | €17,553,279 | +€311,722 | +1.8% |
| Taxes, remuneration and social security | 45 | €48,809 | €6,136 | -€42,673 | -87.4% |
| Taxes | 450/3 | €48,809 | €6,136 | -€42,673 | -87.4% |
| Other amounts payable | 47/48 | €6,245,127 | €6,447,522 | +€202,395 | +3.2% |
| Accrued charges and deferred income | 492/3 | €481 | €163 | -€318 | -66.2% |
| Non-recurring operating income | 76A | - | €6,804 | +€6,804 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,957 | €0 | +€4,957 | |
| Other operating charges | 640/8 | €3,548 | €1,273 | -€2,274 | -64.1% |
| Non-recurring operating charges | 66A | €206,400 | €0 | -€206,400 | -100% |
| Gross operating margin | 9900 | €150,349 | €76,249 | -€74,100 | -49.3% |
| Operating profit (loss) | 9901 | -€54,641 | €74,975 | +€129,617 | |
| Financial income | 75/76B | €9,498 | €1,330 | -€8,168 | -86.0% |
| Recurring financial income | 75 | €9,498 | €1,330 | -€8,168 | -86.0% |
| Financial charges | 65/66B | €84,773 | €11,542 | -€73,231 | -86.4% |
| Recurring financial charges | 65 | €84,773 | €11,542 | -€73,231 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | -€129,916 | €64,763 | +€194,679 | |
| Income taxes | 67/77 | - | €3,929 | +€3,929 | |
| Profit (loss) for the period | 9904 | -€129,916 | €60,834 | +€190,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,916 | €60,834 | +€190,750 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.