ETS COOSELEC: 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.
ETS COOSELEC
Largest movements
- Intangible fixed assets -€25,781
down €25,781 (-42.8%), from €60,175 to €34,394
- Tangible fixed assets -€13,627
down €13,627 (-14.9%), from €91,236 to €77,609
of which Furniture and vehicles: -€8,843
- Cash +€11,568
up €11,568 (+14.4%), from €80,149 to €91,717
mainly Depreciation (+€47,284) and Accrued charges and deferred income (+€1,281)
- Trade debts -€12,957
down €12,957 (-43.0%), from €30,119 to €17,162
- Debts after one year -€9,609
down €9,609 (-92.1%), from €10,430 to €821
- Other debts -€6,049
down €6,049 (-9.8%), from €61,810 to €55,761
- Gross operating margin +€41,279
up €41,279 (+66.4%), from €62,178 to €103,457
- Financial charges +€5,882
up €5,882 (+52.7%), from €11,161 to €17,043
- Staff costs -€3,468
down €3,468 (-8.2%), from €42,096 to €38,629
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 | €292,535 | €266,175 | -€26,360 | -9.0% |
| Fixed assets | 21/28 | €151,487 | €112,079 | -€39,408 | -26.0% |
| Intangible fixed assets | 21 | €60,175 | €34,394 | -€25,781 | -42.8% |
| Tangible fixed assets | 22/27 | €91,236 | €77,609 | -€13,627 | -14.9% |
| Plant, machinery and equipment | 23 | €64,707 | €59,923 | -€4,784 | -7.4% |
| Furniture and vehicles | 24 | €26,529 | €17,686 | -€8,843 | -33.3% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €141,048 | €154,096 | +€13,048 | +9.3% |
| Stocks and contracts in progress | 3 | €48,881 | €48,926 | +€45 | +0.1% |
| Stocks | 30/36 | €48,881 | €48,926 | +€45 | +0.1% |
| Amounts receivable within one year | 40/41 | €12,019 | €13,453 | +€1,435 | +11.9% |
| Trade receivables | 40 | €8,369 | €13,453 | +€5,085 | +60.8% |
| Other amounts receivable | 41 | €3,650 | - | -€3,650 | |
| Cash at bank and in hand | 54/58 | €80,149 | €91,717 | +€11,568 | +14.4% |
| Total equity and liabilities | 10/49 | €292,535 | €266,175 | -€26,360 | -9.0% |
| Equity | 10/15 | €158,864 | €159,218 | +€354 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,864 | €137,218 | +€354 | +0.3% |
| Amounts payable | 17/49 | €133,671 | €106,957 | -€26,714 | -20.0% |
| Amounts payable after more than one year | 17 | €10,430 | €821 | -€9,609 | -92.1% |
| Financial debts | 170/4 | €10,430 | €821 | -€9,609 | -92.1% |
| Amounts payable within one year | 42/48 | €122,611 | €104,225 | -€18,386 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €9,166 | €9,609 | +€443 | +4.8% |
| Trade debts | 44 | €30,119 | €17,162 | -€12,957 | -43.0% |
| Suppliers | 440/4 | €30,119 | €17,162 | -€12,957 | -43.0% |
| Taxes, remuneration and social security | 45 | €21,516 | €21,692 | +€177 | +0.8% |
| Taxes | 450/3 | €10,745 | €11,453 | +€709 | +6.6% |
| Remuneration and social security | 454/9 | €10,771 | €10,239 | -€532 | -4.9% |
| Other amounts payable | 47/48 | €61,810 | €55,761 | -€6,049 | -9.8% |
| Accrued charges and deferred income | 492/3 | €630 | €1,911 | +€1,281 | +203% |
| Remuneration, social security and pensions | 62 | €42,096 | €38,629 | -€3,468 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,297 | €47,284 | -€1,012 | -2.1% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €62,178 | €103,457 | +€41,279 | +66.4% |
| Operating profit (loss) | 9901 | -€28,364 | €17,395 | +€45,759 | |
| Financial income | 75/76B | €109 | - | -€109 | |
| Recurring financial income | 75 | €109 | - | -€109 | |
| Financial charges | 65/66B | €11,161 | €17,043 | +€5,882 | +52.7% |
| Recurring financial charges | 65 | €11,161 | €17,043 | +€5,882 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,415 | €352 | +€39,767 | |
| Income taxes | 67/77 | - | -€2 | -€2 | |
| Profit (loss) for the period | 9904 | -€39,415 | €354 | +€39,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,415 | €354 | +€39,769 |
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 18 October 2026 via checked.be.