CosWheels: 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.
CosWheels
Largest movements
- Receivables within one year -€75,049
down €75,049 (-31.0%), from €241,703 to €166,654
of which Trade receivables: -€223,801
- Tangible fixed assets -€31,624
down €31,624 (-8.5%), from €374,162 to €342,538
of which Land and buildings: -€16,667
- Cash +€25,008
up €25,008 (+4.4%), from €572,686 to €597,694
mainly Receivables within one year (+€75,049) and Net result for the year (+€51,659)
- Tax, wage and social debts -€93,502
down €93,502 (-83.4%), from €112,108 to €18,606
- Reserves +€24,691
up €24,691 (+2.7%), from €902,761 to €927,452
- Debts after one year -€11,919
down €11,919 (-7.7%), from €155,453 to €143,534
- Gross operating margin -€301,023
down €301,023 (-73.7%), from €408,385 to €107,363
- Taxes -€101,530
down €101,530 (-87.1%), from €116,589 to €15,059
- Depreciation +€12,043
up €12,043 (+56.3%), from €21,398 to €33,440
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 | €1,191,060 | €1,109,249 | -€81,811 | -6.9% |
| Fixed assets | 21/28 | €374,162 | €342,538 | -€31,624 | -8.5% |
| Tangible fixed assets | 22/27 | €374,162 | €342,538 | -€31,624 | -8.5% |
| Land and buildings | 22 | €300,727 | €284,060 | -€16,667 | -5.5% |
| Plant, machinery and equipment | 23 | €719 | €2,017 | +€1,298 | +180.4% |
| Furniture and vehicles | 24 | €72,715 | €56,460 | -€16,255 | -22.4% |
| Current assets | 29/58 | €816,898 | €766,711 | -€50,187 | -6.1% |
| Amounts receivable within one year | 40/41 | €241,703 | €166,654 | -€75,049 | -31.0% |
| Trade receivables | 40 | €223,801 | - | -€223,801 | |
| Other amounts receivable | 41 | €17,902 | €166,654 | +€148,753 | +830.9% |
| Cash at bank and in hand | 54/58 | €572,686 | €597,694 | +€25,008 | +4.4% |
| Deferred charges and accrued income | 490/1 | €2,509 | €2,363 | -€147 | -5.8% |
| Total equity and liabilities | 10/49 | €1,191,060 | €1,109,249 | -€81,811 | -6.9% |
| Equity | 10/15 | €902,761 | €927,452 | +€24,691 | +2.7% |
| Reserves | 13 | €902,761 | €927,452 | +€24,691 | +2.7% |
| Distributable reserves | 133 | €902,761 | €927,452 | +€24,691 | +2.7% |
| Amounts payable | 17/49 | €288,299 | €181,797 | -€106,502 | -36.9% |
| Amounts payable after more than one year | 17 | €155,453 | €143,534 | -€11,919 | -7.7% |
| Financial debts | 170/4 | €155,453 | €143,534 | -€11,919 | -7.7% |
| Amounts payable within one year | 42/48 | €132,845 | €38,263 | -€94,583 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €12,250 | €12,250 | = | 0.0% |
| Trade debts | 44 | €8,488 | €7,407 | -€1,081 | -12.7% |
| Suppliers | 440/4 | €8,488 | €7,407 | -€1,081 | -12.7% |
| Taxes, remuneration and social security | 45 | €112,108 | €18,606 | -€93,502 | -83.4% |
| Taxes | 450/3 | €112,108 | €18,606 | -€93,502 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,398 | €33,440 | +€12,043 | +56.3% |
| Other operating charges | 640/8 | €1,606 | €3,004 | +€1,399 | +87.1% |
| Non-recurring operating charges | 66A | €8,904 | - | -€8,904 | |
| Gross operating margin | 9900 | €408,385 | €107,363 | -€301,023 | -73.7% |
| Operating profit (loss) | 9901 | €376,478 | €70,918 | -€305,560 | -81.2% |
| Financial income | 75/76B | €236 | €30 | -€205 | -87.2% |
| Recurring financial income | 75 | €236 | €30 | -€205 | -87.2% |
| Financial charges | 65/66B | €4,906 | €4,231 | -€675 | -13.8% |
| Recurring financial charges | 65 | €4,906 | €4,231 | -€675 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €371,808 | €66,718 | -€305,090 | -82.1% |
| Income taxes | 67/77 | €116,589 | €15,059 | -€101,530 | -87.1% |
| Profit (loss) for the period | 9904 | €255,219 | €51,659 | -€203,560 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €255,219 | €51,659 | -€203,560 | -79.8% |
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 30 September 2026 via checked.be.