CO & 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 & Co
Largest movements
- Cash -€40,458
down €40,458 (-27.9%), from €145,020 to €104,562
mainly Contributions, distributions and other (-€91,292) and Debts after one year (-€51,833)
- Tangible fixed assets -€17,479
down €17,479 (-20.6%), from €84,786 to €67,307
of which Furniture and vehicles: -€16,080
- Debts after one year -€51,833
down €51,833 (-30.1%), from €172,120 to €120,288
- Reserves -€7,068
down €7,068 (-2.1%), from €340,755 to €333,687
- Gross operating margin +€5,039
up €5,039 (+3.3%), from €153,710 to €158,749
- Depreciation +€4,026
up €4,026 (+27.0%), from €14,898 to €18,924
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,026 | €535,388 | -€57,637 | -9.7% |
| Fixed assets | 21/28 | €444,786 | €427,307 | -€17,479 | -3.9% |
| Tangible fixed assets | 22/27 | €84,786 | €67,307 | -€17,479 | -20.6% |
| Plant, machinery and equipment | 23 | €1,758 | €1,338 | -€420 | -23.9% |
| Furniture and vehicles | 24 | €71,279 | €55,199 | -€16,080 | -22.6% |
| Other tangible fixed assets | 26 | €11,749 | €10,770 | -€979 | -8.3% |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €148,240 | €108,081 | -€40,158 | -27.1% |
| Amounts receivable within one year | 40/41 | €1,057 | €1,307 | +€250 | +23.6% |
| Trade receivables | 40 | - | €250 | +€250 | |
| Other amounts receivable | 41 | €1,057 | €1,057 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €145,020 | €104,562 | -€40,458 | -27.9% |
| Deferred charges and accrued income | 490/1 | €2,162 | €2,212 | +€50 | +2.3% |
| Total equity and liabilities | 10/49 | €593,026 | €535,388 | -€57,637 | -9.7% |
| Equity | 10/15 | €353,155 | €346,087 | -€7,068 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €340,755 | €333,687 | -€7,068 | -2.1% |
| Distributable reserves | 133 | €340,755 | €333,687 | -€7,068 | -2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €239,870 | €189,302 | -€50,569 | -21.1% |
| Amounts payable after more than one year | 17 | €172,120 | €120,288 | -€51,833 | -30.1% |
| Financial debts | 170/4 | €172,120 | €120,288 | -€51,833 | -30.1% |
| Amounts payable within one year | 42/48 | €67,750 | €69,014 | +€1,264 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €50,866 | €51,833 | +€967 | +1.9% |
| Trade debts | 44 | €1,594 | €750 | -€844 | -52.9% |
| Suppliers | 440/4 | €1,594 | €750 | -€844 | -52.9% |
| Taxes, remuneration and social security | 45 | €14,054 | €14,548 | +€494 | +3.5% |
| Taxes | 450/3 | €14,054 | €14,548 | +€494 | +3.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,237 | €1,883 | +€646 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,898 | €18,924 | +€4,026 | +27.0% |
| Other operating charges | 640/8 | €1,025 | €1,109 | +€84 | +8.2% |
| Non-recurring operating charges | 66A | - | €9,709 | +€9,709 | |
| Gross operating margin | 9900 | €153,710 | €158,749 | +€5,039 | +3.3% |
| Operating profit (loss) | 9901 | €137,786 | €129,007 | -€8,779 | -6.4% |
| Financial income | 75/76B | €544 | €735 | +€191 | +35.1% |
| Recurring financial income | 75 | €544 | €735 | +€191 | +35.1% |
| Financial charges | 65/66B | €4,457 | €3,947 | -€510 | -11.4% |
| Recurring financial charges | 65 | €4,457 | €3,947 | -€510 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €133,873 | €125,795 | -€8,078 | -6.0% |
| Income taxes | 67/77 | €43,106 | €41,572 | -€1,534 | -3.6% |
| Profit (loss) for the period | 9904 | €90,767 | €84,223 | -€6,544 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,767 | €84,223 | -€6,544 | -7.2% |
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 11 October 2026 via checked.be.