COSEVE: 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.
COSEVE
Largest movements
- Cash -€55,564
down €55,564 (-53.3%), from €104,312 to €48,748
mainly Net result for the year (-€62,282) and Receivables within one year (-€17,627)
- Receivables within one year +€17,627
up €17,627 (+29.8%), from €59,063 to €76,690
of which Trade receivables: +€15,694
- Profit (loss) carried forward -€62,282
down €62,282 (-13,116%), from -€475 to -€62,757
- Trade debts +€24,240
up €24,240 (+350%), from €6,929 to €31,169
- Purchases and services -€98,644
no longer reported in 2025 (was €98,644)
- Turnover -€98,585
no longer reported in 2025 (was €98,585)
- Gross operating margin -€62,188
down €62,188 (-103,976%), from -€60 to -€62,248
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 | €164,383 | €126,443 | -€37,940 | -23.1% |
| Current assets | 29/58 | €164,383 | €126,443 | -€37,940 | -23.1% |
| Amounts receivable within one year | 40/41 | €59,063 | €76,690 | +€17,627 | +29.8% |
| Trade receivables | 40 | €27,000 | €42,694 | +€15,694 | +58.1% |
| Other amounts receivable | 41 | €32,063 | €33,995 | +€1,933 | +6.0% |
| Cash at bank and in hand | 54/58 | €104,312 | €48,748 | -€55,564 | -53.3% |
| Deferred charges and accrued income | 490/1 | €1,008 | €1,005 | -€3 | -0.3% |
| Total equity and liabilities | 10/49 | €164,383 | €126,443 | -€37,940 | -23.1% |
| Equity | 10/15 | €149,195 | €86,913 | -€62,282 | -41.7% |
| Contributions | 10/11 | €14,880 | €14,880 | = | 0.0% |
| Reserves | 13 | €134,790 | €134,790 | = | 0.0% |
| 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 | €132,930 | €132,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€475 | -€62,757 | -€62,282 | -13,116% |
| Amounts payable | 17/49 | €15,188 | €39,530 | +€24,342 | +160% |
| Amounts payable within one year | 42/48 | €14,800 | €39,119 | +€24,319 | +164% |
| Trade debts | 44 | €6,929 | €31,169 | +€24,240 | +350% |
| Suppliers | 440/4 | €6,929 | €31,169 | +€24,240 | +350% |
| Other amounts payable | 47/48 | €7,871 | €7,950 | +€79 | +1.0% |
| Accrued charges and deferred income | 492/3 | €387 | €411 | +€23 | +6.0% |
| Turnover | 70 | €98,585 | - | -€98,585 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,644 | - | -€98,644 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | -€60 | -€62,248 | -€62,188 | -103,976% |
| Operating profit (loss) | 9901 | -€447 | -€62,253 | -€61,805 | -13,822% |
| Financial charges | 65/66B | €28 | €29 | +€1 | +5.2% |
| Recurring financial charges | 65 | €28 | €29 | +€1 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€475 | -€62,282 | -€61,807 | -13,011% |
| Profit (loss) for the period | 9904 | -€475 | -€62,282 | -€61,807 | -13,011% |
| Profit (loss) for the period to be appropriated | 9905 | -€475 | -€62,282 | -€61,807 | -13,011% |
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 15 October 2026 via checked.be.