Cositex: 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.
Cositex
Largest movements
- Stocks and contracts +€720,281
up €720,281 (+60.3%), from €1.2m to €1.9m
- Receivables after one year -€663,901
down €663,901 (-100.0%), from €663,901 to €0
of which Other amounts receivable: -€663,901
- Tangible fixed assets +€138,759
up €138,759 (+47.0%), from €295,032 to €433,792
of which Plant, machinery and equipment: +€108,498
- Receivables within one year -€117,358
down €117,358 (-27.3%), from €429,750 to €312,392
of which Other amounts receivable: -€92,931
- Intangible fixed assets +€83,917
up €83,917 (+70.2%), from €119,500 to €203,417
- Debts after one year -€452,130
down €452,130 (-54.7%), from €826,935 to €374,805
of which Other amounts payable: -€307,539
- Tax, wage and social debts +€362,746
up €362,746 (+90.5%), from €400,881 to €763,627
of which Remuneration and social security: +€321,383
- Trade debts +€226,067
up €226,067 (+57.1%), from €395,633 to €621,700
- Short-term financial debts -€197,287
down €197,287 (-32.3%), from €610,468 to €413,181
- Other debts +€101,974
up €101,974 (+150.6%), from €67,706 to €169,679
- Gross operating margin +€586,818
up €586,818 (+51.4%), from €1.1m to €1.7m
- Staff costs +€457,710
up €457,710 (+41.7%), from €1.1m to €1.6m
- Write-downs -€304,828
down €304,828 (-96.0%), from €317,642 to €12,814
- Depreciation -€55,933
down €55,933 (-30.4%), from €184,168 to €128,235
- Financial charges -€44,495
down €44,495 (-44.9%), from €99,175 to €54,680
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 | €2,864,853 | €3,034,522 | +€169,668 | +5.9% |
| Formation expenses | 20 | €77,404 | €143,910 | +€66,506 | +85.9% |
| Fixed assets | 21/28 | €414,533 | €637,209 | +€222,676 | +53.7% |
| Intangible fixed assets | 21 | €119,500 | €203,417 | +€83,917 | +70.2% |
| Tangible fixed assets | 22/27 | €295,032 | €433,792 | +€138,759 | +47.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €252,638 | €361,137 | +€108,498 | +42.9% |
| Furniture and vehicles | 24 | €10,392 | €36,281 | +€25,889 | +249.1% |
| Assets under construction and advance payments | 27 | €32,002 | €36,374 | +€4,372 | +13.7% |
| Current assets | 29/58 | €2,372,917 | €2,253,403 | -€119,513 | -5.0% |
| Amounts receivable after more than one year | 29 | €663,901 | €0 | -€663,901 | -100.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €663,901 | €0 | -€663,901 | -100.0% |
| Stocks and contracts in progress | 3 | €1,193,697 | €1,913,978 | +€720,281 | +60.3% |
| Stocks | 30/36 | €1,193,697 | €1,913,978 | +€720,281 | +60.3% |
| Amounts receivable within one year | 40/41 | €429,750 | €312,392 | -€117,358 | -27.3% |
| Trade receivables | 40 | €249,821 | €225,394 | -€24,427 | -9.8% |
| Other amounts receivable | 41 | €179,929 | €86,998 | -€92,931 | -51.6% |
| Cash at bank and in hand | 54/58 | €75,881 | €19,944 | -€55,937 | -73.7% |
| Deferred charges and accrued income | 490/1 | €9,687 | €7,089 | -€2,598 | -26.8% |
| Total equity and liabilities | 10/49 | €2,864,853 | €3,034,522 | +€169,668 | +5.9% |
| Equity | 10/15 | €563,230 | €626,188 | +€62,958 | +11.2% |
| Contributions | 10/11 | €1,650,000 | €1,650,000 | = | 0.0% |
| Capital | 10 | €1,650,000 | €1,650,000 | = | 0.0% |
| Issued capital | 100 | €1,650,000 | €1,650,000 | = | 0.0% |
| Reserves | 13 | €165,000 | €165,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €165,000 | €165,000 | = | 0.0% |
| Legal reserve | 130 | €165,000 | €165,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,251,770 | -€1,188,812 | +€62,958 | +5.0% |
| Amounts payable | 17/49 | €2,301,623 | €2,408,334 | +€106,710 | +4.6% |
| Amounts payable after more than one year | 17 | €826,935 | €374,805 | -€452,130 | -54.7% |
| Financial debts | 170/4 | €0 | - | = | |
| Trade debts | 175 | €519,396 | €374,805 | -€144,591 | -27.8% |
| Other amounts payable | 178/9 | €307,539 | €0 | -€307,539 | -100.0% |
| Amounts payable within one year | 42/48 | €1,474,688 | €1,973,923 | +€499,235 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €610,468 | €413,181 | -€197,287 | -32.3% |
| Credit institutions | 430/8 | €610,468 | €413,181 | -€197,287 | -32.3% |
| Trade debts | 44 | €395,633 | €621,700 | +€226,067 | +57.1% |
| Suppliers | 440/4 | €395,633 | €621,700 | +€226,067 | +57.1% |
| Advances received on contracts in progress | 46 | - | €5,736 | +€5,736 | |
| Taxes, remuneration and social security | 45 | €400,881 | €763,627 | +€362,746 | +90.5% |
| Taxes | 450/3 | €12,118 | €53,481 | +€41,363 | +341.3% |
| Remuneration and social security | 454/9 | €388,763 | €710,146 | +€321,383 | +82.7% |
| Other amounts payable | 47/48 | €67,706 | €169,679 | +€101,974 | +150.6% |
| Accrued charges and deferred income | 492/3 | - | €59,605 | +€59,605 | |
| Non-recurring operating income | 76A | €960,673 | €0 | -€960,673 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,097,893 | €1,555,604 | +€457,710 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,168 | €128,235 | -€55,933 | -30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €317,642 | €12,814 | -€304,828 | -96.0% |
| Other operating charges | 640/8 | €4,095 | €9,418 | +€5,324 | +130.0% |
| Operating charges capitalised as restructuring costs | 649 | -€80,503 | -€68,021 | +€12,482 | +15.5% |
| Non-recurring operating charges | 66A | €91,449 | €0 | -€91,449 | -100.0% |
| Gross operating margin | 9900 | €1,142,640 | €1,729,458 | +€586,818 | +51.4% |
| Operating profit (loss) | 9901 | -€472,103 | €91,408 | +€563,511 | |
| Financial income | 75/76B | €56,078 | €26,568 | -€29,510 | -52.6% |
| Recurring financial income | 75 | €56,078 | €26,568 | -€29,510 | -52.6% |
| Financial charges | 65/66B | €99,175 | €54,680 | -€44,495 | -44.9% |
| Recurring financial charges | 65 | €99,175 | €54,680 | -€44,495 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | -€515,200 | €63,296 | +€578,496 | |
| Income taxes | 67/77 | €146 | €338 | +€192 | +132.2% |
| Profit (loss) for the period | 9904 | -€515,346 | €62,958 | +€578,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€515,346 | €62,958 | +€578,304 |
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 3 October 2026 via checked.be.