COSTA VERDE: 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.
What changed
COSTA VERDE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,646
2024 · €284,179-€282,532
Equity
€559,787
2024 · €558,140+€1,646
Cash
€2,331
2024 · €593,570-€591,238
Balance sheet total
€670,455
2024 · €669,884+€572
Largest movements
Assets
- Receivables after one year +€595,000
up €595,000 (+815%), from €73,000 to €668,000
- Cash -€591,238
down €591,238 (-99.6%), from €593,570 to €2,331
mainly Receivables after one year (-€595,000)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€403,219
down €403,219 (-98.7%), from €408,652 to €5,432
- Taxes -€85,226
down €85,226 (-100.0%), from €85,232 to €6
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.
Result 2024
€284,179
Gross operating margin
-€403,219
Other operating charges
+€1,019
Financial income
-€1,850
Financial charges
+€2,985
Taxes
+€85,226
Deferred taxes and other
+€33,306
Result 2025
€1,646
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€591,288
Investment
+€50
Financing
€0
Cash 2024
€593,570
From operations (derived)
-€591,288
Net result for the year
+€1,646
Receivables after one year
-€595,000
Smaller working-capital items
+€215
Deferred charges and accrued income
+€1,850
Investment (derived)
+€50
Investment in fixed assets (net)
+€50
Cash 2025
€2,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,884 | €670,455 | +€572 | +0.1% |
| Fixed assets | 21/28 | €174 | €124 | -€50 | -28.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €174 | €124 | -€50 | -28.7% |
| Current assets | 29/58 | €669,710 | €670,331 | +€622 | +0.1% |
| Amounts receivable after more than one year | 29 | €73,000 | €668,000 | +€595,000 | +815% |
| Other amounts receivable | 291 | €73,000 | €668,000 | +€595,000 | +815% |
| Amounts receivable within one year | 40/41 | €1,290 | €0 | -€1,290 | -100% |
| Trade receivables | 40 | €1,290 | €0 | -€1,290 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €593,570 | €2,331 | -€591,238 | -99.6% |
| Deferred charges and accrued income | 490/1 | €1,850 | €0 | -€1,850 | -100% |
| Total equity and liabilities | 10/49 | €669,884 | €670,455 | +€572 | +0.1% |
| Equity | 10/15 | €558,140 | €559,787 | +€1,646 | +0.3% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €451,368 | €451,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,646 | €152,646 | = | 0.0% |
| Distributable reserves | 133 | €296,739 | €296,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,941 | €88,588 | +€1,646 | +1.9% |
| Provisions and deferred taxes | 16 | €92,057 | €92,057 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €58,751 | €58,751 | = | 0.0% |
| Pensions and similar obligations | 160 | €58,751 | €58,751 | = | 0.0% |
| Deferred taxes | 168 | €33,306 | €33,306 | = | 0.0% |
| Amounts payable | 17/49 | €19,686 | €18,611 | -€1,075 | -5.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,686 | €18,611 | -€1,075 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €296 | €50 | -€246 | -83.1% |
| Suppliers | 440/4 | €296 | €50 | -€246 | -83.1% |
| Taxes, remuneration and social security | 45 | €18,988 | €18,428 | -€560 | -2.9% |
| Taxes | 450/3 | €18,988 | €18,428 | -€560 | -2.9% |
| Other amounts payable | 47/48 | €401 | €133 | -€268 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €0 | = | |
| Other operating charges | 640/8 | €4,556 | €3,536 | -€1,019 | -22.4% |
| Gross operating margin | 9900 | €408,652 | €5,432 | -€403,219 | -98.7% |
| Operating profit (loss) | 9901 | €404,096 | €1,896 | -€402,200 | -99.5% |
| Financial income | 75/76B | €1,850 | - | -€1,850 | |
| Recurring financial income | 75 | €1,850 | - | -€1,850 | |
| Financial charges | 65/66B | €3,228 | €243 | -€2,985 | -92.5% |
| Recurring financial charges | 65 | €3,228 | €243 | -€2,985 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €402,717 | €1,653 | -€401,065 | -99.6% |
| Transfer to deferred taxes | 680 | €33,306 | - | -€33,306 | |
| Income taxes | 67/77 | €85,232 | €6 | -€85,226 | -100.0% |
| Profit (loss) for the period | 9904 | €284,179 | €1,646 | -€282,532 | -99.4% |
| Transfer to tax-exempt reserves | 689 | €99,919 | - | -€99,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €184,260 | €1,646 | -€182,614 | -99.1% |
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 18 October 2026 via checked.be.