COECK SEALING: 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.
COECK SEALING
Largest movements
- Receivables within one year +€67,104
up €67,104 (+56.7%), from €118,435 to €185,538
of which Other amounts receivable: +€53,998
- Tangible fixed assets -€45,402
down €45,402 (-17.7%), from €256,718 to €211,316
of which Furniture and vehicles: -€39,734
- Cash +€44,050
up €44,050 (+25.7%), from €171,244 to €215,295
mainly Net result for the year (+€493,533) and Other debts (+€272,279)
- Reserves -€292,310
down €292,310 (-100%), from €292,310 to €0
- Other debts +€272,279
up €272,279 (+1,244,988%), from €22 to €272,301
- Tax, wage and social debts +€70,245
up €70,245 (+97.9%), from €71,760 to €142,004
- Debts after one year -€33,774
down €33,774 (-25.8%), from €130,668 to €96,894
- Short-term financial debts +€28,802
up €28,802 (+385%), from €7,483 to €36,285
- Gross operating margin +€471,350
up €471,350 (+177%), from €265,818 to €737,168
- Taxes +€109,718
up €109,718 (+212%), from €51,782 to €161,500
- Depreciation +€34,577
up €34,577 (+114%), from €30,214 to €64,791
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 | €550,460 | €612,149 | +€61,689 | +11.2% |
| Fixed assets | 21/28 | €256,718 | €211,316 | -€45,402 | -17.7% |
| Tangible fixed assets | 22/27 | €256,718 | €211,316 | -€45,402 | -17.7% |
| Land and buildings | 22 | €57,451 | €59,970 | +€2,520 | +4.4% |
| Plant, machinery and equipment | 23 | €11,671 | €3,483 | -€8,187 | -70.2% |
| Furniture and vehicles | 24 | €187,596 | €147,862 | -€39,734 | -21.2% |
| Current assets | 29/58 | €293,742 | €400,833 | +€107,091 | +36.5% |
| Amounts receivable within one year | 40/41 | €118,435 | €185,538 | +€67,104 | +56.7% |
| Trade receivables | 40 | €115,417 | €128,523 | +€13,106 | +11.4% |
| Other amounts receivable | 41 | €3,018 | €57,015 | +€53,998 | +1,789% |
| Cash at bank and in hand | 54/58 | €171,244 | €215,295 | +€44,050 | +25.7% |
| Deferred charges and accrued income | 490/1 | €4,063 | €0 | -€4,063 | -100% |
| Total equity and liabilities | 10/49 | €550,460 | €612,149 | +€61,689 | +11.2% |
| Equity | 10/15 | €294,810 | €2,500 | -€292,310 | -99.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €292,310 | €0 | -€292,310 | -100% |
| Distributable reserves | 133 | €292,310 | €0 | -€292,310 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €255,650 | €609,649 | +€353,998 | +138% |
| Amounts payable after more than one year | 17 | €130,668 | €96,894 | -€33,774 | -25.8% |
| Financial debts | 170/4 | €130,668 | €96,894 | -€33,774 | -25.8% |
| Amounts payable within one year | 42/48 | €124,983 | €512,755 | +€387,772 | +310% |
| Current portion of amounts payable after more than one year | 42 | €31,378 | €33,174 | +€1,796 | +5.7% |
| Financial debts | 43 | €7,483 | €36,285 | +€28,802 | +385% |
| Credit institutions | 430/8 | €7,483 | €36,285 | +€28,802 | +385% |
| Trade debts | 44 | €14,340 | €28,991 | +€14,651 | +102% |
| Suppliers | 440/4 | €14,340 | €28,991 | +€14,651 | +102% |
| Taxes, remuneration and social security | 45 | €71,760 | €142,004 | +€70,245 | +97.9% |
| Taxes | 450/3 | €71,760 | €142,004 | +€70,245 | +97.9% |
| Other amounts payable | 47/48 | €22 | €272,301 | +€272,279 | +1,244,988% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,214 | €64,791 | +€34,577 | +114% |
| Other operating charges | 640/8 | €2,229 | €8,979 | +€6,751 | +303% |
| Non-recurring operating charges | 66A | €8,376 | €0 | -€8,376 | -100% |
| Gross operating margin | 9900 | €265,818 | €737,168 | +€471,350 | +177% |
| Operating profit (loss) | 9901 | €225,000 | €663,398 | +€438,398 | +195% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,453 | €8,365 | +€2,912 | +53.4% |
| Recurring financial charges | 65 | €5,453 | €8,365 | +€2,912 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €219,547 | €655,033 | +€435,486 | +198% |
| Income taxes | 67/77 | €51,782 | €161,500 | +€109,718 | +212% |
| Profit (loss) for the period | 9904 | €167,764 | €493,533 | +€325,768 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €167,764 | €493,533 | +€325,768 | +194% |
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 13 October 2026 via checked.be.