COSIMO: 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.
COSIMO
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+494%), from €426,135 to €2.5m
of which Other amounts receivable: +€2.2m
- Cash -€293,953
down €293,953 (-98.2%), from €299,343 to €5,390
mainly Receivables within one year (-€2.1m)
- Stocks and contracts -€239,702
down €239,702 (-51.0%), from €469,652 to €229,950
- Profit (loss) carried forward +€1.2m
up €1.2m (+124%), from €927,984 to €2.1m
- Tax, wage and social debts +€412,040
up €412,040 (+231%), from €178,484 to €590,524
- Gross operating margin +€904,510
up €904,510 (+152%), from €594,574 to €1.5m
- Taxes +€286,710
up €286,710 (+189%), from €151,791 to €438,502
- Financial income +€78,961
up €78,961 (+566%), from €13,947 to €92,908
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 | €1,195,130 | €2,767,183 | +€1.6m | +132% |
| Current assets | 29/58 | €1,195,130 | €2,767,183 | +€1.6m | +132% |
| Stocks and contracts in progress | 3 | €469,652 | €229,950 | -€239,702 | -51.0% |
| Stocks | 30/36 | €469,652 | €229,950 | -€239,702 | -51.0% |
| Amounts receivable within one year | 40/41 | €426,135 | €2,531,843 | +€2.1m | +494% |
| Trade receivables | 40 | €137,200 | €0 | -€137,200 | -100% |
| Other amounts receivable | 41 | €288,935 | €2,531,843 | +€2.2m | +776% |
| Cash at bank and in hand | 54/58 | €299,343 | €5,390 | -€293,953 | -98.2% |
| Total equity and liabilities | 10/49 | €1,195,130 | €2,767,183 | +€1.6m | +132% |
| Equity | 10/15 | €1,012,046 | €2,165,375 | +€1.2m | +114% |
| Contributions | 10/11 | €76,420 | €76,420 | = | 0.0% |
| Capital | 10 | €76,420 | €76,420 | = | 0.0% |
| Issued capital | 100 | €76,420 | €76,420 | = | 0.0% |
| Reserves | 13 | €7,642 | €7,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,642 | €7,642 | = | 0.0% |
| Legal reserve | 130 | €7,642 | €7,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €927,984 | €2,081,313 | +€1.2m | +124% |
| Amounts payable | 17/49 | €183,084 | €601,808 | +€418,724 | +229% |
| Amounts payable within one year | 42/48 | €183,084 | €601,808 | +€418,724 | +229% |
| Trade debts | 44 | €4,600 | €11,284 | +€6,684 | +145% |
| Suppliers | 440/4 | €4,600 | €11,284 | +€6,684 | +145% |
| Taxes, remuneration and social security | 45 | €178,484 | €590,524 | +€412,040 | +231% |
| Taxes | 450/3 | €178,484 | €590,524 | +€412,040 | +231% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €594,574 | €1,499,085 | +€904,510 | +152% |
| Operating profit (loss) | 9901 | €594,574 | €1,499,085 | +€904,510 | +152% |
| Financial income | 75/76B | €13,947 | €92,908 | +€78,961 | +566% |
| Recurring financial income | 75 | €13,947 | €92,908 | +€78,961 | +566% |
| Financial charges | 65/66B | €432 | €163 | -€269 | -62.4% |
| Recurring financial charges | 65 | €432 | €163 | -€269 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €608,090 | €1,591,830 | +€983,741 | +162% |
| Income taxes | 67/77 | €151,791 | €438,502 | +€286,710 | +189% |
| Profit (loss) for the period | 9904 | €456,298 | €1,153,329 | +€697,030 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €456,298 | €1,153,329 | +€697,030 | +153% |
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.