COFACO: 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.
COFACO
Largest movements
- Receivables within one year +€10,131
up €10,131 (+246%), from €4,114 to €14,245
of which Trade receivables: +€8,228
- Cash +€7,317
up €7,317 (+6.4%), from €114,716 to €122,033
mainly Net result for the year (+€54,012) and Tax, wage and social debts (+€2,108)
- Reserves +€34,012
up €34,012 (+60.2%), from €56,538 to €90,550
- Other debts -€19,819
down €19,819 (-49.5%), from €40,007 to €20,188
- Tax, wage and social debts +€2,108
up €2,108 (+11.3%), from €18,643 to €20,751
of which Taxes: +€2,108
- Gross operating margin +€12,407
up €12,407 (+20.2%), from €61,448 to €73,855
- Taxes +€4,865
up €4,865 (+37.0%), from €13,133 to €17,998
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 | €121,251 | €137,904 | +€16,653 | +13.7% |
| Fixed assets | 21/28 | €2,315 | €1,626 | -€689 | -29.8% |
| Tangible fixed assets | 22/27 | €1,280 | €591 | -€689 | -53.8% |
| Furniture and vehicles | 24 | €1,280 | €591 | -€689 | -53.8% |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €118,936 | €136,278 | +€17,342 | +14.6% |
| Amounts receivable within one year | 40/41 | €4,114 | €14,245 | +€10,131 | +246% |
| Trade receivables | 40 | €4,114 | €12,342 | +€8,228 | +200% |
| Other amounts receivable | 41 | - | €1,903 | +€1,903 | |
| Cash at bank and in hand | 54/58 | €114,716 | €122,033 | +€7,317 | +6.4% |
| Deferred charges and accrued income | 490/1 | €106 | €0 | -€106 | -100% |
| Total equity and liabilities | 10/49 | €121,251 | €137,904 | +€16,653 | +13.7% |
| Equity | 10/15 | €61,538 | €95,550 | +€34,012 | +55.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,538 | €90,550 | +€34,012 | +60.2% |
| Distributable reserves | 133 | €56,538 | €90,550 | +€34,012 | +60.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,713 | €42,354 | -€17,359 | -29.1% |
| Amounts payable within one year | 42/48 | €59,713 | €42,354 | -€17,359 | -29.1% |
| Trade debts | 44 | €1,064 | €1,415 | +€351 | +33.0% |
| Suppliers | 440/4 | €1,064 | €1,415 | +€351 | +33.0% |
| Taxes, remuneration and social security | 45 | €18,643 | €20,751 | +€2,108 | +11.3% |
| Taxes | 450/3 | €18,643 | €20,751 | +€2,108 | +11.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,007 | €20,188 | -€19,819 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €689 | -€428 | -38.3% |
| Other operating charges | 640/8 | €607 | €840 | +€232 | +38.3% |
| Gross operating margin | 9900 | €61,448 | €73,855 | +€12,407 | +20.2% |
| Operating profit (loss) | 9901 | €59,724 | €72,327 | +€12,603 | +21.1% |
| Financial charges | 65/66B | €87 | €316 | +€230 | +265% |
| Recurring financial charges | 65 | €87 | €316 | +€230 | +265% |
| Profit (loss) for the period before taxes | 9903 | €59,637 | €72,010 | +€12,373 | +20.7% |
| Income taxes | 67/77 | €13,133 | €17,998 | +€4,865 | +37.0% |
| Profit (loss) for the period | 9904 | €46,504 | €54,012 | +€7,508 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,504 | €54,012 | +€7,508 | +16.1% |
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 22 October 2026 via checked.be.