COWALIMMO: 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.
COWALIMMO
Largest movements
- Tangible fixed assets -€210,954
down €210,954 (-5.3%), from €4.0m to €3.8m
of which Land and buildings: -€175,697
- Cash -€51,264
down €51,264 (-17.9%), from €286,155 to €234,890
mainly Debts after one year (-€611,784) and Investment in fixed assets (net) (-€36,296)
- Debts after one year -€611,784
down €611,784 (-25.8%), from €2.4m to €1.8m
- Reserves +€380,000
up €380,000 (+18.9%), from €2.0m to €2.4m
of which Distributable reserves: +€380,000
- Gross operating margin +€37,968
up €37,968 (+5.1%), from €746,895 to €784,863
- Other operating charges +€20,120
up €20,120 (+2,195%), from €917 to €21,037
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 | €5,071,214 | €4,842,087 | -€229,127 | -4.5% |
| Fixed assets | 21/28 | €4,772,580 | €4,561,626 | -€210,954 | -4.4% |
| Tangible fixed assets | 22/27 | €3,972,580 | €3,761,626 | -€210,954 | -5.3% |
| Land and buildings | 22 | €3,690,498 | €3,514,801 | -€175,697 | -4.8% |
| Plant, machinery and equipment | 23 | €282,082 | €246,825 | -€35,257 | -12.5% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €298,634 | €280,461 | -€18,173 | -6.1% |
| Amounts receivable within one year | 40/41 | €9,691 | €43,415 | +€33,724 | +348% |
| Trade receivables | 40 | - | €43,415 | +€43,415 | |
| Other amounts receivable | 41 | €9,691 | - | -€9,691 | |
| Cash at bank and in hand | 54/58 | €286,155 | €234,890 | -€51,264 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,788 | €2,156 | -€632 | -22.7% |
| Total equity and liabilities | 10/49 | €5,071,214 | €4,842,087 | -€229,127 | -4.5% |
| Equity | 10/15 | €2,085,384 | €2,448,589 | +€363,205 | +17.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,006,200 | €2,386,200 | +€380,000 | +18.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,380,000 | +€380,000 | +19.0% |
| Profit (loss) carried forward | 14 | €17,184 | €389 | -€16,795 | -97.7% |
| Amounts payable | 17/49 | €2,985,830 | €2,393,498 | -€592,332 | -19.8% |
| Amounts payable after more than one year | 17 | €2,373,381 | €1,761,597 | -€611,784 | -25.8% |
| Financial debts | 170/4 | €2,373,381 | €1,761,597 | -€611,784 | -25.8% |
| Amounts payable within one year | 42/48 | €610,949 | €630,348 | +€19,399 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €604,842 | €611,784 | +€6,941 | +1.1% |
| Taxes, remuneration and social security | 45 | €6,106 | €18,564 | +€12,458 | +204% |
| Taxes | 450/3 | €6,106 | €18,564 | +€12,458 | +204% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,553 | +€53 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,267 | €247,250 | -€3,016 | -1.2% |
| Other operating charges | 640/8 | €917 | €21,037 | +€20,120 | +2,195% |
| Gross operating margin | 9900 | €746,895 | €784,863 | +€37,968 | +5.1% |
| Operating profit (loss) | 9901 | €495,711 | €516,576 | +€20,865 | +4.2% |
| Financial income | 75/76B | €3,228 | €7 | -€3,221 | -99.8% |
| Recurring financial income | 75 | €3,228 | €7 | -€3,221 | -99.8% |
| Financial charges | 65/66B | €38,534 | €31,548 | -€6,986 | -18.1% |
| Recurring financial charges | 65 | €38,534 | €31,548 | -€6,986 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €460,405 | €485,036 | +€24,630 | +5.3% |
| Income taxes | 67/77 | €114,250 | €121,831 | +€7,581 | +6.6% |
| Profit (loss) for the period | 9904 | €346,155 | €363,205 | +€17,049 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €346,155 | €363,205 | +€17,049 | +4.9% |
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 14 October 2026 via checked.be.