COSTERMANS: 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.
COSTERMANS
Largest movements
- Deferred charges and accrued income -€167,669
down €167,669 (-84.6%), from €198,082 to €30,414
- Receivables within one year +€72,296
up €72,296 (+104.9%), from €68,911 to €141,207
of which Trade receivables: +€73,939
- Tangible fixed assets -€55,922
down €55,922 (-11.7%), from €478,972 to €423,051
of which Plant, machinery and equipment: -€55,922
- Stocks and contracts +€12,277
up €12,277 (+24.7%), from €49,740 to €62,017
- Cash -€9,650
down €9,650 (-11.0%), from €88,041 to €78,391
mainly Accrued charges and deferred income (-€171,228) and Net result for the year (-€78,537)
- Accrued charges and deferred income -€171,228
down €171,228 (-100.0%), from €171,228 to €0
- Trade debts +€109,129
up €109,129 (+229.5%), from €47,543 to €156,672
- Profit (loss) carried forward -€78,537
down €78,537 (-178.9%), from -€43,904 to -€122,441
- Current portion of long-term debt -€50,000
down €50,000 (-66.7%), from €75,000 to €25,000
- Other debts +€19,028
up €19,028 (+1083.3%), from €1,756 to €20,784
- Gross operating margin -€8,706
down €8,706 (-3.2%), from €271,865 to €263,159
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 | €961,019 | €804,663 | -€156,355 | -16.3% |
| Fixed assets | 21/28 | €482,133 | €426,191 | -€55,943 | -11.6% |
| Intangible fixed assets | 21 | €1 | €0 | -€1 | -100.0% |
| Tangible fixed assets | 22/27 | €478,972 | €423,051 | -€55,922 | -11.7% |
| Land and buildings | 22 | €393,000 | €393,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €85,972 | €30,051 | -€55,922 | -65.0% |
| Financial fixed assets | 28 | €3,160 | €3,140 | -€20 | -0.6% |
| Current assets | 29/58 | €478,885 | €378,473 | -€100,413 | -21.0% |
| Amounts receivable after more than one year | 29 | €74,111 | €66,444 | -€7,667 | -10.3% |
| Other amounts receivable | 291 | €74,111 | €66,444 | -€7,667 | -10.3% |
| Stocks and contracts in progress | 3 | €49,740 | €62,017 | +€12,277 | +24.7% |
| Stocks | 30/36 | €49,740 | €62,017 | +€12,277 | +24.7% |
| Amounts receivable within one year | 40/41 | €68,911 | €141,207 | +€72,296 | +104.9% |
| Trade receivables | 40 | €52,314 | €126,253 | +€73,939 | +141.3% |
| Other amounts receivable | 41 | €16,597 | €14,954 | -€1,643 | -9.9% |
| Cash at bank and in hand | 54/58 | €88,041 | €78,391 | -€9,650 | -11.0% |
| Deferred charges and accrued income | 490/1 | €198,082 | €30,414 | -€167,669 | -84.6% |
| Total equity and liabilities | 10/49 | €961,019 | €804,663 | -€156,355 | -16.3% |
| Equity | 10/15 | €405,918 | €327,381 | -€78,537 | -19.3% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Revaluation surpluses | 12 | €282,622 | €282,622 | = | 0.0% |
| Reserves | 13 | €15,200 | €15,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €15,200 | €15,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,904 | -€122,441 | -€78,537 | -178.9% |
| Amounts payable | 17/49 | €555,100 | €477,282 | -€77,818 | -14.0% |
| Amounts payable after more than one year | 17 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Financial debts | 170/4 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Amounts payable within one year | 42/48 | €358,873 | €447,282 | +€88,409 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €25,000 | -€50,000 | -66.7% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €47,543 | €156,672 | +€109,129 | +229.5% |
| Suppliers | 440/4 | €47,543 | €156,672 | +€109,129 | +229.5% |
| Taxes, remuneration and social security | 45 | €34,574 | €44,826 | +€10,253 | +29.7% |
| Taxes | 450/3 | €617 | €11,052 | +€10,436 | +1692.6% |
| Remuneration and social security | 454/9 | €33,957 | €33,774 | -€183 | -0.5% |
| Other amounts payable | 47/48 | €1,756 | €20,784 | +€19,028 | +1083.3% |
| Accrued charges and deferred income | 492/3 | €171,228 | €0 | -€171,228 | -100.0% |
| Non-recurring operating income | 76A | - | €95,396 | +€95,396 | |
| Remuneration, social security and pensions | 62 | €255,542 | €254,877 | -€666 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,159 | €57,155 | -€1,004 | -1.7% |
| Other operating charges | 640/8 | €13,842 | €13,841 | -€1 | 0.0% |
| Non-recurring operating charges | 66A | €0 | €1 | +€1 | |
| Gross operating margin | 9900 | €271,865 | €263,159 | -€8,706 | -3.2% |
| Operating profit (loss) | 9901 | -€55,679 | -€62,715 | -€7,036 | -12.6% |
| Financial income | 75/76B | €3,058 | €2,360 | -€697 | -22.8% |
| Recurring financial income | 75 | €3,058 | €2,360 | -€697 | -22.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €20,112 | €18,006 | -€2,106 | -10.5% |
| Recurring financial charges | 65 | €20,112 | €18,006 | -€2,106 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€72,734 | -€78,361 | -€5,627 | -7.7% |
| Income taxes | 67/77 | €317 | €176 | -€141 | -44.5% |
| Profit (loss) for the period | 9904 | -€73,051 | -€78,537 | -€5,486 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,051 | -€78,537 | -€5,486 | -7.5% |
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 10 October 2026 via checked.be.