BELCOSMO GROUP: 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.
BELCOSMO GROUP
Largest movements
- Deferred charges and accrued income -€9,696
down €9,696 (-52.4%), from €18,500 to €8,804
- Cash +€3,883
up €3,883 (+536%), from €724 to €4,608
mainly Deferred charges and accrued income (+€9,696) and Trade debts (+€7,976)
- Receivables within one year -€1,823
down €1,823 (-15.0%), from €12,111 to €10,288
of which Other amounts receivable: -€1,760
- Current investments +€1,343
new in 2025: €1,343
- Tangible fixed assets +€1,116
up €1,116 (+414%), from €270 to €1,386
of which Plant, machinery and equipment: +€1,386
- Other debts -€13,696
no longer reported in 2025 (was €13,696)
- Trade debts +€7,976
up €7,976 (+2,386%), from €334 to €8,310
of which Suppliers: +€5,404
- Profit (loss) carried forward +€1,738
up €1,738 (+35.5%), from €4,899 to €6,637
- Tax, wage and social debts -€1,194
down €1,194 (-44.6%), from €2,675 to €1,481
of which Remuneration and social security: -€1,982
- Taxes -€1,279
no longer reported in 2025 (was €1,279)
- Gross operating margin -€1,015
down €1,015 (-23.0%), from €4,412 to €3,397
- Financial charges -€775
down €775 (-82.0%), from €945 to €170
- Other operating charges +€601
up €601 (+402%), from €149 to €750
- Staff costs +€220
new in 2025: €220
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 | €31,605 | €26,429 | -€5,176 | -16.4% |
| Fixed assets | 21/28 | €270 | €1,386 | +€1,116 | +414% |
| Tangible fixed assets | 22/27 | €270 | €1,386 | +€1,116 | +414% |
| Plant, machinery and equipment | 23 | - | €1,386 | +€1,386 | |
| Furniture and vehicles | 24 | €270 | €0 | -€270 | -100% |
| Current assets | 29/58 | €31,335 | €25,043 | -€6,292 | -20.1% |
| Amounts receivable within one year | 40/41 | €12,111 | €10,288 | -€1,823 | -15.0% |
| Trade receivables | 40 | €63 | €0 | -€63 | -100% |
| Other amounts receivable | 41 | €12,048 | €10,288 | -€1,760 | -14.6% |
| Current investments | 50/53 | - | €1,343 | +€1,343 | |
| Cash at bank and in hand | 54/58 | €724 | €4,608 | +€3,883 | +536% |
| Deferred charges and accrued income | 490/1 | €18,500 | €8,804 | -€9,696 | -52.4% |
| Total equity and liabilities | 10/49 | €31,605 | €26,429 | -€5,176 | -16.4% |
| Equity | 10/15 | €14,899 | €16,637 | +€1,738 | +11.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,899 | €6,637 | +€1,738 | +35.5% |
| Amounts payable | 17/49 | €16,706 | €9,791 | -€6,914 | -41.4% |
| Amounts payable within one year | 42/48 | €16,706 | €9,791 | -€6,914 | -41.4% |
| Trade debts | 44 | €334 | €8,310 | +€7,976 | +2,386% |
| Suppliers | 440/4 | €334 | €5,738 | +€5,404 | +1,617% |
| Bills of exchange payable | 441 | - | €2,572 | +€2,572 | |
| Taxes, remuneration and social security | 45 | €2,675 | €1,481 | -€1,194 | -44.6% |
| Taxes | 450/3 | - | €788 | +€788 | |
| Remuneration and social security | 454/9 | €2,675 | €694 | -€1,982 | -74.1% |
| Other amounts payable | 47/48 | €13,696 | - | -€13,696 | |
| Remuneration, social security and pensions | 62 | - | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €518 | +€139 | +36.5% |
| Other operating charges | 640/8 | €149 | €750 | +€601 | +402% |
| Gross operating margin | 9900 | €4,412 | €3,397 | -€1,015 | -23.0% |
| Operating profit (loss) | 9901 | €3,883 | €1,909 | -€1,974 | -50.8% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100.0% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100.0% |
| Financial charges | 65/66B | €945 | €170 | -€775 | -82.0% |
| Recurring financial charges | 65 | €945 | €170 | -€775 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €2,973 | €1,738 | -€1,234 | -41.5% |
| Income taxes | 67/77 | €1,279 | - | -€1,279 | |
| Profit (loss) for the period | 9904 | €1,694 | €1,738 | +€45 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,694 | €1,738 | +€45 | +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 25 October 2026 via checked.be.