COSYBAT: 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.
COSYBAT
Largest movements
- Receivables within one year +€150,717
up €150,717 (+263.0%), from €57,309 to €208,026
of which Trade receivables: +€153,506
- Tangible fixed assets +€44,975
up €44,975 (+94.8%), from €47,454 to €92,429
of which Assets under construction and advance payments: +€54,161
- Current portion of long-term debt +€73,981
up €73,981 (+824.0%), from €8,979 to €82,960
- Trade debts +€65,686
up €65,686 (+454.5%), from €14,452 to €80,138
- Reserves +€58,737
up €58,737 (+32.3%), from €181,860 to €240,597
of which Distributable reserves: +€58,737
- Debts after one year -€9,391
down €9,391 (-33.8%), from €27,744 to €18,353
- Other debts +€8,689
up €8,689 (+890.5%), from €976 to €9,665
- Gross operating margin +€76,224
up €76,224 (+469.3%), from €16,244 to €92,468
- Taxes +€13,888
new in 2024: €13,888
- Financial charges +€2,211
up €2,211 (+87.5%), from €2,527 to €4,738
- Depreciation +€1,004
up €1,004 (+5.7%), from €17,515 to €18,519
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,753 | €465,503 | +€196,750 | +73.2% |
| Fixed assets | 21/28 | €47,454 | €92,429 | +€44,975 | +94.8% |
| Tangible fixed assets | 22/27 | €47,454 | €92,429 | +€44,975 | +94.8% |
| Plant, machinery and equipment | 23 | €46,076 | €32,694 | -€13,383 | -29.0% |
| Furniture and vehicles | 24 | €1,378 | €5,574 | +€4,196 | +304.5% |
| Assets under construction and advance payments | 27 | - | €54,161 | +€54,161 | |
| Current assets | 29/58 | €221,299 | €373,075 | +€151,776 | +68.6% |
| Stocks and contracts in progress | 3 | €144,035 | €144,035 | = | 0.0% |
| Stocks | 30/36 | €144,035 | €144,035 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,309 | €208,026 | +€150,717 | +263.0% |
| Trade receivables | 40 | €54,520 | €208,026 | +€153,506 | +281.6% |
| Other amounts receivable | 41 | €2,790 | - | -€2,790 | |
| Cash at bank and in hand | 54/58 | €18,436 | €20,803 | +€2,367 | +12.8% |
| Deferred charges and accrued income | 490/1 | €1,520 | €211 | -€1,308 | -86.1% |
| Total equity and liabilities | 10/49 | €268,753 | €465,503 | +€196,750 | +73.2% |
| Equity | 10/15 | €193,030 | €246,797 | +€53,767 | +27.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,860 | €240,597 | +€58,737 | +32.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €238,737 | +€58,737 | +32.6% |
| Profit (loss) carried forward | 14 | €4,970 | - | -€4,970 | |
| Amounts payable | 17/49 | €75,723 | €218,706 | +€142,983 | +188.8% |
| Amounts payable after more than one year | 17 | €27,744 | €18,353 | -€9,391 | -33.8% |
| Financial debts | 170/4 | €27,744 | €18,353 | -€9,391 | -33.8% |
| Amounts payable within one year | 42/48 | €47,980 | €200,354 | +€152,374 | +317.6% |
| Current portion of amounts payable after more than one year | 42 | €8,979 | €82,960 | +€73,981 | +824.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,452 | €80,138 | +€65,686 | +454.5% |
| Suppliers | 440/4 | €14,452 | €80,138 | +€65,686 | +454.5% |
| Taxes, remuneration and social security | 45 | €23,573 | €27,591 | +€4,018 | +17.0% |
| Taxes | 450/3 | €17,884 | €27,177 | +€9,293 | +52.0% |
| Remuneration and social security | 454/9 | €5,689 | €414 | -€5,275 | -92.7% |
| Other amounts payable | 47/48 | €976 | €9,665 | +€8,689 | +890.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €77 | €14,770 | +€14,693 | +19079.1% |
| Remuneration, social security and pensions | 62 | - | €414 | +€414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,515 | €18,519 | +€1,004 | +5.7% |
| Other operating charges | 640/8 | €1,509 | €1,144 | -€365 | -24.2% |
| Non-recurring operating charges | 66A | €350 | - | -€350 | |
| Gross operating margin | 9900 | €16,244 | €92,468 | +€76,224 | +469.3% |
| Operating profit (loss) | 9901 | -€3,130 | €72,392 | +€75,522 | |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €2,527 | €4,738 | +€2,211 | +87.5% |
| Recurring financial charges | 65 | €2,527 | €4,738 | +€2,211 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,657 | €67,655 | +€73,313 | |
| Income taxes | 67/77 | - | €13,888 | +€13,888 | |
| Profit (loss) for the period | 9904 | -€5,657 | €53,767 | +€59,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,657 | €53,767 | +€59,425 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.