COSMICO: what changed
Two fiscal 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.
COSMICO
Largest movements
- Cash -€18,560
down €18,560 (-9.1%), from €204,571 to €186,012
mainly Tax, wage and social debts (-€27,535) and Debts after one year (-€24,730)
- Tangible fixed assets -€18,537
down €18,537 (-6.0%), from €307,352 to €288,814
of which Land and buildings: -€11,925
- Tax, wage and social debts -€27,535
down €27,535 (-65.5%), from €42,051 to €14,516
- Debts after one year -€24,730
down €24,730 (-22.8%), from €108,438 to €83,707
- Reserves +€20,812
up €20,812 (+9.4%), from €221,682 to €242,494
- Other debts -€12,888
down €12,888 (-16.2%), from €79,739 to €66,850
- Gross operating margin -€3,316
down €3,316 (-4.9%), from €68,018 to €64,703
- Financial charges +€3,089
up €3,089 (+106.8%), from €2,891 to €5,980
- Taxes -€2,795
down €2,795 (-23.3%), from €12,016 to €9,221
- Other operating charges +€2,625
up €2,625 (+34.9%), from €7,528 to €10,153
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.
Cash bridge derived
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 | €543,848 | €501,997 | -€41,851 | -7.7% |
| Fixed assets | 21/28 | €307,352 | €288,814 | -€18,537 | -6.0% |
| Tangible fixed assets | 22/27 | €307,352 | €288,814 | -€18,537 | -6.0% |
| Land and buildings | 22 | €290,543 | €278,619 | -€11,925 | -4.1% |
| Furniture and vehicles | 24 | €16,808 | €10,196 | -€6,612 | -39.3% |
| Current assets | 29/58 | €236,496 | €213,183 | -€23,313 | -9.9% |
| Amounts receivable within one year | 40/41 | €31,925 | €27,171 | -€4,754 | -14.9% |
| Trade receivables | 40 | €31,925 | €25,517 | -€6,408 | -20.1% |
| Other amounts receivable | 41 | - | €1,655 | +€1,655 | |
| Cash at bank and in hand | 54/58 | €204,571 | €186,012 | -€18,560 | -9.1% |
| Total equity and liabilities | 10/49 | €543,848 | €501,997 | -€41,851 | -7.7% |
| Equity | 10/15 | €284,482 | €305,294 | +€20,812 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €221,682 | €242,494 | +€20,812 | +9.4% |
| Distributable reserves | 133 | €221,682 | €242,494 | +€20,812 | +9.4% |
| Profit (loss) carried forward | 14 | €50,401 | €50,401 | = | 0.0% |
| Amounts payable | 17/49 | €259,366 | €196,703 | -€62,663 | -24.2% |
| Amounts payable after more than one year | 17 | €108,438 | €83,707 | -€24,730 | -22.8% |
| Financial debts | 170/4 | €108,438 | €83,707 | -€24,730 | -22.8% |
| Amounts payable within one year | 42/48 | €150,928 | €112,996 | -€37,932 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €24,263 | €25,766 | +€1,502 | +6.2% |
| Trade debts | 44 | €4,875 | €5,864 | +€988 | +20.3% |
| Suppliers | 440/4 | €4,875 | €5,864 | +€988 | +20.3% |
| Taxes, remuneration and social security | 45 | €42,051 | €14,516 | -€27,535 | -65.5% |
| Taxes | 450/3 | €42,051 | €14,516 | -€27,535 | -65.5% |
| Other amounts payable | 47/48 | €79,739 | €66,850 | -€12,888 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,537 | €18,537 | = | 0.0% |
| Other operating charges | 640/8 | €7,528 | €10,153 | +€2,625 | +34.9% |
| Gross operating margin | 9900 | €68,018 | €64,703 | -€3,316 | -4.9% |
| Operating profit (loss) | 9901 | €41,953 | €36,013 | -€5,940 | -14.2% |
| Financial charges | 65/66B | €2,891 | €5,980 | +€3,089 | +106.8% |
| Recurring financial charges | 65 | €2,891 | €5,980 | +€3,089 | +106.8% |
| Profit (loss) for the period before taxes | 9903 | €39,062 | €30,033 | -€9,029 | -23.1% |
| Income taxes | 67/77 | €12,016 | €9,221 | -€2,795 | -23.3% |
| Profit (loss) for the period | 9904 | €27,046 | €20,812 | -€6,234 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,046 | €20,812 | -€6,234 | -23.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.