cousteau: 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.
cousteau
Largest movements
- Deferred charges and accrued income -€4,099
no longer reported in 2025 (was €4,099)
- Tangible fixed assets -€1,645
down €1,645 (-61.1%), from €2,690 to €1,045
- Tax, wage and social debts -€17,237
down €17,237 (-84.9%), from €20,314 to €3,077
- Profit (loss) carried forward +€12,731
up €12,731 (+141%), from €9,043 to €21,774
- Debts after one year -€4,306
down €4,306 (-43.8%), from €9,840 to €5,534
- Trade debts +€1,693
new in 2025: €1,693
- Current portion of long-term debt +€1,146
up €1,146 (+36.2%), from €3,160 to €4,306
- Gross operating margin +€9,996
up €9,996 (+71.9%), from €13,911 to €23,907
- Financial charges +€2,290
up €2,290 (+44.7%), from €5,121 to €7,411
- Depreciation -€1,822
down €1,822 (-52.6%), from €3,467 to €1,645
- Financial income +€1,277
up €1,277 (+334%), from €382 to €1,659
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 | €87,156 | €81,264 | -€5,892 | -6.8% |
| Fixed assets | 21/28 | €2,690 | €1,045 | -€1,645 | -61.1% |
| Tangible fixed assets | 22/27 | €2,690 | €1,045 | -€1,645 | -61.1% |
| Plant, machinery and equipment | 23 | €2,690 | €1,045 | -€1,645 | -61.1% |
| Current assets | 29/58 | €84,466 | €80,219 | -€4,248 | -5.0% |
| Amounts receivable within one year | 40/41 | €78,684 | €79,357 | +€673 | +0.9% |
| Trade receivables | 40 | €68,347 | €75,134 | +€6,787 | +9.9% |
| Other amounts receivable | 41 | €10,337 | €4,223 | -€6,114 | -59.1% |
| Cash at bank and in hand | 54/58 | €1,683 | €862 | -€821 | -48.8% |
| Deferred charges and accrued income | 490/1 | €4,099 | - | -€4,099 | |
| Total equity and liabilities | 10/49 | €87,156 | €81,264 | -€5,892 | -6.8% |
| Equity | 10/15 | €34,025 | €46,756 | +€12,731 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,782 | €18,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,922 | €16,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,043 | €21,774 | +€12,731 | +141% |
| Amounts payable | 17/49 | €53,131 | €34,508 | -€18,623 | -35.1% |
| Amounts payable after more than one year | 17 | €9,840 | €5,534 | -€4,306 | -43.8% |
| Financial debts | 170/4 | €9,840 | €5,534 | -€4,306 | -43.8% |
| Amounts payable within one year | 42/48 | €43,291 | €28,974 | -€14,317 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €3,160 | €4,306 | +€1,146 | +36.2% |
| Financial debts | 43 | €19,817 | €19,898 | +€82 | +0.4% |
| Credit institutions | 430/8 | €19,817 | €19,898 | +€82 | +0.4% |
| Trade debts | 44 | - | €1,693 | +€1,693 | |
| Suppliers | 440/4 | - | €1,693 | +€1,693 | |
| Taxes, remuneration and social security | 45 | €20,314 | €3,077 | -€17,237 | -84.9% |
| Taxes | 450/3 | €20,314 | €3,077 | -€17,237 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,467 | €1,645 | -€1,822 | -52.6% |
| Other operating charges | 640/8 | €4,016 | €3,778 | -€238 | -5.9% |
| Gross operating margin | 9900 | €13,911 | €23,907 | +€9,996 | +71.9% |
| Operating profit (loss) | 9901 | €6,428 | €18,484 | +€12,056 | +188% |
| Financial income | 75/76B | €382 | €1,659 | +€1,277 | +334% |
| Recurring financial income | 75 | €382 | €1,659 | +€1,277 | +334% |
| Financial charges | 65/66B | €5,121 | €7,411 | +€2,290 | +44.7% |
| Recurring financial charges | 65 | €5,121 | €7,411 | +€2,290 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €1,688 | €12,731 | +€11,043 | +654% |
| Profit (loss) for the period | 9904 | €1,688 | €12,731 | +€11,043 | +654% |
| Profit (loss) for the period to be appropriated | 9905 | €1,688 | €12,731 | +€11,043 | +654% |
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.