KOFRA: 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.
KOFRA
Largest movements
- Cash +€84,481
up €84,481 (+423%), from €19,963 to €104,444
mainly Receivables within one year (+€51,583) and Depreciation (+€16,037)
- Receivables within one year -€51,583
down €51,583 (-48.8%), from €105,686 to €54,103
of which Other amounts receivable: -€57,633
- Tangible fixed assets -€16,037
down €16,037 (-7.9%), from €204,273 to €188,235
of which Other tangible fixed assets: -€13,687
- Deferred charges and accrued income -€11,575
down €11,575 (-94.7%), from €12,221 to €646
- Reserves +€11,316
up €11,316 (+5.6%), from €203,582 to €214,897
- Tax, wage and social debts +€11,083
up €11,083 (+229%), from €4,833 to €15,916
- Debts after one year -€8,927
down €8,927 (-10.7%), from €83,242 to €74,315
- Trade debts -€6,486
down €6,486 (-51.9%), from €12,500 to €6,014
- Gross operating margin +€8,093
up €8,093 (+25.8%), from €31,413 to €39,506
- Taxes +€1,913
up €1,913 (+34.7%), from €5,511 to €7,424
- Financial charges +€1,657
up €1,657 (+39.4%), from €4,208 to €5,865
- Depreciation -€1,322
down €1,322 (-7.6%), from €17,360 to €16,037
- Other operating charges +€530
up €530 (+74.7%), from €710 to €1,240
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 | €347,143 | €352,429 | +€5,286 | +1.5% |
| Fixed assets | 21/28 | €204,273 | €188,235 | -€16,037 | -7.9% |
| Tangible fixed assets | 22/27 | €204,273 | €188,235 | -€16,037 | -7.9% |
| Plant, machinery and equipment | 23 | €6 | - | -€6 | |
| Furniture and vehicles | 24 | €8,159 | €5,815 | -€2,344 | -28.7% |
| Other tangible fixed assets | 26 | €196,107 | €182,420 | -€13,687 | -7.0% |
| Current assets | 29/58 | €142,870 | €164,193 | +€21,323 | +14.9% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,686 | €54,103 | -€51,583 | -48.8% |
| Trade receivables | 40 | €11,187 | €17,237 | +€6,050 | +54.1% |
| Other amounts receivable | 41 | €94,499 | €36,866 | -€57,633 | -61.0% |
| Cash at bank and in hand | 54/58 | €19,963 | €104,444 | +€84,481 | +423% |
| Deferred charges and accrued income | 490/1 | €12,221 | €646 | -€11,575 | -94.7% |
| Total equity and liabilities | 10/49 | €347,143 | €352,429 | +€5,286 | +1.5% |
| Equity | 10/15 | €235,941 | €247,257 | +€11,316 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €203,582 | €214,897 | +€11,316 | +5.6% |
| Distributable reserves | 133 | €203,582 | €214,897 | +€11,316 | +5.6% |
| Profit (loss) carried forward | 14 | €19,959 | €19,959 | = | 0.0% |
| Amounts payable | 17/49 | €111,202 | €105,172 | -€6,030 | -5.4% |
| Amounts payable after more than one year | 17 | €83,242 | €74,315 | -€8,927 | -10.7% |
| Financial debts | 170/4 | €83,242 | €74,315 | -€8,927 | -10.7% |
| Amounts payable within one year | 42/48 | €27,959 | €30,857 | +€2,898 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €8,556 | €8,927 | +€371 | +4.3% |
| Trade debts | 44 | €12,500 | €6,014 | -€6,486 | -51.9% |
| Suppliers | 440/4 | €12,500 | €6,014 | -€6,486 | -51.9% |
| Taxes, remuneration and social security | 45 | €4,833 | €15,916 | +€11,083 | +229% |
| Taxes | 450/3 | €4,833 | €15,916 | +€11,083 | +229% |
| Other amounts payable | 47/48 | €2,070 | - | -€2,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,360 | €16,037 | -€1,322 | -7.6% |
| Other operating charges | 640/8 | €710 | €1,240 | +€530 | +74.7% |
| Gross operating margin | 9900 | €31,413 | €39,506 | +€8,093 | +25.8% |
| Operating profit (loss) | 9901 | €13,344 | €22,229 | +€8,885 | +66.6% |
| Financial income | 75/76B | €2,503 | €2,376 | -€127 | -5.1% |
| Recurring financial income | 75 | €2,503 | €2,376 | -€127 | -5.1% |
| Financial charges | 65/66B | €4,208 | €5,865 | +€1,657 | +39.4% |
| Recurring financial charges | 65 | €4,208 | €5,865 | +€1,657 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €11,638 | €18,739 | +€7,101 | +61.0% |
| Income taxes | 67/77 | €5,511 | €7,424 | +€1,913 | +34.7% |
| Profit (loss) for the period | 9904 | €6,127 | €11,316 | +€5,188 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,127 | €11,316 | +€5,188 | +84.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.