COCECO: 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.
COCECO
Largest movements
- Tangible fixed assets -€36,015
down €36,015 (-6.5%), from €557,359 to €521,344
of which Land and buildings: -€37,746
- Cash +€18,977
up €18,977 (+96.7%), from €19,619 to €38,596
mainly Net result for the year (+€45,374) and Depreciation (+€43,389)
- Receivables within one year +€8,476
up €8,476 (+55.0%), from €15,423 to €23,899
of which Trade receivables: +€6,878
- Stocks and contracts +€7,132
up €7,132 (+89.2%), from €8,000 to €15,132
- Debts after one year -€35,539
down €35,539 (-8.3%), from €429,530 to €393,991
- Profit (loss) carried forward +€34,334
up €34,334, from -€34,334 to €0
- Reserves +€11,040
up €11,040 (+11.8%), from €93,851 to €104,891
of which Distributable reserves: +€11,040
- Tax, wage and social debts -€6,615
down €6,615 (-70.4%), from €9,391 to €2,776
- Gross operating margin +€32,722
up €32,722 (+38.9%), from €84,070 to €116,791
- Taxes +€9,983
up €9,983 (+2331.9%), from €428 to €10,411
- Financial charges -€3,181
down €3,181 (-19.8%), from €16,074 to €12,893
- Other operating charges +€1,180
up €1,180 (+33.3%), from €3,545 to €4,726
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 | €601,332 | €599,802 | -€1,530 | -0.3% |
| Fixed assets | 21/28 | €557,359 | €521,344 | -€36,015 | -6.5% |
| Tangible fixed assets | 22/27 | €557,359 | €521,344 | -€36,015 | -6.5% |
| Land and buildings | 22 | €555,507 | €517,761 | -€37,746 | -6.8% |
| Plant, machinery and equipment | 23 | - | €2,661 | +€2,661 | |
| Furniture and vehicles | 24 | €1,852 | €922 | -€930 | -50.2% |
| Current assets | 29/58 | €43,973 | €78,457 | +€34,485 | +78.4% |
| Stocks and contracts in progress | 3 | €8,000 | €15,132 | +€7,132 | +89.2% |
| Stocks | 30/36 | €8,000 | €15,132 | +€7,132 | +89.2% |
| Amounts receivable within one year | 40/41 | €15,423 | €23,899 | +€8,476 | +55.0% |
| Trade receivables | 40 | €15,423 | €22,301 | +€6,878 | +44.6% |
| Other amounts receivable | 41 | €0 | €1,598 | +€1,598 | |
| Cash at bank and in hand | 54/58 | €19,619 | €38,596 | +€18,977 | +96.7% |
| Deferred charges and accrued income | 490/1 | €931 | €831 | -€100 | -10.7% |
| Total equity and liabilities | 10/49 | €601,332 | €599,802 | -€1,530 | -0.3% |
| Equity | 10/15 | €78,117 | €123,491 | +€45,374 | +58.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,851 | €104,891 | +€11,040 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,991 | €103,031 | +€11,040 | +12.0% |
| Profit (loss) carried forward | 14 | -€34,334 | €0 | +€34,334 | |
| Amounts payable | 17/49 | €523,215 | €476,311 | -€46,904 | -9.0% |
| Amounts payable after more than one year | 17 | €429,530 | €393,991 | -€35,539 | -8.3% |
| Financial debts | 170/4 | €429,530 | €393,991 | -€35,539 | -8.3% |
| Amounts payable within one year | 42/48 | €93,685 | €82,320 | -€11,366 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €39,196 | €35,539 | -€3,657 | -9.3% |
| Financial debts | 43 | €13,324 | €12,000 | -€1,324 | -9.9% |
| Credit institutions | 430/8 | €324 | €0 | -€324 | -100.0% |
| Other loans | 439 | €13,000 | €12,000 | -€1,000 | -7.7% |
| Trade debts | 44 | €1,752 | €1,828 | +€76 | +4.3% |
| Suppliers | 440/4 | €1,752 | €1,828 | +€76 | +4.3% |
| Taxes, remuneration and social security | 45 | €9,391 | €2,776 | -€6,615 | -70.4% |
| Taxes | 450/3 | €9,391 | €2,776 | -€6,615 | -70.4% |
| Other amounts payable | 47/48 | €30,022 | €30,177 | +€155 | +0.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,171 | €43,389 | +€217 | +0.5% |
| Other operating charges | 640/8 | €3,545 | €4,726 | +€1,180 | +33.3% |
| Gross operating margin | 9900 | €84,070 | €116,791 | +€32,722 | +38.9% |
| Operating profit (loss) | 9901 | €37,353 | €68,677 | +€31,324 | +83.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €16,074 | €12,893 | -€3,181 | -19.8% |
| Recurring financial charges | 65 | €16,074 | €12,893 | -€3,181 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €21,279 | €55,785 | +€34,506 | +162.2% |
| Income taxes | 67/77 | €428 | €10,411 | +€9,983 | +2331.9% |
| Profit (loss) for the period | 9904 | €20,851 | €45,374 | +€24,523 | +117.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,851 | €45,374 | +€24,523 | +117.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.