COATAL: 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.
COATAL
Largest movements
- Cash -€86,658
down €86,658 (-44.0%), from €196,924 to €110,266
mainly Net result for the year (-€67,686) and Trade debts (-€43,127)
- Stocks and contracts -€55,879
down €55,879 (-56.9%), from €98,163 to €42,284
- Receivables within one year +€18,755
up €18,755 (+11.6%), from €162,287 to €181,041
of which Trade receivables: +€12,845
- Tangible fixed assets +€13,826
up €13,826 (+95.0%), from €14,550 to €28,376
of which Plant, machinery and equipment: +€15,612
- Reserves -€67,686
down €67,686 (-31.0%), from €218,100 to €150,415
of which Distributable reserves: -€67,686
- Trade debts -€43,127
down €43,127 (-45.1%), from €95,624 to €52,497
- Gross operating margin -€345,666
down €345,666 (-43.3%), from €798,532 to €452,866
- Staff costs -€232,282
down €232,282 (-31.1%), from €746,281 to €514,000
- Taxes -€12,443
no longer reported in 2025 (was €12,443)
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 | €490,194 | €380,248 | -€109,946 | -22.4% |
| Fixed assets | 21/28 | €14,550 | €28,376 | +€13,826 | +95.0% |
| Tangible fixed assets | 22/27 | €14,550 | €28,376 | +€13,826 | +95.0% |
| Plant, machinery and equipment | 23 | €8,001 | €23,612 | +€15,612 | +195% |
| Furniture and vehicles | 24 | €3,909 | €2,496 | -€1,413 | -36.1% |
| Other tangible fixed assets | 26 | €2,640 | €2,267 | -€373 | -14.1% |
| Current assets | 29/58 | €475,644 | €351,873 | -€123,772 | -26.0% |
| Stocks and contracts in progress | 3 | €98,163 | €42,284 | -€55,879 | -56.9% |
| Stocks | 30/36 | €98,163 | €42,284 | -€55,879 | -56.9% |
| Amounts receivable within one year | 40/41 | €162,287 | €181,041 | +€18,755 | +11.6% |
| Trade receivables | 40 | €154,150 | €166,995 | +€12,845 | +8.3% |
| Other amounts receivable | 41 | €8,136 | €14,046 | +€5,910 | +72.6% |
| Current investments | 50/53 | €17,264 | €17,354 | +€91 | +0.5% |
| Cash at bank and in hand | 54/58 | €196,924 | €110,266 | -€86,658 | -44.0% |
| Deferred charges and accrued income | 490/1 | €1,007 | €927 | -€80 | -8.0% |
| Total equity and liabilities | 10/49 | €490,194 | €380,248 | -€109,946 | -22.4% |
| Equity | 10/15 | €343,100 | €275,415 | -€67,686 | -19.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €218,100 | €150,415 | -€67,686 | -31.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €205,600 | €137,915 | -€67,686 | -32.9% |
| Amounts payable | 17/49 | €147,094 | €104,834 | -€42,260 | -28.7% |
| Amounts payable within one year | 42/48 | €147,045 | €104,802 | -€42,243 | -28.7% |
| Trade debts | 44 | €95,624 | €52,497 | -€43,127 | -45.1% |
| Suppliers | 440/4 | €95,624 | €52,497 | -€43,127 | -45.1% |
| Taxes, remuneration and social security | 45 | €51,421 | €52,305 | +€884 | +1.7% |
| Taxes | 450/3 | €12,654 | €12,619 | -€35 | -0.3% |
| Remuneration and social security | 454/9 | €38,767 | €39,686 | +€919 | +2.4% |
| Accrued charges and deferred income | 492/3 | €49 | €32 | -€17 | -35.2% |
| Remuneration, social security and pensions | 62 | €746,281 | €514,000 | -€232,282 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,912 | €7,941 | -€2,971 | -27.2% |
| Other operating charges | 640/8 | €2,372 | €1,286 | -€1,086 | -45.8% |
| Gross operating margin | 9900 | €798,532 | €452,866 | -€345,666 | -43.3% |
| Operating profit (loss) | 9901 | €38,967 | -€70,360 | -€109,327 | |
| Financial income | 75/76B | €4,977 | €3,316 | -€1,661 | -33.4% |
| Recurring financial income | 75 | €4,977 | €3,316 | -€1,661 | -33.4% |
| Financial charges | 65/66B | €1,563 | €642 | -€922 | -59.0% |
| Recurring financial charges | 65 | €1,563 | €642 | -€922 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €42,381 | -€67,686 | -€110,066 | |
| Income taxes | 67/77 | €12,443 | - | -€12,443 | |
| Profit (loss) for the period | 9904 | €29,938 | -€67,686 | -€97,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,938 | -€67,686 | -€97,624 |
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 17 October 2026 via checked.be.