COS'ulting: 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'ulting
Largest movements
- Cash -€75,953
down €75,953 (-68.9%), from €110,261 to €34,308
mainly Contributions, distributions and other (-€149,179) and Debts after one year (-€13,946)
- Tangible fixed assets -€14,042
down €14,042 (-36.4%), from €38,626 to €24,584
- Receivables within one year +€4,054
up €4,054 (+15.1%), from €26,862 to €30,916
- Profit (loss) carried forward -€105,997
no longer reported in 2025 (was €105,997)
- Other debts +€43,296
new in 2025: €43,296
- Debts after one year -€13,946
down €13,946 (-54.0%), from €25,832 to €11,886
- Tax, wage and social debts -€9,335
down €9,335 (-33.1%), from €28,191 to €18,856
- Gross operating margin +€12,147
up €12,147 (+20.3%), from €59,704 to €71,851
- Taxes +€2,372
up €2,372 (+24.4%), from €9,716 to €12,088
- Other operating charges +€758
up €758 (+95.5%), from €794 to €1,552
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 | €177,472 | €91,363 | -€86,109 | -48.5% |
| Fixed assets | 21/28 | €38,626 | €24,584 | -€14,042 | -36.4% |
| Tangible fixed assets | 22/27 | €38,626 | €24,584 | -€14,042 | -36.4% |
| Furniture and vehicles | 24 | €38,626 | €24,584 | -€14,042 | -36.4% |
| Current assets | 29/58 | €138,846 | €66,779 | -€72,066 | -51.9% |
| Amounts receivable within one year | 40/41 | €26,862 | €30,916 | +€4,054 | +15.1% |
| Trade receivables | 40 | €26,862 | €30,916 | +€4,054 | +15.1% |
| Cash at bank and in hand | 54/58 | €110,261 | €34,308 | -€75,953 | -68.9% |
| Deferred charges and accrued income | 490/1 | €1,723 | €1,556 | -€167 | -9.7% |
| Total equity and liabilities | 10/49 | €177,472 | €91,363 | -€86,109 | -48.5% |
| Equity | 10/15 | €108,997 | €3,000 | -€105,997 | -97.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,997 | - | -€105,997 | |
| Amounts payable | 17/49 | €68,475 | €88,363 | +€19,888 | +29.0% |
| Amounts payable after more than one year | 17 | €25,832 | €11,886 | -€13,946 | -54.0% |
| Financial debts | 170/4 | €25,832 | €11,886 | -€13,946 | -54.0% |
| Amounts payable within one year | 42/48 | €42,643 | €76,477 | +€33,834 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €13,607 | €13,946 | +€339 | +2.5% |
| Trade debts | 44 | €845 | €379 | -€466 | -55.1% |
| Suppliers | 440/4 | €845 | €379 | -€466 | -55.1% |
| Taxes, remuneration and social security | 45 | €28,191 | €18,856 | -€9,335 | -33.1% |
| Taxes | 450/3 | €28,191 | €18,856 | -€9,335 | -33.1% |
| Other amounts payable | 47/48 | - | €43,296 | +€43,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,042 | €14,042 | = | 0.0% |
| Other operating charges | 640/8 | €794 | €1,552 | +€758 | +95.5% |
| Gross operating margin | 9900 | €59,704 | €71,851 | +€12,147 | +20.3% |
| Operating profit (loss) | 9901 | €44,868 | €56,257 | +€11,389 | +25.4% |
| Financial charges | 65/66B | €1,295 | €987 | -€308 | -23.8% |
| Recurring financial charges | 65 | €1,295 | €987 | -€308 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €43,572 | €55,270 | +€11,698 | +26.8% |
| Income taxes | 67/77 | €9,716 | €12,088 | +€2,372 | +24.4% |
| Profit (loss) for the period | 9904 | €33,856 | €43,182 | +€9,325 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,856 | €43,182 | +€9,325 | +27.5% |
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 25 October 2026 via checked.be.