Cowize: what changed
Two fiscal 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.
Cowize
Largest movements
- Intangible fixed assets +€133,929
up €133,929 (+1034.0%), from €12,953 to €146,881
- Cash +€24,614
up €24,614 (+43.3%), from €56,889 to €81,503
mainly Debts after one year (+€88,675) and Contributions, distributions and other (+€67,499)
- Receivables within one year +€7,084
up €7,084 (+41.3%), from €17,168 to €24,252
of which Other amounts receivable: +€8,118
- Tangible fixed assets -€2,839
down €2,839 (-43.7%), from €6,491 to €3,652
- Debts after one year +€88,675
up €88,675, from €0 to €88,675
- Contributions +€67,499
up €67,499 (+37.0%), from €182,501 to €250,000
- Profit (loss) carried forward -€36,244
down €36,244 (-23.5%), from -€153,931 to -€190,174
- Current portion of long-term debt +€23,330
up €23,330 (+2192.9%), from €1,064 to €24,394
- Trade debts +€17,786
up €17,786 (+221.2%), from €8,041 to €25,827
- Staff costs -€80,632
down €80,632 (-56.9%), from €141,591 to €60,959
- Gross operating margin -€39,600
down €39,600 (-40.2%), from €98,498 to €58,898
- Depreciation +€5,696
up €5,696 (+28.2%), from €20,231 to €25,927
- Financial charges +€3,464
up €3,464 (+510.7%), from €678 to €4,143
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.
Cash bridge derived
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 | €98,554 | €260,129 | +€161,575 | +163.9% |
| Fixed assets | 21/28 | €19,694 | €150,784 | +€131,090 | +665.6% |
| Intangible fixed assets | 21 | €12,953 | €146,881 | +€133,929 | +1034.0% |
| Tangible fixed assets | 22/27 | €6,491 | €3,652 | -€2,839 | -43.7% |
| Furniture and vehicles | 24 | €6,491 | €3,652 | -€2,839 | -43.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €78,860 | €109,345 | +€30,485 | +38.7% |
| Amounts receivable within one year | 40/41 | €17,168 | €24,252 | +€7,084 | +41.3% |
| Trade receivables | 40 | €16,952 | €15,919 | -€1,034 | -6.1% |
| Other amounts receivable | 41 | €215 | €8,333 | +€8,118 | +3775.3% |
| Cash at bank and in hand | 54/58 | €56,889 | €81,503 | +€24,614 | +43.3% |
| Deferred charges and accrued income | 490/1 | €4,804 | €3,591 | -€1,213 | -25.3% |
| Total equity and liabilities | 10/49 | €98,554 | €260,129 | +€161,575 | +163.9% |
| Equity | 10/15 | €68,061 | €99,316 | +€31,255 | +45.9% |
| Contributions | 10/11 | €182,501 | €250,000 | +€67,499 | +37.0% |
| Reserves | 13 | €39,491 | €39,491 | = | 0.0% |
| Distributable reserves | 133 | €39,491 | €39,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,931 | -€190,174 | -€36,244 | -23.5% |
| Amounts payable | 17/49 | €30,493 | €160,813 | +€130,320 | +427.4% |
| Amounts payable after more than one year | 17 | €0 | €88,675 | +€88,675 | |
| Financial debts | 170/4 | €0 | €88,675 | +€88,675 | |
| Amounts payable within one year | 42/48 | €24,274 | €69,438 | +€45,164 | +186.1% |
| Current portion of amounts payable after more than one year | 42 | €1,064 | €24,394 | +€23,330 | +2192.9% |
| Trade debts | 44 | €8,041 | €25,827 | +€17,786 | +221.2% |
| Suppliers | 440/4 | €8,041 | €25,827 | +€17,786 | +221.2% |
| Taxes, remuneration and social security | 45 | €13,566 | €8,906 | -€4,660 | -34.4% |
| Taxes | 450/3 | €5,471 | €123 | -€5,347 | -97.7% |
| Remuneration and social security | 454/9 | €8,095 | €8,782 | +€687 | +8.5% |
| Other amounts payable | 47/48 | €1,603 | €10,310 | +€8,708 | +543.2% |
| Accrued charges and deferred income | 492/3 | €6,219 | €2,700 | -€3,519 | -56.6% |
| Remuneration, social security and pensions | 62 | €141,591 | €60,959 | -€80,632 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,231 | €25,927 | +€5,696 | +28.2% |
| Other operating charges | 640/8 | €3,196 | €3,706 | +€510 | +16.0% |
| Gross operating margin | 9900 | €98,498 | €58,898 | -€39,600 | -40.2% |
| Operating profit (loss) | 9901 | -€66,519 | -€31,694 | +€34,825 | +52.4% |
| Financial income | 75/76B | €0 | €14 | +€14 | +70150.0% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +70150.0% |
| Financial charges | 65/66B | €678 | €4,143 | +€3,464 | +510.7% |
| Recurring financial charges | 65 | €678 | €4,143 | +€3,464 | +510.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,198 | -€35,823 | +€31,375 | +46.7% |
| Income taxes | 67/77 | €417 | €421 | +€3 | +0.8% |
| Profit (loss) for the period | 9904 | -€67,615 | -€36,244 | +€31,371 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,615 | -€36,244 | +€31,371 | +46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.