Co-operate: 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-operate
Largest movements
- Cash +€172,688
up €172,688 (+75.0%), from €230,158 to €402,846
mainly Other debts (+€172,103) and Net result for the year (+€151,595)
- Receivables within one year -€113,925
down €113,925 (-96.0%), from €118,703 to €4,777
of which Trade receivables: -€107,641
- Other debts +€172,103
new in 2025: €172,103
- Reserves -€63,405
down €63,405 (-23.9%), from €265,098 to €201,693
- Trade debts -€44,031
down €44,031 (-94.7%), from €46,478 to €2,447
- Tax, wage and social debts -€9,104
down €9,104 (-13.0%), from €70,059 to €60,955
- Gross operating margin +€45,952
up €45,952 (+28.0%), from €164,061 to €210,013
- Taxes +€12,613
up €12,613 (+34.1%), from €37,000 to €49,613
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 | €386,634 | €445,111 | +€58,477 | +15.1% |
| Fixed assets | 21/28 | €37,285 | €37,488 | +€203 | +0.5% |
| Tangible fixed assets | 22/27 | €37,285 | €37,488 | +€203 | +0.5% |
| Furniture and vehicles | 24 | €10,216 | €7,434 | -€2,782 | -27.2% |
| Other tangible fixed assets | 26 | €27,069 | €30,054 | +€2,985 | +11.0% |
| Current assets | 29/58 | €349,349 | €407,623 | +€58,274 | +16.7% |
| Amounts receivable within one year | 40/41 | €118,703 | €4,777 | -€113,925 | -96.0% |
| Trade receivables | 40 | €109,016 | €1,376 | -€107,641 | -98.7% |
| Other amounts receivable | 41 | €9,686 | €3,402 | -€6,285 | -64.9% |
| Cash at bank and in hand | 54/58 | €230,158 | €402,846 | +€172,688 | +75.0% |
| Deferred charges and accrued income | 490/1 | €489 | €0 | -€489 | -100.0% |
| Total equity and liabilities | 10/49 | €386,634 | €445,111 | +€58,477 | +15.1% |
| Equity | 10/15 | €270,098 | €206,693 | -€63,405 | -23.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €265,098 | €201,693 | -€63,405 | -23.9% |
| Distributable reserves | 133 | €265,098 | €201,693 | -€63,405 | -23.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €116,537 | €238,418 | +€121,881 | +104.6% |
| Amounts payable within one year | 42/48 | €116,537 | €236,768 | +€120,231 | +103.2% |
| Financial debts | 43 | - | €1,264 | +€1,264 | |
| Credit institutions | 430/8 | - | €1,264 | +€1,264 | |
| Trade debts | 44 | €46,478 | €2,447 | -€44,031 | -94.7% |
| Suppliers | 440/4 | €46,478 | €2,447 | -€44,031 | -94.7% |
| Taxes, remuneration and social security | 45 | €70,059 | €60,955 | -€9,104 | -13.0% |
| Taxes | 450/3 | €70,059 | €60,955 | -€9,104 | -13.0% |
| Other amounts payable | 47/48 | - | €172,103 | +€172,103 | |
| Accrued charges and deferred income | 492/3 | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,873 | €6,537 | +€1,664 | +34.1% |
| Other operating charges | 640/8 | €980 | €400 | -€580 | -59.2% |
| Gross operating margin | 9900 | €164,061 | €210,013 | +€45,952 | +28.0% |
| Operating profit (loss) | 9901 | €158,208 | €203,076 | +€44,868 | +28.4% |
| Financial income | 75/76B | €489 | €0 | -€489 | -100.0% |
| Recurring financial income | 75 | €489 | €0 | -€489 | -100.0% |
| Financial charges | 65/66B | €2,353 | €1,868 | -€486 | -20.6% |
| Recurring financial charges | 65 | €2,353 | €1,868 | -€486 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €156,343 | €201,208 | +€44,865 | +28.7% |
| Income taxes | 67/77 | €37,000 | €49,613 | +€12,613 | +34.1% |
| Profit (loss) for the period | 9904 | €119,343 | €151,595 | +€32,252 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,343 | €151,595 | +€32,252 | +27.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.