COSTAM: 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.
COSTAM
Largest movements
- Current investments -€20,000
down €20,000 (-28.5%), from €70,183 to €50,183
- Cash +€18,278
up €18,278 (+324%), from €5,644 to €23,922
mainly Current investments (+€20,000) and Depreciation (+€115)
- Trade debts -€1,309
down €1,309 (-76.6%), from €1,709 to €400
- Gross operating margin +€15,208
up €15,208 (+88.4%), from -€17,199 to -€1,991
- Financial income +€2,263
up €2,263 (+870%), from €260 to €2,523
- Financial charges -€1,144
down €1,144 (-87.7%), from €1,305 to €161
- Depreciation -€252
down €252 (-68.8%), from €367 to €115
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 | €76,808 | €75,045 | -€1,763 | -2.3% |
| Fixed assets | 21/28 | €115 | - | -€115 | |
| Tangible fixed assets | 22/27 | €115 | - | -€115 | |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Current assets | 29/58 | €76,694 | €75,045 | -€1,649 | -2.2% |
| Amounts receivable within one year | 40/41 | €716 | €734 | +€17 | +2.4% |
| Trade receivables | 40 | €499 | - | -€499 | |
| Other amounts receivable | 41 | €217 | €734 | +€516 | +237% |
| Current investments | 50/53 | €70,183 | €50,183 | -€20,000 | -28.5% |
| Cash at bank and in hand | 54/58 | €5,644 | €23,922 | +€18,278 | +324% |
| Deferred charges and accrued income | 490/1 | €150 | €206 | +€56 | +37.2% |
| Total equity and liabilities | 10/49 | €76,808 | €75,045 | -€1,763 | -2.3% |
| Equity | 10/15 | €74,942 | €74,608 | -€333 | -0.4% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €112,028 | €112,028 | = | 0.0% |
| Distributable reserves | 133 | €112,028 | €112,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,489 | -€49,822 | -€333 | -0.7% |
| Amounts payable | 17/49 | €1,867 | €437 | -€1,430 | -76.6% |
| Amounts payable within one year | 42/48 | €1,867 | €437 | -€1,430 | -76.6% |
| Trade debts | 44 | €1,709 | €400 | -€1,309 | -76.6% |
| Suppliers | 440/4 | €1,709 | €400 | -€1,309 | -76.6% |
| Taxes, remuneration and social security | 45 | €48 | - | -€48 | |
| Taxes | 450/3 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €111 | €37 | -€74 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €115 | -€252 | -68.8% |
| Other operating charges | 640/8 | €561 | €577 | +€16 | +2.9% |
| Gross operating margin | 9900 | -€17,199 | -€1,991 | +€15,208 | +88.4% |
| Operating profit (loss) | 9901 | -€18,127 | -€2,683 | +€15,444 | +85.2% |
| Financial income | 75/76B | €260 | €2,523 | +€2,263 | +870% |
| Recurring financial income | 75 | €260 | €2,523 | +€2,263 | +870% |
| Financial charges | 65/66B | €1,305 | €161 | -€1,144 | -87.7% |
| Recurring financial charges | 65 | €1,305 | €161 | -€1,144 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,172 | -€321 | +€18,851 | +98.3% |
| Income taxes | 67/77 | €126 | - | -€126 | |
| Profit (loss) for the period | 9904 | -€19,298 | -€321 | +€18,976 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,298 | -€321 | +€18,976 | +98.3% |
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 29 October 2026 via checked.be.