COEMAN: what changed
What changed
COEMAN
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€8,638
2024 · €7,649+€990
Equity
€262,352
2024 · €253,713+€8,638
Cash
€52
2024 · €18,810-€18,758
Balance sheet total
€534,094
2024 · €589,667-€55,573
Largest movements
Assets
- Receivables within one year -€25,343
down €25,343 (-10.6%), from €239,012 to €213,669
- Cash -€18,758
down €18,758 (-99.7%), from €18,810 to €52
mainly Debts after one year (-€43,513) and Trade debts (-€34,942)
- Tangible fixed assets -€7,575
down €7,575 (-3.6%), from €208,289 to €200,714
of which Furniture and vehicles: -€5,957
Equity and liabilities
- Debts after one year -€43,513
down €43,513 (-63.6%), from €68,374 to €24,861
of which Other amounts payable: -€38,690
- Trade debts -€34,942
down €34,942 (-15.6%), from €224,324 to €189,382
- Short-term financial debts +€22,437
up €22,437, from €0 to €22,437
- Reserves +€8,638
up €8,638 (+3.7%), from €235,121 to €243,760
of which Distributable reserves: +€8,638
- Tax, wage and social debts -€8,394
down €8,394 (-22.1%), from €37,971 to €29,576
of which Taxes: -€15,794
Income statement
- Gross operating margin +€2,503
up €2,503 (+1.1%), from €237,949 to €240,452
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,649
Gross operating margin
+€2,503
Staff costs
+€644
Depreciation
-€133
Other operating charges
-€331
Other operating items
-€988
Financial income
-€5
Financial charges
-€692
Taxes
-€9
Result 2025
€8,638
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,081
Investment
-€1,569
Financing
-€21,269
Cash 2024
€18,810
From operations (derived)
+€4,081
Net result for the year
+€8,638
Depreciation
+€9,144
Stocks and contracts
+€3,967
Receivables within one year
+€25,343
Deferred charges and accrued income
-€70
Trade debts
-€34,942
Tax, wage and social debts
-€8,394
Accrued charges and deferred income
+€394
Investment (derived)
-€1,569
Investment in fixed assets (net)
-€1,569
Financing
-€21,269
Debts after one year
-€43,513
Current portion of long-term debt
-€193
Short-term financial debts
+€22,437
Cash 2025
€52
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,667 | €534,094 | -€55,573 | -9.4% |
| Fixed assets | 21/28 | €208,289 | €200,714 | -€7,575 | -3.6% |
| Tangible fixed assets | 22/27 | €208,289 | €200,714 | -€7,575 | -3.6% |
| Land and buildings | 22 | €193,783 | €193,232 | -€551 | -0.3% |
| Plant, machinery and equipment | 23 | €1,124 | €57 | -€1,067 | -94.9% |
| Furniture and vehicles | 24 | €13,383 | €7,426 | -€5,957 | -44.5% |
| Current assets | 29/58 | €381,378 | €333,379 | -€47,998 | -12.6% |
| Stocks and contracts in progress | 3 | €122,510 | €118,543 | -€3,967 | -3.2% |
| Stocks | 30/36 | €122,510 | €118,543 | -€3,967 | -3.2% |
| Amounts receivable within one year | 40/41 | €239,012 | €213,669 | -€25,343 | -10.6% |
| Trade receivables | 40 | €239,012 | €213,669 | -€25,343 | -10.6% |
| Cash at bank and in hand | 54/58 | €18,810 | €52 | -€18,758 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,114 | +€70 | +6.7% |
| Total equity and liabilities | 10/49 | €589,667 | €534,094 | -€55,573 | -9.4% |
| Equity | 10/15 | €253,713 | €262,352 | +€8,638 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €235,121 | €243,760 | +€8,638 | +3.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,750 | €3,750 | = | 0.0% |
| Distributable reserves | 133 | €229,512 | €238,151 | +€8,638 | +3.8% |
| Amounts payable | 17/49 | €335,954 | €271,742 | -€64,212 | -19.1% |
| Amounts payable after more than one year | 17 | €68,374 | €24,861 | -€43,513 | -63.6% |
| Financial debts | 170/4 | €4,823 | €0 | -€4,823 | -100% |
| Other amounts payable | 178/9 | €63,551 | €24,861 | -€38,690 | -60.9% |
| Amounts payable within one year | 42/48 | €267,311 | €246,218 | -€21,093 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €5,017 | €4,823 | -€193 | -3.9% |
| Financial debts | 43 | €0 | €22,437 | +€22,437 | |
| Credit institutions | 430/8 | €0 | €22,437 | +€22,437 | |
| Trade debts | 44 | €224,324 | €189,382 | -€34,942 | -15.6% |
| Suppliers | 440/4 | €224,324 | €189,382 | -€34,942 | -15.6% |
| Taxes, remuneration and social security | 45 | €37,971 | €29,576 | -€8,394 | -22.1% |
| Taxes | 450/3 | €18,332 | €2,538 | -€15,794 | -86.2% |
| Remuneration and social security | 454/9 | €19,639 | €27,038 | +€7,400 | +37.7% |
| Accrued charges and deferred income | 492/3 | €268 | €663 | +€394 | +147% |
| Non-recurring operating income | 76A | €7,683 | - | -€7,683 | |
| Remuneration, social security and pensions | 62 | €198,460 | €197,815 | -€644 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,011 | €9,144 | +€133 | +1.5% |
| Other operating charges | 640/8 | €16,322 | €16,653 | +€331 | +2.0% |
| Non-recurring operating charges | 66A | €129 | €1,117 | +€988 | +765% |
| Gross operating margin | 9900 | €237,949 | €240,452 | +€2,503 | +1.1% |
| Operating profit (loss) | 9901 | €14,027 | €15,722 | +€1,695 | +12.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €6,146 | €6,838 | +€692 | +11.3% |
| Recurring financial charges | 65 | €6,146 | €6,838 | +€692 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €7,885 | €8,884 | +€998 | +12.7% |
| Income taxes | 67/77 | €237 | €245 | +€9 | +3.7% |
| Profit (loss) for the period | 9904 | €7,649 | €8,638 | +€990 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,649 | €8,638 | +€990 | +12.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.