COZART: 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.
COZART
Largest movements
- Receivables within one year +€16,516
up €16,516 (+432%), from €3,821 to €20,337
of which Other amounts receivable: +€8,903
- Cash -€6,325
down €6,325 (-97.2%), from €6,508 to €183
mainly Receivables within one year (-€16,516) and Deferred charges and accrued income (-€652)
- Deferred charges and accrued income +€652
new in 2025: €652
- Reserves +€8,995
up €8,995 (+95.3%), from €9,438 to €18,433
- Tax, wage and social debts +€1,112
up €1,112 (+27.2%), from €4,093 to €5,204
- Trade debts +€678
up €678 (+149%), from €455 to €1,133
- Gross operating margin +€6,817
up €6,817 (+64.4%), from €10,588 to €17,405
- Taxes +€1,470
up €1,470 (+73.1%), from €2,012 to €3,482
- Other operating charges +€1,345
up €1,345 (+1,140%), from €118 to €1,463
- Financial income +€299
up €299 (+389%), from €77 to €376
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 | €14,085 | €24,870 | +€10,785 | +76.6% |
| Fixed assets | 21/28 | €3,756 | €3,698 | -€59 | -1.6% |
| Tangible fixed assets | 22/27 | €2,106 | €2,048 | -€59 | -2.8% |
| Plant, machinery and equipment | 23 | €1,702 | €1,688 | -€14 | -0.8% |
| Furniture and vehicles | 24 | €405 | €360 | -€45 | -11.1% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €10,329 | €21,172 | +€10,844 | +105% |
| Amounts receivable within one year | 40/41 | €3,821 | €20,337 | +€16,516 | +432% |
| Trade receivables | 40 | €390 | €8,003 | +€7,613 | +1,952% |
| Other amounts receivable | 41 | €3,431 | €12,334 | +€8,903 | +260% |
| Cash at bank and in hand | 54/58 | €6,508 | €183 | -€6,325 | -97.2% |
| Deferred charges and accrued income | 490/1 | - | €652 | +€652 | |
| Total equity and liabilities | 10/49 | €14,085 | €24,870 | +€10,785 | +76.6% |
| Equity | 10/15 | €9,538 | €18,533 | +€8,995 | +94.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,438 | €18,433 | +€8,995 | +95.3% |
| Distributable reserves | 133 | €9,438 | €18,433 | +€8,995 | +95.3% |
| Amounts payable | 17/49 | €4,548 | €6,337 | +€1,790 | +39.4% |
| Amounts payable within one year | 42/48 | €4,548 | €6,337 | +€1,790 | +39.4% |
| Trade debts | 44 | €455 | €1,133 | +€678 | +149% |
| Suppliers | 440/4 | €455 | €1,133 | +€678 | +149% |
| Taxes, remuneration and social security | 45 | €4,093 | €5,204 | +€1,112 | +27.2% |
| Taxes | 450/3 | €4,093 | €5,204 | +€1,112 | +27.2% |
| Remuneration, social security and pensions | 62 | €2,050 | €2,050 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €655 | +€147 | +29.0% |
| Other operating charges | 640/8 | €118 | €1,463 | +€1,345 | +1,140% |
| Non-recurring operating charges | 66A | - | €902 | +€902 | |
| Gross operating margin | 9900 | €10,588 | €17,405 | +€6,817 | +64.4% |
| Operating profit (loss) | 9901 | €7,913 | €12,336 | +€4,423 | +55.9% |
| Financial income | 75/76B | €77 | €376 | +€299 | +389% |
| Recurring financial income | 75 | €77 | €376 | +€299 | +389% |
| Financial charges | 65/66B | €163 | €234 | +€72 | +43.9% |
| Recurring financial charges | 65 | €163 | €234 | +€72 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €7,827 | €12,477 | +€4,650 | +59.4% |
| Income taxes | 67/77 | €2,012 | €3,482 | +€1,470 | +73.1% |
| Profit (loss) for the period | 9904 | €5,816 | €8,995 | +€3,180 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,816 | €8,995 | +€3,180 | +54.7% |
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.