DA COSTA FRERES: 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.
DA COSTA FRERES
Largest movements
- Receivables within one year -€35,890
down €35,890 (-41.2%), from €87,115 to €51,225
of which Trade receivables: -€36,345
- Deferred charges and accrued income -€17,208
down €17,208 (-93.8%), from €18,338 to €1,130
- Tangible fixed assets -€15,891
down €15,891 (-9.8%), from €161,485 to €145,594
of which Land and buildings: -€20,527
- Trade debts -€44,004
down €44,004 (-95.0%), from €46,317 to €2,313
- Debts after one year -€17,111
down €17,111 (-21.1%), from €81,041 to €63,930
of which Financial debts: -€15,351
- Profit (loss) carried forward -€5,312
down €5,312 (-5.3%), from €99,912 to €94,600
- Gross operating margin +€13,043
up €13,043 (+32.3%), from €40,354 to €53,398
- Taxes +€12,847
up €12,847 (+37,862%), from €34 to €12,881
- Staff costs +€6,971
up €6,971 (+93.1%), from €7,484 to €14,455
- Financial charges +€3,025
up €3,025 (+84.3%), from €3,590 to €6,615
- Other operating charges +€933
up €933 (+65.0%), from €1,435 to €2,369
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 | €276,142 | €207,138 | -€69,004 | -25.0% |
| Fixed assets | 21/28 | €161,825 | €145,934 | -€15,891 | -9.8% |
| Tangible fixed assets | 22/27 | €161,485 | €145,594 | -€15,891 | -9.8% |
| Land and buildings | 22 | €161,124 | €140,597 | -€20,527 | -12.7% |
| Plant, machinery and equipment | 23 | €361 | €3,331 | +€2,970 | +822% |
| Furniture and vehicles | 24 | - | €1,667 | +€1,667 | |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €114,317 | €61,203 | -€53,113 | -46.5% |
| Amounts receivable within one year | 40/41 | €87,115 | €51,225 | -€35,890 | -41.2% |
| Trade receivables | 40 | €75,149 | €38,804 | -€36,345 | -48.4% |
| Other amounts receivable | 41 | €11,966 | €12,421 | +€455 | +3.8% |
| Cash at bank and in hand | 54/58 | €8,863 | €8,848 | -€15 | -0.2% |
| Deferred charges and accrued income | 490/1 | €18,338 | €1,130 | -€17,208 | -93.8% |
| Total equity and liabilities | 10/49 | €276,142 | €207,138 | -€69,004 | -25.0% |
| Equity | 10/15 | €111,772 | €106,460 | -€5,312 | -4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €99,912 | €94,600 | -€5,312 | -5.3% |
| Amounts payable | 17/49 | €164,369 | €100,678 | -€63,692 | -38.7% |
| Amounts payable after more than one year | 17 | €81,041 | €63,930 | -€17,111 | -21.1% |
| Financial debts | 170/4 | €79,281 | €63,930 | -€15,351 | -19.4% |
| Other amounts payable | 178/9 | €1,760 | - | -€1,760 | |
| Amounts payable within one year | 42/48 | €82,721 | €36,621 | -€46,100 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €14,898 | €17,351 | +€2,453 | +16.5% |
| Financial debts | 43 | €1,442 | - | -€1,442 | |
| Credit institutions | 430/8 | €1,442 | - | -€1,442 | |
| Trade debts | 44 | €46,317 | €2,313 | -€44,004 | -95.0% |
| Suppliers | 440/4 | €46,317 | €2,313 | -€44,004 | -95.0% |
| Taxes, remuneration and social security | 45 | €11,160 | €10,691 | -€468 | -4.2% |
| Taxes | 450/3 | €11,160 | €831 | -€10,329 | -92.6% |
| Remuneration and social security | 454/9 | - | €9,861 | +€9,861 | |
| Other amounts payable | 47/48 | €8,904 | €6,266 | -€2,638 | -29.6% |
| Accrued charges and deferred income | 492/3 | €607 | €127 | -€481 | -79.2% |
| Remuneration, social security and pensions | 62 | €7,484 | €14,455 | +€6,971 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,829 | €22,391 | +€562 | +2.6% |
| Other operating charges | 640/8 | €1,435 | €2,369 | +€933 | +65.0% |
| Gross operating margin | 9900 | €40,354 | €53,398 | +€13,043 | +32.3% |
| Operating profit (loss) | 9901 | €9,606 | €14,183 | +€4,577 | +47.7% |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €3,590 | €6,615 | +€3,025 | +84.3% |
| Recurring financial charges | 65 | €3,590 | €6,615 | +€3,025 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €6,095 | €7,568 | +€1,473 | +24.2% |
| Income taxes | 67/77 | €34 | €12,881 | +€12,847 | +37,862% |
| Profit (loss) for the period | 9904 | €6,061 | -€5,312 | -€11,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,061 | -€5,312 | -€11,373 |
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 26 October 2026 via checked.be.