COSY BUILD: 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.
COSY BUILD
Largest movements
- Receivables within one year -€38,628
down €38,628 (-30.3%), from €127,394 to €88,766
of which Trade receivables: -€41,757
- Cash -€6,161
down €6,161 (-8.3%), from €74,543 to €68,381
mainly Other debts (-€66,891) and Investment in fixed assets (net) (-€24,905)
- Other debts -€66,891
down €66,891 (-37.3%), from €179,342 to €112,451
- Trade debts +€39,096
up €39,096 (+86.8%), from €45,066 to €84,162
- Debts after one year -€22,973
down €22,973 (-10.0%), from €229,221 to €206,247
- Gross operating margin +€8,422
up €8,422 (+21.8%), from €38,604 to €47,026
- Depreciation +€6,045
up €6,045 (+30.2%), from €20,018 to €26,062
- Financial charges +€1,484
up €1,484 (+11.5%), from €12,911 to €14,395
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 | €614,485 | €567,862 | -€46,622 | -7.6% |
| Fixed assets | 21/28 | €403,331 | €402,174 | -€1,157 | -0.3% |
| Tangible fixed assets | 22/27 | €403,196 | €402,039 | -€1,157 | -0.3% |
| Land and buildings | 22 | €401,069 | €385,155 | -€15,914 | -4.0% |
| Plant, machinery and equipment | 23 | €177 | €16,099 | +€15,922 | +8,991% |
| Furniture and vehicles | 24 | €1,870 | €786 | -€1,084 | -58.0% |
| Other tangible fixed assets | 26 | €80 | €0 | -€80 | -100% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €211,154 | €165,688 | -€45,465 | -21.5% |
| Amounts receivable within one year | 40/41 | €127,394 | €88,766 | -€38,628 | -30.3% |
| Trade receivables | 40 | €121,872 | €80,114 | -€41,757 | -34.3% |
| Other amounts receivable | 41 | €5,522 | €8,651 | +€3,129 | +56.7% |
| Cash at bank and in hand | 54/58 | €74,543 | €68,381 | -€6,161 | -8.3% |
| Deferred charges and accrued income | 490/1 | €9,217 | €8,541 | -€676 | -7.3% |
| Total equity and liabilities | 10/49 | €614,485 | €567,862 | -€46,622 | -7.6% |
| Equity | 10/15 | €133,689 | €136,768 | +€3,079 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,739 | €119,819 | +€3,079 | +2.6% |
| Distributable reserves | 133 | €116,739 | €119,819 | +€3,079 | +2.6% |
| Profit (loss) carried forward | 14 | €10,750 | €10,750 | = | 0.0% |
| Amounts payable | 17/49 | €480,796 | €431,094 | -€49,702 | -10.3% |
| Amounts payable after more than one year | 17 | €229,221 | €206,247 | -€22,973 | -10.0% |
| Financial debts | 170/4 | €229,221 | €206,247 | -€22,973 | -10.0% |
| Amounts payable within one year | 42/48 | €251,575 | €224,798 | -€26,777 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €22,760 | €22,973 | +€213 | +0.9% |
| Trade debts | 44 | €45,066 | €84,162 | +€39,096 | +86.8% |
| Suppliers | 440/4 | €45,066 | €84,162 | +€39,096 | +86.8% |
| Taxes, remuneration and social security | 45 | €4,407 | €5,211 | +€804 | +18.2% |
| Taxes | 450/3 | €4,407 | €5,211 | +€804 | +18.2% |
| Other amounts payable | 47/48 | €179,342 | €112,451 | -€66,891 | -37.3% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,018 | €26,062 | +€6,045 | +30.2% |
| Other operating charges | 640/8 | €1,646 | €1,924 | +€278 | +16.9% |
| Gross operating margin | 9900 | €38,604 | €47,026 | +€8,422 | +21.8% |
| Operating profit (loss) | 9901 | €16,940 | €19,040 | +€2,100 | +12.4% |
| Financial income | 75/76B | €136 | €98 | -€38 | -27.7% |
| Recurring financial income | 75 | €136 | €98 | -€38 | -27.7% |
| Financial charges | 65/66B | €12,911 | €14,395 | +€1,484 | +11.5% |
| Recurring financial charges | 65 | €12,911 | €14,395 | +€1,484 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €4,165 | €4,744 | +€578 | +13.9% |
| Income taxes | 67/77 | €1,412 | €1,664 | +€252 | +17.8% |
| Profit (loss) for the period | 9904 | €2,753 | €3,079 | +€327 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,753 | €3,079 | +€327 | +11.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.