KOSMA LAW: 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.
KOSMA LAW
Largest movements
- Cash +€46,751
up €46,751 (+58.0%), from €80,572 to €127,324
mainly Net result for the year (+€45,072) and Depreciation (+€1,515)
- Tangible fixed assets -€1,515
down €1,515 (-33.1%), from €4,582 to €3,067
- Reserves +€45,072
up €45,072 (+56.8%), from €79,368 to €124,440
- Gross operating margin +€5,293
up €5,293 (+9.5%), from €55,751 to €61,044
- Depreciation +€904
up €904 (+148%), from €611 to €1,515
- Taxes +€885
up €885 (+7.9%), from €11,213 to €12,098
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 | €85,681 | €131,013 | +€45,332 | +52.9% |
| Fixed assets | 21/28 | €4,582 | €3,067 | -€1,515 | -33.1% |
| Tangible fixed assets | 22/27 | €4,582 | €3,067 | -€1,515 | -33.1% |
| Land and buildings | 22 | €4,582 | €3,067 | -€1,515 | -33.1% |
| Current assets | 29/58 | €81,099 | €127,946 | +€46,846 | +57.8% |
| Amounts receivable within one year | 40/41 | - | €82 | +€82 | |
| Other amounts receivable | 41 | - | €82 | +€82 | |
| Cash at bank and in hand | 54/58 | €80,572 | €127,324 | +€46,751 | +58.0% |
| Deferred charges and accrued income | 490/1 | €527 | €540 | +€13 | +2.5% |
| Total equity and liabilities | 10/49 | €85,681 | €131,013 | +€45,332 | +52.9% |
| Equity | 10/15 | €79,468 | €124,540 | +€45,072 | +56.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €79,368 | €124,440 | +€45,072 | +56.8% |
| Distributable reserves | 133 | €79,368 | €124,440 | +€45,072 | +56.8% |
| Amounts payable | 17/49 | €6,213 | €6,473 | +€260 | +4.2% |
| Amounts payable within one year | 42/48 | €6,213 | €6,473 | +€260 | +4.2% |
| Taxes, remuneration and social security | 45 | €6,086 | €6,151 | +€65 | +1.1% |
| Taxes | 450/3 | €6,086 | €6,151 | +€65 | +1.1% |
| Other amounts payable | 47/48 | €127 | €321 | +€194 | +153% |
| Remuneration, social security and pensions | 62 | €2,114 | €2,154 | +€40 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €1,515 | +€904 | +148% |
| Other operating charges | 640/8 | €544 | €150 | -€394 | -72.4% |
| Gross operating margin | 9900 | €55,751 | €61,044 | +€5,293 | +9.5% |
| Operating profit (loss) | 9901 | €52,483 | €57,225 | +€4,743 | +9.0% |
| Financial charges | 65/66B | €52 | €55 | +€4 | +7.0% |
| Recurring financial charges | 65 | €52 | €55 | +€4 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €52,431 | €57,170 | +€4,739 | +9.0% |
| Income taxes | 67/77 | €11,213 | €12,098 | +€885 | +7.9% |
| Profit (loss) for the period | 9904 | €41,218 | €45,072 | +€3,854 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,218 | €45,072 | +€3,854 | +9.4% |
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 14 October 2026 via checked.be.