COWA CONSULT: 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.
COWA CONSULT
Largest movements
- Cash -€2,784
down €2,784 (-45.8%), from €6,078 to €3,295
mainly Net result for the year (-€17,552) and Trade debts (-€7,731)
- Other debts +€24,420
up €24,420 (+87.8%), from €27,817 to €52,237
- Profit (loss) carried forward -€17,552
down €17,552, from €13,297 to -€4,255
- Trade debts -€7,731
down €7,731 (-60.1%), from €12,859 to €5,128
- Debts after one year -€2,739
down €2,739 (-18.5%), from €14,838 to €12,099
- Gross operating margin +€3,412
up €3,412 (+19.8%), from -€17,225 to -€13,813
- Financial charges -€1,893
down €1,893 (-43.4%), from €4,358 to €2,465
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 | €100,898 | €97,713 | -€3,185 | -3.2% |
| Fixed assets | 21/28 | €94,820 | €94,419 | -€401 | -0.4% |
| Tangible fixed assets | 22/27 | €2,347 | €1,946 | -€401 | -17.1% |
| Plant, machinery and equipment | 23 | €2,347 | €1,946 | -€401 | -17.1% |
| Financial fixed assets | 28 | €92,472 | €92,472 | = | 0.0% |
| Current assets | 29/58 | €6,078 | €3,295 | -€2,784 | -45.8% |
| Cash at bank and in hand | 54/58 | €6,078 | €3,295 | -€2,784 | -45.8% |
| Total equity and liabilities | 10/49 | €100,898 | €97,713 | -€3,185 | -3.2% |
| Equity | 10/15 | €35,297 | €17,745 | -€17,552 | -49.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,297 | -€4,255 | -€17,552 | |
| Amounts payable | 17/49 | €65,602 | €79,968 | +€14,367 | +21.9% |
| Amounts payable after more than one year | 17 | €14,838 | €12,099 | -€2,739 | -18.5% |
| Financial debts | 170/4 | €14,838 | €12,099 | -€2,739 | -18.5% |
| Amounts payable within one year | 42/48 | €50,764 | €67,869 | +€17,106 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €2,633 | €2,739 | +€106 | +4.0% |
| Trade debts | 44 | €12,859 | €5,128 | -€7,731 | -60.1% |
| Suppliers | 440/4 | €12,859 | €5,128 | -€7,731 | -60.1% |
| Taxes, remuneration and social security | 45 | €7,454 | €7,765 | +€311 | +4.2% |
| Taxes | 450/3 | €7,454 | €7,765 | +€311 | +4.2% |
| Other amounts payable | 47/48 | €27,817 | €52,237 | +€24,420 | +87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401 | €401 | = | 0.0% |
| Other operating charges | 640/8 | €629 | €723 | +€94 | +14.9% |
| Gross operating margin | 9900 | -€17,225 | -€13,813 | +€3,412 | +19.8% |
| Operating profit (loss) | 9901 | -€18,255 | -€14,937 | +€3,318 | +18.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,358 | €2,465 | -€1,893 | -43.4% |
| Recurring financial charges | 65 | €4,358 | €2,465 | -€1,893 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,613 | -€17,402 | +€5,211 | +23.0% |
| Income taxes | 67/77 | €163 | €149 | -€13 | -8.3% |
| Profit (loss) for the period | 9904 | -€22,776 | -€17,552 | +€5,224 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,776 | -€17,552 | +€5,224 | +22.9% |
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 22 October 2026 via checked.be.