Kosmos International: what changed
Kosmos International
Largest movements
- Cash +€852,809
up €852,809 (+47.3%), from €1.8m to €2.7m
mainly Current investments (+€810,000) and Receivables within one year (+€304,540)
- Current investments -€810,000
no longer reported in 2025 (was €810,000)
- Receivables within one year -€304,540
down €304,540 (-46.7%), from €652,430 to €347,890
of which Trade receivables: -€278,594
- Stocks and contracts +€181,854
up €181,854 (+60.9%), from €298,685 to €480,540
- Tangible fixed assets -€52,126
down €52,126 (-5.4%), from €964,135 to €912,009
of which Furniture and vehicles: -€28,883
- Tax, wage and social debts -€265,829
down €265,829 (-93.8%), from €283,542 to €17,713
of which Taxes: -€263,844
- Reserves +€165,000
up €165,000 (+9.5%), from €1.7m to €1.9m
of which Distributable reserves: +€165,000
- Trade debts -€92,841
down €92,841 (-14.2%), from €653,795 to €560,954
- Other debts +€90,427
up €90,427 (+12.4%), from €731,758 to €822,185
- Financial income -€15,906
down €15,906 (-28.0%), from €56,715 to €40,809
- Gross operating margin +€13,670
up €13,670 (+3.9%), from €349,303 to €362,973
- Write-downs +€13,641
up €13,641, from -€11,862 to €1,779
- Other operating charges +€9,474
up €9,474 (+63.0%), from €15,033 to €24,507
- Taxes +€5,067
up €5,067 (+5.3%), from €96,080 to €101,146
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,529,149 | €4,397,524 | -€131,625 | -2.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €964,485 | €912,359 | -€52,126 | -5.4% |
| Tangible fixed assets | 22/27 | €964,135 | €912,009 | -€52,126 | -5.4% |
| Land and buildings | 22 | €883,063 | €861,670 | -€21,393 | -2.4% |
| Plant, machinery and equipment | 23 | €15,137 | €13,287 | -€1,850 | -12.2% |
| Furniture and vehicles | 24 | €65,935 | €37,052 | -€28,883 | -43.8% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €3,564,664 | €3,485,165 | -€79,499 | -2.2% |
| Stocks and contracts in progress | 3 | €298,685 | €480,540 | +€181,854 | +60.9% |
| Stocks | 30/36 | €298,685 | €480,540 | +€181,854 | +60.9% |
| Amounts receivable within one year | 40/41 | €652,430 | €347,890 | -€304,540 | -46.7% |
| Trade receivables | 40 | €626,483 | €347,890 | -€278,594 | -44.5% |
| Other amounts receivable | 41 | €25,947 | - | -€25,947 | |
| Current investments | 50/53 | €810,000 | - | -€810,000 | |
| Cash at bank and in hand | 54/58 | €1,802,925 | €2,655,734 | +€852,809 | +47.3% |
| Deferred charges and accrued income | 490/1 | €624 | €1,002 | +€377 | +60.4% |
| Total equity and liabilities | 10/49 | €4,529,149 | €4,397,524 | -€131,625 | -2.9% |
| Equity | 10/15 | €2,439,082 | €2,604,212 | +€165,130 | +6.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €1,736,561 | €1,901,561 | +€165,000 | +9.5% |
| Tax-exempt reserves | 132 | €36,801 | €36,801 | = | 0.0% |
| Distributable reserves | 133 | €1,699,760 | €1,864,760 | +€165,000 | +9.7% |
| Profit (loss) carried forward | 14 | €327,521 | €327,651 | +€130 | 0.0% |
| Amounts payable | 17/49 | €2,090,067 | €1,793,312 | -€296,756 | -14.2% |
| Amounts payable after more than one year | 17 | €349,368 | €349,368 | = | 0.0% |
| Financial debts | 170/4 | €349,368 | €349,368 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,739,762 | €1,443,944 | -€295,818 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €1,603 | - | -€1,603 | |
| Financial debts | 43 | €69,064 | €43,092 | -€25,972 | -37.6% |
| Credit institutions | 430/8 | €69,064 | €43,092 | -€25,972 | -37.6% |
| Trade debts | 44 | €653,795 | €560,954 | -€92,841 | -14.2% |
| Suppliers | 440/4 | €653,795 | €560,954 | -€92,841 | -14.2% |
| Taxes, remuneration and social security | 45 | €283,542 | €17,713 | -€265,829 | -93.8% |
| Taxes | 450/3 | €281,557 | €17,713 | -€263,844 | -93.7% |
| Remuneration and social security | 454/9 | €1,985 | - | -€1,985 | |
| Other amounts payable | 47/48 | €731,758 | €822,185 | +€90,427 | +12.4% |
| Accrued charges and deferred income | 492/3 | €938 | - | -€938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,544 | €53,468 | +€2,924 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,862 | €1,779 | +€13,641 | |
| Other operating charges | 640/8 | €15,033 | €24,507 | +€9,474 | +63.0% |
| Gross operating margin | 9900 | €349,303 | €362,973 | +€13,670 | +3.9% |
| Operating profit (loss) | 9901 | €295,588 | €283,219 | -€12,369 | -4.2% |
| Financial income | 75/76B | €56,715 | €40,809 | -€15,906 | -28.0% |
| Recurring financial income | 75 | €56,715 | €40,809 | -€15,906 | -28.0% |
| Financial charges | 65/66B | €55,073 | €57,752 | +€2,679 | +4.9% |
| Recurring financial charges | 65 | €55,073 | €57,752 | +€2,679 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €297,230 | €266,277 | -€30,953 | -10.4% |
| Income taxes | 67/77 | €96,080 | €101,146 | +€5,067 | +5.3% |
| Profit (loss) for the period | 9904 | €201,150 | €165,130 | -€36,020 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €201,150 | €165,130 | -€36,020 | -17.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.