COEMAN TRADING: 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.
What changed
COEMAN TRADING
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€5.1m
2025 · €3.0m+€2.1m
Equity
€6.3m
2025 · €5.7m+€615,448
Cash
€210,943
2025 · €670,378-€459,435
Balance sheet total
€10.8m
2025 · €10.0m+€759,327
Largest movements
Assets
- Current investments +€950,000
up €950,000 (+63.3%), from €1.5m to €2.5m
- Cash -€459,435
down €459,435 (-68.5%), from €670,378 to €210,943
mainly Contributions, distributions and other (-€4.5m) and Current investments (-€950,000)
- Receivables within one year +€331,010
up €331,010 (+36.9%), from €896,049 to €1.2m
of which Trade receivables: +€320,470
Equity and liabilities
- Profit (loss) carried forward +€821,475
up €821,475 (+356%), from €230,521 to €1.1m
- Reserves -€206,027
down €206,027 (-30.3%), from €681,074 to €475,048
of which Tax-exempt reserves: -€219,850
- Trade debts +€140,528
up €140,528 (+58.0%), from €242,206 to €382,735
Income statement
- Financial income +€2.2m
up €2.2m (+96.7%), from €2.3m to €4.5m
- Turnover -€552,072
down €552,072 (-3.5%), from €16.0m to €15.4m
- Goods and materials -€392,650
down €392,650 (-2.7%), from €14.3m to €13.9m
of which Purchases: -€678,896
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
€3.0m
Turnover
-€552,072
Other operating income
+€478
Goods and materials
+€392,650
Services and other goods
-€5,599
Staff costs
-€8,673
Other operating charges
-€33
Financial income
+€2.2m
Financial charges
+€738
Taxes
+€47,969
Result 2026
€5.1m
raises the resultlowers the result
Derived cash bridge
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
+€5.0m
Investment
-€950,000
Financing
-€4.5m
Cash 2025
€670,378
From operations (derived)
+€5.0m
Net result for the year
+€5.1m
Stocks and contracts
+€62,248
Receivables within one year
-€331,010
Trade debts
+€140,528
Smaller working-capital items
+€3,350
Investment (derived)
-€950,000
Current investments
-€950,000
Financing
-€4.5m
Contributions, distributions and other
-€4.5m
Cash 2026
€210,943
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,024,312 | €10,783,639 | +€759,327 | +7.6% |
| Fixed assets | 21/28 | €6,056,065 | €6,056,065 | = | 0.0% |
| Financial fixed assets | 28 | €6,056,065 | €6,056,065 | = | 0.0% |
| Affiliated companies | 280/1 | €6,056,065 | €6,056,065 | = | 0.0% |
| Participating interests | 280 | €6,056,065 | €6,056,065 | = | 0.0% |
| Current assets | 29/58 | €3,968,247 | €4,727,574 | +€759,327 | +19.1% |
| Stocks and contracts in progress | 3 | €901,820 | €839,572 | -€62,248 | -6.9% |
| Stocks | 30/36 | €901,820 | €839,572 | -€62,248 | -6.9% |
| Goods purchased for resale | 34 | €901,820 | €839,572 | -€62,248 | -6.9% |
| Amounts receivable within one year | 40/41 | €896,049 | €1,227,059 | +€331,010 | +36.9% |
| Trade receivables | 40 | €876,059 | €1,196,529 | +€320,470 | +36.6% |
| Other amounts receivable | 41 | €19,990 | €30,530 | +€10,540 | +52.7% |
| Current investments | 50/53 | €1,500,000 | €2,450,000 | +€950,000 | +63.3% |
| Other investments | 51/53 | €1,500,000 | €2,450,000 | +€950,000 | +63.3% |
| Cash at bank and in hand | 54/58 | €670,378 | €210,943 | -€459,435 | -68.5% |
| Total equity and liabilities | 10/49 | €10,024,312 | €10,783,639 | +€759,327 | +7.6% |
| Equity | 10/15 | €5,661,595 | €6,277,044 | +€615,448 | +10.9% |
| Contributions | 10/11 | €4,750,000 | €4,750,000 | = | 0.0% |
| Capital | 10 | €4,750,000 | €4,750,000 | = | 0.0% |
| Issued capital | 100 | €4,750,000 | €4,750,000 | = | 0.0% |
| Reserves | 13 | €681,074 | €475,048 | -€206,027 | -30.3% |
| Non-distributable reserves | 130/1 | €461,177 | €475,000 | +€13,823 | +3.0% |
| Legal reserve | 130 | €461,177 | €475,000 | +€13,823 | +3.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €219,850 | - | -€219,850 | |
| Distributable reserves | 133 | €48 | €48 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,521 | €1,051,996 | +€821,475 | +356% |
| Amounts payable | 17/49 | €4,362,716 | €4,506,595 | +€143,879 | +3.3% |
| Amounts payable after more than one year | 17 | €4,000,000 | €4,000,000 | = | 0.0% |
| Financial debts | 170/4 | €4,000,000 | €4,000,000 | = | 0.0% |
| Other loans | 174 | €4,000,000 | €4,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €295,383 | €435,162 | +€139,779 | +47.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €242,206 | €382,735 | +€140,528 | +58.0% |
| Suppliers | 440/4 | €242,206 | €382,735 | +€140,528 | +58.0% |
| Taxes, remuneration and social security | 45 | €53,177 | €52,427 | -€750 | -1.4% |
| Taxes | 450/3 | €2,626 | €2,740 | +€114 | +4.3% |
| Remuneration and social security | 454/9 | €50,551 | €49,687 | -€864 | -1.7% |
| Accrued charges and deferred income | 492/3 | €67,333 | €71,433 | +€4,100 | +6.1% |
| Operating income | 70/76A | €15,972,953 | €15,421,360 | -€551,594 | -3.5% |
| Turnover | 70 | €15,968,436 | €15,416,364 | -€552,072 | -3.5% |
| Other operating income | 74 | €4,517 | €4,996 | +€478 | +10.6% |
| Operating charges | 60/66A | €14,820,920 | €14,442,574 | -€378,346 | -2.6% |
| Goods for resale, raw materials and consumables | 60 | €14,283,806 | €13,891,156 | -€392,650 | -2.7% |
| Purchases | 600/8 | €14,507,803 | €13,828,907 | -€678,896 | -4.7% |
| Change in stocks: decrease (increase) | 609 | -€223,997 | €62,248 | +€286,246 | |
| Services and other goods | 61 | €266,416 | €272,015 | +€5,599 | +2.1% |
| Remuneration, social security and pensions | 62 | €269,604 | €278,277 | +€8,673 | +3.2% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €1,152,034 | €978,786 | -€173,248 | -15.0% |
| Financial income | 75/76B | €2,306,226 | €4,536,343 | +€2.2m | +96.7% |
| Recurring financial income | 75 | €2,306,226 | €4,536,343 | +€2.2m | +96.7% |
| Income from financial fixed assets | 750 | €2,250,000 | €4,500,000 | +€2.3m | +100% |
| Income from current assets | 751 | €56,226 | €36,343 | -€19,883 | -35.4% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €193,158 | €192,420 | -€738 | -0.4% |
| Recurring financial charges | 65 | €193,158 | €192,420 | -€738 | -0.4% |
| Debt charges | 650 | €192,329 | €191,426 | -€903 | -0.5% |
| Other financial charges | 652/9 | €829 | €994 | +€165 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €3,265,102 | €5,322,709 | +€2.1m | +63.0% |
| Income taxes | 67/77 | €255,230 | €207,261 | -€47,969 | -18.8% |
| Taxes | 670/3 | €255,230 | €207,261 | -€47,969 | -18.8% |
| Profit (loss) for the period | 9904 | €3,009,873 | €5,115,448 | +€2.1m | +70.0% |
| Transfer from tax-exempt reserves | 789 | €178,000 | €219,850 | +€41,850 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,187,873 | €5,335,298 | +€2.1m | +67.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.