COSIJNS: what changed
What changed
COSIJNS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€24,531
2024 · -€17,756+€42,287
Equity
€1.4m
2024 · €1.4m+€24,531
Cash
€221,066
2024 · €169,757+€51,308
Balance sheet total
€1.9m
2024 · €1.9m-€8,677
Largest movements
Assets
- Tangible fixed assets -€60,890
down €60,890 (-3.6%), from €1.7m to €1.6m
of which Land and buildings: -€61,908
- Cash +€51,308
up €51,308 (+30.2%), from €169,757 to €221,066
mainly Depreciation (+€71,057) and Net result for the year (+€24,531)
Equity and liabilities
- Debts after one year -€29,919
down €29,919 (-6.2%), from €481,482 to €451,563
- Profit (loss) carried forward +€24,531
up €24,531 (+1.7%), from €1.4m to €1.4m
Income statement
- Gross operating margin +€35,821
up €35,821 (+38.6%), from €92,713 to €128,534
- Depreciation -€3,795
down €3,795 (-5.1%), from €74,852 to €71,057
- Financial charges -€1,336
down €1,336 (-6.8%), from €19,770 to €18,434
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€17,756
Gross operating margin
+€35,821
Depreciation
+€3,795
Other operating charges
+€1,014
Financial income
+€91
Financial charges
+€1,336
Taxes
+€231
Result 2025
€24,531
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€90,315
Investment
-€10,167
Financing
-€28,840
Cash 2024
€169,757
From operations (derived)
+€90,315
Net result for the year
+€24,531
Depreciation
+€71,057
Receivables after one year
+€3,814
Receivables within one year
-€5,125
Deferred charges and accrued income
+€407
Trade debts
-€687
Tax, wage and social debts
-€1,797
Accrued charges and deferred income
-€1,885
Investment (derived)
-€10,167
Investment in fixed assets (net)
-€10,167
Financing
-€28,840
Debts after one year
-€29,919
Current portion of long-term debt
+€1,079
Cash 2025
€221,066
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,941,653 | €1,932,976 | -€8,677 | -0.4% |
| Fixed assets | 21/28 | €1,691,276 | €1,630,386 | -€60,890 | -3.6% |
| Tangible fixed assets | 22/27 | €1,691,276 | €1,630,386 | -€60,890 | -3.6% |
| Land and buildings | 22 | €1,689,316 | €1,627,409 | -€61,908 | -3.7% |
| Plant, machinery and equipment | 23 | €604 | €156 | -€449 | -74.2% |
| Furniture and vehicles | 24 | €1,355 | €2,822 | +€1,466 | +108% |
| Current assets | 29/58 | €250,377 | €302,590 | +€52,213 | +20.9% |
| Amounts receivable after more than one year | 29 | €24,098 | €20,284 | -€3,814 | -15.8% |
| Other amounts receivable | 291 | €24,098 | €20,284 | -€3,814 | -15.8% |
| Stocks and contracts in progress | 3 | €6,963 | €6,963 | = | 0.0% |
| Stocks | 30/36 | €6,963 | €6,963 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,193 | €52,317 | +€5,125 | +10.9% |
| Trade receivables | 40 | €12,204 | €3,529 | -€8,675 | -71.1% |
| Other amounts receivable | 41 | €34,988 | €48,789 | +€13,800 | +39.4% |
| Cash at bank and in hand | 54/58 | €169,757 | €221,066 | +€51,308 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,367 | €1,960 | -€407 | -17.2% |
| Total equity and liabilities | 10/49 | €1,941,653 | €1,932,976 | -€8,677 | -0.4% |
| Equity | 10/15 | €1,421,108 | €1,445,640 | +€24,531 | +1.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,402,516 | €1,427,048 | +€24,531 | +1.7% |
| Amounts payable | 17/49 | €520,545 | €487,336 | -€33,209 | -6.4% |
| Amounts payable after more than one year | 17 | €481,482 | €451,563 | -€29,919 | -6.2% |
| Financial debts | 170/4 | €481,482 | €451,563 | -€29,919 | -6.2% |
| Amounts payable within one year | 42/48 | €34,623 | €33,219 | -€1,404 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €28,840 | €29,919 | +€1,079 | +3.7% |
| Trade debts | 44 | €2,759 | €2,072 | -€687 | -24.9% |
| Suppliers | 440/4 | €2,759 | €2,072 | -€687 | -24.9% |
| Taxes, remuneration and social security | 45 | €3,025 | €1,228 | -€1,797 | -59.4% |
| Taxes | 450/3 | €3,025 | €1,228 | -€1,797 | -59.4% |
| Accrued charges and deferred income | 492/3 | €4,439 | €2,554 | -€1,885 | -42.5% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,852 | €71,057 | -€3,795 | -5.1% |
| Other operating charges | 640/8 | €18,774 | €17,760 | -€1,014 | -5.4% |
| Gross operating margin | 9900 | €92,713 | €128,534 | +€35,821 | +38.6% |
| Operating profit (loss) | 9901 | -€913 | €39,717 | +€40,630 | |
| Financial income | 75/76B | €3,331 | €3,422 | +€91 | +2.7% |
| Recurring financial income | 75 | €3,331 | €3,422 | +€91 | +2.7% |
| Financial charges | 65/66B | €19,770 | €18,434 | -€1,336 | -6.8% |
| Recurring financial charges | 65 | €19,770 | €18,434 | -€1,336 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,352 | €24,704 | +€42,056 | |
| Income taxes | 67/77 | €404 | €173 | -€231 | -57.2% |
| Profit (loss) for the period | 9904 | -€17,756 | €24,531 | +€42,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,756 | €24,531 | +€42,287 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.