COSIBO: 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.
COSIBO
Largest movements
- Receivables within one year -€33,437
down €33,437 (-45.2%), from €73,896 to €40,459
of which Trade receivables: -€33,448
- Cash +€17,740
up €17,740 (+49.6%), from €35,749 to €53,488
mainly Other debts (+€45,307) and Receivables within one year (+€33,437)
- Tangible fixed assets +€14,582
up €14,582 (+681.4%), from €2,140 to €16,723
- Deferred charges and accrued income -€2,863
down €2,863 (-80.2%), from €3,568 to €705
- Intangible fixed assets +€1,488
new in 2025: €1,488
- Other debts +€45,307
up €45,307 (+1227.8%), from €3,690 to €48,997
- Reserves -€40,000
down €40,000 (-48.5%), from €82,500 to €42,500
- Tax, wage and social debts -€6,532
down €6,532 (-21.1%), from €31,013 to €24,481
of which Taxes: -€11,532
- Profit (loss) carried forward -€1,700
down €1,700 (-26.7%), from €6,367 to €4,666
- Gross operating margin -€7,060
down €7,060 (-14.3%), from €49,211 to €42,151
- Depreciation +€6,784
up €6,784 (+935.1%), from €725 to €7,510
- Taxes -€5,653
down €5,653 (-42.7%), from €13,247 to €7,594
- Staff costs -€858
no longer reported in 2025 (was €858)
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 | €126,553 | €124,063 | -€2,490 | -2.0% |
| Fixed assets | 21/28 | €13,340 | €29,410 | +€16,070 | +120.5% |
| Intangible fixed assets | 21 | - | €1,488 | +€1,488 | |
| Tangible fixed assets | 22/27 | €2,140 | €16,723 | +€14,582 | +681.4% |
| Furniture and vehicles | 24 | €2,140 | €16,723 | +€14,582 | +681.4% |
| Financial fixed assets | 28 | €11,200 | €11,200 | = | 0.0% |
| Current assets | 29/58 | €113,213 | €94,653 | -€18,560 | -16.4% |
| Amounts receivable within one year | 40/41 | €73,896 | €40,459 | -€33,437 | -45.2% |
| Trade receivables | 40 | €73,896 | €40,448 | -€33,448 | -45.3% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €35,749 | €53,488 | +€17,740 | +49.6% |
| Deferred charges and accrued income | 490/1 | €3,568 | €705 | -€2,863 | -80.2% |
| Total equity and liabilities | 10/49 | €126,553 | €124,063 | -€2,490 | -2.0% |
| Equity | 10/15 | €91,367 | €49,666 | -€41,700 | -45.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,500 | €42,500 | -€40,000 | -48.5% |
| Distributable reserves | 133 | €82,500 | €42,500 | -€40,000 | -48.5% |
| Profit (loss) carried forward | 14 | €6,367 | €4,666 | -€1,700 | -26.7% |
| Amounts payable | 17/49 | €35,186 | €74,397 | +€39,210 | +111.4% |
| Amounts payable within one year | 42/48 | €35,186 | €74,397 | +€39,210 | +111.4% |
| Trade debts | 44 | €483 | €919 | +€435 | +90.1% |
| Suppliers | 440/4 | €483 | €919 | +€435 | +90.1% |
| Taxes, remuneration and social security | 45 | €31,013 | €24,481 | -€6,532 | -21.1% |
| Taxes | 450/3 | €31,013 | €19,481 | -€11,532 | -37.2% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €3,690 | €48,997 | +€45,307 | +1227.8% |
| Remuneration, social security and pensions | 62 | €858 | - | -€858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €7,510 | +€6,784 | +935.1% |
| Other operating charges | 640/8 | €535 | €411 | -€124 | -23.1% |
| Non-recurring operating charges | 66A | - | €3,273 | +€3,273 | |
| Gross operating margin | 9900 | €49,211 | €42,151 | -€7,060 | -14.3% |
| Operating profit (loss) | 9901 | €47,092 | €30,958 | -€16,135 | -34.3% |
| Financial income | 75/76B | €0 | €6 | +€6 | +57000.0% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +57000.0% |
| Financial charges | 65/66B | €139 | €69 | -€70 | -50.1% |
| Recurring financial charges | 65 | €139 | €69 | -€70 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €46,953 | €30,894 | -€16,060 | -34.2% |
| Income taxes | 67/77 | €13,247 | €7,594 | -€5,653 | -42.7% |
| Profit (loss) for the period | 9904 | €33,706 | €23,300 | -€10,406 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,706 | €23,300 | -€10,406 | -30.9% |
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 6 October 2026 via checked.be.