cosphi: 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.
cosphi
Largest movements
- Tangible fixed assets +€26,774
up €26,774 (+1475.4%), from €1,815 to €28,589
of which Furniture and vehicles: +€13,900
- Receivables within one year +€14,708
up €14,708 (+60.0%), from €24,521 to €39,228
of which Trade receivables: +€31,920
- Reserves +€48,740
up €48,740 (+35.0%), from €139,162 to €187,902
- Tax, wage and social debts -€5,425
down €5,425 (-18.3%), from €29,583 to €24,158
- Gross operating margin -€63,996
down €63,996 (-47.1%), from €135,868 to €71,873
- Taxes -€16,607
down €16,607 (-56.8%), from €29,255 to €12,648
- Depreciation +€9,056
up €9,056 (+1448.2%), from €625 to €9,682
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 | €174,073 | €215,756 | +€41,683 | +23.9% |
| Fixed assets | 21/28 | €1,815 | €28,589 | +€26,774 | +1475.4% |
| Tangible fixed assets | 22/27 | €1,815 | €28,589 | +€26,774 | +1475.4% |
| Plant, machinery and equipment | 23 | €1,815 | €14,689 | +€12,874 | +709.4% |
| Furniture and vehicles | 24 | - | €13,900 | +€13,900 | |
| Current assets | 29/58 | €172,258 | €187,167 | +€14,909 | +8.7% |
| Amounts receivable within one year | 40/41 | €24,521 | €39,228 | +€14,708 | +60.0% |
| Trade receivables | 40 | - | €31,920 | +€31,920 | |
| Other amounts receivable | 41 | €24,521 | €7,309 | -€17,212 | -70.2% |
| Cash at bank and in hand | 54/58 | €147,737 | €146,858 | -€879 | -0.6% |
| Deferred charges and accrued income | 490/1 | - | €1,080 | +€1,080 | |
| Total equity and liabilities | 10/49 | €174,073 | €215,756 | +€41,683 | +23.9% |
| Equity | 10/15 | €141,662 | €190,402 | +€48,740 | +34.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €139,162 | €187,902 | +€48,740 | +35.0% |
| Distributable reserves | 133 | €139,162 | €187,902 | +€48,740 | +35.0% |
| Amounts payable | 17/49 | €32,411 | €25,354 | -€7,057 | -21.8% |
| Amounts payable within one year | 42/48 | €32,411 | €25,354 | -€7,057 | -21.8% |
| Trade debts | 44 | €2,828 | €1,196 | -€1,632 | -57.7% |
| Suppliers | 440/4 | €2,828 | €1,196 | -€1,632 | -57.7% |
| Taxes, remuneration and social security | 45 | €29,583 | €24,158 | -€5,425 | -18.3% |
| Taxes | 450/3 | €29,583 | €24,158 | -€5,425 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €9,682 | +€9,056 | +1448.2% |
| Other operating charges | 640/8 | €312 | €568 | +€256 | +82.1% |
| Gross operating margin | 9900 | €135,868 | €71,873 | -€63,996 | -47.1% |
| Operating profit (loss) | 9901 | €134,931 | €61,623 | -€73,308 | -54.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,204 | €235 | -€969 | -80.5% |
| Recurring financial charges | 65 | €1,204 | €235 | -€969 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €133,727 | €61,388 | -€72,339 | -54.1% |
| Income taxes | 67/77 | €29,255 | €12,648 | -€16,607 | -56.8% |
| Profit (loss) for the period | 9904 | €104,472 | €48,740 | -€55,732 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,472 | €48,740 | -€55,732 | -53.3% |
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 5 October 2026 via checked.be.