KOSTADIET: 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.
What changed
KOSTADIET
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€876,949
2024 · €874,169+€2,780
Equity
€3.3m
2024 · €3.7m-€418,543
Cash
€210,750
2024 · €256,751-€46,000
Balance sheet total
€4.9m
2024 · €5.1m-€145,685
Largest movements
Assets
- Receivables after one year -€850,029
no longer reported in 2025 (was €850,029)
- Tangible fixed assets +€657,666
up €657,666 (+37.6%), from €1.7m to €2.4m
of which Furniture and vehicles: +€704,967
- Current investments +€127,200
up €127,200 (+16.7%), from €762,440 to €889,640
Equity and liabilities
- Reserves -€418,543
down €418,543 (-11.5%), from €3.6m to €3.2m
of which Distributable reserves: -€418,543
- Short-term financial debts +€344,615
new in 2025: €344,615
- Tax, wage and social debts -€223,526
down €223,526 (-97.9%), from €228,355 to €4,829
of which Taxes: -€221,850
- Other debts +€60,882
new in 2025: €60,882
- Debts after one year +€60,475
up €60,475 (+5.5%), from €1.1m to €1.2m
Income statement
- Gross operating margin +€28,332
up €28,332 (+2.0%), from €1.5m to €1.5m
- Financial income -€23,371
no longer reported in 2025 (was €23,371)
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.
Result 2024
€874,169
Gross operating margin
+€28,332
Staff costs
-€3,096
Depreciation
-€9,357
Other operating charges
+€2,901
Financial income
-€23,371
Financial charges
+€12,648
Taxes
-€5,277
Result 2025
€876,949
raises the resultlowers the result
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.
From operations
+€1.7m
Investment
-€881,210
Financing
-€851,242
Cash 2024
€256,751
From operations (derived)
+€1.7m
Net result for the year
+€876,949
Depreciation
+€96,344
Receivables after one year
+€850,029
Receivables within one year
+€35,368
Deferred charges and accrued income
-€845
Trade debts
-€16,020
Tax, wage and social debts
-€223,526
Other debts
+€60,882
Accrued charges and deferred income
+€7,272
Investment (derived)
-€881,210
Investment in fixed assets (net)
-€754,010
Current investments
-€127,200
Financing
-€851,242
Debts after one year
+€60,475
Current portion of long-term debt
+€39,159
Short-term financial debts
+€344,615
Contributions, distributions and other
-€1.3m
Cash 2025
€210,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,085,185 | €4,939,500 | -€145,685 | -2.9% |
| Fixed assets | 21/28 | €1,749,998 | €2,407,664 | +€657,666 | +37.6% |
| Tangible fixed assets | 22/27 | €1,749,998 | €2,407,664 | +€657,666 | +37.6% |
| Land and buildings | 22 | €1,706,597 | €1,662,302 | -€44,295 | -2.6% |
| Plant, machinery and equipment | 23 | €11,580 | €8,574 | -€3,006 | -26.0% |
| Furniture and vehicles | 24 | €31,822 | €736,789 | +€704,967 | +2,215% |
| Current assets | 29/58 | €3,335,187 | €2,531,836 | -€803,351 | -24.1% |
| Amounts receivable after more than one year | 29 | €850,029 | - | -€850,029 | |
| Other amounts receivable | 291 | €850,029 | - | -€850,029 | |
| Amounts receivable within one year | 40/41 | €1,464,777 | €1,429,408 | -€35,368 | -2.4% |
| Trade receivables | 40 | €912,513 | €984,705 | +€72,192 | +7.9% |
| Other amounts receivable | 41 | €552,263 | €444,704 | -€107,560 | -19.5% |
| Current investments | 50/53 | €762,440 | €889,640 | +€127,200 | +16.7% |
| Cash at bank and in hand | 54/58 | €256,751 | €210,750 | -€46,000 | -17.9% |
| Deferred charges and accrued income | 490/1 | €1,191 | €2,037 | +€845 | +71.0% |
| Total equity and liabilities | 10/49 | €5,085,185 | €4,939,500 | -€145,685 | -2.9% |
| Equity | 10/15 | €3,670,748 | €3,252,206 | -€418,543 | -11.4% |
| Contributions | 10/11 | €18,294 | €18,294 | = | 0.0% |
| Reserves | 13 | €3,648,894 | €3,230,352 | -€418,543 | -11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €3,628,284 | €3,209,742 | -€418,543 | -11.5% |
| Profit (loss) carried forward | 14 | €3,560 | €3,560 | = | 0.0% |
| Amounts payable | 17/49 | €1,414,437 | €1,687,294 | +€272,857 | +19.3% |
| Amounts payable after more than one year | 17 | €1,093,404 | €1,153,879 | +€60,475 | +5.5% |
| Financial debts | 170/4 | €1,093,404 | €1,153,879 | +€60,475 | +5.5% |
| Amounts payable within one year | 42/48 | €321,033 | €526,143 | +€205,111 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €74,504 | €113,663 | +€39,159 | +52.6% |
| Financial debts | 43 | - | €344,615 | +€344,615 | |
| Credit institutions | 430/8 | - | €344,615 | +€344,615 | |
| Trade debts | 44 | €18,173 | €2,153 | -€16,020 | -88.2% |
| Suppliers | 440/4 | €18,173 | €2,153 | -€16,020 | -88.2% |
| Taxes, remuneration and social security | 45 | €228,355 | €4,829 | -€223,526 | -97.9% |
| Taxes | 450/3 | €223,448 | €1,597 | -€221,850 | -99.3% |
| Remuneration and social security | 454/9 | €4,908 | €3,232 | -€1,676 | -34.1% |
| Other amounts payable | 47/48 | - | €60,882 | +€60,882 | |
| Accrued charges and deferred income | 492/3 | - | €7,272 | +€7,272 | |
| Remuneration, social security and pensions | 62 | €40,477 | €43,572 | +€3,096 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,987 | €96,344 | +€9,357 | +10.8% |
| Other operating charges | 640/8 | €10,663 | €7,762 | -€2,901 | -27.2% |
| Gross operating margin | 9900 | €1,451,304 | €1,479,635 | +€28,332 | +2.0% |
| Operating profit (loss) | 9901 | €1,313,178 | €1,331,958 | +€18,780 | +1.4% |
| Financial income | 75/76B | €23,371 | - | -€23,371 | |
| Recurring financial income | 75 | €23,371 | - | -€23,371 | |
| Financial charges | 65/66B | €52,591 | €39,943 | -€12,648 | -24.0% |
| Recurring financial charges | 65 | €52,591 | €39,943 | -€12,648 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €1,283,958 | €1,292,015 | +€8,057 | +0.6% |
| Income taxes | 67/77 | €409,789 | €415,066 | +€5,277 | +1.3% |
| Profit (loss) for the period | 9904 | €874,169 | €876,949 | +€2,780 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €874,169 | €876,949 | +€2,780 | +0.3% |
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 1 November 2026 via checked.be.