COSED: what changed
COSED
Largest movements
- Receivables within one year -€26,213
down €26,213 (-38.2%), from €68,584 to €42,371
of which Trade receivables: -€28,947
- Cash +€10,305
up €10,305 (+411%), from €2,508 to €12,813
mainly Receivables within one year (+€26,213) and Tax, wage and social debts (+€15,475)
- Tangible fixed assets +€4,177
up €4,177 (+268%), from €1,557 to €5,734
- Deferred charges and accrued income +€2,003
up €2,003 (+201%), from €997 to €3,000
- Trade debts -€21,362
down €21,362 (-61.1%), from €34,965 to €13,604
- Tax, wage and social debts +€15,475
up €15,475 (+2,649%), from €584 to €16,059
of which Remuneration and social security: +€15,860
- Debts after one year -€4,631
down €4,631 (-27.1%), from €17,112 to €12,481
- Turnover +€30,469
up €30,469 (+42.8%), from €71,121 to €101,590
- Purchases and services +€28,830
up €28,830 (+42.2%), from €68,252 to €97,082
- Gross operating margin +€1,639
up €1,639 (+57.1%), from €2,869 to €4,508
- Depreciation +€1,252
up €1,252 (+365%), from €343 to €1,595
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,646 | €63,918 | -€9,728 | -13.2% |
| Fixed assets | 21/28 | €1,557 | €5,734 | +€4,177 | +268% |
| Tangible fixed assets | 22/27 | €1,557 | €5,734 | +€4,177 | +268% |
| Plant, machinery and equipment | 23 | €1,557 | €5,734 | +€4,177 | +268% |
| Current assets | 29/58 | €72,089 | €58,184 | -€13,905 | -19.3% |
| Amounts receivable within one year | 40/41 | €68,584 | €42,371 | -€26,213 | -38.2% |
| Trade receivables | 40 | €41,566 | €12,619 | -€28,947 | -69.6% |
| Other amounts receivable | 41 | €27,018 | €29,752 | +€2,734 | +10.1% |
| Cash at bank and in hand | 54/58 | €2,508 | €12,813 | +€10,305 | +411% |
| Deferred charges and accrued income | 490/1 | €997 | €3,000 | +€2,003 | +201% |
| Total equity and liabilities | 10/49 | €73,646 | €63,918 | -€9,728 | -13.2% |
| Equity | 10/15 | €16,716 | €17,124 | +€408 | +2.4% |
| Profit (loss) carried forward | 14 | €16,716 | €17,124 | +€408 | +2.4% |
| Amounts payable | 17/49 | €56,931 | €46,794 | -€10,137 | -17.8% |
| Amounts payable after more than one year | 17 | €17,112 | €12,481 | -€4,631 | -27.1% |
| Financial debts | 170/4 | €17,112 | €12,481 | -€4,631 | -27.1% |
| Amounts payable within one year | 42/48 | €39,819 | €34,313 | -€5,506 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €4,250 | €4,631 | +€380 | +8.9% |
| Financial debts | 43 | €19 | €19 | = | 0.0% |
| Credit institutions | 430/8 | €19 | €19 | = | 0.0% |
| Trade debts | 44 | €34,965 | €13,604 | -€21,362 | -61.1% |
| Suppliers | 440/4 | €34,965 | €13,604 | -€21,362 | -61.1% |
| Taxes, remuneration and social security | 45 | €584 | €16,059 | +€15,475 | +2,649% |
| Taxes | 450/3 | €584 | €199 | -€385 | -65.9% |
| Remuneration and social security | 454/9 | - | €15,860 | +€15,860 | |
| Turnover | 70 | €71,121 | €101,590 | +€30,469 | +42.8% |
| Non-recurring operating income | 76A | - | €1,595 | +€1,595 | |
| Goods, raw materials, services and sundry goods | 60/61 | €68,252 | €97,082 | +€28,830 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343 | €1,595 | +€1,252 | +365% |
| Other operating charges | 640/8 | €595 | €257 | -€337 | -56.7% |
| Gross operating margin | 9900 | €2,869 | €4,508 | +€1,639 | +57.1% |
| Operating profit (loss) | 9901 | €1,932 | €2,655 | +€724 | +37.5% |
| Financial income | 75/76B | €226 | €1 | -€224 | -99.5% |
| Recurring financial income | 75 | €226 | €1 | -€224 | -99.5% |
| Financial charges | 65/66B | €1,418 | €2,041 | +€622 | +43.9% |
| Recurring financial charges | 65 | €1,418 | €2,041 | +€622 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €739 | €616 | -€123 | -16.6% |
| Income taxes | 67/77 | €321 | €208 | -€113 | -35.3% |
| Profit (loss) for the period | 9904 | €418 | €408 | -€10 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €418 | €408 | -€10 | -2.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.