Coemans.com: 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.
Coemans.com
Largest movements
- Current investments -€60,000
down €60,000 (-99.6%), from €60,250 to €250
- Tangible fixed assets -€33,966
down €33,966 (-7.6%), from €449,603 to €415,637
of which Land and buildings: -€17,606
- Cash +€33,350
up €33,350 (+41.2%), from €80,960 to €114,310
mainly Other debts (+€65,779) and Current investments (+€60,000)
- Receivables within one year +€30,325
up €30,325 (+13.2%), from €229,226 to €259,551
of which Trade receivables: +€20,864
- Profit (loss) carried forward -€244,517
no longer reported in 2025 (was €244,517)
- Reserves +€176,421
up €176,421 (+1405.8%), from €12,550 to €188,971
- Other debts +€65,779
up €65,779 (+127.4%), from €51,635 to €117,413
- Tax, wage and social debts -€35,836
down €35,836 (-28.3%), from €126,835 to €90,999
of which Taxes: -€22,209
- Debts after one year -€32,522
down €32,522 (-10.4%), from €311,416 to €278,894
- Gross operating margin -€103,119
down €103,119 (-23.2%), from €444,710 to €341,591
- Staff costs -€27,932
down €27,932 (-9.0%), from €309,412 to €281,480
- Taxes -€13,908
down €13,908 (-78.3%), from €17,772 to €3,864
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.
Cash bridge derived
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 | €831,205 | €799,764 | -€31,441 | -3.8% |
| Fixed assets | 21/28 | €449,604 | €415,638 | -€33,966 | -7.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €449,603 | €415,637 | -€33,966 | -7.6% |
| Land and buildings | 22 | €370,280 | €352,673 | -€17,606 | -4.8% |
| Plant, machinery and equipment | 23 | €57,213 | €47,066 | -€10,147 | -17.7% |
| Furniture and vehicles | 24 | €22,110 | €15,898 | -€6,212 | -28.1% |
| Current assets | 29/58 | €381,601 | €384,126 | +€2,525 | +0.7% |
| Amounts receivable within one year | 40/41 | €229,226 | €259,551 | +€30,325 | +13.2% |
| Trade receivables | 40 | €219,689 | €240,553 | +€20,864 | +9.5% |
| Other amounts receivable | 41 | €9,537 | €18,998 | +€9,460 | +99.2% |
| Current investments | 50/53 | €60,250 | €250 | -€60,000 | -99.6% |
| Cash at bank and in hand | 54/58 | €80,960 | €114,310 | +€33,350 | +41.2% |
| Deferred charges and accrued income | 490/1 | €11,165 | €10,015 | -€1,149 | -10.3% |
| Total equity and liabilities | 10/49 | €831,205 | €799,764 | -€31,441 | -3.8% |
| Equity | 10/15 | €275,667 | €207,571 | -€68,096 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,550 | €188,971 | +€176,421 | +1405.8% |
| Distributable reserves | 133 | €12,550 | €188,971 | +€176,421 | +1405.8% |
| Profit (loss) carried forward | 14 | €244,517 | - | -€244,517 | |
| Amounts payable | 17/49 | €555,538 | €592,193 | +€36,655 | +6.6% |
| Amounts payable after more than one year | 17 | €311,416 | €278,894 | -€32,522 | -10.4% |
| Financial debts | 170/4 | €311,416 | €278,894 | -€32,522 | -10.4% |
| Amounts payable within one year | 42/48 | €243,804 | €313,299 | +€69,495 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €32,105 | €39,252 | +€7,147 | +22.3% |
| Trade debts | 44 | €33,229 | €65,634 | +€32,405 | +97.5% |
| Suppliers | 440/4 | €33,229 | €65,634 | +€32,405 | +97.5% |
| Taxes, remuneration and social security | 45 | €126,835 | €90,999 | -€35,836 | -28.3% |
| Taxes | 450/3 | €75,238 | €53,029 | -€22,209 | -29.5% |
| Remuneration and social security | 454/9 | €51,597 | €37,970 | -€13,627 | -26.4% |
| Other amounts payable | 47/48 | €51,635 | €117,413 | +€65,779 | +127.4% |
| Accrued charges and deferred income | 492/3 | €318 | - | -€318 | |
| Non-recurring operating income | 76A | - | €3,615 | +€3,615 | |
| Remuneration, social security and pensions | 62 | €309,412 | €281,480 | -€27,932 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,987 | €40,840 | -€2,147 | -5.0% |
| Other operating charges | 640/8 | €7,471 | €5,000 | -€2,470 | -33.1% |
| Gross operating margin | 9900 | €444,710 | €341,591 | -€103,119 | -23.2% |
| Operating profit (loss) | 9901 | €84,841 | €14,271 | -€70,569 | -83.2% |
| Financial income | 75/76B | €239 | €1,348 | +€1,109 | +463.5% |
| Recurring financial income | 75 | €239 | €1,348 | +€1,109 | +463.5% |
| Financial charges | 65/66B | €5,618 | €4,852 | -€767 | -13.6% |
| Recurring financial charges | 65 | €5,618 | €4,852 | -€767 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €79,462 | €10,768 | -€68,694 | -86.4% |
| Income taxes | 67/77 | €17,772 | €3,864 | -€13,908 | -78.3% |
| Profit (loss) for the period | 9904 | €61,690 | €6,904 | -€54,786 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,690 | €6,904 | -€54,786 | -88.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.