What changed?
Two fiscal 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.
What changed
COFIMEX
NACE 81.100, Combined facilities support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €16.1m-€15.0m
Equity
€63.9m
2024 · €62.9m+€1.0m
Cash
€3.2m
2024 · €3.7m-€483,345
Balance sheet total
€71.0m
2024 · €69.8m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€7.1m
up €7.1m (+17.5%), from €40.6m to €47.7m
of which Land and buildings: +€7.9m
- Current investments -€3.8m
down €3.8m (-18.4%), from €20.8m to €17.0m
- Receivables within one year -€1.5m
down €1.5m (-51.9%), from €3.0m to €1.4m
of which Other amounts receivable: -€1.5m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€18.5m
down €18.5m (-84.4%), from €21.9m to €3.4m
- Depreciation +€949,162
up €949,162 (+89.0%), from €1.1m to €2.0m
- Financial income -€665,595
down €665,595 (-60.6%), from €1.1m to €431,937
- Taxes -€459,397
down €459,397 (-70.6%), from €651,157 to €191,759
- Provisions +€301,500
up €301,500 (+98.4%), from -€306,500 to -€5,000
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.
Result 2024
€16.1m
Gross operating margin
-€18.5m
Depreciation
-€949,162
Provisions
-€301,500
Other operating charges
+€291,891
Financial income
-€665,595
Financial charges
+€2,263
Taxes
+€459,397
Deferred taxes and other
+€4.6m
Result 2025
€1.0m
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.
From operations
+€4.8m
Investment
-€5.3m
Financing
€0
Cash 2024
€3.7m
From operations (derived)
+€4.8m
Net result for the year
+€1.0m
Depreciation
+€2.0m
Receivables within one year
+€1.5m
Smaller working-capital items
+€4,412
Provisions
+€107,662
Trade debts
-€61,617
Tax, wage and social debts
+€49,221
Accrued charges and deferred income
+€79,200
Investment (derived)
-€5.3m
Investment in fixed assets (net)
-€9.1m
Current investments
+€3.8m
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,798,561 | €71,004,013 | +€1.2m | +1.7% |
| Fixed assets | 21/28 | €42,264,710 | €49,359,753 | +€7.1m | +16.8% |
| Tangible fixed assets | 22/27 | €40,562,193 | €47,657,236 | +€7.1m | +17.5% |
| Land and buildings | 22 | €39,685,160 | €47,559,381 | +€7.9m | +19.8% |
| Plant, machinery and equipment | 23 | €16,844 | €14,484 | -€2,360 | -14.0% |
| Furniture and vehicles | 24 | €10,189 | €8,777 | -€1,411 | -13.9% |
| Assets under construction and advance payments | 27 | €850,000 | €74,594 | -€775,406 | -91.2% |
| Financial fixed assets | 28 | €1,702,517 | €1,702,517 | = | 0.0% |
| Current assets | 29/58 | €27,533,851 | €21,644,260 | -€5.9m | -21.4% |
| Amounts receivable within one year | 40/41 | €2,983,088 | €1,434,348 | -€1.5m | -51.9% |
| Trade receivables | 40 | €56,590 | €20,336 | -€36,255 | -64.1% |
| Other amounts receivable | 41 | €2,926,498 | €1,414,012 | -€1.5m | -51.7% |
| Current investments | 50/53 | €20,825,799 | €16,984,555 | -€3.8m | -18.4% |
| Cash at bank and in hand | 54/58 | €3,699,740 | €3,216,395 | -€483,345 | -13.1% |
| Deferred charges and accrued income | 490/1 | €25,224 | €8,962 | -€16,262 | -64.5% |
| Total equity and liabilities | 10/49 | €69,798,561 | €71,004,013 | +€1.2m | +1.7% |
| Equity | 10/15 | €62,884,880 | €63,927,716 | +€1.0m | +1.7% |
| Contributions | 10/11 | €24,962,277 | €24,962,277 | = | 0.0% |
| Capital | 10 | €16,988,513 | €16,988,513 | = | 0.0% |
| Issued capital | 100 | €16,988,513 | €16,988,513 | = | 0.0% |
| Outside capital | 11 | €7,973,764 | €7,973,764 | = | 0.0% |
| Share premium | 1100/10 | €7,973,764 | €7,973,764 | = | 0.0% |
| Reserves | 13 | €25,072,328 | €25,560,077 | +€487,749 | +1.9% |
| Non-distributable reserves | 130/1 | €1,698,851 | €1,698,851 | = | 0.0% |
| Legal reserve | 130 | €1,698,851 | €1,698,851 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,104,367 | €22,592,116 | +€487,749 | +2.2% |
| Distributable reserves | 133 | €1,269,110 | €1,269,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,850,275 | €13,405,363 | +€555,087 | +4.3% |
| Provisions and deferred taxes | 16 | €6,689,699 | €6,797,361 | +€107,662 | +1.6% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €0 | -€5,000 | -100.0% |
| Other liabilities and charges | 164/5 | €5,000 | €0 | -€5,000 | -100.0% |
| Deferred taxes | 168 | €6,684,699 | €6,797,361 | +€112,662 | +1.7% |
| Amounts payable | 17/49 | €223,982 | €278,935 | +€54,953 | +24.5% |
| Amounts payable within one year | 42/48 | €223,982 | €199,735 | -€24,247 | -10.8% |
| Trade debts | 44 | €146,201 | €84,583 | -€61,617 | -42.1% |
| Suppliers | 440/4 | €146,201 | €84,583 | -€61,617 | -42.1% |
| Taxes, remuneration and social security | 45 | €47,531 | €96,752 | +€49,221 | +103.6% |
| Taxes | 450/3 | €47,531 | €96,752 | +€49,221 | +103.6% |
| Other amounts payable | 47/48 | €30,250 | €18,400 | -€11,850 | -39.2% |
| Accrued charges and deferred income | 492/3 | €0 | €79,200 | +€79,200 | |
| Non-recurring operating income | 76A | €19,417,451 | €1,463,666 | -€18.0m | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066,256 | €2,015,418 | +€949,162 | +89.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€306,500 | -€5,000 | +€301,500 | +98.4% |
| Other operating charges | 640/8 | €779,945 | €488,053 | -€291,891 | -37.4% |
| Gross operating margin | 9900 | €21,903,243 | €3,415,035 | -€18.5m | -84.4% |
| Operating profit (loss) | 9901 | €20,363,542 | €916,564 | -€19.4m | -95.5% |
| Financial income | 75/76B | €1,097,532 | €431,937 | -€665,595 | -60.6% |
| Recurring financial income | 75 | €1,097,532 | €431,937 | -€665,595 | -60.6% |
| Financial charges | 65/66B | €3,506 | €1,243 | -€2,263 | -64.5% |
| Recurring financial charges | 65 | €3,506 | €1,243 | -€2,263 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €21,457,568 | €1,347,258 | -€20.1m | -93.7% |
| Transfer from deferred taxes | 780 | €140,663 | €253,254 | +€112,592 | +80.0% |
| Transfer to deferred taxes | 680 | €4,854,363 | €365,917 | -€4.5m | -92.5% |
| Income taxes | 67/77 | €651,157 | €191,759 | -€459,397 | -70.6% |
| Profit (loss) for the period | 9904 | €16,092,711 | €1,042,836 | -€15.0m | -93.5% |
| Transfer from tax-exempt reserves | 789 | €1,263,988 | €610,001 | -€653,987 | -51.7% |
| Transfer to tax-exempt reserves | 689 | €14,563,088 | €1,097,750 | -€13.5m | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,793,611 | €555,087 | -€2.2m | -80.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.