CO-SERVICE: 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-SERVICE
Largest movements
- Current investments +€85,000
up €85,000 (+60.7%), from €140,000 to €225,000
- Receivables within one year -€43,530
down €43,530 (-24.4%), from €178,129 to €134,599
of which Other amounts receivable: -€31,094
- Tangible fixed assets +€37,753
up €37,753 (+35.7%), from €105,755 to €143,508
of which Furniture and vehicles: +€31,137
- Cash -€26,775
down €26,775 (-31.1%), from €86,196 to €59,421
mainly Current investments (-€85,000) and Investment in fixed assets (net) (-€74,386)
- Reserves +€75,000
up €75,000 (+40.4%), from €185,860 to €260,860
of which Distributable reserves: +€75,000
- Other debts -€38,000
no longer reported in 2025 (was €38,000)
- Provisions +€27,220
up €27,220 (+227%), from €11,973 to €39,193
- Accrued charges and deferred income -€24,786
no longer reported in 2025 (was €24,786)
- Debts after one year +€17,129
up €17,129 (+55.3%), from €30,990 to €48,119
- Depreciation +€8,521
up €8,521 (+30.3%), from €28,112 to €36,633
- Gross operating margin +€5,299
up €5,299 (+1.7%), from €310,435 to €315,734
- Staff costs +€4,065
up €4,065 (+3.3%), from €124,498 to €128,563
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 | €512,152 | €563,578 | +€51,426 | +10.0% |
| Fixed assets | 21/28 | €105,755 | €143,508 | +€37,753 | +35.7% |
| Tangible fixed assets | 22/27 | €105,755 | €143,508 | +€37,753 | +35.7% |
| Land and buildings | 22 | €10,380 | €6,400 | -€3,980 | -38.3% |
| Plant, machinery and equipment | 23 | €53,236 | €63,832 | +€10,596 | +19.9% |
| Furniture and vehicles | 24 | €42,139 | €73,276 | +€31,137 | +73.9% |
| Current assets | 29/58 | €406,397 | €420,070 | +€13,673 | +3.4% |
| Amounts receivable within one year | 40/41 | €178,129 | €134,599 | -€43,530 | -24.4% |
| Trade receivables | 40 | €94,365 | €81,929 | -€12,436 | -13.2% |
| Other amounts receivable | 41 | €83,764 | €52,670 | -€31,094 | -37.1% |
| Current investments | 50/53 | €140,000 | €225,000 | +€85,000 | +60.7% |
| Cash at bank and in hand | 54/58 | €86,196 | €59,421 | -€26,775 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,072 | €1,050 | -€1,022 | -49.3% |
| Total equity and liabilities | 10/49 | €512,152 | €563,578 | +€51,426 | +10.0% |
| Equity | 10/15 | €316,006 | €391,776 | +€75,770 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,860 | €260,860 | +€75,000 | +40.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €176,000 | €251,000 | +€75,000 | +42.6% |
| Profit (loss) carried forward | 14 | €111,546 | €112,316 | +€770 | +0.7% |
| Provisions and deferred taxes | 16 | €11,973 | €39,193 | +€27,220 | +227% |
| Provisions for liabilities and charges | 160/5 | €11,973 | €39,193 | +€27,220 | +227% |
| Pensions and similar obligations | 160 | €11,973 | €39,193 | +€27,220 | +227% |
| Amounts payable | 17/49 | €184,173 | €132,609 | -€51,564 | -28.0% |
| Amounts payable after more than one year | 17 | €30,990 | €48,119 | +€17,129 | +55.3% |
| Financial debts | 170/4 | €30,990 | €48,119 | +€17,129 | +55.3% |
| Amounts payable within one year | 42/48 | €128,397 | €84,490 | -€43,907 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €44,819 | €40,349 | -€4,470 | -10.0% |
| Trade debts | 44 | €6,097 | €18,752 | +€12,655 | +208% |
| Suppliers | 440/4 | €6,097 | €18,752 | +€12,655 | +208% |
| Taxes, remuneration and social security | 45 | €39,481 | €25,389 | -€14,092 | -35.7% |
| Taxes | 450/3 | €25,006 | €17,952 | -€7,054 | -28.2% |
| Remuneration and social security | 454/9 | €14,475 | €7,437 | -€7,038 | -48.6% |
| Other amounts payable | 47/48 | €38,000 | - | -€38,000 | |
| Accrued charges and deferred income | 492/3 | €24,786 | - | -€24,786 | |
| Remuneration, social security and pensions | 62 | €124,498 | €128,563 | +€4,065 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,112 | €36,633 | +€8,521 | +30.3% |
| Other operating charges | 640/8 | €4,422 | €6,652 | +€2,230 | +50.4% |
| Non-recurring operating charges | 66A | €26,044 | €34,245 | +€8,201 | +31.5% |
| Gross operating margin | 9900 | €310,435 | €315,734 | +€5,299 | +1.7% |
| Operating profit (loss) | 9901 | €127,359 | €109,641 | -€17,718 | -13.9% |
| Financial income | 75/76B | €4,637 | €2,630 | -€2,007 | -43.3% |
| Recurring financial income | 75 | €4,637 | €2,630 | -€2,007 | -43.3% |
| Financial charges | 65/66B | €1,249 | €1,154 | -€95 | -7.6% |
| Recurring financial charges | 65 | €1,249 | €1,154 | -€95 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €130,747 | €111,117 | -€19,630 | -15.0% |
| Income taxes | 67/77 | €38,325 | €35,347 | -€2,978 | -7.8% |
| Profit (loss) for the period | 9904 | €92,422 | €75,770 | -€16,652 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,422 | €75,770 | -€16,652 | -18.0% |
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 25 October 2026 via checked.be.