COSMOWING: 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.
COSMOWING
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+54.8%), from €3.2m to €5.0m
of which Land and buildings: +€1.5m
- Debts after one year +€1.2m
up €1.2m (+72.7%), from €1.6m to €2.8m
- Other debts +€582,391
up €582,391 (+383.2%), from €151,973 to €734,364
- Profit (loss) carried forward -€191,532
down €191,532 (-296.7%), from -€64,552 to -€256,084
- Current portion of long-term debt +€103,339
up €103,339 (+143.6%), from €71,939 to €175,278
- Trade debts +€86,464
up €86,464 (+105.0%), from €82,361 to €168,825
- Depreciation +€255,245
up €255,245 (+759.7%), from €33,599 to €288,845
- Gross operating margin +€233,877
up €233,877 (+1647.1%), from €14,199 to €248,076
- Financial charges +€115,787
up €115,787 (+889.4%), from €13,018 to €128,804
- Other operating charges +€19,631
up €19,631 (+755.1%), from €2,600 to €22,231
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,383,401 | €5,150,008 | +€1.8m | +52.2% |
| Formation expenses | 20 | €17,846 | €9,496 | -€8,350 | -46.8% |
| Fixed assets | 21/28 | €3,257,684 | €5,036,672 | +€1.8m | +54.6% |
| Tangible fixed assets | 22/27 | €3,239,294 | €5,015,282 | +€1.8m | +54.8% |
| Land and buildings | 22 | €3,087,017 | €4,568,302 | +€1.5m | +48.0% |
| Other tangible fixed assets | 26 | €152,277 | €281,001 | +€128,723 | +84.5% |
| Assets under construction and advance payments | 27 | - | €165,980 | +€165,980 | |
| Financial fixed assets | 28 | €18,390 | €21,390 | +€3,000 | +16.3% |
| Current assets | 29/58 | €107,871 | €103,840 | -€4,032 | -3.7% |
| Amounts receivable within one year | 40/41 | €59,443 | €88,941 | +€29,497 | +49.6% |
| Trade receivables | 40 | €4,171 | €9,800 | +€5,629 | +135.0% |
| Other amounts receivable | 41 | €55,273 | €79,141 | +€23,868 | +43.2% |
| Cash at bank and in hand | 54/58 | €39,429 | €6,272 | -€33,158 | -84.1% |
| Deferred charges and accrued income | 490/1 | €8,999 | €8,627 | -€372 | -4.1% |
| Total equity and liabilities | 10/49 | €3,383,401 | €5,150,008 | +€1.8m | +52.2% |
| Equity | 10/15 | €1,443,435 | €1,251,904 | -€191,532 | -13.3% |
| Contributions | 10/11 | €1,131,821 | €1,131,821 | = | 0.0% |
| Revaluation surpluses | 12 | €376,166 | €376,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,552 | -€256,084 | -€191,532 | -296.7% |
| Amounts payable | 17/49 | €1,939,966 | €3,898,104 | +€2.0m | +100.9% |
| Amounts payable after more than one year | 17 | €1,628,951 | €2,813,514 | +€1.2m | +72.7% |
| Financial debts | 170/4 | €1,628,951 | €2,813,514 | +€1.2m | +72.7% |
| Amounts payable within one year | 42/48 | €306,273 | €1,078,467 | +€772,194 | +252.1% |
| Current portion of amounts payable after more than one year | 42 | €71,939 | €175,278 | +€103,339 | +143.6% |
| Trade debts | 44 | €82,361 | €168,825 | +€86,464 | +105.0% |
| Suppliers | 440/4 | €82,361 | €168,825 | +€86,464 | +105.0% |
| Other amounts payable | 47/48 | €151,973 | €734,364 | +€582,391 | +383.2% |
| Accrued charges and deferred income | 492/3 | €4,742 | €6,123 | +€1,382 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,599 | €288,845 | +€255,245 | +759.7% |
| Other operating charges | 640/8 | €2,600 | €22,231 | +€19,631 | +755.1% |
| Gross operating margin | 9900 | €14,199 | €248,076 | +€233,877 | +1647.1% |
| Operating profit (loss) | 9901 | -€22,000 | -€63,000 | -€41,000 | -186.4% |
| Financial income | 75/76B | €273 | €273 | = | 0.0% |
| Recurring financial income | 75 | €273 | €273 | = | 0.0% |
| Financial charges | 65/66B | €13,018 | €128,804 | +€115,787 | +889.4% |
| Recurring financial charges | 65 | €13,018 | €128,804 | +€115,787 | +889.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,745 | -€191,532 | -€156,786 | -451.2% |
| Profit (loss) for the period | 9904 | -€34,745 | -€191,532 | -€156,786 | -451.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,745 | -€191,532 | -€156,786 | -451.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.