Cowboy Debouchage: what changed
Cowboy Debouchage
Largest movements
- Receivables within one year -€28,042
down €28,042 (-58.6%), from €47,871 to €19,829
of which Trade receivables: -€32,304
- Tangible fixed assets +€1,057
new in 2025: €1,057
- Cash +€518
up €518 (+47.8%), from €1,084 to €1,602
mainly Receivables within one year (+€28,042) and Trade debts (+€7,024)
- Profit (loss) carried forward -€32,573
down €32,573, from €12,884 to -€19,689
- Trade debts +€7,024
up €7,024 (+365%), from €1,922 to €8,946
- Other debts -€2,198
down €2,198 (-81.1%), from €2,712 to €514
- Tax, wage and social debts +€1,360
up €1,360 (+6.2%), from €21,887 to €23,247
of which Taxes: +€860
- Write-downs +€39,411
new in 2025: €39,411
- Gross operating margin +€16,423
up €16,423, from -€7,497 to €8,926
- Financial charges +€3,042
up €3,042 (+1,370%), from €222 to €3,264
- Financial income +€1,354
new in 2025: €1,354
- Other operating charges -€164
down €164 (-53.5%), from €307 to €143
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,955 | €22,567 | -€26,388 | -53.9% |
| Fixed assets | 21/28 | - | €1,057 | +€1,057 | |
| Tangible fixed assets | 22/27 | - | €1,057 | +€1,057 | |
| Furniture and vehicles | 24 | - | €1,057 | +€1,057 | |
| Current assets | 29/58 | €48,955 | €21,510 | -€27,445 | -56.1% |
| Amounts receivable within one year | 40/41 | €47,871 | €19,829 | -€28,042 | -58.6% |
| Trade receivables | 40 | €47,871 | €15,567 | -€32,304 | -67.5% |
| Other amounts receivable | 41 | - | €4,262 | +€4,262 | |
| Cash at bank and in hand | 54/58 | €1,084 | €1,602 | +€518 | +47.8% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €48,955 | €22,567 | -€26,388 | -53.9% |
| Equity | 10/15 | €22,434 | -€10,139 | -€32,573 | |
| Contributions | 10/11 | €9,550 | €9,550 | = | 0.0% |
| Contributions outside capital | 11 | €9,550 | - | -€9,550 | |
| Other | 1109/19 | €9,550 | - | -€9,550 | |
| Profit (loss) carried forward | 14 | €12,884 | -€19,689 | -€32,573 | |
| Amounts payable | 17/49 | €26,521 | €32,706 | +€6,185 | +23.3% |
| Amounts payable within one year | 42/48 | €26,521 | €32,706 | +€6,185 | +23.3% |
| Trade debts | 44 | €1,922 | €8,946 | +€7,024 | +365% |
| Suppliers | 440/4 | €1,922 | €8,946 | +€7,024 | +365% |
| Taxes, remuneration and social security | 45 | €21,887 | €23,247 | +€1,360 | +6.2% |
| Taxes | 450/3 | €275 | €1,135 | +€860 | +313% |
| Remuneration and social security | 454/9 | €21,612 | €22,112 | +€500 | +2.3% |
| Other amounts payable | 47/48 | €2,712 | €514 | -€2,198 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €36 | +€36 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €39,411 | +€39,411 | |
| Other operating charges | 640/8 | €307 | €143 | -€164 | -53.5% |
| Gross operating margin | 9900 | -€7,497 | €8,926 | +€16,423 | |
| Operating profit (loss) | 9901 | -€7,804 | -€30,663 | -€22,859 | -293% |
| Financial income | 75/76B | - | €1,354 | +€1,354 | |
| Recurring financial income | 75 | - | €1,354 | +€1,354 | |
| Financial charges | 65/66B | €222 | €3,264 | +€3,042 | +1,370% |
| Recurring financial charges | 65 | €222 | €3,264 | +€3,042 | +1,370% |
| Profit (loss) for the period before taxes | 9903 | -€8,026 | -€32,573 | -€24,547 | -306% |
| Profit (loss) for the period | 9904 | -€8,026 | -€32,573 | -€24,547 | -306% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,026 | -€32,573 | -€24,547 | -306% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.