COSSAER: 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.
COSSAER
Largest movements
- Receivables within one year +€15,943
up €15,943 (+46.9%), from €34,005 to €49,948
of which Trade receivables: +€15,943
- Debts after one year -€57,546
down €57,546 (-11.7%), from €492,756 to €435,210
- Accrued charges and deferred income +€52,586
up €52,586 (+11,598%), from €453 to €53,039
- Profit (loss) carried forward +€22,522
up €22,522 (+42.7%), from -€52,690 to -€30,168
- Current portion of long-term debt +€15,723
up €15,723 (+17.5%), from €89,864 to €105,587
- Tax, wage and social debts -€13,224
down €13,224 (-39.6%), from €33,365 to €20,141
of which Remuneration and social security: -€7,278
- Staff costs -€55,657
down €55,657 (-31.3%), from €178,009 to €122,352
- Depreciation -€11,691
down €11,691 (-21.6%), from €54,180 to €42,490
- Gross operating margin -€10,894
down €10,894 (-4.9%), from €223,285 to €212,391
- Other operating charges +€5,888
up €5,888 (+260%), from €2,267 to €8,155
- Financial charges +€3,204
up €3,204 (+23.7%), from €13,524 to €16,728
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.
Derived cash bridge
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 | €771,159 | €792,565 | +€21,406 | +2.8% |
| Fixed assets | 21/28 | €727,220 | €725,873 | -€1,347 | -0.2% |
| Tangible fixed assets | 22/27 | €726,385 | €725,038 | -€1,347 | -0.2% |
| Land and buildings | 22 | €16,776 | €13,933 | -€2,843 | -16.9% |
| Plant, machinery and equipment | 23 | €141,227 | €130,853 | -€10,374 | -7.3% |
| Furniture and vehicles | 24 | €1,797 | €1,245 | -€553 | -30.8% |
| Leasing and similar rights | 25 | €566,585 | €579,007 | +€12,422 | +2.2% |
| Financial fixed assets | 28 | €835 | €835 | = | 0.0% |
| Current assets | 29/58 | €43,938 | €66,691 | +€22,753 | +51.8% |
| Stocks and contracts in progress | 3 | €0 | €671 | +€671 | |
| Stocks | 30/36 | €0 | €671 | +€671 | |
| Amounts receivable within one year | 40/41 | €34,005 | €49,948 | +€15,943 | +46.9% |
| Trade receivables | 40 | €34,005 | €49,948 | +€15,943 | +46.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €376 | €1 | -€375 | -99.7% |
| Cash at bank and in hand | 54/58 | €7,477 | €10,333 | +€2,856 | +38.2% |
| Deferred charges and accrued income | 490/1 | €2,080 | €5,739 | +€3,658 | +176% |
| Total equity and liabilities | 10/49 | €771,159 | €792,565 | +€21,406 | +2.8% |
| Equity | 10/15 | €211 | €22,733 | +€22,522 | +10,670% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,901 | €2,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €901 | €901 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,690 | -€30,168 | +€22,522 | +42.7% |
| Amounts payable | 17/49 | €770,948 | €769,832 | -€1,116 | -0.1% |
| Amounts payable after more than one year | 17 | €492,756 | €435,210 | -€57,546 | -11.7% |
| Financial debts | 170/4 | €492,756 | €435,210 | -€57,546 | -11.7% |
| Amounts payable within one year | 42/48 | €277,738 | €281,583 | +€3,844 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €89,864 | €105,587 | +€15,723 | +17.5% |
| Financial debts | 43 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Trade debts | 44 | €24,721 | €30,466 | +€5,745 | +23.2% |
| Suppliers | 440/4 | €24,721 | €30,466 | +€5,745 | +23.2% |
| Taxes, remuneration and social security | 45 | €33,365 | €20,141 | -€13,224 | -39.6% |
| Taxes | 450/3 | €8,037 | €2,091 | -€5,946 | -74.0% |
| Remuneration and social security | 454/9 | €25,328 | €18,050 | -€7,278 | -28.7% |
| Other amounts payable | 47/48 | €124,788 | €121,388 | -€3,399 | -2.7% |
| Accrued charges and deferred income | 492/3 | €453 | €53,039 | +€52,586 | +11,598% |
| Remuneration, social security and pensions | 62 | €178,009 | €122,352 | -€55,657 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,180 | €42,490 | -€11,691 | -21.6% |
| Other operating charges | 640/8 | €2,267 | €8,155 | +€5,888 | +260% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €223,285 | €212,391 | -€10,894 | -4.9% |
| Operating profit (loss) | 9901 | -€11,171 | €39,394 | +€50,566 | |
| Financial income | 75/76B | €0 | €71 | +€71 | +709,100% |
| Recurring financial income | 75 | €0 | €71 | +€71 | +709,100% |
| Financial charges | 65/66B | €13,524 | €16,728 | +€3,204 | +23.7% |
| Recurring financial charges | 65 | €13,524 | €16,728 | +€3,204 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,695 | €22,737 | +€47,433 | |
| Income taxes | 67/77 | €73 | €216 | +€143 | +195% |
| Profit (loss) for the period | 9904 | -€24,768 | €22,522 | +€47,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,768 | €22,522 | +€47,290 |
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 20 October 2026 via checked.be.