COSMETICARY: what changed
COSMETICARY
Largest movements
- Tangible fixed assets +€56,933
up €56,933 (+115%), from €49,451 to €106,384
of which Other tangible fixed assets: +€61,121
- Stocks and contracts +€56,491
up €56,491 (+17.7%), from €319,762 to €376,253
- Cash +€18,451
up €18,451 (+81.8%), from €22,549 to €41,000
mainly Debts after one year (+€166,305) and Current portion of long-term debt (+€70,009)
- Deferred charges and accrued income +€8,539
up €8,539 (+578%), from €1,478 to €10,016
- Receivables within one year -€6,072
down €6,072 (-13.2%), from €46,013 to €39,941
of which Other amounts receivable: -€9,886
- Debts after one year +€166,305
up €166,305 (+212%), from €78,292 to €244,596
- Current portion of long-term debt +€70,009
up €70,009 (+190%), from €36,879 to €106,888
- Trade debts -€63,299
down €63,299 (-47.3%), from €133,729 to €70,430
- Profit (loss) carried forward -€30,223
down €30,223 (-31.1%), from -€97,127 to -€127,349
- Tax, wage and social debts -€5,902
down €5,902 (-7.0%), from €83,884 to €77,982
of which Taxes: -€9,042
- Gross operating margin +€85,295
up €85,295 (+30.2%), from €282,226 to €367,521
- Staff costs +€58,060
up €58,060 (+20.2%), from €286,941 to €345,002
- Write-downs +€26,095
no longer reported in 2025 (was -€26,095)
- Financial charges +€10,008
up €10,008 (+55.0%), from €18,200 to €28,209
- Depreciation +€6,942
up €6,942 (+41.2%), from €16,851 to €23,793
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,057 | €581,129 | +€134,072 | +30.0% |
| Fixed assets | 21/28 | €57,255 | €113,918 | +€56,663 | +99.0% |
| Intangible fixed assets | 21 | €1,455 | €690 | -€765 | -52.6% |
| Tangible fixed assets | 22/27 | €49,451 | €106,384 | +€56,933 | +115% |
| Plant, machinery and equipment | 23 | €12,350 | €15,829 | +€3,479 | +28.2% |
| Furniture and vehicles | 24 | €15,987 | €8,319 | -€7,667 | -48.0% |
| Other tangible fixed assets | 26 | €21,114 | €82,235 | +€61,121 | +289% |
| Financial fixed assets | 28 | €6,350 | €6,845 | +€495 | +7.8% |
| Current assets | 29/58 | €389,802 | €467,210 | +€77,409 | +19.9% |
| Stocks and contracts in progress | 3 | €319,762 | €376,253 | +€56,491 | +17.7% |
| Stocks | 30/36 | €319,762 | €376,253 | +€56,491 | +17.7% |
| Amounts receivable within one year | 40/41 | €46,013 | €39,941 | -€6,072 | -13.2% |
| Trade receivables | 40 | - | €3,815 | +€3,815 | |
| Other amounts receivable | 41 | €46,013 | €36,127 | -€9,886 | -21.5% |
| Cash at bank and in hand | 54/58 | €22,549 | €41,000 | +€18,451 | +81.8% |
| Deferred charges and accrued income | 490/1 | €1,478 | €10,016 | +€8,539 | +578% |
| Total equity and liabilities | 10/49 | €447,057 | €581,129 | +€134,072 | +30.0% |
| Equity | 10/15 | €87,873 | €57,651 | -€30,223 | -34.4% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Capital | 10 | €185,000 | €185,000 | = | 0.0% |
| Issued capital | 100 | €185,000 | €185,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,127 | -€127,349 | -€30,223 | -31.1% |
| Amounts payable | 17/49 | €359,184 | €523,478 | +€164,294 | +45.7% |
| Amounts payable after more than one year | 17 | €78,292 | €244,596 | +€166,305 | +212% |
| Financial debts | 170/4 | €78,292 | €244,596 | +€166,305 | +212% |
| Amounts payable within one year | 42/48 | €280,892 | €278,881 | -€2,010 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €36,879 | €106,888 | +€70,009 | +190% |
| Financial debts | 43 | €20,881 | €18,131 | -€2,750 | -13.2% |
| Credit institutions | 430/8 | €20,881 | €18,131 | -€2,750 | -13.2% |
| Trade debts | 44 | €133,729 | €70,430 | -€63,299 | -47.3% |
| Suppliers | 440/4 | €133,729 | €70,430 | -€63,299 | -47.3% |
| Taxes, remuneration and social security | 45 | €83,884 | €77,982 | -€5,902 | -7.0% |
| Taxes | 450/3 | €56,022 | €46,980 | -€9,042 | -16.1% |
| Remuneration and social security | 454/9 | €27,862 | €31,003 | +€3,141 | +11.3% |
| Other amounts payable | 47/48 | €5,520 | €5,451 | -€69 | -1.2% |
| Non-recurring operating income | 76A | €1,998 | - | -€1,998 | |
| Remuneration, social security and pensions | 62 | €286,941 | €345,002 | +€58,060 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,851 | €23,793 | +€6,942 | +41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,095 | - | +€26,095 | |
| Other operating charges | 640/8 | €2,053 | €1,547 | -€506 | -24.6% |
| Gross operating margin | 9900 | €282,226 | €367,521 | +€85,295 | +30.2% |
| Operating profit (loss) | 9901 | €2,475 | -€2,822 | -€5,296 | |
| Financial income | 75/76B | €570 | €1,058 | +€488 | +85.5% |
| Recurring financial income | 75 | €570 | €1,058 | +€488 | +85.5% |
| Financial charges | 65/66B | €18,200 | €28,209 | +€10,008 | +55.0% |
| Recurring financial charges | 65 | €18,200 | €28,209 | +€10,008 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,155 | -€29,972 | -€14,817 | -97.8% |
| Income taxes | 67/77 | -€219 | €251 | +€469 | |
| Profit (loss) for the period | 9904 | -€14,937 | -€30,223 | -€15,286 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,937 | -€30,223 | -€15,286 | -102% |
Next steps
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 4 November 2026 via checked.be.