COSMO TIME SYSTEMS: 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.
COSMO TIME SYSTEMS
Largest movements
- Cash +€38,829
up €38,829 (+209.8%), from €18,512 to €57,341
mainly Net result for the year (+€51,105) and Stocks and contracts (+€13,826)
- Receivables within one year +€24,810
up €24,810 (+69.4%), from €35,768 to €60,578
- Stocks and contracts -€13,826
down €13,826 (-85.2%), from €16,220 to €2,394
- Tangible fixed assets -€8,000
down €8,000 (-7.1%), from €112,000 to €104,000
- Profit (loss) carried forward +€51,105
up €51,105, from -€11,570 to €39,535
- Other debts -€19,135
down €19,135 (-41.9%), from €45,707 to €26,572
- Trade debts +€12,910
up €12,910 (+388.0%), from €3,327 to €16,237
- Debts after one year -€10,608
down €10,608 (-11.5%), from €92,199 to €81,590
- Tax, wage and social debts +€7,478
up €7,478 (+34.0%), from €21,998 to €29,475
of which Taxes: +€9,018
- Staff costs -€35,713
down €35,713 (-49.4%), from €72,353 to €36,639
- Gross operating margin +€21,665
up €21,665 (+25.7%), from €84,235 to €105,900
- Taxes +€4,879
new in 2025: €4,879
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 | €182,500 | €224,462 | +€41,962 | +23.0% |
| Fixed assets | 21/28 | €112,000 | €104,000 | -€8,000 | -7.1% |
| Tangible fixed assets | 22/27 | €112,000 | €104,000 | -€8,000 | -7.1% |
| Land and buildings | 22 | €112,000 | €104,000 | -€8,000 | -7.1% |
| Current assets | 29/58 | €70,500 | €120,462 | +€49,962 | +70.9% |
| Stocks and contracts in progress | 3 | €16,220 | €2,394 | -€13,826 | -85.2% |
| Stocks | 30/36 | €16,220 | €2,394 | -€13,826 | -85.2% |
| Amounts receivable within one year | 40/41 | €35,768 | €60,578 | +€24,810 | +69.4% |
| Trade receivables | 40 | €35,768 | €60,578 | +€24,810 | +69.4% |
| Cash at bank and in hand | 54/58 | €18,512 | €57,341 | +€38,829 | +209.8% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €182,500 | €224,462 | +€41,962 | +23.0% |
| Equity | 10/15 | €8,873 | €59,978 | +€51,105 | +576.0% |
| Contributions | 10/11 | €18,583 | €18,583 | = | 0.0% |
| Outside capital | 11 | €18,583 | €18,583 | = | 0.0% |
| Other | 1109/19 | €18,583 | €18,583 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,570 | €39,535 | +€51,105 | |
| Amounts payable | 17/49 | €173,627 | €164,484 | -€9,144 | -5.3% |
| Amounts payable after more than one year | 17 | €92,199 | €81,590 | -€10,608 | -11.5% |
| Financial debts | 170/4 | €92,199 | €81,590 | -€10,608 | -11.5% |
| Amounts payable within one year | 42/48 | €81,429 | €82,893 | +€1,465 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,397 | €10,608 | +€212 | +2.0% |
| Trade debts | 44 | €3,327 | €16,237 | +€12,910 | +388.0% |
| Suppliers | 440/4 | €3,327 | €16,237 | +€12,910 | +388.0% |
| Taxes, remuneration and social security | 45 | €21,998 | €29,475 | +€7,478 | +34.0% |
| Taxes | 450/3 | €8,901 | €17,919 | +€9,018 | +101.3% |
| Remuneration and social security | 454/9 | €13,096 | €11,556 | -€1,540 | -11.8% |
| Other amounts payable | 47/48 | €45,707 | €26,572 | -€19,135 | -41.9% |
| Remuneration, social security and pensions | 62 | €72,353 | €36,639 | -€35,713 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,000 | €8,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,934 | €2,921 | -€13 | -0.4% |
| Gross operating margin | 9900 | €84,235 | €105,900 | +€21,665 | +25.7% |
| Operating profit (loss) | 9901 | €947 | €58,339 | +€57,392 | +6058.9% |
| Financial charges | 65/66B | €2,447 | €2,355 | -€92 | -3.8% |
| Recurring financial charges | 65 | €2,447 | €2,355 | -€92 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,500 | €55,984 | +€57,484 | |
| Income taxes | 67/77 | - | €4,879 | +€4,879 | |
| Profit (loss) for the period | 9904 | -€1,500 | €51,105 | +€52,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,500 | €51,105 | +€52,605 |
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 7 October 2026 via checked.be.