COSMIK: 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.
COSMIK
Largest movements
- Cash -€10,501
down €10,501 (-57.1%), from €18,404 to €7,902
mainly Debts after one year (-€105,617) and Current portion of long-term debt (-€15,155)
- Tangible fixed assets -€8,486
down €8,486 (-17.6%), from €48,320 to €39,834
- Receivables within one year +€3,862
up €3,862 (+7.5%), from €51,458 to €55,320
of which Trade receivables: +€3,781
- Formation expenses -€3,357
down €3,357 (-21.2%), from €15,841 to €12,484
- Stocks and contracts +€2,134
up €2,134 (+21.1%), from €10,092 to €12,226
- Debts after one year -€105,617
down €105,617 (-21.7%), from €487,086 to €381,469
of which Financial debts: -€105,617
- Tax, wage and social debts +€55,258
up €55,258 (+56.3%), from €98,135 to €153,393
of which Taxes: +€45,875
- Other debts +€22,077
up €22,077 (+9451.5%), from €234 to €22,310
- Profit (loss) carried forward +€16,356
up €16,356 (+3.4%), from -€482,550 to -€466,194
- Current portion of long-term debt -€15,155
down €15,155 (-55.2%), from €27,477 to €12,322
- Gross operating margin +€124,544
up €124,544 (+83.7%), from €148,743 to €273,287
- Taxes +€29,278
up €29,278 (+81103.5%), from €36 to €29,314
- Staff costs -€17,502
down €17,502 (-8.2%), from €213,149 to €195,647
- Depreciation +€6,473
up €6,473 (+61.9%), from €10,464 to €16,936
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 | €153,669 | €137,321 | -€16,348 | -10.6% |
| Formation expenses | 20 | €15,841 | €12,484 | -€3,357 | -21.2% |
| Fixed assets | 21/28 | €57,875 | €49,389 | -€8,486 | -14.7% |
| Tangible fixed assets | 22/27 | €48,320 | €39,834 | -€8,486 | -17.6% |
| Plant, machinery and equipment | 23 | €25,919 | €21,689 | -€4,231 | -16.3% |
| Furniture and vehicles | 24 | €7,309 | €6,254 | -€1,056 | -14.4% |
| Other tangible fixed assets | 26 | €15,091 | €11,891 | -€3,200 | -21.2% |
| Financial fixed assets | 28 | €9,555 | €9,555 | = | 0.0% |
| Current assets | 29/58 | €79,953 | €75,449 | -€4,505 | -5.6% |
| Stocks and contracts in progress | 3 | €10,092 | €12,226 | +€2,134 | +21.1% |
| Stocks | 30/36 | €10,092 | €12,226 | +€2,134 | +21.1% |
| Amounts receivable within one year | 40/41 | €51,458 | €55,320 | +€3,862 | +7.5% |
| Trade receivables | 40 | €32,255 | €36,036 | +€3,781 | +11.7% |
| Other amounts receivable | 41 | €19,203 | €19,284 | +€82 | +0.4% |
| Cash at bank and in hand | 54/58 | €18,404 | €7,902 | -€10,501 | -57.1% |
| Total equity and liabilities | 10/49 | €153,669 | €137,321 | -€16,348 | -10.6% |
| Equity | 10/15 | -€463,950 | -€447,594 | +€16,356 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€482,550 | -€466,194 | +€16,356 | +3.4% |
| Amounts payable | 17/49 | €617,619 | €584,915 | -€32,704 | -5.3% |
| Amounts payable after more than one year | 17 | €487,086 | €381,469 | -€105,617 | -21.7% |
| Financial debts | 170/4 | €479,936 | €374,319 | -€105,617 | -22.0% |
| Other amounts payable | 178/9 | €7,150 | €7,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,533 | €203,446 | +€72,913 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €27,477 | €12,322 | -€15,155 | -55.2% |
| Trade debts | 44 | €4,688 | €15,421 | +€10,733 | +229.0% |
| Suppliers | 440/4 | €4,688 | €15,421 | +€10,733 | +229.0% |
| Taxes, remuneration and social security | 45 | €98,135 | €153,393 | +€55,258 | +56.3% |
| Taxes | 450/3 | €36,809 | €82,684 | +€45,875 | +124.6% |
| Remuneration and social security | 454/9 | €61,326 | €70,708 | +€9,382 | +15.3% |
| Other amounts payable | 47/48 | €234 | €22,310 | +€22,077 | +9451.5% |
| Remuneration, social security and pensions | 62 | €213,149 | €195,647 | -€17,502 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,464 | €16,936 | +€6,473 | +61.9% |
| Other operating charges | 640/8 | - | €740 | +€740 | |
| Operating charges capitalised as restructuring costs | 649 | -€16,785 | - | +€16,785 | |
| Non-recurring operating charges | 66A | €15,126 | €7,115 | -€8,011 | -53.0% |
| Gross operating margin | 9900 | €148,743 | €273,287 | +€124,544 | +83.7% |
| Operating profit (loss) | 9901 | -€73,211 | €52,850 | +€126,060 | |
| Financial charges | 65/66B | €5,501 | €7,179 | +€1,678 | +30.5% |
| Recurring financial charges | 65 | €5,501 | €7,179 | +€1,678 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€78,712 | €45,670 | +€124,382 | |
| Income taxes | 67/77 | €36 | €29,314 | +€29,278 | +81103.5% |
| Profit (loss) for the period | 9904 | -€78,748 | €16,356 | +€95,104 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,748 | €16,356 | +€95,104 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.