COSOLAR: 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.
COSOLAR
Largest movements
- Cash -€551,286
down €551,286 (-82.7%), from €666,336 to €115,050
mainly Other debts (-€272,000) and Net result for the year (-€264,320)
- Financial fixed assets -€187,500
down €187,500 (-4.0%), from €4.7m to €4.5m
- Other debts -€272,000
no longer reported in 2025 (was €272,000)
- Profit (loss) carried forward -€264,320
down €264,320 (-23.4%), from €1.1m to €866,615
- Debts after one year -€195,905
down €195,905 (-25.7%), from €762,814 to €566,909
- Financial charges +€182,718
up €182,718 (+684.5%), from €26,692 to €209,411
of which Non-recurring financial charges: +€187,500
- Gross operating margin -€42,292
down €42,292 (-335.2%), from -€12,617 to -€54,909
- Financial income -€6,841
no longer reported in 2025 (was €6,841)
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 | €5,329,932 | €4,602,470 | -€727,462 | -13.6% |
| Fixed assets | 21/28 | €4,659,000 | €4,471,500 | -€187,500 | -4.0% |
| Financial fixed assets | 28 | €4,659,000 | €4,471,500 | -€187,500 | -4.0% |
| Current assets | 29/58 | €670,932 | €130,970 | -€539,962 | -80.5% |
| Amounts receivable within one year | 40/41 | €4,596 | €11,192 | +€6,596 | +143.5% |
| Trade receivables | 40 | €33 | - | -€33 | |
| Other amounts receivable | 41 | €4,563 | €11,192 | +€6,629 | +145.3% |
| Cash at bank and in hand | 54/58 | €666,336 | €115,050 | -€551,286 | -82.7% |
| Deferred charges and accrued income | 490/1 | - | €4,728 | +€4,728 | |
| Total equity and liabilities | 10/49 | €5,329,932 | €4,602,470 | -€727,462 | -13.6% |
| Equity | 10/15 | €4,081,035 | €3,816,715 | -€264,320 | -6.5% |
| Contributions | 10/11 | €2,950,100 | €2,950,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,130,935 | €866,615 | -€264,320 | -23.4% |
| Amounts payable | 17/49 | €1,248,897 | €785,755 | -€463,142 | -37.1% |
| Amounts payable after more than one year | 17 | €762,814 | €566,909 | -€195,905 | -25.7% |
| Financial debts | 170/4 | €762,814 | €566,909 | -€195,905 | -25.7% |
| Amounts payable within one year | 42/48 | €483,387 | €216,717 | -€266,669 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €211,358 | €213,762 | +€2,405 | +1.1% |
| Trade debts | 44 | €29 | €2,955 | +€2,926 | +10065.1% |
| Suppliers | 440/4 | €29 | €2,955 | +€2,926 | +10065.1% |
| Other amounts payable | 47/48 | €272,000 | - | -€272,000 | |
| Accrued charges and deferred income | 492/3 | €2,696 | €2,129 | -€568 | -21.1% |
| Gross operating margin | 9900 | -€12,617 | -€54,909 | -€42,292 | -335.2% |
| Operating profit (loss) | 9901 | -€12,617 | -€54,909 | -€42,292 | -335.2% |
| Financial income | 75/76B | €6,841 | - | -€6,841 | |
| Recurring financial income | 75 | €6,841 | - | -€6,841 | |
| Financial charges | 65/66B | €26,692 | €209,411 | +€182,718 | +684.5% |
| Recurring financial charges | 65 | €26,692 | €21,911 | -€4,782 | -17.9% |
| Non-recurring financial charges | 66B | - | €187,500 | +€187,500 | |
| Profit (loss) for the period before taxes | 9903 | -€32,469 | -€264,320 | -€231,851 | -714.1% |
| Profit (loss) for the period | 9904 | -€32,469 | -€264,320 | -€231,851 | -714.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,469 | -€264,320 | -€231,851 | -714.1% |
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.