M COSMETICS: 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.
M COSMETICS
Largest movements
- Receivables within one year +€260,721
up €260,721 (+679%), from €38,403 to €299,124
of which Other amounts receivable: +€249,818
- Stocks and contracts -€241,790
down €241,790 (-100%), from €241,790 to €0
- Tangible fixed assets -€84,388
down €84,388 (-9.7%), from €873,778 to €789,390
of which Plant, machinery and equipment: -€136,257
- Cash -€26,306
down €26,306 (-38.7%), from €67,889 to €41,583
mainly Receivables within one year (-€260,721) and Short-term financial debts (-€218,500)
- Other debts +€254,571
up €254,571 (+2,418%), from €10,529 to €265,100
- Short-term financial debts -€218,500
down €218,500 (-100%), from €218,500 to €0
of which Credit institutions: -€150,000
- Debts after one year -€59,173
down €59,173 (-7.9%), from €752,578 to €693,405
- Tax, wage and social debts -€43,230
down €43,230 (-48.4%), from €89,230 to €46,000
of which Remuneration and social security: -€29,271
- Trade debts -€29,748
down €29,748 (-79.7%), from €37,316 to €7,568
- Gross operating margin +€127,898
up €127,898 (+37.0%), from €345,269 to €473,167
- Staff costs -€80,596
down €80,596 (-32.4%), from €248,896 to €168,300
- Depreciation -€13,533
down €13,533 (-19.1%), from €70,999 to €57,466
- Taxes +€6,008
up €6,008 (+826%), from €727 to €6,735
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 | €1,233,090 | €1,137,254 | -€95,836 | -7.8% |
| Fixed assets | 21/28 | €875,744 | €789,390 | -€86,354 | -9.9% |
| Intangible fixed assets | 21 | €1,966 | €0 | -€1,966 | -100% |
| Tangible fixed assets | 22/27 | €873,778 | €789,390 | -€84,388 | -9.7% |
| Land and buildings | 22 | €709,688 | €789,390 | +€79,702 | +11.2% |
| Plant, machinery and equipment | 23 | €136,257 | €0 | -€136,257 | -100% |
| Furniture and vehicles | 24 | €27,833 | €0 | -€27,833 | -100% |
| Current assets | 29/58 | €357,346 | €347,864 | -€9,482 | -2.7% |
| Stocks and contracts in progress | 3 | €241,790 | €0 | -€241,790 | -100% |
| Stocks | 30/36 | €241,790 | €0 | -€241,790 | -100% |
| Amounts receivable within one year | 40/41 | €38,403 | €299,124 | +€260,721 | +679% |
| Trade receivables | 40 | €37,780 | €48,683 | +€10,903 | +28.9% |
| Other amounts receivable | 41 | €623 | €250,441 | +€249,818 | +40,099% |
| Cash at bank and in hand | 54/58 | €67,889 | €41,583 | -€26,306 | -38.7% |
| Deferred charges and accrued income | 490/1 | €9,264 | €7,156 | -€2,108 | -22.7% |
| Total equity and liabilities | 10/49 | €1,233,090 | €1,137,254 | -€95,836 | -7.8% |
| Equity | 10/15 | €62,017 | €63,197 | +€1,180 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,417 | €44,597 | +€1,180 | +2.7% |
| Distributable reserves | 133 | €43,417 | €44,597 | +€1,180 | +2.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,171,073 | €1,074,057 | -€97,016 | -8.3% |
| Amounts payable after more than one year | 17 | €752,578 | €693,405 | -€59,173 | -7.9% |
| Financial debts | 170/4 | €752,578 | €693,405 | -€59,173 | -7.9% |
| Amounts payable within one year | 42/48 | €415,210 | €377,841 | -€37,369 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €59,635 | €59,173 | -€462 | -0.8% |
| Financial debts | 43 | €218,500 | €0 | -€218,500 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Other loans | 439 | €68,500 | €0 | -€68,500 | -100% |
| Trade debts | 44 | €37,316 | €7,568 | -€29,748 | -79.7% |
| Suppliers | 440/4 | €37,316 | €7,568 | -€29,748 | -79.7% |
| Taxes, remuneration and social security | 45 | €89,230 | €46,000 | -€43,230 | -48.4% |
| Taxes | 450/3 | €59,959 | €46,000 | -€13,959 | -23.3% |
| Remuneration and social security | 454/9 | €29,271 | €0 | -€29,271 | -100% |
| Other amounts payable | 47/48 | €10,529 | €265,100 | +€254,571 | +2,418% |
| Accrued charges and deferred income | 492/3 | €3,285 | €2,811 | -€474 | -14.4% |
| Non-recurring operating income | 76A | €2,000 | €178,423 | +€176,423 | +8,821% |
| Remuneration, social security and pensions | 62 | €248,896 | €168,300 | -€80,596 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,999 | €57,466 | -€13,533 | -19.1% |
| Other operating charges | 640/8 | €10,200 | €11,123 | +€923 | +9.1% |
| Non-recurring operating charges | 66A | - | €6,280 | +€6,280 | |
| Gross operating margin | 9900 | €345,269 | €473,167 | +€127,898 | +37.0% |
| Operating profit (loss) | 9901 | €15,174 | €229,998 | +€214,824 | +1,416% |
| Financial income | 75/76B | €5,971 | €5,249 | -€722 | -12.1% |
| Recurring financial income | 75 | €5,971 | €5,249 | -€722 | -12.1% |
| Financial charges | 65/66B | €31,797 | €32,332 | +€535 | +1.7% |
| Recurring financial charges | 65 | €31,797 | €32,332 | +€535 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,652 | €202,915 | +€213,567 | |
| Income taxes | 67/77 | €727 | €6,735 | +€6,008 | +826% |
| Profit (loss) for the period | 9904 | -€11,379 | €196,181 | +€207,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,379 | €196,181 | +€207,560 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.