COSEDA RENOVATION: 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.
COSEDA RENOVATION
Largest movements
- Receivables within one year +€16,141
up €16,141 (+260%), from €6,202 to €22,343
of which Trade receivables: +€11,925
- Tangible fixed assets -€10,541
down €10,541 (-36.6%), from €28,820 to €18,279
of which Furniture and vehicles: -€10,703
- Cash -€9,184
down €9,184 (-77.6%), from €11,841 to €2,657
mainly Receivables within one year (-€16,141) and Accrued charges and deferred income (-€11,425)
- Deferred charges and accrued income -€4,419
down €4,419 (-48.7%), from €9,083 to €4,664
- Accrued charges and deferred income -€11,425
no longer reported in 2025 (was €11,425)
- Profit (loss) carried forward +€5,627
up €5,627 (+44.6%), from €12,615 to €18,242
- Debts after one year -€4,849
down €4,849 (-25.2%), from €19,244 to €14,395
- Tax, wage and social debts +€1,869
up €1,869 (+54.3%), from €3,441 to €5,310
of which Remuneration and social security: +€2,000
- Trade debts +€923
up €923 (+50.1%), from €1,844 to €2,767
- Depreciation +€5,108
up €5,108 (+67.8%), from €7,530 to €12,638
- Financial charges -€909
down €909 (-19.0%), from €4,782 to €3,873
- Gross operating margin +€856
up €856 (+3.2%), from €27,144 to €28,000
- Staff costs +€675
up €675 (+1,500%), from €45 to €720
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.
Derived cash bridge
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 | €56,066 | €48,063 | -€8,003 | -14.3% |
| Fixed assets | 21/28 | €28,940 | €18,399 | -€10,541 | -36.4% |
| Tangible fixed assets | 22/27 | €28,820 | €18,279 | -€10,541 | -36.6% |
| Plant, machinery and equipment | 23 | €2,693 | €2,855 | +€162 | +6.0% |
| Furniture and vehicles | 24 | €26,127 | €15,424 | -€10,703 | -41.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €27,126 | €29,664 | +€2,538 | +9.4% |
| Amounts receivable within one year | 40/41 | €6,202 | €22,343 | +€16,141 | +260% |
| Trade receivables | 40 | €6,202 | €18,127 | +€11,925 | +192% |
| Other amounts receivable | 41 | - | €4,216 | +€4,216 | |
| Cash at bank and in hand | 54/58 | €11,841 | €2,657 | -€9,184 | -77.6% |
| Deferred charges and accrued income | 490/1 | €9,083 | €4,664 | -€4,419 | -48.7% |
| Total equity and liabilities | 10/49 | €56,066 | €48,063 | -€8,003 | -14.3% |
| Equity | 10/15 | €15,115 | €20,742 | +€5,627 | +37.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,615 | €18,242 | +€5,627 | +44.6% |
| Amounts payable | 17/49 | €40,951 | €27,321 | -€13,630 | -33.3% |
| Amounts payable after more than one year | 17 | €19,244 | €14,395 | -€4,849 | -25.2% |
| Financial debts | 170/4 | €19,244 | €14,395 | -€4,849 | -25.2% |
| Amounts payable within one year | 42/48 | €10,282 | €12,926 | +€2,644 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €4,490 | €4,849 | +€359 | +8.0% |
| Trade debts | 44 | €1,844 | €2,767 | +€923 | +50.1% |
| Suppliers | 440/4 | €1,844 | €2,767 | +€923 | +50.1% |
| Taxes, remuneration and social security | 45 | €3,441 | €5,310 | +€1,869 | +54.3% |
| Taxes | 450/3 | €3,441 | €3,310 | -€131 | -3.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €507 | - | -€507 | |
| Accrued charges and deferred income | 492/3 | €11,425 | - | -€11,425 | |
| Remuneration, social security and pensions | 62 | €45 | €720 | +€675 | +1,500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,530 | €12,638 | +€5,108 | +67.8% |
| Other operating charges | 640/8 | €1,631 | €1,879 | +€248 | +15.2% |
| Gross operating margin | 9900 | €27,144 | €28,000 | +€856 | +3.2% |
| Operating profit (loss) | 9901 | €17,938 | €12,763 | -€5,175 | -28.8% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €4,782 | €3,873 | -€909 | -19.0% |
| Recurring financial charges | 65 | €4,782 | €3,873 | -€909 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €13,156 | €8,956 | -€4,200 | -31.9% |
| Income taxes | 67/77 | €3,344 | €3,329 | -€15 | -0.4% |
| Profit (loss) for the period | 9904 | €9,812 | €5,627 | -€4,185 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,812 | €5,627 | -€4,185 | -42.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.