COSAMA: what changed
Two fiscal 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.
COSAMA
Largest movements
- Stocks and contracts +€76,502
up €76,502 (+19.8%), from €387,200 to €463,702
- Cash -€17,311
down €17,311 (-61.3%), from €28,253 to €10,942
mainly Stocks and contracts (-€76,502) and Trade debts (-€24,594)
- Receivables within one year +€11,791
up €11,791 (+547.4%), from €2,154 to €13,945
of which Trade receivables: +€13,945
- Reserves +€54,890
up €54,890 (+31.3%), from €175,648 to €230,538
of which Distributable reserves: +€54,890
- Debts after one year +€42,001
up €42,001 (+21.7%), from €193,994 to €235,995
- Trade debts -€24,594
down €24,594 (-99.2%), from €24,785 to €191
- Gross operating margin +€16,499
up €16,499 (+24.0%), from €68,619 to €85,119
- Financial charges +€6,001
up €6,001 (+82.4%), from €7,282 to €13,283
- Taxes +€2,152
up €2,152 (+16.6%), from €12,927 to €15,079
- Other operating charges +€939
up €939 (+185.0%), from €507 to €1,446
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.
Cash bridge derived
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 | €419,044 | €491,443 | +€72,399 | +17.3% |
| Fixed assets | 21/28 | €540 | €1,325 | +€785 | +145.5% |
| Tangible fixed assets | 22/27 | €540 | €1,325 | +€785 | +145.5% |
| Furniture and vehicles | 24 | €540 | €1,325 | +€785 | +145.5% |
| Current assets | 29/58 | €418,504 | €490,117 | +€71,614 | +17.1% |
| Stocks and contracts in progress | 3 | €387,200 | €463,702 | +€76,502 | +19.8% |
| Stocks | 30/36 | €387,200 | €463,702 | +€76,502 | +19.8% |
| Amounts receivable within one year | 40/41 | €2,154 | €13,945 | +€11,791 | +547.4% |
| Trade receivables | 40 | €0 | €13,945 | +€13,945 | |
| Other amounts receivable | 41 | €2,154 | €0 | -€2,154 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,253 | €10,942 | -€17,311 | -61.3% |
| Deferred charges and accrued income | 490/1 | €897 | €1,528 | +€631 | +70.4% |
| Total equity and liabilities | 10/49 | €419,044 | €491,443 | +€72,399 | +17.3% |
| Equity | 10/15 | €185,648 | €240,538 | +€54,890 | +29.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €175,648 | €230,538 | +€54,890 | +31.3% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €174,648 | €229,538 | +€54,890 | +31.4% |
| Amounts payable | 17/49 | €233,396 | €250,905 | +€17,509 | +7.5% |
| Amounts payable after more than one year | 17 | €193,994 | €235,995 | +€42,001 | +21.7% |
| Financial debts | 170/4 | €193,994 | €235,995 | +€42,001 | +21.7% |
| Amounts payable within one year | 42/48 | €39,402 | €14,161 | -€25,241 | -64.1% |
| Trade debts | 44 | €24,785 | €191 | -€24,594 | -99.2% |
| Suppliers | 440/4 | €24,785 | €191 | -€24,594 | -99.2% |
| Taxes, remuneration and social security | 45 | €14,617 | €11,826 | -€2,791 | -19.1% |
| Taxes | 450/3 | €12,392 | €9,601 | -€2,791 | -22.5% |
| Remuneration and social security | 454/9 | €2,225 | €2,225 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,144 | +€2,144 | |
| Accrued charges and deferred income | 492/3 | - | €749 | +€749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €420 | +€366 | +674.9% |
| Other operating charges | 640/8 | €507 | €1,446 | +€939 | +185.0% |
| Gross operating margin | 9900 | €68,619 | €85,119 | +€16,499 | +24.0% |
| Operating profit (loss) | 9901 | €68,058 | €83,252 | +€15,194 | +22.3% |
| Financial charges | 65/66B | €7,282 | €13,283 | +€6,001 | +82.4% |
| Recurring financial charges | 65 | €7,282 | €13,283 | +€6,001 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €60,776 | €69,969 | +€9,194 | +15.1% |
| Income taxes | 67/77 | €12,927 | €15,079 | +€2,152 | +16.6% |
| Profit (loss) for the period | 9904 | €47,849 | €54,890 | +€7,041 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,849 | €54,890 | +€7,041 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.