COUSY: 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.
COUSY
Largest movements
- Receivables within one year -€178,660
down €178,660 (-26.8%), from €665,444 to €486,784
of which Trade receivables: -€156,027
- Stocks and contracts +€137,633
up €137,633 (+22.6%), from €608,724 to €746,357
- Trade debts -€94,164
down €94,164 (-31.0%), from €303,818 to €209,654
- Short-term financial debts +€34,800
up €34,800 (+17.3%), from €201,123 to €235,923
- Tax, wage and social debts +€27,871
up €27,871 (+12.9%), from €215,765 to €243,636
of which Remuneration and social security: +€32,587
- Debts after one year -€23,229
down €23,229 (-36.2%), from €64,109 to €40,880
- Reserves +€14,939
up €14,939 (+2.9%), from €516,207 to €531,146
of which Distributable reserves: +€14,939
- Gross operating margin +€62,956
up €62,956 (+4.4%), from €1.4m to €1.5m
- Staff costs +€54,366
up €54,366 (+4.2%), from €1.3m to €1.3m
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 | €1,459,842 | €1,410,580 | -€49,262 | -3.4% |
| Fixed assets | 21/28 | €173,408 | €166,281 | -€7,127 | -4.1% |
| Tangible fixed assets | 22/27 | €152,137 | €145,009 | -€7,128 | -4.7% |
| Plant, machinery and equipment | 23 | €61,001 | €80,069 | +€19,068 | +31.3% |
| Furniture and vehicles | 24 | €5,825 | €1,448 | -€4,377 | -75.1% |
| Other tangible fixed assets | 26 | €85,311 | €63,492 | -€21,819 | -25.6% |
| Financial fixed assets | 28 | €21,271 | €21,272 | +€1 | 0.0% |
| Current assets | 29/58 | €1,286,434 | €1,244,299 | -€42,135 | -3.3% |
| Stocks and contracts in progress | 3 | €608,724 | €746,357 | +€137,633 | +22.6% |
| Stocks | 30/36 | €608,724 | €746,357 | +€137,633 | +22.6% |
| Amounts receivable within one year | 40/41 | €665,444 | €486,784 | -€178,660 | -26.8% |
| Trade receivables | 40 | €623,024 | €466,997 | -€156,027 | -25.0% |
| Other amounts receivable | 41 | €42,420 | €19,787 | -€22,633 | -53.4% |
| Cash at bank and in hand | 54/58 | €11,762 | €7,224 | -€4,538 | -38.6% |
| Deferred charges and accrued income | 490/1 | €504 | €3,934 | +€3,430 | +680.6% |
| Total equity and liabilities | 10/49 | €1,459,842 | €1,410,580 | -€49,262 | -3.4% |
| Equity | 10/15 | €603,707 | €618,646 | +€14,939 | +2.5% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €516,207 | €531,146 | +€14,939 | +2.9% |
| Tax-exempt reserves | 132 | €15,568 | €15,568 | = | 0.0% |
| Distributable reserves | 133 | €500,639 | €515,578 | +€14,939 | +3.0% |
| Amounts payable | 17/49 | €856,135 | €791,934 | -€64,201 | -7.5% |
| Amounts payable after more than one year | 17 | €64,109 | €40,880 | -€23,229 | -36.2% |
| Financial debts | 170/4 | €64,109 | €40,880 | -€23,229 | -36.2% |
| Amounts payable within one year | 42/48 | €792,026 | €751,054 | -€40,972 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €69,232 | €61,703 | -€7,529 | -10.9% |
| Financial debts | 43 | €201,123 | €235,923 | +€34,800 | +17.3% |
| Credit institutions | 430/8 | €201,123 | €235,923 | +€34,800 | +17.3% |
| Trade debts | 44 | €303,818 | €209,654 | -€94,164 | -31.0% |
| Suppliers | 440/4 | €303,818 | €209,654 | -€94,164 | -31.0% |
| Taxes, remuneration and social security | 45 | €215,765 | €243,636 | +€27,871 | +12.9% |
| Taxes | 450/3 | €42,019 | €37,303 | -€4,716 | -11.2% |
| Remuneration and social security | 454/9 | €173,746 | €206,333 | +€32,587 | +18.8% |
| Other amounts payable | 47/48 | €2,088 | €138 | -€1,950 | -93.4% |
| Remuneration, social security and pensions | 62 | €1,295,089 | €1,349,455 | +€54,366 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,627 | €61,290 | +€1,663 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,159 | +€6,159 | |
| Other operating charges | 640/8 | €2,214 | €3,239 | +€1,025 | +46.3% |
| Non-recurring operating charges | 66A | €4,068 | €185 | -€3,883 | -95.5% |
| Gross operating margin | 9900 | €1,433,555 | €1,496,511 | +€62,956 | +4.4% |
| Operating profit (loss) | 9901 | €72,557 | €76,183 | +€3,626 | +5.0% |
| Financial income | 75/76B | €520 | €4,877 | +€4,357 | +837.9% |
| Recurring financial income | 75 | €520 | €4,877 | +€4,357 | +837.9% |
| Financial charges | 65/66B | €66,274 | €56,562 | -€9,712 | -14.7% |
| Recurring financial charges | 65 | €66,274 | €56,562 | -€9,712 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €6,803 | €24,498 | +€17,695 | +260.1% |
| Income taxes | 67/77 | €5,401 | €9,559 | +€4,158 | +77.0% |
| Profit (loss) for the period | 9904 | €1,402 | €14,939 | +€13,537 | +965.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,402 | €14,939 | +€13,537 | +965.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.