COSETRANS: what changed
COSETRANS
Largest movements
- Receivables within one year +€43,484
up €43,484 (+172%), from €25,302 to €68,786
of which Other amounts receivable: +€41,532
- Receivables after one year -€43,200
no longer reported in 2025 (was €43,200)
- Cash +€25,016
up €25,016 (+13.5%), from €184,686 to €209,702
mainly Receivables after one year (+€43,200) and Net result for the year (+€42,696)
- Other debts +€30,942
up €30,942 (+164%), from €18,825 to €49,767
- Reserves -€9,690
down €9,690 (-4.6%), from €211,752 to €202,062
of which Distributable reserves: -€7,830
- Tax, wage and social debts +€4,430
up €4,430 (+50.0%), from €8,860 to €13,289
- Gross operating margin +€19,706
up €19,706 (+47.0%), from €41,935 to €61,641
- Taxes +€4,725
up €4,725 (+28.8%), from €16,393 to €21,118
- Financial income +€2,577
up €2,577 (+196%), from €1,313 to €3,890
- Depreciation -€1,794
down €1,794 (-61.7%), from €2,910 to €1,115
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,142 | €283,964 | +€24,822 | +9.6% |
| Fixed assets | 21/28 | €3,271 | €2,156 | -€1,115 | -34.1% |
| Tangible fixed assets | 22/27 | €1,921 | €806 | -€1,115 | -58.0% |
| Plant, machinery and equipment | 23 | €1,921 | €806 | -€1,115 | -58.0% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €255,871 | €281,808 | +€25,937 | +10.1% |
| Amounts receivable after more than one year | 29 | €43,200 | - | -€43,200 | |
| Other amounts receivable | 291 | €43,200 | - | -€43,200 | |
| Amounts receivable within one year | 40/41 | €25,302 | €68,786 | +€43,484 | +172% |
| Trade receivables | 40 | €13,762 | €15,714 | +€1,952 | +14.2% |
| Other amounts receivable | 41 | €11,540 | €53,072 | +€41,532 | +360% |
| Cash at bank and in hand | 54/58 | €184,686 | €209,702 | +€25,016 | +13.5% |
| Deferred charges and accrued income | 490/1 | €2,683 | €3,321 | +€637 | +23.8% |
| Total equity and liabilities | 10/49 | €259,142 | €283,964 | +€24,822 | +9.6% |
| Equity | 10/15 | €230,352 | €220,662 | -€9,690 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,752 | €202,062 | -€9,690 | -4.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €209,892 | €202,062 | -€7,830 | -3.7% |
| Amounts payable | 17/49 | €28,791 | €63,303 | +€34,512 | +120% |
| Amounts payable within one year | 42/48 | €27,685 | €63,303 | +€35,618 | +129% |
| Trade debts | 44 | - | €247 | +€247 | |
| Suppliers | 440/4 | - | €247 | +€247 | |
| Taxes, remuneration and social security | 45 | €8,860 | €13,289 | +€4,430 | +50.0% |
| Taxes | 450/3 | €8,860 | €13,289 | +€4,430 | +50.0% |
| Other amounts payable | 47/48 | €18,825 | €49,767 | +€30,942 | +164% |
| Accrued charges and deferred income | 492/3 | €1,106 | - | -€1,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,910 | €1,115 | -€1,794 | -61.7% |
| Other operating charges | 640/8 | €181 | - | -€181 | |
| Gross operating margin | 9900 | €41,935 | €61,641 | +€19,706 | +47.0% |
| Operating profit (loss) | 9901 | €38,844 | €60,525 | +€21,681 | +55.8% |
| Financial income | 75/76B | €1,313 | €3,890 | +€2,577 | +196% |
| Recurring financial income | 75 | €1,313 | €3,890 | +€2,577 | +196% |
| Financial charges | 65/66B | €1,090 | €602 | -€488 | -44.8% |
| Recurring financial charges | 65 | €1,090 | €602 | -€488 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €39,067 | €63,814 | +€24,747 | +63.3% |
| Income taxes | 67/77 | €16,393 | €21,118 | +€4,725 | +28.8% |
| Profit (loss) for the period | 9904 | €22,674 | €42,696 | +€20,022 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,674 | €42,696 | +€20,022 | +88.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.