COSGATE: 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.
COSGATE
Largest movements
- Receivables within one year +€339,527
up €339,527 (+147%), from €230,487 to €570,015
of which Trade receivables: +€292,655
- Cash +€81,284
up €81,284 (+54.7%), from €148,500 to €229,784
mainly Other debts (+€361,064) and Net result for the year (+€40,996)
- Other debts +€361,064
new in 2024: €361,064
- Reserves +€40,996
up €40,996 (+38.2%), from €107,181 to €148,176
- Advances received +€30,504
new in 2024: €30,504
- Tax, wage and social debts -€9,852
down €9,852 (-35.1%), from €28,063 to €18,212
- Financial charges +€250,574
up €250,574 (+423%), from €59,276 to €309,849
- Financial income +€196,222
up €196,222 (+589%), from €33,313 to €229,535
- Gross operating margin +€73,132
up €73,132 (+115%), from €63,423 to €136,556
- Taxes +€3,186
up €3,186 (+42.4%), from €7,513 to €10,699
- Depreciation +€1,464
up €1,464 (+47.5%), from €3,083 to €4,547
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,931 | €814,492 | +€430,562 | +112% |
| Fixed assets | 21/28 | €4,944 | €13,615 | +€8,671 | +175% |
| Tangible fixed assets | 22/27 | €4,944 | €11,218 | +€6,274 | +127% |
| Furniture and vehicles | 24 | €4,944 | €11,218 | +€6,274 | +127% |
| Financial fixed assets | 28 | - | €2,397 | +€2,397 | |
| Current assets | 29/58 | €378,987 | €800,878 | +€421,890 | +111% |
| Amounts receivable within one year | 40/41 | €230,487 | €570,015 | +€339,527 | +147% |
| Trade receivables | 40 | €174,437 | €467,093 | +€292,655 | +168% |
| Other amounts receivable | 41 | €56,050 | €102,922 | +€46,872 | +83.6% |
| Cash at bank and in hand | 54/58 | €148,500 | €229,784 | +€81,284 | +54.7% |
| Deferred charges and accrued income | 490/1 | - | €1,079 | +€1,079 | |
| Total equity and liabilities | 10/49 | €383,931 | €814,492 | +€430,562 | +112% |
| Equity | 10/15 | €355,010 | €396,005 | +€40,996 | +11.5% |
| Contributions | 10/11 | €247,829 | €247,829 | = | 0.0% |
| Reserves | 13 | €107,181 | €148,176 | +€40,996 | +38.2% |
| Distributable reserves | 133 | €107,181 | €148,176 | +€40,996 | +38.2% |
| Amounts payable | 17/49 | €28,921 | €418,487 | +€389,566 | +1,347% |
| Amounts payable within one year | 42/48 | €28,921 | €418,487 | +€389,566 | +1,347% |
| Trade debts | 44 | €858 | €8,707 | +€7,849 | +915% |
| Suppliers | 440/4 | €858 | €8,707 | +€7,849 | +915% |
| Advances received on contracts in progress | 46 | - | €30,504 | +€30,504 | |
| Taxes, remuneration and social security | 45 | €28,063 | €18,212 | -€9,852 | -35.1% |
| Taxes | 450/3 | €28,063 | €18,212 | -€9,852 | -35.1% |
| Other amounts payable | 47/48 | - | €361,064 | +€361,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,083 | €4,547 | +€1,464 | +47.5% |
| Other operating charges | 640/8 | €109 | - | -€109 | |
| Gross operating margin | 9900 | €63,423 | €136,556 | +€73,132 | +115% |
| Operating profit (loss) | 9901 | €60,231 | €132,009 | +€71,778 | +119% |
| Financial income | 75/76B | €33,313 | €229,535 | +€196,222 | +589% |
| Recurring financial income | 75 | €33,313 | €229,535 | +€196,222 | +589% |
| Financial charges | 65/66B | €59,276 | €309,849 | +€250,574 | +423% |
| Recurring financial charges | 65 | €59,276 | €309,849 | +€250,574 | +423% |
| Profit (loss) for the period before taxes | 9903 | €34,269 | €51,694 | +€17,426 | +50.9% |
| Income taxes | 67/77 | €7,513 | €10,699 | +€3,186 | +42.4% |
| Profit (loss) for the period | 9904 | €26,756 | €40,996 | +€14,240 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,756 | €40,996 | +€14,240 | +53.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.