COSYMES: 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.
COSYMES
Largest movements
- Tangible fixed assets -€48,555
down €48,555 (-4.4%), from €1.1m to €1.1m
of which Land and buildings: -€41,494
- Cash +€41,866
up €41,866 (+61.4%), from €68,232 to €110,098
mainly Net result for the year (+€115,613) and Depreciation (+€60,086)
- Reserves +€115,613
up €115,613 (+16.4%), from €705,128 to €820,741
of which Tax-exempt reserves: +€63,150
- Debts after one year -€46,277
down €46,277 (-10.1%), from €460,040 to €413,763
of which Financial debts: -€46,277
- Other debts -€39,663
down €39,663 (-51.2%), from €77,521 to €37,858
- Current portion of long-term debt -€19,559
down €19,559 (-25.2%), from €77,760 to €58,201
- Taxes -€32,447
down €32,447 (-54.2%), from €59,861 to €27,414
- Gross operating margin -€31,227
down €31,227 (-11.2%), from €278,549 to €247,322
- Other operating charges +€5,521
up €5,521 (+37.5%), from €14,719 to €20,240
- Financial charges +€2,955
up €2,955 (+13.1%), from €22,550 to €25,505
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 | €1,403,345 | €1,414,749 | +€11,404 | +0.8% |
| Fixed assets | 21/28 | €1,131,672 | €1,083,117 | -€48,555 | -4.3% |
| Tangible fixed assets | 22/27 | €1,115,172 | €1,066,617 | -€48,555 | -4.4% |
| Land and buildings | 22 | €1,021,859 | €980,365 | -€41,494 | -4.1% |
| Plant, machinery and equipment | 23 | €25,404 | €25,271 | -€133 | -0.5% |
| Furniture and vehicles | 24 | €20,549 | €19,329 | -€1,220 | -5.9% |
| Other tangible fixed assets | 26 | €47,360 | €41,652 | -€5,708 | -12.1% |
| Financial fixed assets | 28 | €16,500 | €16,500 | = | 0.0% |
| Current assets | 29/58 | €271,673 | €331,632 | +€59,959 | +22.1% |
| Amounts receivable within one year | 40/41 | €23,548 | €35,383 | +€11,835 | +50.3% |
| Trade receivables | 40 | €1,165 | - | -€1,165 | |
| Other amounts receivable | 41 | €22,383 | €35,383 | +€13,000 | +58.1% |
| Current investments | 50/53 | €175,663 | €175,664 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €68,232 | €110,098 | +€41,866 | +61.4% |
| Deferred charges and accrued income | 490/1 | €4,230 | €10,487 | +€6,257 | +147.9% |
| Total equity and liabilities | 10/49 | €1,403,345 | €1,414,749 | +€11,404 | +0.8% |
| Equity | 10/15 | €711,328 | €826,941 | +€115,613 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €705,128 | €820,741 | +€115,613 | +16.4% |
| Non-distributable reserves | 130/1 | €3,785 | €15,182 | +€11,397 | +301.1% |
| Reserves not available under the articles | 1311 | €3,785 | €15,182 | +€11,397 | +301.1% |
| Tax-exempt reserves | 132 | €164,190 | €227,340 | +€63,150 | +38.5% |
| Distributable reserves | 133 | €537,153 | €578,219 | +€41,066 | +7.6% |
| Amounts payable | 17/49 | €692,017 | €587,808 | -€104,209 | -15.1% |
| Amounts payable after more than one year | 17 | €460,040 | €413,763 | -€46,277 | -10.1% |
| Financial debts | 170/4 | €459,215 | €412,938 | -€46,277 | -10.1% |
| Other amounts payable | 178/9 | €825 | €825 | = | 0.0% |
| Amounts payable within one year | 42/48 | €224,718 | €174,045 | -€50,673 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €77,760 | €58,201 | -€19,559 | -25.2% |
| Trade debts | 44 | - | €4,852 | +€4,852 | |
| Suppliers | 440/4 | - | €4,852 | +€4,852 | |
| Taxes, remuneration and social security | 45 | €69,437 | €73,134 | +€3,697 | +5.3% |
| Taxes | 450/3 | €63,370 | €73,134 | +€9,764 | +15.4% |
| Remuneration and social security | 454/9 | €6,067 | - | -€6,067 | |
| Other amounts payable | 47/48 | €77,521 | €37,858 | -€39,663 | -51.2% |
| Accrued charges and deferred income | 492/3 | €7,259 | - | -€7,259 | |
| Non-recurring operating income | 76A | €10,904 | - | -€10,904 | |
| Remuneration, social security and pensions | 62 | €87 | - | -€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,181 | €60,086 | -€2,095 | -3.4% |
| Other operating charges | 640/8 | €14,719 | €20,240 | +€5,521 | +37.5% |
| Gross operating margin | 9900 | €278,549 | €247,322 | -€31,227 | -11.2% |
| Operating profit (loss) | 9901 | €201,562 | €166,996 | -€34,566 | -17.1% |
| Financial income | 75/76B | €1,144 | €1,536 | +€392 | +34.3% |
| Recurring financial income | 75 | €1,144 | €1,536 | +€392 | +34.3% |
| Financial charges | 65/66B | €22,550 | €25,505 | +€2,955 | +13.1% |
| Recurring financial charges | 65 | €22,550 | €25,505 | +€2,955 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €180,156 | €143,027 | -€37,129 | -20.6% |
| Income taxes | 67/77 | €59,861 | €27,414 | -€32,447 | -54.2% |
| Profit (loss) for the period | 9904 | €120,295 | €115,613 | -€4,682 | -3.9% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,295 | €52,463 | -€67,832 | -56.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.