COSA Invest: what changed
COSA Invest
Largest movements
- Financial fixed assets +€342,000
up €342,000 (+27.1%), from €1.3m to €1.6m
- Receivables within one year -€37,867
down €37,867 (-9.8%), from €385,000 to €347,133
of which Other amounts receivable: -€44,530
- Debts after one year +€129,474
up €129,474 (+21.8%), from €592,618 to €722,092
- Current portion of long-term debt +€75,467
up €75,467 (+92.5%), from €81,562 to €157,029
- Other debts +€60,000
new in 2025: €60,000
- Tax, wage and social debts +€22,856
up €22,856 (+110%), from €20,720 to €43,576
- Financial income -€889,534
down €889,534 (-95.6%), from €930,003 to €40,470
- Gross operating margin +€9,507
up €9,507 (+9.2%), from €102,963 to €112,469
- Taxes +€7,087
up €7,087 (+47.3%), from €14,987 to €22,074
- Financial charges -€6,980
down €6,980 (-17.1%), from €40,720 to €33,740
- Other operating charges -€1,396
down €1,396 (-60.7%), from €2,300 to €903
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,686,188 | €1,985,791 | +€299,602 | +17.8% |
| Fixed assets | 21/28 | €1,262,859 | €1,604,859 | +€342,000 | +27.1% |
| Financial fixed assets | 28 | €1,262,859 | €1,604,859 | +€342,000 | +27.1% |
| Current assets | 29/58 | €423,329 | €380,932 | -€42,398 | -10.0% |
| Amounts receivable within one year | 40/41 | €385,000 | €347,133 | -€37,867 | -9.8% |
| Trade receivables | 40 | - | €6,663 | +€6,663 | |
| Other amounts receivable | 41 | €385,000 | €340,470 | -€44,530 | -11.6% |
| Cash at bank and in hand | 54/58 | €38,137 | €33,799 | -€4,338 | -11.4% |
| Deferred charges and accrued income | 490/1 | €192 | - | -€192 | |
| Total equity and liabilities | 10/49 | €1,686,188 | €1,985,791 | +€299,602 | +17.8% |
| Equity | 10/15 | €983,914 | €1,000,135 | +€16,222 | +1.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €978,914 | €995,135 | +€16,222 | +1.7% |
| Amounts payable | 17/49 | €702,275 | €985,656 | +€283,381 | +40.4% |
| Amounts payable after more than one year | 17 | €592,618 | €722,092 | +€129,474 | +21.8% |
| Financial debts | 170/4 | €592,618 | €722,092 | +€129,474 | +21.8% |
| Amounts payable within one year | 42/48 | €109,657 | €260,908 | +€151,250 | +138% |
| Current portion of amounts payable after more than one year | 42 | €81,562 | €157,029 | +€75,467 | +92.5% |
| Trade debts | 44 | €7,376 | €303 | -€7,073 | -95.9% |
| Suppliers | 440/4 | €7,376 | €303 | -€7,073 | -95.9% |
| Taxes, remuneration and social security | 45 | €20,720 | €43,576 | +€22,856 | +110% |
| Taxes | 450/3 | €20,720 | €43,576 | +€22,856 | +110% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,657 | +€2,657 | |
| Other operating charges | 640/8 | €2,300 | €903 | -€1,396 | -60.7% |
| Gross operating margin | 9900 | €102,963 | €112,469 | +€9,507 | +9.2% |
| Operating profit (loss) | 9901 | €100,663 | €111,566 | +€10,903 | +10.8% |
| Financial income | 75/76B | €930,003 | €40,470 | -€889,534 | -95.6% |
| Recurring financial income | 75 | €930,003 | €40,470 | -€889,534 | -95.6% |
| Financial charges | 65/66B | €40,720 | €33,740 | -€6,980 | -17.1% |
| Recurring financial charges | 65 | €40,720 | €33,740 | -€6,980 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €989,945 | €118,295 | -€871,650 | -88.1% |
| Income taxes | 67/77 | €14,987 | €22,074 | +€7,087 | +47.3% |
| Profit (loss) for the period | 9904 | €974,958 | €96,222 | -€878,737 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €974,958 | €96,222 | -€878,737 | -90.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.