COSYTEL: 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.
COSYTEL
Largest movements
- Current investments +€70,000
up €70,000 (+14.0%), from €500,000 to €570,000
- Tangible fixed assets -€44,572
down €44,572 (-4.9%), from €906,413 to €861,841
- Reserves +€30,475
up €30,475 (+2.5%), from €1.2m to €1.2m
of which Distributable reserves: +€33,893
- Other operating charges +€6,451
up €6,451 (+35.5%), from €18,168 to €24,619
- Gross operating margin +€5,281
up €5,281 (+5.7%), from €92,037 to €97,318
- Financial income -€3,739
down €3,739 (-25.8%), from €14,469 to €10,730
- Taxes -€2,266
down €2,266 (-18.6%), from €12,207 to €9,941
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 | €1,451,520 | €1,480,112 | +€28,592 | +2.0% |
| Fixed assets | 21/28 | €906,413 | €861,841 | -€44,572 | -4.9% |
| Tangible fixed assets | 22/27 | €906,413 | €861,841 | -€44,572 | -4.9% |
| Land and buildings | 22 | €906,413 | €861,841 | -€44,572 | -4.9% |
| Current assets | 29/58 | €545,107 | €618,271 | +€73,164 | +13.4% |
| Amounts receivable within one year | 40/41 | €12,575 | €19,697 | +€7,121 | +56.6% |
| Trade receivables | 40 | €313 | €215 | -€97 | -31.2% |
| Other amounts receivable | 41 | €12,263 | €19,482 | +€7,219 | +58.9% |
| Current investments | 50/53 | €500,000 | €570,000 | +€70,000 | +14.0% |
| Cash at bank and in hand | 54/58 | €27,132 | €28,574 | +€1,442 | +5.3% |
| Deferred charges and accrued income | 490/1 | €5,400 | €0 | -€5,400 | -100% |
| Total equity and liabilities | 10/49 | €1,451,520 | €1,480,112 | +€28,592 | +2.0% |
| Equity | 10/15 | €1,420,781 | €1,451,256 | +€30,475 | +2.1% |
| Contributions | 10/11 | €220,625 | €220,625 | = | 0.0% |
| Capital | 10 | €220,625 | €220,625 | = | 0.0% |
| Issued capital | 100 | €220,625 | €220,625 | = | 0.0% |
| Reserves | 13 | €1,200,156 | €1,230,630 | +€30,475 | +2.5% |
| Non-distributable reserves | 130/1 | €22,063 | €22,063 | = | 0.0% |
| Legal reserve | 130 | €22,063 | €22,063 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,918 | €50,500 | -€3,418 | -6.3% |
| Distributable reserves | 133 | €1,124,175 | €1,158,068 | +€33,893 | +3.0% |
| Provisions and deferred taxes | 16 | €27,764 | €26,004 | -€1,760 | -6.3% |
| Deferred taxes | 168 | €27,764 | €26,004 | -€1,760 | -6.3% |
| Amounts payable | 17/49 | €2,975 | €2,853 | -€122 | -4.1% |
| Amounts payable within one year | 42/48 | €2,975 | €2,853 | -€122 | -4.1% |
| Trade debts | 44 | €425 | €303 | -€122 | -28.8% |
| Suppliers | 440/4 | €425 | €303 | -€122 | -28.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,550 | €2,550 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,572 | €44,572 | = | 0.0% |
| Other operating charges | 640/8 | €18,168 | €24,619 | +€6,451 | +35.5% |
| Gross operating margin | 9900 | €92,037 | €97,318 | +€5,281 | +5.7% |
| Operating profit (loss) | 9901 | €29,298 | €28,127 | -€1,170 | -4.0% |
| Financial income | 75/76B | €14,469 | €10,730 | -€3,739 | -25.8% |
| Recurring financial income | 75 | €14,469 | €10,730 | -€3,739 | -25.8% |
| Financial charges | 65/66B | €117 | €202 | +€85 | +72.7% |
| Recurring financial charges | 65 | €117 | €202 | +€85 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €43,650 | €38,655 | -€4,994 | -11.4% |
| Transfer from deferred taxes | 780 | €1,760 | €1,760 | = | 0.0% |
| Income taxes | 67/77 | €12,207 | €9,941 | -€2,266 | -18.6% |
| Profit (loss) for the period | 9904 | €33,203 | €30,475 | -€2,728 | -8.2% |
| Transfer from tax-exempt reserves | 789 | €3,418 | €3,418 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,621 | €33,893 | -€2,728 | -7.4% |
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 19 October 2026 via checked.be.