Coach: 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.
Coach
Largest movements
- Stocks and contracts +€26,978
up €26,978 (+29.4%), from €91,876 to €118,854
- Cash -€22,031
down €22,031 (-5.5%), from €404,160 to €382,129
mainly Stocks and contracts (-€26,978) and Investment in fixed assets (net) (-€20,240)
- Intangible fixed assets +€11,590
up €11,590 (+85.6%), from €13,541 to €25,132
- Profit (loss) carried forward +€12,736
up €12,736 (+54.1%), from -€23,522 to -€10,785
- Staff costs +€56,762
up €56,762 (+12.0%), from €474,917 to €531,679
- Gross operating margin +€6,314
up €6,314 (+1.1%), from €577,871 to €584,185
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 | €546,730 | €558,196 | +€11,466 | +2.1% |
| Fixed assets | 21/28 | €19,909 | €30,529 | +€10,620 | +53.3% |
| Intangible fixed assets | 21 | €13,541 | €25,132 | +€11,590 | +85.6% |
| Tangible fixed assets | 22/27 | €6,368 | €5,397 | -€971 | -15.2% |
| Plant, machinery and equipment | 23 | €338 | - | -€338 | |
| Furniture and vehicles | 24 | €5,780 | €5,272 | -€508 | -8.8% |
| Other tangible fixed assets | 26 | €251 | €125 | -€125 | -50.0% |
| Current assets | 29/58 | €526,820 | €527,667 | +€846 | +0.2% |
| Stocks and contracts in progress | 3 | €91,876 | €118,854 | +€26,978 | +29.4% |
| Stocks | 30/36 | €91,876 | €118,854 | +€26,978 | +29.4% |
| Amounts receivable within one year | 40/41 | €20,401 | €19,595 | -€806 | -4.0% |
| Trade receivables | 40 | €16,582 | €18,932 | +€2,351 | +14.2% |
| Other amounts receivable | 41 | €3,819 | €662 | -€3,157 | -82.7% |
| Cash at bank and in hand | 54/58 | €404,160 | €382,129 | -€22,031 | -5.5% |
| Deferred charges and accrued income | 490/1 | €10,383 | €7,089 | -€3,294 | -31.7% |
| Total equity and liabilities | 10/49 | €546,730 | €558,196 | +€11,466 | +2.1% |
| Equity | 10/15 | €394,232 | €406,968 | +€12,736 | +3.2% |
| Reserves | 13 | €417,753 | €417,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,522 | -€10,785 | +€12,736 | +54.1% |
| Amounts payable | 17/49 | €152,498 | €151,228 | -€1,270 | -0.8% |
| Amounts payable within one year | 42/48 | €87,498 | €85,395 | -€2,103 | -2.4% |
| Trade debts | 44 | €21,790 | €15,405 | -€6,385 | -29.3% |
| Suppliers | 440/4 | €21,790 | €15,405 | -€6,385 | -29.3% |
| Taxes, remuneration and social security | 45 | €53,723 | €50,655 | -€3,068 | -5.7% |
| Remuneration and social security | 454/9 | €53,723 | €50,655 | -€3,068 | -5.7% |
| Accrued charges and deferred income | 492/3 | €65,000 | €65,833 | +€833 | +1.3% |
| Remuneration, social security and pensions | 62 | €474,917 | €531,679 | +€56,762 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,086 | €9,621 | +€4,534 | +89.1% |
| Other operating charges | 640/8 | €29,514 | €30,114 | +€600 | +2.0% |
| Gross operating margin | 9900 | €577,871 | €584,185 | +€6,314 | +1.1% |
| Operating profit (loss) | 9901 | €68,353 | €12,771 | -€55,583 | -81.3% |
| Financial income | 75/76B | €1,092 | €902 | -€190 | -17.4% |
| Recurring financial income | 75 | €1,092 | €902 | -€190 | -17.4% |
| Financial charges | 65/66B | €625 | €936 | +€311 | +49.7% |
| Recurring financial charges | 65 | €625 | €936 | +€311 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €68,820 | €12,736 | -€56,083 | -81.5% |
| Profit (loss) for the period | 9904 | €68,820 | €12,736 | -€56,083 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,820 | €12,736 | -€56,083 | -81.5% |
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 14 October 2026 via checked.be.