Antoine DE COSTER: 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.
Antoine DE COSTER
Largest movements
- Cash +€33,947
up €33,947 (+42.2%), from €80,524 to €114,472
mainly Receivables within one year (+€31,794) and Net result for the year (+€30,384)
- Receivables within one year -€31,794
down €31,794 (-39.8%), from €79,851 to €48,057
of which Trade receivables: -€28,691
- Tangible fixed assets -€3,884
down €3,884 (-9.7%), from €39,991 to €36,107
of which Land and buildings: -€3,850
- Other debts +€29,376
up €29,376 (+135%), from €21,741 to €51,117
- Reserves -€20,733
down €20,733 (-18.4%), from €112,562 to €91,830
of which Distributable reserves: -€20,733
- Tax, wage and social debts -€5,501
down €5,501 (-94.4%), from €5,828 to €327
of which Taxes: -€5,501
- Debts after one year -€4,070
down €4,070 (-10.5%), from €38,685 to €34,615
- Other operating charges -€1,106
down €1,106 (-58.2%), from €1,901 to €795
- Depreciation +€849
up €849 (+20.3%), from €4,184 to €5,033
- Financial income -€637
down €637 (-33.8%), from €1,888 to €1,251
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 | €201,309 | €199,841 | -€1,468 | -0.7% |
| Fixed assets | 21/28 | €39,991 | €36,107 | -€3,884 | -9.7% |
| Tangible fixed assets | 22/27 | €39,991 | €36,107 | -€3,884 | -9.7% |
| Land and buildings | 22 | €34,650 | €30,800 | -€3,850 | -11.1% |
| Furniture and vehicles | 24 | €5,341 | €5,307 | -€34 | -0.6% |
| Current assets | 29/58 | €161,318 | €163,734 | +€2,416 | +1.5% |
| Amounts receivable within one year | 40/41 | €79,851 | €48,057 | -€31,794 | -39.8% |
| Trade receivables | 40 | €52,691 | €24,000 | -€28,691 | -54.5% |
| Other amounts receivable | 41 | €27,160 | €24,057 | -€3,103 | -11.4% |
| Cash at bank and in hand | 54/58 | €80,524 | €114,472 | +€33,947 | +42.2% |
| Deferred charges and accrued income | 490/1 | €942 | €1,205 | +€263 | +27.9% |
| Total equity and liabilities | 10/49 | €201,309 | €199,841 | -€1,468 | -0.7% |
| Equity | 10/15 | €124,997 | €104,265 | -€20,733 | -16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,562 | €91,830 | -€20,733 | -18.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €112,562 | €91,830 | -€20,733 | -18.4% |
| Profit (loss) carried forward | 14 | €35 | €35 | = | 0.0% |
| Amounts payable | 17/49 | €76,312 | €95,576 | +€19,265 | +25.2% |
| Amounts payable after more than one year | 17 | €38,685 | €34,615 | -€4,070 | -10.5% |
| Financial debts | 170/4 | €38,685 | €34,615 | -€4,070 | -10.5% |
| Amounts payable within one year | 42/48 | €37,627 | €60,962 | +€23,334 | +62.0% |
| Current portion of amounts payable after more than one year | 42 | €3,930 | €4,070 | +€140 | +3.6% |
| Trade debts | 44 | €6,128 | €5,448 | -€680 | -11.1% |
| Suppliers | 440/4 | €6,128 | €5,448 | -€680 | -11.1% |
| Taxes, remuneration and social security | 45 | €5,828 | €327 | -€5,501 | -94.4% |
| Taxes | 450/3 | €5,828 | €327 | -€5,501 | -94.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,741 | €51,117 | +€29,376 | +135% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,184 | €5,033 | +€849 | +20.3% |
| Other operating charges | 640/8 | €1,901 | €795 | -€1,106 | -58.2% |
| Non-recurring operating charges | 66A | - | €59 | +€59 | |
| Gross operating margin | 9900 | €49,089 | €49,370 | +€281 | +0.6% |
| Operating profit (loss) | 9901 | €43,003 | €43,483 | +€480 | +1.1% |
| Financial income | 75/76B | €1,888 | €1,251 | -€637 | -33.8% |
| Recurring financial income | 75 | €1,888 | €1,251 | -€637 | -33.8% |
| Financial charges | 65/66B | €1,617 | €1,903 | +€286 | +17.7% |
| Recurring financial charges | 65 | €1,617 | €1,903 | +€286 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €43,274 | €42,831 | -€443 | -1.0% |
| Income taxes | 67/77 | €12,869 | €12,447 | -€421 | -3.3% |
| Profit (loss) for the period | 9904 | €30,406 | €30,384 | -€22 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,406 | €30,384 | -€22 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.