COCH'ART: 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.
COCH'ART
Largest movements
- Receivables after one year -€23,767
down €23,767 (-86.9%), from €27,342 to €3,575
- Tangible fixed assets +€10,260
up €10,260 (+143%), from €7,165 to €17,425
of which Plant, machinery and equipment: +€10,660
- Receivables within one year +€7,593
up €7,593 (+2,722%), from €279 to €7,872
- Cash -€5,230
down €5,230 (-70.1%), from €7,459 to €2,229
mainly Net result for the year (-€14,002) and Investment in fixed assets (net) (-€13,455)
- Deferred charges and accrued income +€1,455
up €1,455 (+539%), from €270 to €1,725
- Profit (loss) carried forward -€14,003
down €14,003 (-53.7%), from €26,097 to €12,094
- Debts after one year +€8,845
up €8,845 (+368%), from €2,405 to €11,250
- Tax, wage and social debts -€3,337
no longer reported in 2025 (was €3,337)
- Trade debts -€3,141
down €3,141 (-51.1%), from €6,143 to €3,002
- Current portion of long-term debt +€1,947
up €1,947 (+88.2%), from €2,207 to €4,154
- Turnover -€44,937
down €44,937 (-46.0%), from €97,692 to €52,755
- Purchases and services -€32,295
down €32,295 (-34.1%), from €94,583 to €62,288
- Gross operating margin -€12,643
down €12,643, from €3,109 to -€9,534
- Depreciation -€1,863
down €1,863 (-36.8%), from €5,058 to €3,195
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 | €42,689 | €33,000 | -€9,689 | -22.7% |
| Fixed assets | 21/28 | €7,339 | €17,599 | +€10,260 | +140% |
| Tangible fixed assets | 22/27 | €7,165 | €17,425 | +€10,260 | +143% |
| Plant, machinery and equipment | 23 | €5,565 | €16,225 | +€10,660 | +192% |
| Furniture and vehicles | 24 | €1,600 | €1,200 | -€400 | -25.0% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €35,350 | €15,401 | -€19,949 | -56.4% |
| Amounts receivable after more than one year | 29 | €27,342 | €3,575 | -€23,767 | -86.9% |
| Trade receivables | 290 | €27,342 | €3,575 | -€23,767 | -86.9% |
| Amounts receivable within one year | 40/41 | €279 | €7,872 | +€7,593 | +2,722% |
| Other amounts receivable | 41 | €279 | €7,872 | +€7,593 | +2,722% |
| Cash at bank and in hand | 54/58 | €7,459 | €2,229 | -€5,230 | -70.1% |
| Deferred charges and accrued income | 490/1 | €270 | €1,725 | +€1,455 | +539% |
| Total equity and liabilities | 10/49 | €42,689 | €33,000 | -€9,689 | -22.7% |
| Equity | 10/15 | €28,597 | €14,594 | -€14,003 | -49.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,097 | €12,094 | -€14,003 | -53.7% |
| Amounts payable | 17/49 | €14,092 | €18,406 | +€4,314 | +30.6% |
| Amounts payable after more than one year | 17 | €2,405 | €11,250 | +€8,845 | +368% |
| Financial debts | 170/4 | €2,405 | €11,250 | +€8,845 | +368% |
| Amounts payable within one year | 42/48 | €11,687 | €7,156 | -€4,531 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €2,207 | €4,154 | +€1,947 | +88.2% |
| Trade debts | 44 | €6,143 | €3,002 | -€3,141 | -51.1% |
| Suppliers | 440/4 | €6,143 | €3,002 | -€3,141 | -51.1% |
| Taxes, remuneration and social security | 45 | €3,337 | - | -€3,337 | |
| Taxes | 450/3 | €3,337 | - | -€3,337 | |
| Turnover | 70 | €97,692 | €52,755 | -€44,937 | -46.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €94,583 | €62,288 | -€32,295 | -34.1% |
| Remuneration, social security and pensions | 62 | -€231 | -€30 | +€201 | +87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,058 | €3,195 | -€1,863 | -36.8% |
| Other operating charges | 640/8 | €662 | €677 | +€15 | +2.3% |
| Non-recurring operating charges | 66A | - | €35 | +€35 | |
| Gross operating margin | 9900 | €3,109 | -€9,534 | -€12,643 | |
| Operating profit (loss) | 9901 | -€2,380 | -€13,411 | -€11,031 | -463% |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €1,483 | €776 | -€707 | -47.7% |
| Recurring financial charges | 65 | €1,483 | €776 | -€707 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,863 | -€14,002 | -€10,139 | -262% |
| Income taxes | 67/77 | €20 | - | -€20 | |
| Profit (loss) for the period | 9904 | -€3,883 | -€14,002 | -€10,119 | -261% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,883 | -€14,002 | -€10,119 | -261% |
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 30 October 2026 via checked.be.