COSINUS PARTNERS: what changed
Two fiscal 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.
COSINUS PARTNERS
Largest movements
- Current investments +€23,099
up €23,099 (+27.4%), from €84,214 to €107,313
- Receivables within one year -€14,255
down €14,255 (-47.9%), from €29,790 to €15,535
of which Trade receivables: -€14,364
- Cash +€7,729
up €7,729 (+24.8%), from €31,179 to €38,908
mainly Net result for the year (+€28,265) and Receivables within one year (+€14,255)
- Profit (loss) carried forward +€28,265
up €28,265 (+24.0%), from €117,681 to €145,946
- Other debts -€6,500
no longer reported in 2024 (was €6,500)
- Tax, wage and social debts -€5,299
down €5,299 (-13.6%), from €38,898 to €33,599
- Gross operating margin -€8,159
down €8,159 (-14.7%), from €55,536 to €47,377
- Taxes +€1,541
up €1,541 (+13.1%), from €11,760 to €13,301
- Financial income +€694
up €694 (+1340.2%), from €52 to €746
- Depreciation +€616
up €616 (+15.0%), from €4,114 to €4,729
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,509 | €182,545 | +€16,036 | +9.6% |
| Fixed assets | 21/28 | €18,668 | €18,003 | -€665 | -3.6% |
| Intangible fixed assets | 21 | €2,053 | €1,553 | -€500 | -24.3% |
| Tangible fixed assets | 22/27 | €16,495 | €16,329 | -€165 | -1.0% |
| Plant, machinery and equipment | 23 | €11,889 | €13,086 | +€1,197 | +10.1% |
| Furniture and vehicles | 24 | €4,606 | €3,244 | -€1,362 | -29.6% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €147,841 | €164,542 | +€16,701 | +11.3% |
| Stocks and contracts in progress | 3 | €2,266 | €2,631 | +€366 | +16.2% |
| Stocks | 30/36 | €2,266 | €2,631 | +€366 | +16.2% |
| Amounts receivable within one year | 40/41 | €29,790 | €15,535 | -€14,255 | -47.9% |
| Trade receivables | 40 | €29,790 | €15,425 | -€14,364 | -48.2% |
| Other amounts receivable | 41 | - | €110 | +€110 | |
| Current investments | 50/53 | €84,214 | €107,313 | +€23,099 | +27.4% |
| Cash at bank and in hand | 54/58 | €31,179 | €38,908 | +€7,729 | +24.8% |
| Deferred charges and accrued income | 490/1 | €393 | €155 | -€238 | -60.6% |
| Total equity and liabilities | 10/49 | €166,509 | €182,545 | +€16,036 | +9.6% |
| Equity | 10/15 | €120,681 | €148,946 | +€28,265 | +23.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,681 | €145,946 | +€28,265 | +24.0% |
| Amounts payable | 17/49 | €45,829 | €33,599 | -€12,230 | -26.7% |
| Amounts payable within one year | 42/48 | €45,579 | €33,599 | -€11,980 | -26.3% |
| Trade debts | 44 | €181 | - | -€181 | |
| Suppliers | 440/4 | €181 | - | -€181 | |
| Taxes, remuneration and social security | 45 | €38,898 | €33,599 | -€5,299 | -13.6% |
| Taxes | 450/3 | €38,898 | €33,599 | -€5,299 | -13.6% |
| Other amounts payable | 47/48 | €6,500 | - | -€6,500 | |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,114 | €4,729 | +€616 | +15.0% |
| Other operating charges | 640/8 | €1,047 | €909 | -€138 | -13.2% |
| Gross operating margin | 9900 | €55,536 | €47,377 | -€8,159 | -14.7% |
| Operating profit (loss) | 9901 | €50,376 | €41,739 | -€8,637 | -17.1% |
| Financial income | 75/76B | €52 | €746 | +€694 | +1340.2% |
| Recurring financial income | 75 | €52 | €746 | +€694 | +1340.2% |
| Financial charges | 65/66B | €1,163 | €919 | -€244 | -21.0% |
| Recurring financial charges | 65 | €1,163 | €919 | -€244 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €49,265 | €41,567 | -€7,698 | -15.6% |
| Income taxes | 67/77 | €11,760 | €13,301 | +€1,541 | +13.1% |
| Profit (loss) for the period | 9904 | €37,505 | €28,265 | -€9,240 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,505 | €28,265 | -€9,240 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.