Co+: 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.
Co+
Largest movements
- Cash +€60,450
up €60,450 (+50.8%), from €119,094 to €179,544
mainly Net result for the year (+€62,230) and Depreciation (+€13,584)
- Tangible fixed assets -€12,232
down €12,232 (-32.7%), from €37,440 to €25,208
of which Furniture and vehicles: -€11,921
- Current investments -€11,662
down €11,662 (-16.7%), from €70,000 to €58,338
- Reserves +€20,789
up €20,789 (+10.2%), from €203,067 to €223,856
- Other debts +€7,454
up €7,454 (+20.5%), from €36,395 to €43,849
- Tax, wage and social debts +€5,587
up €5,587 (+68.8%), from €8,120 to €13,707
- Gross operating margin +€19,704
up €19,704 (+25.0%), from €78,774 to €98,478
- Taxes +€6,396
up €6,396 (+33.6%), from €19,010 to €25,406
- Financial income +€3,302
up €3,302 (+401%), from €824 to €4,126
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 | €247,692 | €284,140 | +€36,448 | +14.7% |
| Fixed assets | 21/28 | €37,440 | €25,208 | -€12,232 | -32.7% |
| Tangible fixed assets | 22/27 | €37,440 | €25,208 | -€12,232 | -32.7% |
| Plant, machinery and equipment | 23 | €767 | €456 | -€311 | -40.5% |
| Furniture and vehicles | 24 | €36,673 | €24,752 | -€11,921 | -32.5% |
| Current assets | 29/58 | €210,252 | €258,932 | +€48,680 | +23.2% |
| Amounts receivable within one year | 40/41 | €18,029 | €18,900 | +€871 | +4.8% |
| Trade receivables | 40 | €18,029 | €18,900 | +€871 | +4.8% |
| Current investments | 50/53 | €70,000 | €58,338 | -€11,662 | -16.7% |
| Cash at bank and in hand | 54/58 | €119,094 | €179,544 | +€60,450 | +50.8% |
| Deferred charges and accrued income | 490/1 | €3,128 | €2,149 | -€979 | -31.3% |
| Total equity and liabilities | 10/49 | €247,692 | €284,140 | +€36,448 | +14.7% |
| Equity | 10/15 | €203,067 | €223,856 | +€20,789 | +10.2% |
| Reserves | 13 | €203,067 | €223,856 | +€20,789 | +10.2% |
| Distributable reserves | 133 | €203,067 | €223,856 | +€20,789 | +10.2% |
| Amounts payable | 17/49 | €44,625 | €60,284 | +€15,659 | +35.1% |
| Amounts payable within one year | 42/48 | €44,625 | €60,284 | +€15,659 | +35.1% |
| Trade debts | 44 | €110 | €2,728 | +€2,618 | +2,383% |
| Suppliers | 440/4 | €110 | €2,728 | +€2,618 | +2,383% |
| Taxes, remuneration and social security | 45 | €8,120 | €13,707 | +€5,587 | +68.8% |
| Taxes | 450/3 | €8,120 | €13,707 | +€5,587 | +68.8% |
| Other amounts payable | 47/48 | €36,395 | €43,849 | +€7,454 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,460 | €13,584 | +€123 | +0.9% |
| Other operating charges | 640/8 | €474 | €908 | +€434 | +91.6% |
| Gross operating margin | 9900 | €78,774 | €98,478 | +€19,704 | +25.0% |
| Operating profit (loss) | 9901 | €64,840 | €83,986 | +€19,147 | +29.5% |
| Financial income | 75/76B | €824 | €4,126 | +€3,302 | +401% |
| Recurring financial income | 75 | €824 | €4,126 | +€3,302 | +401% |
| Financial charges | 65/66B | €335 | €477 | +€142 | +42.4% |
| Recurring financial charges | 65 | €335 | €477 | +€142 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €65,329 | €87,636 | +€22,307 | +34.1% |
| Income taxes | 67/77 | €19,010 | €25,406 | +€6,396 | +33.6% |
| Profit (loss) for the period | 9904 | €46,319 | €62,230 | +€15,911 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,319 | €62,230 | +€15,911 | +34.4% |
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 19 October 2026 via checked.be.