COCHEZ: 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.
COCHEZ
Largest movements
- Receivables within one year +€13,313
up €13,313 (+39.7%), from €33,576 to €46,889
of which Trade receivables: +€12,198
- Tangible fixed assets -€7,066
down €7,066 (-16.8%), from €42,168 to €35,102
- Stocks and contracts +€3,411
up €3,411 (+174%), from €1,959 to €5,370
- Deferred charges and accrued income -€1,263
down €1,263 (-87.4%), from €1,445 to €182
- Tax, wage and social debts +€19,765
up €19,765 (+185%), from €10,701 to €30,466
of which Taxes: +€20,485
- Trade debts +€14,270
up €14,270 (+12.7%), from €112,784 to €127,054
- Profit (loss) carried forward -€11,157
down €11,157 (-10.6%), from -€105,005 to -€116,162
- Other debts -€6,791
no longer reported in 2025 (was €6,791)
- Debts after one year -€6,008
down €6,008 (-16.7%), from €36,023 to €30,015
- Gross operating margin +€17,263
up €17,263 (+14.1%), from €122,479 to €139,742
- Staff costs -€14,252
down €14,252 (-10.1%), from €140,431 to €126,179
- Other operating charges +€4,736
up €4,736 (+139%), from €3,404 to €8,140
- Financial charges +€3,664
up €3,664 (+62.6%), from €5,850 to €9,514
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,265 | €102,467 | +€8,202 | +8.7% |
| Fixed assets | 21/28 | €57,285 | €50,025 | -€7,259 | -12.7% |
| Tangible fixed assets | 22/27 | €42,168 | €35,102 | -€7,066 | -16.8% |
| Plant, machinery and equipment | 23 | €19,784 | €17,022 | -€2,762 | -14.0% |
| Furniture and vehicles | 24 | €4,067 | €2,910 | -€1,157 | -28.5% |
| Other tangible fixed assets | 26 | €18,317 | €15,170 | -€3,146 | -17.2% |
| Financial fixed assets | 28 | €15,117 | €14,923 | -€193 | -1.3% |
| Current assets | 29/58 | €36,980 | €52,441 | +€15,461 | +41.8% |
| Stocks and contracts in progress | 3 | €1,959 | €5,370 | +€3,411 | +174% |
| Stocks | 30/36 | €1,959 | €5,370 | +€3,411 | +174% |
| Amounts receivable within one year | 40/41 | €33,576 | €46,889 | +€13,313 | +39.7% |
| Trade receivables | 40 | €33,576 | €45,774 | +€12,198 | +36.3% |
| Other amounts receivable | 41 | - | €1,115 | +€1,115 | |
| Deferred charges and accrued income | 490/1 | €1,445 | €182 | -€1,263 | -87.4% |
| Total equity and liabilities | 10/49 | €94,265 | €102,467 | +€8,202 | +8.7% |
| Equity | 10/15 | -€84,545 | -€95,702 | -€11,157 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,005 | -€116,162 | -€11,157 | -10.6% |
| Amounts payable | 17/49 | €178,810 | €198,169 | +€19,359 | +10.8% |
| Amounts payable after more than one year | 17 | €36,023 | €30,015 | -€6,008 | -16.7% |
| Other amounts payable | 178/9 | €36,023 | €30,015 | -€6,008 | -16.7% |
| Amounts payable within one year | 42/48 | €142,787 | €168,154 | +€25,367 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €5,744 | €6,008 | +€264 | +4.6% |
| Financial debts | 43 | €6,767 | €4,627 | -€2,140 | -31.6% |
| Credit institutions | 430/8 | €6,767 | €4,627 | -€2,140 | -31.6% |
| Trade debts | 44 | €112,784 | €127,054 | +€14,270 | +12.7% |
| Suppliers | 440/4 | €112,784 | €127,054 | +€14,270 | +12.7% |
| Taxes, remuneration and social security | 45 | €10,701 | €30,466 | +€19,765 | +185% |
| Taxes | 450/3 | €1,746 | €22,231 | +€20,485 | +1,173% |
| Remuneration and social security | 454/9 | €8,955 | €8,235 | -€720 | -8.0% |
| Other amounts payable | 47/48 | €6,791 | - | -€6,791 | |
| Remuneration, social security and pensions | 62 | €140,431 | €126,179 | -€14,252 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,397 | €7,066 | +€668 | +10.4% |
| Other operating charges | 640/8 | €3,404 | €8,140 | +€4,736 | +139% |
| Gross operating margin | 9900 | €122,479 | €139,742 | +€17,263 | +14.1% |
| Operating profit (loss) | 9901 | -€27,754 | -€1,643 | +€26,111 | +94.1% |
| Financial charges | 65/66B | €5,850 | €9,514 | +€3,664 | +62.6% |
| Recurring financial charges | 65 | €5,850 | €9,514 | +€3,664 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,604 | -€11,157 | +€22,447 | +66.8% |
| Income taxes | 67/77 | €957 | - | -€957 | |
| Profit (loss) for the period | 9904 | -€34,561 | -€11,157 | +€23,403 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,561 | -€11,157 | +€23,403 | +67.7% |
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 20 October 2026 via checked.be.