COACTIV: 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.
COACTIV
Largest movements
- Tangible fixed assets -€40,453
down €40,453 (-14.0%), from €288,148 to €247,695
of which Land and buildings: -€36,021
- Receivables within one year -€27,435
down €27,435 (-36.0%), from €76,249 to €48,814
of which Trade receivables: -€28,937
- Cash +€15,722
up €15,722 (+92.5%), from €16,994 to €32,716
mainly Depreciation (+€42,913) and Receivables within one year (+€27,435)
- Debts after one year -€38,594
down €38,594 (-16.3%), from €236,055 to €197,460
- Trade debts -€13,321
down €13,321 (-57.1%), from €23,312 to €9,991
- Short-term financial debts +€9,091
up €9,091 (+4809.8%), from €189 to €9,280
- Profit (loss) carried forward -€7,271
down €7,271 (-52.1%), from -€13,969 to -€21,240
- Other debts -€5,589
down €5,589 (-22.9%), from €24,410 to €18,822
- Gross operating margin -€66,452
down €66,452 (-49.7%), from €133,792 to €67,340
- Other operating charges +€10,351
up €10,351 (+184.2%), from €5,619 to €15,970
- Taxes +€3,009
up €3,009 (+489.9%), from €614 to €3,624
- Financial charges +€1,346
up €1,346 (+11.6%), from €11,563 to €12,909
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 | €445,876 | €392,767 | -€53,108 | -11.9% |
| Fixed assets | 21/28 | €288,148 | €247,695 | -€40,453 | -14.0% |
| Tangible fixed assets | 22/27 | €288,148 | €247,695 | -€40,453 | -14.0% |
| Land and buildings | 22 | €253,233 | €217,211 | -€36,021 | -14.2% |
| Plant, machinery and equipment | 23 | €27,323 | €24,019 | -€3,304 | -12.1% |
| Furniture and vehicles | 24 | €7,592 | €6,464 | -€1,128 | -14.9% |
| Current assets | 29/58 | €157,728 | €145,072 | -€12,656 | -8.0% |
| Amounts receivable after more than one year | 29 | €62,500 | €62,500 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €62,500 | €62,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,249 | €48,814 | -€27,435 | -36.0% |
| Trade receivables | 40 | €64,491 | €35,554 | -€28,937 | -44.9% |
| Other amounts receivable | 41 | €11,758 | €13,260 | +€1,502 | +12.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,994 | €32,716 | +€15,722 | +92.5% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,042 | -€943 | -47.5% |
| Total equity and liabilities | 10/49 | €445,876 | €392,767 | -€53,108 | -11.9% |
| Equity | 10/15 | €105,609 | €95,683 | -€9,926 | -9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,378 | €110,723 | -€2,655 | -2.3% |
| Distributable reserves | 133 | €113,378 | €110,723 | -€2,655 | -2.3% |
| Profit (loss) carried forward | 14 | -€13,969 | -€21,240 | -€7,271 | -52.1% |
| Amounts payable | 17/49 | €340,267 | €297,084 | -€43,183 | -12.7% |
| Amounts payable after more than one year | 17 | €236,055 | €197,460 | -€38,594 | -16.3% |
| Financial debts | 170/4 | €236,055 | €197,460 | -€38,594 | -16.3% |
| Amounts payable within one year | 42/48 | €104,006 | €99,418 | -€4,588 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €37,539 | €38,594 | +€1,055 | +2.8% |
| Financial debts | 43 | €189 | €9,280 | +€9,091 | +4809.8% |
| Credit institutions | 430/8 | €189 | €9,280 | +€9,091 | +4809.8% |
| Trade debts | 44 | €23,312 | €9,991 | -€13,321 | -57.1% |
| Suppliers | 440/4 | €23,312 | €9,991 | -€13,321 | -57.1% |
| Taxes, remuneration and social security | 45 | €18,555 | €22,731 | +€4,176 | +22.5% |
| Taxes | 450/3 | €18,455 | €22,291 | +€3,836 | +20.8% |
| Remuneration and social security | 454/9 | €100 | €439 | +€340 | +340.4% |
| Other amounts payable | 47/48 | €24,410 | €18,822 | -€5,589 | -22.9% |
| Accrued charges and deferred income | 492/3 | €206 | €206 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,298 | €42,913 | +€615 | +1.5% |
| Other operating charges | 640/8 | €5,619 | €15,970 | +€10,351 | +184.2% |
| Gross operating margin | 9900 | €133,792 | €67,340 | -€66,452 | -49.7% |
| Operating profit (loss) | 9901 | €85,875 | €8,457 | -€77,418 | -90.2% |
| Financial income | 75/76B | €797 | €804 | +€7 | +0.9% |
| Recurring financial income | 75 | €797 | €804 | +€7 | +0.9% |
| Financial charges | 65/66B | €11,563 | €12,909 | +€1,346 | +11.6% |
| Recurring financial charges | 65 | €11,563 | €12,909 | +€1,346 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €75,109 | -€3,647 | -€78,757 | |
| Income taxes | 67/77 | €614 | €3,624 | +€3,009 | +489.9% |
| Profit (loss) for the period | 9904 | €74,495 | -€7,271 | -€81,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,495 | -€7,271 | -€81,766 |
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 10 October 2026 via checked.be.