CoWelCo: 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.
CoWelCo
Largest movements
- Receivables within one year +€18,043
up €18,043 (+58.9%), from €30,656 to €48,700
of which Other amounts receivable: +€11,445
- Cash -€3,489
down €3,489 (-71.8%), from €4,863 to €1,373
mainly Receivables within one year (-€18,043) and Debts after one year (-€11,032)
- Profit (loss) carried forward +€25,202
up €25,202 (+18.3%), from -€137,685 to -€112,483
- Debts after one year -€11,032
down €11,032 (-10.0%), from €110,620 to €99,588
- Trade debts +€2,242
up €2,242 (+143%), from €1,571 to €3,813
- Tax, wage and social debts -€2,022
no longer reported in 2024 (was €2,022)
- Gross operating margin -€15,154
down €15,154 (-31.0%), from €48,930 to €33,776
- Staff costs +€691
up €691 (+322%), from €214 to €906
- Financial charges -€618
down €618 (-7.8%), from €7,964 to €7,346
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,896 | €63,450 | +€14,554 | +29.8% |
| Fixed assets | 21/28 | €4,150 | €4,150 | = | 0.0% |
| Financial fixed assets | 28 | €4,150 | €4,150 | = | 0.0% |
| Current assets | 29/58 | €44,746 | €59,300 | +€14,554 | +32.5% |
| Amounts receivable within one year | 40/41 | €30,656 | €48,700 | +€18,043 | +58.9% |
| Trade receivables | 40 | €5,787 | €12,385 | +€6,599 | +114% |
| Other amounts receivable | 41 | €24,870 | €36,314 | +€11,445 | +46.0% |
| Cash at bank and in hand | 54/58 | €4,863 | €1,373 | -€3,489 | -71.8% |
| Deferred charges and accrued income | 490/1 | €9,227 | €9,227 | = | 0.0% |
| Total equity and liabilities | 10/49 | €48,896 | €63,450 | +€14,554 | +29.8% |
| Equity | 10/15 | -€76,185 | -€50,983 | +€25,202 | +33.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,685 | -€112,483 | +€25,202 | +18.3% |
| Amounts payable | 17/49 | €125,081 | €114,433 | -€10,648 | -8.5% |
| Amounts payable after more than one year | 17 | €110,620 | €99,588 | -€11,032 | -10.0% |
| Financial debts | 170/4 | €110,620 | €99,588 | -€11,032 | -10.0% |
| Amounts payable within one year | 42/48 | €14,461 | €14,845 | +€384 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €10,868 | €11,032 | +€164 | +1.5% |
| Trade debts | 44 | €1,571 | €3,813 | +€2,242 | +143% |
| Suppliers | 440/4 | €1,571 | €3,813 | +€2,242 | +143% |
| Taxes, remuneration and social security | 45 | €2,022 | - | -€2,022 | |
| Taxes | 450/3 | €2,022 | - | -€2,022 | |
| Remuneration, social security and pensions | 62 | €214 | €906 | +€691 | +322% |
| Other operating charges | 640/8 | - | €322 | +€322 | |
| Gross operating margin | 9900 | €48,930 | €33,776 | -€15,154 | -31.0% |
| Operating profit (loss) | 9901 | €48,716 | €32,548 | -€16,167 | -33.2% |
| Financial charges | 65/66B | €7,964 | €7,346 | -€618 | -7.8% |
| Recurring financial charges | 65 | €7,964 | €7,346 | -€618 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €40,751 | €25,202 | -€15,549 | -38.2% |
| Profit (loss) for the period | 9904 | €40,751 | €25,202 | -€15,549 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,751 | €25,202 | -€15,549 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.