CO-SALES: 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-SALES
Largest movements
- Cash +€44,278
up €44,278 (+29.0%), from €152,917 to €197,195
mainly Net result for the year (+€88,224) and Depreciation (+€9,773)
- Tangible fixed assets -€5,879
down €5,879 (-26.3%), from €22,329 to €16,449
of which Furniture and vehicles: -€7,781
- Receivables within one year -€4,619
down €4,619 (-17.4%), from €26,503 to €21,884
of which Trade receivables: -€8,162
- Profit (loss) carried forward +€88,224
up €88,224 (+91.6%), from €96,300 to €184,524
- Accrued charges and deferred income -€47,100
no longer reported in 2025 (was €47,100)
- Debts after one year -€7,753
down €7,753 (-66.5%), from €11,655 to €3,902
- Gross operating margin -€8,520
down €8,520 (-6.5%), from €131,673 to €123,153
- Taxes -€2,690
down €2,690 (-9.8%), from €27,328 to €24,638
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 | €203,561 | €236,660 | +€33,099 | +16.3% |
| Fixed assets | 21/28 | €22,329 | €16,449 | -€5,879 | -26.3% |
| Tangible fixed assets | 22/27 | €22,329 | €16,449 | -€5,879 | -26.3% |
| Furniture and vehicles | 24 | €22,329 | €14,547 | -€7,781 | -34.8% |
| Other tangible fixed assets | 26 | - | €1,902 | +€1,902 | |
| Current assets | 29/58 | €181,232 | €220,211 | +€38,979 | +21.5% |
| Amounts receivable within one year | 40/41 | €26,503 | €21,884 | -€4,619 | -17.4% |
| Trade receivables | 40 | €24,438 | €16,276 | -€8,162 | -33.4% |
| Other amounts receivable | 41 | €2,065 | €5,608 | +€3,544 | +171.6% |
| Cash at bank and in hand | 54/58 | €152,917 | €197,195 | +€44,278 | +29.0% |
| Deferred charges and accrued income | 490/1 | €1,812 | €1,131 | -€681 | -37.6% |
| Total equity and liabilities | 10/49 | €203,561 | €236,660 | +€33,099 | +16.3% |
| Equity | 10/15 | €114,900 | €203,124 | +€88,224 | +76.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,300 | €184,524 | +€88,224 | +91.6% |
| Amounts payable | 17/49 | €88,661 | €33,536 | -€55,125 | -62.2% |
| Amounts payable after more than one year | 17 | €11,655 | €3,902 | -€7,753 | -66.5% |
| Financial debts | 170/4 | €11,655 | €3,902 | -€7,753 | -66.5% |
| Amounts payable within one year | 42/48 | €29,906 | €29,633 | -€272 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €7,685 | €7,753 | +€68 | +0.9% |
| Financial debts | 43 | €14,000 | €14,097 | +€97 | +0.7% |
| Credit institutions | 430/8 | €14,000 | €14,097 | +€97 | +0.7% |
| Trade debts | 44 | €80 | €109 | +€29 | +36.4% |
| Suppliers | 440/4 | €80 | €109 | +€29 | +36.4% |
| Taxes, remuneration and social security | 45 | €8,141 | €7,674 | -€467 | -5.7% |
| Taxes | 450/3 | €8,141 | €7,674 | -€467 | -5.7% |
| Accrued charges and deferred income | 492/3 | €47,100 | - | -€47,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,634 | €9,773 | +€139 | +1.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €131,673 | €123,153 | -€8,520 | -6.5% |
| Operating profit (loss) | 9901 | €121,654 | €112,992 | -€8,662 | -7.1% |
| Financial income | 75/76B | €1,166 | €748 | -€418 | -35.8% |
| Recurring financial income | 75 | €1,166 | €748 | -€418 | -35.8% |
| Financial charges | 65/66B | €611 | €878 | +€268 | +43.8% |
| Recurring financial charges | 65 | €611 | €878 | +€268 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €122,209 | €112,862 | -€9,347 | -7.6% |
| Income taxes | 67/77 | €27,328 | €24,638 | -€2,690 | -9.8% |
| Profit (loss) for the period | 9904 | €94,881 | €88,224 | -€6,657 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,881 | €88,224 | -€6,657 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.