COS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments -€140,000
no longer reported in 2025 (was €140,000)
- Cash +€40,871
up €40,871 (+121%), from €33,917 to €74,788
mainly Current investments (+€140,000) and Net result for the year (+€9,337)
- Deferred charges and accrued income +€14,221
up €14,221 (+145%), from €9,810 to €24,031
- Receivables within one year +€6,521
up €6,521 (+50.7%), from €12,856 to €19,377
- Tangible fixed assets -€2,368
down €2,368 (-43.3%), from €5,466 to €3,097
- Profit (loss) carried forward -€81,251
down €81,251 (-40.6%), from €200,049 to €118,798
- Gross operating margin -€207,850
down €207,850 (-93.0%), from €223,438 to €15,588
- Taxes +€4,442
up €4,442 (+2,376%), from €187 to €4,629
- Financial charges -€2,288
down €2,288 (-88.1%), from €2,597 to €309
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 | €202,049 | €121,294 | -€80,755 | -40.0% |
| Fixed assets | 21/28 | €5,466 | €3,097 | -€2,368 | -43.3% |
| Tangible fixed assets | 22/27 | €5,466 | €3,097 | -€2,368 | -43.3% |
| Furniture and vehicles | 24 | €5,466 | €3,097 | -€2,368 | -43.3% |
| Current assets | 29/58 | €196,583 | €118,197 | -€78,387 | -39.9% |
| Amounts receivable within one year | 40/41 | €12,856 | €19,377 | +€6,521 | +50.7% |
| Other amounts receivable | 41 | €12,856 | €19,377 | +€6,521 | +50.7% |
| Current investments | 50/53 | €140,000 | - | -€140,000 | |
| Cash at bank and in hand | 54/58 | €33,917 | €74,788 | +€40,871 | +121% |
| Deferred charges and accrued income | 490/1 | €9,810 | €24,031 | +€14,221 | +145% |
| Total equity and liabilities | 10/49 | €202,049 | €121,294 | -€80,755 | -40.0% |
| Equity | 10/15 | €202,049 | €120,798 | -€81,251 | -40.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,049 | €118,798 | -€81,251 | -40.6% |
| Amounts payable | 17/49 | - | €496 | +€496 | |
| Amounts payable within one year | 42/48 | - | €496 | +€496 | |
| Trade debts | 44 | - | €496 | +€496 | |
| Suppliers | 440/4 | - | €496 | +€496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,794 | €2,368 | -€426 | -15.2% |
| Other operating charges | 640/8 | €752 | €377 | -€376 | -50.0% |
| Gross operating margin | 9900 | €223,438 | €15,588 | -€207,850 | -93.0% |
| Operating profit (loss) | 9901 | €219,891 | €12,843 | -€207,048 | -94.2% |
| Financial income | 75/76B | €590 | €1,431 | +€842 | +143% |
| Recurring financial income | 75 | €590 | €1,431 | +€842 | +143% |
| Financial charges | 65/66B | €2,597 | €309 | -€2,288 | -88.1% |
| Recurring financial charges | 65 | €2,597 | €309 | -€2,288 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €217,883 | €13,965 | -€203,918 | -93.6% |
| Income taxes | 67/77 | €187 | €4,629 | +€4,442 | +2,376% |
| Profit (loss) for the period | 9904 | €217,696 | €9,337 | -€208,360 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €217,696 | €9,337 | -€208,360 | -95.7% |
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 22 October 2026 via checked.be.