COSTERS: 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.
COSTERS
Largest movements
- Tangible fixed assets +€51,816
up €51,816 (+105%), from €49,183 to €100,999
of which Plant, machinery and equipment: +€51,026
- Cash -€37,505
down €37,505 (-47.1%), from €79,579 to €42,074
mainly Investment in fixed assets (net) (-€72,717) and Receivables within one year (-€9,103)
- Receivables within one year +€9,103
up €9,103 (+71.5%), from €12,729 to €21,832
of which Trade receivables: +€6,973
- Reserves +€14,765
up €14,765 (+64.3%), from €22,970 to €37,735
- Profit (loss) carried forward +€10,749
up €10,749, from -€10,749 to €0
- Trade debts -€1,910
down €1,910 (-1.8%), from €108,301 to €106,391
- Gross operating margin +€14,192
up €14,192 (+37.6%), from €37,752 to €51,943
- Depreciation +€5,788
up €5,788 (+38.3%), from €15,114 to €20,901
- Taxes +€4,485
new in 2025: €4,485
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 | €141,491 | €164,965 | +€23,474 | +16.6% |
| Fixed assets | 21/28 | €49,183 | €100,999 | +€51,816 | +105% |
| Tangible fixed assets | 22/27 | €49,183 | €100,999 | +€51,816 | +105% |
| Plant, machinery and equipment | 23 | €31,228 | €82,254 | +€51,026 | +163% |
| Furniture and vehicles | 24 | €17,955 | €18,745 | +€790 | +4.4% |
| Current assets | 29/58 | €92,308 | €63,966 | -€28,342 | -30.7% |
| Amounts receivable within one year | 40/41 | €12,729 | €21,832 | +€9,103 | +71.5% |
| Trade receivables | 40 | €7,669 | €14,642 | +€6,973 | +90.9% |
| Other amounts receivable | 41 | €5,060 | €7,190 | +€2,130 | +42.1% |
| Cash at bank and in hand | 54/58 | €79,579 | €42,074 | -€37,505 | -47.1% |
| Deferred charges and accrued income | 490/1 | €0 | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €141,491 | €164,965 | +€23,474 | +16.6% |
| Equity | 10/15 | €27,221 | €52,735 | +€25,514 | +93.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €22,970 | €37,735 | +€14,765 | +64.3% |
| Distributable reserves | 133 | €22,970 | €37,735 | +€14,765 | +64.3% |
| Profit (loss) carried forward | 14 | -€10,749 | €0 | +€10,749 | |
| Amounts payable | 17/49 | €114,271 | €112,230 | -€2,040 | -1.8% |
| Amounts payable within one year | 42/48 | €114,271 | €112,230 | -€2,040 | -1.8% |
| Trade debts | 44 | €108,301 | €106,391 | -€1,910 | -1.8% |
| Suppliers | 440/4 | €108,301 | €106,391 | -€1,910 | -1.8% |
| Other amounts payable | 47/48 | €5,970 | €5,840 | -€130 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,114 | €20,901 | +€5,788 | +38.3% |
| Other operating charges | 640/8 | €304 | €654 | +€349 | +115% |
| Gross operating margin | 9900 | €37,752 | €51,943 | +€14,192 | +37.6% |
| Operating profit (loss) | 9901 | €22,334 | €30,388 | +€8,055 | +36.1% |
| Financial income | 75/76B | €1 | €37 | +€36 | +3,103% |
| Recurring financial income | 75 | €1 | €37 | +€36 | +3,103% |
| Financial charges | 65/66B | €426 | €426 | +€0 | 0.0% |
| Recurring financial charges | 65 | €426 | €426 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,909 | €30,000 | +€8,091 | +36.9% |
| Income taxes | 67/77 | - | €4,485 | +€4,485 | |
| Profit (loss) for the period | 9904 | €21,909 | €25,514 | +€3,606 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,909 | €25,514 | +€3,606 | +16.5% |
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 14 October 2026 via checked.be.