COSMAI 78: what changed
What changed
COSMAI 78
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€12,383
2025 · €24,437-€12,054
Equity
€149,915
2025 · €137,532+€12,383
Cash
€109,076
2025 · €93,021+€16,055
Balance sheet total
€357,196
2025 · €360,604-€3,408
Largest movements
Assets
- Tangible fixed assets -€18,538
down €18,538 (-7.2%), from €258,435 to €239,897
of which Land and buildings: -€16,119
- Cash +€16,055
up €16,055 (+17.3%), from €93,021 to €109,076
mainly Depreciation (+€21,038) and Net result for the year (+€12,383)
Equity and liabilities
- Reserves +€12,000
up €12,000 (+20.0%), from €59,874 to €71,874
- Current portion of long-term debt -€9,675
down €9,675 (-47.4%), from €20,417 to €10,743
- Debts after one year -€7,193
down €7,193 (-4.2%), from €172,759 to €165,566
Income statement
- Gross operating margin -€39,756
down €39,756 (-23.9%), from €166,629 to €126,873
- Staff costs -€29,859
down €29,859 (-28.7%), from €104,076 to €74,217
- Taxes +€5,728
up €5,728 (+211%), from €2,713 to €8,442
- Depreciation -€3,252
down €3,252 (-13.4%), from €24,290 to €21,038
- Financial charges -€1,948
down €1,948 (-18.2%), from €10,730 to €8,782
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€24,437
Gross operating margin
-€39,756
Staff costs
+€29,859
Depreciation
+€3,252
Other operating charges
-€1,727
Financial income
+€98
Financial charges
+€1,948
Taxes
-€5,728
Result 2026
€12,383
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,922
Investment
€0
Financing
-€16,867
Cash 2025
€93,021
From operations (derived)
+€32,922
Net result for the year
+€12,383
Depreciation
+€21,038
Stocks and contracts
+€40
Receivables within one year
+€81
Deferred charges and accrued income
-€1,695
Trade debts
+€563
Tax, wage and social debts
+€1,084
Other debts
-€571
Financing
-€16,867
Debts after one year
-€7,193
Current portion of long-term debt
-€9,675
Cash 2026
€109,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,604 | €357,196 | -€3,408 | -0.9% |
| Fixed assets | 21/28 | €261,055 | €240,017 | -€21,038 | -8.1% |
| Intangible fixed assets | 21 | €2,500 | - | -€2,500 | |
| Tangible fixed assets | 22/27 | €258,435 | €239,897 | -€18,538 | -7.2% |
| Land and buildings | 22 | €251,058 | €234,939 | -€16,119 | -6.4% |
| Plant, machinery and equipment | 23 | €1,568 | €536 | -€1,032 | -65.8% |
| Furniture and vehicles | 24 | €5,809 | €4,422 | -€1,387 | -23.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €99,549 | €117,179 | +€17,630 | +17.7% |
| Stocks and contracts in progress | 3 | €4,028 | €3,989 | -€40 | -1.0% |
| Stocks | 30/36 | €4,028 | €3,989 | -€40 | -1.0% |
| Amounts receivable within one year | 40/41 | €216 | €135 | -€81 | -37.5% |
| Other amounts receivable | 41 | €216 | €135 | -€81 | -37.5% |
| Cash at bank and in hand | 54/58 | €93,021 | €109,076 | +€16,055 | +17.3% |
| Deferred charges and accrued income | 490/1 | €2,284 | €3,979 | +€1,695 | +74.2% |
| Total equity and liabilities | 10/49 | €360,604 | €357,196 | -€3,408 | -0.9% |
| Equity | 10/15 | €137,532 | €149,915 | +€12,383 | +9.0% |
| Contributions | 10/11 | €18,737 | €18,737 | = | 0.0% |
| Contributions outside capital | 11 | €18,737 | €18,737 | = | 0.0% |
| Other | 1109/19 | €18,737 | €18,737 | = | 0.0% |
| Revaluation surpluses | 12 | €6,962 | €6,962 | = | 0.0% |
| Reserves | 13 | €59,874 | €71,874 | +€12,000 | +20.0% |
| Distributable reserves | 133 | €59,874 | €71,874 | +€12,000 | +20.0% |
| Profit (loss) carried forward | 14 | €51,959 | €52,342 | +€383 | +0.7% |
| Amounts payable | 17/49 | €223,073 | €207,281 | -€15,791 | -7.1% |
| Amounts payable after more than one year | 17 | €172,759 | €165,566 | -€7,193 | -4.2% |
| Financial debts | 170/4 | €172,759 | €165,566 | -€7,193 | -4.2% |
| Amounts payable within one year | 42/48 | €50,314 | €41,715 | -€8,598 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €20,417 | €10,743 | -€9,675 | -47.4% |
| Trade debts | 44 | €6,291 | €6,854 | +€563 | +9.0% |
| Suppliers | 440/4 | €6,291 | €6,854 | +€563 | +9.0% |
| Taxes, remuneration and social security | 45 | €22,754 | €23,838 | +€1,084 | +4.8% |
| Taxes | 450/3 | €14,803 | €16,599 | +€1,796 | +12.1% |
| Remuneration and social security | 454/9 | €7,951 | €7,239 | -€712 | -9.0% |
| Other amounts payable | 47/48 | €851 | €280 | -€571 | -67.1% |
| Remuneration, social security and pensions | 62 | €104,076 | €74,217 | -€29,859 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,290 | €21,038 | -€3,252 | -13.4% |
| Other operating charges | 640/8 | €387 | €2,114 | +€1,727 | +446% |
| Gross operating margin | 9900 | €166,629 | €126,873 | -€39,756 | -23.9% |
| Operating profit (loss) | 9901 | €37,876 | €29,504 | -€8,372 | -22.1% |
| Financial income | 75/76B | €5 | €104 | +€98 | +1,906% |
| Recurring financial income | 75 | €5 | €104 | +€98 | +1,906% |
| Financial charges | 65/66B | €10,730 | €8,782 | -€1,948 | -18.2% |
| Recurring financial charges | 65 | €10,730 | €8,782 | -€1,948 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €27,151 | €20,825 | -€6,326 | -23.3% |
| Income taxes | 67/77 | €2,713 | €8,442 | +€5,728 | +211% |
| Profit (loss) for the period | 9904 | €24,437 | €12,383 | -€12,054 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,437 | €12,383 | -€12,054 | -49.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.