Cosven: 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.
Cosven
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+476.5%), from €232,271 to €1.3m
of which Land and buildings: +€1.2m
- Cash -€539,766
down €539,766 (-97.9%), from €551,392 to €11,626
mainly Investment in fixed assets (net) (-€1.3m) and Receivables within one year (-€454,975)
- Receivables within one year +€454,975
up €454,975 (+386.9%), from €117,587 to €572,563
of which Trade receivables: +€301,585
- Deferred charges and accrued income -€118,115
down €118,115 (-100.0%), from €118,115 to €0
- Debts after one year +€980,417
up €980,417 (+2178.7%), from €45,000 to €1.0m
- Reserves +€240,203
up €240,203 (+69.8%), from €344,375 to €584,578
- Profit (loss) carried forward -€215,806
down €215,806 (-100.0%), from €215,806 to €0
- Other debts -€109,662
down €109,662 (-100.0%), from €109,662 to €0
- Current portion of long-term debt +€100,000
up €100,000 (+166.7%), from €60,000 to €160,000
- Gross operating margin -€320,408
down €320,408 (-53.2%), from €602,275 to €281,867
- Staff costs -€141,512
down €141,512 (-81.6%), from €173,385 to €31,874
- Taxes -€65,583
down €65,583 (-87.8%), from €74,693 to €9,110
- Depreciation +€60,731
up €60,731 (+49.4%), from €122,877 to €183,608
- Other operating charges +€14,961
up €14,961 (+114.8%), from €13,037 to €27,998
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 | €1,019,917 | €1,923,742 | +€903,826 | +88.6% |
| Fixed assets | 21/28 | €232,822 | €1,339,554 | +€1.1m | +475.4% |
| Tangible fixed assets | 22/27 | €232,271 | €1,339,003 | +€1.1m | +476.5% |
| Land and buildings | 22 | €20,555 | €1,248,966 | +€1.2m | +5976.3% |
| Plant, machinery and equipment | 23 | €198,435 | €80,907 | -€117,528 | -59.2% |
| Furniture and vehicles | 24 | €13,281 | €9,130 | -€4,151 | -31.3% |
| Financial fixed assets | 28 | €551 | €551 | = | 0.0% |
| Current assets | 29/58 | €787,095 | €584,189 | -€202,906 | -25.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €117,587 | €572,563 | +€454,975 | +386.9% |
| Trade receivables | 40 | €75,183 | €376,768 | +€301,585 | +401.1% |
| Other amounts receivable | 41 | €42,404 | €195,795 | +€153,391 | +361.7% |
| Cash at bank and in hand | 54/58 | €551,392 | €11,626 | -€539,766 | -97.9% |
| Deferred charges and accrued income | 490/1 | €118,115 | €0 | -€118,115 | -100.0% |
| Total equity and liabilities | 10/49 | €1,019,917 | €1,923,742 | +€903,826 | +88.6% |
| Equity | 10/15 | €580,181 | €604,578 | +€24,397 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €344,375 | €584,578 | +€240,203 | +69.8% |
| Distributable reserves | 133 | €344,375 | €584,578 | +€240,203 | +69.8% |
| Profit (loss) carried forward | 14 | €215,806 | €0 | -€215,806 | -100.0% |
| Amounts payable | 17/49 | €439,736 | €1,319,165 | +€879,429 | +200.0% |
| Amounts payable after more than one year | 17 | €45,000 | €1,025,417 | +€980,417 | +2178.7% |
| Financial debts | 170/4 | €45,000 | €1,025,417 | +€980,417 | +2178.7% |
| Amounts payable within one year | 42/48 | €337,890 | €293,748 | -€44,142 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €160,000 | +€100,000 | +166.7% |
| Trade debts | 44 | €63,627 | €109,644 | +€46,016 | +72.3% |
| Suppliers | 440/4 | €63,627 | €109,644 | +€46,016 | +72.3% |
| Taxes, remuneration and social security | 45 | €104,600 | €24,104 | -€80,496 | -77.0% |
| Taxes | 450/3 | €90,828 | €22,055 | -€68,773 | -75.7% |
| Remuneration and social security | 454/9 | €13,772 | €2,049 | -€11,723 | -85.1% |
| Other amounts payable | 47/48 | €109,662 | €0 | -€109,662 | -100.0% |
| Accrued charges and deferred income | 492/3 | €56,846 | €0 | -€56,846 | -100.0% |
| Remuneration, social security and pensions | 62 | €173,385 | €31,874 | -€141,512 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,877 | €183,608 | +€60,731 | +49.4% |
| Other operating charges | 640/8 | €13,037 | €27,998 | +€14,961 | +114.8% |
| Gross operating margin | 9900 | €602,275 | €281,867 | -€320,408 | -53.2% |
| Operating profit (loss) | 9901 | €292,975 | €38,386 | -€254,589 | -86.9% |
| Financial income | 75/76B | €11 | €1,513 | +€1,502 | +13898.4% |
| Recurring financial income | 75 | €11 | €1,513 | +€1,502 | +13898.4% |
| Financial charges | 65/66B | €2,487 | €6,392 | +€3,906 | +157.1% |
| Recurring financial charges | 65 | €2,487 | €6,392 | +€3,906 | +157.1% |
| Profit (loss) for the period before taxes | 9903 | €290,499 | €33,507 | -€256,992 | -88.5% |
| Income taxes | 67/77 | €74,693 | €9,110 | -€65,583 | -87.8% |
| Profit (loss) for the period | 9904 | €215,806 | €24,397 | -€191,409 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €215,806 | €24,397 | -€191,409 | -88.7% |
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.