Bill Cosman: 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.
Bill Cosman
Largest movements
- Receivables within one year +€26,729
up €26,729 (+31.2%), from €85,747 to €112,476
of which Other amounts receivable: +€22,807
- Tangible fixed assets +€13,061
up €13,061 (+325%), from €4,020 to €17,081
of which Leasing and similar rights: +€11,895
- Profit (loss) carried forward +€29,634
up €29,634 (+40.7%), from €72,846 to €102,480
- Debts after one year +€7,730
new in 2025: €7,730
- Current portion of long-term debt +€3,855
new in 2025: €3,855
- Tax, wage and social debts -€1,796
down €1,796 (-6.0%), from €29,780 to €27,984
- Gross operating margin -€17,658
down €17,658 (-32.1%), from €54,942 to €37,284
- Taxes -€4,403
down €4,403 (-27.6%), from €15,930 to €11,527
- Financial income +€3,326
up €3,326 (+149%), from €2,229 to €5,555
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 | €106,751 | €145,632 | +€38,881 | +36.4% |
| Fixed assets | 21/28 | €4,020 | €17,081 | +€13,061 | +325% |
| Tangible fixed assets | 22/27 | €4,020 | €17,081 | +€13,061 | +325% |
| Plant, machinery and equipment | 23 | €4,020 | €3,109 | -€910 | -22.6% |
| Furniture and vehicles | 24 | - | €2,076 | +€2,076 | |
| Leasing and similar rights | 25 | - | €11,895 | +€11,895 | |
| Current assets | 29/58 | €102,731 | €128,552 | +€25,821 | +25.1% |
| Amounts receivable within one year | 40/41 | €85,747 | €112,476 | +€26,729 | +31.2% |
| Trade receivables | 40 | €1,130 | €5,052 | +€3,922 | +347% |
| Other amounts receivable | 41 | €84,616 | €107,424 | +€22,807 | +27.0% |
| Cash at bank and in hand | 54/58 | €13,691 | €12,529 | -€1,162 | -8.5% |
| Deferred charges and accrued income | 490/1 | €3,294 | €3,547 | +€253 | +7.7% |
| Total equity and liabilities | 10/49 | €106,751 | €145,632 | +€38,881 | +36.4% |
| Equity | 10/15 | €75,846 | €105,480 | +€29,634 | +39.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,846 | €102,480 | +€29,634 | +40.7% |
| Amounts payable | 17/49 | €30,905 | €40,153 | +€9,247 | +29.9% |
| Amounts payable after more than one year | 17 | - | €7,730 | +€7,730 | |
| Financial debts | 170/4 | - | €7,730 | +€7,730 | |
| Amounts payable within one year | 42/48 | €30,905 | €32,422 | +€1,517 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,855 | +€3,855 | |
| Trade debts | 44 | €1,125 | €583 | -€542 | -48.2% |
| Suppliers | 440/4 | €1,125 | €583 | -€542 | -48.2% |
| Taxes, remuneration and social security | 45 | €29,780 | €27,984 | -€1,796 | -6.0% |
| Taxes | 450/3 | €29,780 | €27,984 | -€1,796 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €941 | +€408 | +76.7% |
| Other operating charges | 640/8 | €1,009 | €667 | -€341 | -33.8% |
| Gross operating margin | 9900 | €54,942 | €37,284 | -€17,658 | -32.1% |
| Operating profit (loss) | 9901 | €53,401 | €35,676 | -€17,725 | -33.2% |
| Financial income | 75/76B | €2,229 | €5,555 | +€3,326 | +149% |
| Recurring financial income | 75 | €2,229 | €5,555 | +€3,326 | +149% |
| Financial charges | 65/66B | €33 | €70 | +€38 | +116% |
| Recurring financial charges | 65 | €33 | €70 | +€38 | +116% |
| Profit (loss) for the period before taxes | 9903 | €55,598 | €41,161 | -€14,437 | -26.0% |
| Income taxes | 67/77 | €15,930 | €11,527 | -€4,403 | -27.6% |
| Profit (loss) for the period | 9904 | €39,667 | €29,634 | -€10,033 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,667 | €29,634 | -€10,033 | -25.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.