COSIFER: 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.
COSIFER
Largest movements
- Cash +€31,636
up €31,636 (+623%), from €5,082 to €36,718
mainly Net result for the year (+€62,758) and Tax, wage and social debts (+€15,014)
- Receivables within one year +€28,225
up €28,225 (+81.6%), from €34,610 to €62,835
of which Trade receivables: +€26,506
- Tangible fixed assets +€12,272
new in 2025: €12,272
of which Plant, machinery and equipment: +€11,363
- Profit (loss) carried forward +€62,758
up €62,758 (+615%), from €10,211 to €72,969
- Tax, wage and social debts +€15,014
up €15,014 (+189%), from €7,933 to €22,947
- Trade debts -€8,052
down €8,052 (-51.4%), from €15,667 to €7,615
- Other debts +€2,509
up €2,509 (+130%), from €1,928 to €4,437
- Turnover -€82,038
no longer reported in 2025 (was €82,038)
- Gross operating margin +€78,335
up €78,335 (+782%), from €10,015 to €88,350
- Purchases and services -€27,538
no longer reported in 2025 (was €27,538)
- Taxes +€18,741
up €18,741 (+891%), from €2,103 to €20,844
- Depreciation +€1,537
new in 2025: €1,537
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 | €39,692 | €111,959 | +€72,268 | +182% |
| Fixed assets | 21/28 | - | €12,272 | +€12,272 | |
| Tangible fixed assets | 22/27 | - | €12,272 | +€12,272 | |
| Plant, machinery and equipment | 23 | - | €11,363 | +€11,363 | |
| Furniture and vehicles | 24 | - | €909 | +€909 | |
| Current assets | 29/58 | €39,692 | €99,687 | +€59,995 | +151% |
| Amounts receivable within one year | 40/41 | €34,610 | €62,835 | +€28,225 | +81.6% |
| Trade receivables | 40 | €33,370 | €59,876 | +€26,506 | +79.4% |
| Other amounts receivable | 41 | €1,239 | €2,959 | +€1,719 | +139% |
| Cash at bank and in hand | 54/58 | €5,082 | €36,718 | +€31,636 | +623% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €39,692 | €111,959 | +€72,268 | +182% |
| Equity | 10/15 | €13,711 | €76,469 | +€62,758 | +458% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,211 | €72,969 | +€62,758 | +615% |
| Amounts payable | 17/49 | €25,981 | €35,490 | +€9,510 | +36.6% |
| Amounts payable within one year | 42/48 | €25,528 | €34,999 | +€9,472 | +37.1% |
| Trade debts | 44 | €15,667 | €7,615 | -€8,052 | -51.4% |
| Suppliers | 440/4 | €15,667 | €7,615 | -€8,052 | -51.4% |
| Taxes, remuneration and social security | 45 | €7,933 | €22,947 | +€15,014 | +189% |
| Taxes | 450/3 | €7,933 | €22,947 | +€15,014 | +189% |
| Other amounts payable | 47/48 | €1,928 | €4,437 | +€2,509 | +130% |
| Accrued charges and deferred income | 492/3 | €453 | €491 | +€38 | +8.4% |
| Turnover | 70 | €82,038 | - | -€82,038 | |
| Goods, raw materials, services and sundry goods | 60/61 | €27,538 | - | -€27,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,537 | +€1,537 | |
| Other operating charges | 640/8 | - | €187 | +€187 | |
| Gross operating margin | 9900 | €10,015 | €88,350 | +€78,335 | +782% |
| Operating profit (loss) | 9901 | €10,015 | €86,626 | +€76,611 | +765% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,639 | €3,024 | +€1,385 | +84.6% |
| Recurring financial charges | 65 | €1,639 | €3,024 | +€1,385 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €8,380 | €83,602 | +€75,222 | +898% |
| Income taxes | 67/77 | €2,103 | €20,844 | +€18,741 | +891% |
| Profit (loss) for the period | 9904 | €6,277 | €62,758 | +€56,481 | +900% |
| Profit (loss) for the period to be appropriated | 9905 | €6,277 | €62,758 | +€56,481 | +900% |
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 17 October 2026 via checked.be.