COSMO BELGIUM: what changed
What changed
COSMO BELGIUM
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
€289,946
2024 · €143,704+€146,242
Equity
€994,632
2024 · €704,686+€289,946
Cash
€102,360
2024 · €167,276-€64,917
Balance sheet total
€4.4m
2024 · €4.0m+€426,870
Largest movements
Assets
- Stocks and contracts +€524,719
up €524,719 (+39.3%), from €1.3m to €1.9m
- Tangible fixed assets -€132,202
down €132,202 (-6.3%), from €2.1m to €2.0m
of which Furniture and vehicles: -€84,122
- Receivables within one year +€94,748
up €94,748 (+27.7%), from €342,181 to €436,928
of which Trade receivables: +€96,563
- Cash -€64,917
down €64,917 (-38.8%), from €167,276 to €102,360
mainly Stocks and contracts (-€524,719) and Receivables within one year (-€94,748)
Equity and liabilities
- Reserves +€289,946
up €289,946 (+41.9%), from €692,286 to €982,232
- Trade debts +€55,677
up €55,677 (+5.9%), from €944,132 to €999,809
Income statement
- Gross operating margin +€336,465
up €336,465 (+61.5%), from €547,165 to €883,630
- Taxes +€84,347
up €84,347 (+262%), from €32,165 to €116,512
- Financial charges +€68,878
up €68,878 (+67.2%), from €102,425 to €171,303
- Staff costs +€24,812
up €24,812 (+17.1%), from €145,335 to €170,147
- Depreciation +€21,055
up €21,055 (+25.6%), from €82,093 to €103,148
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€143,704
Gross operating margin
+€336,465
Staff costs
-€24,812
Depreciation
-€21,055
Other operating charges
+€20
Other operating items
+€11,380
Financial income
-€2,531
Financial charges
-€68,878
Taxes
-€84,347
Result 2025
€289,946
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€79,293
Investment
+€29,055
Financing
-€14,678
Cash 2024
€167,276
From operations (derived)
-€79,293
Net result for the year
+€289,946
Depreciation
+€103,148
Stocks and contracts
-€524,719
Receivables within one year
-€94,748
Deferred charges and accrued income
-€4,522
Trade debts
+€55,677
Tax, wage and social debts
+€38,027
Advances received
+€26,602
Other debts
+€30,431
Accrued charges and deferred income
+€865
Investment (derived)
+€29,055
Investment in fixed assets (net)
+€29,055
Financing
-€14,678
Debts after one year
-€15,364
Current portion of long-term debt
+€686
Cash 2025
€102,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,962,583 | €4,389,453 | +€426,870 | +10.8% |
| Fixed assets | 21/28 | €2,105,620 | €1,973,417 | -€132,202 | -6.3% |
| Tangible fixed assets | 22/27 | €2,088,820 | €1,956,617 | -€132,202 | -6.3% |
| Land and buildings | 22 | €1,912,553 | €1,866,008 | -€46,545 | -2.4% |
| Plant, machinery and equipment | 23 | €9,724 | €14,043 | +€4,319 | +44.4% |
| Furniture and vehicles | 24 | €141,687 | €57,565 | -€84,122 | -59.4% |
| Leasing and similar rights | 25 | €24,855 | €19,001 | -€5,854 | -23.6% |
| Financial fixed assets | 28 | €16,800 | €16,800 | = | 0.0% |
| Current assets | 29/58 | €1,856,963 | €2,416,036 | +€559,072 | +30.1% |
| Stocks and contracts in progress | 3 | €1,335,568 | €1,860,288 | +€524,719 | +39.3% |
| Stocks | 30/36 | €1,335,568 | €1,860,288 | +€524,719 | +39.3% |
| Amounts receivable within one year | 40/41 | €342,181 | €436,928 | +€94,748 | +27.7% |
| Trade receivables | 40 | €340,365 | €436,928 | +€96,563 | +28.4% |
| Other amounts receivable | 41 | €1,815 | - | -€1,815 | |
| Cash at bank and in hand | 54/58 | €167,276 | €102,360 | -€64,917 | -38.8% |
| Deferred charges and accrued income | 490/1 | €11,938 | €16,460 | +€4,522 | +37.9% |
| Total equity and liabilities | 10/49 | €3,962,583 | €4,389,453 | +€426,870 | +10.8% |
| Equity | 10/15 | €704,686 | €994,632 | +€289,946 | +41.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €692,286 | €982,232 | +€289,946 | +41.9% |
| Distributable reserves | 133 | €692,286 | €982,232 | +€289,946 | +41.9% |
| Amounts payable | 17/49 | €3,257,897 | €3,394,821 | +€136,924 | +4.2% |
| Amounts payable after more than one year | 17 | €1,359,944 | €1,344,580 | -€15,364 | -1.1% |
| Financial debts | 170/4 | €1,359,944 | €1,344,580 | -€15,364 | -1.1% |
| Amounts payable within one year | 42/48 | €1,897,871 | €2,049,294 | +€151,423 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €14,219 | €14,906 | +€686 | +4.8% |
| Trade debts | 44 | €944,132 | €999,809 | +€55,677 | +5.9% |
| Suppliers | 440/4 | €944,132 | €999,809 | +€55,677 | +5.9% |
| Advances received on contracts in progress | 46 | - | €26,602 | +€26,602 | |
| Taxes, remuneration and social security | 45 | €212,698 | €250,725 | +€38,027 | +17.9% |
| Taxes | 450/3 | €187,111 | €203,365 | +€16,255 | +8.7% |
| Remuneration and social security | 454/9 | €25,588 | €47,360 | +€21,773 | +85.1% |
| Other amounts payable | 47/48 | €726,821 | €757,253 | +€30,431 | +4.2% |
| Accrued charges and deferred income | 492/3 | €81 | €946 | +€865 | +1,062% |
| Non-recurring operating income | 76A | - | €20,258 | +€20,258 | |
| Remuneration, social security and pensions | 62 | €145,335 | €170,147 | +€24,812 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,093 | €103,148 | +€21,055 | +25.6% |
| Other operating charges | 640/8 | €32,607 | €32,587 | -€20 | -0.1% |
| Non-recurring operating charges | 66A | €11,380 | - | -€11,380 | |
| Gross operating margin | 9900 | €547,165 | €883,630 | +€336,465 | +61.5% |
| Operating profit (loss) | 9901 | €275,750 | €577,748 | +€301,998 | +110% |
| Financial income | 75/76B | €2,545 | €13 | -€2,531 | -99.5% |
| Recurring financial income | 75 | €2,545 | €13 | -€2,531 | -99.5% |
| Financial charges | 65/66B | €102,425 | €171,303 | +€68,878 | +67.2% |
| Recurring financial charges | 65 | €102,425 | €171,303 | +€68,878 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €175,869 | €406,458 | +€230,589 | +131% |
| Income taxes | 67/77 | €32,165 | €116,512 | +€84,347 | +262% |
| Profit (loss) for the period | 9904 | €143,704 | €289,946 | +€146,242 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €143,704 | €289,946 | +€146,242 | +102% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.