COSAREC: 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.
COSAREC
Largest movements
- Tangible fixed assets +€386,256
up €386,256 (+103.0%), from €375,000 to €761,256
- Receivables within one year +€34,625
up €34,625, from €0 to €34,625
of which Trade receivables: +€30,250
- Other debts +€358,980
up €358,980 (+71.4%), from €502,644 to €861,624
- Trade debts +€91,206
up €91,206 (+27409.8%), from €333 to €91,539
- Profit (loss) carried forward -€28,804
down €28,804 (-20.2%), from -€142,728 to -€171,532
- Gross operating margin +€35,880
up €35,880 (+57.3%), from -€62,609 to -€26,729
- Financial charges +€1,340
up €1,340 (+314.9%), from €426 to €1,766
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 | €375,249 | €796,631 | +€421,382 | +112.3% |
| Fixed assets | 21/28 | €375,000 | €761,256 | +€386,256 | +103.0% |
| Tangible fixed assets | 22/27 | €375,000 | €761,256 | +€386,256 | +103.0% |
| Plant, machinery and equipment | 23 | €375,000 | €761,256 | +€386,256 | +103.0% |
| Current assets | 29/58 | €249 | €35,375 | +€35,126 | +14117.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €34,625 | +€34,625 | |
| Trade receivables | 40 | - | €30,250 | +€30,250 | |
| Other amounts receivable | 41 | €0 | €4,375 | +€4,375 | |
| Cash at bank and in hand | 54/58 | €249 | €750 | +€502 | +201.6% |
| Total equity and liabilities | 10/49 | €375,249 | €796,631 | +€421,382 | +112.3% |
| Equity | 10/15 | -€127,728 | -€156,532 | -€28,804 | -22.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,728 | -€171,532 | -€28,804 | -20.2% |
| Amounts payable | 17/49 | €502,977 | €953,163 | +€450,186 | +89.5% |
| Amounts payable within one year | 42/48 | €502,977 | €953,163 | +€450,186 | +89.5% |
| Trade debts | 44 | €333 | €91,539 | +€91,206 | +27409.8% |
| Suppliers | 440/4 | €333 | €91,539 | +€91,206 | +27409.8% |
| Other amounts payable | 47/48 | €502,644 | €861,624 | +€358,980 | +71.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €199 | +€199 | |
| Other operating charges | 640/8 | €499 | €126 | -€373 | -74.8% |
| Gross operating margin | 9900 | -€62,609 | -€26,729 | +€35,880 | +57.3% |
| Operating profit (loss) | 9901 | -€63,109 | -€27,054 | +€36,054 | +57.1% |
| Financial income | 75/76B | €0 | €16 | +€16 | +16260.0% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +16260.0% |
| Financial charges | 65/66B | €426 | €1,766 | +€1,340 | +314.9% |
| Recurring financial charges | 65 | €426 | €1,766 | +€1,340 | +314.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,534 | -€28,804 | +€34,731 | +54.7% |
| Profit (loss) for the period | 9904 | -€63,534 | -€28,804 | +€34,731 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,534 | -€28,804 | +€34,731 | +54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.