COSIMMO: 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.
COSIMMO
Largest movements
- Tangible fixed assets -€146,536
down €146,536 (-15.1%), from €973,126 to €826,590
of which Land and buildings: -€150,141
- Receivables within one year -€131,965
down €131,965 (-99.1%), from €133,109 to €1,144
of which Trade receivables: -€131,158
- Stocks and contracts -€77,614
down €77,614 (-3.7%), from €2.1m to €2.0m
- Trade debts -€207,408
down €207,408 (-44.8%), from €462,886 to €255,478
- Short-term financial debts -€99,343
down €99,343 (-17.8%), from €557,057 to €457,714
- Debts after one year -€71,734
down €71,734 (-39.2%), from €182,860 to €111,127
- Other debts +€64,387
up €64,387 (+10.5%), from €612,707 to €677,094
- Current portion of long-term debt -€36,953
down €36,953 (-35.1%), from €105,228 to €68,275
- Financial charges -€17,592
down €17,592 (-32.7%), from €53,754 to €36,162
- Gross operating margin +€11,385
up €11,385 (+4.2%), from €269,724 to €281,109
- Depreciation -€6,922
down €6,922 (-4.1%), from €167,951 to €161,029
- Taxes +€4,335
up €4,335 (+101%), from €4,301 to €8,635
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 | €3,633,162 | €3,310,564 | -€322,597 | -8.9% |
| Fixed assets | 21/28 | €1,383,126 | €1,236,590 | -€146,536 | -10.6% |
| Tangible fixed assets | 22/27 | €973,126 | €826,590 | -€146,536 | -15.1% |
| Land and buildings | 22 | €963,464 | €813,323 | -€150,141 | -15.6% |
| Plant, machinery and equipment | 23 | €9,662 | €13,267 | +€3,605 | +37.3% |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €2,250,036 | €2,073,974 | -€176,061 | -7.8% |
| Stocks and contracts in progress | 3 | €2,103,338 | €2,025,725 | -€77,614 | -3.7% |
| Stocks | 30/36 | €2,103,338 | €2,025,725 | -€77,614 | -3.7% |
| Amounts receivable within one year | 40/41 | €133,109 | €1,144 | -€131,965 | -99.1% |
| Trade receivables | 40 | €132,241 | €1,082 | -€131,158 | -99.2% |
| Other amounts receivable | 41 | €869 | €62 | -€807 | -92.9% |
| Cash at bank and in hand | 54/58 | €11,037 | €44,499 | +€33,462 | +303% |
| Deferred charges and accrued income | 490/1 | €2,551 | €2,606 | +€55 | +2.2% |
| Total equity and liabilities | 10/49 | €3,633,162 | €3,310,564 | -€322,597 | -8.9% |
| Equity | 10/15 | €757,909 | €781,977 | +€24,068 | +3.2% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €539,309 | €563,377 | +€24,068 | +4.5% |
| Distributable reserves | 133 | €539,309 | €563,377 | +€24,068 | +4.5% |
| Amounts payable | 17/49 | €2,875,252 | €2,528,587 | -€346,666 | -12.1% |
| Amounts payable after more than one year | 17 | €182,860 | €111,127 | -€71,734 | -39.2% |
| Financial debts | 170/4 | €182,860 | €111,127 | -€71,734 | -39.2% |
| Amounts payable within one year | 42/48 | €2,692,392 | €2,417,460 | -€274,932 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €105,228 | €68,275 | -€36,953 | -35.1% |
| Financial debts | 43 | €557,057 | €457,714 | -€99,343 | -17.8% |
| Credit institutions | 430/8 | €557,057 | €457,714 | -€99,343 | -17.8% |
| Trade debts | 44 | €462,886 | €255,478 | -€207,408 | -44.8% |
| Suppliers | 440/4 | €462,886 | €255,478 | -€207,408 | -44.8% |
| Advances received on contracts in progress | 46 | €953,839 | €953,839 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €675 | €5,060 | +€4,385 | +650% |
| Taxes | 450/3 | €675 | €4,310 | +€3,635 | +539% |
| Remuneration and social security | 454/9 | - | €750 | +€750 | |
| Other amounts payable | 47/48 | €612,707 | €677,094 | +€64,387 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,951 | €161,029 | -€6,922 | -4.1% |
| Other operating charges | 640/8 | €31,544 | €32,389 | +€845 | +2.7% |
| Non-recurring operating charges | 66A | - | €18,833 | +€18,833 | |
| Gross operating margin | 9900 | €269,724 | €281,109 | +€11,385 | +4.2% |
| Operating profit (loss) | 9901 | €70,229 | €68,858 | -€1,372 | -2.0% |
| Financial income | 75/76B | €190 | €8 | -€182 | -95.6% |
| Recurring financial income | 75 | €190 | €8 | -€182 | -95.6% |
| Financial charges | 65/66B | €53,754 | €36,162 | -€17,592 | -32.7% |
| Recurring financial charges | 65 | €53,754 | €36,162 | -€17,592 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €16,665 | €32,704 | +€16,038 | +96.2% |
| Income taxes | 67/77 | €4,301 | €8,635 | +€4,335 | +101% |
| Profit (loss) for the period | 9904 | €12,364 | €24,068 | +€11,704 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,364 | €24,068 | +€11,704 | +94.7% |
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.