COSTUBO: 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.
COSTUBO
Largest movements
- Cash +€300,782
up €300,782 (+1,849,828%), from €16 to €300,798
mainly Investment in fixed assets (net) (+€163,500) and Net result for the year (+€125,466)
- Tangible fixed assets -€163,500
down €163,500 (-41.7%), from €391,754 to €228,254
of which Assets under construction and advance payments: -€391,754
- Profit (loss) carried forward +€119,493
up €119,493, from -€5,997 to €113,496
- Tax, wage and social debts +€8,408
new in 2025: €8,408
- Reserves +€5,973
new in 2025: €5,973
- Gross operating margin +€167,640
up €167,640, from -€1,176 to €166,464
- Taxes +€40,408
new in 2025: €40,408
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 | €428,167 | €562,678 | +€134,511 | +31.4% |
| Fixed assets | 21/28 | €391,754 | €228,254 | -€163,500 | -41.7% |
| Tangible fixed assets | 22/27 | €391,754 | €228,254 | -€163,500 | -41.7% |
| Land and buildings | 22 | - | €228,254 | +€228,254 | |
| Assets under construction and advance payments | 27 | €391,754 | - | -€391,754 | |
| Current assets | 29/58 | €36,413 | €334,424 | +€298,011 | +818% |
| Amounts receivable within one year | 40/41 | €36,397 | €33,626 | -€2,771 | -7.6% |
| Trade receivables | 40 | - | €33,282 | +€33,282 | |
| Other amounts receivable | 41 | €36,397 | €344 | -€36,053 | -99.1% |
| Cash at bank and in hand | 54/58 | €16 | €300,798 | +€300,782 | +1,849,828% |
| Total equity and liabilities | 10/49 | €428,167 | €562,678 | +€134,511 | +31.4% |
| Equity | 10/15 | €149,003 | €274,470 | +€125,466 | +84.2% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | - | €5,973 | +€5,973 | |
| Non-distributable reserves | 130/1 | - | €5,973 | +€5,973 | |
| Legal reserve | 130 | - | €5,973 | +€5,973 | |
| Profit (loss) carried forward | 14 | -€5,997 | €113,496 | +€119,493 | |
| Amounts payable | 17/49 | €279,164 | €288,208 | +€9,045 | +3.2% |
| Amounts payable within one year | 42/48 | €279,164 | €288,208 | +€9,045 | +3.2% |
| Trade debts | 44 | €1,072 | - | -€1,072 | |
| Suppliers | 440/4 | €1,072 | - | -€1,072 | |
| Taxes, remuneration and social security | 45 | - | €8,408 | +€8,408 | |
| Taxes | 450/3 | - | €8,408 | +€8,408 | |
| Other amounts payable | 47/48 | €278,091 | €279,800 | +€1,709 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,364 | - | -€1,364 | |
| Other operating charges | 640/8 | €687 | €544 | -€144 | -20.9% |
| Gross operating margin | 9900 | -€1,176 | €166,464 | +€167,640 | |
| Operating profit (loss) | 9901 | -€3,227 | €165,921 | +€169,148 | |
| Financial charges | 65/66B | €46 | €46 | -€1 | -1.1% |
| Recurring financial charges | 65 | €46 | €46 | -€1 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,273 | €165,875 | +€169,148 | |
| Income taxes | 67/77 | - | €40,408 | +€40,408 | |
| Profit (loss) for the period | 9904 | -€3,273 | €125,466 | +€128,740 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,273 | €125,466 | +€128,740 |
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 19 October 2026 via checked.be.