CO EXPRESS: 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.
CO EXPRESS
Largest movements
- Receivables within one year +€55,373
up €55,373 (+6893.1%), from €803 to €56,176
- Cash -€25,319
down €25,319 (-83.6%), from €30,283 to €4,963
mainly Receivables within one year (-€55,373) and Tax, wage and social debts (-€2,793)
- Stocks and contracts -€1,740
down €1,740 (-17.4%), from €10,000 to €8,260
- Trade debts +€17,794
up €17,794 (+447.4%), from €3,978 to €21,772
- Profit (loss) carried forward +€14,816
up €14,816 (+103.0%), from €14,379 to €29,196
- Tax, wage and social debts -€2,793
down €2,793 (-32.2%), from €8,679 to €5,886
of which Taxes: -€2,997
- Accrued charges and deferred income -€1,393
no longer reported in 2024 (was €1,393)
- Staff costs -€2,005
down €2,005 (-36.6%), from €5,482 to €3,476
- Gross operating margin -€833
down €833 (-4.1%), from €20,485 to €19,651
- Depreciation +€437
up €437 (+73.8%), from €592 to €1,030
- Other operating charges +€208
new in 2024: €208
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,429 | €76,854 | +€28,425 | +58.7% |
| Fixed assets | 21/28 | €7,343 | €7,391 | +€48 | +0.7% |
| Intangible fixed assets | 21 | €4,581 | €4,081 | -€500 | -10.9% |
| Tangible fixed assets | 22/27 | €976 | €1,524 | +€548 | +56.1% |
| Furniture and vehicles | 24 | €976 | €1,524 | +€548 | +56.1% |
| Financial fixed assets | 28 | €1,787 | €1,787 | = | 0.0% |
| Current assets | 29/58 | €41,086 | €69,463 | +€28,377 | +69.1% |
| Stocks and contracts in progress | 3 | €10,000 | €8,260 | -€1,740 | -17.4% |
| Stocks | 30/36 | €10,000 | €8,260 | -€1,740 | -17.4% |
| Amounts receivable within one year | 40/41 | €803 | €56,176 | +€55,373 | +6893.1% |
| Other amounts receivable | 41 | €803 | €56,176 | +€55,373 | +6893.1% |
| Cash at bank and in hand | 54/58 | €30,283 | €4,963 | -€25,319 | -83.6% |
| Deferred charges and accrued income | 490/1 | - | €64 | +€64 | |
| Total equity and liabilities | 10/49 | €48,429 | €76,854 | +€28,425 | +58.7% |
| Equity | 10/15 | €34,379 | €49,196 | +€14,816 | +43.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,379 | €29,196 | +€14,816 | +103.0% |
| Amounts payable | 17/49 | €14,050 | €27,658 | +€13,608 | +96.9% |
| Amounts payable within one year | 42/48 | €12,657 | €27,658 | +€15,002 | +118.5% |
| Trade debts | 44 | €3,978 | €21,772 | +€17,794 | +447.4% |
| Suppliers | 440/4 | €3,978 | €21,772 | +€17,794 | +447.4% |
| Taxes, remuneration and social security | 45 | €8,679 | €5,886 | -€2,793 | -32.2% |
| Taxes | 450/3 | €7,498 | €4,502 | -€2,997 | -40.0% |
| Remuneration and social security | 454/9 | €1,181 | €1,384 | +€204 | +17.3% |
| Accrued charges and deferred income | 492/3 | €1,393 | - | -€1,393 | |
| Remuneration, social security and pensions | 62 | €5,482 | €3,476 | -€2,005 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592 | €1,030 | +€437 | +73.8% |
| Other operating charges | 640/8 | - | €208 | +€208 | |
| Gross operating margin | 9900 | €20,485 | €19,651 | -€833 | -4.1% |
| Operating profit (loss) | 9901 | €14,411 | €14,937 | +€527 | +3.7% |
| Financial charges | 65/66B | €32 | €121 | +€89 | +283.4% |
| Recurring financial charges | 65 | €32 | €121 | +€89 | +283.4% |
| Profit (loss) for the period before taxes | 9903 | €14,379 | €14,816 | +€437 | +3.0% |
| Profit (loss) for the period | 9904 | €14,379 | €14,816 | +€437 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,379 | €14,816 | +€437 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.