DR. K. 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.
DR. K. DE COSTER
Largest movements
- Cash +€77,804
up €77,804 (+447%), from €17,421 to €95,224
mainly Net result for the year (+€197,883) and Other debts (+€187,594)
- Tangible fixed assets -€16,792
down €16,792 (-17.9%), from €93,923 to €77,130
of which Furniture and vehicles: -€11,346
- Deferred charges and accrued income +€6,216
up €6,216 (+174%), from €3,578 to €9,793
- Receivables within one year +€4,241
up €4,241 (+3.0%), from €139,950 to €144,191
of which Other amounts receivable: +€4,060
- Other debts +€187,594
up €187,594 (+188%), from €99,542 to €287,137
- Reserves -€88,697
down €88,697 (-99.9%), from €88,742 to €45
- Debts after one year -€14,303
down €14,303 (-62.4%), from €22,910 to €8,608
- Tax, wage and social debts -€9,790
down €9,790 (-42.4%), from €23,069 to €13,279
- Trade debts -€3,335
down €3,335 (-91.0%), from €3,664 to €329
- Gross operating margin +€47,533
up €47,533 (+20.2%), from €235,267 to €282,799
- Taxes +€10,210
up €10,210 (+18.9%), from €54,004 to €64,214
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 | €254,871 | €326,339 | +€71,468 | +28.0% |
| Fixed assets | 21/28 | €93,923 | €77,130 | -€16,792 | -17.9% |
| Tangible fixed assets | 22/27 | €93,923 | €77,130 | -€16,792 | -17.9% |
| Furniture and vehicles | 24 | €39,789 | €28,443 | -€11,346 | -28.5% |
| Other tangible fixed assets | 26 | €54,133 | €48,687 | -€5,446 | -10.1% |
| Current assets | 29/58 | €160,948 | €249,209 | +€88,261 | +54.8% |
| Amounts receivable within one year | 40/41 | €139,950 | €144,191 | +€4,241 | +3.0% |
| Trade receivables | 40 | €0 | €181 | +€181 | |
| Other amounts receivable | 41 | €139,950 | €144,010 | +€4,060 | +2.9% |
| Cash at bank and in hand | 54/58 | €17,421 | €95,224 | +€77,804 | +447% |
| Deferred charges and accrued income | 490/1 | €3,578 | €9,793 | +€6,216 | +174% |
| Total equity and liabilities | 10/49 | €254,871 | €326,339 | +€71,468 | +28.0% |
| Equity | 10/15 | €90,742 | €2,045 | -€88,697 | -97.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €88,742 | €45 | -€88,697 | -99.9% |
| Distributable reserves | 133 | €88,742 | €45 | -€88,697 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €164,129 | €324,294 | +€160,165 | +97.6% |
| Amounts payable after more than one year | 17 | €22,910 | €8,608 | -€14,303 | -62.4% |
| Financial debts | 170/4 | €22,910 | €8,608 | -€14,303 | -62.4% |
| Amounts payable within one year | 42/48 | €140,024 | €315,047 | +€175,023 | +125% |
| Current portion of amounts payable after more than one year | 42 | €13,749 | €14,303 | +€554 | +4.0% |
| Trade debts | 44 | €3,664 | €329 | -€3,335 | -91.0% |
| Suppliers | 440/4 | €3,664 | €329 | -€3,335 | -91.0% |
| Taxes, remuneration and social security | 45 | €23,069 | €13,279 | -€9,790 | -42.4% |
| Taxes | 450/3 | €23,069 | €13,279 | -€9,790 | -42.4% |
| Other amounts payable | 47/48 | €99,542 | €287,137 | +€187,594 | +188% |
| Accrued charges and deferred income | 492/3 | €1,195 | €640 | -€555 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,413 | €18,356 | -€57 | -0.3% |
| Other operating charges | 640/8 | €1,612 | €953 | -€659 | -40.9% |
| Gross operating margin | 9900 | €235,267 | €282,799 | +€47,533 | +20.2% |
| Operating profit (loss) | 9901 | €215,242 | €263,490 | +€48,248 | +22.4% |
| Financial income | 75/76B | €0 | €22 | +€22 | |
| Recurring financial income | 75 | €0 | €22 | +€22 | |
| Financial charges | 65/66B | €1,896 | €1,415 | -€481 | -25.4% |
| Recurring financial charges | 65 | €1,896 | €1,415 | -€481 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €213,346 | €262,097 | +€48,751 | +22.9% |
| Income taxes | 67/77 | €54,004 | €64,214 | +€10,210 | +18.9% |
| Profit (loss) for the period | 9904 | €159,342 | €197,883 | +€38,541 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,342 | €197,883 | +€38,541 | +24.2% |
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 16 October 2026 via checked.be.