COUSTO: 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.
COUSTO
Largest movements
- Tangible fixed assets -€116,868
down €116,868 (-10.0%), from €1.2m to €1.1m
of which Leasing and similar rights: -€90,433
- Intangible fixed assets -€54,988
down €54,988 (-18.9%), from €291,608 to €236,620
- Trade debts +€543,780
up €543,780 (+192.4%), from €282,605 to €826,385
- Other debts -€524,563
down €524,563 (-92.3%), from €568,355 to €43,791
- Tax, wage and social debts -€424,900
down €424,900 (-48.8%), from €870,825 to €445,926
of which Remuneration and social security: -€293,495
- Profit (loss) carried forward +€71,322
up €71,322 (+19.8%), from -€359,585 to -€288,263
- Debts after one year +€68,388
up €68,388 (+4.0%), from €1.7m to €1.8m
of which Other amounts payable: +€276,375
- Gross operating margin +€62,284
up €62,284 (+5.0%), from €1.2m to €1.3m
- Staff costs +€34,504
up €34,504 (+4.1%), from €850,391 to €884,895
- Taxes +€26,048
up €26,048 (+4811.6%), from €541 to €26,590
- Other operating charges -€23,191
down €23,191 (-35.9%), from €64,640 to €41,449
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 | €3,992,675 | €3,777,649 | -€215,026 | -5.4% |
| Fixed assets | 21/28 | €3,009,901 | €2,838,045 | -€171,856 | -5.7% |
| Intangible fixed assets | 21 | €291,608 | €236,620 | -€54,988 | -18.9% |
| Tangible fixed assets | 22/27 | €1,170,937 | €1,054,069 | -€116,868 | -10.0% |
| Plant, machinery and equipment | 23 | €23,446 | €6,356 | -€17,090 | -72.9% |
| Furniture and vehicles | 24 | €19,806 | €10,461 | -€9,345 | -47.2% |
| Leasing and similar rights | 25 | €1,127,684 | €1,037,252 | -€90,433 | -8.0% |
| Financial fixed assets | 28 | €1,547,356 | €1,547,356 | = | 0.0% |
| Current assets | 29/58 | €982,773 | €939,604 | -€43,170 | -4.4% |
| Stocks and contracts in progress | 3 | €110,281 | €112,658 | +€2,376 | +2.2% |
| Stocks | 30/36 | €110,281 | €112,658 | +€2,376 | +2.2% |
| Amounts receivable within one year | 40/41 | €842,047 | €809,914 | -€32,133 | -3.8% |
| Trade receivables | 40 | €590,670 | €516,425 | -€74,245 | -12.6% |
| Other amounts receivable | 41 | €251,377 | €293,489 | +€42,112 | +16.8% |
| Cash at bank and in hand | 54/58 | €30,445 | €352 | -€30,094 | -98.8% |
| Deferred charges and accrued income | 490/1 | €0 | €16,680 | +€16,680 | |
| Total equity and liabilities | 10/49 | €3,992,675 | €3,777,649 | -€215,026 | -5.4% |
| Equity | 10/15 | €130,055 | €201,377 | +€71,322 | +54.8% |
| Contributions | 10/11 | €332,592 | €332,592 | = | 0.0% |
| Reserves | 13 | €157,048 | €157,048 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Other | 1319 | €1,859 | €0 | -€1,859 | -100.0% |
| Tax-exempt reserves | 132 | €8,896 | €8,896 | = | 0.0% |
| Distributable reserves | 133 | €146,293 | €148,152 | +€1,859 | +1.3% |
| Profit (loss) carried forward | 14 | -€359,585 | -€288,263 | +€71,322 | +19.8% |
| Amounts payable | 17/49 | €3,862,620 | €3,576,271 | -€286,348 | -7.4% |
| Amounts payable after more than one year | 17 | €1,709,309 | €1,777,697 | +€68,388 | +4.0% |
| Financial debts | 170/4 | €1,709,309 | €1,501,323 | -€207,987 | -12.2% |
| Other amounts payable | 178/9 | - | €276,375 | +€276,375 | |
| Amounts payable within one year | 42/48 | €2,148,310 | €1,779,204 | -€369,107 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €176,525 | €207,987 | +€31,461 | +17.8% |
| Financial debts | 43 | €250,000 | €255,115 | +€5,115 | +2.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Other loans | 439 | €0 | €5,115 | +€5,115 | |
| Trade debts | 44 | €282,605 | €826,385 | +€543,780 | +192.4% |
| Suppliers | 440/4 | €282,605 | €826,385 | +€543,780 | +192.4% |
| Taxes, remuneration and social security | 45 | €870,825 | €445,926 | -€424,900 | -48.8% |
| Taxes | 450/3 | €472,291 | €340,887 | -€131,404 | -27.8% |
| Remuneration and social security | 454/9 | €398,535 | €105,039 | -€293,495 | -73.6% |
| Other amounts payable | 47/48 | €568,355 | €43,791 | -€524,563 | -92.3% |
| Accrued charges and deferred income | 492/3 | €5,000 | €19,370 | +€14,370 | +287.4% |
| Non-recurring operating income | 76A | €66,639 | €0 | -€66,639 | -100.0% |
| Remuneration, social security and pensions | 62 | €850,391 | €884,895 | +€34,504 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,008 | €174,887 | -€9,122 | -5.0% |
| Other operating charges | 640/8 | €64,640 | €41,449 | -€23,191 | -35.9% |
| Gross operating margin | 9900 | €1,233,845 | €1,296,130 | +€62,284 | +5.0% |
| Operating profit (loss) | 9901 | €134,806 | €194,899 | +€60,093 | +44.6% |
| Financial income | 75/76B | €142 | €141 | -€1 | -0.7% |
| Recurring financial income | 75 | €142 | €141 | -€1 | -0.7% |
| Financial charges | 65/66B | €92,384 | €97,128 | +€4,745 | +5.1% |
| Recurring financial charges | 65 | €92,384 | €97,128 | +€4,745 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €42,565 | €97,912 | +€55,347 | +130.0% |
| Income taxes | 67/77 | €541 | €26,590 | +€26,048 | +4811.6% |
| Profit (loss) for the period | 9904 | €42,023 | €71,322 | +€29,299 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,023 | €71,322 | +€29,299 | +69.7% |
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 7 October 2026 via checked.be.