COCORAX: 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.
COCORAX
Largest movements
- Receivables within one year -€10,224
down €10,224 (-16.1%), from €63,397 to €53,173
of which Trade receivables: -€12,407
- Cash -€6,490
down €6,490 (-12.2%), from €53,307 to €46,817
mainly Net result for the year (-€15,113) and Investment in fixed assets (net) (-€2,503)
- Reserves -€15,113
down €15,113 (-18.6%), from €81,251 to €66,138
- Tax, wage and social debts -€1,285
down €1,285 (-5.1%), from €25,244 to €23,959
- Trade debts +€1,284
up €1,284 (+103.1%), from €1,246 to €2,529
- Gross operating margin -€119,174
down €119,174, from €106,398 to -€12,776
- Taxes -€22,797
down €22,797 (-98.8%), from €23,066 to €269
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 | €119,812 | €103,628 | -€16,184 | -13.5% |
| Fixed assets | 21/28 | €2,517 | €3,638 | +€1,121 | +44.6% |
| Tangible fixed assets | 22/27 | €2,517 | €3,638 | +€1,121 | +44.6% |
| Furniture and vehicles | 24 | €2,517 | €3,638 | +€1,121 | +44.6% |
| Current assets | 29/58 | €117,296 | €99,990 | -€17,306 | -14.8% |
| Amounts receivable within one year | 40/41 | €63,397 | €53,173 | -€10,224 | -16.1% |
| Trade receivables | 40 | €63,381 | €50,974 | -€12,407 | -19.6% |
| Other amounts receivable | 41 | €16 | €2,199 | +€2,182 | +13364.8% |
| Cash at bank and in hand | 54/58 | €53,307 | €46,817 | -€6,490 | -12.2% |
| Deferred charges and accrued income | 490/1 | €591 | €0 | -€591 | -100.0% |
| Total equity and liabilities | 10/49 | €119,812 | €103,628 | -€16,184 | -13.5% |
| Equity | 10/15 | €86,251 | €71,138 | -€15,113 | -17.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,251 | €66,138 | -€15,113 | -18.6% |
| Distributable reserves | 133 | €81,251 | €66,138 | -€15,113 | -18.6% |
| Amounts payable | 17/49 | €33,562 | €32,490 | -€1,071 | -3.2% |
| Amounts payable within one year | 42/48 | €33,562 | €32,490 | -€1,071 | -3.2% |
| Trade debts | 44 | €1,246 | €2,529 | +€1,284 | +103.1% |
| Suppliers | 440/4 | €1,246 | €2,529 | +€1,284 | +103.1% |
| Taxes, remuneration and social security | 45 | €25,244 | €23,959 | -€1,285 | -5.1% |
| Taxes | 450/3 | €25,244 | €23,959 | -€1,285 | -5.1% |
| Other amounts payable | 47/48 | €7,072 | €6,002 | -€1,070 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431 | €1,382 | +€951 | +221.0% |
| Other operating charges | 640/8 | €1,549 | €602 | -€947 | -61.1% |
| Gross operating margin | 9900 | €106,398 | -€12,776 | -€119,174 | |
| Operating profit (loss) | 9901 | €104,419 | -€14,760 | -€119,179 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €102 | €109 | +€7 | +6.4% |
| Recurring financial charges | 65 | €102 | €109 | +€7 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €104,317 | -€14,843 | -€119,160 | |
| Income taxes | 67/77 | €23,066 | €269 | -€22,797 | -98.8% |
| Profit (loss) for the period | 9904 | €81,251 | -€15,113 | -€96,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,251 | -€15,113 | -€96,363 |
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 7 October 2026 via checked.be.