COSMIC BD: 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.
COSMIC BD
Largest movements
- Receivables within one year +€15,305
up €15,305 (+833%), from €1,836 to €17,142
of which Trade receivables: +€8,034
- Tangible fixed assets -€5,100
down €5,100 (-36.2%), from €14,077 to €8,977
of which Furniture and vehicles: -€4,827
- Cash -€2,706
down €2,706 (-25.4%), from €10,670 to €7,965
mainly Receivables within one year (-€15,305) and Debts after one year (-€5,362)
- Trade debts +€14,494
up €14,494 (+43.8%), from €33,087 to €47,582
- Reserves +€9,479
up €9,479 (+55.2%), from €17,174 to €26,653
- Debts after one year -€5,362
down €5,362 (-6.6%), from €80,820 to €75,457
of which Financial debts: -€5,048
- Short-term financial debts -€5,085
down €5,085 (-66.1%), from €7,695 to €2,609
- Current portion of long-term debt -€3,450
down €3,450 (-40.6%), from €8,497 to €5,048
- Staff costs +€13,561
up €13,561 (+116%), from €11,694 to €25,254
- Gross operating margin +€6,560
up €6,560 (+15.1%), from €43,432 to €49,992
- Taxes -€3,448
down €3,448 (-68.1%), from €5,060 to €1,612
- Depreciation -€1,731
down €1,731 (-25.3%), from €6,831 to €5,100
- Other operating charges +€592
up €592 (+141%), from €420 to €1,012
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 | €159,688 | €167,283 | +€7,595 | +4.8% |
| Fixed assets | 21/28 | €14,257 | €9,157 | -€5,100 | -35.8% |
| Tangible fixed assets | 22/27 | €14,077 | €8,977 | -€5,100 | -36.2% |
| Plant, machinery and equipment | 23 | €852 | €579 | -€273 | -32.0% |
| Furniture and vehicles | 24 | €13,225 | €8,398 | -€4,827 | -36.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €145,431 | €158,126 | +€12,695 | +8.7% |
| Stocks and contracts in progress | 3 | €130,413 | €129,676 | -€737 | -0.6% |
| Stocks | 30/36 | €130,413 | €129,676 | -€737 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,836 | €17,142 | +€15,305 | +833% |
| Trade receivables | 40 | €1,836 | €9,870 | +€8,034 | +437% |
| Other amounts receivable | 41 | - | €7,271 | +€7,271 | |
| Cash at bank and in hand | 54/58 | €10,670 | €7,965 | -€2,706 | -25.4% |
| Deferred charges and accrued income | 490/1 | €2,512 | €3,344 | +€833 | +33.1% |
| Total equity and liabilities | 10/49 | €159,688 | €167,283 | +€7,595 | +4.8% |
| Equity | 10/15 | €20,174 | €29,653 | +€9,479 | +47.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,174 | €26,653 | +€9,479 | +55.2% |
| Distributable reserves | 133 | €17,174 | €26,653 | +€9,479 | +55.2% |
| Amounts payable | 17/49 | €139,514 | €137,630 | -€1,884 | -1.4% |
| Amounts payable after more than one year | 17 | €80,820 | €75,457 | -€5,362 | -6.6% |
| Financial debts | 170/4 | €7,557 | €2,509 | -€5,048 | -66.8% |
| Other amounts payable | 178/9 | €73,262 | €72,948 | -€314 | -0.4% |
| Amounts payable within one year | 42/48 | €58,298 | €62,173 | +€3,875 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €8,497 | €5,048 | -€3,450 | -40.6% |
| Financial debts | 43 | €7,695 | €2,609 | -€5,085 | -66.1% |
| Credit institutions | 430/8 | €7,695 | €2,609 | -€5,085 | -66.1% |
| Trade debts | 44 | €33,087 | €47,582 | +€14,494 | +43.8% |
| Suppliers | 440/4 | €33,087 | €47,582 | +€14,494 | +43.8% |
| Taxes, remuneration and social security | 45 | €9,018 | €6,934 | -€2,085 | -23.1% |
| Taxes | 450/3 | €7,456 | €4,889 | -€2,566 | -34.4% |
| Remuneration and social security | 454/9 | €1,563 | €2,044 | +€482 | +30.8% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Non-recurring operating income | 76A | - | €5,075 | +€5,075 | |
| Remuneration, social security and pensions | 62 | €11,694 | €25,254 | +€13,561 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,831 | €5,100 | -€1,731 | -25.3% |
| Other operating charges | 640/8 | €420 | €1,012 | +€592 | +141% |
| Non-recurring operating charges | 66A | - | €5,075 | +€5,075 | |
| Gross operating margin | 9900 | €43,432 | €49,992 | +€6,560 | +15.1% |
| Operating profit (loss) | 9901 | €24,488 | €13,551 | -€10,937 | -44.7% |
| Financial income | 75/76B | €0 | €70 | +€70 | +46,587% |
| Recurring financial income | 75 | €0 | €70 | +€70 | +46,587% |
| Financial charges | 65/66B | €2,617 | €2,530 | -€87 | -3.3% |
| Recurring financial charges | 65 | €2,617 | €2,530 | -€87 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €21,871 | €11,091 | -€10,780 | -49.3% |
| Income taxes | 67/77 | €5,060 | €1,612 | -€3,448 | -68.1% |
| Profit (loss) for the period | 9904 | €16,811 | €9,479 | -€7,332 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,811 | €9,479 | -€7,332 | -43.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.