Costenoble: 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.
Costenoble
Largest movements
- Cash -€678,904
down €678,904 (-67.0%), from €1.0m to €334,183
mainly Contributions, distributions and other (-€312,013) and Investment in fixed assets (net) (-€305,173)
- Tangible fixed assets +€283,893
up €283,893 (+1,938%), from €14,647 to €298,540
of which Land and buildings: +€277,634
- Reserves -€237,456
down €237,456 (-22.0%), from €1.1m to €842,109
of which Distributable reserves: -€237,456
- Current portion of long-term debt -€106,220
down €106,220 (-72.6%), from €146,220 to €40,000
- Other debts -€29,126
down €29,126 (-100%), from €29,126 to €0
- Gross operating margin -€439,687
down €439,687 (-78.9%), from €557,109 to €117,422
- Taxes -€144,474
down €144,474 (-81.9%), from €176,462 to €31,988
- Depreciation +€14,789
up €14,789 (+228%), from €6,491 to €21,280
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 | €1,319,827 | €931,119 | -€388,708 | -29.5% |
| Fixed assets | 21/28 | €14,692 | €298,585 | +€283,893 | +1,932% |
| Tangible fixed assets | 22/27 | €14,647 | €298,540 | +€283,893 | +1,938% |
| Land and buildings | 22 | €0 | €277,634 | +€277,634 | |
| Plant, machinery and equipment | 23 | €963 | €2,726 | +€1,762 | +183% |
| Furniture and vehicles | 24 | €13,684 | €18,181 | +€4,497 | +32.9% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €1,305,135 | €632,534 | -€672,601 | -51.5% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,386 | €47,529 | +€9,144 | +23.8% |
| Trade receivables | 40 | €37,187 | €22,434 | -€14,754 | -39.7% |
| Other amounts receivable | 41 | €1,199 | €25,096 | +€23,897 | +1,994% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,013,086 | €334,183 | -€678,904 | -67.0% |
| Deferred charges and accrued income | 490/1 | €3,663 | €822 | -€2,840 | -77.6% |
| Total equity and liabilities | 10/49 | €1,319,827 | €931,119 | -€388,708 | -29.5% |
| Equity | 10/15 | €1,098,164 | €860,709 | -€237,456 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,079,564 | €842,109 | -€237,456 | -22.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,079,564 | €842,109 | -€237,456 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €221,663 | €70,411 | -€151,252 | -68.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €221,663 | €70,411 | -€151,252 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €146,220 | €40,000 | -€106,220 | -72.6% |
| Trade debts | 44 | €24,298 | €17,878 | -€6,420 | -26.4% |
| Suppliers | 440/4 | €24,298 | €17,878 | -€6,420 | -26.4% |
| Taxes, remuneration and social security | 45 | €22,019 | €12,533 | -€9,487 | -43.1% |
| Taxes | 450/3 | €22,019 | €12,533 | -€9,487 | -43.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,126 | €0 | -€29,126 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €424,909 | €0 | -€424,909 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,491 | €21,280 | +€14,789 | +228% |
| Other operating charges | 640/8 | €577 | €194 | -€383 | -66.4% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €557,109 | €117,422 | -€439,687 | -78.9% |
| Operating profit (loss) | 9901 | €550,041 | €95,903 | -€454,138 | -82.6% |
| Financial income | 75/76B | €14,056 | €13,235 | -€821 | -5.8% |
| Recurring financial income | 75 | €10,124 | €10,623 | +€500 | +4.9% |
| Non-recurring financial income | 76B | €3,932 | €2,612 | -€1,320 | -33.6% |
| Financial charges | 65/66B | €2,945 | €2,592 | -€352 | -12.0% |
| Recurring financial charges | 65 | €2,945 | €2,592 | -€352 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €561,152 | €106,546 | -€454,606 | -81.0% |
| Income taxes | 67/77 | €176,462 | €31,988 | -€144,474 | -81.9% |
| Profit (loss) for the period | 9904 | €384,690 | €74,557 | -€310,133 | -80.6% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €426,790 | €74,557 | -€352,233 | -82.5% |
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 26 October 2026 via checked.be.