COCOON: 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.
COCOON
Largest movements
- Stocks and contracts +€58,019
up €58,019 (+20.3%), from €286,106 to €344,125
- Reserves +€42,310
up €42,310 (+2275.7%), from €1,859 to €44,169
of which Distributable reserves: +€42,310
- Advances received -€17,036
down €17,036 (-100.0%), from €17,036 to €0
- Trade debts +€16,875
up €16,875 (+46.0%), from €36,673 to €53,549
- Other debts +€14,135
up €14,135 (+16.3%), from €86,883 to €101,018
- Tax, wage and social debts -€9,915
down €9,915 (-63.3%), from €15,652 to €5,737
of which Taxes: -€11,847
- Gross operating margin +€12,744
up €12,744 (+11.8%), from €107,689 to €120,433
- Depreciation -€4,510
down €4,510 (-15.9%), from €28,395 to €23,885
- Staff costs +€3,645
up €3,645 (+4197.2%), from €87 to €3,732
- Taxes +€3,250
up €3,250 (+23.4%), from €13,867 to €17,116
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 | €909,420 | €967,850 | +€58,430 | +6.4% |
| Fixed assets | 21/28 | €596,201 | €605,665 | +€9,464 | +1.6% |
| Tangible fixed assets | 22/27 | €596,201 | €605,665 | +€9,464 | +1.6% |
| Land and buildings | 22 | €549,961 | €535,479 | -€14,483 | -2.6% |
| Plant, machinery and equipment | 23 | €6,165 | €4,393 | -€1,771 | -28.7% |
| Furniture and vehicles | 24 | €40,075 | €65,793 | +€25,718 | +64.2% |
| Current assets | 29/58 | €313,219 | €362,185 | +€48,966 | +15.6% |
| Stocks and contracts in progress | 3 | €286,106 | €344,125 | +€58,019 | +20.3% |
| Stocks | 30/36 | €286,106 | €344,125 | +€58,019 | +20.3% |
| Amounts receivable within one year | 40/41 | €6,644 | €5,301 | -€1,342 | -20.2% |
| Trade receivables | 40 | €144 | €1,301 | +€1,157 | +802.0% |
| Other amounts receivable | 41 | €6,500 | €4,000 | -€2,500 | -38.5% |
| Cash at bank and in hand | 54/58 | €20,469 | €10,913 | -€9,556 | -46.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,846 | +€1,846 | |
| Total equity and liabilities | 10/49 | €909,420 | €967,850 | +€58,430 | +6.4% |
| Equity | 10/15 | €243,843 | €286,153 | +€42,310 | +17.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €44,169 | +€42,310 | +2275.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €42,310 | +€42,310 | |
| Profit (loss) carried forward | 14 | €223,392 | €223,392 | = | 0.0% |
| Amounts payable | 17/49 | €665,577 | €681,698 | +€16,120 | +2.4% |
| Amounts payable after more than one year | 17 | €467,176 | €470,879 | +€3,703 | +0.8% |
| Financial debts | 170/4 | €467,176 | €470,879 | +€3,703 | +0.8% |
| Amounts payable within one year | 42/48 | €190,855 | €203,211 | +€12,356 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €34,611 | €42,908 | +€8,297 | +24.0% |
| Trade debts | 44 | €36,673 | €53,549 | +€16,875 | +46.0% |
| Suppliers | 440/4 | €36,673 | €53,549 | +€16,875 | +46.0% |
| Advances received on contracts in progress | 46 | €17,036 | €0 | -€17,036 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,652 | €5,737 | -€9,915 | -63.3% |
| Taxes | 450/3 | €15,652 | €3,805 | -€11,847 | -75.7% |
| Remuneration and social security | 454/9 | - | €1,931 | +€1,931 | |
| Other amounts payable | 47/48 | €86,883 | €101,018 | +€14,135 | +16.3% |
| Accrued charges and deferred income | 492/3 | €7,546 | €7,608 | +€61 | +0.8% |
| Remuneration, social security and pensions | 62 | €87 | €3,732 | +€3,645 | +4197.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,395 | €23,885 | -€4,510 | -15.9% |
| Other operating charges | 640/8 | €4,305 | €4,386 | +€81 | +1.9% |
| Non-recurring operating charges | 66A | - | €12,382 | +€12,382 | |
| Gross operating margin | 9900 | €107,689 | €120,433 | +€12,744 | +11.8% |
| Operating profit (loss) | 9901 | €74,902 | €76,047 | +€1,145 | +1.5% |
| Financial income | 75/76B | €639 | €1,762 | +€1,123 | +175.7% |
| Recurring financial income | 75 | €639 | €1,762 | +€1,123 | +175.7% |
| Financial charges | 65/66B | €19,276 | €18,383 | -€893 | -4.6% |
| Recurring financial charges | 65 | €19,276 | €18,383 | -€893 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €56,265 | €59,426 | +€3,161 | +5.6% |
| Income taxes | 67/77 | €13,867 | €17,116 | +€3,250 | +23.4% |
| Profit (loss) for the period | 9904 | €42,398 | €42,310 | -€88 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,398 | €42,310 | -€88 | -0.2% |
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 28 September 2026 via checked.be.