COSSIDEL: 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.
COSSIDEL
Largest movements
- Current investments +€53,594
up €53,594 (+39.6%), from €135,178 to €188,772
- Receivables within one year -€38,547
down €38,547 (-63.1%), from €61,051 to €22,503
of which Trade receivables: -€20,702
- Tangible fixed assets -€7,857
down €7,857 (-16.5%), from €47,554 to €39,697
- Intangible fixed assets -€3,993
down €3,993 (-100.0%), from €3,993 to €0
- Provisions +€40,546
new in 2025: €40,546
- Trade debts -€17,942
down €17,942 (-95.7%), from €18,740 to €797
- Tax, wage and social debts -€14,327
down €14,327 (-44.3%), from €32,356 to €18,029
of which Taxes: -€17,379
- Current portion of long-term debt -€6,092
down €6,092 (-74.3%), from €8,202 to €2,110
- Reserves +€3,282
up €3,282 (+1.6%), from €210,725 to €214,007
of which Distributable reserves: +€3,282
- Provisions +€40,546
new in 2025: €40,546
- Financial charges +€35,430
up €35,430 (+2297.8%), from €1,542 to €36,972
- Gross operating margin +€27,965
up €27,965 (+20.0%), from €140,011 to €167,975
- Depreciation -€9,684
down €9,684 (-34.6%), from €27,982 to €18,298
- Staff costs +€6,465
up €6,465 (+22.9%), from €28,264 to €34,729
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 | €278,866 | €282,633 | +€3,767 | +1.4% |
| Fixed assets | 21/28 | €51,775 | €39,925 | -€11,850 | -22.9% |
| Intangible fixed assets | 21 | €3,993 | €0 | -€3,993 | -100.0% |
| Tangible fixed assets | 22/27 | €47,554 | €39,697 | -€7,857 | -16.5% |
| Plant, machinery and equipment | 23 | €15,663 | €12,422 | -€3,241 | -20.7% |
| Furniture and vehicles | 24 | €14,221 | €10,921 | -€3,301 | -23.2% |
| Other tangible fixed assets | 26 | €17,669 | €16,354 | -€1,315 | -7.4% |
| Financial fixed assets | 28 | €229 | €229 | = | 0.0% |
| Current assets | 29/58 | €227,091 | €242,707 | +€15,617 | +6.9% |
| Amounts receivable within one year | 40/41 | €61,051 | €22,503 | -€38,547 | -63.1% |
| Trade receivables | 40 | €22,567 | €1,865 | -€20,702 | -91.7% |
| Other amounts receivable | 41 | €38,484 | €20,638 | -€17,846 | -46.4% |
| Current investments | 50/53 | €135,178 | €188,772 | +€53,594 | +39.6% |
| Cash at bank and in hand | 54/58 | €29,953 | €29,200 | -€753 | -2.5% |
| Deferred charges and accrued income | 490/1 | €909 | €2,232 | +€1,323 | +145.5% |
| Total equity and liabilities | 10/49 | €278,866 | €282,633 | +€3,767 | +1.4% |
| Equity | 10/15 | €216,925 | €220,207 | +€3,282 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €210,725 | €214,007 | +€3,282 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €208,865 | €212,147 | +€3,282 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €40,546 | +€40,546 | |
| Provisions for liabilities and charges | 160/5 | - | €40,546 | +€40,546 | |
| Other liabilities and charges | 164/5 | - | €40,546 | +€40,546 | |
| Amounts payable | 17/49 | €61,941 | €21,880 | -€40,060 | -64.7% |
| Amounts payable after more than one year | 17 | €2,643 | €533 | -€2,110 | -79.8% |
| Financial debts | 170/4 | €2,643 | €533 | -€2,110 | -79.8% |
| Amounts payable within one year | 42/48 | €59,298 | €20,936 | -€38,361 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €8,202 | €2,110 | -€6,092 | -74.3% |
| Trade debts | 44 | €18,740 | €797 | -€17,942 | -95.7% |
| Suppliers | 440/4 | €18,740 | €797 | -€17,942 | -95.7% |
| Taxes, remuneration and social security | 45 | €32,356 | €18,029 | -€14,327 | -44.3% |
| Taxes | 450/3 | €28,886 | €11,507 | -€17,379 | -60.2% |
| Remuneration and social security | 454/9 | €3,470 | €6,522 | +€3,052 | +88.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €411 | +€411 | |
| Non-recurring operating income | 76A | €630 | €11 | -€620 | -98.3% |
| Remuneration, social security and pensions | 62 | €28,264 | €34,729 | +€6,465 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,982 | €18,298 | -€9,684 | -34.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,546 | +€40,546 | |
| Other operating charges | 640/8 | €1,183 | €1,321 | +€138 | +11.7% |
| Non-recurring operating charges | 66A | €0 | €530 | +€530 | |
| Gross operating margin | 9900 | €140,011 | €167,975 | +€27,965 | +20.0% |
| Operating profit (loss) | 9901 | €82,582 | €72,551 | -€10,030 | -12.1% |
| Financial income | 75/76B | €5,102 | €1,183 | -€3,918 | -76.8% |
| Recurring financial income | 75 | €5,102 | €1,183 | -€3,918 | -76.8% |
| Financial charges | 65/66B | €1,542 | €36,972 | +€35,430 | +2297.8% |
| Recurring financial charges | 65 | €1,542 | €36,972 | +€35,430 | +2297.8% |
| Profit (loss) for the period before taxes | 9903 | €86,141 | €36,763 | -€49,378 | -57.3% |
| Income taxes | 67/77 | €25,458 | €19,346 | -€6,112 | -24.0% |
| Profit (loss) for the period | 9904 | €60,684 | €17,418 | -€43,266 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,684 | €17,418 | -€43,266 | -71.3% |
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 10 October 2026 via checked.be.