COCOON@WORK: 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.
What changed
COCOON@WORK
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,290
2024 · €51,954-€54,243
Equity
€210,794
2024 · €213,925-€3,131
Cash
€22,739
2024 · €22,552+€187
Balance sheet total
€469,726
2024 · €508,732-€39,006
Largest movements
Assets
- Tangible fixed assets -€69,969
down €69,969 (-16.2%), from €432,426 to €362,457
- Deferred charges and accrued income +€12,331
up €12,331 (+120.2%), from €10,262 to €22,594
- Stocks and contracts +€11,449
up €11,449 (+42.4%), from €27,021 to €38,469
- Receivables within one year +€8,436
up €8,436 (+81.3%), from €10,382 to €18,818
of which Trade receivables: +€13,256
Equity and liabilities
- Other debts -€36,659
down €36,659 (-95.8%), from €38,278 to €1,619
- Debts after one year -€11,506
down €11,506 (-7.4%), from €155,926 to €144,420
of which Financial debts: -€11,506
- Advances received +€7,456
up €7,456 (+25.5%), from €29,216 to €36,672
- Trade debts +€5,375
up €5,375 (+19.1%), from €28,210 to €33,585
Income statement
- Gross operating margin -€82,559
down €82,559 (-27.3%), from €302,159 to €219,599
- Taxes -€20,734
down €20,734, from €19,976 to -€759
- Depreciation -€4,968
down €4,968 (-5.7%), from €86,584 to €81,616
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.
Result 2024
€51,954
Gross operating margin
-€82,559
Staff costs
+€2,330
Depreciation
+€4,968
Other operating charges
+€265
Other operating items
+€1,006
Financial income
-€826
Financial charges
-€160
Taxes
+€20,734
Result 2025
-€2,290
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.
From operations
+€26,490
Investment
-€10,206
Financing
-€16,097
Cash 2024
€22,552
From operations (derived)
+€26,490
Net result for the year
-€2,290
Depreciation
+€81,616
Stocks and contracts
-€11,449
Receivables within one year
-€8,436
Deferred charges and accrued income
-€12,331
Trade debts
+€5,375
Tax, wage and social debts
+€3,208
Advances received
+€7,456
Other debts
-€36,659
Investment (derived)
-€10,206
Investment in fixed assets (net)
-€10,206
Financing
-€16,097
Debts after one year
-€11,506
Current portion of long-term debt
-€3,749
Contributions, distributions and other
-€841
Cash 2025
€22,739
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,732 | €469,726 | -€39,006 | -7.7% |
| Fixed assets | 21/28 | €438,515 | €367,106 | -€71,410 | -16.3% |
| Intangible fixed assets | 21 | €5,989 | €4,549 | -€1,440 | -24.0% |
| Tangible fixed assets | 22/27 | €432,426 | €362,457 | -€69,969 | -16.2% |
| Land and buildings | 22 | €250,580 | €229,613 | -€20,967 | -8.4% |
| Plant, machinery and equipment | 23 | €105,692 | €83,988 | -€21,704 | -20.5% |
| Furniture and vehicles | 24 | €65,793 | €39,667 | -€26,126 | -39.7% |
| Other tangible fixed assets | 26 | €10,361 | €9,188 | -€1,173 | -11.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €70,217 | €102,620 | +€32,404 | +46.1% |
| Stocks and contracts in progress | 3 | €27,021 | €38,469 | +€11,449 | +42.4% |
| Stocks | 30/36 | €27,021 | €38,469 | +€11,449 | +42.4% |
| Amounts receivable within one year | 40/41 | €10,382 | €18,818 | +€8,436 | +81.3% |
| Trade receivables | 40 | €5,262 | €18,518 | +€13,256 | +251.9% |
| Other amounts receivable | 41 | €5,120 | €299 | -€4,820 | -94.2% |
| Cash at bank and in hand | 54/58 | €22,552 | €22,739 | +€187 | +0.8% |
| Deferred charges and accrued income | 490/1 | €10,262 | €22,594 | +€12,331 | +120.2% |
| Total equity and liabilities | 10/49 | €508,732 | €469,726 | -€39,006 | -7.7% |
| Equity | 10/15 | €213,925 | €210,794 | -€3,131 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,360 | €124,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,500 | €122,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,124 | €67,834 | -€2,290 | -3.3% |
| Investment grants | 15 | €841 | - | -€841 | |
| Amounts payable | 17/49 | €294,807 | €258,932 | -€35,875 | -12.2% |
| Amounts payable after more than one year | 17 | €155,926 | €144,420 | -€11,506 | -7.4% |
| Financial debts | 170/4 | €155,126 | €143,620 | -€11,506 | -7.4% |
| Other amounts payable | 178/9 | €800 | €800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €138,881 | €114,511 | -€24,369 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €35,255 | €31,506 | -€3,749 | -10.6% |
| Trade debts | 44 | €28,210 | €33,585 | +€5,375 | +19.1% |
| Suppliers | 440/4 | €28,210 | €33,585 | +€5,375 | +19.1% |
| Advances received on contracts in progress | 46 | €29,216 | €36,672 | +€7,456 | +25.5% |
| Taxes, remuneration and social security | 45 | €7,922 | €11,130 | +€3,208 | +40.5% |
| Taxes | 450/3 | €221 | €3,550 | +€3,329 | +1505.8% |
| Remuneration and social security | 454/9 | €7,701 | €7,580 | -€121 | -1.6% |
| Other amounts payable | 47/48 | €38,278 | €1,619 | -€36,659 | -95.8% |
| Remuneration, social security and pensions | 62 | €129,579 | €127,250 | -€2,330 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,584 | €81,616 | -€4,968 | -5.7% |
| Other operating charges | 640/8 | €7,529 | €7,264 | -€265 | -3.5% |
| Non-recurring operating charges | 66A | €1,006 | - | -€1,006 | |
| Gross operating margin | 9900 | €302,159 | €219,599 | -€82,559 | -27.3% |
| Operating profit (loss) | 9901 | €77,461 | €3,469 | -€73,992 | -95.5% |
| Financial income | 75/76B | €1,775 | €949 | -€826 | -46.6% |
| Recurring financial income | 75 | €1,775 | €949 | -€826 | -46.6% |
| Financial charges | 65/66B | €7,307 | €7,466 | +€160 | +2.2% |
| Recurring financial charges | 65 | €7,307 | €7,466 | +€160 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €71,929 | -€3,048 | -€74,978 | |
| Income taxes | 67/77 | €19,976 | -€759 | -€20,734 | |
| Profit (loss) for the period | 9904 | €51,954 | -€2,290 | -€54,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,954 | -€2,290 | -€54,243 |
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 3 October 2026 via checked.be.