Cousteau & Co: 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 & Co
Largest movements
- Tangible fixed assets -€18,574
down €18,574 (-43.0%), from €43,189 to €24,615
of which Plant, machinery and equipment: -€10,802
- Receivables within one year -€8,399
down €8,399 (-30.5%), from €27,548 to €19,149
of which Other amounts receivable: -€23,224
- Cash +€7,925
up €7,925 (+29.3%), from €27,033 to €34,958
mainly Depreciation (+€20,548) and Tax, wage and social debts (+€14,043)
- Stocks and contracts +€6,860
up €6,860 (+150%), from €4,560 to €11,420
- Current investments +€5,015
up €5,015 (+33.4%), from €15,025 to €20,040
- Trade debts -€22,362
down €22,362 (-89.6%), from €24,951 to €2,589
- Tax, wage and social debts +€14,043
up €14,043 (+77.9%), from €18,037 to €32,080
of which Taxes: +€15,398
- Profit (loss) carried forward +€9,851
up €9,851 (+44.3%), from €22,227 to €32,079
- Other debts -€6,060
down €6,060 (-97.2%), from €6,235 to €176
- Accrued charges and deferred income -€1,802
down €1,802 (-100%), from €1,802 to €0
- Gross operating margin -€53,804
down €53,804 (-29.8%), from €180,584 to €126,779
- Staff costs -€45,381
down €45,381 (-34.3%), from €132,151 to €86,770
- Financial income -€3,679
down €3,679 (-99.9%), from €3,684 to €5
- Taxes +€3,405
up €3,405 (+879%), from €387 to €3,793
- Financial charges -€2,948
down €2,948 (-43.9%), from €6,721 to €3,773
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 | €117,355 | €111,026 | -€6,329 | -5.4% |
| Fixed assets | 21/28 | €43,189 | €24,615 | -€18,574 | -43.0% |
| Tangible fixed assets | 22/27 | €43,189 | €24,615 | -€18,574 | -43.0% |
| Plant, machinery and equipment | 23 | €17,252 | €6,451 | -€10,802 | -62.6% |
| Furniture and vehicles | 24 | €9,264 | €7,343 | -€1,921 | -20.7% |
| Other tangible fixed assets | 26 | €16,673 | €10,821 | -€5,852 | -35.1% |
| Current assets | 29/58 | €74,166 | €86,411 | +€12,245 | +16.5% |
| Stocks and contracts in progress | 3 | €4,560 | €11,420 | +€6,860 | +150% |
| Stocks | 30/36 | €4,560 | €11,420 | +€6,860 | +150% |
| Amounts receivable within one year | 40/41 | €27,548 | €19,149 | -€8,399 | -30.5% |
| Trade receivables | 40 | €1,386 | €16,211 | +€14,825 | +1,070% |
| Other amounts receivable | 41 | €26,162 | €2,938 | -€23,224 | -88.8% |
| Current investments | 50/53 | €15,025 | €20,040 | +€5,015 | +33.4% |
| Cash at bank and in hand | 54/58 | €27,033 | €34,958 | +€7,925 | +29.3% |
| Deferred charges and accrued income | 490/1 | - | €845 | +€845 | |
| Total equity and liabilities | 10/49 | €117,355 | €111,026 | -€6,329 | -5.4% |
| Equity | 10/15 | €66,330 | €76,181 | +€9,851 | +14.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €29,103 | €29,103 | = | 0.0% |
| Distributable reserves | 133 | €29,103 | €29,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,227 | €32,079 | +€9,851 | +44.3% |
| Amounts payable | 17/49 | €51,025 | €34,845 | -€16,180 | -31.7% |
| Amounts payable within one year | 42/48 | €49,224 | €34,845 | -€14,379 | -29.2% |
| Trade debts | 44 | €24,951 | €2,589 | -€22,362 | -89.6% |
| Suppliers | 440/4 | €24,951 | €2,589 | -€22,362 | -89.6% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €18,037 | €32,080 | +€14,043 | +77.9% |
| Taxes | 450/3 | €2,512 | €17,910 | +€15,398 | +613% |
| Remuneration and social security | 454/9 | €15,525 | €14,170 | -€1,356 | -8.7% |
| Other amounts payable | 47/48 | €6,235 | €176 | -€6,060 | -97.2% |
| Accrued charges and deferred income | 492/3 | €1,802 | €0 | -€1,802 | -100% |
| Non-recurring operating income | 76A | - | €5,015 | +€5,015 | |
| Remuneration, social security and pensions | 62 | €132,151 | €86,770 | -€45,381 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,199 | €20,548 | +€1,349 | +7.0% |
| Other operating charges | 640/8 | €3,581 | €2,049 | -€1,532 | -42.8% |
| Gross operating margin | 9900 | €180,584 | €126,779 | -€53,804 | -29.8% |
| Operating profit (loss) | 9901 | €25,652 | €17,413 | -€8,239 | -32.1% |
| Financial income | 75/76B | €3,684 | €5 | -€3,679 | -99.9% |
| Recurring financial income | 75 | €3,684 | €5 | -€3,679 | -99.9% |
| Financial charges | 65/66B | €6,721 | €3,773 | -€2,948 | -43.9% |
| Recurring financial charges | 65 | €6,721 | €3,773 | -€2,948 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €22,615 | €13,644 | -€8,970 | -39.7% |
| Income taxes | 67/77 | €387 | €3,793 | +€3,405 | +879% |
| Profit (loss) for the period | 9904 | €22,227 | €9,851 | -€12,376 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,227 | €9,851 | -€12,376 | -55.7% |
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 18 October 2026 via checked.be.