Costhea: 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.
Costhea
Largest movements
- Cash +€5,852
up €5,852 (+9.8%), from €59,469 to €65,321
mainly Receivables within one year (+€3,053) and Stocks and contracts (+€2,893)
- Receivables within one year -€3,053
down €3,053 (-6.7%), from €45,744 to €42,691
of which Other amounts receivable: -€2,083
- Stocks and contracts -€2,893
down €2,893 (-45.1%), from €6,413 to €3,520
- Tangible fixed assets -€1,932
down €1,932 (-47.6%), from €4,058 to €2,126
of which Plant, machinery and equipment: -€1,492
- Tax, wage and social debts -€5,262
down €5,262 (-40.7%), from €12,917 to €7,655
of which Taxes: -€5,672
- Reserves +€2,245
up €2,245 (+296.3%), from €758 to €3,003
- Write-downs -€43,897
down €43,897, from €32,480 to -€11,417
- Gross operating margin -€21,507
down €21,507 (-37.7%), from €57,106 to €35,600
- Staff costs +€4,037
up €4,037 (+12.4%), from €32,599 to €36,637
- Other operating charges -€632
down €632 (-11.7%), from €5,386 to €4,754
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 | €119,913 | €117,939 | -€1,974 | -1.6% |
| Fixed assets | 21/28 | €7,128 | €5,196 | -€1,932 | -27.1% |
| Tangible fixed assets | 22/27 | €4,058 | €2,126 | -€1,932 | -47.6% |
| Plant, machinery and equipment | 23 | €3,351 | €1,859 | -€1,492 | -44.5% |
| Furniture and vehicles | 24 | €707 | €267 | -€440 | -62.3% |
| Financial fixed assets | 28 | €3,070 | €3,070 | = | 0.0% |
| Current assets | 29/58 | €112,785 | €112,743 | -€42 | 0.0% |
| Stocks and contracts in progress | 3 | €6,413 | €3,520 | -€2,893 | -45.1% |
| Stocks | 30/36 | €6,413 | €3,520 | -€2,893 | -45.1% |
| Amounts receivable within one year | 40/41 | €45,744 | €42,691 | -€3,053 | -6.7% |
| Trade receivables | 40 | €6,358 | €5,388 | -€970 | -15.3% |
| Other amounts receivable | 41 | €39,386 | €37,303 | -€2,083 | -5.3% |
| Cash at bank and in hand | 54/58 | €59,469 | €65,321 | +€5,852 | +9.8% |
| Deferred charges and accrued income | 490/1 | €1,160 | €1,211 | +€52 | +4.4% |
| Total equity and liabilities | 10/49 | €119,913 | €117,939 | -€1,974 | -1.6% |
| Equity | 10/15 | €35,758 | €38,003 | +€2,245 | +6.3% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €758 | €3,003 | +€2,245 | +296.3% |
| Distributable reserves | 133 | €758 | €3,003 | +€2,245 | +296.3% |
| Amounts payable | 17/49 | €84,155 | €79,936 | -€4,219 | -5.0% |
| Amounts payable within one year | 42/48 | €84,155 | €78,956 | -€5,199 | -6.2% |
| Trade debts | 44 | €7,515 | €7,934 | +€419 | +5.6% |
| Suppliers | 440/4 | €7,515 | €7,934 | +€419 | +5.6% |
| Taxes, remuneration and social security | 45 | €12,917 | €7,655 | -€5,262 | -40.7% |
| Taxes | 450/3 | €8,614 | €2,942 | -€5,672 | -65.8% |
| Remuneration and social security | 454/9 | €4,303 | €4,713 | +€410 | +9.5% |
| Other amounts payable | 47/48 | €63,722 | €63,366 | -€356 | -0.6% |
| Accrued charges and deferred income | 492/3 | - | €980 | +€980 | |
| Remuneration, social security and pensions | 62 | €32,599 | €36,637 | +€4,037 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565 | €1,932 | +€367 | +23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,480 | -€11,417 | -€43,897 | |
| Other operating charges | 640/8 | €5,386 | €4,754 | -€632 | -11.7% |
| Gross operating margin | 9900 | €57,106 | €35,600 | -€21,507 | -37.7% |
| Operating profit (loss) | 9901 | -€14,924 | €3,694 | +€18,618 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.3% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.3% |
| Financial charges | 65/66B | €1,444 | €1,449 | +€5 | +0.3% |
| Recurring financial charges | 65 | €1,444 | €1,449 | +€5 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,354 | €2,245 | +€18,599 | |
| Profit (loss) for the period | 9904 | -€16,354 | €2,245 | +€18,599 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,354 | €2,245 | +€18,599 |
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 2 October 2026 via checked.be.