COCRO: 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.
What changed
COCRO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · -€319,394+€3.1m
Equity
-€834,947
2024 · -€3.7m+€2.8m
Cash
€92,357
2024 · €24,775+€67,582
Balance sheet total
€20.3m
2024 · €19.0m+€1.3m
Largest movements
Assets
- Financial fixed assets +€1.5m
up €1.5m (+27.4%), from €5.5m to €7.0m
- Tangible fixed assets -€464,378
down €464,378 (-3.4%), from €13.5m to €13.0m
Equity and liabilities
- Reserves +€3.1m
up €3.1m (+667%), from €461,204 to €3.5m
of which Tax-exempt reserves: +€3.1m
- Debts after one year -€2.0m
down €2.0m (-10.3%), from €19.8m to €17.8m
of which Other amounts payable: -€1.3m
- Provisions +€1.0m
up €1.0m (+535%), from €191,125 to €1.2m
- Short-term financial debts -€531,515
down €531,515 (-86.5%), from €614,726 to €83,211
- Profit (loss) carried forward -€255,362
down €255,362 (-6.1%), from -€4.2m to -€4.4m
Income statement
- Gross operating margin +€4.0m
up €4.0m (+330%), from €1.2m to €5.2m
- Financial charges -€182,548
down €182,548 (-20.8%), from €879,265 to €696,717
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.
Result 2024
-€319,394
Gross operating margin
+€4.0m
Staff costs
-€1,618
Depreciation
+€11,020
Other operating charges
-€37,672
Financial income
+€10,736
Financial charges
+€182,548
Deferred taxes and other
-€1.0m
Result 2025
€2.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€4.2m
Investment
-€1.5m
Financing
-€2.7m
Cash 2024
€24,775
From operations (derived)
+€4.2m
Net result for the year
+€2.8m
Depreciation
+€435,618
Receivables within one year
-€105,958
Deferred charges and accrued income
-€105,334
Provisions
+€1.0m
Trade debts
+€36,065
Tax, wage and social debts
+€755
Advances received
-€10,967
Other debts
+€137,663
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€2.7m
Debts after one year
-€2.0m
Current portion of long-term debt
-€116,250
Short-term financial debts
-€531,515
Cash 2025
€92,357
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,020,960 | €20,335,455 | +€1.3m | +6.9% |
| Fixed assets | 21/28 | €18,957,932 | €19,993,554 | +€1.0m | +5.5% |
| Tangible fixed assets | 22/27 | €13,487,636 | €13,023,257 | -€464,378 | -3.4% |
| Land and buildings | 22 | €13,487,636 | €13,023,257 | -€464,378 | -3.4% |
| Financial fixed assets | 28 | €5,470,297 | €6,970,297 | +€1.5m | +27.4% |
| Current assets | 29/58 | €63,028 | €341,901 | +€278,873 | +442% |
| Amounts receivable within one year | 40/41 | €15,529 | €121,487 | +€105,958 | +682% |
| Trade receivables | 40 | €15,529 | €31,600 | +€16,071 | +103% |
| Other amounts receivable | 41 | - | €89,886 | +€89,886 | |
| Cash at bank and in hand | 54/58 | €24,775 | €92,357 | +€67,582 | +273% |
| Deferred charges and accrued income | 490/1 | €22,724 | €128,057 | +€105,334 | +464% |
| Total equity and liabilities | 10/49 | €19,020,960 | €20,335,455 | +€1.3m | +6.9% |
| Equity | 10/15 | -€3,654,733 | -€834,947 | +€2.8m | +77.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €461,204 | €3,536,353 | +€3.1m | +667% |
| Tax-exempt reserves | 132 | €455,004 | €3,530,153 | +€3.1m | +676% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,177,938 | -€4,433,300 | -€255,362 | -6.1% |
| Provisions and deferred taxes | 16 | €191,125 | €1,213,833 | +€1.0m | +535% |
| Deferred taxes | 168 | €191,125 | €1,213,833 | +€1.0m | +535% |
| Amounts payable | 17/49 | €22,484,568 | €19,956,569 | -€2.5m | -11.2% |
| Amounts payable after more than one year | 17 | €19,840,210 | €17,796,460 | -€2.0m | -10.3% |
| Financial debts | 170/4 | €18,412,500 | €17,675,800 | -€736,700 | -4.0% |
| Other amounts payable | 178/9 | €1,427,710 | €120,660 | -€1.3m | -91.5% |
| Amounts payable within one year | 42/48 | €2,644,358 | €2,160,109 | -€484,249 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €396,250 | €280,000 | -€116,250 | -29.3% |
| Financial debts | 43 | €614,726 | €83,211 | -€531,515 | -86.5% |
| Credit institutions | 430/8 | €614,726 | €83,211 | -€531,515 | -86.5% |
| Trade debts | 44 | €25,980 | €62,045 | +€36,065 | +139% |
| Suppliers | 440/4 | €25,980 | €62,045 | +€36,065 | +139% |
| Advances received on contracts in progress | 46 | €14,543 | €3,576 | -€10,967 | -75.4% |
| Taxes, remuneration and social security | 45 | €1,474 | €2,229 | +€755 | +51.2% |
| Taxes | 450/3 | - | €945 | +€945 | |
| Remuneration and social security | 454/9 | €1,474 | €1,284 | -€190 | -12.9% |
| Other amounts payable | 47/48 | €1,591,386 | €1,729,048 | +€137,663 | +8.7% |
| Remuneration, social security and pensions | 62 | €33,296 | €34,913 | +€1,618 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446,639 | €435,618 | -€11,020 | -2.5% |
| Other operating charges | 640/8 | €186,266 | €223,939 | +€37,672 | +20.2% |
| Gross operating margin | 9900 | €1,214,691 | €5,222,909 | +€4.0m | +330% |
| Operating profit (loss) | 9901 | €548,490 | €4,528,439 | +€4.0m | +726% |
| Financial income | 75/76B | €37 | €10,773 | +€10,736 | +28,883% |
| Recurring financial income | 75 | €37 | €10,773 | +€10,736 | +28,883% |
| Financial charges | 65/66B | €879,265 | €696,717 | -€182,548 | -20.8% |
| Recurring financial charges | 65 | €879,265 | €696,717 | -€182,548 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€330,737 | €3,842,494 | +€4.2m | |
| Transfer from deferred taxes | 780 | €11,344 | €11,344 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €1,034,051 | +€1.0m | |
| Profit (loss) for the period | 9904 | -€319,394 | €2,819,787 | +€3.1m | |
| Transfer from tax-exempt reserves | 789 | €27,005 | €27,005 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €3,102,154 | +€3.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€292,389 | -€255,362 | +€37,026 | +12.7% |
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 27 October 2026 via checked.be.