COSTELLO: 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.
COSTELLO
Largest movements
- Receivables within one year -€19,132
down €19,132 (-36.4%), from €52,529 to €33,397
of which Trade receivables: -€19,714
- Cash -€14,955
down €14,955 (-27.2%), from €55,020 to €40,065
mainly Advances received (-€31,763) and Contributions, distributions and other (-€24,500)
- Tangible fixed assets -€4,052
down €4,052 (-26.2%), from €15,466 to €11,414
of which Furniture and vehicles: -€4,356
- Deferred charges and accrued income +€1,747
up €1,747 (+18.9%), from €9,257 to €11,004
- Advances received -€31,763
no longer reported in 2025 (was €31,763)
- Reserves -€24,500
down €24,500 (-27.0%), from €90,641 to €66,141
of which Distributable reserves: -€24,500
- Other debts +€16,403
up €16,403 (+558%), from €2,941 to €19,344
- Trade debts +€5,039
up €5,039 (+203%), from €2,483 to €7,522
- Gross operating margin -€8,521
down €8,521 (-38.5%), from €22,146 to €13,625
- Taxes -€2,788
down €2,788 (-61.0%), from €4,567 to €1,779
- Financial charges +€1,857
up €1,857 (+52.9%), from €3,512 to €5,368
- Depreciation -€257
down €257 (-4.2%), from €6,113 to €5,856
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 | €135,271 | €98,879 | -€36,392 | -26.9% |
| Fixed assets | 21/28 | €18,466 | €14,414 | -€4,052 | -21.9% |
| Tangible fixed assets | 22/27 | €15,466 | €11,414 | -€4,052 | -26.2% |
| Plant, machinery and equipment | 23 | €1,385 | €1,689 | +€304 | +21.9% |
| Furniture and vehicles | 24 | €14,081 | €9,725 | -€4,356 | -30.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €116,806 | €84,466 | -€32,340 | -27.7% |
| Amounts receivable within one year | 40/41 | €52,529 | €33,397 | -€19,132 | -36.4% |
| Trade receivables | 40 | €47,378 | €27,663 | -€19,714 | -41.6% |
| Other amounts receivable | 41 | €5,151 | €5,734 | +€583 | +11.3% |
| Cash at bank and in hand | 54/58 | €55,020 | €40,065 | -€14,955 | -27.2% |
| Deferred charges and accrued income | 490/1 | €9,257 | €11,004 | +€1,747 | +18.9% |
| Total equity and liabilities | 10/49 | €135,271 | €98,879 | -€36,392 | -26.9% |
| Equity | 10/15 | €92,196 | €66,898 | -€25,298 | -27.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €90,641 | €66,141 | -€24,500 | -27.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,011 | €1,011 | = | 0.0% |
| Distributable reserves | 133 | €89,579 | €65,079 | -€24,500 | -27.4% |
| Profit (loss) carried forward | 14 | €1,056 | €258 | -€798 | -75.6% |
| Amounts payable | 17/49 | €43,075 | €31,981 | -€11,094 | -25.8% |
| Amounts payable within one year | 42/48 | €43,075 | €31,981 | -€11,094 | -25.8% |
| Trade debts | 44 | €2,483 | €7,522 | +€5,039 | +203% |
| Suppliers | 440/4 | €2,483 | €7,522 | +€5,039 | +203% |
| Advances received on contracts in progress | 46 | €31,763 | - | -€31,763 | |
| Taxes, remuneration and social security | 45 | €5,889 | €5,115 | -€774 | -13.1% |
| Taxes | 450/3 | €4,081 | €3,333 | -€748 | -18.3% |
| Remuneration and social security | 454/9 | €1,808 | €1,782 | -€26 | -1.4% |
| Other amounts payable | 47/48 | €2,941 | €19,344 | +€16,403 | +558% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,113 | €5,856 | -€257 | -4.2% |
| Other operating charges | 640/8 | €1,306 | €1,458 | +€151 | +11.6% |
| Gross operating margin | 9900 | €22,146 | €13,625 | -€8,521 | -38.5% |
| Operating profit (loss) | 9901 | €14,727 | €6,312 | -€8,415 | -57.1% |
| Financial income | 75/76B | €0 | €38 | +€37 | +8,686% |
| Recurring financial income | 75 | €0 | €38 | +€37 | +8,686% |
| Financial charges | 65/66B | €3,512 | €5,368 | +€1,857 | +52.9% |
| Recurring financial charges | 65 | €3,512 | €5,368 | +€1,857 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €11,216 | €981 | -€10,234 | -91.3% |
| Income taxes | 67/77 | €4,567 | €1,779 | -€2,788 | -61.0% |
| Profit (loss) for the period | 9904 | €6,649 | -€798 | -€7,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,649 | -€798 | -€7,447 |
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.