COSY GROUP: 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 GROUP
Largest movements
- Receivables after one year -€26,394
no longer reported in 2025 (was €26,394)
- Receivables within one year -€23,066
down €23,066 (-64.3%), from €35,865 to €12,799
of which Other amounts receivable: -€16,937
- Deferred charges and accrued income -€4,461
no longer reported in 2025 (was €4,461)
- Stocks and contracts -€2,824
no longer reported in 2025 (was €2,824)
- Cash -€1,163
down €1,163 (-5.0%), from €23,363 to €22,200
mainly Contributions, distributions and other (-€47,856) and Tax, wage and social debts (-€13,572)
- Profit (loss) carried forward -€47,856
no longer reported in 2025 (was €47,856)
- Tax, wage and social debts -€13,572
down €13,572 (-73.2%), from €18,535 to €4,963
of which Taxes: -€7,491
- Reserves +€9,445
up €9,445 (+48.9%), from €19,329 to €28,774
- Advances received -€6,497
no longer reported in 2025 (was €6,497)
- Gross operating margin -€50,516
down €50,516 (-58.5%), from €86,421 to €35,905
- Staff costs -€35,006
down €35,006 (-62.9%), from €55,625 to €20,620
- Taxes -€5,850
down €5,850 (-53.9%), from €10,846 to €4,996
- Financial income -€1,660
down €1,660 (-53.5%), from €3,106 to €1,446
- Depreciation -€1,542
down €1,542 (-66.7%), from €2,313 to €771
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 | €95,417 | €36,737 | -€58,680 | -61.5% |
| Fixed assets | 21/28 | €2,510 | €1,738 | -€771 | -30.7% |
| Tangible fixed assets | 22/27 | €2,510 | €1,738 | -€771 | -30.7% |
| Furniture and vehicles | 24 | €2,510 | €1,738 | -€771 | -30.7% |
| Current assets | 29/58 | €92,907 | €34,999 | -€57,908 | -62.3% |
| Amounts receivable after more than one year | 29 | €26,394 | - | -€26,394 | |
| Other amounts receivable | 291 | €26,394 | - | -€26,394 | |
| Stocks and contracts in progress | 3 | €2,824 | - | -€2,824 | |
| Stocks | 30/36 | €2,824 | - | -€2,824 | |
| Amounts receivable within one year | 40/41 | €35,865 | €12,799 | -€23,066 | -64.3% |
| Trade receivables | 40 | €6,129 | - | -€6,129 | |
| Other amounts receivable | 41 | €29,736 | €12,799 | -€16,937 | -57.0% |
| Cash at bank and in hand | 54/58 | €23,363 | €22,200 | -€1,163 | -5.0% |
| Deferred charges and accrued income | 490/1 | €4,461 | - | -€4,461 | |
| Total equity and liabilities | 10/49 | €95,417 | €36,737 | -€58,680 | -61.5% |
| Equity | 10/15 | €70,185 | €31,774 | -€38,411 | -54.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,329 | €28,774 | +€9,445 | +48.9% |
| Distributable reserves | 133 | €19,329 | €28,774 | +€9,445 | +48.9% |
| Profit (loss) carried forward | 14 | €47,856 | - | -€47,856 | |
| Amounts payable | 17/49 | €25,232 | €4,963 | -€20,269 | -80.3% |
| Amounts payable within one year | 42/48 | €25,232 | €4,963 | -€20,269 | -80.3% |
| Trade debts | 44 | €200 | - | -€200 | |
| Suppliers | 440/4 | €200 | - | -€200 | |
| Advances received on contracts in progress | 46 | €6,497 | - | -€6,497 | |
| Taxes, remuneration and social security | 45 | €18,535 | €4,963 | -€13,572 | -73.2% |
| Taxes | 450/3 | €12,454 | €4,963 | -€7,491 | -60.1% |
| Remuneration and social security | 454/9 | €6,081 | - | -€6,081 | |
| Remuneration, social security and pensions | 62 | €55,625 | €20,620 | -€35,006 | -62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,313 | €771 | -€1,542 | -66.7% |
| Other operating charges | 640/8 | €1,014 | €1,232 | +€217 | +21.4% |
| Gross operating margin | 9900 | €86,421 | €35,905 | -€50,516 | -58.5% |
| Operating profit (loss) | 9901 | €27,468 | €13,283 | -€14,185 | -51.6% |
| Financial income | 75/76B | €3,106 | €1,446 | -€1,660 | -53.5% |
| Recurring financial income | 75 | €3,106 | €1,446 | -€1,660 | -53.5% |
| Financial charges | 65/66B | €398 | €288 | -€110 | -27.7% |
| Recurring financial charges | 65 | €398 | €288 | -€110 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €30,175 | €14,440 | -€15,735 | -52.1% |
| Income taxes | 67/77 | €10,846 | €4,996 | -€5,850 | -53.9% |
| Profit (loss) for the period | 9904 | €19,329 | €9,445 | -€9,884 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,329 | €9,445 | -€9,884 | -51.1% |
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 27 October 2026 via checked.be.