Cosado: 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.
Cosado
Largest movements
- Receivables within one year +€60,401
up €60,401 (+494%), from €12,229 to €72,629
of which Trade receivables: +€71,702
- Cash -€55,286
down €55,286 (-79.3%), from €69,738 to €14,452
mainly Contributions, distributions and other (-€296,973) and Receivables within one year (-€60,401)
- Tangible fixed assets -€7,893
down €7,893 (-64.6%), from €12,227 to €4,333
of which Furniture and vehicles: -€7,102
- Deferred charges and accrued income -€1,877
down €1,877 (-79.4%), from €2,364 to €487
- Reserves -€47,847
down €47,847 (-100%), from €47,847 to €0
- Other debts +€30,599
up €30,599 (+114%), from €26,853 to €57,452
- Tax, wage and social debts +€13,942
up €13,942 (+91.3%), from €15,274 to €29,216
- Trade debts -€1,350
down €1,350 (-37.7%), from €3,583 to €2,234
- Gross operating margin +€348,573
up €348,573, from -€21,392 to €327,181
- Taxes +€69,080
up €69,080 (+41,920%), from €165 to €69,245
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 | €96,557 | €91,902 | -€4,656 | -4.8% |
| Fixed assets | 21/28 | €12,227 | €4,333 | -€7,893 | -64.6% |
| Tangible fixed assets | 22/27 | €12,227 | €4,333 | -€7,893 | -64.6% |
| Plant, machinery and equipment | 23 | €607 | €111 | -€496 | -81.6% |
| Furniture and vehicles | 24 | €8,852 | €1,750 | -€7,102 | -80.2% |
| Other tangible fixed assets | 26 | €2,768 | €2,472 | -€296 | -10.7% |
| Current assets | 29/58 | €84,331 | €87,569 | +€3,238 | +3.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,229 | €72,629 | +€60,401 | +494% |
| Trade receivables | 40 | €172 | €71,874 | +€71,702 | +41,724% |
| Other amounts receivable | 41 | €12,057 | €755 | -€11,302 | -93.7% |
| Cash at bank and in hand | 54/58 | €69,738 | €14,452 | -€55,286 | -79.3% |
| Deferred charges and accrued income | 490/1 | €2,364 | €487 | -€1,877 | -79.4% |
| Total equity and liabilities | 10/49 | €96,557 | €91,902 | -€4,656 | -4.8% |
| Equity | 10/15 | €50,847 | €3,000 | -€47,847 | -94.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,847 | €0 | -€47,847 | -100% |
| Distributable reserves | 133 | €47,847 | €0 | -€47,847 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,710 | €88,902 | +€43,191 | +94.5% |
| Amounts payable within one year | 42/48 | €45,710 | €88,902 | +€43,191 | +94.5% |
| Trade debts | 44 | €3,583 | €2,234 | -€1,350 | -37.7% |
| Suppliers | 440/4 | €3,583 | €2,234 | -€1,350 | -37.7% |
| Taxes, remuneration and social security | 45 | €15,274 | €29,216 | +€13,942 | +91.3% |
| Taxes | 450/3 | €15,274 | €29,216 | +€13,942 | +91.3% |
| Other amounts payable | 47/48 | €26,853 | €57,452 | +€30,599 | +114% |
| Non-recurring operating income | 76A | €1,750 | €0 | -€1,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,746 | €7,893 | +€148 | +1.9% |
| Other operating charges | 640/8 | €562 | €782 | +€219 | +39.0% |
| Gross operating margin | 9900 | -€21,392 | €327,181 | +€348,573 | |
| Operating profit (loss) | 9901 | -€29,700 | €318,506 | +€348,206 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +8,100% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8,100% |
| Financial charges | 65/66B | €150 | €137 | -€13 | -8.6% |
| Recurring financial charges | 65 | €150 | €137 | -€13 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,850 | €318,370 | +€348,220 | |
| Income taxes | 67/77 | €165 | €69,245 | +€69,080 | +41,920% |
| Profit (loss) for the period | 9904 | -€30,015 | €249,126 | +€279,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,015 | €249,126 | +€279,140 |
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.