Costeau: 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.
Costeau
Largest movements
- Cash -€3,059
down €3,059 (-6.6%), from €46,678 to €43,619
mainly Investment in fixed assets (net) (-€2,380) and Net result for the year (-€1,877)
- Stocks and contracts +€1,511
new in 2025: €1,511
- Tangible fixed assets -€644
down €644 (-3.6%), from €17,693 to €17,049
of which Other tangible fixed assets: -€2,100
- Reserves -€1,877
down €1,877 (-7.5%), from €25,132 to €23,255
- Tax, wage and social debts -€1,288
down €1,288 (-19.9%), from €6,474 to €5,186
- Trade debts +€1,056
up €1,056 (+90.1%), from €1,172 to €2,228
- Gross operating margin -€18,364
down €18,364 (-90.4%), from €20,304 to €1,940
- Taxes -€3,757
no longer reported in 2025 (was €3,757)
- Depreciation +€909
up €909 (+43.0%), from €2,116 to €3,025
- Other operating charges +€684
up €684 (+622.1%), from €110 to €794
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.
Cash bridge derived
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 | €64,409 | €62,432 | -€1,977 | -3.1% |
| Fixed assets | 21/28 | €17,693 | €17,049 | -€644 | -3.6% |
| Tangible fixed assets | 22/27 | €17,693 | €17,049 | -€644 | -3.6% |
| Furniture and vehicles | 24 | €2,366 | €3,822 | +€1,456 | +61.5% |
| Other tangible fixed assets | 26 | €15,327 | €13,227 | -€2,100 | -13.7% |
| Current assets | 29/58 | €46,715 | €45,383 | -€1,332 | -2.9% |
| Stocks and contracts in progress | 3 | - | €1,511 | +€1,511 | |
| Stocks | 30/36 | - | €1,511 | +€1,511 | |
| Amounts receivable within one year | 40/41 | - | €253 | +€253 | |
| Trade receivables | 40 | - | €253 | +€253 | |
| Cash at bank and in hand | 54/58 | €46,678 | €43,619 | -€3,059 | -6.6% |
| Deferred charges and accrued income | 490/1 | €38 | - | -€38 | |
| Total equity and liabilities | 10/49 | €64,409 | €62,432 | -€1,977 | -3.1% |
| Equity | 10/15 | €35,132 | €33,255 | -€1,877 | -5.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,132 | €23,255 | -€1,877 | -7.5% |
| Distributable reserves | 133 | €25,132 | €23,255 | -€1,877 | -7.5% |
| Amounts payable | 17/49 | €29,276 | €29,177 | -€99 | -0.3% |
| Amounts payable after more than one year | 17 | €21,000 | €21,000 | = | 0.0% |
| Other amounts payable | 178/9 | €21,000 | €21,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,276 | €8,177 | -€99 | -1.2% |
| Trade debts | 44 | €1,172 | €2,228 | +€1,056 | +90.1% |
| Suppliers | 440/4 | €1,172 | €2,228 | +€1,056 | +90.1% |
| Taxes, remuneration and social security | 45 | €6,474 | €5,186 | -€1,288 | -19.9% |
| Taxes | 450/3 | €6,474 | €5,186 | -€1,288 | -19.9% |
| Other amounts payable | 47/48 | €630 | €763 | +€133 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,116 | €3,025 | +€909 | +43.0% |
| Other operating charges | 640/8 | €110 | €794 | +€684 | +622.1% |
| Gross operating margin | 9900 | €20,304 | €1,940 | -€18,364 | -90.4% |
| Operating profit (loss) | 9901 | €18,079 | -€1,879 | -€19,957 | |
| Financial income | 75/76B | €7 | €77 | +€70 | +1003.6% |
| Recurring financial income | 75 | €7 | €77 | +€70 | +1003.6% |
| Financial charges | 65/66B | €155 | €75 | -€80 | -51.4% |
| Recurring financial charges | 65 | €155 | €75 | -€80 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €17,930 | -€1,877 | -€19,808 | |
| Income taxes | 67/77 | €3,757 | - | -€3,757 | |
| Profit (loss) for the period | 9904 | €14,174 | -€1,877 | -€16,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,174 | -€1,877 | -€16,051 |
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 9 October 2026 via checked.be.