COLFIMA: 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.
COLFIMA
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+87.2%), from €229,244 to €429,244
- Current investments -€150,000
down €150,000 (-35.6%), from €421,045 to €271,045
- Cash -€29,363
down €29,363 (-16.7%), from €175,954 to €146,590
mainly Investment in fixed assets (net) (-€200,000) and Contributions, distributions and other (-€131,720)
- Tangible fixed assets -€23,017
down €23,017 (-8.8%), from €261,670 to €238,653
of which Other tangible fixed assets: -€14,976
- Receivables within one year -€22,715
down €22,715 (-48.4%), from €46,953 to €24,238
of which Other amounts receivable: -€26,111
- Reserves -€123,898
down €123,898 (-12.2%), from €1.0m to €892,534
of which Distributable reserves: -€123,898
- Other debts +€84,065
up €84,065 (+590%), from €14,251 to €98,316
- Tax, wage and social debts +€12,186
up €12,186 (+54.1%), from €22,540 to €34,726
- Gross operating margin -€33,494
down €33,494 (-50.3%), from €66,642 to €33,148
- Taxes -€12,948
down €12,948 (-70.1%), from €18,481 to €5,533
- Financial income -€2,859
down €2,859 (-25.4%), from €11,255 to €8,396
- Financial charges +€2,683
up €2,683 (+185%), from €1,449 to €4,132
- Depreciation -€810
down €810 (-3.4%), from €23,827 to €23,017
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 | €1,135,946 | €1,110,019 | -€25,927 | -2.3% |
| Fixed assets | 21/28 | €490,914 | €667,897 | +€176,983 | +36.1% |
| Tangible fixed assets | 22/27 | €261,670 | €238,653 | -€23,017 | -8.8% |
| Furniture and vehicles | 24 | €10,421 | €2,380 | -€8,041 | -77.2% |
| Other tangible fixed assets | 26 | €251,249 | €236,273 | -€14,976 | -6.0% |
| Financial fixed assets | 28 | €229,244 | €429,244 | +€200,000 | +87.2% |
| Current assets | 29/58 | €645,032 | €442,122 | -€202,910 | -31.5% |
| Amounts receivable within one year | 40/41 | €46,953 | €24,238 | -€22,715 | -48.4% |
| Trade receivables | 40 | €13,752 | €17,148 | +€3,396 | +24.7% |
| Other amounts receivable | 41 | €33,201 | €7,090 | -€26,111 | -78.6% |
| Current investments | 50/53 | €421,045 | €271,045 | -€150,000 | -35.6% |
| Cash at bank and in hand | 54/58 | €175,954 | €146,590 | -€29,363 | -16.7% |
| Deferred charges and accrued income | 490/1 | €1,080 | €248 | -€832 | -77.0% |
| Total equity and liabilities | 10/49 | €1,135,946 | €1,110,019 | -€25,927 | -2.3% |
| Equity | 10/15 | €1,050,743 | €925,126 | -€125,617 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,016,432 | €892,534 | -€123,898 | -12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,414 | €147,414 | = | 0.0% |
| Distributable reserves | 133 | €867,158 | €743,260 | -€123,898 | -14.3% |
| Profit (loss) carried forward | 14 | €15,711 | €13,992 | -€1,719 | -10.9% |
| Provisions and deferred taxes | 16 | €43,471 | €43,471 | = | 0.0% |
| Deferred taxes | 168 | €43,471 | €43,471 | = | 0.0% |
| Amounts payable | 17/49 | €41,732 | €141,422 | +€99,690 | +239% |
| Amounts payable within one year | 42/48 | €40,489 | €137,363 | +€96,874 | +239% |
| Trade debts | 44 | €3,698 | €4,321 | +€622 | +16.8% |
| Suppliers | 440/4 | €3,698 | €4,321 | +€622 | +16.8% |
| Taxes, remuneration and social security | 45 | €22,540 | €34,726 | +€12,186 | +54.1% |
| Taxes | 450/3 | €22,540 | €34,726 | +€12,186 | +54.1% |
| Other amounts payable | 47/48 | €14,251 | €98,316 | +€84,065 | +590% |
| Accrued charges and deferred income | 492/3 | €1,243 | €4,059 | +€2,816 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,827 | €23,017 | -€810 | -3.4% |
| Other operating charges | 640/8 | €3,055 | €2,759 | -€296 | -9.7% |
| Gross operating margin | 9900 | €66,642 | €33,148 | -€33,494 | -50.3% |
| Operating profit (loss) | 9901 | €39,759 | €7,372 | -€32,388 | -81.5% |
| Financial income | 75/76B | €11,255 | €8,396 | -€2,859 | -25.4% |
| Recurring financial income | 75 | €11,255 | €8,396 | -€2,859 | -25.4% |
| Financial charges | 65/66B | €1,449 | €4,132 | +€2,683 | +185% |
| Recurring financial charges | 65 | €1,449 | €4,132 | +€2,683 | +185% |
| Profit (loss) for the period before taxes | 9903 | €49,566 | €11,636 | -€37,930 | -76.5% |
| Income taxes | 67/77 | €18,481 | €5,533 | -€12,948 | -70.1% |
| Profit (loss) for the period | 9904 | €31,084 | €6,103 | -€24,981 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,084 | €6,103 | -€24,981 | -80.4% |
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 28 October 2026 via checked.be.