COEL STUDIO: 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.
COEL STUDIO
Largest movements
- Cash +€23,459
up €23,459 (+88.3%), from €26,581 to €50,040
mainly Net result for the year (+€35,403) and Receivables within one year (+€10,206)
- Receivables within one year -€10,206
down €10,206 (-28.7%), from €35,562 to €25,356
- Deferred charges and accrued income +€9,582
up €9,582 (+2,083%), from €460 to €10,042
- Tangible fixed assets +€8,893
up €8,893 (+142%), from €6,243 to €15,136
- Profit (loss) carried forward +€34,570
up €34,570 (+86.3%), from €40,071 to €74,641
- Tax, wage and social debts -€3,213
down €3,213 (-15.2%), from €21,117 to €17,904
- Other debts +€1,855
up €1,855 (+55.1%), from €3,366 to €5,221
- Trade debts -€1,483
down €1,483 (-39.1%), from €3,793 to €2,309
- Depreciation +€4,912
up €4,912 (+2,551%), from €193 to €5,105
- Gross operating margin -€1,308
down €1,308 (-2.5%), from €51,441 to €50,134
- Taxes -€719
down €719 (-7.0%), from €10,272 to €9,553
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 | €68,847 | €100,575 | +€31,728 | +46.1% |
| Fixed assets | 21/28 | €6,243 | €15,136 | +€8,893 | +142% |
| Tangible fixed assets | 22/27 | €6,243 | €15,136 | +€8,893 | +142% |
| Furniture and vehicles | 24 | €6,243 | €15,136 | +€8,893 | +142% |
| Current assets | 29/58 | €62,603 | €85,438 | +€22,835 | +36.5% |
| Amounts receivable within one year | 40/41 | €35,562 | €25,356 | -€10,206 | -28.7% |
| Trade receivables | 40 | €35,562 | €25,356 | -€10,206 | -28.7% |
| Cash at bank and in hand | 54/58 | €26,581 | €50,040 | +€23,459 | +88.3% |
| Deferred charges and accrued income | 490/1 | €460 | €10,042 | +€9,582 | +2,083% |
| Total equity and liabilities | 10/49 | €68,847 | €100,575 | +€31,728 | +46.1% |
| Equity | 10/15 | €40,571 | €75,141 | +€34,570 | +85.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,071 | €74,641 | +€34,570 | +86.3% |
| Amounts payable | 17/49 | €28,275 | €25,434 | -€2,841 | -10.0% |
| Amounts payable within one year | 42/48 | €28,275 | €25,434 | -€2,841 | -10.0% |
| Trade debts | 44 | €3,793 | €2,309 | -€1,483 | -39.1% |
| Suppliers | 440/4 | €3,793 | €2,309 | -€1,483 | -39.1% |
| Taxes, remuneration and social security | 45 | €21,117 | €17,904 | -€3,213 | -15.2% |
| Taxes | 450/3 | €21,117 | €17,904 | -€3,213 | -15.2% |
| Other amounts payable | 47/48 | €3,366 | €5,221 | +€1,855 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €5,105 | +€4,912 | +2,551% |
| Other operating charges | 640/8 | - | €32 | +€32 | |
| Gross operating margin | 9900 | €51,441 | €50,134 | -€1,308 | -2.5% |
| Operating profit (loss) | 9901 | €51,249 | €44,997 | -€6,252 | -12.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46 | €41 | -€6 | -12.6% |
| Recurring financial charges | 65 | €46 | €41 | -€6 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €51,202 | €44,956 | -€6,246 | -12.2% |
| Income taxes | 67/77 | €10,272 | €9,553 | -€719 | -7.0% |
| Profit (loss) for the period | 9904 | €40,930 | €35,403 | -€5,527 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,930 | €35,403 | -€5,527 | -13.5% |
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 19 October 2026 via checked.be.