Cosmerre: 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.
Cosmerre
Largest movements
- Cash -€44,522
down €44,522 (-40.8%), from €109,087 to €64,565
mainly Tax, wage and social debts (-€44,737) and Contributions, distributions and other (-€30,000)
- Receivables within one year -€25,794
down €25,794 (-18.7%), from €138,186 to €112,392
of which Trade receivables: -€30,736
- Tax, wage and social debts -€44,737
down €44,737 (-55.2%), from €80,982 to €36,245
of which Taxes: -€40,323
- Other debts -€20,000
down €20,000 (-20.1%), from €99,449 to €79,449
- Debts after one year -€11,034
no longer reported in 2024 (was €11,034)
- Profit (loss) carried forward +€7,298
up €7,298 (+43.2%), from €16,878 to €24,176
- Advances received -€3,500
no longer reported in 2024 (was €3,500)
- Gross operating margin -€55,924
down €55,924 (-21.2%), from €264,126 to €208,202
- Staff costs -€38,227
down €38,227 (-20.7%), from €184,869 to €146,643
- Other operating charges +€5,693
up €5,693 (+1,112%), from €512 to €6,205
- Taxes -€3,500
down €3,500 (-19.1%), from €18,316 to €14,816
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,947 | €179,937 | -€72,010 | -28.6% |
| Fixed assets | 21/28 | €4,222 | €2,980 | -€1,242 | -29.4% |
| Tangible fixed assets | 22/27 | €2,837 | €1,595 | -€1,242 | -43.8% |
| Plant, machinery and equipment | 23 | €2,837 | €1,595 | -€1,242 | -43.8% |
| Financial fixed assets | 28 | €1,385 | €1,385 | = | 0.0% |
| Current assets | 29/58 | €247,725 | €176,957 | -€70,768 | -28.6% |
| Amounts receivable within one year | 40/41 | €138,186 | €112,392 | -€25,794 | -18.7% |
| Trade receivables | 40 | €137,987 | €107,251 | -€30,736 | -22.3% |
| Other amounts receivable | 41 | €199 | €5,141 | +€4,942 | +2,489% |
| Cash at bank and in hand | 54/58 | €109,087 | €64,565 | -€44,522 | -40.8% |
| Deferred charges and accrued income | 490/1 | €452 | - | -€452 | |
| Total equity and liabilities | 10/49 | €251,947 | €179,937 | -€72,010 | -28.6% |
| Equity | 10/15 | €26,878 | €34,176 | +€7,298 | +27.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,878 | €24,176 | +€7,298 | +43.2% |
| Amounts payable | 17/49 | €225,069 | €145,761 | -€79,308 | -35.2% |
| Amounts payable after more than one year | 17 | €11,034 | - | -€11,034 | |
| Financial debts | 170/4 | €11,034 | - | -€11,034 | |
| Amounts payable within one year | 42/48 | €214,035 | €145,761 | -€68,274 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €11,528 | €11,034 | -€494 | -4.3% |
| Financial debts | 43 | €18,358 | €18,287 | -€71 | -0.4% |
| Credit institutions | 430/8 | €18,358 | €18,287 | -€71 | -0.4% |
| Trade debts | 44 | €217 | €745 | +€528 | +243% |
| Suppliers | 440/4 | €217 | €745 | +€528 | +243% |
| Advances received on contracts in progress | 46 | €3,500 | - | -€3,500 | |
| Taxes, remuneration and social security | 45 | €80,982 | €36,245 | -€44,737 | -55.2% |
| Taxes | 450/3 | €54,223 | €13,899 | -€40,323 | -74.4% |
| Remuneration and social security | 454/9 | €26,759 | €22,345 | -€4,413 | -16.5% |
| Other amounts payable | 47/48 | €99,449 | €79,449 | -€20,000 | -20.1% |
| Remuneration, social security and pensions | 62 | €184,869 | €146,643 | -€38,227 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €1,242 | = | 0.0% |
| Other operating charges | 640/8 | €512 | €6,205 | +€5,693 | +1,112% |
| Gross operating margin | 9900 | €264,126 | €208,202 | -€55,924 | -21.2% |
| Operating profit (loss) | 9901 | €77,503 | €54,112 | -€23,391 | -30.2% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €945 | €2,044 | +€1,100 | +116% |
| Recurring financial charges | 65 | €945 | €2,044 | +€1,100 | +116% |
| Profit (loss) for the period before taxes | 9903 | €76,558 | €52,114 | -€24,444 | -31.9% |
| Income taxes | 67/77 | €18,316 | €14,816 | -€3,500 | -19.1% |
| Profit (loss) for the period | 9904 | €58,243 | €37,298 | -€20,945 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,243 | €37,298 | -€20,945 | -36.0% |
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 18 October 2026 via checked.be.