COSCO: 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.
What changed
COSCO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,015
2024 · €4,770+€15,244
Equity
€5.7m
2024 · €5.6m+€20,015
Cash
€163
2024 · €8,672-€8,509
Balance sheet total
€6.9m
2024 · €6.9m+€17,702
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€19,482
up €19,482, from -€8,044 to €11,439
- Financial charges +€7,528
up €7,528 (+19277.2%), from €39 to €7,567
- Financial income +€4,668
up €4,668 (+26.4%), from €17,705 to €22,373
- Taxes +€1,238
up €1,238 (+32.9%), from €3,766 to €5,004
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.
Result 2024
€4,770
Gross operating margin
+€19,482
Depreciation
-€108
Other operating charges
-€33
Financial income
+€4,668
Financial charges
-€7,528
Taxes
-€1,238
Result 2025
€20,015
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.
From operations
+€32,568
Investment
-€579
Financing
-€40,498
Cash 2024
€8,672
From operations (derived)
+€32,568
Net result for the year
+€20,015
Depreciation
+€108
Receivables after one year
-€5,159
Receivables within one year
-€15,809
Deferred charges and accrued income
-€4,771
Trade debts
+€30,461
Tax, wage and social debts
+€2,536
Accrued charges and deferred income
+€5,188
Investment (derived)
-€579
Investment in fixed assets (net)
-€579
Financing
-€40,498
Debts after one year
-€40,498
Cash 2025
€163
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,915,852 | €6,933,554 | +€17,702 | +0.3% |
| Fixed assets | 21/28 | €5,997,135 | €5,997,606 | +€471 | 0.0% |
| Tangible fixed assets | 22/27 | - | €471 | +€471 | |
| Furniture and vehicles | 24 | - | €471 | +€471 | |
| Financial fixed assets | 28 | €5,997,135 | €5,997,135 | = | 0.0% |
| Current assets | 29/58 | €918,717 | €935,947 | +€17,231 | +1.9% |
| Amounts receivable after more than one year | 29 | €892,336 | €897,495 | +€5,159 | +0.6% |
| Trade receivables | 290 | €892,336 | €897,495 | +€5,159 | +0.6% |
| Amounts receivable within one year | 40/41 | €4 | €15,814 | +€15,809 | +355269.0% |
| Trade receivables | 40 | - | €9,720 | +€9,720 | |
| Other amounts receivable | 41 | €4 | €6,094 | +€6,089 | +136842.0% |
| Cash at bank and in hand | 54/58 | €8,672 | €163 | -€8,509 | -98.1% |
| Deferred charges and accrued income | 490/1 | €17,705 | €22,475 | +€4,771 | +26.9% |
| Total equity and liabilities | 10/49 | €6,915,852 | €6,933,554 | +€17,702 | +0.3% |
| Equity | 10/15 | €5,641,509 | €5,661,524 | +€20,015 | +0.4% |
| Contributions | 10/11 | €5,495,636 | €5,495,636 | = | 0.0% |
| Reserves | 13 | €145,873 | €165,887 | +€20,015 | +13.7% |
| Distributable reserves | 133 | €145,873 | €165,887 | +€20,015 | +13.7% |
| Amounts payable | 17/49 | €1,274,343 | €1,272,030 | -€2,313 | -0.2% |
| Amounts payable after more than one year | 17 | €1,271,463 | €1,230,965 | -€40,498 | -3.2% |
| Other amounts payable | 178/9 | €1,271,463 | €1,230,965 | -€40,498 | -3.2% |
| Amounts payable within one year | 42/48 | €2,880 | €35,877 | +€32,997 | +1145.7% |
| Trade debts | 44 | €1,358 | €31,819 | +€30,461 | +2243.5% |
| Suppliers | 440/4 | €1,358 | €31,819 | +€30,461 | +2243.5% |
| Taxes, remuneration and social security | 45 | €1,522 | €4,058 | +€2,536 | +166.6% |
| Taxes | 450/3 | €1,522 | €1,522 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €2,536 | +€2,536 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €5,188 | +€5,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €108 | +€108 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€8,044 | €11,439 | +€19,482 | |
| Operating profit (loss) | 9901 | -€9,129 | €10,212 | +€19,341 | |
| Financial income | 75/76B | €17,705 | €22,373 | +€4,668 | +26.4% |
| Recurring financial income | 75 | €17,705 | €22,373 | +€4,668 | +26.4% |
| Financial charges | 65/66B | €39 | €7,567 | +€7,528 | +19277.2% |
| Recurring financial charges | 65 | €39 | €7,567 | +€7,528 | +19277.2% |
| Profit (loss) for the period before taxes | 9903 | €8,537 | €25,018 | +€16,482 | +193.1% |
| Income taxes | 67/77 | €3,766 | €5,004 | +€1,238 | +32.9% |
| Profit (loss) for the period | 9904 | €4,770 | €20,015 | +€15,244 | +319.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,770 | €20,015 | +€15,244 | +319.6% |
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 8 October 2026 via checked.be.