COSMIC COW: 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 COW
Largest movements
- Cash +€4,370
up €4,370 (+300%), from €1,457 to €5,827
mainly Net result for the year (+€7,083) and Trade debts (+€6,709)
- Tangible fixed assets -€3,438
down €3,438 (-3.5%), from €97,053 to €93,614
of which Land and buildings: -€5,578
- Receivables within one year -€2,130
no longer reported in 2025 (was €2,130)
- Other debts -€12,574
down €12,574 (-20.4%), from €61,750 to €49,176
- Profit (loss) carried forward +€7,083
up €7,083 (+16.1%), from -€43,924 to -€36,841
- Trade debts +€6,709
new in 2025: €6,709
- Debts after one year -€3,397
down €3,397 (-5.7%), from €59,118 to €55,720
- Tax, wage and social debts +€1,913
up €1,913 (+508%), from €377 to €2,290
- Gross operating margin +€8,158
up €8,158 (+102%), from €7,984 to €16,142
- Depreciation +€1,562
up €1,562 (+38.0%), from €4,109 to €5,671
- Financial charges +€973
up €973 (+73.0%), from €1,332 to €2,305
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 | €100,640 | €99,742 | -€898 | -0.9% |
| Fixed assets | 21/28 | €97,053 | €93,614 | -€3,438 | -3.5% |
| Tangible fixed assets | 22/27 | €97,053 | €93,614 | -€3,438 | -3.5% |
| Land and buildings | 22 | €97,053 | €91,475 | -€5,578 | -5.7% |
| Plant, machinery and equipment | 23 | - | €2,139 | +€2,139 | |
| Current assets | 29/58 | €3,587 | €6,127 | +€2,540 | +70.8% |
| Amounts receivable within one year | 40/41 | €2,130 | - | -€2,130 | |
| Trade receivables | 40 | €2,130 | - | -€2,130 | |
| Cash at bank and in hand | 54/58 | €1,457 | €5,827 | +€4,370 | +300% |
| Deferred charges and accrued income | 490/1 | - | €300 | +€300 | |
| Total equity and liabilities | 10/49 | €100,640 | €99,742 | -€898 | -0.9% |
| Equity | 10/15 | -€24,634 | -€17,551 | +€7,083 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €690 | €690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €690 | €690 | = | 0.0% |
| Reserves not available under the articles | 1311 | €690 | €690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,924 | -€36,841 | +€7,083 | +16.1% |
| Amounts payable | 17/49 | €125,273 | €117,292 | -€7,981 | -6.4% |
| Amounts payable after more than one year | 17 | €59,118 | €55,720 | -€3,397 | -5.7% |
| Financial debts | 170/4 | €59,118 | €55,720 | -€3,397 | -5.7% |
| Amounts payable within one year | 42/48 | €65,406 | €61,572 | -€3,833 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €3,279 | €3,397 | +€118 | +3.6% |
| Trade debts | 44 | - | €6,709 | +€6,709 | |
| Suppliers | 440/4 | - | €6,709 | +€6,709 | |
| Taxes, remuneration and social security | 45 | €377 | €2,290 | +€1,913 | +508% |
| Taxes | 450/3 | €377 | €2,290 | +€1,913 | +508% |
| Other amounts payable | 47/48 | €61,750 | €49,176 | -€12,574 | -20.4% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,109 | €5,671 | +€1,562 | +38.0% |
| Other operating charges | 640/8 | €1,051 | €1,084 | +€33 | +3.2% |
| Gross operating margin | 9900 | €7,984 | €16,142 | +€8,158 | +102% |
| Operating profit (loss) | 9901 | €2,824 | €9,387 | +€6,563 | +232% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,332 | €2,305 | +€973 | +73.0% |
| Recurring financial charges | 65 | €1,332 | €2,305 | +€973 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €1,492 | €7,083 | +€5,591 | +375% |
| Profit (loss) for the period | 9904 | €1,492 | €7,083 | +€5,591 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €1,492 | €7,083 | +€5,591 | +375% |
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 19 October 2026 via checked.be.