Cosmephar: 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.
Cosmephar
Largest movements
- Intangible fixed assets +€250,000
new in 2025: €250,000
- Stocks and contracts +€67,327
new in 2025: €67,327
- Receivables within one year +€29,645
up €29,645 (+21.5%), from €137,754 to €167,399
of which Other amounts receivable: +€24,874
- Cash +€15,295
up €15,295 (+358%), from €4,275 to €19,570
mainly Debts after one year (+€229,771) and Trade debts (+€92,588)
- Tangible fixed assets -€13,472
down €13,472 (-19.2%), from €70,183 to €56,710
of which Land and buildings: -€11,913
- Debts after one year +€229,771
up €229,771 (+548%), from €41,944 to €271,715
of which Trade debts: +€150,000
- Trade debts +€92,588
up €92,588 (+146%), from €63,627 to €156,214
- Current portion of long-term debt +€15,313
up €15,313 (+120%), from €12,788 to €28,100
- Reserves +€14,566
up €14,566 (+17.6%), from €82,570 to €97,137
of which Distributable reserves: +€14,566
- Gross operating margin +€54,558
up €54,558 (+163%), from €33,427 to €87,984
- Depreciation +€45,908
up €45,908 (+261%), from €17,564 to €63,472
- Financial charges +€6,397
up €6,397 (+280%), from €2,285 to €8,682
- Other operating charges -€2,178
down €2,178 (-74.9%), from €2,906 to €728
- Staff costs +€1,847
new in 2025: €1,847
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 | €212,212 | €561,007 | +€348,795 | +164% |
| Fixed assets | 21/28 | €70,183 | €306,710 | +€236,528 | +337% |
| Intangible fixed assets | 21 | - | €250,000 | +€250,000 | |
| Tangible fixed assets | 22/27 | €70,183 | €56,710 | -€13,472 | -19.2% |
| Land and buildings | 22 | €65,945 | €54,032 | -€11,913 | -18.1% |
| Plant, machinery and equipment | 23 | €1,577 | €1,156 | -€420 | -26.7% |
| Furniture and vehicles | 24 | €2,662 | €1,523 | -€1,139 | -42.8% |
| Current assets | 29/58 | €142,029 | €254,296 | +€112,267 | +79.0% |
| Stocks and contracts in progress | 3 | - | €67,327 | +€67,327 | |
| Stocks | 30/36 | - | €67,327 | +€67,327 | |
| Amounts receivable within one year | 40/41 | €137,754 | €167,399 | +€29,645 | +21.5% |
| Trade receivables | 40 | €11,312 | €16,083 | +€4,771 | +42.2% |
| Other amounts receivable | 41 | €126,442 | €151,316 | +€24,874 | +19.7% |
| Cash at bank and in hand | 54/58 | €4,275 | €19,570 | +€15,295 | +358% |
| Total equity and liabilities | 10/49 | €212,212 | €561,007 | +€348,795 | +164% |
| Equity | 10/15 | €88,770 | €103,337 | +€14,566 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,570 | €97,137 | +€14,566 | +17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,710 | €95,277 | +€14,566 | +18.0% |
| Amounts payable | 17/49 | €123,441 | €457,670 | +€334,229 | +271% |
| Amounts payable after more than one year | 17 | €41,944 | €271,715 | +€229,771 | +548% |
| Financial debts | 170/4 | €41,944 | €121,715 | +€79,771 | +190% |
| Trade debts | 175 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €81,497 | €185,955 | +€104,458 | +128% |
| Current portion of amounts payable after more than one year | 42 | €12,788 | €28,100 | +€15,313 | +120% |
| Trade debts | 44 | €63,627 | €156,214 | +€92,588 | +146% |
| Suppliers | 440/4 | €63,627 | €156,214 | +€92,588 | +146% |
| Taxes, remuneration and social security | 45 | €3,943 | €500 | -€3,443 | -87.3% |
| Taxes | 450/3 | €3,943 | €500 | -€3,443 | -87.3% |
| Other amounts payable | 47/48 | €1,140 | €1,140 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,847 | +€1,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,564 | €63,472 | +€45,908 | +261% |
| Other operating charges | 640/8 | €2,906 | €728 | -€2,178 | -74.9% |
| Gross operating margin | 9900 | €33,427 | €87,984 | +€54,558 | +163% |
| Operating profit (loss) | 9901 | €12,957 | €21,937 | +€8,980 | +69.3% |
| Financial income | 75/76B | €6,643 | €8,345 | +€1,701 | +25.6% |
| Recurring financial income | 75 | €6,643 | €8,345 | +€1,701 | +25.6% |
| Financial charges | 65/66B | €2,285 | €8,682 | +€6,397 | +280% |
| Recurring financial charges | 65 | €2,285 | €8,682 | +€6,397 | +280% |
| Profit (loss) for the period before taxes | 9903 | €17,315 | €21,599 | +€4,284 | +24.7% |
| Income taxes | 67/77 | €6,079 | €7,033 | +€954 | +15.7% |
| Profit (loss) for the period | 9904 | €11,236 | €14,566 | +€3,331 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,236 | €14,566 | +€3,331 | +29.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.