COS & CO: 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.
COS & CO
Largest movements
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Tangible fixed assets -€274,940
down €274,940 (-15.7%), from €1.8m to €1.5m
of which Land and buildings: -€259,591
- Receivables within one year +€56,770
up €56,770 (+345%), from €16,447 to €73,217
of which Other amounts receivable: +€56,770
- Cash +€39,935
up €39,935 (+13.8%), from €289,319 to €329,254
mainly Current investments (+€400,000) and Investment in fixed assets (net) (+€190,131)
- Reserves -€513,500
down €513,500 (-33.7%), from €1.5m to €1.0m
of which Distributable reserves: -€513,500
- Debts after one year -€73,918
down €73,918 (-9.6%), from €772,440 to €698,522
- Gross operating margin +€79,933
up €79,933 (+104%), from €77,141 to €157,074
- Financial income -€15,496
down €15,496 (-73.1%), from €21,198 to €5,702
- Depreciation -€12,732
down €12,732 (-13.1%), from €97,541 to €84,809
- Taxes +€6,421
up €6,421 (+1,824%), from €352 to €6,773
- Financial charges -€1,965
down €1,965 (-8.3%), from €23,689 to €21,724
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,558,716 | €1,975,937 | -€582,779 | -22.8% |
| Fixed assets | 21/28 | €1,756,629 | €1,481,689 | -€274,940 | -15.7% |
| Tangible fixed assets | 22/27 | €1,756,334 | €1,481,394 | -€274,940 | -15.7% |
| Land and buildings | 22 | €1,688,437 | €1,428,846 | -€259,591 | -15.4% |
| Plant, machinery and equipment | 23 | €6,257 | €4,220 | -€2,037 | -32.6% |
| Furniture and vehicles | 24 | €59,640 | €44,628 | -€15,012 | -25.2% |
| Other tangible fixed assets | 26 | €2,000 | €3,700 | +€1,700 | +85.0% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €802,087 | €494,248 | -€307,839 | -38.4% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,447 | €73,217 | +€56,770 | +345% |
| Trade receivables | 40 | €1,151 | €1,151 | = | 0.0% |
| Other amounts receivable | 41 | €15,296 | €72,066 | +€56,770 | +371% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €289,319 | €329,254 | +€39,935 | +13.8% |
| Deferred charges and accrued income | 490/1 | €6,321 | €1,777 | -€4,544 | -71.9% |
| Total equity and liabilities | 10/49 | €2,558,716 | €1,975,937 | -€582,779 | -22.8% |
| Equity | 10/15 | €1,707,827 | €1,194,415 | -€513,412 | -30.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,523,910 | €1,010,410 | -€513,500 | -33.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,750 | €217,750 | = | 0.0% |
| Distributable reserves | 133 | €1,304,300 | €790,800 | -€513,500 | -39.4% |
| Profit (loss) carried forward | 14 | €171,517 | €171,605 | +€88 | +0.1% |
| Amounts payable | 17/49 | €850,889 | €781,522 | -€69,367 | -8.2% |
| Amounts payable after more than one year | 17 | €772,440 | €698,522 | -€73,918 | -9.6% |
| Financial debts | 170/4 | €772,440 | €698,522 | -€73,918 | -9.6% |
| Amounts payable within one year | 42/48 | €78,080 | €82,631 | +€4,551 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €71,983 | €73,918 | +€1,935 | +2.7% |
| Trade debts | 44 | €6,029 | €2,562 | -€3,467 | -57.5% |
| Suppliers | 440/4 | €6,029 | €2,562 | -€3,467 | -57.5% |
| Taxes, remuneration and social security | 45 | €68 | €6,151 | +€6,083 | +8,946% |
| Taxes | 450/3 | €68 | €6,151 | +€6,083 | +8,946% |
| Accrued charges and deferred income | 492/3 | €369 | €369 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,541 | €84,809 | -€12,732 | -13.1% |
| Other operating charges | 640/8 | €10,058 | €8,882 | -€1,176 | -11.7% |
| Gross operating margin | 9900 | €77,141 | €157,074 | +€79,933 | +104% |
| Operating profit (loss) | 9901 | -€30,458 | €63,383 | +€93,841 | |
| Financial income | 75/76B | €21,198 | €5,702 | -€15,496 | -73.1% |
| Recurring financial income | 75 | €21,198 | €5,702 | -€15,496 | -73.1% |
| Financial charges | 65/66B | €23,689 | €21,724 | -€1,965 | -8.3% |
| Recurring financial charges | 65 | €23,689 | €21,724 | -€1,965 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,949 | €47,361 | +€80,310 | |
| Income taxes | 67/77 | €352 | €6,773 | +€6,421 | +1,824% |
| Profit (loss) for the period | 9904 | -€33,301 | €40,588 | +€73,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,301 | €40,588 | +€73,889 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.