COADSH: 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.
COADSH
Largest movements
- Receivables within one year +€39,020
up €39,020 (+135.2%), from €28,859 to €67,879
of which Trade receivables: +€39,076
- Other debts +€74,658
up €74,658 (+281.9%), from €26,481 to €101,138
- Profit (loss) carried forward -€42,670
down €42,670 (-98.5%), from €43,321 to €651
- Tax, wage and social debts +€4,615
up €4,615 (+26.5%), from €17,383 to €21,999
- Trade debts +€1,813
up €1,813 (+523.2%), from €347 to €2,160
No income-statement line moved by more than 1% of the activity.
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 | €108,100 | €146,408 | +€38,308 | +35.4% |
| Fixed assets | 21/28 | €2,251 | €2,267 | +€16 | +0.7% |
| Tangible fixed assets | 22/27 | €1,951 | €1,967 | +€16 | +0.8% |
| Furniture and vehicles | 24 | €1,951 | €1,967 | +€16 | +0.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €105,850 | €144,141 | +€38,292 | +36.2% |
| Amounts receivable within one year | 40/41 | €28,859 | €67,879 | +€39,020 | +135.2% |
| Trade receivables | 40 | €27,608 | €66,684 | +€39,076 | +141.5% |
| Other amounts receivable | 41 | €1,251 | €1,195 | -€56 | -4.5% |
| Cash at bank and in hand | 54/58 | €74,412 | €73,402 | -€1,010 | -1.4% |
| Deferred charges and accrued income | 490/1 | €2,579 | €2,861 | +€282 | +10.9% |
| Total equity and liabilities | 10/49 | €108,100 | €146,408 | +€38,308 | +35.4% |
| Equity | 10/15 | €63,781 | €21,111 | -€42,670 | -66.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,321 | €651 | -€42,670 | -98.5% |
| Amounts payable | 17/49 | €44,319 | €125,297 | +€80,978 | +182.7% |
| Amounts payable within one year | 42/48 | €44,211 | €125,297 | +€81,086 | +183.4% |
| Trade debts | 44 | €347 | €2,160 | +€1,813 | +523.2% |
| Suppliers | 440/4 | €347 | €2,160 | +€1,813 | +523.2% |
| Taxes, remuneration and social security | 45 | €17,383 | €21,999 | +€4,615 | +26.5% |
| Taxes | 450/3 | €17,383 | €21,999 | +€4,615 | +26.5% |
| Other amounts payable | 47/48 | €26,481 | €101,138 | +€74,658 | +281.9% |
| Accrued charges and deferred income | 492/3 | €109 | - | -€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,528 | €967 | -€562 | -36.8% |
| Other operating charges | 640/8 | €1,419 | €1,779 | +€361 | +25.4% |
| Gross operating margin | 9900 | €92,798 | €92,272 | -€526 | -0.6% |
| Operating profit (loss) | 9901 | €89,851 | €89,526 | -€325 | -0.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,282 | €2,390 | +€109 | +4.8% |
| Recurring financial charges | 65 | €2,282 | €2,000 | -€282 | -12.4% |
| Non-recurring financial charges | 66B | - | €391 | +€391 | |
| Profit (loss) for the period before taxes | 9903 | €87,569 | €87,135 | -€433 | -0.5% |
| Income taxes | 67/77 | €18,749 | €18,805 | +€56 | +0.3% |
| Profit (loss) for the period | 9904 | €68,820 | €68,330 | -€490 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,820 | €68,330 | -€490 | -0.7% |
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 8 October 2026 via checked.be.