COSIGIO': 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.
COSIGIO'
Largest movements
- Receivables within one year -€24,430
down €24,430 (-36.6%), from €66,780 to €42,350
of which Other amounts receivable: -€23,808
- Tangible fixed assets -€19,683
down €19,683 (-7.6%), from €259,129 to €239,446
- Cash -€8,155
down €8,155 (-88.5%), from €9,218 to €1,062
mainly Tax, wage and social debts (-€28,324) and Debts after one year (-€13,995)
- Intangible fixed assets -€7,500
down €7,500 (-27.3%), from €27,500 to €20,000
- Tax, wage and social debts -€28,324
down €28,324 (-66.2%), from €42,813 to €14,489
of which Taxes: -€18,135
- Debts after one year -€13,995
down €13,995 (-5.3%), from €262,100 to €248,106
- Trade debts -€10,656
down €10,656 (-48.7%), from €21,860 to €11,204
- Current portion of long-term debt -€6,236
down €6,236 (-16.6%), from €37,616 to €31,380
- Staff costs -€14,984
down €14,984 (-20.2%), from €74,157 to €59,173
- Gross operating margin -€5,872
down €5,872 (-4.6%), from €128,644 to €122,773
- Financial charges +€3,861
up €3,861 (+16.9%), from €22,900 to €26,761
- Financial income -€3,442
down €3,442 (-82.9%), from €4,153 to €711
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 | €367,401 | €309,004 | -€58,397 | -15.9% |
| Fixed assets | 21/28 | €286,629 | €259,446 | -€27,183 | -9.5% |
| Intangible fixed assets | 21 | €27,500 | €20,000 | -€7,500 | -27.3% |
| Tangible fixed assets | 22/27 | €259,129 | €239,446 | -€19,683 | -7.6% |
| Land and buildings | 22 | €227,323 | €221,270 | -€6,052 | -2.7% |
| Plant, machinery and equipment | 23 | €19,481 | €11,676 | -€7,806 | -40.1% |
| Furniture and vehicles | 24 | €12,325 | €6,500 | -€5,825 | -47.3% |
| Current assets | 29/58 | €80,773 | €49,558 | -€31,215 | -38.6% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,780 | €42,350 | -€24,430 | -36.6% |
| Trade receivables | 40 | €658 | €35 | -€622 | -94.6% |
| Other amounts receivable | 41 | €66,123 | €42,315 | -€23,808 | -36.0% |
| Cash at bank and in hand | 54/58 | €9,218 | €1,062 | -€8,155 | -88.5% |
| Deferred charges and accrued income | 490/1 | €1,275 | €2,646 | +€1,371 | +107.6% |
| Total equity and liabilities | 10/49 | €367,401 | €309,004 | -€58,397 | -15.9% |
| Equity | 10/15 | -€2,779 | -€968 | +€1,811 | +65.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,979 | -€7,168 | +€1,811 | +20.2% |
| Amounts payable | 17/49 | €370,180 | €309,971 | -€60,209 | -16.3% |
| Amounts payable after more than one year | 17 | €262,100 | €248,106 | -€13,995 | -5.3% |
| Financial debts | 170/4 | €262,100 | €248,106 | -€13,995 | -5.3% |
| Amounts payable within one year | 42/48 | €108,080 | €61,396 | -€46,683 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €37,616 | €31,380 | -€6,236 | -16.6% |
| Trade debts | 44 | €21,860 | €11,204 | -€10,656 | -48.7% |
| Suppliers | 440/4 | €21,860 | €11,204 | -€10,656 | -48.7% |
| Taxes, remuneration and social security | 45 | €42,813 | €14,489 | -€28,324 | -66.2% |
| Taxes | 450/3 | €24,217 | €6,082 | -€18,135 | -74.9% |
| Remuneration and social security | 454/9 | €18,596 | €8,407 | -€10,189 | -54.8% |
| Other amounts payable | 47/48 | €5,791 | €4,323 | -€1,467 | -25.3% |
| Accrued charges and deferred income | 492/3 | - | €469 | +€469 | |
| Remuneration, social security and pensions | 62 | €74,157 | €59,173 | -€14,984 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,958 | €27,947 | -€11 | 0.0% |
| Other operating charges | 640/8 | €4,147 | €5,395 | +€1,248 | +30.1% |
| Gross operating margin | 9900 | €128,644 | €122,773 | -€5,872 | -4.6% |
| Operating profit (loss) | 9901 | €22,383 | €30,258 | +€7,875 | +35.2% |
| Financial income | 75/76B | €4,153 | €711 | -€3,442 | -82.9% |
| Recurring financial income | 75 | €4,153 | €711 | -€3,442 | -82.9% |
| Financial charges | 65/66B | €22,900 | €26,761 | +€3,861 | +16.9% |
| Recurring financial charges | 65 | €22,900 | €26,761 | +€3,861 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €3,635 | €4,208 | +€573 | +15.8% |
| Income taxes | 67/77 | €1,855 | €2,397 | +€542 | +29.2% |
| Profit (loss) for the period | 9904 | €1,780 | €1,811 | +€31 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,780 | €1,811 | +€31 | +1.7% |
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 9 October 2026 via checked.be.