OLIVIER 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.
OLIVIER DE COSTER
Largest movements
- Receivables within one year +€28,784
up €28,784 (+218%), from €13,176 to €41,960
of which Other amounts receivable: +€40,919
- Tangible fixed assets -€19,888
down €19,888 (-23.1%), from €86,044 to €66,157
of which Furniture and vehicles: -€10,329
- Cash +€5,082
up €5,082 (+9.2%), from €55,416 to €60,498
mainly Depreciation (+€19,888) and Net result for the year (+€15,932)
- Debts after one year -€19,731
down €19,731 (-52.2%), from €37,818 to €18,087
- Profit (loss) carried forward +€15,932
up €15,932 (+225%), from €7,083 to €23,014
- Trade debts +€12,233
up €12,233 (+143%), from €8,537 to €20,770
- Tax, wage and social debts +€4,526
up €4,526 (+16.1%), from €28,115 to €32,641
of which Taxes: +€7,325
- Gross operating margin +€48,420
up €48,420 (+62.6%), from €77,392 to €125,812
- Staff costs -€5,261
down €5,261 (-5.8%), from €90,580 to €85,319
- Depreciation -€1,824
down €1,824 (-8.4%), from €21,712 to €19,888
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,614 | €182,444 | +€11,829 | +6.9% |
| Fixed assets | 21/28 | €96,656 | €76,768 | -€19,888 | -20.6% |
| Tangible fixed assets | 22/27 | €86,044 | €66,157 | -€19,888 | -23.1% |
| Land and buildings | 22 | €70,621 | €61,062 | -€9,558 | -13.5% |
| Furniture and vehicles | 24 | €15,424 | €5,094 | -€10,329 | -67.0% |
| Financial fixed assets | 28 | €10,612 | €10,612 | = | 0.0% |
| Current assets | 29/58 | €73,958 | €105,675 | +€31,717 | +42.9% |
| Stocks and contracts in progress | 3 | €3,978 | €2,581 | -€1,397 | -35.1% |
| Stocks | 30/36 | €3,978 | €2,581 | -€1,397 | -35.1% |
| Amounts receivable within one year | 40/41 | €13,176 | €41,960 | +€28,784 | +218% |
| Trade receivables | 40 | €13,176 | €1,041 | -€12,135 | -92.1% |
| Other amounts receivable | 41 | - | €40,919 | +€40,919 | |
| Cash at bank and in hand | 54/58 | €55,416 | €60,498 | +€5,082 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,387 | €635 | -€752 | -54.2% |
| Total equity and liabilities | 10/49 | €170,614 | €182,444 | +€11,829 | +6.9% |
| Equity | 10/15 | €75,283 | €91,214 | +€15,932 | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,083 | €23,014 | +€15,932 | +225% |
| Amounts payable | 17/49 | €95,332 | €91,229 | -€4,102 | -4.3% |
| Amounts payable after more than one year | 17 | €37,818 | €18,087 | -€19,731 | -52.2% |
| Financial debts | 170/4 | €37,818 | €18,087 | -€19,731 | -52.2% |
| Amounts payable within one year | 42/48 | €57,514 | €73,143 | +€15,629 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €19,731 | €19,731 | = | 0.0% |
| Trade debts | 44 | €8,537 | €20,770 | +€12,233 | +143% |
| Suppliers | 440/4 | €8,537 | €20,770 | +€12,233 | +143% |
| Taxes, remuneration and social security | 45 | €28,115 | €32,641 | +€4,526 | +16.1% |
| Taxes | 450/3 | €14,802 | €22,127 | +€7,325 | +49.5% |
| Remuneration and social security | 454/9 | €13,314 | €10,514 | -€2,799 | -21.0% |
| Other amounts payable | 47/48 | €1,130 | - | -€1,130 | |
| Remuneration, social security and pensions | 62 | €90,580 | €85,319 | -€5,261 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,712 | €19,888 | -€1,824 | -8.4% |
| Other operating charges | 640/8 | €3,195 | €3,619 | +€424 | +13.3% |
| Gross operating margin | 9900 | €77,392 | €125,812 | +€48,420 | +62.6% |
| Operating profit (loss) | 9901 | -€38,095 | €16,986 | +€55,082 | |
| Financial income | 75/76B | €586 | €880 | +€294 | +50.3% |
| Recurring financial income | 75 | €536 | €880 | +€344 | +64.1% |
| Non-recurring financial income | 76B | €49 | - | -€49 | |
| Financial charges | 65/66B | €2,633 | €1,876 | -€757 | -28.8% |
| Recurring financial charges | 65 | €2,633 | €1,876 | -€757 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€40,143 | €15,990 | +€56,133 | |
| Income taxes | 67/77 | €247 | €59 | -€188 | -76.2% |
| Profit (loss) for the period | 9904 | -€40,390 | €15,932 | +€56,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,390 | €15,932 | +€56,321 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.