COSY: 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.
COSY
Largest movements
- Cash -€31,589
down €31,589 (-85.7%), from €36,843 to €5,255
mainly Advances received (-€19,975) and Receivables within one year (-€12,035)
- Receivables within one year +€12,035
up €12,035 (+265.4%), from €4,535 to €16,570
of which Trade receivables: +€12,036
- Stocks and contracts -€11,996
down €11,996 (-8.5%), from €141,323 to €129,326
- Advances received -€19,975
down €19,975 (-80.1%), from €24,934 to €4,959
- Debts after one year -€12,000
down €12,000 (-39.7%), from €30,250 to €18,250
- Reserves +€5,600
up €5,600 (+9.6%), from €58,179 to €63,779
of which Distributable reserves: +€5,600
- Trade debts -€3,151
down €3,151 (-23.8%), from €13,214 to €10,063
- Tax, wage and social debts -€2,493
down €2,493 (-23.3%), from €10,708 to €8,215
- Gross operating margin -€5,924
down €5,924 (-34.2%), from €17,330 to €11,406
- Write-downs -€4,804
down €4,804, from €3,189 to -€1,616
- Financial charges -€3,397
down €3,397 (-95.8%), from €3,547 to €150
- Taxes +€828
up €828 (+26.8%), from €3,090 to €3,918
- Depreciation -€729
down €729 (-25.5%), from €2,862 to €2,133
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 | €187,245 | €155,910 | -€31,335 | -16.7% |
| Fixed assets | 21/28 | €2,400 | €2,317 | -€83 | -3.5% |
| Tangible fixed assets | 22/27 | €2,400 | €2,317 | -€83 | -3.5% |
| Plant, machinery and equipment | 23 | €157 | - | -€157 | |
| Furniture and vehicles | 24 | €1,660 | €527 | -€1,134 | -68.3% |
| Other tangible fixed assets | 26 | €582 | €1,790 | +€1,208 | +207.6% |
| Current assets | 29/58 | €184,845 | €153,593 | -€31,252 | -16.9% |
| Stocks and contracts in progress | 3 | €141,323 | €129,326 | -€11,996 | -8.5% |
| Stocks | 30/36 | €141,323 | €129,326 | -€11,996 | -8.5% |
| Amounts receivable within one year | 40/41 | €4,535 | €16,570 | +€12,035 | +265.4% |
| Trade receivables | 40 | €2,500 | €14,536 | +€12,036 | +481.4% |
| Other amounts receivable | 41 | €2,035 | €2,033 | -€2 | -0.1% |
| Cash at bank and in hand | 54/58 | €36,843 | €5,255 | -€31,589 | -85.7% |
| Deferred charges and accrued income | 490/1 | €2,144 | €2,443 | +€299 | +13.9% |
| Total equity and liabilities | 10/49 | €187,245 | €155,910 | -€31,335 | -16.7% |
| Equity | 10/15 | €105,523 | €111,134 | +€5,611 | +5.3% |
| Contributions | 10/11 | €49,789 | €49,789 | = | 0.0% |
| Reserves | 13 | €58,179 | €63,779 | +€5,600 | +9.6% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €55,700 | €61,300 | +€5,600 | +10.1% |
| Profit (loss) carried forward | 14 | -€2,445 | -€2,435 | +€11 | +0.4% |
| Amounts payable | 17/49 | €81,721 | €44,776 | -€36,945 | -45.2% |
| Amounts payable after more than one year | 17 | €30,250 | €18,250 | -€12,000 | -39.7% |
| Other amounts payable | 178/9 | €30,250 | €18,250 | -€12,000 | -39.7% |
| Amounts payable within one year | 42/48 | €51,471 | €26,526 | -€24,945 | -48.5% |
| Trade debts | 44 | €13,214 | €10,063 | -€3,151 | -23.8% |
| Suppliers | 440/4 | €13,214 | €10,063 | -€3,151 | -23.8% |
| Advances received on contracts in progress | 46 | €24,934 | €4,959 | -€19,975 | -80.1% |
| Taxes, remuneration and social security | 45 | €10,708 | €8,215 | -€2,493 | -23.3% |
| Taxes | 450/3 | €10,708 | €8,215 | -€2,493 | -23.3% |
| Other amounts payable | 47/48 | €2,616 | €3,290 | +€674 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,862 | €2,133 | -€729 | -25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,189 | -€1,616 | -€4,804 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,330 | €11,406 | -€5,924 | -34.2% |
| Operating profit (loss) | 9901 | €10,891 | €10,489 | -€402 | -3.7% |
| Financial income | 75/76B | €6 | €22 | +€16 | +265.6% |
| Recurring financial income | 75 | €6 | €22 | +€16 | +265.6% |
| Financial charges | 65/66B | €3,547 | €150 | -€3,397 | -95.8% |
| Recurring financial charges | 65 | €3,547 | €150 | -€3,397 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €7,351 | €10,361 | +€3,010 | +41.0% |
| Income taxes | 67/77 | €3,090 | €3,918 | +€828 | +26.8% |
| Profit (loss) for the period | 9904 | €4,261 | €6,444 | +€2,183 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,261 | €6,444 | +€2,183 | +51.2% |
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 4 October 2026 via checked.be.