COSMEDICA: what changed
What changed
COSMEDICA
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€10,897
2024 · €14,768-€3,871
Equity
€23,601
2024 · €12,703+€10,897
Cash
€44,094
2024 · €40,641+€3,454
Balance sheet total
€211,208
2024 · €174,796+€36,412
Largest movements
Assets
- Tangible fixed assets +€33,928
up €33,928 (+27.6%), from €122,961 to €156,889
of which Furniture and vehicles: +€35,186
- Cash +€3,454
up €3,454 (+8.5%), from €40,641 to €44,094
mainly Depreciation (+€53,345) and Debts after one year (+€22,902)
Equity and liabilities
- Debts after one year +€22,902
up €22,902 (+34.7%), from €65,958 to €88,860
- Reserves +€10,800
new in 2025: €10,800
- Other debts -€10,472
down €10,472 (-36.1%), from €28,988 to €18,516
- Current portion of long-term debt +€9,191
up €9,191 (+24.2%), from €38,047 to €47,238
- Trade debts +€2,679
up €2,679 (+20.8%), from €12,905 to €15,584
Income statement
- Gross operating margin +€12,478
up €12,478 (+8.1%), from €154,280 to €166,759
- Depreciation +€9,458
up €9,458 (+21.6%), from €43,887 to €53,345
- Taxes +€6,889
up €6,889 (+1,510%), from €456 to €7,346
- Other operating charges -€4,399
down €4,399 (-32.1%), from €13,712 to €9,313
- Staff costs +€2,609
up €2,609 (+3.6%), from €72,204 to €74,814
Change in the result, 2024 to 2025
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 2024
€14,768
Gross operating margin
+€12,478
Staff costs
-€2,609
Depreciation
-€9,458
Other operating charges
+€4,399
Other operating items
+€259
Financial income
+€153
Financial charges
-€2,203
Taxes
-€6,889
Result 2025
€10,897
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€58,635
Investment
-€87,273
Financing
+€32,092
Cash 2024
€40,641
From operations (derived)
+€58,635
Net result for the year
+€10,897
Depreciation
+€53,345
Receivables within one year
+€1,615
Deferred charges and accrued income
-€646
Trade debts
+€2,679
Tax, wage and social debts
-€128
Advances received
-€250
Other debts
-€10,472
Accrued charges and deferred income
+€1,593
Investment (derived)
-€87,273
Investment in fixed assets (net)
-€87,273
Financing
+€32,092
Debts after one year
+€22,902
Current portion of long-term debt
+€9,191
Cash 2025
€44,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,796 | €211,208 | +€36,412 | +20.8% |
| Fixed assets | 21/28 | €123,846 | €157,775 | +€33,928 | +27.4% |
| Tangible fixed assets | 22/27 | €122,961 | €156,889 | +€33,928 | +27.6% |
| Furniture and vehicles | 24 | €119,644 | €154,830 | +€35,186 | +29.4% |
| Other tangible fixed assets | 26 | €3,316 | €2,059 | -€1,257 | -37.9% |
| Financial fixed assets | 28 | €886 | €886 | = | 0.0% |
| Current assets | 29/58 | €50,949 | €53,433 | +€2,484 | +4.9% |
| Amounts receivable within one year | 40/41 | €7,486 | €5,870 | -€1,615 | -21.6% |
| Trade receivables | 40 | €7,486 | €250 | -€7,236 | -96.7% |
| Other amounts receivable | 41 | - | €5,620 | +€5,620 | |
| Cash at bank and in hand | 54/58 | €40,641 | €44,094 | +€3,454 | +8.5% |
| Deferred charges and accrued income | 490/1 | €2,823 | €3,469 | +€646 | +22.9% |
| Total equity and liabilities | 10/49 | €174,796 | €211,208 | +€36,412 | +20.8% |
| Equity | 10/15 | €12,703 | €23,601 | +€10,897 | +85.8% |
| Contributions | 10/11 | €12,675 | €12,675 | = | 0.0% |
| Reserves | 13 | - | €10,800 | +€10,800 | |
| Distributable reserves | 133 | - | €10,800 | +€10,800 | |
| Profit (loss) carried forward | 14 | €28 | €126 | +€97 | +341% |
| Amounts payable | 17/49 | €162,092 | €187,607 | +€25,515 | +15.7% |
| Amounts payable after more than one year | 17 | €65,958 | €88,860 | +€22,902 | +34.7% |
| Financial debts | 170/4 | €65,958 | €88,860 | +€22,902 | +34.7% |
| Amounts payable within one year | 42/48 | €94,719 | €95,739 | +€1,021 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €38,047 | €47,238 | +€9,191 | +24.2% |
| Trade debts | 44 | €12,905 | €15,584 | +€2,679 | +20.8% |
| Suppliers | 440/4 | €12,905 | €15,584 | +€2,679 | +20.8% |
| Advances received on contracts in progress | 46 | €250 | - | -€250 | |
| Taxes, remuneration and social security | 45 | €14,529 | €14,401 | -€128 | -0.9% |
| Taxes | 450/3 | €5,181 | - | -€5,181 | |
| Remuneration and social security | 454/9 | €9,348 | €14,401 | +€5,053 | +54.1% |
| Other amounts payable | 47/48 | €28,988 | €18,516 | -€10,472 | -36.1% |
| Accrued charges and deferred income | 492/3 | €1,415 | €3,008 | +€1,593 | +113% |
| Non-recurring operating income | 76A | €249 | - | -€249 | |
| Remuneration, social security and pensions | 62 | €72,204 | €74,814 | +€2,609 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,887 | €53,345 | +€9,458 | +21.6% |
| Other operating charges | 640/8 | €13,712 | €9,313 | -€4,399 | -32.1% |
| Non-recurring operating charges | 66A | €412 | €153 | -€259 | -62.8% |
| Gross operating margin | 9900 | €154,280 | €166,759 | +€12,478 | +8.1% |
| Operating profit (loss) | 9901 | €24,065 | €29,134 | +€5,069 | +21.1% |
| Financial income | 75/76B | €1 | €154 | +€153 | +13,684% |
| Recurring financial income | 75 | €1 | €154 | +€153 | +13,684% |
| Financial charges | 65/66B | €8,842 | €11,045 | +€2,203 | +24.9% |
| Recurring financial charges | 65 | €8,842 | €11,045 | +€2,203 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €15,224 | €18,243 | +€3,019 | +19.8% |
| Income taxes | 67/77 | €456 | €7,346 | +€6,889 | +1,510% |
| Profit (loss) for the period | 9904 | €14,768 | €10,897 | -€3,871 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,768 | €10,897 | -€3,871 | -26.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.