COSMO BAR: 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.
COSMO BAR
Largest movements
- Tangible fixed assets +€454,721
up €454,721 (+102%), from €447,880 to €902,601
of which Other tangible fixed assets: +€470,142
- Cash -€165,593
down €165,593 (-65.4%), from €253,167 to €87,574
mainly Investment in fixed assets (net) (-€613,248) and Receivables within one year (-€11,340)
- Formation expenses +€63,050
up €63,050 (+181%), from €34,829 to €97,878
- Deferred charges and accrued income -€26,719
down €26,719 (-71.3%), from €37,485 to €10,767
- Debts after one year +€259,460
up €259,460 (+92.1%), from €281,756 to €541,216
of which Financial debts: +€259,460
- Other debts +€39,321
up €39,321 (+94.7%), from €41,506 to €80,827
- Trade debts +€37,490
up €37,490 (+25.5%), from €147,295 to €184,785
- Accrued charges and deferred income +€30,169
up €30,169 (+243%), from €12,434 to €42,604
- Gross operating margin +€85,311
up €85,311 (+14.8%), from €574,852 to €660,163
- Staff costs +€34,622
up €34,622 (+7.7%), from €449,384 to €484,007
- Other operating charges +€23,916
up €23,916 (+730%), from €3,277 to €27,193
- Financial charges +€10,720
up €10,720 (+97.6%), from €10,989 to €21,710
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €840,215 | €1,181,923 | +€341,708 | +40.7% |
| Formation expenses | 20 | €34,829 | €97,878 | +€63,050 | +181% |
| Fixed assets | 21/28 | €455,409 | €906,360 | +€450,951 | +99.0% |
| Intangible fixed assets | 21 | €7,529 | €3,759 | -€3,770 | -50.1% |
| Tangible fixed assets | 22/27 | €447,880 | €902,601 | +€454,721 | +102% |
| Plant, machinery and equipment | 23 | €115,660 | €99,341 | -€16,319 | -14.1% |
| Furniture and vehicles | 24 | €196 | €1,093 | +€897 | +458% |
| Other tangible fixed assets | 26 | €332,024 | €802,167 | +€470,142 | +142% |
| Current assets | 29/58 | €349,978 | €177,685 | -€172,293 | -49.2% |
| Stocks and contracts in progress | 3 | €36,921 | €45,600 | +€8,679 | +23.5% |
| Stocks | 30/36 | €36,921 | €45,600 | +€8,679 | +23.5% |
| Amounts receivable within one year | 40/41 | €22,404 | €33,744 | +€11,340 | +50.6% |
| Trade receivables | 40 | €17,956 | €31,360 | +€13,404 | +74.7% |
| Other amounts receivable | 41 | €4,448 | €2,384 | -€2,064 | -46.4% |
| Cash at bank and in hand | 54/58 | €253,167 | €87,574 | -€165,593 | -65.4% |
| Deferred charges and accrued income | 490/1 | €37,485 | €10,767 | -€26,719 | -71.3% |
| Total equity and liabilities | 10/49 | €840,215 | €1,181,923 | +€341,708 | +40.7% |
| Equity | 10/15 | €120,462 | €113,241 | -€7,221 | -6.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €462 | €462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €462 | €462 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,221 | -€7,221 | |
| Amounts payable | 17/49 | €719,753 | €1,068,682 | +€348,929 | +48.5% |
| Amounts payable after more than one year | 17 | €281,756 | €541,216 | +€259,460 | +92.1% |
| Financial debts | 170/4 | €262,684 | €522,144 | +€259,460 | +98.8% |
| Trade debts | 175 | €19,072 | €19,072 | = | 0.0% |
| Amounts payable within one year | 42/48 | €425,563 | €484,863 | +€59,300 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €110,003 | €102,473 | -€7,530 | -6.8% |
| Trade debts | 44 | €147,295 | €184,785 | +€37,490 | +25.5% |
| Suppliers | 440/4 | €147,295 | €184,785 | +€37,490 | +25.5% |
| Advances received on contracts in progress | 46 | €1,232 | €1,232 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €125,528 | €115,547 | -€9,981 | -8.0% |
| Taxes | 450/3 | €42,560 | €44,317 | +€1,757 | +4.1% |
| Remuneration and social security | 454/9 | €82,968 | €71,230 | -€11,739 | -14.1% |
| Other amounts payable | 47/48 | €41,506 | €80,827 | +€39,321 | +94.7% |
| Accrued charges and deferred income | 492/3 | €12,434 | €42,604 | +€30,169 | +243% |
| Remuneration, social security and pensions | 62 | €449,384 | €484,007 | +€34,622 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,289 | €99,247 | +€5,958 | +6.4% |
| Other operating charges | 640/8 | €3,277 | €27,193 | +€23,916 | +730% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | €35,232 | +€35,232 | |
| Gross operating margin | 9900 | €574,852 | €660,163 | +€85,311 | +14.8% |
| Operating profit (loss) | 9901 | €28,902 | €14,485 | -€14,417 | -49.9% |
| Financial income | 75/76B | €104 | €4 | -€100 | -96.0% |
| Recurring financial income | 75 | €104 | €4 | -€100 | -96.0% |
| Financial charges | 65/66B | €10,989 | €21,710 | +€10,720 | +97.6% |
| Recurring financial charges | 65 | €10,989 | €21,710 | +€10,720 | +97.6% |
| Profit (loss) for the period before taxes | 9903 | €18,017 | -€7,221 | -€25,238 | |
| Profit (loss) for the period | 9904 | €18,017 | -€7,221 | -€25,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,017 | -€7,221 | -€25,238 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.