COSA TEAM: 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.
COSA TEAM
Largest movements
- Receivables within one year +€142,406
up €142,406 (+66.3%), from €214,951 to €357,358
of which Trade receivables: +€102,785
- Receivables after one year -€22,861
down €22,861 (-98.7%), from €23,154 to €294
- Cash +€8,904
up €8,904 (+197%), from €4,525 to €13,429
mainly Trade debts (+€128,966) and Receivables after one year (+€22,861)
- Trade debts +€128,966
up €128,966 (+1,423%), from €9,065 to €138,031
- Tax, wage and social debts -€5,137
down €5,137 (-46.0%), from €11,164 to €6,027
- Financial charges +€9,614
up €9,614 (+8,457%), from €114 to €9,728
- Gross operating margin +€4,130
up €4,130 (+33.9%), from €12,167 to €16,296
- Taxes -€363
down €363 (-11.1%), from €3,283 to €2,920
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 | €243,032 | €371,482 | +€128,450 | +52.9% |
| Fixed assets | 21/28 | €210 | €210 | = | 0.0% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €242,822 | €371,271 | +€128,450 | +52.9% |
| Amounts receivable after more than one year | 29 | €23,154 | €294 | -€22,861 | -98.7% |
| Other amounts receivable | 291 | €23,154 | €294 | -€22,861 | -98.7% |
| Amounts receivable within one year | 40/41 | €214,951 | €357,358 | +€142,406 | +66.3% |
| Trade receivables | 40 | €40,117 | €142,901 | +€102,785 | +256% |
| Other amounts receivable | 41 | €174,834 | €214,456 | +€39,622 | +22.7% |
| Cash at bank and in hand | 54/58 | €4,525 | €13,429 | +€8,904 | +197% |
| Deferred charges and accrued income | 490/1 | €191 | €191 | = | 0.0% |
| Total equity and liabilities | 10/49 | €243,032 | €371,482 | +€128,450 | +52.9% |
| Equity | 10/15 | €135,918 | €139,488 | +€3,570 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,458 | €119,028 | +€3,570 | +3.1% |
| Amounts payable | 17/49 | €107,114 | €231,993 | +€124,879 | +117% |
| Amounts payable within one year | 42/48 | €107,114 | €231,993 | +€124,879 | +117% |
| Trade debts | 44 | €9,065 | €138,031 | +€128,966 | +1,423% |
| Suppliers | 440/4 | €9,065 | €138,031 | +€128,966 | +1,423% |
| Taxes, remuneration and social security | 45 | €11,164 | €6,027 | -€5,137 | -46.0% |
| Taxes | 450/3 | €11,164 | €6,027 | -€5,137 | -46.0% |
| Other amounts payable | 47/48 | €86,886 | €87,936 | +€1,050 | +1.2% |
| Other operating charges | 640/8 | €5 | €78 | +€73 | +1,562% |
| Gross operating margin | 9900 | €12,167 | €16,296 | +€4,130 | +33.9% |
| Operating profit (loss) | 9901 | €12,162 | €16,218 | +€4,056 | +33.4% |
| Financial charges | 65/66B | €114 | €9,728 | +€9,614 | +8,457% |
| Recurring financial charges | 65 | €114 | €9,728 | +€9,614 | +8,457% |
| Profit (loss) for the period before taxes | 9903 | €12,048 | €6,490 | -€5,558 | -46.1% |
| Income taxes | 67/77 | €3,283 | €2,920 | -€363 | -11.1% |
| Profit (loss) for the period | 9904 | €8,765 | €3,570 | -€5,195 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,765 | €3,570 | -€5,195 | -59.3% |
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 16 October 2026 via checked.be.