CoZorg: 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.
CoZorg
Largest movements
- Receivables within one year +€60,543
up €60,543 (+166%), from €36,392 to €96,935
of which Trade receivables: +€70,234
- Tangible fixed assets -€23,890
down €23,890 (-8.8%), from €271,166 to €247,276
of which Land and buildings: -€16,320
- Cash +€14,094
up €14,094 (+52.6%), from €26,812 to €40,906
mainly Trade debts (+€60,125) and Depreciation (+€31,648)
- Trade debts +€60,125
up €60,125 (+802%), from €7,498 to €67,623
- Reserves +€28,505
up €28,505 (+40.7%), from €70,025 to €98,531
- Debts after one year -€13,645
down €13,645 (-6.9%), from €198,669 to €185,024
- Tax, wage and social debts -€11,826
down €11,826 (-100.0%), from €11,829 to €3
- Current portion of long-term debt -€8,025
down €8,025 (-31.2%), from €25,701 to €17,677
- Other operating charges -€20,777
down €20,777 (-94.3%), from €22,038 to €1,261
- Gross operating margin +€20,185
up €20,185 (+31.5%), from €64,022 to €84,208
- Depreciation +€11,655
up €11,655 (+58.3%), from €19,993 to €31,648
- Financial charges +€7,475
up €7,475 (+307%), from €2,434 to €9,910
- Taxes +€7,182
up €7,182 (+135%), from €5,316 to €12,497
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 | €340,139 | €390,805 | +€50,666 | +14.9% |
| Fixed assets | 21/28 | €271,166 | €247,276 | -€23,890 | -8.8% |
| Tangible fixed assets | 22/27 | €271,166 | €247,276 | -€23,890 | -8.8% |
| Land and buildings | 22 | €253,662 | €237,342 | -€16,320 | -6.4% |
| Plant, machinery and equipment | 23 | €1,601 | €1,048 | -€553 | -34.5% |
| Furniture and vehicles | 24 | €11,731 | €7,493 | -€4,237 | -36.1% |
| Leasing and similar rights | 25 | €4,172 | €1,393 | -€2,779 | -66.6% |
| Current assets | 29/58 | €68,973 | €143,529 | +€74,556 | +108% |
| Amounts receivable within one year | 40/41 | €36,392 | €96,935 | +€60,543 | +166% |
| Trade receivables | 40 | €26,701 | €96,935 | +€70,234 | +263% |
| Other amounts receivable | 41 | €9,691 | - | -€9,691 | |
| Cash at bank and in hand | 54/58 | €26,812 | €40,906 | +€14,094 | +52.6% |
| Deferred charges and accrued income | 490/1 | €5,769 | €5,688 | -€81 | -1.4% |
| Total equity and liabilities | 10/49 | €340,139 | €390,805 | +€50,666 | +14.9% |
| Equity | 10/15 | €75,025 | €103,531 | +€28,505 | +38.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,025 | €98,531 | +€28,505 | +40.7% |
| Distributable reserves | 133 | €70,025 | €98,531 | +€28,505 | +40.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €265,113 | €287,274 | +€22,161 | +8.4% |
| Amounts payable after more than one year | 17 | €198,669 | €185,024 | -€13,645 | -6.9% |
| Financial debts | 170/4 | €198,669 | €185,024 | -€13,645 | -6.9% |
| Amounts payable within one year | 42/48 | €66,017 | €102,251 | +€36,234 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €25,701 | €17,677 | -€8,025 | -31.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,498 | €67,623 | +€60,125 | +802% |
| Suppliers | 440/4 | €7,498 | €67,623 | +€60,125 | +802% |
| Advances received on contracts in progress | 46 | €36 | - | -€36 | |
| Taxes, remuneration and social security | 45 | €11,829 | €3 | -€11,826 | -100.0% |
| Taxes | 450/3 | €11,829 | €3 | -€11,826 | -100.0% |
| Other amounts payable | 47/48 | €20,953 | €16,948 | -€4,004 | -19.1% |
| Accrued charges and deferred income | 492/3 | €428 | - | -€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,993 | €31,648 | +€11,655 | +58.3% |
| Other operating charges | 640/8 | €22,038 | €1,261 | -€20,777 | -94.3% |
| Non-recurring operating charges | 66A | - | €453 | +€453 | |
| Gross operating margin | 9900 | €64,022 | €84,208 | +€20,185 | +31.5% |
| Operating profit (loss) | 9901 | €21,992 | €50,846 | +€28,854 | +131% |
| Financial income | 75/76B | €68 | €66 | -€2 | -2.2% |
| Recurring financial income | 75 | €68 | €66 | -€2 | -2.2% |
| Financial charges | 65/66B | €2,434 | €9,910 | +€7,475 | +307% |
| Recurring financial charges | 65 | €2,434 | €9,910 | +€7,475 | +307% |
| Profit (loss) for the period before taxes | 9903 | €19,625 | €41,002 | +€21,378 | +109% |
| Income taxes | 67/77 | €5,316 | €12,497 | +€7,182 | +135% |
| Profit (loss) for the period | 9904 | €14,309 | €28,505 | +€14,196 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,309 | €28,505 | +€14,196 | +99.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.