COSMA Partners: 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.
COSMA Partners
Largest movements
- Financial fixed assets -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€21,332
up €21,332 (+25.5%), from €83,783 to €105,114
mainly Net result for the year (+€72,995) and Investment in fixed assets (net) (+€50,000)
- Receivables after one year -€13,469
down €13,469 (-93.5%), from €14,400 to €932
- Receivables within one year +€6,131
up €6,131 (+25.2%), from €24,335 to €30,467
- Other debts -€40,263
down €40,263 (-30.2%), from €133,355 to €93,092
- Trade debts +€4,987
up €4,987 (+859%), from €580 to €5,567
- Gross operating margin +€34,740
up €34,740 (+58.5%), from €59,375 to €94,115
- Taxes +€8,039
up €8,039 (+66.3%), from €12,124 to €20,163
- Depreciation -€2,965
down €2,965 (-83.0%), from €3,570 to €606
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 | €173,665 | €137,579 | -€36,086 | -20.8% |
| Fixed assets | 21/28 | €50,606 | - | -€50,606 | |
| Tangible fixed assets | 22/27 | €606 | - | -€606 | |
| Furniture and vehicles | 24 | €606 | - | -€606 | |
| Financial fixed assets | 28 | €50,000 | - | -€50,000 | |
| Current assets | 29/58 | €123,059 | €137,579 | +€14,520 | +11.8% |
| Amounts receivable after more than one year | 29 | €14,400 | €932 | -€13,469 | -93.5% |
| Other amounts receivable | 291 | €14,400 | €932 | -€13,469 | -93.5% |
| Amounts receivable within one year | 40/41 | €24,335 | €30,467 | +€6,131 | +25.2% |
| Trade receivables | 40 | €24,335 | €30,467 | +€6,131 | +25.2% |
| Cash at bank and in hand | 54/58 | €83,783 | €105,114 | +€21,332 | +25.5% |
| Deferred charges and accrued income | 490/1 | €541 | €1,067 | +€526 | +97.1% |
| Total equity and liabilities | 10/49 | €173,665 | €137,579 | -€36,086 | -20.8% |
| Equity | 10/15 | €1,500 | €1,500 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €172,165 | €136,079 | -€36,086 | -21.0% |
| Amounts payable within one year | 42/48 | €172,165 | €136,079 | -€36,086 | -21.0% |
| Trade debts | 44 | €580 | €5,567 | +€4,987 | +859% |
| Suppliers | 440/4 | €580 | €5,567 | +€4,987 | +859% |
| Taxes, remuneration and social security | 45 | €38,229 | €37,419 | -€809 | -2.1% |
| Taxes | 450/3 | €38,229 | €37,419 | -€809 | -2.1% |
| Other amounts payable | 47/48 | €133,355 | €93,092 | -€40,263 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,570 | €606 | -€2,965 | -83.0% |
| Other operating charges | 640/8 | €387 | €926 | +€538 | +139% |
| Gross operating margin | 9900 | €59,375 | €94,115 | +€34,740 | +58.5% |
| Operating profit (loss) | 9901 | €55,417 | €92,583 | +€37,166 | +67.1% |
| Financial income | 75/76B | €1,131 | €1,105 | -€26 | -2.3% |
| Recurring financial income | 75 | €1,131 | €1,105 | -€26 | -2.3% |
| Financial charges | 65/66B | €450 | €530 | +€80 | +17.7% |
| Recurring financial charges | 65 | €450 | €530 | +€80 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €56,097 | €93,158 | +€37,061 | +66.1% |
| Income taxes | 67/77 | €12,124 | €20,163 | +€8,039 | +66.3% |
| Profit (loss) for the period | 9904 | €43,973 | €72,995 | +€29,022 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,973 | €72,995 | +€29,022 | +66.0% |
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 17 October 2026 via checked.be.