Cosmopolite: 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.
Cosmopolite
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+29.8%), from €4.9m to €6.4m
of which Land and buildings: +€1.1m
- Cash -€1.2m
down €1.2m (-73.2%), from €1.7m to €450,562
mainly Investment in fixed assets (net) (-€2.2m) and Trade debts (-€408,456)
- Receivables within one year +€302,950
up €302,950 (+163.4%), from €185,368 to €488,317
of which Other amounts receivable: +€249,561
- Reserves +€561,601
up €561,601 (+17.2%), from €3.3m to €3.8m
of which Distributable reserves: +€504,479
- Trade debts -€408,456
down €408,456 (-43.0%), from €949,843 to €541,387
- Current portion of long-term debt +€130,177
up €130,177 (+27.0%), from €482,348 to €612,525
- Debts after one year +€84,994
up €84,994 (+3.8%), from €2.2m to €2.3m
- Gross operating margin +€472,312
up €472,312 (+10.5%), from €4.5m to €5.0m
- Staff costs +€210,146
up €210,146 (+7.2%), from €2.9m to €3.1m
- Other operating charges -€203,067
down €203,067 (-63.0%), from €322,122 to €119,055
- Depreciation +€142,969
up €142,969 (+21.4%), from €666,690 to €809,660
- Taxes +€107,614
up €107,614 (+80.0%), from €134,515 to €242,130
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 | €7,243,582 | €7,657,246 | +€413,664 | +5.7% |
| Fixed assets | 21/28 | €5,114,779 | €6,504,691 | +€1.4m | +27.2% |
| Intangible fixed assets | 21 | €206,250 | €131,250 | -€75,000 | -36.4% |
| Tangible fixed assets | 22/27 | €4,908,529 | €6,373,441 | +€1.5m | +29.8% |
| Land and buildings | 22 | €2,306,103 | €3,440,279 | +€1.1m | +49.2% |
| Plant, machinery and equipment | 23 | €2,207,929 | €2,569,420 | +€361,491 | +16.4% |
| Furniture and vehicles | 24 | €270,476 | €201,765 | -€68,711 | -25.4% |
| Other tangible fixed assets | 26 | €124,021 | €161,977 | +€37,956 | +30.6% |
| Current assets | 29/58 | €2,128,804 | €1,152,555 | -€976,248 | -45.9% |
| Amounts receivable after more than one year | 29 | - | €28,264 | +€28,264 | |
| Other amounts receivable | 291 | - | €28,264 | +€28,264 | |
| Stocks and contracts in progress | 3 | €193,024 | €172,345 | -€20,678 | -10.7% |
| Stocks | 30/36 | €193,024 | €172,345 | -€20,678 | -10.7% |
| Amounts receivable within one year | 40/41 | €185,368 | €488,317 | +€302,950 | +163.4% |
| Trade receivables | 40 | €79,754 | €133,142 | +€53,388 | +66.9% |
| Other amounts receivable | 41 | €105,614 | €355,175 | +€249,561 | +236.3% |
| Cash at bank and in hand | 54/58 | €1,678,434 | €450,562 | -€1.2m | -73.2% |
| Deferred charges and accrued income | 490/1 | €71,978 | €13,067 | -€58,911 | -81.8% |
| Total equity and liabilities | 10/49 | €7,243,582 | €7,657,246 | +€413,664 | +5.7% |
| Equity | 10/15 | €3,268,215 | €3,829,816 | +€561,601 | +17.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €3,261,915 | €3,823,516 | +€561,601 | +17.2% |
| Tax-exempt reserves | 132 | €594,035 | €651,157 | +€57,122 | +9.6% |
| Distributable reserves | 133 | €2,667,880 | €3,172,359 | +€504,479 | +18.9% |
| Amounts payable | 17/49 | €3,975,367 | €3,827,430 | -€147,937 | -3.7% |
| Amounts payable after more than one year | 17 | €2,232,468 | €2,317,462 | +€84,994 | +3.8% |
| Financial debts | 170/4 | €2,232,468 | €2,317,462 | +€84,994 | +3.8% |
| Amounts payable within one year | 42/48 | €1,742,899 | €1,509,968 | -€232,931 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €482,348 | €612,525 | +€130,177 | +27.0% |
| Trade debts | 44 | €949,843 | €541,387 | -€408,456 | -43.0% |
| Suppliers | 440/4 | €949,843 | €541,387 | -€408,456 | -43.0% |
| Taxes, remuneration and social security | 45 | €310,708 | €356,056 | +€45,348 | +14.6% |
| Taxes | 450/3 | €85,152 | €141,850 | +€56,698 | +66.6% |
| Remuneration and social security | 454/9 | €225,556 | €214,206 | -€11,350 | -5.0% |
| Non-recurring operating income | 76A | - | €33,954 | +€33,954 | |
| Remuneration, social security and pensions | 62 | €2,932,689 | €3,142,835 | +€210,146 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666,690 | €809,660 | +€142,969 | +21.4% |
| Other operating charges | 640/8 | €322,122 | €119,055 | -€203,067 | -63.0% |
| Non-recurring operating charges | 66A | - | €260 | +€260 | |
| Gross operating margin | 9900 | €4,496,160 | €4,968,472 | +€472,312 | +10.5% |
| Operating profit (loss) | 9901 | €574,659 | €896,662 | +€322,003 | +56.0% |
| Financial income | 75/76B | €1,488 | €6,201 | +€4,714 | +316.9% |
| Recurring financial income | 75 | €1,488 | €6,201 | +€4,714 | +316.9% |
| Financial charges | 65/66B | €46,076 | €99,132 | +€53,057 | +115.2% |
| Recurring financial charges | 65 | €46,076 | €99,132 | +€53,057 | +115.2% |
| Profit (loss) for the period before taxes | 9903 | €530,071 | €803,731 | +€273,660 | +51.6% |
| Income taxes | 67/77 | €134,515 | €242,130 | +€107,614 | +80.0% |
| Profit (loss) for the period | 9904 | €395,556 | €561,601 | +€166,045 | +42.0% |
| Transfer from tax-exempt reserves | 789 | - | €190,498 | +€190,498 | |
| Transfer to tax-exempt reserves | 689 | €145,000 | €247,620 | +€102,620 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €250,556 | €504,479 | +€253,923 | +101.3% |
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 10 October 2026 via checked.be.