KOFECON: 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.
KOFECON
Largest movements
- Cash +€97,226
up €97,226 (+82.2%), from €118,308 to €215,534
mainly Net result for the year (+€84,857) and Depreciation (+€7,147)
- Tangible fixed assets -€7,147
down €7,147 (-26.0%), from €27,520 to €20,373
of which Furniture and vehicles: -€7,147
- Reserves +€84,800
up €84,800 (+31.0%), from €273,400 to €358,200
- Tax, wage and social debts +€4,801
up €4,801 (+27.6%), from €17,425 to €22,226
- Gross operating margin +€14,419
up €14,419 (+13.8%), from €104,610 to €119,029
- Financial income +€4,911
up €4,911 (+209.0%), from €2,350 to €7,262
- Taxes +€4,302
up €4,302 (+14.7%), from €29,223 to €33,526
- Depreciation +€2,751
up €2,751 (+62.6%), from €4,396 to €7,147
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.
Cash bridge derived
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 | €341,251 | €431,098 | +€89,848 | +26.3% |
| Fixed assets | 21/28 | €54,505 | €47,358 | -€7,147 | -13.1% |
| Tangible fixed assets | 22/27 | €27,520 | €20,373 | -€7,147 | -26.0% |
| Furniture and vehicles | 24 | €27,520 | €20,373 | -€7,147 | -26.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €26,985 | €26,985 | = | 0.0% |
| Current assets | 29/58 | €286,745 | €383,740 | +€96,995 | +33.8% |
| Amounts receivable within one year | 40/41 | €41,208 | €38,795 | -€2,413 | -5.9% |
| Trade receivables | 40 | €41,208 | €38,795 | -€2,413 | -5.9% |
| Current investments | 50/53 | €120,000 | €124,000 | +€4,000 | +3.3% |
| Cash at bank and in hand | 54/58 | €118,308 | €215,534 | +€97,226 | +82.2% |
| Deferred charges and accrued income | 490/1 | €7,229 | €5,411 | -€1,818 | -25.1% |
| Total equity and liabilities | 10/49 | €341,251 | €431,098 | +€89,848 | +26.3% |
| Equity | 10/15 | €279,996 | €364,853 | +€84,857 | +30.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,400 | €358,200 | +€84,800 | +31.0% |
| Distributable reserves | 133 | €273,400 | €358,200 | +€84,800 | +31.0% |
| Profit (loss) carried forward | 14 | €396 | €453 | +€57 | +14.5% |
| Amounts payable | 17/49 | €61,255 | €66,245 | +€4,990 | +8.1% |
| Amounts payable within one year | 42/48 | €60,123 | €66,245 | +€6,122 | +10.2% |
| Trade debts | 44 | €287 | €2,374 | +€2,087 | +726.4% |
| Suppliers | 440/4 | €287 | €2,374 | +€2,087 | +726.4% |
| Taxes, remuneration and social security | 45 | €17,425 | €22,226 | +€4,801 | +27.6% |
| Taxes | 450/3 | €17,425 | €22,226 | +€4,801 | +27.6% |
| Other amounts payable | 47/48 | €42,411 | €41,645 | -€766 | -1.8% |
| Accrued charges and deferred income | 492/3 | €1,131 | - | -€1,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,396 | €7,147 | +€2,751 | +62.6% |
| Other operating charges | 640/8 | €603 | €610 | +€7 | +1.2% |
| Gross operating margin | 9900 | €104,610 | €119,029 | +€14,419 | +13.8% |
| Operating profit (loss) | 9901 | €99,611 | €111,271 | +€11,660 | +11.7% |
| Financial income | 75/76B | €2,350 | €7,262 | +€4,911 | +209.0% |
| Recurring financial income | 75 | €2,350 | €7,262 | +€4,911 | +209.0% |
| Financial charges | 65/66B | €113 | €150 | +€36 | +31.9% |
| Recurring financial charges | 65 | €113 | €150 | +€36 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €101,848 | €118,383 | +€16,536 | +16.2% |
| Income taxes | 67/77 | €29,223 | €33,526 | +€4,302 | +14.7% |
| Profit (loss) for the period | 9904 | €72,624 | €84,857 | +€12,233 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,624 | €84,857 | +€12,233 | +16.8% |
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 12 October 2026 via checked.be.