COSMO: 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.
What changed
COSMO
NACE 43.110, Demolition
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€113,503
2023 · €321,222-€207,719
Equity
€3.0m
2023 · €2.9m+€113,503
Cash
€180,577
2023 · €443,321-€262,744
Balance sheet total
€9.5m
2023 · €9.0m+€480,265
Largest movements
Assets
- Tangible fixed assets +€866,106
up €866,106 (+51.7%), from €1.7m to €2.5m
of which Leasing and similar rights: +€575,126
- Cash -€262,744
down €262,744 (-59.3%), from €443,321 to €180,577
mainly Investment in fixed assets (net) (-€1.3m) and Deferred charges and accrued income (-€96,351)
- Receivables within one year -€261,448
down €261,448 (-9.6%), from €2.7m to €2.5m
of which Trade receivables: -€186,563
- Deferred charges and accrued income +€96,351
up €96,351 (+265.4%), from €36,300 to €132,651
Equity and liabilities
- Trade debts +€183,664
up €183,664 (+16.6%), from €1.1m to €1.3m
- Reserves +€113,503
up €113,503 (+3.9%), from €2.9m to €3.0m
of which Distributable reserves: +€384,522
- Short-term financial debts +€106,458
up €106,458 (+11.2%), from €951,699 to €1.1m
of which Other loans: +€108,155
Income statement
- Write-downs +€157,877
new in 2024: €157,877
- Depreciation +€58,293
up €58,293 (+14.2%), from €410,270 to €468,562
- Staff costs +€40,466
up €40,466 (+1.9%), from €2.2m to €2.2m
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.
Result 2023
€321,222
Gross operating margin
+€13,805
Staff costs
-€40,466
Depreciation
-€58,293
Write-downs
-€157,877
Other operating charges
-€23,732
Financial income
+€29,396
Financial charges
+€22,013
Taxes
+€7,435
Result 2024
€113,503
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.
From operations
+€856,831
Investment
-€1.3m
Financing
+€215,094
Cash 2023
€443,321
From operations (derived)
+€856,831
Net result for the year
+€113,503
Depreciation
+€468,562
Stocks and contracts
-€42,000
Receivables within one year
+€261,448
Deferred charges and accrued income
-€96,351
Trade debts
+€183,664
Tax, wage and social debts
-€37,185
Other debts
+€5,190
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€215,094
Debts after one year
+€27,349
Current portion of long-term debt
+€81,287
Short-term financial debts
+€106,458
Cash 2024
€180,577
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,998,554 | €9,478,819 | +€480,265 | +5.3% |
| Fixed assets | 21/28 | €3,940,388 | €4,806,495 | +€866,106 | +22.0% |
| Tangible fixed assets | 22/27 | €1,676,697 | €2,542,804 | +€866,106 | +51.7% |
| Land and buildings | 22 | €858,777 | €729,264 | -€129,513 | -15.1% |
| Plant, machinery and equipment | 23 | €299,806 | €719,032 | +€419,226 | +139.8% |
| Furniture and vehicles | 24 | €14,084 | €15,351 | +€1,267 | +9.0% |
| Leasing and similar rights | 25 | €504,031 | €1,079,157 | +€575,126 | +114.1% |
| Financial fixed assets | 28 | €2,263,691 | €2,263,691 | = | 0.0% |
| Current assets | 29/58 | €5,058,166 | €4,672,325 | -€385,841 | -7.6% |
| Amounts receivable after more than one year | 29 | €1,500,000 | €1,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,500,000 | €1,500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €351,252 | €393,252 | +€42,000 | +12.0% |
| Stocks | 30/36 | €77,252 | €77,252 | = | 0.0% |
| Contracts in progress | 37 | €274,000 | €316,000 | +€42,000 | +15.3% |
| Amounts receivable within one year | 40/41 | €2,727,293 | €2,465,845 | -€261,448 | -9.6% |
| Trade receivables | 40 | €2,081,639 | €1,895,076 | -€186,563 | -9.0% |
| Other amounts receivable | 41 | €645,654 | €570,768 | -€74,885 | -11.6% |
| Cash at bank and in hand | 54/58 | €443,321 | €180,577 | -€262,744 | -59.3% |
| Deferred charges and accrued income | 490/1 | €36,300 | €132,651 | +€96,351 | +265.4% |
| Total equity and liabilities | 10/49 | €8,998,554 | €9,478,819 | +€480,265 | +5.3% |
| Equity | 10/15 | €2,935,498 | €3,049,001 | +€113,503 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,873,498 | €2,987,001 | +€113,503 | +3.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €757,800 | €486,781 | -€271,019 | -35.8% |
| Distributable reserves | 133 | €2,115,698 | €2,500,220 | +€384,522 | +18.2% |
| Amounts payable | 17/49 | €6,063,056 | €6,429,818 | +€366,762 | +6.0% |
| Amounts payable after more than one year | 17 | €3,168,013 | €3,195,362 | +€27,349 | +0.9% |
| Financial debts | 170/4 | €3,168,013 | €3,195,362 | +€27,349 | +0.9% |
| Amounts payable within one year | 42/48 | €2,895,043 | €3,234,456 | +€339,414 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €700,107 | €781,394 | +€81,287 | +11.6% |
| Financial debts | 43 | €951,699 | €1,058,156 | +€106,458 | +11.2% |
| Credit institutions | 430/8 | €951,699 | €950,001 | -€1,698 | -0.2% |
| Other loans | 439 | - | €108,155 | +€108,155 | |
| Trade debts | 44 | €1,106,259 | €1,289,923 | +€183,664 | +16.6% |
| Suppliers | 440/4 | €1,106,259 | €1,289,923 | +€183,664 | +16.6% |
| Taxes, remuneration and social security | 45 | €136,979 | €99,793 | -€37,185 | -27.1% |
| Taxes | 450/3 | €1,592 | €3,076 | +€1,484 | +93.2% |
| Remuneration and social security | 454/9 | €135,387 | €96,717 | -€38,670 | -28.6% |
| Other amounts payable | 47/48 | - | €5,190 | +€5,190 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,167,569 | €2,208,035 | +€40,466 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410,270 | €468,562 | +€58,293 | +14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €157,877 | +€157,877 | |
| Other operating charges | 640/8 | €56,598 | €80,331 | +€23,732 | +41.9% |
| Gross operating margin | 9900 | €3,134,090 | €3,147,895 | +€13,805 | +0.4% |
| Operating profit (loss) | 9901 | €499,653 | €233,089 | -€266,563 | -53.3% |
| Financial income | 75/76B | €38,342 | €67,738 | +€29,396 | +76.7% |
| Recurring financial income | 75 | €38,342 | €67,738 | +€29,396 | +76.7% |
| Financial charges | 65/66B | €188,546 | €166,533 | -€22,013 | -11.7% |
| Recurring financial charges | 65 | €188,546 | €166,533 | -€22,013 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €349,449 | €134,294 | -€215,154 | -61.6% |
| Income taxes | 67/77 | €28,227 | €20,791 | -€7,435 | -26.3% |
| Profit (loss) for the period | 9904 | €321,222 | €113,503 | -€207,719 | -64.7% |
| Transfer from tax-exempt reserves | 789 | €106,800 | €355,219 | +€248,419 | +232.6% |
| Transfer to tax-exempt reserves | 689 | €171,100 | €84,200 | -€86,900 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €256,922 | €384,522 | +€127,600 | +49.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.