COSYS: 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.
COSYS
Largest movements
- Tangible fixed assets +€42,253
up €42,253 (+12.2%), from €347,758 to €390,012
of which Leasing and similar rights: +€49,758
- Receivables within one year +€18,570
up €18,570 (+62.9%), from €29,504 to €48,074
of which Other amounts receivable: +€12,716
- Cash -€7,538
down €7,538 (-32.4%), from €23,292 to €15,754
mainly Investment in fixed assets (net) (-€58,539) and Contributions, distributions and other (-€36,500)
- Reserves +€40,500
up €40,500 (+24.9%), from €162,670 to €203,170
- Current portion of long-term debt +€11,978
up €11,978 (+28.8%), from €41,528 to €53,506
- Trade debts +€6,969
up €6,969 (+134.1%), from €5,197 to €12,165
- Debts after one year -€5,276
down €5,276 (-3.3%), from €160,228 to €154,952
- Gross operating margin +€58,943
up €58,943 (+84.6%), from €69,682 to €128,625
- Taxes +€16,391
up €16,391 (+112.4%), from €14,585 to €30,976
- Other operating charges -€1,917
down €1,917 (-55.8%), from €3,433 to €1,516
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 | €407,064 | €462,929 | +€55,865 | +13.7% |
| Fixed assets | 21/28 | €348,054 | €390,808 | +€42,753 | +12.3% |
| Tangible fixed assets | 22/27 | €347,758 | €390,012 | +€42,253 | +12.2% |
| Land and buildings | 22 | €325,980 | €318,437 | -€7,543 | -2.3% |
| Plant, machinery and equipment | 23 | - | €2,607 | +€2,607 | |
| Furniture and vehicles | 24 | €21,778 | €19,208 | -€2,570 | -11.8% |
| Leasing and similar rights | 25 | - | €49,758 | +€49,758 | |
| Financial fixed assets | 28 | €296 | €796 | +€500 | +168.9% |
| Current assets | 29/58 | €59,010 | €72,121 | +€13,111 | +22.2% |
| Stocks and contracts in progress | 3 | €5,046 | €7,125 | +€2,080 | +41.2% |
| Stocks | 30/36 | €5,046 | €7,125 | +€2,080 | +41.2% |
| Amounts receivable within one year | 40/41 | €29,504 | €48,074 | +€18,570 | +62.9% |
| Trade receivables | 40 | €9,267 | €15,122 | +€5,854 | +63.2% |
| Other amounts receivable | 41 | €20,237 | €32,953 | +€12,716 | +62.8% |
| Cash at bank and in hand | 54/58 | €23,292 | €15,754 | -€7,538 | -32.4% |
| Deferred charges and accrued income | 490/1 | €1,168 | €1,168 | = | 0.0% |
| Total equity and liabilities | 10/49 | €407,064 | €462,929 | +€55,865 | +13.7% |
| Equity | 10/15 | €171,013 | €211,888 | +€40,875 | +23.9% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €162,670 | €203,170 | +€40,500 | +24.9% |
| Distributable reserves | 133 | €162,670 | €203,170 | +€40,500 | +24.9% |
| Profit (loss) carried forward | 14 | €2,133 | €2,508 | +€375 | +17.6% |
| Amounts payable | 17/49 | €236,051 | €251,041 | +€14,990 | +6.4% |
| Amounts payable after more than one year | 17 | €160,228 | €154,952 | -€5,276 | -3.3% |
| Financial debts | 170/4 | €160,228 | €154,952 | -€5,276 | -3.3% |
| Amounts payable within one year | 42/48 | €75,823 | €96,089 | +€20,266 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €41,528 | €53,506 | +€11,978 | +28.8% |
| Trade debts | 44 | €5,197 | €12,165 | +€6,969 | +134.1% |
| Suppliers | 440/4 | €5,197 | €12,165 | +€6,969 | +134.1% |
| Taxes, remuneration and social security | 45 | €29,099 | €30,418 | +€1,319 | +4.5% |
| Taxes | 450/3 | €29,099 | €30,418 | +€1,319 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,521 | €15,786 | +€265 | +1.7% |
| Other operating charges | 640/8 | €3,433 | €1,516 | -€1,917 | -55.8% |
| Gross operating margin | 9900 | €69,682 | €128,625 | +€58,943 | +84.6% |
| Operating profit (loss) | 9901 | €50,728 | €111,324 | +€60,596 | +119.5% |
| Financial income | 75/76B | €1,168 | €36 | -€1,132 | -96.9% |
| Recurring financial income | 75 | €1,168 | €36 | -€1,132 | -96.9% |
| Financial charges | 65/66B | €3,073 | €3,009 | -€64 | -2.1% |
| Recurring financial charges | 65 | €3,073 | €3,009 | -€64 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €48,823 | €108,351 | +€59,528 | +121.9% |
| Income taxes | 67/77 | €14,585 | €30,976 | +€16,391 | +112.4% |
| Profit (loss) for the period | 9904 | €34,238 | €77,375 | +€43,137 | +126.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,238 | €77,375 | +€43,137 | +126.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.