Kosmet: 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.
Kosmet
Largest movements
- Cash +€50,812
up €50,812 (+26.6%), from €191,147 to €241,959
mainly Depreciation (+€68,077) and Net result for the year (+€55,767)
- Tangible fixed assets -€47,745
down €47,745 (-11.6%), from €410,102 to €362,357
of which Furniture and vehicles: -€42,473
- Debts after one year -€47,019
down €47,019 (-16.4%), from €286,118 to €239,099
- Reserves +€36,306
up €36,306 (+14.1%), from €256,926 to €293,232
- Short-term financial debts +€11,071
up €11,071 (+8491.5%), from €130 to €11,202
of which Other loans: +€11,162
- Trade debts +€9,760
up €9,760 (+16.1%), from €60,696 to €70,456
- Current portion of long-term debt -€7,693
down €7,693 (-19.2%), from €39,999 to €32,306
- Gross operating margin -€13,316
down €13,316 (-7.6%), from €174,658 to €161,342
- Depreciation -€13,246
down €13,246 (-16.3%), from €81,323 to €68,077
- Financial charges -€1,821
down €1,821 (-16.9%), from €10,788 to €8,967
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 | €705,948 | €704,481 | -€1,467 | -0.2% |
| Fixed assets | 21/28 | €412,582 | €363,287 | -€49,295 | -11.9% |
| Intangible fixed assets | 21 | €1,550 | €0 | -€1,550 | -100.0% |
| Tangible fixed assets | 22/27 | €410,102 | €362,357 | -€47,745 | -11.6% |
| Land and buildings | 22 | €310,133 | €305,727 | -€4,406 | -1.4% |
| Plant, machinery and equipment | 23 | €8,673 | €7,807 | -€867 | -10.0% |
| Furniture and vehicles | 24 | €91,296 | €48,823 | -€42,473 | -46.5% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €293,367 | €341,194 | +€47,828 | +16.3% |
| Stocks and contracts in progress | 3 | €70,579 | €70,186 | -€393 | -0.6% |
| Stocks | 30/36 | €70,579 | €70,186 | -€393 | -0.6% |
| Amounts receivable within one year | 40/41 | €22,692 | €19,890 | -€2,802 | -12.3% |
| Trade receivables | 40 | €22,270 | €16,081 | -€6,188 | -27.8% |
| Other amounts receivable | 41 | €422 | €3,808 | +€3,386 | +802.0% |
| Cash at bank and in hand | 54/58 | €191,147 | €241,959 | +€50,812 | +26.6% |
| Deferred charges and accrued income | 490/1 | €8,949 | €9,160 | +€211 | +2.4% |
| Total equity and liabilities | 10/49 | €705,948 | €704,481 | -€1,467 | -0.2% |
| Equity | 10/15 | €275,526 | €311,832 | +€36,306 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,926 | €293,232 | +€36,306 | +14.1% |
| Distributable reserves | 133 | €256,926 | €293,232 | +€36,306 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €430,422 | €392,649 | -€37,774 | -8.8% |
| Amounts payable after more than one year | 17 | €286,118 | €239,099 | -€47,019 | -16.4% |
| Financial debts | 170/4 | €286,118 | €239,099 | -€47,019 | -16.4% |
| Amounts payable within one year | 42/48 | €140,275 | €151,842 | +€11,568 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €39,999 | €32,306 | -€7,693 | -19.2% |
| Financial debts | 43 | €130 | €11,202 | +€11,071 | +8491.5% |
| Credit institutions | 430/8 | €130 | €40 | -€91 | -69.4% |
| Other loans | 439 | - | €11,162 | +€11,162 | |
| Trade debts | 44 | €60,696 | €70,456 | +€9,760 | +16.1% |
| Suppliers | 440/4 | €60,696 | €70,456 | +€9,760 | +16.1% |
| Taxes, remuneration and social security | 45 | €10,768 | €8,847 | -€1,921 | -17.8% |
| Taxes | 450/3 | €9,478 | €8,847 | -€631 | -6.7% |
| Remuneration and social security | 454/9 | €1,290 | €0 | -€1,290 | -100.0% |
| Other amounts payable | 47/48 | €28,681 | €29,032 | +€351 | +1.2% |
| Accrued charges and deferred income | 492/3 | €4,030 | €1,707 | -€2,323 | -57.6% |
| Remuneration, social security and pensions | 62 | €2,300 | €1,836 | -€465 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,323 | €68,077 | -€13,246 | -16.3% |
| Other operating charges | 640/8 | €3,959 | €3,929 | -€31 | -0.8% |
| Non-recurring operating charges | 66A | - | €604 | +€604 | |
| Gross operating margin | 9900 | €174,658 | €161,342 | -€13,316 | -7.6% |
| Operating profit (loss) | 9901 | €87,075 | €86,897 | -€179 | -0.2% |
| Financial income | 75/76B | €2 | €18 | +€16 | +781.5% |
| Recurring financial income | 75 | €2 | €18 | +€16 | +781.5% |
| Financial charges | 65/66B | €10,788 | €8,967 | -€1,821 | -16.9% |
| Recurring financial charges | 65 | €10,788 | €8,967 | -€1,821 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €76,289 | €77,947 | +€1,658 | +2.2% |
| Income taxes | 67/77 | €22,331 | €22,181 | -€150 | -0.7% |
| Profit (loss) for the period | 9904 | €53,958 | €55,767 | +€1,809 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,958 | €55,767 | +€1,809 | +3.4% |
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 9 October 2026 via checked.be.