COWIMMO: 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.
COWIMMO
Largest movements
- Cash +€25,373
up €25,373 (+32.6%), from €77,806 to €103,178
mainly Net result for the year (+€33,851) and Depreciation (+€23,028)
- Tangible fixed assets -€23,028
down €23,028 (-5.3%), from €436,669 to €413,641
of which Plant, machinery and equipment: -€11,537
- Profit (loss) carried forward +€33,851
up €33,851 (+17.5%), from -€193,056 to -€159,205
- Debts after one year -€14,806
down €14,806 (-9.4%), from €156,811 to €142,005
- Other debts -€13,577
down €13,577 (-5.6%), from €243,524 to €229,947
- Gross operating margin +€21,255
up €21,255 (+43.1%), from €49,325 to €70,580
- Other operating charges +€1,172
up €1,172 (+14.9%), from €7,878 to €9,050
- Depreciation -€865
down €865 (-3.6%), from €23,893 to €23,028
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 | €515,374 | €517,720 | +€2,345 | +0.5% |
| Fixed assets | 21/28 | €436,919 | €413,891 | -€23,028 | -5.3% |
| Tangible fixed assets | 22/27 | €436,669 | €413,641 | -€23,028 | -5.3% |
| Land and buildings | 22 | €354,445 | €342,954 | -€11,490 | -3.2% |
| Plant, machinery and equipment | 23 | €82,224 | €70,687 | -€11,537 | -14.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €78,456 | €103,828 | +€25,373 | +32.3% |
| Cash at bank and in hand | 54/58 | €77,806 | €103,178 | +€25,373 | +32.6% |
| Deferred charges and accrued income | 490/1 | €650 | €650 | = | 0.0% |
| Total equity and liabilities | 10/49 | €515,374 | €517,720 | +€2,345 | +0.5% |
| Equity | 10/15 | €94,621 | €128,472 | +€33,851 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €269,077 | €269,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,056 | -€159,205 | +€33,851 | +17.5% |
| Amounts payable | 17/49 | €420,754 | €389,248 | -€31,506 | -7.5% |
| Amounts payable after more than one year | 17 | €156,811 | €142,005 | -€14,806 | -9.4% |
| Financial debts | 170/4 | €156,811 | €142,005 | -€14,806 | -9.4% |
| Amounts payable within one year | 42/48 | €263,943 | €247,243 | -€16,700 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €14,961 | €15,306 | +€345 | +2.3% |
| Trade debts | 44 | €5,457 | €1,990 | -€3,468 | -63.5% |
| Suppliers | 440/4 | €5,457 | €1,990 | -€3,468 | -63.5% |
| Other amounts payable | 47/48 | €243,524 | €229,947 | -€13,577 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,893 | €23,028 | -€865 | -3.6% |
| Other operating charges | 640/8 | €7,878 | €9,050 | +€1,172 | +14.9% |
| Gross operating margin | 9900 | €49,325 | €70,580 | +€21,255 | +43.1% |
| Operating profit (loss) | 9901 | €17,554 | €38,502 | +€20,948 | +119% |
| Financial income | 75/76B | €1 | €185 | +€185 | +25,631% |
| Recurring financial income | 75 | €1 | €185 | +€185 | +25,631% |
| Financial charges | 65/66B | €4,652 | €4,836 | +€184 | +4.0% |
| Recurring financial charges | 65 | €4,652 | €4,836 | +€184 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €12,903 | €33,851 | +€20,949 | +162% |
| Profit (loss) for the period | 9904 | €12,903 | €33,851 | +€20,949 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €12,903 | €33,851 | +€20,949 | +162% |
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.