COEK ENGINEERING: 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
COEK ENGINEERING
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€423,459
2024 · €1.6m-€1.2m
Equity
€8.2m
2024 · €7.8m+€423,459
Cash
€689,603
2024 · €636,267+€53,336
Balance sheet total
€24.0m
2024 · €25.4m-€1.4m
Largest movements
Assets
- Current investments -€3.6m
down €3.6m (-41.7%), from €8.6m to €5.0m
- Stocks and contracts +€2.2m
up €2.2m (+181.3%), from €1.2m to €3.3m
of which Contracts in progress: +€2.1m
- Receivables within one year -€678,792
down €678,792 (-14.2%), from €4.8m to €4.1m
of which Trade receivables: -€1.0m
- Tangible fixed assets +€582,362
up €582,362 (+78.1%), from €745,393 to €1.3m
of which Assets under construction and advance payments: +€595,823
Equity and liabilities
- Advances received -€3.5m
down €3.5m (-30.4%), from €11.4m to €7.9m
- Other debts +€2.3m
up €2.3m (+63.0%), from €3.6m to €5.9m
- Trade debts -€749,196
down €749,196 (-32.5%), from €2.3m to €1.6m
- Reserves +€423,459
up €423,459 (+5.6%), from €7.5m to €8.0m
of which Distributable reserves: +€423,459
Income statement
- Turnover -€7.2m
down €7.2m (-23.0%), from €31.4m to €24.2m
- Goods and materials +€499,672
up €499,672 (+2.5%), from €20.1m to €20.6m
of which Purchases: +€604,527
- Taxes -€401,706
down €401,706 (-71.3%), from €563,474 to €161,768
of which Taxes: -€400,691
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
€1.6m
Turnover
-€7.2m
Other operating income
+€7,136
Goods and materials
-€499,672
Services and other goods
-€190,139
Staff costs
-€88,986
Depreciation
+€28,477
Other operating charges
-€1,048
Other operating items
+€6.4m
Financial income
-€84,584
Financial charges
+€28,861
Taxes
+€401,706
Result 2025
€423,459
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
-€2.9m
Investment
+€2.9m
Financing
€0
Cash 2024
€636,267
From operations (derived)
-€2.9m
Net result for the year
+€423,459
Depreciation
+€40,897
Stocks and contracts
-€2.2m
Receivables within one year
+€678,792
Deferred charges and accrued income
-€18,355
Trade debts
-€749,196
Tax, wage and social debts
+€39,898
Advances received
-€3.5m
Other debts
+€2.3m
Accrued charges and deferred income
+€14,156
Investment (derived)
+€2.9m
Investment in fixed assets (net)
-€623,259
Current investments
+€3.6m
Cash 2025
€689,603
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,416,111 | €23,983,505 | -€1.4m | -5.6% |
| Fixed assets | 21/28 | €10,146,723 | €10,729,086 | +€582,362 | +5.7% |
| Tangible fixed assets | 22/27 | €745,393 | €1,327,755 | +€582,362 | +78.1% |
| Plant, machinery and equipment | 23 | €115,847 | €107,377 | -€8,471 | -7.3% |
| Furniture and vehicles | 24 | €16,384 | €11,394 | -€4,990 | -30.5% |
| Assets under construction and advance payments | 27 | €613,161 | €1,208,984 | +€595,823 | +97.2% |
| Financial fixed assets | 28 | €9,401,331 | €9,401,331 | = | 0.0% |
| Affiliated companies | 280/1 | €9,400,000 | €9,400,000 | = | 0.0% |
| Participating interests | 280 | €9,400,000 | €9,400,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,331 | €1,331 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,331 | €1,331 | = | 0.0% |
| Current assets | 29/58 | €15,269,388 | €13,254,420 | -€2.0m | -13.2% |
| Stocks and contracts in progress | 3 | €1,187,720 | €3,341,503 | +€2.2m | +181.3% |
| Stocks | 30/36 | €1,092,116 | €1,168,572 | +€76,455 | +7.0% |
| Raw materials and consumables | 30/31 | €1,092,116 | €1,168,572 | +€76,455 | +7.0% |
| Contracts in progress | 37 | €95,603 | €2,172,931 | +€2.1m | +2172.9% |
| Amounts receivable within one year | 40/41 | €4,783,350 | €4,104,558 | -€678,792 | -14.2% |
| Trade receivables | 40 | €2,666,907 | €1,642,764 | -€1.0m | -38.4% |
| Other amounts receivable | 41 | €2,116,444 | €2,461,794 | +€345,350 | +16.3% |
| Current investments | 50/53 | €8,550,000 | €4,988,349 | -€3.6m | -41.7% |
| Other investments | 51/53 | €8,550,000 | €4,988,349 | -€3.6m | -41.7% |
| Cash at bank and in hand | 54/58 | €636,267 | €689,603 | +€53,336 | +8.4% |
| Deferred charges and accrued income | 490/1 | €112,051 | €130,406 | +€18,355 | +16.4% |
| Total equity and liabilities | 10/49 | €25,416,111 | €23,983,505 | -€1.4m | -5.6% |
| Equity | 10/15 | €7,782,099 | €8,205,558 | +€423,459 | +5.4% |
| Contributions | 10/11 | €242,949 | €242,949 | = | 0.0% |
| Capital | 10 | €242,949 | €242,949 | = | 0.0% |
| Issued capital | 100 | €242,949 | €242,949 | = | 0.0% |
| Reserves | 13 | €7,539,150 | €7,962,609 | +€423,459 | +5.6% |
| Non-distributable reserves | 130/1 | €24,295 | €24,295 | = | 0.0% |
| Legal reserve | 130 | €24,295 | €24,295 | = | 0.0% |
| Distributable reserves | 133 | €7,514,855 | €7,938,314 | +€423,459 | +5.6% |
| Amounts payable | 17/49 | €17,634,013 | €15,777,947 | -€1.9m | -10.5% |
| Amounts payable within one year | 42/48 | €17,634,013 | €15,763,792 | -€1.9m | -10.6% |
| Trade debts | 44 | €2,307,963 | €1,558,767 | -€749,196 | -32.5% |
| Suppliers | 440/4 | €2,307,963 | €1,558,767 | -€749,196 | -32.5% |
| Advances received on contracts in progress | 46 | €11,377,368 | €7,920,248 | -€3.5m | -30.4% |
| Taxes, remuneration and social security | 45 | €303,763 | €343,661 | +€39,898 | +13.1% |
| Taxes | 450/3 | €23,562 | €25,632 | +€2,069 | +8.8% |
| Remuneration and social security | 454/9 | €280,201 | €318,030 | +€37,829 | +13.5% |
| Other amounts payable | 47/48 | €3,644,919 | €5,941,116 | +€2.3m | +63.0% |
| Accrued charges and deferred income | 492/3 | - | €14,156 | +€14,156 | |
| Operating income | 70/76A | €27,084,043 | €26,293,860 | -€790,183 | -2.9% |
| Turnover | 70 | €31,398,532 | €24,172,933 | -€7.2m | -23.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€4,350,953 | €2,077,328 | +€6.4m | |
| Other operating income | 74 | €36,464 | €43,600 | +€7,136 | +19.6% |
| Operating charges | 60/66A | €24,916,009 | €25,667,377 | +€751,368 | +3.0% |
| Goods for resale, raw materials and consumables | 60 | €20,072,275 | €20,571,947 | +€499,672 | +2.5% |
| Purchases | 600/8 | €20,043,876 | €20,648,402 | +€604,527 | +3.0% |
| Change in stocks: decrease (increase) | 609 | €28,399 | -€76,455 | -€104,855 | |
| Services and other goods | 61 | €3,050,277 | €3,240,416 | +€190,139 | +6.2% |
| Remuneration, social security and pensions | 62 | €1,698,367 | €1,787,353 | +€88,986 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,374 | €40,897 | -€28,477 | -41.0% |
| Other operating charges | 640/8 | €25,717 | €26,765 | +€1,048 | +4.1% |
| Operating profit (loss) | 9901 | €2,168,035 | €626,483 | -€1.5m | -71.1% |
| Financial income | 75/76B | €189,813 | €105,229 | -€84,584 | -44.6% |
| Recurring financial income | 75 | €189,813 | €105,229 | -€84,584 | -44.6% |
| Income from current assets | 751 | €189,703 | €105,159 | -€84,544 | -44.6% |
| Other financial income | 752/9 | €110 | €70 | -€39 | -35.8% |
| Financial charges | 65/66B | €175,345 | €146,485 | -€28,861 | -16.5% |
| Recurring financial charges | 65 | €175,345 | €146,485 | -€28,861 | -16.5% |
| Debt charges | 650 | €56,466 | €63,596 | +€7,130 | +12.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€1,864 | -€867 | +€997 | +53.5% |
| Other financial charges | 652/9 | €120,743 | €83,756 | -€36,987 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €2,182,502 | €585,228 | -€1.6m | -73.2% |
| Income taxes | 67/77 | €563,474 | €161,768 | -€401,706 | -71.3% |
| Taxes | 670/3 | €563,847 | €163,156 | -€400,691 | -71.1% |
| Tax adjustments and reversals of tax provisions | 77 | €373 | €1,387 | +€1,014 | +271.8% |
| Profit (loss) for the period | 9904 | €1,619,028 | €423,459 | -€1.2m | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,619,028 | €423,459 | -€1.2m | -73.8% |
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 29 September 2026 via checked.be.