Co & Oil: 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 & Oil
Largest movements
- Cash +€21,443
up €21,443 (+414%), from €5,179 to €26,623
mainly Current portion of long-term debt (+€25,059) and Net result for the year (+€22,544)
- Receivables within one year -€12,911
down €12,911 (-35.0%), from €36,877 to €23,966
of which Trade receivables: -€14,459
- Receivables after one year -€7,487
down €7,487 (-32.0%), from €23,369 to €15,882
of which Other amounts receivable: -€7,487
- Tangible fixed assets -€4,913
down €4,913 (-43.0%), from €11,431 to €6,518
of which Furniture and vehicles: -€4,623
- Deferred charges and accrued income +€1,278
up €1,278, from €0 to €1,278
- Short-term financial debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Current portion of long-term debt +€25,059
up €25,059 (+164%), from €15,278 to €40,337
- Profit (loss) carried forward +€22,544
up €22,544 (+61.4%), from -€36,735 to -€14,191
- Debts after one year -€10,337
down €10,337 (-100%), from €10,337 to €0
- Other debts -€7,885
down €7,885 (-34.9%), from €22,576 to €14,691
- Gross operating margin +€54,652
up €54,652 (+167%), from €32,703 to €87,355
- Depreciation -€2,771
down €2,771 (-36.1%), from €7,684 to €4,913
- Staff costs -€2,284
down €2,284 (-4.1%), from €55,963 to €53,680
- Financial charges -€1,461
down €1,461 (-29.2%), from €5,002 to €3,540
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 | €79,479 | €76,236 | -€3,243 | -4.1% |
| Fixed assets | 21/28 | €11,431 | €6,518 | -€4,913 | -43.0% |
| Tangible fixed assets | 22/27 | €11,431 | €6,518 | -€4,913 | -43.0% |
| Plant, machinery and equipment | 23 | €290 | €0 | -€290 | -100% |
| Furniture and vehicles | 24 | €11,141 | €6,518 | -€4,623 | -41.5% |
| Current assets | 29/58 | €68,048 | €69,719 | +€1,671 | +2.5% |
| Amounts receivable after more than one year | 29 | €23,369 | €15,882 | -€7,487 | -32.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €23,369 | €15,882 | -€7,487 | -32.0% |
| Stocks and contracts in progress | 3 | €2,622 | €1,970 | -€652 | -24.8% |
| Stocks | 30/36 | €2,622 | €1,970 | -€652 | -24.8% |
| Amounts receivable within one year | 40/41 | €36,877 | €23,966 | -€12,911 | -35.0% |
| Trade receivables | 40 | €33,807 | €19,348 | -€14,459 | -42.8% |
| Other amounts receivable | 41 | €3,070 | €4,618 | +€1,548 | +50.4% |
| Cash at bank and in hand | 54/58 | €5,179 | €26,623 | +€21,443 | +414% |
| Deferred charges and accrued income | 490/1 | €0 | €1,278 | +€1,278 | |
| Total equity and liabilities | 10/49 | €79,479 | €76,236 | -€3,243 | -4.1% |
| Equity | 10/15 | -€21,235 | €1,309 | +€22,544 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,735 | -€14,191 | +€22,544 | +61.4% |
| Amounts payable | 17/49 | €100,714 | €74,928 | -€25,787 | -25.6% |
| Amounts payable after more than one year | 17 | €10,337 | €0 | -€10,337 | -100% |
| Financial debts | 170/4 | €10,337 | €0 | -€10,337 | -100% |
| Amounts payable within one year | 42/48 | €90,377 | €74,928 | -€15,450 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €15,278 | €40,337 | +€25,059 | +164% |
| Financial debts | 43 | €30,000 | €0 | -€30,000 | -100% |
| Credit institutions | 430/8 | €30,000 | €0 | -€30,000 | -100% |
| Trade debts | 44 | €11,765 | €11,321 | -€443 | -3.8% |
| Suppliers | 440/4 | €11,765 | €11,321 | -€443 | -3.8% |
| Taxes, remuneration and social security | 45 | €10,759 | €8,579 | -€2,181 | -20.3% |
| Taxes | 450/3 | €2,863 | €977 | -€1,886 | -65.9% |
| Remuneration and social security | 454/9 | €7,896 | €7,602 | -€294 | -3.7% |
| Other amounts payable | 47/48 | €22,576 | €14,691 | -€7,885 | -34.9% |
| Remuneration, social security and pensions | 62 | €55,963 | €53,680 | -€2,284 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,684 | €4,913 | -€2,771 | -36.1% |
| Other operating charges | 640/8 | €1,216 | €1,138 | -€78 | -6.4% |
| Non-recurring operating charges | 66A | - | €1,111 | +€1,111 | |
| Gross operating margin | 9900 | €32,703 | €87,355 | +€54,652 | +167% |
| Operating profit (loss) | 9901 | -€32,161 | €26,512 | +€58,673 | |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €5,002 | €3,540 | -€1,461 | -29.2% |
| Recurring financial charges | 65 | €5,002 | €3,540 | -€1,461 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,162 | €23,005 | +€60,167 | |
| Income taxes | 67/77 | -€74 | €461 | +€534 | |
| Profit (loss) for the period | 9904 | -€37,088 | €22,544 | +€59,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,088 | €22,544 | +€59,632 |
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 27 October 2026 via checked.be.