MV COSI: 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.
MV COSI
Largest movements
- Receivables within one year +€5,595
up €5,595 (+325%), from €1,720 to €7,315
of which Trade receivables: +€5,595
- Tangible fixed assets -€5,340
down €5,340 (-3.7%), from €144,197 to €138,857
of which Land and buildings: -€5,340
- Cash +€2,679
up €2,679 (+14.6%), from €18,415 to €21,095
mainly Net result for the year (+€12,375) and Depreciation (+€5,340)
- Profit (loss) carried forward +€12,375
up €12,375 (+546%), from €2,266 to €14,640
- Debts after one year -€10,842
down €10,842 (-12.6%), from €86,267 to €75,425
- Other debts -€4,865
down €4,865 (-10.9%), from €44,439 to €39,574
- Trade debts +€4,530
up €4,530 (+293%), from €1,544 to €6,074
- Gross operating margin -€566
down €566 (-2.4%), from €23,241 to €22,674
- Financial charges -€266
down €266 (-8.8%), from €3,031 to €2,765
- Taxes +€233
new in 2025: €233
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 | €167,577 | €169,743 | +€2,165 | +1.3% |
| Fixed assets | 21/28 | €144,416 | €139,076 | -€5,340 | -3.7% |
| Tangible fixed assets | 22/27 | €144,197 | €138,857 | -€5,340 | -3.7% |
| Land and buildings | 22 | €144,197 | €138,857 | -€5,340 | -3.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €23,161 | €30,667 | +€7,506 | +32.4% |
| Stocks and contracts in progress | 3 | €2,754 | €2,155 | -€600 | -21.8% |
| Stocks | 30/36 | €2,754 | €2,155 | -€600 | -21.8% |
| Amounts receivable within one year | 40/41 | €1,720 | €7,315 | +€5,595 | +325% |
| Trade receivables | 40 | €547 | €6,142 | +€5,595 | +1,024% |
| Other amounts receivable | 41 | €1,173 | €1,173 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,415 | €21,095 | +€2,679 | +14.6% |
| Deferred charges and accrued income | 490/1 | €272 | €103 | -€169 | -62.2% |
| Total equity and liabilities | 10/49 | €167,577 | €169,743 | +€2,165 | +1.3% |
| Equity | 10/15 | €20,866 | €33,240 | +€12,375 | +59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,266 | €14,640 | +€12,375 | +546% |
| Amounts payable | 17/49 | €146,712 | €136,502 | -€10,209 | -7.0% |
| Amounts payable after more than one year | 17 | €86,267 | €75,425 | -€10,842 | -12.6% |
| Financial debts | 170/4 | €86,267 | €75,425 | -€10,842 | -12.6% |
| Amounts payable within one year | 42/48 | €60,445 | €61,078 | +€633 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,530 | €10,842 | +€312 | +3.0% |
| Trade debts | 44 | €1,544 | €6,074 | +€4,530 | +293% |
| Suppliers | 440/4 | €1,544 | €6,074 | +€4,530 | +293% |
| Taxes, remuneration and social security | 45 | €3,932 | €4,588 | +€656 | +16.7% |
| Taxes | 450/3 | €1,432 | €1,588 | +€156 | +10.9% |
| Remuneration and social security | 454/9 | €2,500 | €3,000 | +€500 | +20.0% |
| Other amounts payable | 47/48 | €44,439 | €39,574 | -€4,865 | -10.9% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,340 | €5,340 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,007 | €1,791 | -€216 | -10.8% |
| Gross operating margin | 9900 | €23,241 | €22,674 | -€566 | -2.4% |
| Operating profit (loss) | 9901 | €15,730 | €15,373 | -€357 | -2.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,031 | €2,765 | -€266 | -8.8% |
| Recurring financial charges | 65 | €3,031 | €2,765 | -€266 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €12,699 | €12,608 | -€91 | -0.7% |
| Income taxes | 67/77 | - | €233 | +€233 | |
| Profit (loss) for the period | 9904 | €12,699 | €12,375 | -€324 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,699 | €12,375 | -€324 | -2.6% |
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 19 October 2026 via checked.be.