CosmXpert: 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.
CosmXpert
Largest movements
- Cash +€146,328
up €146,328 (+72.1%), from €203,032 to €349,360
mainly Net result for the year (+€189,983) and Debts after one year (+€144,092)
- Receivables within one year +€142,569
up €142,569 (+17.0%), from €837,866 to €980,435
of which Trade receivables: +€143,570
- Stocks and contracts +€15,266
up €15,266 (+26.5%), from €57,544 to €72,810
- Profit (loss) carried forward +€189,983
up €189,983 (+46.3%), from -€410,451 to -€220,468
- Debts after one year +€144,092
up €144,092 (+137.8%), from €104,572 to €248,664
- Trade debts -€42,347
down €42,347 (-3.5%), from €1.2m to €1.2m
- Staff costs -€217,858
down €217,858 (-38.0%), from €572,889 to €355,031
- Financial charges -€66,330
down €66,330 (-91.8%), from €72,289 to €5,959
- Gross operating margin +€63,338
up €63,338 (+12.1%), from €523,234 to €586,572
- Taxes +€27,166
up €27,166 (+790.2%), from €3,438 to €30,605
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 | €1,148,278 | €1,450,011 | +€301,733 | +26.3% |
| Fixed assets | 21/28 | €2,938 | €5,057 | +€2,118 | +72.1% |
| Tangible fixed assets | 22/27 | €838 | €2,957 | +€2,118 | +252.7% |
| Plant, machinery and equipment | 23 | €838 | €397 | -€442 | -52.7% |
| Furniture and vehicles | 24 | - | €2,560 | +€2,560 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €1,145,340 | €1,444,954 | +€299,614 | +26.2% |
| Stocks and contracts in progress | 3 | €57,544 | €72,810 | +€15,266 | +26.5% |
| Stocks | 30/36 | €57,544 | €72,810 | +€15,266 | +26.5% |
| Amounts receivable within one year | 40/41 | €837,866 | €980,435 | +€142,569 | +17.0% |
| Trade receivables | 40 | €836,865 | €980,435 | +€143,570 | +17.2% |
| Other amounts receivable | 41 | €1,001 | €0 | -€1,001 | -100.0% |
| Cash at bank and in hand | 54/58 | €203,032 | €349,360 | +€146,328 | +72.1% |
| Deferred charges and accrued income | 490/1 | €46,897 | €42,349 | -€4,549 | -9.7% |
| Total equity and liabilities | 10/49 | €1,148,278 | €1,450,011 | +€301,733 | +26.3% |
| Equity | 10/15 | -€336,491 | -€146,508 | +€189,983 | +56.5% |
| Contributions | 10/11 | €73,960 | €73,960 | = | 0.0% |
| Capital | 10 | €73,960 | €73,960 | = | 0.0% |
| Issued capital | 100 | €73,960 | €73,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€410,451 | -€220,468 | +€189,983 | +46.3% |
| Amounts payable | 17/49 | €1,484,770 | €1,596,519 | +€111,749 | +7.5% |
| Amounts payable after more than one year | 17 | €104,572 | €248,664 | +€144,092 | +137.8% |
| Financial debts | 170/4 | €104,572 | €248,664 | +€144,092 | +137.8% |
| Amounts payable within one year | 42/48 | €1,380,198 | €1,347,855 | -€32,343 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €53,980 | €58,172 | +€4,192 | +7.8% |
| Financial debts | 43 | €1,222 | €2,954 | +€1,732 | +141.7% |
| Credit institutions | 430/8 | €1,222 | €2,954 | +€1,732 | +141.7% |
| Trade debts | 44 | €1,196,816 | €1,154,470 | -€42,347 | -3.5% |
| Suppliers | 440/4 | €1,196,816 | €1,154,470 | -€42,347 | -3.5% |
| Taxes, remuneration and social security | 45 | €107,963 | €116,359 | +€8,396 | +7.8% |
| Taxes | 450/3 | €50,324 | €82,653 | +€32,329 | +64.2% |
| Remuneration and social security | 454/9 | €57,639 | €33,705 | -€23,933 | -41.5% |
| Other amounts payable | 47/48 | €20,216 | €15,900 | -€4,316 | -21.3% |
| Non-recurring operating income | 76A | €7,137 | €67,286 | +€60,150 | +842.8% |
| Remuneration, social security and pensions | 62 | €572,889 | €355,031 | -€217,858 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €808 | +€366 | +82.9% |
| Other operating charges | 640/8 | €2,765 | €1,328 | -€1,437 | -52.0% |
| Non-recurring operating charges | 66A | €2,904 | €2,861 | -€44 | -1.5% |
| Gross operating margin | 9900 | €523,234 | €586,572 | +€63,338 | +12.1% |
| Operating profit (loss) | 9901 | -€55,765 | €226,545 | +€282,310 | |
| Financial income | 75/76B | €31 | €2 | -€28 | -93.1% |
| Recurring financial income | 75 | €31 | €2 | -€28 | -93.1% |
| Financial charges | 65/66B | €72,289 | €5,959 | -€66,330 | -91.8% |
| Recurring financial charges | 65 | €72,289 | €5,959 | -€66,330 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€128,024 | €220,588 | +€348,612 | |
| Income taxes | 67/77 | €3,438 | €30,605 | +€27,166 | +790.2% |
| Profit (loss) for the period | 9904 | -€131,462 | €189,983 | +€321,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€131,462 | €189,983 | +€321,445 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.