Costermans Construct: what changed
Two fiscal 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 Construct
Largest movements
- Current investments +€34,742
up €34,742 (+785.6%), from €4,423 to €39,165
- Cash -€14,556
down €14,556 (-60.3%), from €24,150 to €9,593
mainly Current investments (-€34,742) and Investment in fixed assets (net) (-€9,608)
- Tangible fixed assets -€2,202
down €2,202 (-7.3%), from €30,349 to €28,147
of which Furniture and vehicles: -€4,788
- Reserves +€15,919
up €15,919 (+23.7%), from €67,040 to €82,959
- Trade debts +€2,311
up €2,311 (+11.7%), from €19,699 to €22,010
- Gross operating margin +€5,643
up €5,643 (+18.9%), from €29,927 to €35,571
- Taxes +€1,458
up €1,458 (+24.8%), from €5,878 to €7,336
- Depreciation +€410
up €410 (+3.6%), from €11,400 to €11,810
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 | €91,126 | €108,971 | +€17,845 | +19.6% |
| Fixed assets | 21/28 | €30,349 | €28,147 | -€2,202 | -7.3% |
| Tangible fixed assets | 22/27 | €30,349 | €28,147 | -€2,202 | -7.3% |
| Plant, machinery and equipment | 23 | €4,987 | €9,180 | +€4,193 | +84.1% |
| Furniture and vehicles | 24 | €17,796 | €13,008 | -€4,788 | -26.9% |
| Other tangible fixed assets | 26 | €7,566 | €5,959 | -€1,607 | -21.2% |
| Current assets | 29/58 | €60,778 | €80,824 | +€20,047 | +33.0% |
| Amounts receivable within one year | 40/41 | €32,167 | €31,778 | -€388 | -1.2% |
| Trade receivables | 40 | €15,442 | €23,756 | +€8,313 | +53.8% |
| Other amounts receivable | 41 | €16,724 | €8,023 | -€8,702 | -52.0% |
| Current investments | 50/53 | €4,423 | €39,165 | +€34,742 | +785.6% |
| Cash at bank and in hand | 54/58 | €24,150 | €9,593 | -€14,556 | -60.3% |
| Deferred charges and accrued income | 490/1 | €39 | €288 | +€249 | +645.5% |
| Total equity and liabilities | 10/49 | €91,126 | €108,971 | +€17,845 | +19.6% |
| Equity | 10/15 | €71,040 | €86,959 | +€15,919 | +22.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €67,040 | €82,959 | +€15,919 | +23.7% |
| Distributable reserves | 133 | €67,040 | €82,959 | +€15,919 | +23.7% |
| Amounts payable | 17/49 | €20,086 | €22,012 | +€1,926 | +9.6% |
| Amounts payable within one year | 42/48 | €19,699 | €22,012 | +€2,313 | +11.7% |
| Trade debts | 44 | €19,699 | €22,010 | +€2,311 | +11.7% |
| Suppliers | 440/4 | €19,699 | €22,010 | +€2,311 | +11.7% |
| Other amounts payable | 47/48 | - | €2 | +€2 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,400 | €11,810 | +€410 | +3.6% |
| Other operating charges | 640/8 | €542 | €618 | +€76 | +14.1% |
| Gross operating margin | 9900 | €29,927 | €35,571 | +€5,643 | +18.9% |
| Operating profit (loss) | 9901 | €17,986 | €23,142 | +€5,157 | +28.7% |
| Financial income | 75/76B | €389 | €553 | +€164 | +42.1% |
| Recurring financial income | 75 | €389 | €553 | +€164 | +42.1% |
| Financial charges | 65/66B | €242 | €439 | +€197 | +81.3% |
| Recurring financial charges | 65 | €242 | €439 | +€197 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €18,132 | €23,255 | +€5,124 | +28.3% |
| Income taxes | 67/77 | €5,878 | €7,336 | +€1,458 | +24.8% |
| Profit (loss) for the period | 9904 | €12,254 | €15,919 | +€3,666 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,254 | €15,919 | +€3,666 | +29.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.