COS CONSTRUCTIONS: 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.
COS CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€33,542
down €33,542 (-34.4%), from €97,580 to €64,038
- Receivables within one year -€30,763
down €30,763 (-55.1%), from €55,847 to €25,084
of which Trade receivables: -€31,285
- Cash -€22,400
down €22,400 (-68.1%), from €32,872 to €10,472
mainly Trade debts (-€41,918) and Debts after one year (-€29,244)
- Deferred charges and accrued income -€2,758
down €2,758 (-60.6%), from €4,551 to €1,793
- Trade debts -€41,918
no longer reported in 2025 (was €41,918)
- Debts after one year -€29,244
down €29,244 (-64.0%), from €45,690 to €16,445
- Profit (loss) carried forward -€13,975
down €13,975 (-472.8%), from -€2,956 to -€16,931
- Tax, wage and social debts -€3,433
down €3,433 (-37.3%), from €9,208 to €5,774
- Other debts -€2,187
down €2,187 (-87.8%), from €2,491 to €304
- Gross operating margin -€83,857
down €83,857 (-75.0%), from €111,875 to €28,018
- Other operating charges -€69,779
down €69,779 (-90.4%), from €77,202 to €7,423
- Depreciation -€1,800
down €1,800 (-5.6%), from €32,412 to €30,612
- Financial charges -€1,283
down €1,283 (-29.8%), from €4,300 to €3,017
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 | €199,249 | €109,786 | -€89,463 | -44.9% |
| Fixed assets | 21/28 | €105,980 | €72,438 | -€33,542 | -31.6% |
| Tangible fixed assets | 22/27 | €97,580 | €64,038 | -€33,542 | -34.4% |
| Furniture and vehicles | 24 | €97,580 | €64,038 | -€33,542 | -34.4% |
| Financial fixed assets | 28 | €8,400 | €8,400 | = | 0.0% |
| Current assets | 29/58 | €93,269 | €37,348 | -€55,921 | -60.0% |
| Amounts receivable within one year | 40/41 | €55,847 | €25,084 | -€30,763 | -55.1% |
| Trade receivables | 40 | €46,422 | €15,137 | -€31,285 | -67.4% |
| Other amounts receivable | 41 | €9,425 | €9,947 | +€522 | +5.5% |
| Cash at bank and in hand | 54/58 | €32,872 | €10,472 | -€22,400 | -68.1% |
| Deferred charges and accrued income | 490/1 | €4,551 | €1,793 | -€2,758 | -60.6% |
| Total equity and liabilities | 10/49 | €199,249 | €109,786 | -€89,463 | -44.9% |
| Equity | 10/15 | €71,993 | €58,018 | -€13,975 | -19.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,949 | €71,949 | = | 0.0% |
| Distributable reserves | 133 | €71,949 | €71,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,956 | -€16,931 | -€13,975 | -472.8% |
| Amounts payable | 17/49 | €127,256 | €51,768 | -€75,488 | -59.3% |
| Amounts payable after more than one year | 17 | €45,690 | €16,445 | -€29,244 | -64.0% |
| Financial debts | 170/4 | €45,690 | €16,445 | -€29,244 | -64.0% |
| Amounts payable within one year | 42/48 | €81,566 | €35,323 | -€46,243 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €27,949 | €29,244 | +€1,295 | +4.6% |
| Trade debts | 44 | €41,918 | - | -€41,918 | |
| Suppliers | 440/4 | €41,918 | - | -€41,918 | |
| Taxes, remuneration and social security | 45 | €9,208 | €5,774 | -€3,433 | -37.3% |
| Taxes | 450/3 | €9,208 | €5,774 | -€3,433 | -37.3% |
| Other amounts payable | 47/48 | €2,491 | €304 | -€2,187 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,412 | €30,612 | -€1,800 | -5.6% |
| Other operating charges | 640/8 | €77,202 | €7,423 | -€69,779 | -90.4% |
| Gross operating margin | 9900 | €111,875 | €28,018 | -€83,857 | -75.0% |
| Operating profit (loss) | 9901 | €2,261 | -€10,017 | -€12,278 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.9% |
| Financial charges | 65/66B | €4,300 | €3,017 | -€1,283 | -29.8% |
| Recurring financial charges | 65 | €4,300 | €3,017 | -€1,283 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,039 | -€13,034 | -€10,994 | -539.1% |
| Income taxes | 67/77 | €917 | €942 | +€25 | +2.7% |
| Profit (loss) for the period | 9904 | -€2,956 | -€13,975 | -€11,020 | -372.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,956 | -€13,975 | -€11,020 | -372.8% |
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.