COSAWI: 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.
COSAWI
Largest movements
- Receivables within one year +€20,748
up €20,748 (+15.8%), from €131,727 to €152,474
of which Trade receivables: +€15,708
- Tangible fixed assets -€18,564
down €18,564 (-37.8%), from €49,133 to €30,569
of which Furniture and vehicles: -€17,741
- Cash -€10,030
down €10,030 (-38.2%), from €26,245 to €16,215
mainly Receivables within one year (-€20,748) and Other debts (-€15,057)
- Profit (loss) carried forward +€15,660
up €15,660 (+60.1%), from -€26,056 to -€10,397
- Other debts -€15,057
down €15,057 (-68.0%), from €22,134 to €7,077
- Tax, wage and social debts +€13,291
up €13,291 (+938.9%), from €1,416 to €14,707
of which Taxes: +€13,791
- Trade debts -€12,914
down €12,914 (-16.4%), from €78,845 to €65,931
- Debts after one year -€9,481
down €9,481 (-29.3%), from €32,347 to €22,867
- Gross operating margin +€46,264
up €46,264 (+15514.0%), from €298 to €46,563
- Taxes +€6,801
up €6,801 (+638.4%), from €1,065 to €7,866
- Financial charges +€1,069
up €1,069 (+44.4%), from €2,406 to €3,476
- Financial income -€640
no longer reported in 2024 (was €640)
- Other operating charges +€613
up €613 (+159.4%), from €384 to €997
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,716 | €200,216 | -€8,501 | -4.1% |
| Fixed assets | 21/28 | €49,333 | €30,769 | -€18,564 | -37.6% |
| Tangible fixed assets | 22/27 | €49,133 | €30,569 | -€18,564 | -37.8% |
| Plant, machinery and equipment | 23 | €1,078 | €728 | -€351 | -32.5% |
| Furniture and vehicles | 24 | €45,151 | €27,410 | -€17,741 | -39.3% |
| Other tangible fixed assets | 26 | €2,904 | €2,431 | -€472 | -16.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €159,383 | €169,446 | +€10,064 | +6.3% |
| Amounts receivable within one year | 40/41 | €131,727 | €152,474 | +€20,748 | +15.8% |
| Trade receivables | 40 | €130,597 | €146,305 | +€15,708 | +12.0% |
| Other amounts receivable | 41 | €1,129 | €6,169 | +€5,040 | +446.2% |
| Cash at bank and in hand | 54/58 | €26,245 | €16,215 | -€10,030 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,411 | €757 | -€654 | -46.3% |
| Total equity and liabilities | 10/49 | €208,716 | €200,216 | -€8,501 | -4.1% |
| Equity | 10/15 | €64,494 | €80,153 | +€15,660 | +24.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €72,000 | €72,000 | = | 0.0% |
| Distributable reserves | 133 | €72,000 | €72,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,056 | -€10,397 | +€15,660 | +60.1% |
| Amounts payable | 17/49 | €144,222 | €120,062 | -€24,160 | -16.8% |
| Amounts payable after more than one year | 17 | €32,347 | €22,867 | -€9,481 | -29.3% |
| Financial debts | 170/4 | €32,347 | €22,867 | -€9,481 | -29.3% |
| Amounts payable within one year | 42/48 | €111,875 | €97,196 | -€14,679 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €9,481 | €9,481 | = | 0.0% |
| Trade debts | 44 | €78,845 | €65,931 | -€12,914 | -16.4% |
| Suppliers | 440/4 | €78,845 | €65,931 | -€12,914 | -16.4% |
| Taxes, remuneration and social security | 45 | €1,416 | €14,707 | +€13,291 | +938.9% |
| Taxes | 450/3 | €916 | €14,707 | +€13,791 | +1506.3% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €22,134 | €7,077 | -€15,057 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,551 | €18,564 | +€13 | +0.1% |
| Other operating charges | 640/8 | €384 | €997 | +€613 | +159.4% |
| Gross operating margin | 9900 | €298 | €46,563 | +€46,264 | +15514.0% |
| Operating profit (loss) | 9901 | -€18,638 | €27,001 | +€45,639 | |
| Financial income | 75/76B | €640 | - | -€640 | |
| Recurring financial income | 75 | €640 | - | -€640 | |
| Financial charges | 65/66B | €2,406 | €3,476 | +€1,069 | +44.4% |
| Recurring financial charges | 65 | €2,406 | €3,476 | +€1,069 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,404 | €23,525 | +€43,930 | |
| Income taxes | 67/77 | €1,065 | €7,866 | +€6,801 | +638.4% |
| Profit (loss) for the period | 9904 | -€21,469 | €15,660 | +€37,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,469 | €15,660 | +€37,129 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.