Coekaerts: 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.
Coekaerts
Largest movements
- Cash -€45,209
down €45,209 (-98.3%), from €46,005 to €796
mainly Net result for the year (-€63,673) and Investment in fixed assets (net) (-€13,857)
- Tangible fixed assets +€10,220
up €10,220 (+74.4%), from €13,743 to €23,963
of which Plant, machinery and equipment: +€9,726
- Receivables within one year +€7,948
up €7,948 (+155.9%), from €5,096 to €13,044
of which Other amounts receivable: +€8,268
- Deferred charges and accrued income -€732
no longer reported in 2025 (was €732)
- Profit (loss) carried forward -€63,673
down €63,673 (-43.1%), from -€147,718 to -€211,391
- Trade debts +€20,618
new in 2025: €20,618
- Other debts +€15,282
up €15,282 (+70.4%), from €21,702 to €36,984
- Gross operating margin -€92,813
down €92,813, from €33,108 to -€59,705
- Staff costs -€22,203
no longer reported in 2025 (was €22,203)
- Depreciation -€1,042
down €1,042 (-22.3%), from €4,679 to €3,637
- Other operating charges -€719
down €719 (-74.4%), from €967 to €248
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,576 | €37,803 | -€27,773 | -42.4% |
| Fixed assets | 21/28 | €13,743 | €23,963 | +€10,220 | +74.4% |
| Tangible fixed assets | 22/27 | €13,743 | €23,963 | +€10,220 | +74.4% |
| Land and buildings | 22 | €2,989 | €3,485 | +€496 | +16.6% |
| Plant, machinery and equipment | 23 | €10,752 | €20,478 | +€9,726 | +90.5% |
| Furniture and vehicles | 24 | €3 | - | -€3 | |
| Current assets | 29/58 | €51,833 | €13,840 | -€37,992 | -73.3% |
| Amounts receivable within one year | 40/41 | €5,096 | €13,044 | +€7,948 | +155.9% |
| Trade receivables | 40 | €320 | - | -€320 | |
| Other amounts receivable | 41 | €4,776 | €13,044 | +€8,268 | +173.1% |
| Cash at bank and in hand | 54/58 | €46,005 | €796 | -€45,209 | -98.3% |
| Deferred charges and accrued income | 490/1 | €732 | - | -€732 | |
| Total equity and liabilities | 10/49 | €65,576 | €37,803 | -€27,773 | -42.4% |
| Equity | 10/15 | €43,874 | -€19,799 | -€63,673 | |
| Contributions | 10/11 | €191,592 | €191,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,718 | -€211,391 | -€63,673 | -43.1% |
| Amounts payable | 17/49 | €21,702 | €57,602 | +€35,900 | +165.4% |
| Amounts payable within one year | 42/48 | €21,702 | €57,602 | +€35,900 | +165.4% |
| Trade debts | 44 | - | €20,618 | +€20,618 | |
| Suppliers | 440/4 | - | €20,618 | +€20,618 | |
| Other amounts payable | 47/48 | €21,702 | €36,984 | +€15,282 | +70.4% |
| Remuneration, social security and pensions | 62 | €22,203 | - | -€22,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,679 | €3,637 | -€1,042 | -22.3% |
| Other operating charges | 640/8 | €967 | €248 | -€719 | -74.4% |
| Gross operating margin | 9900 | €33,108 | -€59,705 | -€92,813 | |
| Operating profit (loss) | 9901 | €5,259 | -€63,590 | -€68,850 | |
| Financial income | 75/76B | €0 | €50 | +€50 | +123750.0% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +123750.0% |
| Financial charges | 65/66B | €146 | €132 | -€14 | -9.4% |
| Recurring financial charges | 65 | €146 | €132 | -€14 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €5,114 | -€63,673 | -€68,787 | |
| Profit (loss) for the period | 9904 | €5,114 | -€63,673 | -€68,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,114 | -€63,673 | -€68,787 |
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.