IMMO COSEMANS: 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.
IMMO COSEMANS
Largest movements
- Cash +€41,389
up €41,389 (+320%), from €12,949 to €54,338
mainly Other debts (+€30,956) and Net result for the year (+€19,337)
- Receivables within one year +€10,551
up €10,551 (+12.0%), from €87,832 to €98,383
of which Trade receivables: +€10,398
- Deferred charges and accrued income -€4,993
no longer reported in 2025 (was €4,993)
- Intangible fixed assets -€3,480
no longer reported in 2025 (was €3,480)
- Other debts +€30,956
up €30,956 (+123%), from €25,141 to €56,098
- Profit (loss) carried forward +€19,337
up €19,337 (+16.8%), from -€115,202 to -€95,865
- Tax, wage and social debts -€5,536
no longer reported in 2025 (was €5,536)
- Gross operating margin +€5,851
up €5,851 (+38.2%), from €15,337 to €21,188
- Financial income -€1,554
down €1,554 (-65.0%), from €2,392 to €838
- Financial charges -€1,025
down €1,025 (-54.0%), from €1,900 to €875
- Taxes +€427
up €427 (+90.3%), from -€472 to -€46
- Other operating charges -€384
down €384 (-41.2%), from €934 to €549
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 | €112,223 | €155,455 | +€43,233 | +38.5% |
| Fixed assets | 21/28 | €6,449 | €2,734 | -€3,715 | -57.6% |
| Intangible fixed assets | 21 | €3,480 | - | -€3,480 | |
| Tangible fixed assets | 22/27 | €2,969 | €2,734 | -€235 | -7.9% |
| Plant, machinery and equipment | 23 | €730 | €1,194 | +€464 | +63.5% |
| Furniture and vehicles | 24 | €2,239 | €1,541 | -€699 | -31.2% |
| Current assets | 29/58 | €105,774 | €152,721 | +€46,948 | +44.4% |
| Amounts receivable within one year | 40/41 | €87,832 | €98,383 | +€10,551 | +12.0% |
| Trade receivables | 40 | €61,603 | €72,002 | +€10,398 | +16.9% |
| Other amounts receivable | 41 | €26,229 | €26,382 | +€153 | +0.6% |
| Cash at bank and in hand | 54/58 | €12,949 | €54,338 | +€41,389 | +320% |
| Deferred charges and accrued income | 490/1 | €4,993 | - | -€4,993 | |
| Total equity and liabilities | 10/49 | €112,223 | €155,455 | +€43,233 | +38.5% |
| Equity | 10/15 | €51,583 | €70,920 | +€19,337 | +37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,585 | €160,585 | = | 0.0% |
| Distributable reserves | 133 | €160,585 | €160,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,202 | -€95,865 | +€19,337 | +16.8% |
| Amounts payable | 17/49 | €60,640 | €84,536 | +€23,896 | +39.4% |
| Amounts payable within one year | 42/48 | €60,640 | €84,536 | +€23,896 | +39.4% |
| Trade debts | 44 | €29,963 | €28,438 | -€1,524 | -5.1% |
| Suppliers | 440/4 | €29,963 | €28,438 | -€1,524 | -5.1% |
| Taxes, remuneration and social security | 45 | €5,536 | - | -€5,536 | |
| Taxes | 450/3 | €5,536 | - | -€5,536 | |
| Other amounts payable | 47/48 | €25,141 | €56,098 | +€30,956 | +123% |
| Non-recurring operating income | 76A | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,653 | €1,311 | -€342 | -20.7% |
| Other operating charges | 640/8 | €934 | €549 | -€384 | -41.2% |
| Non-recurring operating charges | 66A | €12,594 | - | -€12,594 | |
| Gross operating margin | 9900 | €15,337 | €21,188 | +€5,851 | +38.2% |
| Operating profit (loss) | 9901 | €156 | €19,328 | +€19,172 | +12,266% |
| Financial income | 75/76B | €2,392 | €838 | -€1,554 | -65.0% |
| Recurring financial income | 75 | €2,392 | €838 | -€1,554 | -65.0% |
| Financial charges | 65/66B | €1,900 | €875 | -€1,025 | -54.0% |
| Recurring financial charges | 65 | €1,900 | €875 | -€1,025 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €648 | €19,291 | +€18,643 | +2,875% |
| Income taxes | 67/77 | -€472 | -€46 | +€427 | +90.3% |
| Profit (loss) for the period | 9904 | €1,121 | €19,337 | +€18,216 | +1,625% |
| Profit (loss) for the period to be appropriated | 9905 | €1,121 | €19,337 | +€18,216 | +1,625% |
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.