COAST PROJECTS: 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.
COAST PROJECTS
Largest movements
- Stocks and contracts -€285,048
down €285,048 (-40.7%), from €700,791 to €415,743
- Cash +€180,445
up €180,445 (+88.4%), from €204,207 to €384,652
mainly Stocks and contracts (+€285,048) and Advances received (+€153,366)
- Tangible fixed assets +€153,001
up €153,001 (+1,041%), from €14,695 to €167,696
of which Other tangible fixed assets: +€164,798
- Receivables within one year +€107,231
up €107,231 (+361%), from €29,698 to €136,929
of which Trade receivables: +€96,886
- Debts after one year -€247,663
down €247,663 (-39.9%), from €621,344 to €373,681
- Advances received +€153,366
up €153,366 (+286%), from €53,610 to €206,976
- Tax, wage and social debts +€120,351
up €120,351 (+503%), from €23,916 to €144,267
of which Taxes: +€119,601
- Trade debts +€92,134
up €92,134 (+284%), from €32,424 to €124,557
- Reserves +€44,219
up €44,219 (+25.4%), from €174,428 to €218,647
of which Distributable reserves: +€44,219
- Financial charges +€8,817
up €8,817 (+53.3%), from €16,530 to €25,347
- Gross operating margin -€3,688
down €3,688 (-3.4%), from €109,100 to €105,412
- Taxes -€2,928
down €2,928 (-10.9%), from €26,737 to €23,810
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 | €949,391 | €1,105,128 | +€155,737 | +16.4% |
| Fixed assets | 21/28 | €14,695 | €167,696 | +€153,001 | +1,041% |
| Tangible fixed assets | 22/27 | €14,695 | €167,696 | +€153,001 | +1,041% |
| Land and buildings | 22 | €3,724 | €981 | -€2,743 | -73.7% |
| Furniture and vehicles | 24 | €10,972 | €1,918 | -€9,053 | -82.5% |
| Other tangible fixed assets | 26 | - | €164,798 | +€164,798 | |
| Current assets | 29/58 | €934,695 | €937,432 | +€2,736 | +0.3% |
| Stocks and contracts in progress | 3 | €700,791 | €415,743 | -€285,048 | -40.7% |
| Stocks | 30/36 | €700,791 | €415,743 | -€285,048 | -40.7% |
| Amounts receivable within one year | 40/41 | €29,698 | €136,929 | +€107,231 | +361% |
| Trade receivables | 40 | €29,698 | €126,584 | +€96,886 | +326% |
| Other amounts receivable | 41 | - | €10,345 | +€10,345 | |
| Cash at bank and in hand | 54/58 | €204,207 | €384,652 | +€180,445 | +88.4% |
| Deferred charges and accrued income | 490/1 | - | €108 | +€108 | |
| Total equity and liabilities | 10/49 | €949,391 | €1,105,128 | +€155,737 | +16.4% |
| Equity | 10/15 | €203,387 | €247,607 | +€44,219 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,428 | €218,647 | +€44,219 | +25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €172,568 | €216,787 | +€44,219 | +25.6% |
| Profit (loss) carried forward | 14 | €10,359 | €10,359 | = | 0.0% |
| Amounts payable | 17/49 | €746,003 | €857,521 | +€111,518 | +14.9% |
| Amounts payable after more than one year | 17 | €621,344 | €373,681 | -€247,663 | -39.9% |
| Financial debts | 170/4 | €621,344 | €373,681 | -€247,663 | -39.9% |
| Amounts payable within one year | 42/48 | €123,659 | €482,197 | +€358,538 | +290% |
| Current portion of amounts payable after more than one year | 42 | €6,314 | €6,397 | +€83 | +1.3% |
| Trade debts | 44 | €32,424 | €124,557 | +€92,134 | +284% |
| Suppliers | 440/4 | €32,424 | €124,557 | +€92,134 | +284% |
| Advances received on contracts in progress | 46 | €53,610 | €206,976 | +€153,366 | +286% |
| Taxes, remuneration and social security | 45 | €23,916 | €144,267 | +€120,351 | +503% |
| Taxes | 450/3 | €21,916 | €141,517 | +€119,601 | +546% |
| Remuneration and social security | 454/9 | €2,000 | €2,750 | +€750 | +37.5% |
| Other amounts payable | 47/48 | €7,396 | - | -€7,396 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,643 | +€643 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,535 | €11,796 | -€738 | -5.9% |
| Other operating charges | 640/8 | €3,050 | €2,359 | -€691 | -22.7% |
| Gross operating margin | 9900 | €109,100 | €105,412 | -€3,688 | -3.4% |
| Operating profit (loss) | 9901 | €93,515 | €91,257 | -€2,259 | -2.4% |
| Financial income | 75/76B | €1,100 | €2,120 | +€1,020 | +92.8% |
| Recurring financial income | 75 | €1,100 | €2,120 | +€1,020 | +92.8% |
| Financial charges | 65/66B | €16,530 | €25,347 | +€8,817 | +53.3% |
| Recurring financial charges | 65 | €16,530 | €25,347 | +€8,817 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €78,085 | €68,029 | -€10,056 | -12.9% |
| Income taxes | 67/77 | €26,737 | €23,810 | -€2,928 | -10.9% |
| Profit (loss) for the period | 9904 | €51,347 | €44,219 | -€7,128 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,347 | €44,219 | -€7,128 | -13.9% |
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 13 October 2026 via checked.be.