COSEMANS CONSTRUCTIES: 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.
COSEMANS CONSTRUCTIES
Largest movements
- Receivables within one year -€80,036
down €80,036 (-46.7%), from €171,224 to €91,188
of which Trade receivables: -€84,700
- Tangible fixed assets -€16,790
down €16,790 (-43.7%), from €38,428 to €21,638
of which Other tangible fixed assets: -€15,000
- Cash +€12,752
up €12,752 (+997%), from €1,279 to €14,031
mainly Receivables within one year (+€80,036) and Depreciation (+€16,790)
- Other debts -€69,000
down €69,000 (-13.6%), from €507,831 to €438,831
- Tax, wage and social debts -€14,557
no longer reported in 2025 (was €14,557)
of which Taxes: -€13,814
- Profit (loss) carried forward -€4,756
down €4,756 (-0.4%), from -€1.3m to -€1.3m
- Trade debts +€4,239
up €4,239 (+876%), from €484 to €4,723
- Gross operating margin +€453,759
up €453,759, from -€444,723 to €9,036
- Financial charges -€59,099
down €59,099 (-99.0%), from €59,667 to €569
- Staff costs -€13,184
down €13,184, from €13,184 to -€0
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 | €210,931 | €126,857 | -€84,074 | -39.9% |
| Fixed assets | 21/28 | €38,428 | €21,638 | -€16,790 | -43.7% |
| Tangible fixed assets | 22/27 | €38,428 | €21,638 | -€16,790 | -43.7% |
| Plant, machinery and equipment | 23 | €8,428 | €6,638 | -€1,790 | -21.2% |
| Other tangible fixed assets | 26 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Current assets | 29/58 | €172,503 | €105,219 | -€67,284 | -39.0% |
| Amounts receivable within one year | 40/41 | €171,224 | €91,188 | -€80,036 | -46.7% |
| Trade receivables | 40 | €84,700 | - | -€84,700 | |
| Other amounts receivable | 41 | €86,524 | €91,188 | +€4,664 | +5.4% |
| Cash at bank and in hand | 54/58 | €1,279 | €14,031 | +€12,752 | +997% |
| Total equity and liabilities | 10/49 | €210,931 | €126,857 | -€84,074 | -39.9% |
| Equity | 10/15 | -€370,702 | -€375,459 | -€4,756 | -1.3% |
| Contributions | 10/11 | €374,368 | €374,368 | = | 0.0% |
| Reserves | 13 | €579,785 | €579,785 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,437 | €37,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,437 | €37,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €486,098 | €486,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,324,855 | -€1,329,611 | -€4,756 | -0.4% |
| Amounts payable | 17/49 | €581,633 | €502,315 | -€79,318 | -13.6% |
| Amounts payable after more than one year | 17 | €58,761 | €58,761 | = | 0.0% |
| Other amounts payable | 178/9 | €58,761 | €58,761 | = | 0.0% |
| Amounts payable within one year | 42/48 | €522,872 | €443,554 | -€79,318 | -15.2% |
| Trade debts | 44 | €484 | €4,723 | +€4,239 | +876% |
| Suppliers | 440/4 | €484 | €4,723 | +€4,239 | +876% |
| Taxes, remuneration and social security | 45 | €14,557 | - | -€14,557 | |
| Taxes | 450/3 | €13,814 | - | -€13,814 | |
| Remuneration and social security | 454/9 | €743 | - | -€743 | |
| Other amounts payable | 47/48 | €507,831 | €438,831 | -€69,000 | -13.6% |
| Non-recurring operating income | 76A | €2,337 | - | -€2,337 | |
| Remuneration, social security and pensions | 62 | €13,184 | -€0 | -€13,184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,790 | €16,790 | = | 0.0% |
| Other operating charges | 640/8 | €1,135 | €901 | -€234 | -20.6% |
| Non-recurring operating charges | 66A | €114,230 | - | -€114,230 | |
| Gross operating margin | 9900 | -€444,723 | €9,036 | +€453,759 | |
| Operating profit (loss) | 9901 | -€590,063 | -€8,656 | +€581,407 | +98.5% |
| Financial income | 75/76B | €5,140 | €4,468 | -€672 | -13.1% |
| Recurring financial income | 75 | €5,140 | €4,468 | -€672 | -13.1% |
| Financial charges | 65/66B | €59,667 | €569 | -€59,099 | -99.0% |
| Recurring financial charges | 65 | €59,667 | €569 | -€59,099 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€644,590 | -€4,756 | +€639,834 | +99.3% |
| Profit (loss) for the period | 9904 | -€644,590 | -€4,756 | +€639,834 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€644,590 | -€4,756 | +€639,834 | +99.3% |
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 17 October 2026 via checked.be.