COFYNN: 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.
COFYNN
Largest movements
- Tangible fixed assets -€13,268
down €13,268 (-51.3%), from €25,854 to €12,586
of which Furniture and vehicles: -€12,846
- Cash -€5,899
down €5,899 (-26.0%), from €22,681 to €16,782
mainly Trade debts (-€11,060) and Other debts (-€8,016)
- Receivables within one year -€2,055
down €2,055 (-43.0%), from €4,777 to €2,722
of which Trade receivables: -€2,336
- Trade debts -€11,060
down €11,060 (-94.4%), from €11,715 to €655
- Other debts -€8,016
down €8,016 (-80.7%), from €9,938 to €1,922
- Reserves -€2,000
down €2,000 (-10.1%), from €19,860 to €17,860
of which Non-distributable reserves: -€1,860
- Gross operating margin +€18,234
up €18,234, from -€13,407 to €4,827
- Depreciation -€564
down €564 (-8.1%), from €6,996 to €6,432
- Other operating charges -€190
down €190 (-35.5%), from €536 to €346
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,812 | €32,590 | -€21,222 | -39.4% |
| Fixed assets | 21/28 | €26,354 | €13,086 | -€13,268 | -50.3% |
| Tangible fixed assets | 22/27 | €25,854 | €12,586 | -€13,268 | -51.3% |
| Plant, machinery and equipment | 23 | €2,819 | €2,396 | -€422 | -15.0% |
| Furniture and vehicles | 24 | €23,036 | €10,190 | -€12,846 | -55.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,458 | €19,504 | -€7,954 | -29.0% |
| Amounts receivable within one year | 40/41 | €4,777 | €2,722 | -€2,055 | -43.0% |
| Trade receivables | 40 | €4,049 | €1,713 | -€2,336 | -57.7% |
| Other amounts receivable | 41 | €728 | €1,009 | +€281 | +38.6% |
| Cash at bank and in hand | 54/58 | €22,681 | €16,782 | -€5,899 | -26.0% |
| Total equity and liabilities | 10/49 | €53,812 | €32,590 | -€21,222 | -39.4% |
| Equity | 10/15 | €31,995 | €29,922 | -€2,073 | -6.5% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Contributions outside capital | 11 | €11,200 | - | -€11,200 | |
| Other | 1109/19 | €11,200 | - | -€11,200 | |
| Reserves | 13 | €19,860 | €17,860 | -€2,000 | -10.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €18,000 | €17,860 | -€140 | -0.8% |
| Profit (loss) carried forward | 14 | €935 | €862 | -€73 | -7.8% |
| Amounts payable | 17/49 | €21,818 | €2,668 | -€19,150 | -87.8% |
| Amounts payable within one year | 42/48 | €21,818 | €2,668 | -€19,150 | -87.8% |
| Trade debts | 44 | €11,715 | €655 | -€11,060 | -94.4% |
| Suppliers | 440/4 | €11,715 | €655 | -€11,060 | -94.4% |
| Taxes, remuneration and social security | 45 | €165 | €91 | -€74 | -44.9% |
| Taxes | 450/3 | €165 | €91 | -€74 | -44.9% |
| Other amounts payable | 47/48 | €9,938 | €1,922 | -€8,016 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,996 | €6,432 | -€564 | -8.1% |
| Other operating charges | 640/8 | €536 | €346 | -€190 | -35.5% |
| Gross operating margin | 9900 | -€13,407 | €4,827 | +€18,234 | |
| Operating profit (loss) | 9901 | -€20,939 | -€1,951 | +€18,988 | +90.7% |
| Financial income | 75/76B | €0 | €42 | +€42 | +69,583% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +69,583% |
| Financial charges | 65/66B | €96 | €73 | -€23 | -24.2% |
| Recurring financial charges | 65 | €96 | €73 | -€23 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,035 | -€1,982 | +€19,053 | +90.6% |
| Income taxes | 67/77 | €120 | €91 | -€30 | -24.5% |
| Profit (loss) for the period | 9904 | -€21,155 | -€2,073 | +€19,083 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,155 | -€2,073 | +€19,083 | +90.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.