COSMEX: 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.
COSMEX
Largest movements
- Stocks and contracts +€499,419
up €499,419 (+54.3%), from €920,416 to €1.4m
- Receivables within one year +€479,753
up €479,753 (+26.1%), from €1.8m to €2.3m
of which Trade receivables: +€504,281
- Cash -€200,666
down €200,666 (-38.8%), from €517,384 to €316,718
mainly Stocks and contracts (-€499,419) and Receivables within one year (-€479,753)
- Financial fixed assets +€145,000
up €145,000 (+10357.1%), from €1,400 to €146,400
- Deferred charges and accrued income +€139,398
new in 2024: €139,398
- Trade debts +€850,568
up €850,568 (+31.9%), from €2.7m to €3.5m
- Short-term financial debts +€295,907
up €295,907 (+26926.3%), from €1,099 to €297,006
- Debts after one year -€221,644
down €221,644 (-32.1%), from €689,819 to €468,175
- Other debts +€147,063
new in 2024: €147,063
- Gross operating margin +€218,576
up €218,576 (+25.7%), from €850,311 to €1.1m
- Staff costs +€185,257
up €185,257 (+30.2%), from €612,752 to €798,009
- Depreciation +€39,245
up €39,245 (+24.6%), from €159,309 to €198,554
- Financial charges +€13,105
up €13,105 (+55.1%), from €23,769 to €36,874
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,148,152 | €5,199,109 | +€1.1m | +25.3% |
| Fixed assets | 21/28 | €874,834 | €1,007,887 | +€133,053 | +15.2% |
| Intangible fixed assets | 21 | €451,891 | €339,253 | -€112,638 | -24.9% |
| Tangible fixed assets | 22/27 | €421,543 | €522,234 | +€100,691 | +23.9% |
| Land and buildings | 22 | €285,788 | €277,193 | -€8,595 | -3.0% |
| Plant, machinery and equipment | 23 | €24,067 | €135,909 | +€111,842 | +464.7% |
| Furniture and vehicles | 24 | €111,688 | €109,132 | -€2,556 | -2.3% |
| Financial fixed assets | 28 | €1,400 | €146,400 | +€145,000 | +10357.1% |
| Current assets | 29/58 | €3,273,319 | €4,191,222 | +€917,903 | +28.0% |
| Stocks and contracts in progress | 3 | €920,416 | €1,419,834 | +€499,419 | +54.3% |
| Stocks | 30/36 | €920,416 | €1,419,834 | +€499,419 | +54.3% |
| Amounts receivable within one year | 40/41 | €1,835,519 | €2,315,271 | +€479,753 | +26.1% |
| Trade receivables | 40 | €1,724,835 | €2,229,116 | +€504,281 | +29.2% |
| Other amounts receivable | 41 | €110,684 | €86,156 | -€24,528 | -22.2% |
| Cash at bank and in hand | 54/58 | €517,384 | €316,718 | -€200,666 | -38.8% |
| Deferred charges and accrued income | 490/1 | - | €139,398 | +€139,398 | |
| Total equity and liabilities | 10/49 | €4,148,152 | €5,199,109 | +€1.1m | +25.3% |
| Equity | 10/15 | €398,138 | €403,524 | +€5,386 | +1.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,138 | €303,524 | +€5,386 | +1.8% |
| Amounts payable | 17/49 | €3,750,014 | €4,795,584 | +€1.0m | +27.9% |
| Amounts payable after more than one year | 17 | €689,819 | €468,175 | -€221,644 | -32.1% |
| Financial debts | 170/4 | €689,819 | €468,175 | -€221,644 | -32.1% |
| Amounts payable within one year | 42/48 | €3,020,339 | €4,299,225 | +€1.3m | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €258,080 | €221,644 | -€36,437 | -14.1% |
| Financial debts | 43 | €1,099 | €297,006 | +€295,907 | +26926.3% |
| Credit institutions | 430/8 | €1,099 | €297,006 | +€295,907 | +26926.3% |
| Trade debts | 44 | €2,666,205 | €3,516,773 | +€850,568 | +31.9% |
| Suppliers | 440/4 | €2,666,205 | €3,516,773 | +€850,568 | +31.9% |
| Taxes, remuneration and social security | 45 | €94,954 | €116,740 | +€21,786 | +22.9% |
| Taxes | 450/3 | €19,451 | €25,041 | +€5,590 | +28.7% |
| Remuneration and social security | 454/9 | €75,504 | €91,699 | +€16,195 | +21.4% |
| Other amounts payable | 47/48 | - | €147,063 | +€147,063 | |
| Accrued charges and deferred income | 492/3 | €39,857 | €28,184 | -€11,673 | -29.3% |
| Remuneration, social security and pensions | 62 | €612,752 | €798,009 | +€185,257 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,309 | €198,554 | +€39,245 | +24.6% |
| Other operating charges | 640/8 | €11,509 | €5,598 | -€5,911 | -51.4% |
| Gross operating margin | 9900 | €850,311 | €1,068,886 | +€218,576 | +25.7% |
| Operating profit (loss) | 9901 | €66,740 | €66,725 | -€15 | 0.0% |
| Financial income | 75/76B | €1,248 | €573 | -€675 | -54.1% |
| Recurring financial income | 75 | €1,248 | €573 | -€675 | -54.1% |
| Financial charges | 65/66B | €23,769 | €36,874 | +€13,105 | +55.1% |
| Recurring financial charges | 65 | €23,769 | €36,874 | +€13,105 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €44,219 | €30,424 | -€13,795 | -31.2% |
| Income taxes | 67/77 | €19,448 | €25,039 | +€5,590 | +28.7% |
| Profit (loss) for the period | 9904 | €24,771 | €5,386 | -€19,385 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,771 | €5,386 | -€19,385 | -78.3% |
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.