COSEFISC: what changed
COSEFISC
Largest movements
- Receivables after one year -€3,053
no longer reported in 2025 (was €3,053)
- Tangible fixed assets -€2,851
down €2,851 (-18.1%), from €15,730 to €12,879
of which Leasing and similar rights: -€4,689
- Cash +€722
up €722 (+5.8%), from €12,496 to €13,218
mainly Depreciation (+€5,740) and Receivables after one year (+€3,053)
- Deferred charges and accrued income +€608
up €608 (+15.8%), from €3,836 to €4,444
- Receivables within one year +€607
up €607 (+4.7%), from €12,869 to €13,476
of which Other amounts receivable: +€779
- Debts after one year -€4,129
down €4,129 (-33.5%), from €12,321 to €8,192
- Profit (loss) carried forward +€1,539
up €1,539 (+35.3%), from €4,359 to €5,898
- Tax, wage and social debts -€660
down €660 (-12.6%), from €5,255 to €4,595
- Trade debts -€655
down €655 (-18.7%), from €3,498 to €2,844
- Depreciation -€7,871
down €7,871 (-57.8%), from €13,611 to €5,740
- Gross operating margin -€3,362
down €3,362 (-20.9%), from €16,054 to €12,692
- Other operating charges +€1,559
up €1,559 (+111%), from €1,404 to €2,963
- Taxes +€466
up €466 (+28.8%), from €1,620 to €2,086
- Financial charges -€161
down €161 (-15.3%), from €1,049 to €888
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,085 | €46,117 | -€3,967 | -7.9% |
| Fixed assets | 21/28 | €17,830 | €14,979 | -€2,851 | -16.0% |
| Tangible fixed assets | 22/27 | €15,730 | €12,879 | -€2,851 | -18.1% |
| Furniture and vehicles | 24 | €1,021 | €2,859 | +€1,838 | +180% |
| Leasing and similar rights | 25 | €14,709 | €10,020 | -€4,689 | -31.9% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €32,254 | €31,138 | -€1,116 | -3.5% |
| Amounts receivable after more than one year | 29 | €3,053 | - | -€3,053 | |
| Other amounts receivable | 291 | €3,053 | - | -€3,053 | |
| Amounts receivable within one year | 40/41 | €12,869 | €13,476 | +€607 | +4.7% |
| Trade receivables | 40 | €9,895 | €9,723 | -€172 | -1.7% |
| Other amounts receivable | 41 | €2,974 | €3,753 | +€779 | +26.2% |
| Cash at bank and in hand | 54/58 | €12,496 | €13,218 | +€722 | +5.8% |
| Deferred charges and accrued income | 490/1 | €3,836 | €4,444 | +€608 | +15.8% |
| Total equity and liabilities | 10/49 | €50,085 | €46,117 | -€3,967 | -7.9% |
| Equity | 10/15 | €24,819 | €26,358 | +€1,539 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,359 | €5,898 | +€1,539 | +35.3% |
| Amounts payable | 17/49 | €25,266 | €19,759 | -€5,506 | -21.8% |
| Amounts payable after more than one year | 17 | €12,321 | €8,192 | -€4,129 | -33.5% |
| Financial debts | 170/4 | €12,321 | €8,192 | -€4,129 | -33.5% |
| Amounts payable within one year | 42/48 | €12,944 | €11,567 | -€1,377 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €3,942 | €4,129 | +€187 | +4.7% |
| Trade debts | 44 | €3,498 | €2,844 | -€655 | -18.7% |
| Suppliers | 440/4 | €3,498 | €2,844 | -€655 | -18.7% |
| Taxes, remuneration and social security | 45 | €5,255 | €4,595 | -€660 | -12.6% |
| Taxes | 450/3 | €5,255 | €4,595 | -€660 | -12.6% |
| Other amounts payable | 47/48 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,611 | €5,740 | -€7,871 | -57.8% |
| Other operating charges | 640/8 | €1,404 | €2,963 | +€1,559 | +111% |
| Non-recurring operating charges | 66A | €86 | - | -€86 | |
| Gross operating margin | 9900 | €16,054 | €12,692 | -€3,362 | -20.9% |
| Operating profit (loss) | 9901 | €954 | €3,988 | +€3,035 | +318% |
| Financial income | 75/76B | €424 | €524 | +€101 | +23.7% |
| Recurring financial income | 75 | €424 | €524 | +€101 | +23.7% |
| Financial charges | 65/66B | €1,049 | €888 | -€161 | -15.3% |
| Recurring financial charges | 65 | €1,049 | €888 | -€161 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €329 | €3,625 | +€3,296 | +1,003% |
| Income taxes | 67/77 | €1,620 | €2,086 | +€466 | +28.8% |
| Profit (loss) for the period | 9904 | -€1,291 | €1,539 | +€2,830 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,291 | €1,539 | +€2,830 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.