COAN: 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.
COAN
Largest movements
- Tangible fixed assets +€4,203
new in 2025: €4,203
- Cash -€3,032
down €3,032 (-91.5%), from €3,313 to €281
mainly Investment in fixed assets (net) (-€4,719) and Receivables within one year (-€934)
- Receivables within one year +€934
up €934 (+57.3%), from €1,630 to €2,564
of which Other amounts receivable: +€2,564
- Deferred charges and accrued income -€706
down €706 (-61.7%), from €1,145 to €439
- Reserves +€1,066
up €1,066 (+243%), from €438 to €1,504
- Tax, wage and social debts +€403
up €403 (+14.4%), from €2,797 to €3,200
- Gross operating margin +€1,593
up €1,593 (+160%), from €997 to €2,590
- Depreciation +€516
new in 2025: €516
- Financial charges +€238
up €238 (+1,901%), from €13 to €250
- Taxes +€176
up €176 (+161%), from €109 to €286
- Other operating charges +€129
up €129 (+29.4%), from €437 to €566
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 | €6,088 | €7,487 | +€1,399 | +23.0% |
| Fixed assets | 21/28 | - | €4,203 | +€4,203 | |
| Tangible fixed assets | 22/27 | - | €4,203 | +€4,203 | |
| Other tangible fixed assets | 26 | - | €4,203 | +€4,203 | |
| Current assets | 29/58 | €6,088 | €3,284 | -€2,804 | -46.1% |
| Amounts receivable within one year | 40/41 | €1,630 | €2,564 | +€934 | +57.3% |
| Trade receivables | 40 | €1,630 | €0 | -€1,630 | -100% |
| Other amounts receivable | 41 | - | €2,564 | +€2,564 | |
| Cash at bank and in hand | 54/58 | €3,313 | €281 | -€3,032 | -91.5% |
| Deferred charges and accrued income | 490/1 | €1,145 | €439 | -€706 | -61.7% |
| Total equity and liabilities | 10/49 | €6,088 | €7,487 | +€1,399 | +23.0% |
| Equity | 10/15 | €1,438 | €2,504 | +€1,066 | +74.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €438 | €1,504 | +€1,066 | +243% |
| Distributable reserves | 133 | €438 | €1,504 | +€1,066 | +243% |
| Amounts payable | 17/49 | €4,650 | €4,984 | +€334 | +7.2% |
| Amounts payable within one year | 42/48 | €4,650 | €4,984 | +€334 | +7.2% |
| Trade debts | 44 | €1,853 | €1,783 | -€70 | -3.8% |
| Suppliers | 440/4 | €1,853 | €1,783 | -€70 | -3.8% |
| Taxes, remuneration and social security | 45 | €2,797 | €3,200 | +€403 | +14.4% |
| Taxes | 450/3 | €2,797 | €3,200 | +€403 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €516 | +€516 | |
| Other operating charges | 640/8 | €437 | €566 | +€129 | +29.4% |
| Gross operating margin | 9900 | €997 | €2,590 | +€1,593 | +160% |
| Operating profit (loss) | 9901 | €560 | €1,508 | +€948 | +169% |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €13 | €250 | +€238 | +1,901% |
| Recurring financial charges | 65 | €13 | €250 | +€238 | +1,901% |
| Profit (loss) for the period before taxes | 9903 | €547 | €1,351 | +€804 | +147% |
| Income taxes | 67/77 | €109 | €286 | +€176 | +161% |
| Profit (loss) for the period | 9904 | €438 | €1,066 | +€628 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €438 | €1,066 | +€628 | +143% |
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 26 October 2026 via checked.be.