DE COSTER & 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.
DE COSTER & Co
Largest movements
- Tangible fixed assets +€574,625
up €574,625 (+79.0%), from €727,759 to €1.3m
of which Land and buildings: +€578,709
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash -€132,420
down €132,420 (-51.4%), from €257,449 to €125,030
mainly Investment in fixed assets (net) (-€714,468) and Net result for the year (-€24,640)
- Receivables within one year +€17,664
up €17,664 (+41.2%), from €42,839 to €60,502
- Profit (loss) carried forward -€17,073
down €17,073 (-50.8%), from €33,598 to €16,524
- Depreciation +€102,805
up €102,805 (+277.6%), from €37,038 to €139,843
- Gross operating margin -€21,839
down €21,839, from €1,723 to -€20,116
- Taxes -€10,173
no longer reported in 2025 (was €10,173)
- Financial income -€4,855
down €4,855 (-3.5%), from €139,229 to €134,374
- Other operating charges -€530
down €530 (-15.8%), from €3,362 to €2,832
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 | €1,529,438 | €1,488,604 | -€40,834 | -2.7% |
| Fixed assets | 21/28 | €727,759 | €1,302,384 | +€574,625 | +79.0% |
| Tangible fixed assets | 22/27 | €727,759 | €1,302,384 | +€574,625 | +79.0% |
| Land and buildings | 22 | €720,828 | €1,299,537 | +€578,709 | +80.3% |
| Furniture and vehicles | 24 | €6,931 | €2,848 | -€4,084 | -58.9% |
| Current assets | 29/58 | €801,679 | €186,220 | -€615,460 | -76.8% |
| Amounts receivable within one year | 40/41 | €42,839 | €60,502 | +€17,664 | +41.2% |
| Other amounts receivable | 41 | €42,839 | €60,502 | +€17,664 | +41.2% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €257,449 | €125,030 | -€132,420 | -51.4% |
| Deferred charges and accrued income | 490/1 | €1,391 | €688 | -€704 | -50.6% |
| Total equity and liabilities | 10/49 | €1,529,438 | €1,488,604 | -€40,834 | -2.7% |
| Equity | 10/15 | €1,466,314 | €1,441,674 | -€24,640 | -1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,414,166 | €1,406,600 | -€7,566 | -0.5% |
| Tax-exempt reserves | 132 | €604,297 | €596,731 | -€7,566 | -1.3% |
| Distributable reserves | 133 | €809,869 | €809,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,598 | €16,524 | -€17,073 | -50.8% |
| Provisions and deferred taxes | 16 | €50,825 | €46,929 | -€3,896 | -7.7% |
| Deferred taxes | 168 | €50,825 | €46,929 | -€3,896 | -7.7% |
| Amounts payable | 17/49 | €12,299 | - | -€12,299 | |
| Amounts payable within one year | 42/48 | €12,299 | - | -€12,299 | |
| Trade debts | 44 | €184 | - | -€184 | |
| Suppliers | 440/4 | €184 | - | -€184 | |
| Taxes, remuneration and social security | 45 | €12,115 | - | -€12,115 | |
| Taxes | 450/3 | €12,115 | - | -€12,115 | |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,038 | €139,843 | +€102,805 | +277.6% |
| Other operating charges | 640/8 | €3,362 | €2,832 | -€530 | -15.8% |
| Gross operating margin | 9900 | €1,723 | -€20,116 | -€21,839 | |
| Operating profit (loss) | 9901 | -€38,677 | -€162,791 | -€124,114 | -320.9% |
| Financial income | 75/76B | €139,229 | €134,374 | -€4,855 | -3.5% |
| Recurring financial income | 75 | €139,229 | €134,374 | -€4,855 | -3.5% |
| Financial charges | 65/66B | €115 | €119 | +€3 | +2.7% |
| Recurring financial charges | 65 | €115 | €119 | +€3 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €100,437 | -€28,535 | -€128,972 | |
| Transfer from deferred taxes | 780 | €3,896 | €3,896 | -€0 | 0.0% |
| Income taxes | 67/77 | €10,173 | - | -€10,173 | |
| Profit (loss) for the period | 9904 | €94,160 | -€24,640 | -€118,800 | |
| Transfer from tax-exempt reserves | 789 | €7,566 | €7,566 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,726 | -€17,073 | -€118,799 |
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 11 October 2026 via checked.be.