COSMOS GROUP: 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.
COSMOS GROUP
Largest movements
- Tangible fixed assets +€72,803
up €72,803 (+50.8%), from €143,284 to €216,087
of which Furniture and vehicles: +€48,419
- Cash -€7,640
down €7,640 (-19.7%), from €38,758 to €31,118
mainly Investment in fixed assets (net) (-€126,501) and Receivables within one year (-€6,824)
- Receivables within one year +€6,824
up €6,824 (+72.2%), from €9,451 to €16,275
of which Trade receivables: +€6,837
- Debts after one year +€47,333
up €47,333 (+68.0%), from €69,575 to €116,908
- Reserves +€22,078
up €22,078 (+41.0%), from €53,871 to €75,949
- Current portion of long-term debt +€5,285
up €5,285 (+19.6%), from €26,904 to €32,189
- Gross operating margin +€34,516
up €34,516 (+35.8%), from €96,523 to €131,039
- Depreciation +€18,021
up €18,021 (+50.5%), from €35,676 to €53,697
- Financial charges +€6,852
up €6,852 (+111%), from €6,194 to €13,046
- Staff costs -€1,474
down €1,474 (-3.8%), from €38,887 to €37,414
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 | €228,456 | €300,677 | +€72,221 | +31.6% |
| Fixed assets | 21/28 | €143,284 | €216,087 | +€72,803 | +50.8% |
| Tangible fixed assets | 22/27 | €143,284 | €216,087 | +€72,803 | +50.8% |
| Land and buildings | 22 | €1,181 | €877 | -€304 | -25.7% |
| Plant, machinery and equipment | 23 | €138,433 | €163,121 | +€24,688 | +17.8% |
| Furniture and vehicles | 24 | €3,670 | €52,089 | +€48,419 | +1,319% |
| Current assets | 29/58 | €85,172 | €84,590 | -€582 | -0.7% |
| Amounts receivable after more than one year | 29 | €32,500 | €32,500 | = | 0.0% |
| Trade receivables | 290 | €32,500 | €32,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,680 | - | -€1,680 | |
| Stocks | 30/36 | €1,680 | - | -€1,680 | |
| Amounts receivable within one year | 40/41 | €9,451 | €16,275 | +€6,824 | +72.2% |
| Trade receivables | 40 | €9,438 | €16,275 | +€6,837 | +72.4% |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €38,758 | €31,118 | -€7,640 | -19.7% |
| Deferred charges and accrued income | 490/1 | €2,783 | €4,696 | +€1,914 | +68.8% |
| Total equity and liabilities | 10/49 | €228,456 | €300,677 | +€72,221 | +31.6% |
| Equity | 10/15 | €87,471 | €109,549 | +€22,078 | +25.2% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €53,871 | €75,949 | +€22,078 | +41.0% |
| Distributable reserves | 133 | €53,871 | €75,949 | +€22,078 | +41.0% |
| Amounts payable | 17/49 | €140,985 | €191,128 | +€50,143 | +35.6% |
| Amounts payable after more than one year | 17 | €69,575 | €116,908 | +€47,333 | +68.0% |
| Financial debts | 170/4 | €69,575 | €116,908 | +€47,333 | +68.0% |
| Amounts payable within one year | 42/48 | €71,410 | €74,220 | +€2,810 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €26,904 | €32,189 | +€5,285 | +19.6% |
| Trade debts | 44 | €6,763 | €5,919 | -€844 | -12.5% |
| Suppliers | 440/4 | €6,763 | €5,919 | -€844 | -12.5% |
| Taxes, remuneration and social security | 45 | €20,577 | €21,159 | +€582 | +2.8% |
| Taxes | 450/3 | €13,485 | €14,397 | +€912 | +6.8% |
| Remuneration and social security | 454/9 | €7,092 | €6,762 | -€330 | -4.7% |
| Other amounts payable | 47/48 | €17,167 | €14,953 | -€2,213 | -12.9% |
| Non-recurring operating income | 76A | €1,929 | - | -€1,929 | |
| Remuneration, social security and pensions | 62 | €38,887 | €37,414 | -€1,474 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,676 | €53,697 | +€18,021 | +50.5% |
| Other operating charges | 640/8 | €454 | €685 | +€231 | +51.0% |
| Non-recurring operating charges | 66A | €1,052 | - | -€1,052 | |
| Gross operating margin | 9900 | €96,523 | €131,039 | +€34,516 | +35.8% |
| Operating profit (loss) | 9901 | €20,454 | €39,243 | +€18,789 | +91.9% |
| Financial income | 75/76B | €500 | €16 | -€485 | -96.9% |
| Recurring financial income | 75 | €500 | €16 | -€485 | -96.9% |
| Financial charges | 65/66B | €6,194 | €13,046 | +€6,852 | +111% |
| Recurring financial charges | 65 | €6,194 | €13,046 | +€6,852 | +111% |
| Profit (loss) for the period before taxes | 9903 | €14,760 | €26,213 | +€11,452 | +77.6% |
| Income taxes | 67/77 | €1,630 | €2,468 | +€838 | +51.4% |
| Profit (loss) for the period | 9904 | €13,130 | €23,744 | +€10,614 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,130 | €23,744 | +€10,614 | +80.8% |
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 1 November 2026 via checked.be.