COUSA: 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.
COUSA
Largest movements
- Receivables within one year +€34,748
up €34,748 (+43.0%), from €80,903 to €115,652
of which Trade receivables: +€43,843
- Tangible fixed assets +€20,779
up €20,779 (+19.6%), from €106,064 to €126,843
of which Plant, machinery and equipment: +€39,833
- Cash -€9,244
down €9,244 (-11.2%), from €82,898 to €73,654
mainly Investment in fixed assets (net) (-€45,600) and Other debts (-€38,574)
- Reserves +€74,396
up €74,396 (+154%), from €48,355 to €122,750
of which Distributable reserves: +€76,256
- Other debts -€38,574
down €38,574 (-46.6%), from €82,700 to €44,126
- Tax, wage and social debts +€17,237
up €17,237 (+38,527%), from €45 to €17,282
- Debts after one year -€10,000
down €10,000 (-25.5%), from €39,167 to €29,167
- Trade debts +€3,282
up €3,282 (+930%), from €353 to €3,635
- Gross operating margin +€51,358
up €51,358 (+54.0%), from €95,093 to €146,451
- Taxes +€18,855
up €18,855 (+101%), from €18,602 to €37,457
- Depreciation +€16,756
up €16,756 (+208%), from €8,065 to €24,821
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 | €271,619 | €317,960 | +€46,341 | +17.1% |
| Fixed assets | 21/28 | €106,064 | €126,843 | +€20,779 | +19.6% |
| Tangible fixed assets | 22/27 | €106,064 | €126,843 | +€20,779 | +19.6% |
| Land and buildings | 22 | €12,987 | €11,633 | -€1,353 | -10.4% |
| Plant, machinery and equipment | 23 | €8,560 | €48,393 | +€39,833 | +465% |
| Furniture and vehicles | 24 | €84,517 | €66,817 | -€17,700 | -20.9% |
| Current assets | 29/58 | €165,555 | €191,116 | +€25,562 | +15.4% |
| Amounts receivable within one year | 40/41 | €80,903 | €115,652 | +€34,748 | +43.0% |
| Trade receivables | 40 | €67,465 | €111,308 | +€43,843 | +65.0% |
| Other amounts receivable | 41 | €13,438 | €4,343 | -€9,094 | -67.7% |
| Cash at bank and in hand | 54/58 | €82,898 | €73,654 | -€9,244 | -11.2% |
| Deferred charges and accrued income | 490/1 | €1,754 | €1,811 | +€57 | +3.3% |
| Total equity and liabilities | 10/49 | €271,619 | €317,960 | +€46,341 | +17.1% |
| Equity | 10/15 | €139,355 | €213,750 | +€74,396 | +53.4% |
| Contributions | 10/11 | €91,000 | €91,000 | = | 0.0% |
| Reserves | 13 | €48,355 | €122,750 | +€74,396 | +154% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €46,495 | €122,750 | +€76,256 | +164% |
| Amounts payable | 17/49 | €132,264 | €104,209 | -€28,055 | -21.2% |
| Amounts payable after more than one year | 17 | €39,167 | €29,167 | -€10,000 | -25.5% |
| Financial debts | 170/4 | €39,167 | €29,167 | -€10,000 | -25.5% |
| Amounts payable within one year | 42/48 | €93,097 | €75,043 | -€18,055 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €353 | €3,635 | +€3,282 | +930% |
| Suppliers | 440/4 | €353 | €3,635 | +€3,282 | +930% |
| Taxes, remuneration and social security | 45 | €45 | €17,282 | +€17,237 | +38,527% |
| Taxes | 450/3 | €45 | €17,282 | +€17,237 | +38,527% |
| Other amounts payable | 47/48 | €82,700 | €44,126 | -€38,574 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,065 | €24,821 | +€16,756 | +208% |
| Other operating charges | 640/8 | €1,259 | €1,938 | +€679 | +54.0% |
| Gross operating margin | 9900 | €95,093 | €146,451 | +€51,358 | +54.0% |
| Operating profit (loss) | 9901 | €85,770 | €119,693 | +€33,923 | +39.6% |
| Financial income | 75/76B | €67 | €714 | +€647 | +968% |
| Recurring financial income | 75 | €67 | €714 | +€647 | +968% |
| Financial charges | 65/66B | €339 | €1,706 | +€1,367 | +403% |
| Recurring financial charges | 65 | €339 | €1,706 | +€1,367 | +403% |
| Profit (loss) for the period before taxes | 9903 | €85,498 | €118,701 | +€33,203 | +38.8% |
| Income taxes | 67/77 | €18,602 | €37,457 | +€18,855 | +101% |
| Profit (loss) for the period | 9904 | €66,896 | €81,244 | +€14,348 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,896 | €81,244 | +€14,348 | +21.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.