Co-ëfficiënt: what changed
Two fiscal 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.
Co-ëfficiënt
Largest movements
- Cash +€380,944
up €380,944 (+32840.6%), from €1,160 to €382,104
mainly Net result for the year (+€211,492) and Tax, wage and social debts (+€70,203)
- Tangible fixed assets +€5,853
up €5,853 (+47.6%), from €12,291 to €18,144
of which Furniture and vehicles: +€9,547
- Profit (loss) carried forward +€209,992
up €209,992, from -€113,770 to €96,222
- Tax, wage and social debts +€70,203
up €70,203 (+23859.8%), from €294 to €70,497
- Short-term financial debts +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Other debts +€44,650
new in 2025: €44,650
- Trade debts +€13,846
up €13,846 (+14.6%), from €94,961 to €108,807
- Gross operating margin +€404,579
up €404,579, from -€110,783 to €293,796
- Taxes +€70,497
new in 2025: €70,497
- Financial charges +€7,048
up €7,048 (+650.8%), from €1,083 to €8,131
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 | €146,486 | €536,676 | +€390,190 | +266.4% |
| Fixed assets | 21/28 | €12,291 | €18,144 | +€5,853 | +47.6% |
| Tangible fixed assets | 22/27 | €12,291 | €18,144 | +€5,853 | +47.6% |
| Plant, machinery and equipment | 23 | €12,291 | €8,597 | -€3,694 | -30.1% |
| Furniture and vehicles | 24 | - | €9,547 | +€9,547 | |
| Current assets | 29/58 | €134,195 | €518,532 | +€384,337 | +286.4% |
| Amounts receivable within one year | 40/41 | €133,035 | €136,428 | +€3,393 | +2.6% |
| Trade receivables | 40 | €64,364 | €98,781 | +€34,417 | +53.5% |
| Other amounts receivable | 41 | €68,671 | €37,647 | -€31,024 | -45.2% |
| Cash at bank and in hand | 54/58 | €1,160 | €382,104 | +€380,944 | +32840.6% |
| Total equity and liabilities | 10/49 | €146,486 | €536,676 | +€390,190 | +266.4% |
| Equity | 10/15 | -€98,770 | €112,722 | +€211,492 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €1,500 | +€1,500 | |
| Distributable reserves | 133 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | -€113,770 | €96,222 | +€209,992 | |
| Amounts payable | 17/49 | €245,256 | €423,954 | +€178,698 | +72.9% |
| Amounts payable within one year | 42/48 | €245,256 | €423,954 | +€178,698 | +72.9% |
| Financial debts | 43 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Other loans | 439 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Trade debts | 44 | €94,961 | €108,807 | +€13,846 | +14.6% |
| Suppliers | 440/4 | €94,961 | €108,807 | +€13,846 | +14.6% |
| Taxes, remuneration and social security | 45 | €294 | €70,497 | +€70,203 | +23859.8% |
| Taxes | 450/3 | €294 | €70,497 | +€70,203 | +23859.8% |
| Other amounts payable | 47/48 | - | €44,650 | +€44,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,482 | €3,693 | +€1,211 | +48.8% |
| Other operating charges | 640/8 | €505 | - | -€505 | |
| Gross operating margin | 9900 | -€110,783 | €293,796 | +€404,579 | |
| Operating profit (loss) | 9901 | -€113,770 | €290,103 | +€403,873 | |
| Financial income | 75/76B | €68 | €17 | -€51 | -74.9% |
| Recurring financial income | 75 | €68 | €17 | -€51 | -74.9% |
| Financial charges | 65/66B | €1,083 | €8,131 | +€7,048 | +650.8% |
| Recurring financial charges | 65 | €1,083 | €8,131 | +€7,048 | +650.8% |
| Profit (loss) for the period before taxes | 9903 | -€114,786 | €281,989 | +€396,775 | |
| Income taxes | 67/77 | - | €70,497 | +€70,497 | |
| Profit (loss) for the period | 9904 | -€114,786 | €211,492 | +€326,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,786 | €211,492 | +€326,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.