C.O.S.: 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.
C.O.S.
Largest movements
- Current investments +€130,000
new in 2025: €130,000
- Cash -€93,744
down €93,744 (-57.2%), from €163,918 to €70,174
mainly Current investments (-€130,000) and Investment in fixed assets (net) (-€6,967)
- Reserves +€37,000
up €37,000 (+25.8%), from €143,259 to €180,259
of which Tax-exempt reserves: +€37,000
- Gross operating margin -€5,099
down €5,099 (-7.8%), from €65,591 to €60,492
- Taxes -€994
down €994 (-6.2%), from €15,999 to €15,005
- Depreciation -€961
down €961 (-11.9%), from €8,048 to €7,087
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 | €201,183 | €238,894 | +€37,711 | +18.7% |
| Fixed assets | 21/28 | €11,212 | €11,092 | -€120 | -1.1% |
| Tangible fixed assets | 22/27 | €11,212 | €11,092 | -€120 | -1.1% |
| Furniture and vehicles | 24 | €10,083 | €11,010 | +€927 | +9.2% |
| Other tangible fixed assets | 26 | €1,129 | €82 | -€1,047 | -92.7% |
| Current assets | 29/58 | €189,971 | €227,802 | +€37,831 | +19.9% |
| Amounts receivable within one year | 40/41 | €26,052 | €27,628 | +€1,575 | +6.0% |
| Trade receivables | 40 | €26,052 | €27,628 | +€1,575 | +6.0% |
| Current investments | 50/53 | - | €130,000 | +€130,000 | |
| Cash at bank and in hand | 54/58 | €163,918 | €70,174 | -€93,744 | -57.2% |
| Total equity and liabilities | 10/49 | €201,183 | €238,894 | +€37,711 | +18.7% |
| Equity | 10/15 | €187,423 | €225,275 | +€37,851 | +20.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €143,259 | €180,259 | +€37,000 | +25.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,400 | €178,400 | +€37,000 | +26.2% |
| Profit (loss) carried forward | 14 | €25,572 | €26,424 | +€851 | +3.3% |
| Amounts payable | 17/49 | €13,759 | €13,619 | -€141 | -1.0% |
| Amounts payable within one year | 42/48 | €13,759 | €13,619 | -€141 | -1.0% |
| Trade debts | 44 | €4,328 | €3,526 | -€801 | -18.5% |
| Suppliers | 440/4 | €4,328 | €3,526 | -€801 | -18.5% |
| Taxes, remuneration and social security | 45 | €9,187 | €9,847 | +€660 | +7.2% |
| Taxes | 450/3 | €8,437 | €9,097 | +€660 | +7.8% |
| Remuneration and social security | 454/9 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €245 | €245 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,048 | €7,087 | -€961 | -11.9% |
| Other operating charges | 640/8 | €643 | €644 | +€2 | +0.2% |
| Gross operating margin | 9900 | €65,591 | €60,492 | -€5,099 | -7.8% |
| Operating profit (loss) | 9901 | €56,900 | €52,761 | -€4,140 | -7.3% |
| Financial income | 75/76B | €342 | €619 | +€277 | +81.2% |
| Recurring financial income | 75 | €342 | €619 | +€277 | +81.2% |
| Financial charges | 65/66B | €491 | €523 | +€32 | +6.5% |
| Recurring financial charges | 65 | €491 | €523 | +€32 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €56,751 | €52,856 | -€3,895 | -6.9% |
| Income taxes | 67/77 | €15,999 | €15,005 | -€994 | -6.2% |
| Profit (loss) for the period | 9904 | €40,752 | €37,851 | -€2,900 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,752 | €37,851 | -€2,900 | -7.1% |
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 19 October 2026 via checked.be.