COELLU: 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.
COELLU
Largest movements
- Cash -€50,307
down €50,307 (-63.5%), from €79,230 to €28,923
mainly Receivables within one year (-€30,529) and Net result for the year (-€28,405)
- Receivables within one year +€30,529
up €30,529 (+75.6%), from €40,370 to €70,900
of which Other amounts receivable: +€38,497
- Tangible fixed assets +€3,675
up €3,675 (+383%), from €960 to €4,635
of which Plant, machinery and equipment: +€2,145
- Stocks and contracts +€1,733
up €1,733 (+4.7%), from €36,748 to €38,480
- Profit (loss) carried forward -€28,405
down €28,405 (-30.7%), from €92,477 to €64,073
- Other debts +€19,771
new in 2025: €19,771
- Tax, wage and social debts -€12,101
down €12,101 (-57.9%), from €20,908 to €8,806
of which Remuneration and social security: -€6,072
- Trade debts +€5,507
up €5,507 (+13.9%), from €39,591 to €45,097
- Gross operating margin -€70,476
down €70,476 (-97.7%), from €72,140 to €1,664
- Staff costs -€4,109
down €4,109 (-13.5%), from €30,365 to €26,256
- Financial income +€2,152
up €2,152 (+43,733%), from €5 to €2,157
- Other operating charges +€1,256
up €1,256 (+164%), from €767 to €2,023
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 | €158,976 | €143,747 | -€15,229 | -9.6% |
| Fixed assets | 21/28 | €960 | €4,635 | +€3,675 | +383% |
| Tangible fixed assets | 22/27 | €960 | €4,635 | +€3,675 | +383% |
| Plant, machinery and equipment | 23 | €960 | €3,105 | +€2,145 | +223% |
| Furniture and vehicles | 24 | - | €1,530 | +€1,530 | |
| Current assets | 29/58 | €158,016 | €139,112 | -€18,904 | -12.0% |
| Stocks and contracts in progress | 3 | €36,748 | €38,480 | +€1,733 | +4.7% |
| Stocks | 30/36 | €36,748 | €38,480 | +€1,733 | +4.7% |
| Amounts receivable within one year | 40/41 | €40,370 | €70,900 | +€30,529 | +75.6% |
| Trade receivables | 40 | €34,898 | €26,930 | -€7,968 | -22.8% |
| Other amounts receivable | 41 | €5,473 | €43,970 | +€38,497 | +703% |
| Cash at bank and in hand | 54/58 | €79,230 | €28,923 | -€50,307 | -63.5% |
| Deferred charges and accrued income | 490/1 | €1,668 | €809 | -€859 | -51.5% |
| Total equity and liabilities | 10/49 | €158,976 | €143,747 | -€15,229 | -9.6% |
| Equity | 10/15 | €98,477 | €70,073 | -€28,405 | -28.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,477 | €64,073 | -€28,405 | -30.7% |
| Amounts payable | 17/49 | €60,499 | €73,675 | +€13,176 | +21.8% |
| Amounts payable within one year | 42/48 | €60,499 | €73,675 | +€13,176 | +21.8% |
| Trade debts | 44 | €39,591 | €45,097 | +€5,507 | +13.9% |
| Suppliers | 440/4 | €39,591 | €45,097 | +€5,507 | +13.9% |
| Taxes, remuneration and social security | 45 | €20,908 | €8,806 | -€12,101 | -57.9% |
| Taxes | 450/3 | €9,770 | €3,741 | -€6,029 | -61.7% |
| Remuneration and social security | 454/9 | €11,138 | €5,065 | -€6,072 | -54.5% |
| Other amounts payable | 47/48 | - | €19,771 | +€19,771 | |
| Non-recurring operating income | 76A | - | €2,820 | +€2,820 | |
| Remuneration, social security and pensions | 62 | €30,365 | €26,256 | -€4,109 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €1,473 | +€52 | +3.7% |
| Other operating charges | 640/8 | €767 | €2,023 | +€1,256 | +164% |
| Gross operating margin | 9900 | €72,140 | €1,664 | -€70,476 | -97.7% |
| Operating profit (loss) | 9901 | €39,587 | -€28,088 | -€67,675 | |
| Financial income | 75/76B | €5 | €2,157 | +€2,152 | +43,733% |
| Recurring financial income | 75 | €5 | €2,157 | +€2,152 | +43,733% |
| Financial charges | 65/66B | €2,545 | €2,333 | -€212 | -8.3% |
| Recurring financial charges | 65 | €2,308 | €2,333 | +€25 | +1.1% |
| Non-recurring financial charges | 66B | €237 | - | -€237 | |
| Profit (loss) for the period before taxes | 9903 | €37,047 | -€28,264 | -€65,311 | |
| Income taxes | 67/77 | €96 | €141 | +€45 | +47.3% |
| Profit (loss) for the period | 9904 | €36,951 | -€28,405 | -€65,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,951 | -€28,405 | -€65,356 |
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 16 October 2026 via checked.be.