COSEFISC: 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.
COSEFISC
Largest movements
- Receivables after one year -€3,053
no longer reported in 2025 (was €3,053)
- Tangible fixed assets -€2,851
down €2,851 (-18.1%), from €15,730 to €12,879
of which Leasing and similar rights: -€4,689
- Cash +€722
up €722 (+5.8%), from €12,496 to €13,218
mainly Depreciation (+€5,740) and Receivables after one year (+€3,053)
- Deferred charges and accrued income +€608
up €608 (+15.8%), from €3,836 to €4,444
- Receivables within one year +€607
up €607 (+4.7%), from €12,869 to €13,476
of which Other amounts receivable: +€779
- Debts after one year -€4,129
down €4,129 (-33.5%), from €12,321 to €8,192
- Profit (loss) carried forward +€1,539
up €1,539 (+35.3%), from €4,359 to €5,898
- Tax, wage and social debts -€660
down €660 (-12.6%), from €5,255 to €4,595
- Trade debts -€655
down €655 (-18.7%), from €3,498 to €2,844
- Depreciation -€7,871
down €7,871 (-57.8%), from €13,611 to €5,740
- Gross operating margin -€3,362
down €3,362 (-20.9%), from €16,054 to €12,692
- Other operating charges +€1,559
up €1,559 (+111%), from €1,404 to €2,963
- Taxes +€466
up €466 (+28.8%), from €1,620 to €2,086
- Financial charges -€161
down €161 (-15.3%), from €1,049 to €888
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 | €50,085 | €46,117 | -€3,967 | -7.9% |
| Fixed assets | 21/28 | €17,830 | €14,979 | -€2,851 | -16.0% |
| Tangible fixed assets | 22/27 | €15,730 | €12,879 | -€2,851 | -18.1% |
| Furniture and vehicles | 24 | €1,021 | €2,859 | +€1,838 | +180% |
| Leasing and similar rights | 25 | €14,709 | €10,020 | -€4,689 | -31.9% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €32,254 | €31,138 | -€1,116 | -3.5% |
| Amounts receivable after more than one year | 29 | €3,053 | - | -€3,053 | |
| Other amounts receivable | 291 | €3,053 | - | -€3,053 | |
| Amounts receivable within one year | 40/41 | €12,869 | €13,476 | +€607 | +4.7% |
| Trade receivables | 40 | €9,895 | €9,723 | -€172 | -1.7% |
| Other amounts receivable | 41 | €2,974 | €3,753 | +€779 | +26.2% |
| Cash at bank and in hand | 54/58 | €12,496 | €13,218 | +€722 | +5.8% |
| Deferred charges and accrued income | 490/1 | €3,836 | €4,444 | +€608 | +15.8% |
| Total equity and liabilities | 10/49 | €50,085 | €46,117 | -€3,967 | -7.9% |
| Equity | 10/15 | €24,819 | €26,358 | +€1,539 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,359 | €5,898 | +€1,539 | +35.3% |
| Amounts payable | 17/49 | €25,266 | €19,759 | -€5,506 | -21.8% |
| Amounts payable after more than one year | 17 | €12,321 | €8,192 | -€4,129 | -33.5% |
| Financial debts | 170/4 | €12,321 | €8,192 | -€4,129 | -33.5% |
| Amounts payable within one year | 42/48 | €12,944 | €11,567 | -€1,377 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €3,942 | €4,129 | +€187 | +4.7% |
| Trade debts | 44 | €3,498 | €2,844 | -€655 | -18.7% |
| Suppliers | 440/4 | €3,498 | €2,844 | -€655 | -18.7% |
| Taxes, remuneration and social security | 45 | €5,255 | €4,595 | -€660 | -12.6% |
| Taxes | 450/3 | €5,255 | €4,595 | -€660 | -12.6% |
| Other amounts payable | 47/48 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,611 | €5,740 | -€7,871 | -57.8% |
| Other operating charges | 640/8 | €1,404 | €2,963 | +€1,559 | +111% |
| Non-recurring operating charges | 66A | €86 | - | -€86 | |
| Gross operating margin | 9900 | €16,054 | €12,692 | -€3,362 | -20.9% |
| Operating profit (loss) | 9901 | €954 | €3,988 | +€3,035 | +318% |
| Financial income | 75/76B | €424 | €524 | +€101 | +23.7% |
| Recurring financial income | 75 | €424 | €524 | +€101 | +23.7% |
| Financial charges | 65/66B | €1,049 | €888 | -€161 | -15.3% |
| Recurring financial charges | 65 | €1,049 | €888 | -€161 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €329 | €3,625 | +€3,296 | +1,003% |
| Income taxes | 67/77 | €1,620 | €2,086 | +€466 | +28.8% |
| Profit (loss) for the period | 9904 | -€1,291 | €1,539 | +€2,830 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,291 | €1,539 | +€2,830 |
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.