DE COSTER: 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.
DE COSTER
Largest movements
- Tangible fixed assets -€98,371
down €98,371 (-27.1%), from €362,644 to €264,273
- Receivables within one year -€33,920
down €33,920 (-19.1%), from €177,628 to €143,708
of which Trade receivables: -€29,486
- Cash +€20,998
up €20,998 (+94.7%), from €22,170 to €43,168
mainly Depreciation (+€156,040) and Tax, wage and social debts (+€48,333)
- Stocks and contracts +€8,101
up €8,101 (+8.6%), from €94,244 to €102,345
- Trade debts -€90,294
down €90,294 (-50.7%), from €178,096 to €87,802
- Tax, wage and social debts +€48,333
up €48,333 (+113%), from €42,762 to €91,095
of which Remuneration and social security: +€26,182
- Debts after one year -€35,201
down €35,201 (-53.3%), from €65,987 to €30,786
- Current portion of long-term debt -€20,563
down €20,563 (-36.9%), from €55,764 to €35,201
- Other debts -€11,784
down €11,784 (-5.3%), from €220,349 to €208,565
- Gross operating margin +€216,586
up €216,586 (+68.6%), from €315,850 to €532,436
- Staff costs +€100,612
up €100,612 (+39.9%), from €252,293 to €352,905
- Other operating charges +€6,478
up €6,478 (+109%), from €5,931 to €12,409
- Depreciation -€6,203
down €6,203 (-3.8%), from €162,243 to €156,040
- Financial income -€5,519
down €5,519 (-100%), from €5,519 to €0
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 | €670,341 | €567,659 | -€102,682 | -15.3% |
| Fixed assets | 21/28 | €370,711 | €272,340 | -€98,371 | -26.5% |
| Tangible fixed assets | 22/27 | €362,644 | €264,273 | -€98,371 | -27.1% |
| Land and buildings | 22 | €53,468 | €30,626 | -€22,842 | -42.7% |
| Plant, machinery and equipment | 23 | €199,293 | €161,354 | -€37,939 | -19.0% |
| Furniture and vehicles | 24 | €109,883 | €72,293 | -€37,590 | -34.2% |
| Financial fixed assets | 28 | €8,067 | €8,067 | = | 0.0% |
| Current assets | 29/58 | €299,630 | €295,319 | -€4,311 | -1.4% |
| Stocks and contracts in progress | 3 | €94,244 | €102,345 | +€8,101 | +8.6% |
| Stocks | 30/36 | €94,244 | €102,345 | +€8,101 | +8.6% |
| Amounts receivable within one year | 40/41 | €177,628 | €143,708 | -€33,920 | -19.1% |
| Trade receivables | 40 | €170,405 | €140,919 | -€29,486 | -17.3% |
| Other amounts receivable | 41 | €7,223 | €2,789 | -€4,434 | -61.4% |
| Cash at bank and in hand | 54/58 | €22,170 | €43,168 | +€20,998 | +94.7% |
| Deferred charges and accrued income | 490/1 | €5,588 | €6,098 | +€510 | +9.1% |
| Total equity and liabilities | 10/49 | €670,341 | €567,659 | -€102,682 | -15.3% |
| Equity | 10/15 | €107,383 | €114,210 | +€6,827 | +6.4% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,367 | -€116,540 | +€6,827 | +5.5% |
| Amounts payable | 17/49 | €562,958 | €453,449 | -€109,509 | -19.5% |
| Amounts payable after more than one year | 17 | €65,987 | €30,786 | -€35,201 | -53.3% |
| Financial debts | 170/4 | €65,987 | €30,786 | -€35,201 | -53.3% |
| Amounts payable within one year | 42/48 | €496,971 | €422,663 | -€74,308 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €55,764 | €35,201 | -€20,563 | -36.9% |
| Trade debts | 44 | €178,096 | €87,802 | -€90,294 | -50.7% |
| Suppliers | 440/4 | €178,096 | €87,802 | -€90,294 | -50.7% |
| Taxes, remuneration and social security | 45 | €42,762 | €91,095 | +€48,333 | +113% |
| Taxes | 450/3 | €2,972 | €25,123 | +€22,151 | +745% |
| Remuneration and social security | 454/9 | €39,790 | €65,972 | +€26,182 | +65.8% |
| Other amounts payable | 47/48 | €220,349 | €208,565 | -€11,784 | -5.3% |
| Remuneration, social security and pensions | 62 | €252,293 | €352,905 | +€100,612 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,243 | €156,040 | -€6,203 | -3.8% |
| Other operating charges | 640/8 | €5,931 | €12,409 | +€6,478 | +109% |
| Gross operating margin | 9900 | €315,850 | €532,436 | +€216,586 | +68.6% |
| Operating profit (loss) | 9901 | -€104,617 | €11,082 | +€115,699 | |
| Financial income | 75/76B | €5,519 | €0 | -€5,519 | -100% |
| Recurring financial income | 75 | €5,519 | €0 | -€5,519 | -100% |
| Financial charges | 65/66B | €6,605 | €4,255 | -€2,350 | -35.6% |
| Recurring financial charges | 65 | €6,605 | €4,255 | -€2,350 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€105,703 | €6,827 | +€112,530 | |
| Profit (loss) for the period | 9904 | -€105,703 | €6,827 | +€112,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,703 | €6,827 | +€112,530 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.