COECKELBERGHS: what changed
COECKELBERGHS
Largest movements
- Receivables within one year +€69,854
up €69,854 (+17.7%), from €395,299 to €465,153
of which Trade receivables: +€54,874
- Stocks and contracts -€64,930
down €64,930 (-71.8%), from €90,430 to €25,500
- Tangible fixed assets -€21,423
down €21,423 (-9.2%), from €233,648 to €212,225
of which Furniture and vehicles: -€26,095
- Cash -€16,542
down €16,542 (-37.5%), from €44,065 to €27,523
mainly Receivables within one year (-€69,854) and Investment in fixed assets (net) (-€41,000)
- Trade debts -€21,477
down €21,477 (-11.1%), from €193,959 to €172,482
- Debts after one year -€18,638
down €18,638 (-21.7%), from €85,701 to €67,062
- Reserves +€10,607
up €10,607 (+2.7%), from €389,983 to €400,590
of which Distributable reserves: +€10,607
- Profit (loss) carried forward +€7,879
no longer reported in 2025 (was -€7,879)
- Tax, wage and social debts -€7,796
down €7,796 (-32.8%), from €23,749 to €15,953
- Gross operating margin +€40,676
up €40,676 (+12.5%), from €324,847 to €365,523
- Staff costs -€20,429
down €20,429 (-7.6%), from €268,431 to €248,002
- Financial charges +€20,420
up €20,420 (+349%), from €5,848 to €26,268
of which Financial charges: +€10,374
- Depreciation +€13,001
up €13,001 (+26.3%), from €49,422 to €62,423
- Taxes +€6,365
up €6,365 (+2,569%), from €248 to €6,613
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,442 | €730,400 | -€33,042 | -4.3% |
| Fixed assets | 21/28 | €233,648 | €212,225 | -€21,423 | -9.2% |
| Tangible fixed assets | 22/27 | €233,648 | €212,225 | -€21,423 | -9.2% |
| Land and buildings | 22 | €148,491 | €130,026 | -€18,465 | -12.4% |
| Plant, machinery and equipment | 23 | €3,705 | €2,331 | -€1,374 | -37.1% |
| Furniture and vehicles | 24 | €43,752 | €17,657 | -€26,095 | -59.6% |
| Leasing and similar rights | 25 | €37,700 | €62,210 | +€24,510 | +65.0% |
| Current assets | 29/58 | €529,794 | €518,175 | -€11,619 | -2.2% |
| Stocks and contracts in progress | 3 | €90,430 | €25,500 | -€64,930 | -71.8% |
| Stocks | 30/36 | €90,430 | €25,500 | -€64,930 | -71.8% |
| Amounts receivable within one year | 40/41 | €395,299 | €465,153 | +€69,854 | +17.7% |
| Trade receivables | 40 | €179,028 | €233,902 | +€54,874 | +30.7% |
| Other amounts receivable | 41 | €216,271 | €231,251 | +€14,980 | +6.9% |
| Cash at bank and in hand | 54/58 | €44,065 | €27,523 | -€16,542 | -37.5% |
| Total equity and liabilities | 10/49 | €763,442 | €730,400 | -€33,042 | -4.3% |
| Equity | 10/15 | €400,696 | €419,182 | +€18,486 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €389,983 | €400,590 | +€10,607 | +2.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €388,124 | €398,731 | +€10,607 | +2.7% |
| Profit (loss) carried forward | 14 | -€7,879 | - | +€7,879 | |
| Amounts payable | 17/49 | €362,746 | €311,218 | -€51,528 | -14.2% |
| Amounts payable after more than one year | 17 | €85,701 | €67,062 | -€18,638 | -21.7% |
| Financial debts | 170/4 | €85,701 | €67,062 | -€18,638 | -21.7% |
| Amounts payable within one year | 42/48 | €277,045 | €244,156 | -€32,889 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €59,338 | €55,447 | -€3,891 | -6.6% |
| Trade debts | 44 | €193,959 | €172,482 | -€21,477 | -11.1% |
| Suppliers | 440/4 | €193,959 | €172,482 | -€21,477 | -11.1% |
| Taxes, remuneration and social security | 45 | €23,749 | €15,953 | -€7,796 | -32.8% |
| Remuneration and social security | 454/9 | €23,749 | €15,953 | -€7,796 | -32.8% |
| Other amounts payable | 47/48 | - | €274 | +€274 | |
| Remuneration, social security and pensions | 62 | €268,431 | €248,002 | -€20,429 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,422 | €62,423 | +€13,001 | +26.3% |
| Other operating charges | 640/8 | €8,777 | €4,021 | -€4,756 | -54.2% |
| Gross operating margin | 9900 | €324,847 | €365,523 | +€40,676 | +12.5% |
| Operating profit (loss) | 9901 | -€1,783 | €51,077 | +€52,860 | |
| Financial income | 75/76B | - | €290 | +€290 | |
| Recurring financial income | 75 | - | €290 | +€290 | |
| Financial charges | 65/66B | €5,848 | €26,268 | +€20,420 | +349% |
| Recurring financial charges | 65 | €5,848 | €16,222 | +€10,374 | +177% |
| Non-recurring financial charges | 66B | - | €10,046 | +€10,046 | |
| Profit (loss) for the period before taxes | 9903 | -€7,631 | €25,099 | +€32,730 | |
| Income taxes | 67/77 | €248 | €6,613 | +€6,365 | +2,569% |
| Profit (loss) for the period | 9904 | -€7,879 | €18,486 | +€26,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,879 | €18,486 | +€26,364 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.