Cosmat: 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.
What changed
Cosmat
NACE 68.121, Development of residential building projects
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€96,882
2023 · -€209,990+€113,108
Equity
€2.3m
2023 · €2.4m-€96,882
Cash
€25,136
2023 · €16,754+€8,382
Balance sheet total
€5.6m
2023 · €5.6m-€76,125
Largest movements
Assets
- Tangible fixed assets -€130,555
down €130,555 (-2.5%), from €5.3m to €5.1m
of which Land and buildings: -€124,129
Equity and liabilities
- Current portion of long-term debt +€142,405
up €142,405 (+454.7%), from €31,318 to €173,723
- Trade debts -€101,906
down €101,906 (-56.1%), from €181,556 to €79,649
- Profit (loss) carried forward -€96,882
down €96,882 (-3.2%), from -€3.0m to -€3.1m
- Revaluation surpluses -€95,190
down €95,190 (-3.4%), from €2.8m to €2.7m
- Reserves +€95,190
up €95,190 (+4.6%), from €2.1m to €2.2m
Income statement
- Financial charges +€25,770
up €25,770 (+93.6%), from €27,530 to €53,301
of which Financial charges: +€21,475
- Gross operating margin -€15,658
down €15,658 (-5.0%), from €313,256 to €297,599
- Other operating charges -€12,641
down €12,641 (-13.9%), from €90,950 to €78,309
- Depreciation +€4,889
up €4,889 (+2.1%), from €237,344 to €242,233
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.
Result 2023
-€209,990
Gross operating margin
-€15,658
Depreciation
-€4,889
Other operating charges
+€12,641
Other operating items
+€146,084
Financial income
+€700
Financial charges
-€25,770
Result 2024
-€96,882
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.
From operations
+€6,082
Investment
-€111,678
Financing
+€113,978
Cash 2023
€16,754
From operations (derived)
+€6,082
Net result for the year
-€96,882
Depreciation
+€242,233
Receivables after one year
-€3,187
Receivables within one year
+€7,459
Deferred charges and accrued income
-€50,319
Trade debts
-€101,906
Tax, wage and social debts
+€1,697
Other debts
+€1,575
Accrued charges and deferred income
+€5,413
Investment (derived)
-€111,678
Investment in fixed assets (net)
-€111,678
Financing
+€113,978
Debts after one year
-€28,427
Current portion of long-term debt
+€142,405
Cash 2024
€25,136
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,649,153 | €5,573,028 | -€76,125 | -1.3% |
| Fixed assets | 21/28 | €5,267,177 | €5,136,621 | -€130,555 | -2.5% |
| Tangible fixed assets | 22/27 | €5,267,177 | €5,136,621 | -€130,555 | -2.5% |
| Land and buildings | 22 | €5,206,974 | €5,082,845 | -€124,129 | -2.4% |
| Plant, machinery and equipment | 23 | €23,909 | €20,788 | -€3,121 | -13.1% |
| Furniture and vehicles | 24 | €36,294 | €32,989 | -€3,305 | -9.1% |
| Current assets | 29/58 | €381,977 | €436,407 | +€54,430 | +14.2% |
| Amounts receivable after more than one year | 29 | €77,531 | €80,719 | +€3,187 | +4.1% |
| Other amounts receivable | 291 | €77,531 | €80,719 | +€3,187 | +4.1% |
| Amounts receivable within one year | 40/41 | €284,854 | €277,395 | -€7,459 | -2.6% |
| Trade receivables | 40 | €226,624 | €242,888 | +€16,264 | +7.2% |
| Other amounts receivable | 41 | €58,230 | €34,507 | -€23,722 | -40.7% |
| Cash at bank and in hand | 54/58 | €16,754 | €25,136 | +€8,382 | +50.0% |
| Deferred charges and accrued income | 490/1 | €2,838 | €53,157 | +€50,319 | +1773.3% |
| Total equity and liabilities | 10/49 | €5,649,153 | €5,573,028 | -€76,125 | -1.3% |
| Equity | 10/15 | €2,387,346 | €2,290,464 | -€96,882 | -4.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,816,114 | €2,720,923 | -€95,190 | -3.4% |
| Reserves | 13 | €2,066,808 | €2,161,998 | +€95,190 | +4.6% |
| Distributable reserves | 133 | €2,066,808 | €2,161,998 | +€95,190 | +4.6% |
| Profit (loss) carried forward | 14 | -€2,995,576 | -€3,092,458 | -€96,882 | -3.2% |
| Amounts payable | 17/49 | €3,261,807 | €3,282,564 | +€20,757 | +0.6% |
| Amounts payable after more than one year | 17 | €3,032,018 | €3,003,591 | -€28,427 | -0.9% |
| Financial debts | 170/4 | €3,026,498 | €2,990,916 | -€35,582 | -1.2% |
| Other amounts payable | 178/9 | €5,520 | €12,675 | +€7,155 | +129.6% |
| Amounts payable within one year | 42/48 | €225,454 | €269,225 | +€43,771 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €31,318 | €173,723 | +€142,405 | +454.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €181,556 | €79,649 | -€101,906 | -56.1% |
| Suppliers | 440/4 | €181,556 | €79,649 | -€101,906 | -56.1% |
| Taxes, remuneration and social security | 45 | €2,680 | €4,378 | +€1,697 | +63.3% |
| Taxes | 450/3 | €2,680 | €4,378 | +€1,697 | +63.3% |
| Other amounts payable | 47/48 | €9,900 | €11,475 | +€1,575 | +15.9% |
| Accrued charges and deferred income | 492/3 | €4,336 | €9,748 | +€5,413 | +124.8% |
| Non-recurring operating income | 76A | €140,351 | €0 | -€140,351 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,344 | €242,233 | +€4,889 | +2.1% |
| Other operating charges | 640/8 | €90,950 | €78,309 | -€12,641 | -13.9% |
| Non-recurring operating charges | 66A | €197,804 | €51,721 | -€146,084 | -73.9% |
| Gross operating margin | 9900 | €313,256 | €297,599 | -€15,658 | -5.0% |
| Operating profit (loss) | 9901 | -€212,841 | -€74,663 | +€138,178 | +64.9% |
| Financial income | 75/76B | €30,382 | €31,082 | +€700 | +2.3% |
| Recurring financial income | 75 | €30,382 | €31,082 | +€700 | +2.3% |
| Financial charges | 65/66B | €27,530 | €53,301 | +€25,770 | +93.6% |
| Recurring financial charges | 65 | €27,530 | €49,005 | +€21,475 | +78.0% |
| Non-recurring financial charges | 66B | - | €4,296 | +€4,296 | |
| Profit (loss) for the period before taxes | 9903 | -€209,990 | -€96,882 | +€113,108 | +53.9% |
| Profit (loss) for the period | 9904 | -€209,990 | -€96,882 | +€113,108 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,990 | -€96,882 | +€113,108 | +53.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.