COSE: 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.
COSE
Largest movements
- Receivables within one year -€22,271
down €22,271 (-80.3%), from €27,723 to €5,453
of which Trade receivables: -€22,150
- Cash +€6,517
up €6,517 (+60.2%), from €10,828 to €17,344
mainly Receivables within one year (+€22,271) and Trade debts (+€7,649)
- Stocks and contracts +€4,659
up €4,659 (+194.1%), from €2,400 to €7,059
- Deferred charges and accrued income -€682
down €682 (-30.7%), from €2,223 to €1,540
- Tax, wage and social debts -€11,579
down €11,579 (-75.1%), from €15,418 to €3,839
- Reserves -€8,303
down €8,303 (-43.4%), from €19,151 to €10,848
- Trade debts +€7,649
up €7,649 (+96.2%), from €7,952 to €15,600
- Profit (loss) carried forward +€2,000
no longer reported in 2025 (was -€2,000)
- Short-term financial debts -€1,313
down €1,313 (-97.5%), from €1,347 to €34
- Gross operating margin -€11,446
down €11,446, from €9,296 to -€2,150
- Taxes -€2,722
down €2,722 (-83.8%), from €3,247 to €525
- Depreciation -€2,571
down €2,571 (-100.0%), from €2,571 to €0
- Other operating charges +€1,305
up €1,305 (+65.7%), from €1,986 to €3,291
- Financial income +€320
up €320, from €0 to €320
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 | €43,174 | €31,396 | -€11,777 | -27.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €43,174 | €31,396 | -€11,777 | -27.3% |
| Stocks and contracts in progress | 3 | €2,400 | €7,059 | +€4,659 | +194.1% |
| Stocks | 30/36 | €2,400 | €7,059 | +€4,659 | +194.1% |
| Amounts receivable within one year | 40/41 | €27,723 | €5,453 | -€22,271 | -80.3% |
| Trade receivables | 40 | €25,149 | €2,999 | -€22,150 | -88.1% |
| Other amounts receivable | 41 | €2,574 | €2,454 | -€121 | -4.7% |
| Cash at bank and in hand | 54/58 | €10,828 | €17,344 | +€6,517 | +60.2% |
| Deferred charges and accrued income | 490/1 | €2,223 | €1,540 | -€682 | -30.7% |
| Total equity and liabilities | 10/49 | €43,174 | €31,396 | -€11,777 | -27.3% |
| Equity | 10/15 | €18,151 | €11,848 | -€6,303 | -34.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,151 | €10,848 | -€8,303 | -43.4% |
| Distributable reserves | 133 | €19,151 | €10,848 | -€8,303 | -43.4% |
| Profit (loss) carried forward | 14 | -€2,000 | - | +€2,000 | |
| Amounts payable | 17/49 | €25,022 | €19,548 | -€5,474 | -21.9% |
| Amounts payable within one year | 42/48 | €25,022 | €19,548 | -€5,474 | -21.9% |
| Financial debts | 43 | €1,347 | €34 | -€1,313 | -97.5% |
| Credit institutions | 430/8 | €1,347 | €34 | -€1,313 | -97.5% |
| Trade debts | 44 | €7,952 | €15,600 | +€7,649 | +96.2% |
| Suppliers | 440/4 | €7,952 | €15,600 | +€7,649 | +96.2% |
| Taxes, remuneration and social security | 45 | €15,418 | €3,839 | -€11,579 | -75.1% |
| Taxes | 450/3 | €15,418 | €3,839 | -€11,579 | -75.1% |
| Other amounts payable | 47/48 | €306 | €75 | -€232 | -75.6% |
| Non-recurring operating income | 76A | €330 | €16,427 | +€16,097 | +4883.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,571 | €0 | -€2,571 | -100.0% |
| Other operating charges | 640/8 | €1,986 | €3,291 | +€1,305 | +65.7% |
| Gross operating margin | 9900 | €9,296 | -€2,150 | -€11,446 | |
| Operating profit (loss) | 9901 | €4,739 | -€5,440 | -€10,179 | |
| Financial income | 75/76B | €0 | €320 | +€320 | |
| Recurring financial income | 75 | €0 | €320 | +€320 | |
| Financial charges | 65/66B | €2,486 | €2,657 | +€172 | +6.9% |
| Recurring financial charges | 65 | €2,486 | €2,657 | +€172 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €2,254 | -€7,778 | -€10,032 | |
| Income taxes | 67/77 | €3,247 | €525 | -€2,722 | -83.8% |
| Profit (loss) for the period | 9904 | -€994 | -€8,303 | -€7,309 | -735.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€994 | -€8,303 | -€7,309 | -735.7% |
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.