COSETECH: 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.
COSETECH
Largest movements
- Cash +€128,487
up €128,487 (+51.6%), from €248,988 to €377,475
mainly Net result for the year (+€105,507) and Receivables within one year (+€51,665)
- Receivables within one year -€51,665
down €51,665 (-36.7%), from €140,765 to €89,100
of which Trade receivables: -€41,465
- Tangible fixed assets -€19,145
down €19,145 (-20.8%), from €92,139 to €72,994
of which Furniture and vehicles: -€14,994
- Profit (loss) carried forward +€105,507
up €105,507 (+36.9%), from €286,220 to €391,727
- Trade debts -€24,274
down €24,274 (-60.8%), from €39,944 to €15,670
- Debts after one year -€15,174
down €15,174 (-36.1%), from €42,019 to €26,845
- Other debts -€7,000
down €7,000 (-46.7%), from €15,000 to €8,000
- Taxes -€17,187
down €17,187 (-39.8%), from €43,171 to €25,984
- Write-downs +€12,685
no longer reported in 2025 (was -€12,685)
- Depreciation +€12,673
up €12,673 (+109.2%), from €11,607 to €24,280
- Gross operating margin -€9,503
down €9,503 (-4.8%), from €198,108 to €188,606
- Other operating charges -€2,974
down €2,974 (-88.6%), from €3,357 to €384
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 | €492,527 | €550,783 | +€58,256 | +11.8% |
| Fixed assets | 21/28 | €92,263 | €73,118 | -€19,145 | -20.8% |
| Tangible fixed assets | 22/27 | €92,139 | €72,994 | -€19,145 | -20.8% |
| Plant, machinery and equipment | 23 | €22,792 | €18,641 | -€4,151 | -18.2% |
| Furniture and vehicles | 24 | €69,347 | €54,353 | -€14,994 | -21.6% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €400,264 | €477,664 | +€77,400 | +19.3% |
| Amounts receivable within one year | 40/41 | €140,765 | €89,100 | -€51,665 | -36.7% |
| Trade receivables | 40 | €124,765 | €83,300 | -€41,465 | -33.2% |
| Other amounts receivable | 41 | €16,000 | €5,800 | -€10,200 | -63.8% |
| Cash at bank and in hand | 54/58 | €248,988 | €377,475 | +€128,487 | +51.6% |
| Deferred charges and accrued income | 490/1 | €10,512 | €11,089 | +€578 | +5.5% |
| Total equity and liabilities | 10/49 | €492,527 | €550,783 | +€58,256 | +11.8% |
| Equity | 10/15 | €366,680 | €472,187 | +€105,507 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,220 | €391,727 | +€105,507 | +36.9% |
| Amounts payable | 17/49 | €125,847 | €78,595 | -€47,251 | -37.5% |
| Amounts payable after more than one year | 17 | €42,019 | €26,845 | -€15,174 | -36.1% |
| Financial debts | 170/4 | €42,019 | €26,845 | -€15,174 | -36.1% |
| Amounts payable within one year | 42/48 | €83,685 | €51,630 | -€32,056 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €18,609 | €18,574 | -€35 | -0.2% |
| Trade debts | 44 | €39,944 | €15,670 | -€24,274 | -60.8% |
| Suppliers | 440/4 | €39,944 | €15,670 | -€24,274 | -60.8% |
| Taxes, remuneration and social security | 45 | €10,132 | €9,386 | -€746 | -7.4% |
| Taxes | 450/3 | €1,843 | €539 | -€1,304 | -70.8% |
| Remuneration and social security | 454/9 | €8,289 | €8,847 | +€557 | +6.7% |
| Other amounts payable | 47/48 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Accrued charges and deferred income | 492/3 | €143 | €121 | -€22 | -15.1% |
| Remuneration, social security and pensions | 62 | €28,955 | €31,373 | +€2,418 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,607 | €24,280 | +€12,673 | +109.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,685 | - | +€12,685 | |
| Other operating charges | 640/8 | €3,357 | €384 | -€2,974 | -88.6% |
| Gross operating margin | 9900 | €198,108 | €188,606 | -€9,503 | -4.8% |
| Operating profit (loss) | 9901 | €166,874 | €132,569 | -€34,306 | -20.6% |
| Financial income | 75/76B | €362 | €815 | +€453 | +125.3% |
| Recurring financial income | 75 | €362 | €815 | +€453 | +125.3% |
| Financial charges | 65/66B | €1,052 | €1,893 | +€841 | +80.0% |
| Recurring financial charges | 65 | €1,052 | €1,893 | +€841 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €166,184 | €131,491 | -€34,693 | -20.9% |
| Income taxes | 67/77 | €43,171 | €25,984 | -€17,187 | -39.8% |
| Profit (loss) for the period | 9904 | €123,013 | €105,507 | -€17,506 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €123,013 | €105,507 | -€17,506 | -14.2% |
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 9 October 2026 via checked.be.