COSTIN CONSTRUCT: 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.
COSTIN CONSTRUCT
Largest movements
- Stocks and contracts -€26,619
no longer reported in 2025 (was €26,619)
- Receivables within one year +€11,622
up €11,622 (+18.0%), from €64,429 to €76,051
of which Other amounts receivable: +€19,558
- Cash -€7,194
down €7,194 (-92.1%), from €7,814 to €620
mainly Tax, wage and social debts (-€23,545) and Receivables within one year (-€11,622)
- Tangible fixed assets +€4,600
up €4,600 (+151%), from €3,039 to €7,639
of which Furniture and vehicles: +€5,216
- Tax, wage and social debts -€23,545
down €23,545 (-71.7%), from €32,857 to €9,312
- Profit (loss) carried forward +€9,089
up €9,089 (+10.4%), from €87,547 to €96,636
- Trade debts -€4,102
down €4,102 (-10.9%), from €37,674 to €33,571
- Depreciation -€18,353
down €18,353 (-85.0%), from €21,584 to €3,231
- Gross operating margin -€9,369
down €9,369 (-41.1%), from €22,816 to €13,447
- Taxes +€658
up €658 (+620%), from €106 to €764
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 | €239,849 | €220,451 | -€19,398 | -8.1% |
| Fixed assets | 21/28 | €6,039 | €10,639 | +€4,600 | +76.2% |
| Tangible fixed assets | 22/27 | €3,039 | €7,639 | +€4,600 | +151% |
| Plant, machinery and equipment | 23 | €1,376 | €760 | -€617 | -44.8% |
| Furniture and vehicles | 24 | €1,663 | €6,879 | +€5,216 | +314% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €233,810 | €209,812 | -€23,998 | -10.3% |
| Amounts receivable after more than one year | 29 | €133,141 | €133,141 | = | 0.0% |
| Other amounts receivable | 291 | €133,141 | €133,141 | = | 0.0% |
| Stocks and contracts in progress | 3 | €26,619 | - | -€26,619 | |
| Stocks | 30/36 | €26,619 | - | -€26,619 | |
| Amounts receivable within one year | 40/41 | €64,429 | €76,051 | +€11,622 | +18.0% |
| Trade receivables | 40 | €12,009 | €4,073 | -€7,936 | -66.1% |
| Other amounts receivable | 41 | €52,420 | €71,978 | +€19,558 | +37.3% |
| Cash at bank and in hand | 54/58 | €7,814 | €620 | -€7,194 | -92.1% |
| Deferred charges and accrued income | 490/1 | €1,807 | - | -€1,807 | |
| Total equity and liabilities | 10/49 | €239,849 | €220,451 | -€19,398 | -8.1% |
| Equity | 10/15 | €168,107 | €177,196 | +€9,089 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,360 | €74,360 | = | 0.0% |
| Distributable reserves | 133 | €74,360 | €74,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,547 | €96,636 | +€9,089 | +10.4% |
| Amounts payable | 17/49 | €71,742 | €43,254 | -€28,487 | -39.7% |
| Amounts payable within one year | 42/48 | €71,742 | €43,254 | -€28,487 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €1,211 | - | -€1,211 | |
| Financial debts | 43 | - | €371 | +€371 | |
| Credit institutions | 430/8 | - | €371 | +€371 | |
| Trade debts | 44 | €37,674 | €33,571 | -€4,102 | -10.9% |
| Suppliers | 440/4 | €37,674 | €33,571 | -€4,102 | -10.9% |
| Taxes, remuneration and social security | 45 | €32,857 | €9,312 | -€23,545 | -71.7% |
| Taxes | 450/3 | €32,857 | €9,312 | -€23,545 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,584 | €3,231 | -€18,353 | -85.0% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €22,816 | €13,447 | -€9,369 | -41.1% |
| Operating profit (loss) | 9901 | €1,231 | €10,152 | +€8,921 | +724% |
| Financial income | 75/76B | €22 | €6 | -€16 | -72.1% |
| Recurring financial income | 75 | €22 | €6 | -€16 | -72.1% |
| Financial charges | 65/66B | €373 | €305 | -€68 | -18.1% |
| Recurring financial charges | 65 | €373 | €305 | -€68 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €880 | €9,853 | +€8,973 | +1,019% |
| Income taxes | 67/77 | €106 | €764 | +€658 | +620% |
| Profit (loss) for the period | 9904 | €774 | €9,089 | +€8,315 | +1,074% |
| Profit (loss) for the period to be appropriated | 9905 | €774 | €9,089 | +€8,315 | +1,074% |
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.