Cosan: 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.
Cosan
Largest movements
- Tangible fixed assets +€139,721
up €139,721 (+107.4%), from €130,134 to €269,856
of which Leasing and similar rights: +€140,585
- Receivables within one year +€38,931
up €38,931 (+21.1%), from €184,843 to €223,774
of which Other amounts receivable: +€29,227
- Cash +€38,741
up €38,741 (+626.5%), from €6,183 to €44,924
- Current portion of long-term debt +€113,489
up €113,489 (+346.8%), from €32,727 to €146,216
- Reserves +€61,596
up €61,596 (+75.8%), from €81,251 to €142,847
- Tax, wage and social debts +€37,108
up €37,108 (+122.1%), from €30,391 to €67,499
of which Taxes: +€35,109
- Trade debts +€32,524
up €32,524 (+42.2%), from €77,001 to €109,525
- Debts after one year -€16,360
down €16,360 (-19.1%), from €85,523 to €69,164
- Gross operating margin +€400,984
up €400,984 (+215.7%), from €185,926 to €586,910
- Staff costs +€355,867
up €355,867 (+557.7%), from €63,813 to €419,681
- Depreciation +€12,928
up €12,928 (+30.8%), from €42,003 to €54,930
- Taxes +€9,586
up €9,586 (+37.6%), from €25,523 to €35,109
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,592 | €542,985 | +€217,393 | +66.8% |
| Fixed assets | 21/28 | €134,565 | €274,287 | +€139,721 | +103.8% |
| Tangible fixed assets | 22/27 | €130,134 | €269,856 | +€139,721 | +107.4% |
| Plant, machinery and equipment | 23 | €2,944 | €1,154 | -€1,790 | -60.8% |
| Furniture and vehicles | 24 | - | €926 | +€926 | |
| Leasing and similar rights | 25 | €127,190 | €267,775 | +€140,585 | +110.5% |
| Financial fixed assets | 28 | €4,431 | €4,431 | = | 0.0% |
| Current assets | 29/58 | €191,027 | €268,698 | +€77,672 | +40.7% |
| Amounts receivable within one year | 40/41 | €184,843 | €223,774 | +€38,931 | +21.1% |
| Trade receivables | 40 | €166,095 | €175,799 | +€9,704 | +5.8% |
| Other amounts receivable | 41 | €18,748 | €47,975 | +€29,227 | +155.9% |
| Cash at bank and in hand | 54/58 | €6,183 | €44,924 | +€38,741 | +626.5% |
| Total equity and liabilities | 10/49 | €325,592 | €542,985 | +€217,393 | +66.8% |
| Equity | 10/15 | €87,608 | €149,204 | +€61,596 | +70.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €81,251 | €142,847 | +€61,596 | +75.8% |
| Distributable reserves | 133 | €81,251 | €142,847 | +€61,596 | +75.8% |
| Profit (loss) carried forward | 14 | €157 | €157 | = | 0.0% |
| Amounts payable | 17/49 | €237,984 | €393,782 | +€155,797 | +65.5% |
| Amounts payable after more than one year | 17 | €85,523 | €69,164 | -€16,360 | -19.1% |
| Financial debts | 170/4 | €85,523 | €69,164 | -€16,360 | -19.1% |
| Amounts payable within one year | 42/48 | €152,461 | €324,618 | +€172,157 | +112.9% |
| Current portion of amounts payable after more than one year | 42 | €32,727 | €146,216 | +€113,489 | +346.8% |
| Trade debts | 44 | €77,001 | €109,525 | +€32,524 | +42.2% |
| Suppliers | 440/4 | €77,001 | €109,525 | +€32,524 | +42.2% |
| Taxes, remuneration and social security | 45 | €30,391 | €67,499 | +€37,108 | +122.1% |
| Taxes | 450/3 | €25,956 | €61,065 | +€35,109 | +135.3% |
| Remuneration and social security | 454/9 | €4,435 | €6,434 | +€2,000 | +45.1% |
| Other amounts payable | 47/48 | €12,342 | €1,378 | -€10,964 | -88.8% |
| Remuneration, social security and pensions | 62 | €63,813 | €419,681 | +€355,867 | +557.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,003 | €54,930 | +€12,928 | +30.8% |
| Other operating charges | 640/8 | €6,211 | €7,602 | +€1,392 | +22.4% |
| Gross operating margin | 9900 | €185,926 | €586,910 | +€400,984 | +215.7% |
| Operating profit (loss) | 9901 | €73,899 | €104,696 | +€30,797 | +41.7% |
| Financial income | 75/76B | - | €379 | +€379 | |
| Recurring financial income | 75 | - | €379 | +€379 | |
| Financial charges | 65/66B | €7,762 | €8,370 | +€608 | +7.8% |
| Recurring financial charges | 65 | €7,762 | €8,370 | +€608 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €66,137 | €96,705 | +€30,567 | +46.2% |
| Income taxes | 67/77 | €25,523 | €35,109 | +€9,586 | +37.6% |
| Profit (loss) for the period | 9904 | €40,614 | €61,596 | +€20,982 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,614 | €61,596 | +€20,982 | +51.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.