COUSTANS: 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.
COUSTANS
Largest movements
- Receivables within one year -€14,938
down €14,938 (-43.0%), from €34,723 to €19,786
- Deferred charges and accrued income +€14,110
up €14,110 (+87.1%), from €16,205 to €30,315
- Intangible fixed assets -€4,500
down €4,500 (-12.5%), from €35,889 to €31,389
- Cash -€1,617
down €1,617 (-14.1%), from €11,446 to €9,829
mainly Contributions, distributions and other (-€37,460) and Deferred charges and accrued income (-€14,110)
- Tangible fixed assets -€1,545
down €1,545 (-52.8%), from €2,928 to €1,383
- Debts after one year -€7,091
down €7,091 (-22.8%), from €31,094 to €24,004
- Profit (loss) carried forward -€4,791
down €4,791 (-43.3%), from €11,059 to €6,268
- Current portion of long-term debt +€4,266
up €4,266 (+62.1%), from €6,868 to €11,134
- Other debts +€1,963
up €1,963 (+6.6%), from €29,878 to €31,841
- Tax, wage and social debts -€1,850
down €1,850 (-9.8%), from €18,805 to €16,955
- Gross operating margin -€11,346
down €11,346 (-18.0%), from €62,879 to €51,533
- Financial charges -€761
down €761 (-21.7%), from €3,499 to €2,739
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 | €101,192 | €92,701 | -€8,490 | -8.4% |
| Fixed assets | 21/28 | €38,817 | €32,772 | -€6,045 | -15.6% |
| Intangible fixed assets | 21 | €35,889 | €31,389 | -€4,500 | -12.5% |
| Tangible fixed assets | 22/27 | €2,928 | €1,383 | -€1,545 | -52.8% |
| Furniture and vehicles | 24 | €2,928 | €1,383 | -€1,545 | -52.8% |
| Current assets | 29/58 | €62,374 | €59,930 | -€2,445 | -3.9% |
| Amounts receivable within one year | 40/41 | €34,723 | €19,786 | -€14,938 | -43.0% |
| Other amounts receivable | 41 | €34,723 | €19,786 | -€14,938 | -43.0% |
| Cash at bank and in hand | 54/58 | €11,446 | €9,829 | -€1,617 | -14.1% |
| Deferred charges and accrued income | 490/1 | €16,205 | €30,315 | +€14,110 | +87.1% |
| Total equity and liabilities | 10/49 | €101,192 | €92,701 | -€8,490 | -8.4% |
| Equity | 10/15 | €13,559 | €8,768 | -€4,791 | -35.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,059 | €6,268 | -€4,791 | -43.3% |
| Amounts payable | 17/49 | €87,633 | €83,933 | -€3,699 | -4.2% |
| Amounts payable after more than one year | 17 | €31,094 | €24,004 | -€7,091 | -22.8% |
| Financial debts | 170/4 | €31,094 | €24,004 | -€7,091 | -22.8% |
| Amounts payable within one year | 42/48 | €56,538 | €59,930 | +€3,391 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €6,868 | €11,134 | +€4,266 | +62.1% |
| Trade debts | 44 | €987 | - | -€987 | |
| Suppliers | 440/4 | €987 | - | -€987 | |
| Taxes, remuneration and social security | 45 | €18,805 | €16,955 | -€1,850 | -9.8% |
| Taxes | 450/3 | €18,805 | €16,955 | -€1,850 | -9.8% |
| Other amounts payable | 47/48 | €29,878 | €31,841 | +€1,963 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,067 | €6,045 | -€21 | -0.3% |
| Other operating charges | 640/8 | €978 | €440 | -€538 | -55.0% |
| Gross operating margin | 9900 | €62,879 | €51,533 | -€11,346 | -18.0% |
| Operating profit (loss) | 9901 | €55,834 | €45,047 | -€10,787 | -19.3% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €3,499 | €2,739 | -€761 | -21.7% |
| Recurring financial charges | 65 | €3,499 | €2,739 | -€761 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €52,335 | €42,355 | -€9,980 | -19.1% |
| Income taxes | 67/77 | €10,136 | €9,686 | -€450 | -4.4% |
| Profit (loss) for the period | 9904 | €42,199 | €32,669 | -€9,529 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,199 | €32,669 | -€9,529 | -22.6% |
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.