FER COFRA: 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.
FER COFRA
Largest movements
- Cash +€6,974
up €6,974 (+2,174%), from €321 to €7,295
mainly Net result for the year (+€24,489) and Tax, wage and social debts (+€9,508)
- Receivables within one year -€1,113
down €1,113 (-3.0%), from €37,583 to €36,470
of which Other amounts receivable: -€20,435
- Tangible fixed assets -€543
down €543 (-63.7%), from €853 to €310
of which Furniture and vehicles: -€398
- Tax, wage and social debts +€9,508
up €9,508 (+143%), from €6,637 to €16,145
- Profit (loss) carried forward -€4,083
down €4,083 (-12.8%), from €31,980 to €27,898
- Gross operating margin +€7,702
up €7,702 (+30.0%), from €25,695 to €33,396
- Taxes +€2,747
up €2,747 (+63.4%), from €4,333 to €7,080
- Other operating charges +€636
up €636 (+124%), from €511 to €1,148
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,757 | €44,075 | +€5,318 | +13.7% |
| Fixed assets | 21/28 | €853 | €310 | -€543 | -63.7% |
| Tangible fixed assets | 22/27 | €853 | €310 | -€543 | -63.7% |
| Plant, machinery and equipment | 23 | €347 | €202 | -€145 | -41.8% |
| Furniture and vehicles | 24 | €506 | €108 | -€398 | -78.7% |
| Current assets | 29/58 | €37,904 | €43,765 | +€5,861 | +15.5% |
| Amounts receivable within one year | 40/41 | €37,583 | €36,470 | -€1,113 | -3.0% |
| Trade receivables | 40 | €10,907 | €30,229 | +€19,322 | +177% |
| Other amounts receivable | 41 | €26,676 | €6,241 | -€20,435 | -76.6% |
| Cash at bank and in hand | 54/58 | €321 | €7,295 | +€6,974 | +2,174% |
| Total equity and liabilities | 10/49 | €38,757 | €44,075 | +€5,318 | +13.7% |
| Equity | 10/15 | €31,980 | €27,898 | -€4,083 | -12.8% |
| Profit (loss) carried forward | 14 | €31,980 | €27,898 | -€4,083 | -12.8% |
| Amounts payable | 17/49 | €6,777 | €16,177 | +€9,400 | +139% |
| Amounts payable within one year | 42/48 | €6,777 | €16,177 | +€9,400 | +139% |
| Trade debts | 44 | €139 | €32 | -€107 | -77.0% |
| Suppliers | 440/4 | €139 | €32 | -€107 | -77.0% |
| Taxes, remuneration and social security | 45 | €6,637 | €16,145 | +€9,508 | +143% |
| Taxes | 450/3 | €6,637 | €16,145 | +€9,508 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €543 | +€57 | +11.8% |
| Other operating charges | 640/8 | €511 | €1,148 | +€636 | +124% |
| Non-recurring operating charges | 66A | €6,435 | - | -€6,435 | |
| Gross operating margin | 9900 | €25,695 | €33,396 | +€7,702 | +30.0% |
| Operating profit (loss) | 9901 | €18,263 | €31,705 | +€13,443 | +73.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €98 | €137 | +€39 | +39.5% |
| Recurring financial charges | 65 | €98 | €137 | +€39 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €18,169 | €31,569 | +€13,400 | +73.8% |
| Income taxes | 67/77 | €4,333 | €7,080 | +€2,747 | +63.4% |
| Profit (loss) for the period | 9904 | €13,836 | €24,489 | +€10,653 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,836 | €24,489 | +€10,653 | +77.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.