COSEMANS LUC: 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 LUC
Largest movements
- Current investments +€184,416
up €184,416 (+342%), from €53,963 to €238,379
- Cash -€88,961
down €88,961 (-16.0%), from €554,593 to €465,632
mainly Current investments (-€184,416)
- Reserves +€83,320
up €83,320 (+17.8%), from €469,067 to €552,387
- Tax, wage and social debts +€8,594
up €8,594 (+50.6%), from €16,987 to €25,581
of which Taxes: +€8,594
- Financial income -€7,997
down €7,997 (-79.3%), from €10,081 to €2,085
- Depreciation -€7,492
down €7,492 (-76.7%), from €9,773 to €2,281
- Financial charges +€3,914
up €3,914 (+91.7%), from €4,268 to €8,182
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 | €620,964 | €714,454 | +€93,491 | +15.1% |
| Fixed assets | 21/28 | €9,464 | €7,182 | -€2,281 | -24.1% |
| Tangible fixed assets | 22/27 | €9,464 | €7,182 | -€2,281 | -24.1% |
| Land and buildings | 22 | €9,072 | €7,182 | -€1,890 | -20.8% |
| Plant, machinery and equipment | 23 | €36 | €0 | -€36 | -100% |
| Furniture and vehicles | 24 | €356 | €0 | -€356 | -100% |
| Current assets | 29/58 | €611,500 | €707,272 | +€95,772 | +15.7% |
| Current investments | 50/53 | €53,963 | €238,379 | +€184,416 | +342% |
| Cash at bank and in hand | 54/58 | €554,593 | €465,632 | -€88,961 | -16.0% |
| Deferred charges and accrued income | 490/1 | €2,944 | €3,261 | +€317 | +10.8% |
| Total equity and liabilities | 10/49 | €620,964 | €714,454 | +€93,491 | +15.1% |
| Equity | 10/15 | €511,887 | €595,207 | +€83,320 | +16.3% |
| Contributions | 10/11 | €42,820 | €42,820 | = | 0.0% |
| Reserves | 13 | €469,067 | €552,387 | +€83,320 | +17.8% |
| Distributable reserves | 133 | €469,067 | €552,387 | +€83,320 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €109,077 | €119,247 | +€10,171 | +9.3% |
| Amounts payable within one year | 42/48 | €109,077 | €119,247 | +€10,171 | +9.3% |
| Trade debts | 44 | €1,880 | €1,948 | +€67 | +3.6% |
| Suppliers | 440/4 | €1,880 | €1,948 | +€67 | +3.6% |
| Advances received on contracts in progress | 46 | €1,838 | €2,961 | +€1,123 | +61.1% |
| Taxes, remuneration and social security | 45 | €16,987 | €25,581 | +€8,594 | +50.6% |
| Taxes | 450/3 | €14,277 | €22,871 | +€8,594 | +60.2% |
| Remuneration and social security | 454/9 | €2,710 | €2,710 | = | 0.0% |
| Other amounts payable | 47/48 | €88,371 | €88,758 | +€386 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,773 | €2,281 | -€7,492 | -76.7% |
| Other operating charges | 640/8 | €594 | €614 | +€19 | +3.2% |
| Gross operating margin | 9900 | €126,768 | €126,235 | -€533 | -0.4% |
| Operating profit (loss) | 9901 | €116,400 | €123,340 | +€6,940 | +6.0% |
| Financial income | 75/76B | €10,081 | €2,085 | -€7,997 | -79.3% |
| Recurring financial income | 75 | €10,081 | €2,085 | -€7,997 | -79.3% |
| Financial charges | 65/66B | €4,268 | €8,182 | +€3,914 | +91.7% |
| Recurring financial charges | 65 | €4,268 | €8,182 | +€3,914 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €122,214 | €117,243 | -€4,971 | -4.1% |
| Income taxes | 67/77 | €34,548 | €33,923 | -€625 | -1.8% |
| Profit (loss) for the period | 9904 | €87,666 | €83,320 | -€4,346 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,666 | €83,320 | -€4,346 | -5.0% |
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 19 October 2026 via checked.be.