COSMOFARMA: 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.
COSMOFARMA
Largest movements
- Stocks and contracts +€188,740
up €188,740 (+28.0%), from €675,000 to €863,740
- Tangible fixed assets -€129,709
down €129,709 (-17.3%), from €748,897 to €619,187
of which Plant, machinery and equipment: -€204,038
- Receivables within one year -€128,133
down €128,133 (-3.4%), from €3.8m to €3.7m
of which Trade receivables: -€694,971
- Trade debts -€227,498
down €227,498 (-42.7%), from €533,181 to €305,682
- Short-term financial debts +€226,428
up €226,428 (+32.9%), from €688,726 to €915,154
- Other debts +€118,587
up €118,587 (+11.0%), from €1.1m to €1.2m
- Tax, wage and social debts -€114,551
down €114,551 (-36.8%), from €311,213 to €196,662
of which Taxes: -€88,084
- Debts after one year -€96,404
down €96,404 (-6.9%), from €1.4m to €1.3m
of which Financial debts: -€100,068
- Gross operating margin -€314,034
down €314,034 (-24.0%), from €1.3m to €994,972
- Financial charges +€117,498
up €117,498 (+52.9%), from €222,168 to €339,666
- Taxes -€114,814
down €114,814 (-89.9%), from €127,692 to €12,878
- Depreciation -€24,185
down €24,185 (-14.3%), from €169,546 to €145,361
- Other operating charges +€20,204
up €20,204 (+424%), from €4,763 to €24,966
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.
Derived cash bridge
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 | €5,439,436 | €5,339,286 | -€100,150 | -1.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €765,006 | €634,197 | -€130,808 | -17.1% |
| Intangible fixed assets | 21 | €1,099 | €0 | -€1,099 | -100% |
| Tangible fixed assets | 22/27 | €748,897 | €619,187 | -€129,709 | -17.3% |
| Plant, machinery and equipment | 23 | €679,312 | €475,274 | -€204,038 | -30.0% |
| Furniture and vehicles | 24 | €35,498 | €31,108 | -€4,390 | -12.4% |
| Leasing and similar rights | 25 | €8,846 | €97,420 | +€88,574 | +1,001% |
| Other tangible fixed assets | 26 | €25,240 | €15,385 | -€9,855 | -39.0% |
| Financial fixed assets | 28 | €15,010 | €15,010 | = | 0.0% |
| Current assets | 29/58 | €4,674,430 | €4,705,088 | +€30,658 | +0.7% |
| Stocks and contracts in progress | 3 | €675,000 | €863,740 | +€188,740 | +28.0% |
| Stocks | 30/36 | €675,000 | €863,740 | +€188,740 | +28.0% |
| Amounts receivable within one year | 40/41 | €3,797,931 | €3,669,798 | -€128,133 | -3.4% |
| Trade receivables | 40 | €1,621,645 | €926,674 | -€694,971 | -42.9% |
| Other amounts receivable | 41 | €2,176,286 | €2,743,124 | +€566,838 | +26.0% |
| Current investments | 50/53 | €5,409 | €5,494 | +€85 | +1.6% |
| Cash at bank and in hand | 54/58 | €145,933 | €128,136 | -€17,797 | -12.2% |
| Deferred charges and accrued income | 490/1 | €50,157 | €37,920 | -€12,237 | -24.4% |
| Total equity and liabilities | 10/49 | €5,439,436 | €5,339,286 | -€100,150 | -1.8% |
| Equity | 10/15 | €1,148,938 | €1,153,119 | +€4,180 | +0.4% |
| Contributions | 10/11 | €451,300 | €451,300 | = | 0.0% |
| Reserves | 13 | €697,638 | €701,819 | +€4,180 | +0.6% |
| Distributable reserves | 133 | €697,638 | €701,819 | +€4,180 | +0.6% |
| Amounts payable | 17/49 | €4,290,498 | €4,186,167 | -€104,331 | -2.4% |
| Amounts payable after more than one year | 17 | €1,403,475 | €1,307,071 | -€96,404 | -6.9% |
| Financial debts | 170/4 | €1,296,762 | €1,196,694 | -€100,068 | -7.7% |
| Other amounts payable | 178/9 | €106,714 | €110,377 | +€3,663 | +3.4% |
| Amounts payable within one year | 42/48 | €2,861,995 | €2,862,372 | +€376 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €210,350 | €243,610 | +€33,260 | +15.8% |
| Financial debts | 43 | €688,726 | €915,154 | +€226,428 | +32.9% |
| Credit institutions | 430/8 | €688,726 | €915,154 | +€226,428 | +32.9% |
| Trade debts | 44 | €533,181 | €305,682 | -€227,498 | -42.7% |
| Suppliers | 440/4 | €533,181 | €305,682 | -€227,498 | -42.7% |
| Advances received on contracts in progress | 46 | €35,850 | - | -€35,850 | |
| Taxes, remuneration and social security | 45 | €311,213 | €196,662 | -€114,551 | -36.8% |
| Taxes | 450/3 | €176,037 | €87,953 | -€88,084 | -50.0% |
| Remuneration and social security | 454/9 | €135,176 | €108,709 | -€26,467 | -19.6% |
| Other amounts payable | 47/48 | €1,082,676 | €1,201,264 | +€118,587 | +11.0% |
| Accrued charges and deferred income | 492/3 | €25,027 | €16,725 | -€8,303 | -33.2% |
| Non-recurring operating income | 76A | €28,403 | €24,311 | -€4,092 | -14.4% |
| Remuneration, social security and pensions | 62 | €483,000 | €468,800 | -€14,200 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,546 | €145,361 | -€24,185 | -14.3% |
| Other operating charges | 640/8 | €4,763 | €24,966 | +€20,204 | +424% |
| Gross operating margin | 9900 | €1,309,006 | €994,972 | -€314,034 | -24.0% |
| Operating profit (loss) | 9901 | €651,697 | €355,845 | -€295,852 | -45.4% |
| Financial income | 75/76B | €618 | €880 | +€262 | +42.4% |
| Recurring financial income | 75 | €618 | €880 | +€262 | +42.4% |
| Financial charges | 65/66B | €222,168 | €339,666 | +€117,498 | +52.9% |
| Recurring financial charges | 65 | €222,168 | €339,666 | +€117,498 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €430,146 | €17,058 | -€413,088 | -96.0% |
| Income taxes | 67/77 | €127,692 | €12,878 | -€114,814 | -89.9% |
| Profit (loss) for the period | 9904 | €302,454 | €4,180 | -€298,274 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €302,454 | €4,180 | -€298,274 | -98.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.