COCIO: 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.
COCIO
Largest movements
- Tangible fixed assets -€195,496
down €195,496 (-4.1%), from €4.7m to €4.5m
of which Land and buildings: -€197,739
- Receivables within one year -€93,966
down €93,966 (-60.2%), from €155,966 to €62,001
of which Trade receivables: -€93,366
- Contributions +€480,000
up €480,000 (+774.2%), from €62,000 to €542,000
- Other debts -€411,158
down €411,158 (-92.5%), from €444,629 to €33,470
- Debts after one year -€131,311
down €131,311 (-7.1%), from €1.8m to €1.7m
- Trade debts -€117,208
down €117,208 (-94.6%), from €123,918 to €6,710
- Gross operating margin -€168,793
down €168,793 (-32.8%), from €514,752 to €345,958
- Taxes -€50,663
down €50,663 (-70.5%), from €71,818 to €21,155
- Depreciation +€8,512
up €8,512 (+4.4%), from €192,732 to €201,244
- Write-downs +€7,512
up €7,512 (+32.0%), from €23,449 to €30,960
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 | €4,927,547 | €4,687,971 | -€239,575 | -4.9% |
| Fixed assets | 21/28 | €4,729,260 | €4,533,764 | -€195,496 | -4.1% |
| Tangible fixed assets | 22/27 | €4,729,260 | €4,533,764 | -€195,496 | -4.1% |
| Land and buildings | 22 | €4,701,027 | €4,503,288 | -€197,739 | -4.2% |
| Plant, machinery and equipment | 23 | €28,233 | €30,476 | +€2,243 | +7.9% |
| Current assets | 29/58 | €198,286 | €154,207 | -€44,079 | -22.2% |
| Amounts receivable within one year | 40/41 | €155,966 | €62,001 | -€93,966 | -60.2% |
| Trade receivables | 40 | €149,630 | €56,264 | -€93,366 | -62.4% |
| Other amounts receivable | 41 | €6,337 | €5,737 | -€600 | -9.5% |
| Cash at bank and in hand | 54/58 | €39,576 | €87,651 | +€48,075 | +121.5% |
| Deferred charges and accrued income | 490/1 | €2,744 | €4,555 | +€1,812 | +66.0% |
| Total equity and liabilities | 10/49 | €4,927,547 | €4,687,971 | -€239,575 | -4.9% |
| Equity | 10/15 | €1,852,846 | €2,319,442 | +€466,596 | +25.2% |
| Contributions | 10/11 | €62,000 | €542,000 | +€480,000 | +774.2% |
| Capital | 10 | €62,000 | €542,000 | +€480,000 | +774.2% |
| Issued capital | 100 | €62,000 | €542,000 | +€480,000 | +774.2% |
| Reserves | 13 | €1,324,622 | €1,296,624 | -€27,997 | -2.1% |
| Non-distributable reserves | 130/1 | €6,200 | €54,200 | +€48,000 | +774.2% |
| Legal reserve | 130 | €6,200 | €54,200 | +€48,000 | +774.2% |
| Tax-exempt reserves | 132 | €1,318,422 | €1,242,424 | -€75,997 | -5.8% |
| Profit (loss) carried forward | 14 | €466,224 | €480,818 | +€14,594 | +3.1% |
| Provisions and deferred taxes | 16 | €439,474 | €414,141 | -€25,332 | -5.8% |
| Deferred taxes | 168 | €439,474 | €414,141 | -€25,332 | -5.8% |
| Amounts payable | 17/49 | €2,635,227 | €1,954,388 | -€680,839 | -25.8% |
| Amounts payable after more than one year | 17 | €1,837,885 | €1,706,573 | -€131,311 | -7.1% |
| Financial debts | 170/4 | €1,837,885 | €1,706,573 | -€131,311 | -7.1% |
| Amounts payable within one year | 42/48 | €768,376 | €218,309 | -€550,067 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €128,778 | €131,311 | +€2,533 | +2.0% |
| Trade debts | 44 | €123,918 | €6,710 | -€117,208 | -94.6% |
| Suppliers | 440/4 | €123,918 | €6,710 | -€117,208 | -94.6% |
| Taxes, remuneration and social security | 45 | €71,051 | €46,818 | -€24,233 | -34.1% |
| Taxes | 450/3 | €71,051 | €46,818 | -€24,233 | -34.1% |
| Other amounts payable | 47/48 | €444,629 | €33,470 | -€411,158 | -92.5% |
| Accrued charges and deferred income | 492/3 | €28,967 | €29,506 | +€539 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,732 | €201,244 | +€8,512 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,449 | €30,960 | +€7,512 | +32.0% |
| Other operating charges | 640/8 | €40,593 | €42,864 | +€2,271 | +5.6% |
| Gross operating margin | 9900 | €514,752 | €345,958 | -€168,793 | -32.8% |
| Operating profit (loss) | 9901 | €257,978 | €70,890 | -€187,088 | -72.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €86,583 | €88,471 | +€1,888 | +2.2% |
| Recurring financial charges | 65 | €86,583 | €88,471 | +€1,888 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €171,396 | -€17,581 | -€188,977 | |
| Transfer from deferred taxes | 780 | €25,332 | €25,332 | = | 0.0% |
| Income taxes | 67/77 | €71,818 | €21,155 | -€50,663 | -70.5% |
| Profit (loss) for the period | 9904 | €124,910 | -€13,404 | -€138,314 | |
| Transfer from tax-exempt reserves | 789 | €75,997 | €75,997 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,908 | €62,594 | -€138,314 | -68.8% |
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 4 October 2026 via checked.be.