COSENCO: what changed
Two fiscal 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.
COSENCO
Largest movements
- Cash -€50,089
down €50,089 (-52.8%), from €94,852 to €44,762
mainly Net result for the year (-€39,451) and Contributions, distributions and other (-€20,018)
- Receivables within one year -€4,616
down €4,616 (-34.8%), from €13,278 to €8,662
of which Trade receivables: -€3,973
- Tangible fixed assets -€3,944
down €3,944 (-70.0%), from €5,635 to €1,690
of which Furniture and vehicles: -€2,531
- Reserves -€40,041
down €40,041 (-40.2%), from €99,584 to €59,543
of which Distributable reserves: -€40,041
- Profit (loss) carried forward -€19,428
new in 2025: -€19,428
- Trade debts +€4,725
up €4,725 (+522.2%), from €905 to €5,630
- Tax, wage and social debts -€2,926
down €2,926 (-58.3%), from €5,023 to €2,097
- Gross operating margin -€112,597
down €112,597, from €77,143 to -€35,454
- Taxes -€20,022
down €20,022 (-100.0%), from €20,023 to €0
- Staff costs -€4,777
down €4,777 (-92.8%), from €5,148 to €371
- Depreciation -€4,662
down €4,662 (-69.1%), from €6,750 to €2,088
- Write-downs -€1,102
no longer reported in 2025 (was €1,102)
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.
Cash bridge derived
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 | €113,990 | €55,654 | -€58,336 | -51.2% |
| Fixed assets | 21/28 | €5,759 | €1,815 | -€3,944 | -68.5% |
| Tangible fixed assets | 22/27 | €5,635 | €1,690 | -€3,944 | -70.0% |
| Plant, machinery and equipment | 23 | €2,460 | €1,047 | -€1,413 | -57.4% |
| Furniture and vehicles | 24 | €3,174 | €643 | -€2,531 | -79.7% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €108,231 | €53,840 | -€54,391 | -50.3% |
| Amounts receivable within one year | 40/41 | €13,278 | €8,662 | -€4,616 | -34.8% |
| Trade receivables | 40 | €12,634 | €8,662 | -€3,973 | -31.4% |
| Other amounts receivable | 41 | €644 | - | -€644 | |
| Cash at bank and in hand | 54/58 | €94,852 | €44,762 | -€50,089 | -52.8% |
| Deferred charges and accrued income | 490/1 | €102 | €416 | +€314 | +309.7% |
| Total equity and liabilities | 10/49 | €113,990 | €55,654 | -€58,336 | -51.2% |
| Equity | 10/15 | €105,784 | €46,314 | -€59,470 | -56.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,584 | €59,543 | -€40,041 | -40.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €97,724 | €57,683 | -€40,041 | -41.0% |
| Profit (loss) carried forward | 14 | - | -€19,428 | -€19,428 | |
| Amounts payable | 17/49 | €8,207 | €9,340 | +€1,134 | +13.8% |
| Amounts payable within one year | 42/48 | €8,207 | €9,340 | +€1,134 | +13.8% |
| Trade debts | 44 | €905 | €5,630 | +€4,725 | +522.2% |
| Suppliers | 440/4 | €905 | €5,630 | +€4,725 | +522.2% |
| Taxes, remuneration and social security | 45 | €5,023 | €2,097 | -€2,926 | -58.3% |
| Taxes | 450/3 | €5,023 | €2,097 | -€2,926 | -58.3% |
| Other amounts payable | 47/48 | €2,279 | €1,613 | -€666 | -29.2% |
| Non-recurring operating income | 76A | €7,435 | €10,540 | +€3,105 | +41.8% |
| Remuneration, social security and pensions | 62 | €5,148 | €371 | -€4,777 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €2,088 | -€4,662 | -69.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,102 | - | -€1,102 | |
| Other operating charges | 640/8 | €1,542 | €859 | -€682 | -44.3% |
| Gross operating margin | 9900 | €77,143 | -€35,454 | -€112,597 | |
| Operating profit (loss) | 9901 | €62,601 | -€38,772 | -€101,374 | |
| Financial income | 75/76B | €805 | - | -€805 | |
| Recurring financial income | 75 | €805 | - | -€805 | |
| Financial charges | 65/66B | €860 | €679 | -€182 | -21.1% |
| Recurring financial charges | 65 | €860 | €679 | -€182 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €62,546 | -€39,451 | -€101,997 | |
| Income taxes | 67/77 | €20,023 | €0 | -€20,022 | -100.0% |
| Profit (loss) for the period | 9904 | €42,524 | -€39,451 | -€81,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,524 | -€39,451 | -€81,975 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.