COCOMO: 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.
COCOMO
Largest movements
- Receivables within one year +€342,598
up €342,598 (+193.3%), from €177,268 to €519,866
of which Trade receivables: +€333,624
- Receivables after one year -€102,534
no longer reported in 2025 (was €102,534)
- Tangible fixed assets -€57,926
down €57,926 (-40.5%), from €142,968 to €85,042
of which Land and buildings: -€49,835
- Intangible fixed assets -€38,885
down €38,885 (-47.0%), from €82,813 to €43,928
- Cash -€20,009
down €20,009 (-4.2%), from €474,557 to €454,548
mainly Receivables within one year (-€342,598) and Debts after one year (-€144,110)
- Trade debts +€321,701
up €321,701 (+124.5%), from €258,436 to €580,137
- Debts after one year -€144,110
down €144,110 (-60.5%), from €238,234 to €94,123
- Profit (loss) carried forward -€62,241
down €62,241, from €1,903 to -€60,338
- Accrued charges and deferred income +€34,744
up €34,744 (+63.0%), from €55,119 to €89,862
- Tax, wage and social debts -€26,218
down €26,218 (-35.5%), from €73,757 to €47,540
of which Taxes: -€22,111
- Gross operating margin -€133,127
down €133,127 (-30.1%), from €442,991 to €309,863
- Staff costs -€31,794
down €31,794 (-11.9%), from €268,221 to €236,427
- Depreciation -€6,271
down €6,271 (-6.1%), from €103,083 to €96,812
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 | €1,066,162 | €1,172,498 | +€106,335 | +10.0% |
| Fixed assets | 21/28 | €225,782 | €128,970 | -€96,812 | -42.9% |
| Intangible fixed assets | 21 | €82,813 | €43,928 | -€38,885 | -47.0% |
| Tangible fixed assets | 22/27 | €142,968 | €85,042 | -€57,926 | -40.5% |
| Land and buildings | 22 | €124,467 | €74,632 | -€49,835 | -40.0% |
| Plant, machinery and equipment | 23 | €9,722 | €6,479 | -€3,243 | -33.4% |
| Furniture and vehicles | 24 | €8,780 | €3,931 | -€4,848 | -55.2% |
| Current assets | 29/58 | €840,381 | €1,043,528 | +€203,147 | +24.2% |
| Amounts receivable after more than one year | 29 | €102,534 | - | -€102,534 | |
| Other amounts receivable | 291 | €102,534 | - | -€102,534 | |
| Stocks and contracts in progress | 3 | €31,277 | €13,395 | -€17,882 | -57.2% |
| Stocks | 30/36 | €38 | €6,290 | +€6,252 | +16344.4% |
| Contracts in progress | 37 | €31,239 | €7,105 | -€24,134 | -77.3% |
| Amounts receivable within one year | 40/41 | €177,268 | €519,866 | +€342,598 | +193.3% |
| Trade receivables | 40 | €129,534 | €463,158 | +€333,624 | +257.6% |
| Other amounts receivable | 41 | €47,734 | €56,708 | +€8,974 | +18.8% |
| Cash at bank and in hand | 54/58 | €474,557 | €454,548 | -€20,009 | -4.2% |
| Deferred charges and accrued income | 490/1 | €54,745 | €55,718 | +€973 | +1.8% |
| Total equity and liabilities | 10/49 | €1,066,162 | €1,172,498 | +€106,335 | +10.0% |
| Equity | 10/15 | €88,853 | €26,612 | -€62,241 | -70.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,950 | €24,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,903 | -€60,338 | -€62,241 | |
| Amounts payable | 17/49 | €977,309 | €1,145,886 | +€168,577 | +17.2% |
| Amounts payable after more than one year | 17 | €238,234 | €94,123 | -€144,110 | -60.5% |
| Financial debts | 170/4 | €238,234 | €94,123 | -€144,110 | -60.5% |
| Amounts payable within one year | 42/48 | €683,957 | €961,900 | +€277,944 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €70,378 | €57,891 | -€12,488 | -17.7% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €258,436 | €580,137 | +€321,701 | +124.5% |
| Suppliers | 440/4 | €258,436 | €580,137 | +€321,701 | +124.5% |
| Advances received on contracts in progress | 46 | €126,397 | €105,733 | -€20,664 | -16.3% |
| Taxes, remuneration and social security | 45 | €73,757 | €47,540 | -€26,218 | -35.5% |
| Taxes | 450/3 | €28,880 | €6,770 | -€22,111 | -76.6% |
| Remuneration and social security | 454/9 | €44,877 | €40,770 | -€4,107 | -9.2% |
| Other amounts payable | 47/48 | €4,989 | €20,601 | +€15,612 | +312.9% |
| Accrued charges and deferred income | 492/3 | €55,119 | €89,862 | +€34,744 | +63.0% |
| Remuneration, social security and pensions | 62 | €268,221 | €236,427 | -€31,794 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,083 | €96,812 | -€6,271 | -6.1% |
| Other operating charges | 640/8 | €7,059 | €7,511 | +€453 | +6.4% |
| Non-recurring operating charges | 66A | €654 | €879 | +€225 | +34.4% |
| Gross operating margin | 9900 | €442,991 | €309,863 | -€133,127 | -30.1% |
| Operating profit (loss) | 9901 | €63,974 | -€31,765 | -€95,739 | |
| Financial income | 75/76B | €5,244 | €4,056 | -€1,188 | -22.6% |
| Recurring financial income | 75 | €5,244 | €4,056 | -€1,188 | -22.6% |
| Financial charges | 65/66B | €37,198 | €32,777 | -€4,421 | -11.9% |
| Recurring financial charges | 65 | €37,198 | €32,777 | -€4,421 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €32,020 | -€60,486 | -€92,506 | |
| Income taxes | 67/77 | €846 | €1,756 | +€910 | +107.5% |
| Profit (loss) for the period | 9904 | €31,174 | -€62,241 | -€93,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,174 | -€62,241 | -€93,416 |
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 12 October 2026 via checked.be.