COSMOS: 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.
COSMOS
Largest movements
- Tangible fixed assets -€123,539
down €123,539 (-9.9%), from €1.2m to €1.1m
of which Land and buildings: -€121,734
- Cash -€37,382
down €37,382 (-54.7%), from €68,364 to €30,982
mainly Debts after one year (-€353,262) and Net result for the year (-€153,828)
- Other debts +€463,232
up €463,232 (+566.2%), from €81,808 to €545,040
- Debts after one year -€353,262
down €353,262 (-44.9%), from €786,763 to €433,501
- Profit (loss) carried forward -€153,828
down €153,828 (-70.9%), from €217,025 to €63,198
- Current portion of long-term debt -€77,289
down €77,289 (-51.1%), from €151,148 to €73,859
- Trade debts -€42,153
down €42,153 (-100.0%), from €42,153 to €0
- Gross operating margin -€94,278
down €94,278 (-85.6%), from €110,134 to €15,856
- Other operating charges -€18,239
down €18,239 (-43.2%), from €42,266 to €24,028
- Financial charges -€8,895
down €8,895 (-36.0%), from €24,674 to €15,779
- Depreciation +€1,283
up €1,283 (+1.0%), from €128,315 to €129,598
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 | €1,316,686 | €1,153,789 | -€162,896 | -12.4% |
| Fixed assets | 21/28 | €1,245,259 | €1,121,720 | -€123,539 | -9.9% |
| Tangible fixed assets | 22/27 | €1,244,424 | €1,120,885 | -€123,539 | -9.9% |
| Land and buildings | 22 | €999,684 | €877,949 | -€121,734 | -12.2% |
| Furniture and vehicles | 24 | - | €3,679 | +€3,679 | |
| Other tangible fixed assets | 26 | €244,740 | €239,256 | -€5,484 | -2.2% |
| Financial fixed assets | 28 | €836 | €836 | = | 0.0% |
| Current assets | 29/58 | €71,427 | €32,069 | -€39,357 | -55.1% |
| Amounts receivable within one year | 40/41 | €566 | €21 | -€545 | -96.3% |
| Trade receivables | 40 | €566 | €0 | -€566 | -100.0% |
| Other amounts receivable | 41 | €0 | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €68,364 | €30,982 | -€37,382 | -54.7% |
| Deferred charges and accrued income | 490/1 | €2,496 | €1,066 | -€1,430 | -57.3% |
| Total equity and liabilities | 10/49 | €1,316,686 | €1,153,789 | -€162,896 | -12.4% |
| Equity | 10/15 | €244,870 | €91,042 | -€153,828 | -62.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,845 | €2,845 | = | 0.0% |
| Tax-exempt reserves | 132 | €345 | €345 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,025 | €63,198 | -€153,828 | -70.9% |
| Amounts payable | 17/49 | €1,071,816 | €1,062,747 | -€9,069 | -0.8% |
| Amounts payable after more than one year | 17 | €786,763 | €433,501 | -€353,262 | -44.9% |
| Financial debts | 170/4 | €786,763 | €433,501 | -€353,262 | -44.9% |
| Amounts payable within one year | 42/48 | €275,109 | €618,899 | +€343,790 | +125.0% |
| Current portion of amounts payable after more than one year | 42 | €151,148 | €73,859 | -€77,289 | -51.1% |
| Trade debts | 44 | €42,153 | €0 | -€42,153 | -100.0% |
| Suppliers | 440/4 | €42,153 | €0 | -€42,153 | -100.0% |
| Other amounts payable | 47/48 | €81,808 | €545,040 | +€463,232 | +566.2% |
| Accrued charges and deferred income | 492/3 | €9,944 | €10,347 | +€403 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,315 | €129,598 | +€1,283 | +1.0% |
| Other operating charges | 640/8 | €42,266 | €24,028 | -€18,239 | -43.2% |
| Gross operating margin | 9900 | €110,134 | €15,856 | -€94,278 | -85.6% |
| Operating profit (loss) | 9901 | -€60,447 | -€137,770 | -€77,323 | -127.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €24,674 | €15,779 | -€8,895 | -36.0% |
| Recurring financial charges | 65 | €24,674 | €15,779 | -€8,895 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | -€85,121 | -€153,549 | -€68,428 | -80.4% |
| Income taxes | 67/77 | €300 | €279 | -€21 | -7.1% |
| Profit (loss) for the period | 9904 | -€85,421 | -€153,828 | -€68,407 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,421 | -€153,828 | -€68,407 | -80.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.