Dr Cosyns Léonor: 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.
Dr Cosyns Léonor
Largest movements
- Cash +€13,766
up €13,766 (+14.6%), from €94,569 to €108,335
mainly Net result for the year (+€20,397) and Depreciation (+€14,751)
- Tangible fixed assets -€12,213
down €12,213 (-42.1%), from €29,024 to €16,812
- Receivables within one year +€10,315
up €10,315 (+1,719%), from €600 to €10,915
of which Other amounts receivable: +€10,915
- Current investments +€9,000
new in 2025: €9,000
- Deferred charges and accrued income -€5,727
down €5,727 (-13.6%), from €42,264 to €36,537
- Profit (loss) carried forward +€20,397
up €20,397 (+17.9%), from €113,849 to €134,246
- Debts after one year -€10,266
down €10,266 (-43.3%), from €23,697 to €13,430
- Tax, wage and social debts +€4,000
up €4,000 (+28.5%), from €14,044 to €18,044
of which Remuneration and social security: +€2,600
- Gross operating margin -€109,496
down €109,496 (-71.6%), from €152,971 to €43,474
- Taxes -€23,599
down €23,599 (-79.1%), from €29,844 to €6,245
- Depreciation +€1,609
up €1,609 (+12.2%), from €13,142 to €14,751
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 | €166,457 | €181,598 | +€15,141 | +9.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €29,024 | €16,812 | -€12,213 | -42.1% |
| Tangible fixed assets | 22/27 | €29,024 | €16,812 | -€12,213 | -42.1% |
| Furniture and vehicles | 24 | €29,024 | €16,812 | -€12,213 | -42.1% |
| Current assets | 29/58 | €137,433 | €164,786 | +€27,353 | +19.9% |
| Amounts receivable within one year | 40/41 | €600 | €10,915 | +€10,315 | +1,719% |
| Trade receivables | 40 | €600 | - | -€600 | |
| Other amounts receivable | 41 | - | €10,915 | +€10,915 | |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €94,569 | €108,335 | +€13,766 | +14.6% |
| Deferred charges and accrued income | 490/1 | €42,264 | €36,537 | -€5,727 | -13.6% |
| Total equity and liabilities | 10/49 | €166,457 | €181,598 | +€15,141 | +9.1% |
| Equity | 10/15 | €114,849 | €135,246 | +€20,397 | +17.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,849 | €134,246 | +€20,397 | +17.9% |
| Amounts payable | 17/49 | €51,608 | €46,352 | -€5,256 | -10.2% |
| Amounts payable after more than one year | 17 | €23,697 | €13,430 | -€10,266 | -43.3% |
| Financial debts | 170/4 | €23,697 | €13,430 | -€10,266 | -43.3% |
| Amounts payable within one year | 42/48 | €27,912 | €32,363 | +€4,452 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €9,860 | €10,266 | +€406 | +4.1% |
| Trade debts | 44 | €1,815 | €1,860 | +€45 | +2.5% |
| Suppliers | 440/4 | €1,815 | €1,860 | +€45 | +2.5% |
| Taxes, remuneration and social security | 45 | €14,044 | €18,044 | +€4,000 | +28.5% |
| Taxes | 450/3 | €14,044 | €15,444 | +€1,400 | +10.0% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €2,192 | €2,192 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €558 | +€558 | |
| Non-recurring operating income | 76A | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,142 | €14,751 | +€1,609 | +12.2% |
| Other operating charges | 640/8 | €1,862 | €1,392 | -€470 | -25.2% |
| Gross operating margin | 9900 | €152,971 | €43,474 | -€109,496 | -71.6% |
| Operating profit (loss) | 9901 | €137,966 | €27,331 | -€110,635 | -80.2% |
| Financial income | 75/76B | - | €531 | +€531 | |
| Recurring financial income | 75 | - | €531 | +€531 | |
| Financial charges | 65/66B | €1,389 | €1,221 | -€168 | -12.1% |
| Recurring financial charges | 65 | €1,389 | €1,221 | -€168 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €136,578 | €26,642 | -€109,936 | -80.5% |
| Income taxes | 67/77 | €29,844 | €6,245 | -€23,599 | -79.1% |
| Profit (loss) for the period | 9904 | €106,733 | €20,397 | -€86,337 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,733 | €20,397 | -€86,337 | -80.9% |
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 28 October 2026 via checked.be.