CO-HERENT: 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.
CO-HERENT
Largest movements
- Receivables within one year -€108,279
down €108,279 (-64.7%), from €167,471 to €59,192
of which Other amounts receivable: -€111,570
- Current investments +€14,700
up €14,700 (+63.4%), from €23,195 to €37,894
- Tangible fixed assets -€6,785
down €6,785 (-31.1%), from €21,840 to €15,055
of which Furniture and vehicles: -€5,102
- Cash -€6,084
down €6,084 (-10.6%), from €57,512 to €51,428
mainly Contributions, distributions and other (-€216,886) and Current investments (-€14,700)
- Reserves -€102,356
down €102,356 (-24.0%), from €426,714 to €324,358
of which Distributable reserves: -€102,356
- Gross operating margin +€13,461
up €13,461 (+9.0%), from €149,918 to €163,379
- Taxes +€2,748
up €2,748 (+5.9%), from €46,522 to €49,270
- Depreciation +€2,450
up €2,450 (+56.5%), from €4,335 to €6,785
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 | €452,671 | €346,335 | -€106,335 | -23.5% |
| Fixed assets | 21/28 | €21,840 | €15,055 | -€6,785 | -31.1% |
| Tangible fixed assets | 22/27 | €21,840 | €15,055 | -€6,785 | -31.1% |
| Plant, machinery and equipment | 23 | €6,948 | €5,264 | -€1,683 | -24.2% |
| Furniture and vehicles | 24 | €14,893 | €9,791 | -€5,102 | -34.3% |
| Current assets | 29/58 | €430,830 | €331,280 | -€99,550 | -23.1% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €167,471 | €59,192 | -€108,279 | -64.7% |
| Trade receivables | 40 | €29,718 | €33,009 | +€3,291 | +11.1% |
| Other amounts receivable | 41 | €137,753 | €26,184 | -€111,570 | -81.0% |
| Current investments | 50/53 | €23,195 | €37,894 | +€14,700 | +63.4% |
| Cash at bank and in hand | 54/58 | €57,512 | €51,428 | -€6,084 | -10.6% |
| Deferred charges and accrued income | 490/1 | €2,653 | €2,765 | +€112 | +4.2% |
| Total equity and liabilities | 10/49 | €452,671 | €346,335 | -€106,335 | -23.5% |
| Equity | 10/15 | €432,914 | €330,558 | -€102,356 | -23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €426,714 | €324,358 | -€102,356 | -24.0% |
| Non-distributable reserves | 130/1 | €1,300 | €1,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,300 | €1,300 | = | 0.0% |
| Distributable reserves | 133 | €425,414 | €323,058 | -€102,356 | -24.1% |
| Amounts payable | 17/49 | €19,756 | €15,777 | -€3,979 | -20.1% |
| Amounts payable within one year | 42/48 | €19,756 | €15,777 | -€3,979 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €2,466 | - | -€2,466 | |
| Trade debts | 44 | €2,999 | €2,687 | -€312 | -10.4% |
| Suppliers | 440/4 | €2,999 | €2,687 | -€312 | -10.4% |
| Taxes, remuneration and social security | 45 | €14,291 | €13,090 | -€1,201 | -8.4% |
| Taxes | 450/3 | €14,291 | €13,090 | -€1,201 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,335 | €6,785 | +€2,450 | +56.5% |
| Other operating charges | 640/8 | €1,359 | €1,028 | -€331 | -24.4% |
| Gross operating margin | 9900 | €149,918 | €163,379 | +€13,461 | +9.0% |
| Operating profit (loss) | 9901 | €144,224 | €155,566 | +€11,342 | +7.9% |
| Financial income | 75/76B | €10,102 | €8,508 | -€1,594 | -15.8% |
| Recurring financial income | 75 | €10,102 | €8,508 | -€1,594 | -15.8% |
| Financial charges | 65/66B | €818 | €273 | -€544 | -66.6% |
| Recurring financial charges | 65 | €818 | €273 | -€544 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €153,508 | €163,801 | +€10,293 | +6.7% |
| Income taxes | 67/77 | €46,522 | €49,270 | +€2,748 | +5.9% |
| Profit (loss) for the period | 9904 | €106,986 | €114,530 | +€7,545 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,986 | €114,530 | +€7,545 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.