COCORICO: 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.
COCORICO
Largest movements
- Cash -€58,116
down €58,116 (-60.0%), from €96,791 to €38,675
mainly Contributions, distributions and other (-€130,858) and Other debts (-€85,431)
- Tangible fixed assets -€36,744
down €36,744 (-25.6%), from €143,420 to €106,676
of which Plant, machinery and equipment: -€36,295
- Stocks and contracts -€5,949
down €5,949 (-21.2%), from €28,072 to €22,123
- Other debts -€85,431
no longer reported in 2025 (was €85,431)
- Reserves -€77,245
down €77,245 (-49.7%), from €155,317 to €78,072
of which Distributable reserves: -€76,457
- Trade debts +€56,856
up €56,856 (+940.6%), from €6,045 to €62,901
- Tax, wage and social debts +€16,035
up €16,035 (+34.6%), from €46,352 to €62,386
of which Taxes: +€20,792
- Current portion of long-term debt -€5,443
down €5,443 (-66.3%), from €8,207 to €2,764
- Staff costs +€33,751
up €33,751 (+14.1%), from €238,583 to €272,333
- Gross operating margin +€16,686
up €16,686 (+4.1%), from €404,505 to €421,191
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 | €333,832 | €232,080 | -€101,752 | -30.5% |
| Fixed assets | 21/28 | €148,060 | €111,616 | -€36,444 | -24.6% |
| Tangible fixed assets | 22/27 | €143,420 | €106,676 | -€36,744 | -25.6% |
| Plant, machinery and equipment | 23 | €98,660 | €62,366 | -€36,295 | -36.8% |
| Furniture and vehicles | 24 | €18,603 | €19,326 | +€723 | +3.9% |
| Other tangible fixed assets | 26 | €26,157 | €24,984 | -€1,173 | -4.5% |
| Financial fixed assets | 28 | €4,640 | €4,940 | +€300 | +6.5% |
| Current assets | 29/58 | €185,772 | €120,464 | -€65,309 | -35.2% |
| Stocks and contracts in progress | 3 | €28,072 | €22,123 | -€5,949 | -21.2% |
| Stocks | 30/36 | €28,072 | €22,123 | -€5,949 | -21.2% |
| Amounts receivable within one year | 40/41 | €24,746 | €23,941 | -€805 | -3.3% |
| Trade receivables | 40 | €9,308 | €9,906 | +€599 | +6.4% |
| Other amounts receivable | 41 | €15,438 | €14,035 | -€1,404 | -9.1% |
| Cash at bank and in hand | 54/58 | €96,791 | €38,675 | -€58,116 | -60.0% |
| Deferred charges and accrued income | 490/1 | €36,164 | €35,725 | -€439 | -1.2% |
| Total equity and liabilities | 10/49 | €333,832 | €232,080 | -€101,752 | -30.5% |
| Equity | 10/15 | €173,909 | €96,664 | -€77,245 | -44.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €155,317 | €78,072 | -€77,245 | -49.7% |
| Tax-exempt reserves | 132 | €24,459 | €23,671 | -€788 | -3.2% |
| Distributable reserves | 133 | €130,858 | €54,401 | -€76,457 | -58.4% |
| Provisions and deferred taxes | 16 | €403 | €140 | -€263 | -65.2% |
| Deferred taxes | 168 | €403 | €140 | -€263 | -65.2% |
| Amounts payable | 17/49 | €159,520 | €135,276 | -€24,245 | -15.2% |
| Amounts payable after more than one year | 17 | €2,764 | - | -€2,764 | |
| Financial debts | 170/4 | €2,764 | - | -€2,764 | |
| Amounts payable within one year | 42/48 | €146,035 | €128,051 | -€17,983 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €8,207 | €2,764 | -€5,443 | -66.3% |
| Trade debts | 44 | €6,045 | €62,901 | +€56,856 | +940.6% |
| Suppliers | 440/4 | €6,045 | €62,901 | +€56,856 | +940.6% |
| Taxes, remuneration and social security | 45 | €46,352 | €62,386 | +€16,035 | +34.6% |
| Taxes | 450/3 | €26,897 | €47,689 | +€20,792 | +77.3% |
| Remuneration and social security | 454/9 | €19,455 | €14,698 | -€4,757 | -24.5% |
| Other amounts payable | 47/48 | €85,431 | - | -€85,431 | |
| Accrued charges and deferred income | 492/3 | €10,721 | €7,224 | -€3,497 | -32.6% |
| Non-recurring operating income | 76A | €353 | €1,500 | +€1,147 | +325.2% |
| Remuneration, social security and pensions | 62 | €238,583 | €272,333 | +€33,751 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,211 | €65,462 | -€749 | -1.1% |
| Other operating charges | 640/8 | €2,764 | €2,942 | +€178 | +6.5% |
| Non-recurring operating charges | 66A | €1,152 | - | -€1,152 | |
| Gross operating margin | 9900 | €404,505 | €421,191 | +€16,686 | +4.1% |
| Operating profit (loss) | 9901 | €95,796 | €80,454 | -€15,342 | -16.0% |
| Financial income | 75/76B | €77 | €75 | -€1 | -1.7% |
| Recurring financial income | 75 | €77 | €75 | -€1 | -1.7% |
| Financial charges | 65/66B | €8,576 | €5,272 | -€3,304 | -38.5% |
| Recurring financial charges | 65 | €8,576 | €5,272 | -€3,304 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €87,296 | €75,258 | -€12,039 | -13.8% |
| Transfer from deferred taxes | 780 | €263 | €263 | = | 0.0% |
| Income taxes | 67/77 | €25,781 | €21,907 | -€3,874 | -15.0% |
| Profit (loss) for the period | 9904 | €61,778 | €53,613 | -€8,165 | -13.2% |
| Transfer from tax-exempt reserves | 789 | €788 | €788 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,566 | €54,401 | -€8,165 | -13.0% |
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 10 October 2026 via checked.be.