COELEMBIER: 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
COELEMBIER
NACE 43.350, Other building finishing work
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€4,901
2025 · €114,816-€109,915
Equity
€795,142
2025 · €790,241+€4,901
Cash
€447,037
2025 · €480,839-€33,802
Balance sheet total
€3.0m
2025 · €3.4m-€419,522
Largest movements
Assets
- Receivables within one year -€576,579
down €576,579 (-27.4%), from €2.1m to €1.5m
of which Trade receivables: -€616,149
- Stocks and contracts +€222,206
up €222,206 (+37.2%), from €597,904 to €820,110
of which Contracts in progress: +€240,653
Equity and liabilities
- Advances received -€315,947
down €315,947 (-100.0%), from €315,947 to €0
- Trade debts -€91,719
down €91,719 (-4.8%), from €1.9m to €1.8m
- Current portion of long-term debt -€53,572
down €53,572 (-100.0%), from €53,572 to €0
Income statement
- Staff costs +€182,927
up €182,927 (+7.7%), from €2.4m to €2.5m
- Gross operating margin +€142,718
up €142,718 (+5.6%), from €2.6m to €2.7m
- Taxes +€38,844
up €38,844, from -€22,885 to €15,959
From the 2025 result to the 2026 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 2025
€114,816
Gross operating margin
+€142,718
Staff costs
-€182,927
Depreciation
+€1,112
Other operating charges
+€5,021
Other operating items
-€15,360
Financial income
-€12,815
Financial charges
-€8,819
Taxes
-€38,844
Result 2026
€4,901
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€51,861
Investment
-€32,090
Financing
-€53,572
Cash 2025
€480,839
From operations (derived)
+€51,861
Net result for the year
+€4,901
Depreciation
+€64,495
Stocks and contracts
-€222,206
Receivables within one year
+€576,579
Smaller working-capital items
-€1,870
Trade debts
-€91,719
Tax, wage and social debts
+€10,121
Advances received
-€315,947
Other debts
+€27,505
Investment (derived)
-€32,090
Investment in fixed assets (net)
-€32,090
Financing
-€53,572
Current portion of long-term debt
-€53,572
Cash 2026
€447,037
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,419,803 | €3,000,281 | -€419,522 | -12.3% |
| Fixed assets | 21/28 | €202,002 | €169,598 | -€32,405 | -16.0% |
| Intangible fixed assets | 21 | €92,634 | €65,896 | -€26,738 | -28.9% |
| Tangible fixed assets | 22/27 | €69,368 | €63,702 | -€5,667 | -8.2% |
| Land and buildings | 22 | €968 | €687 | -€281 | -29.0% |
| Plant, machinery and equipment | 23 | €49,178 | €40,039 | -€9,139 | -18.6% |
| Furniture and vehicles | 24 | €19,223 | €22,976 | +€3,753 | +19.5% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €3,217,800 | €2,830,683 | -€387,117 | -12.0% |
| Stocks and contracts in progress | 3 | €597,904 | €820,110 | +€222,206 | +37.2% |
| Stocks | 30/36 | €102,560 | €84,113 | -€18,446 | -18.0% |
| Contracts in progress | 37 | €495,344 | €735,997 | +€240,653 | +48.6% |
| Amounts receivable within one year | 40/41 | €2,103,613 | €1,527,034 | -€576,579 | -27.4% |
| Trade receivables | 40 | €1,994,756 | €1,378,607 | -€616,149 | -30.9% |
| Other amounts receivable | 41 | €108,857 | €148,427 | +€39,570 | +36.4% |
| Cash at bank and in hand | 54/58 | €480,839 | €447,037 | -€33,802 | -7.0% |
| Deferred charges and accrued income | 490/1 | €35,445 | €36,502 | +€1,058 | +3.0% |
| Total equity and liabilities | 10/49 | €3,419,803 | €3,000,281 | -€419,522 | -12.3% |
| Equity | 10/15 | €790,241 | €795,142 | +€4,901 | +0.6% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €660,097 | €664,998 | +€4,901 | +0.7% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,957 | €62,957 | = | 0.0% |
| Distributable reserves | 133 | €584,126 | €589,027 | +€4,901 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,629,561 | €2,205,139 | -€424,423 | -16.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,623,587 | €2,199,976 | -€423,611 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €53,572 | €0 | -€53,572 | -100.0% |
| Trade debts | 44 | €1,925,084 | €1,833,365 | -€91,719 | -4.8% |
| Suppliers | 440/4 | €1,925,084 | €1,833,365 | -€91,719 | -4.8% |
| Advances received on contracts in progress | 46 | €315,947 | €0 | -€315,947 | -100.0% |
| Taxes, remuneration and social security | 45 | €201,831 | €211,952 | +€10,121 | +5.0% |
| Taxes | 450/3 | €16,589 | €11,904 | -€4,684 | -28.2% |
| Remuneration and social security | 454/9 | €185,242 | €200,048 | +€14,806 | +8.0% |
| Other amounts payable | 47/48 | €127,153 | €154,658 | +€27,505 | +21.6% |
| Accrued charges and deferred income | 492/3 | €5,975 | €5,163 | -€812 | -13.6% |
| Non-recurring operating income | 76A | €4,878 | €0 | -€4,878 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,364,670 | €2,547,597 | +€182,927 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,607 | €64,495 | -€1,112 | -1.7% |
| Other operating charges | 640/8 | €8,851 | €3,830 | -€5,021 | -56.7% |
| Non-recurring operating charges | 66A | €2,250 | €17,610 | +€15,360 | +682.7% |
| Gross operating margin | 9900 | €2,550,121 | €2,692,839 | +€142,718 | +5.6% |
| Operating profit (loss) | 9901 | €108,744 | €59,307 | -€49,437 | -45.5% |
| Financial income | 75/76B | €22,467 | €9,653 | -€12,815 | -57.0% |
| Recurring financial income | 75 | €22,467 | €9,653 | -€12,815 | -57.0% |
| Financial charges | 65/66B | €39,280 | €48,100 | +€8,819 | +22.5% |
| Recurring financial charges | 65 | €39,280 | €48,100 | +€8,819 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €91,931 | €20,860 | -€71,071 | -77.3% |
| Income taxes | 67/77 | -€22,885 | €15,959 | +€38,844 | |
| Profit (loss) for the period | 9904 | €114,816 | €4,901 | -€109,915 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,816 | €4,901 | -€109,915 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.