CO-MOYENNE: 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-MOYENNE
Largest movements
- Stocks and contracts +€36,685
up €36,685 (+26.2%), from €139,899 to €176,584
of which Contracts in progress: +€26,563
- Receivables within one year -€23,563
down €23,563 (-76.1%), from €30,944 to €7,381
of which Trade receivables: -€26,746
- Profit (loss) carried forward +€25,696
up €25,696 (+12.5%), from -€205,834 to -€180,138
- Other debts -€9,724
down €9,724 (-3.3%), from €295,574 to €285,850
- Tax, wage and social debts -€2,799
no longer reported in 2025 (was €2,799)
- Gross operating margin +€13,262
up €13,262 (+83.8%), from €15,832 to €29,093
- Financial charges +€1,154
up €1,154 (+124%), from €927 to €2,081
- Financial income -€877
down €877 (-100.0%), from €877 to €0
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 | €173,454 | €185,959 | +€12,505 | +7.2% |
| Fixed assets | 21/28 | €1,817 | €963 | -€854 | -47.0% |
| Tangible fixed assets | 22/27 | €1,512 | €658 | -€854 | -56.5% |
| Furniture and vehicles | 24 | €1,512 | €658 | -€854 | -56.5% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €171,637 | €184,996 | +€13,360 | +7.8% |
| Stocks and contracts in progress | 3 | €139,899 | €176,584 | +€36,685 | +26.2% |
| Stocks | 30/36 | €117,973 | €128,094 | +€10,121 | +8.6% |
| Contracts in progress | 37 | €21,926 | €48,489 | +€26,563 | +121% |
| Amounts receivable within one year | 40/41 | €30,944 | €7,381 | -€23,563 | -76.1% |
| Trade receivables | 40 | €30,937 | €4,191 | -€26,746 | -86.5% |
| Other amounts receivable | 41 | €7 | €3,190 | +€3,183 | +48,226% |
| Cash at bank and in hand | 54/58 | €271 | €172 | -€99 | -36.6% |
| Deferred charges and accrued income | 490/1 | €523 | €860 | +€337 | +64.4% |
| Total equity and liabilities | 10/49 | €173,454 | €185,959 | +€12,505 | +7.2% |
| Equity | 10/15 | -€182,284 | -€156,588 | +€25,696 | +14.1% |
| Contributions | 10/11 | €23,550 | €23,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,834 | -€180,138 | +€25,696 | +12.5% |
| Amounts payable | 17/49 | €355,738 | €342,547 | -€13,191 | -3.7% |
| Amounts payable after more than one year | 17 | €50,173 | €50,173 | = | 0.0% |
| Financial debts | 170/4 | €50,173 | €50,173 | = | 0.0% |
| Amounts payable within one year | 42/48 | €305,512 | €292,374 | -€13,138 | -4.3% |
| Trade debts | 44 | €7,139 | €6,524 | -€615 | -8.6% |
| Suppliers | 440/4 | €7,139 | €6,524 | -€615 | -8.6% |
| Taxes, remuneration and social security | 45 | €2,799 | - | -€2,799 | |
| Taxes | 450/3 | €2,799 | - | -€2,799 | |
| Other amounts payable | 47/48 | €295,574 | €285,850 | -€9,724 | -3.3% |
| Accrued charges and deferred income | 492/3 | €53 | - | -€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €854 | -€32 | -3.7% |
| Other operating charges | 640/8 | €633 | €462 | -€172 | -27.1% |
| Gross operating margin | 9900 | €15,832 | €29,093 | +€13,262 | +83.8% |
| Operating profit (loss) | 9901 | €14,311 | €27,777 | +€13,466 | +94.1% |
| Financial income | 75/76B | €877 | €0 | -€877 | -100.0% |
| Recurring financial income | 75 | €877 | €0 | -€877 | -100.0% |
| Financial charges | 65/66B | €927 | €2,081 | +€1,154 | +124% |
| Recurring financial charges | 65 | €927 | €2,081 | +€1,154 | +124% |
| Profit (loss) for the period before taxes | 9903 | €14,262 | €25,696 | +€11,434 | +80.2% |
| Profit (loss) for the period | 9904 | €14,262 | €25,696 | +€11,434 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,262 | €25,696 | +€11,434 | +80.2% |
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.