COSIGES: 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.
COSIGES
Largest movements
- Cash -€55,580
down €55,580 (-54.7%), from €101,550 to €45,970
mainly Other debts (-€56,097) and Tax, wage and social debts (-€34,172)
- Other debts -€56,097
down €56,097 (-5.1%), from €1.1m to €1.0m
- Tax, wage and social debts -€34,172
down €34,172 (-42.3%), from €80,745 to €46,573
of which Taxes: -€31,137
- Staff costs +€5,836
up €5,836 (+18.0%), from €32,388 to €38,224
- Gross operating margin +€5,184
up €5,184 (+3.6%), from €144,992 to €150,176
- Depreciation -€1,884
down €1,884 (-8.4%), from €22,417 to €20,534
- Financial charges -€1,877
down €1,877 (-2.5%), from €75,240 to €73,363
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 | €2,975,415 | €2,895,747 | -€79,668 | -2.7% |
| Fixed assets | 21/28 | €1,941,464 | €1,922,230 | -€19,234 | -1.0% |
| Tangible fixed assets | 22/27 | €59,508 | €40,274 | -€19,234 | -32.3% |
| Plant, machinery and equipment | 23 | - | €1,280 | +€1,280 | |
| Furniture and vehicles | 24 | €59,508 | €38,994 | -€20,514 | -34.5% |
| Financial fixed assets | 28 | €1,881,956 | €1,881,956 | = | 0.0% |
| Current assets | 29/58 | €1,033,951 | €973,517 | -€60,434 | -5.8% |
| Amounts receivable within one year | 40/41 | €928,596 | €925,873 | -€2,724 | -0.3% |
| Trade receivables | 40 | €28,611 | €25,888 | -€2,724 | -9.5% |
| Other amounts receivable | 41 | €899,985 | €899,985 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101,550 | €45,970 | -€55,580 | -54.7% |
| Deferred charges and accrued income | 490/1 | €3,804 | €1,674 | -€2,130 | -56.0% |
| Total equity and liabilities | 10/49 | €2,975,415 | €2,895,747 | -€79,668 | -2.7% |
| Equity | 10/15 | €1,791,432 | €1,802,386 | +€10,954 | +0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,779,032 | €1,789,986 | +€10,954 | +0.6% |
| Distributable reserves | 133 | €1,779,032 | €1,789,986 | +€10,954 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,183,983 | €1,093,361 | -€90,622 | -7.7% |
| Amounts payable within one year | 42/48 | €1,183,983 | €1,093,361 | -€90,622 | -7.7% |
| Trade debts | 44 | €2,001 | €1,648 | -€354 | -17.7% |
| Suppliers | 440/4 | €2,001 | €1,648 | -€354 | -17.7% |
| Taxes, remuneration and social security | 45 | €80,745 | €46,573 | -€34,172 | -42.3% |
| Taxes | 450/3 | €70,617 | €39,480 | -€31,137 | -44.1% |
| Remuneration and social security | 454/9 | €10,128 | €7,093 | -€3,035 | -30.0% |
| Other amounts payable | 47/48 | €1,101,237 | €1,045,140 | -€56,097 | -5.1% |
| Remuneration, social security and pensions | 62 | €32,388 | €38,224 | +€5,836 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,417 | €20,534 | -€1,884 | -8.4% |
| Other operating charges | 640/8 | €1,272 | €1,647 | +€376 | +29.5% |
| Gross operating margin | 9900 | €144,992 | €150,176 | +€5,184 | +3.6% |
| Operating profit (loss) | 9901 | €88,915 | €89,771 | +€856 | +1.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €75,240 | €73,363 | -€1,877 | -2.5% |
| Recurring financial charges | 65 | €75,240 | €73,363 | -€1,877 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €13,676 | €16,408 | +€2,732 | +20.0% |
| Income taxes | 67/77 | €5,370 | €5,454 | +€83 | +1.6% |
| Profit (loss) for the period | 9904 | €8,305 | €10,954 | +€2,649 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,305 | €10,954 | +€2,649 | +31.9% |
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 7 October 2026 via checked.be.