COS&T: 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&T
Largest movements
- Cash -€153,515
down €153,515 (-32.8%), from €468,433 to €314,917
mainly Contributions, distributions and other (-€315,000) and Current investments (-€150,000)
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year -€92,486
down €92,486 (-29.0%), from €319,382 to €226,896
of which Other amounts receivable: -€152,014
- Tangible fixed assets -€14,974
down €14,974 (-20.0%), from €74,816 to €59,842
of which Furniture and vehicles: -€9,305
- Deferred charges and accrued income +€14,960
up €14,960 (+137%), from €10,905 to €25,865
- Profit (loss) carried forward -€68,712
down €68,712 (-11.2%), from €615,937 to €547,226
- Debts after one year -€60,331
down €60,331 (-27.3%), from €221,015 to €160,684
- Trade debts +€26,355
up €26,355 (+159%), from €16,543 to €42,898
- Staff costs +€35,704
up €35,704 (+35.0%), from €102,034 to €137,738
- Gross operating margin +€34,623
up €34,623 (+8.7%), from €399,882 to €434,505
- Taxes -€13,288
down €13,288 (-27.8%), from €47,842 to €34,554
- Financial income +€6,765
up €6,765 (+114%), from €5,914 to €12,679
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 | €878,956 | €782,940 | -€96,015 | -10.9% |
| Fixed assets | 21/28 | €80,236 | €65,262 | -€14,974 | -18.7% |
| Tangible fixed assets | 22/27 | €74,816 | €59,842 | -€14,974 | -20.0% |
| Plant, machinery and equipment | 23 | €6,238 | €4,693 | -€1,545 | -24.8% |
| Furniture and vehicles | 24 | €53,433 | €44,127 | -€9,305 | -17.4% |
| Other tangible fixed assets | 26 | €15,146 | €11,022 | -€4,124 | -27.2% |
| Financial fixed assets | 28 | €5,420 | €5,420 | = | 0.0% |
| Current assets | 29/58 | €798,720 | €717,678 | -€81,041 | -10.1% |
| Amounts receivable within one year | 40/41 | €319,382 | €226,896 | -€92,486 | -29.0% |
| Trade receivables | 40 | €45,401 | €104,929 | +€59,528 | +131% |
| Other amounts receivable | 41 | €273,980 | €121,967 | -€152,014 | -55.5% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €468,433 | €314,917 | -€153,515 | -32.8% |
| Deferred charges and accrued income | 490/1 | €10,905 | €25,865 | +€14,960 | +137% |
| Total equity and liabilities | 10/49 | €878,956 | €782,940 | -€96,015 | -10.9% |
| Equity | 10/15 | €616,937 | €548,226 | -€68,712 | -11.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,937 | €547,226 | -€68,712 | -11.2% |
| Amounts payable | 17/49 | €262,018 | €234,715 | -€27,303 | -10.4% |
| Amounts payable after more than one year | 17 | €221,015 | €160,684 | -€60,331 | -27.3% |
| Financial debts | 170/4 | €221,015 | €160,684 | -€60,331 | -27.3% |
| Amounts payable within one year | 42/48 | €41,004 | €74,031 | +€33,027 | +80.5% |
| Current portion of amounts payable after more than one year | 42 | €9,989 | €10,331 | +€342 | +3.4% |
| Financial debts | 43 | €36 | €1,526 | +€1,490 | +4,142% |
| Credit institutions | 430/8 | €36 | €1,526 | +€1,490 | +4,142% |
| Trade debts | 44 | €16,543 | €42,898 | +€26,355 | +159% |
| Suppliers | 440/4 | €16,543 | €42,898 | +€26,355 | +159% |
| Taxes, remuneration and social security | 45 | €14,028 | €16,953 | +€2,925 | +20.9% |
| Taxes | 450/3 | €175 | €2,950 | +€2,775 | +1,587% |
| Remuneration and social security | 454/9 | €13,853 | €14,003 | +€150 | +1.1% |
| Other amounts payable | 47/48 | €408 | €2,323 | +€1,915 | +469% |
| Remuneration, social security and pensions | 62 | €102,034 | €137,738 | +€35,704 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,404 | €24,021 | +€2,617 | +12.2% |
| Other operating charges | 640/8 | €1,718 | €1,160 | -€558 | -32.5% |
| Gross operating margin | 9900 | €399,882 | €434,505 | +€34,623 | +8.7% |
| Operating profit (loss) | 9901 | €274,725 | €271,586 | -€3,139 | -1.1% |
| Financial income | 75/76B | €5,914 | €12,679 | +€6,765 | +114% |
| Recurring financial income | 75 | €5,914 | €12,679 | +€6,765 | +114% |
| Financial charges | 65/66B | €3,684 | €3,423 | -€261 | -7.1% |
| Recurring financial charges | 65 | €3,684 | €3,423 | -€261 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €276,955 | €280,842 | +€3,887 | +1.4% |
| Income taxes | 67/77 | €47,842 | €34,554 | -€13,288 | -27.8% |
| Profit (loss) for the period | 9904 | €229,113 | €246,288 | +€17,175 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €229,113 | €246,288 | +€17,175 | +7.5% |
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 17 October 2026 via checked.be.