KOSTERS: 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.
KOSTERS
Largest movements
- Tangible fixed assets -€43,117
down €43,117 (-13.6%), from €317,812 to €274,695
of which Land and buildings: -€25,666
- Cash -€9,240
down €9,240 (-63.7%), from €14,501 to €5,261
mainly Debts after one year (-€46,376) and Receivables within one year (-€9,052)
- Receivables within one year +€9,052
up €9,052 (+3,602%), from €251 to €9,303
- Debts after one year -€46,376
down €46,376 (-31.9%), from €145,372 to €98,997
- Reserves +€15,148
up €15,148 (+17.5%), from €86,780 to €101,929
- Tax, wage and social debts -€8,075
down €8,075 (-51.3%), from €15,740 to €7,664
of which Taxes: -€7,214
- Other debts -€5,085
down €5,085 (-25.5%), from €19,967 to €14,881
- Gross operating margin -€12,457
down €12,457 (-12.0%), from €103,658 to €91,202
- Taxes -€2,642
down €2,642 (-25.3%), from €10,444 to €7,802
- Depreciation -€1,452
down €1,452 (-3.3%), from €44,568 to €43,117
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 | €343,399 | €300,270 | -€43,129 | -12.6% |
| Fixed assets | 21/28 | €317,812 | €274,695 | -€43,117 | -13.6% |
| Tangible fixed assets | 22/27 | €317,812 | €274,695 | -€43,117 | -13.6% |
| Land and buildings | 22 | €246,022 | €220,356 | -€25,666 | -10.4% |
| Plant, machinery and equipment | 23 | €15,442 | €13,159 | -€2,283 | -14.8% |
| Furniture and vehicles | 24 | €1,260 | €75 | -€1,185 | -94.1% |
| Leasing and similar rights | 25 | €55,088 | €41,106 | -€13,983 | -25.4% |
| Current assets | 29/58 | €25,586 | €25,575 | -€12 | 0.0% |
| Stocks and contracts in progress | 3 | €8,628 | €8,699 | +€71 | +0.8% |
| Stocks | 30/36 | €8,628 | €8,699 | +€71 | +0.8% |
| Amounts receivable within one year | 40/41 | €251 | €9,303 | +€9,052 | +3,602% |
| Other amounts receivable | 41 | €251 | €9,303 | +€9,052 | +3,602% |
| Cash at bank and in hand | 54/58 | €14,501 | €5,261 | -€9,240 | -63.7% |
| Deferred charges and accrued income | 490/1 | €2,206 | €2,312 | +€106 | +4.8% |
| Total equity and liabilities | 10/49 | €343,399 | €300,270 | -€43,129 | -12.6% |
| Equity | 10/15 | €106,780 | €121,929 | +€15,148 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,780 | €101,929 | +€15,148 | +17.5% |
| Distributable reserves | 133 | €86,780 | €101,929 | +€15,148 | +17.5% |
| Amounts payable | 17/49 | €236,618 | €178,341 | -€58,277 | -24.6% |
| Amounts payable after more than one year | 17 | €145,372 | €98,997 | -€46,376 | -31.9% |
| Financial debts | 170/4 | €145,372 | €98,997 | -€46,376 | -31.9% |
| Amounts payable within one year | 42/48 | €88,335 | €76,434 | -€11,901 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €44,836 | €46,376 | +€1,540 | +3.4% |
| Financial debts | 43 | €2,945 | €4,422 | +€1,476 | +50.1% |
| Other loans | 439 | €2,945 | €4,422 | +€1,476 | +50.1% |
| Trade debts | 44 | €4,848 | €3,091 | -€1,756 | -36.2% |
| Suppliers | 440/4 | €4,848 | €3,091 | -€1,756 | -36.2% |
| Taxes, remuneration and social security | 45 | €15,740 | €7,664 | -€8,075 | -51.3% |
| Taxes | 450/3 | €12,752 | €5,538 | -€7,214 | -56.6% |
| Remuneration and social security | 454/9 | €2,988 | €2,126 | -€862 | -28.8% |
| Other amounts payable | 47/48 | €19,967 | €14,881 | -€5,085 | -25.5% |
| Accrued charges and deferred income | 492/3 | €2,910 | €2,910 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €12,878 | €13,411 | +€533 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,568 | €43,117 | -€1,452 | -3.3% |
| Other operating charges | 640/8 | €3,137 | €3,181 | +€44 | +1.4% |
| Gross operating margin | 9900 | €103,658 | €91,202 | -€12,457 | -12.0% |
| Operating profit (loss) | 9901 | €43,075 | €31,493 | -€11,582 | -26.9% |
| Financial income | 75/76B | €173 | €580 | +€407 | +236% |
| Recurring financial income | 75 | €173 | €580 | +€407 | +236% |
| Financial charges | 65/66B | €8,073 | €7,456 | -€617 | -7.6% |
| Recurring financial charges | 65 | €8,073 | €7,456 | -€617 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €35,175 | €24,617 | -€10,558 | -30.0% |
| Income taxes | 67/77 | €10,444 | €7,802 | -€2,642 | -25.3% |
| Profit (loss) for the period | 9904 | €24,731 | €16,814 | -€7,916 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,731 | €16,814 | -€7,916 | -32.0% |
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 23 October 2026 via checked.be.