COSTEBELLE: 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.
COSTEBELLE
Largest movements
- Cash +€14,271
up €14,271 (+29.6%), from €48,279 to €62,550
mainly Net result for the year (+€21,350) and Depreciation (+€2,432)
- Profit (loss) carried forward +€21,350
up €21,350 (+18.8%), from -€113,511 to -€92,161
- Debts after one year -€10,000
down €10,000 (-11.6%), from €86,500 to €76,500
- Gross operating margin -€4,015
down €4,015 (-10.8%), from €37,218 to €33,203
- Depreciation -€926
down €926 (-27.6%), from €3,358 to €2,432
- Other operating charges -€836
down €836 (-12.2%), from €6,853 to €6,017
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 | €405,462 | €420,116 | +€14,653 | +3.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €356,517 | €356,786 | +€269 | +0.1% |
| Tangible fixed assets | 22/27 | €354,580 | €352,148 | -€2,432 | -0.7% |
| Land and buildings | 22 | €339,082 | €338,753 | -€330 | -0.1% |
| Plant, machinery and equipment | 23 | €15,224 | €13,395 | -€1,829 | -12.0% |
| Furniture and vehicles | 24 | €274 | €0 | -€274 | -100% |
| Financial fixed assets | 28 | €1,937 | €4,638 | +€2,701 | +139% |
| Current assets | 29/58 | €48,945 | €63,329 | +€14,384 | +29.4% |
| Amounts receivable within one year | 40/41 | - | €45 | +€45 | |
| Other amounts receivable | 41 | - | €45 | +€45 | |
| Cash at bank and in hand | 54/58 | €48,279 | €62,550 | +€14,271 | +29.6% |
| Deferred charges and accrued income | 490/1 | €666 | €734 | +€68 | +10.2% |
| Total equity and liabilities | 10/49 | €405,462 | €420,116 | +€14,653 | +3.6% |
| Equity | 10/15 | €316,829 | €338,179 | +€21,350 | +6.7% |
| Contributions | 10/11 | €430,000 | €430,000 | = | 0.0% |
| Capital | 10 | €430,000 | €430,000 | = | 0.0% |
| Issued capital | 100 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €340 | €340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €340 | €340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €340 | €340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,511 | -€92,161 | +€21,350 | +18.8% |
| Amounts payable | 17/49 | €88,634 | €81,937 | -€6,697 | -7.6% |
| Amounts payable after more than one year | 17 | €86,500 | €76,500 | -€10,000 | -11.6% |
| Other amounts payable | 178/9 | €86,500 | €76,500 | -€10,000 | -11.6% |
| Amounts payable within one year | 42/48 | €2,134 | €5,437 | +€3,303 | +155% |
| Trade debts | 44 | €160 | €252 | +€92 | +57.6% |
| Suppliers | 440/4 | €160 | €252 | +€92 | +57.6% |
| Taxes, remuneration and social security | 45 | €1,096 | €2,076 | +€979 | +89.3% |
| Taxes | 450/3 | €1,096 | €2,076 | +€979 | +89.3% |
| Other amounts payable | 47/48 | €878 | €3,110 | +€2,232 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,358 | €2,432 | -€926 | -27.6% |
| Other operating charges | 640/8 | €6,853 | €6,017 | -€836 | -12.2% |
| Gross operating margin | 9900 | €37,218 | €33,203 | -€4,015 | -10.8% |
| Operating profit (loss) | 9901 | €27,006 | €24,753 | -€2,253 | -8.3% |
| Financial income | 75/76B | €105 | €174 | +€69 | +65.9% |
| Recurring financial income | 75 | €105 | €174 | +€69 | +65.9% |
| Financial charges | 65/66B | €3,588 | €3,554 | -€34 | -0.9% |
| Recurring financial charges | 65 | €3,588 | €3,554 | -€34 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €23,523 | €21,373 | -€2,150 | -9.1% |
| Income taxes | 67/77 | €90 | €23 | -€67 | -74.4% |
| Profit (loss) for the period | 9904 | €23,433 | €21,350 | -€2,083 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,433 | €21,350 | -€2,083 | -8.9% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.