COSMOGROUP: what changed
COSMOGROUP
Largest movements
- Receivables within one year -€45,645
down €45,645 (-24.8%), from €183,843 to €138,197
of which Other amounts receivable: -€23,951
- Cash +€24,298
new in 2025: €24,298
mainly Net result for the year (+€72,914) and Receivables within one year (+€45,645)
- Tangible fixed assets -€9,802
down €9,802 (-32.1%), from €30,503 to €20,701
- Reserves +€72,914
up €72,914 (+12.6%), from €578,721 to €651,635
- Current portion of long-term debt -€48,199
down €48,199 (-83.3%), from €57,886 to €9,687
- Other debts -€25,725
down €25,725 (-24.8%), from €103,665 to €77,940
- Trade debts -€13,268
down €13,268 (-61.1%), from €21,712 to €8,444
- Debts after one year -€9,687
no longer reported in 2025 (was €9,687)
- Financial income -€302,283
down €302,283 (-78.6%), from €384,723 to €82,439
- Gross operating margin -€12,084
down €12,084 (-50.2%), from €24,048 to €11,964
- Taxes -€1,544
down €1,544 (-87.2%), from €1,770 to €226
- Other operating charges -€692
down €692 (-17.3%), from €3,988 to €3,296
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,956 | €773,376 | -€30,580 | -3.8% |
| Fixed assets | 21/28 | €221,318 | €211,516 | -€9,802 | -4.4% |
| Tangible fixed assets | 22/27 | €30,503 | €20,701 | -€9,802 | -32.1% |
| Furniture and vehicles | 24 | €30,503 | €20,701 | -€9,802 | -32.1% |
| Financial fixed assets | 28 | €190,815 | €190,815 | = | 0.0% |
| Current assets | 29/58 | €582,638 | €561,860 | -€20,779 | -3.6% |
| Amounts receivable after more than one year | 29 | €392,000 | €392,000 | = | 0.0% |
| Other amounts receivable | 291 | €392,000 | €392,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €183,843 | €138,197 | -€45,645 | -24.8% |
| Trade receivables | 40 | €40,446 | €18,752 | -€21,694 | -53.6% |
| Other amounts receivable | 41 | €143,396 | €119,445 | -€23,951 | -16.7% |
| Cash at bank and in hand | 54/58 | - | €24,298 | +€24,298 | |
| Deferred charges and accrued income | 490/1 | €6,796 | €7,364 | +€569 | +8.4% |
| Total equity and liabilities | 10/49 | €803,956 | €773,376 | -€30,580 | -3.8% |
| Equity | 10/15 | €598,721 | €671,635 | +€72,914 | +12.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €578,721 | €651,635 | +€72,914 | +12.6% |
| Distributable reserves | 133 | €578,721 | €651,635 | +€72,914 | +12.6% |
| Amounts payable | 17/49 | €205,235 | €101,741 | -€103,494 | -50.4% |
| Amounts payable after more than one year | 17 | €9,687 | - | -€9,687 | |
| Financial debts | 170/4 | €9,687 | - | -€9,687 | |
| Amounts payable within one year | 42/48 | €195,548 | €101,741 | -€93,807 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €57,886 | €9,687 | -€48,199 | -83.3% |
| Financial debts | 43 | €3,649 | - | -€3,649 | |
| Credit institutions | 430/8 | €3,649 | - | -€3,649 | |
| Trade debts | 44 | €21,712 | €8,444 | -€13,268 | -61.1% |
| Suppliers | 440/4 | €21,712 | €8,444 | -€13,268 | -61.1% |
| Taxes, remuneration and social security | 45 | €8,636 | €5,670 | -€2,965 | -34.3% |
| Taxes | 450/3 | €8,636 | €5,670 | -€2,965 | -34.3% |
| Other amounts payable | 47/48 | €103,665 | €77,940 | -€25,725 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,802 | €9,802 | = | 0.0% |
| Other operating charges | 640/8 | €3,988 | €3,296 | -€692 | -17.3% |
| Gross operating margin | 9900 | €24,048 | €11,964 | -€12,084 | -50.2% |
| Operating profit (loss) | 9901 | €10,259 | -€1,134 | -€11,393 | |
| Financial income | 75/76B | €384,723 | €82,439 | -€302,283 | -78.6% |
| Recurring financial income | 75 | €384,723 | €82,439 | -€302,283 | -78.6% |
| Financial charges | 65/66B | €8,390 | €8,166 | -€224 | -2.7% |
| Recurring financial charges | 65 | €8,390 | €8,166 | -€224 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €386,592 | €73,139 | -€313,452 | -81.1% |
| Income taxes | 67/77 | €1,770 | €226 | -€1,544 | -87.2% |
| Profit (loss) for the period | 9904 | €384,821 | €72,914 | -€311,908 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €384,821 | €72,914 | -€311,908 | -81.1% |
Next steps
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 5 November 2026 via checked.be.