COSMOTREND: 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.
COSMOTREND
Largest movements
- Receivables within one year +€328,278
up €328,278 (+828%), from €39,623 to €367,901
of which Trade receivables: +€333,694
- Intangible fixed assets +€146,084
up €146,084 (+73.1%), from €199,823 to €345,907
- Tangible fixed assets -€97,037
down €97,037 (-7.3%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€87,694
- Cash +€53,449
up €53,449 (+123%), from €43,313 to €96,762
mainly Other debts (+€604,324) and Trade debts (+€489,648)
- Profit (loss) carried forward -€621,516
down €621,516 (-30.2%), from -€2.1m to -€2.7m
- Other debts +€604,324
up €604,324 (+29.8%), from €2.0m to €2.6m
- Trade debts +€489,648
up €489,648 (+320%), from €152,827 to €642,475
- Short-term financial debts +€299,996
up €299,996 (+17,739%), from €1,691 to €301,687
of which Credit institutions: +€300,000
- Tax, wage and social debts -€204,047
down €204,047 (-55.6%), from €366,956 to €162,908
of which Remuneration and social security: -€158,024
- Gross operating margin -€295,663
down €295,663, from €153,529 to -€142,135
- Staff costs -€134,841
down €134,841 (-32.5%), from €414,875 to €280,034
- Depreciation +€27,894
up €27,894 (+20.7%), from €134,960 to €162,854
- Other operating charges -€20,240
down €20,240 (-53.4%), from €37,872 to €17,632
- Financial charges -€16,465
down €16,465 (-46.2%), from €35,643 to €19,178
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 | €1,673,604 | €2,118,178 | +€444,574 | +26.6% |
| Fixed assets | 21/28 | €1,583,890 | €1,632,937 | +€49,047 | +3.1% |
| Intangible fixed assets | 21 | €199,823 | €345,907 | +€146,084 | +73.1% |
| Tangible fixed assets | 22/27 | €1,334,067 | €1,237,030 | -€97,037 | -7.3% |
| Land and buildings | 22 | €494,178 | €494,178 | = | 0.0% |
| Plant, machinery and equipment | 23 | €786,417 | €698,723 | -€87,694 | -11.2% |
| Furniture and vehicles | 24 | €53,471 | €44,128 | -€9,343 | -17.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €89,714 | €485,240 | +€395,527 | +441% |
| Amounts receivable within one year | 40/41 | €39,623 | €367,901 | +€328,278 | +828% |
| Trade receivables | 40 | €17,165 | €350,859 | +€333,694 | +1,944% |
| Other amounts receivable | 41 | €22,458 | €17,042 | -€5,416 | -24.1% |
| Cash at bank and in hand | 54/58 | €43,313 | €96,762 | +€53,449 | +123% |
| Deferred charges and accrued income | 490/1 | €6,777 | €20,577 | +€13,800 | +204% |
| Total equity and liabilities | 10/49 | €1,673,604 | €2,118,178 | +€444,574 | +26.6% |
| Equity | 10/15 | -€1,442,319 | -€2,063,835 | -€621,516 | -43.1% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €95,656 | €95,656 | = | 0.0% |
| Distributable reserves | 133 | €95,656 | €95,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,056,575 | -€2,678,091 | -€621,516 | -30.2% |
| Amounts payable | 17/49 | €3,115,923 | €4,182,012 | +€1.1m | +34.2% |
| Amounts payable after more than one year | 17 | €393,902 | €300,037 | -€93,865 | -23.8% |
| Financial debts | 170/4 | €393,902 | €300,037 | -€93,865 | -23.8% |
| Amounts payable within one year | 42/48 | €2,721,917 | €3,880,993 | +€1.2m | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €169,515 | €143,897 | -€25,618 | -15.1% |
| Financial debts | 43 | €1,691 | €301,687 | +€299,996 | +17,739% |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Other loans | 439 | €1,691 | €1,687 | -€4 | -0.3% |
| Trade debts | 44 | €152,827 | €642,475 | +€489,648 | +320% |
| Suppliers | 440/4 | €152,827 | €642,475 | +€489,648 | +320% |
| Advances received on contracts in progress | 46 | €5,226 | - | -€5,226 | |
| Taxes, remuneration and social security | 45 | €366,956 | €162,908 | -€204,047 | -55.6% |
| Taxes | 450/3 | €204,974 | €158,951 | -€46,023 | -22.5% |
| Remuneration and social security | 454/9 | €161,982 | €3,958 | -€158,024 | -97.6% |
| Other amounts payable | 47/48 | €2,025,702 | €2,630,026 | +€604,324 | +29.8% |
| Accrued charges and deferred income | 492/3 | €104 | €982 | +€878 | +844% |
| Non-recurring operating income | 76A | - | €38,052 | +€38,052 | |
| Remuneration, social security and pensions | 62 | €414,875 | €280,034 | -€134,841 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,960 | €162,854 | +€27,894 | +20.7% |
| Other operating charges | 640/8 | €37,872 | €17,632 | -€20,240 | -53.4% |
| Gross operating margin | 9900 | €153,529 | -€142,135 | -€295,663 | |
| Operating profit (loss) | 9901 | -€434,178 | -€602,655 | -€168,477 | -38.8% |
| Financial income | 75/76B | €2,652 | €491 | -€2,160 | -81.5% |
| Recurring financial income | 75 | €152 | €491 | +€340 | +224% |
| Non-recurring financial income | 76B | €2,500 | - | -€2,500 | |
| Financial charges | 65/66B | €35,643 | €19,178 | -€16,465 | -46.2% |
| Recurring financial charges | 65 | €35,643 | €19,178 | -€16,465 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€467,169 | -€621,342 | -€154,173 | -33.0% |
| Income taxes | 67/77 | €203 | €174 | -€29 | -14.3% |
| Profit (loss) for the period | 9904 | -€467,372 | -€621,516 | -€154,144 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€467,372 | -€621,516 | -€154,144 | -33.0% |
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 18 October 2026 via checked.be.