COSECU: what changed
Two financial 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.
COSECU
Largest movements
- Cash +€94,690
up €94,690 (+347.6%), from €27,239 to €121,929
mainly Net result for the year (+€73,581) and Receivables within one year (+€13,649)
- Receivables within one year -€13,649
down €13,649 (-46.0%), from €29,663 to €16,014
- Receivables after one year +€5,661
up €5,661 (+5.6%), from €101,625 to €107,285
- Reserves +€73,581
up €73,581 (+57.9%), from €127,147 to €200,728
- Tax, wage and social debts +€12,087
up €12,087 (+40.3%), from €29,974 to €42,062
- Gross operating margin -€25,157
down €25,157 (-20.6%), from €122,109 to €96,952
- Financial income +€4,036
up €4,036 (+248.4%), from €1,625 to €5,661
- Taxes +€2,116
up €2,116 (+8.2%), from €25,916 to €28,032
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,174 | €245,228 | +€84,054 | +52.2% |
| Fixed assets | 21/28 | €2,058 | €0 | -€2,058 | -100.0% |
| Tangible fixed assets | 22/27 | €2,058 | €0 | -€2,058 | -100.0% |
| Furniture and vehicles | 24 | €2,058 | €0 | -€2,058 | -100.0% |
| Current assets | 29/58 | €159,116 | €245,228 | +€86,112 | +54.1% |
| Amounts receivable after more than one year | 29 | €101,625 | €107,285 | +€5,661 | +5.6% |
| Other amounts receivable | 291 | €101,625 | €107,285 | +€5,661 | +5.6% |
| Amounts receivable within one year | 40/41 | €29,663 | €16,014 | -€13,649 | -46.0% |
| Trade receivables | 40 | €29,663 | €16,014 | -€13,649 | -46.0% |
| Cash at bank and in hand | 54/58 | €27,239 | €121,929 | +€94,690 | +347.6% |
| Deferred charges and accrued income | 490/1 | €590 | €0 | -€590 | -100.0% |
| Total equity and liabilities | 10/49 | €161,174 | €245,228 | +€84,054 | +52.2% |
| Equity | 10/15 | €128,147 | €201,728 | +€73,581 | +57.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €127,147 | €200,728 | +€73,581 | +57.9% |
| Distributable reserves | 133 | €127,147 | €200,728 | +€73,581 | +57.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,027 | €43,500 | +€10,473 | +31.7% |
| Amounts payable within one year | 42/48 | €33,027 | €43,210 | +€10,183 | +30.8% |
| Trade debts | 44 | €1,874 | €359 | -€1,514 | -80.8% |
| Suppliers | 440/4 | €1,874 | €359 | -€1,514 | -80.8% |
| Taxes, remuneration and social security | 45 | €29,974 | €42,062 | +€12,087 | +40.3% |
| Taxes | 450/3 | €29,974 | €42,062 | +€12,087 | +40.3% |
| Other amounts payable | 47/48 | €1,179 | €789 | -€391 | -33.1% |
| Accrued charges and deferred income | 492/3 | - | €290 | +€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €0 | -€1,037 | -100.0% |
| Other operating charges | 640/8 | - | €478 | +€478 | |
| Non-recurring operating charges | 66A | - | €423 | +€423 | |
| Gross operating margin | 9900 | €122,109 | €96,952 | -€25,157 | -20.6% |
| Operating profit (loss) | 9901 | €121,072 | €96,051 | -€25,021 | -20.7% |
| Financial income | 75/76B | €1,625 | €5,661 | +€4,036 | +248.4% |
| Recurring financial income | 75 | €1,625 | €5,661 | +€4,036 | +248.4% |
| Financial charges | 65/66B | €33 | €98 | +€65 | +196.3% |
| Recurring financial charges | 65 | €33 | €98 | +€65 | +196.3% |
| Profit (loss) for the period before taxes | 9903 | €122,663 | €101,613 | -€21,050 | -17.2% |
| Income taxes | 67/77 | €25,916 | €28,032 | +€2,116 | +8.2% |
| Profit (loss) for the period | 9904 | €96,747 | €73,581 | -€23,166 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,747 | €73,581 | -€23,166 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.