Coemelck: 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.
Coemelck
Largest movements
- Current investments +€57,642
up €57,642 (+45.4%), from €127,004 to €184,646
- Tangible fixed assets -€19,698
down €19,698 (-4.6%), from €429,617 to €409,919
of which Land and buildings: -€19,705
- Cash +€19,081
up €19,081 (+161%), from €11,848 to €30,930
mainly Net result for the year (+€32,620) and Depreciation (+€21,197)
- Reserves +€32,620
up €32,620 (+3.2%), from €1.0m to €1.0m
of which Distributable reserves: +€40,049
- Tax, wage and social debts +€19,729
up €19,729 (+13,235%), from €149 to €19,878
- Gross operating margin +€59,406
up €59,406 (+467%), from €12,713 to €72,119
- Financial income -€23,247
down €23,247 (-90.7%), from €25,640 to €2,394
- Taxes +€14,395
up €14,395 (+242%), from €5,954 to €20,350
- Other operating charges -€5,096
down €5,096 (-72.9%), from €6,989 to €1,893
- Financial charges -€1,233
down €1,233 (-57.0%), from €2,163 to €930
of which Non-recurring financial charges: -€1,623
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 | €1,319,616 | €1,375,495 | +€55,879 | +4.2% |
| Fixed assets | 21/28 | €429,617 | €409,919 | -€19,698 | -4.6% |
| Tangible fixed assets | 22/27 | €429,617 | €409,919 | -€19,698 | -4.6% |
| Land and buildings | 22 | €424,986 | €405,282 | -€19,705 | -4.6% |
| Furniture and vehicles | 24 | €4,630 | €4,638 | +€7 | +0.2% |
| Current assets | 29/58 | €889,999 | €965,576 | +€75,577 | +8.5% |
| Amounts receivable within one year | 40/41 | €751,146 | €750,000 | -€1,146 | -0.2% |
| Other amounts receivable | 41 | €751,146 | €750,000 | -€1,146 | -0.2% |
| Current investments | 50/53 | €127,004 | €184,646 | +€57,642 | +45.4% |
| Cash at bank and in hand | 54/58 | €11,848 | €30,930 | +€19,081 | +161% |
| Total equity and liabilities | 10/49 | €1,319,616 | €1,375,495 | +€55,879 | +4.2% |
| Equity | 10/15 | €1,232,298 | €1,264,918 | +€32,620 | +2.6% |
| Contributions | 10/11 | €180,758 | €180,758 | = | 0.0% |
| Reserves | 13 | €1,016,896 | €1,049,516 | +€32,620 | +3.2% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,340 | €217,911 | -€7,429 | -3.3% |
| Distributable reserves | 133 | €741,557 | €781,605 | +€40,049 | +5.4% |
| Profit (loss) carried forward | 14 | €34,644 | €34,644 | = | 0.0% |
| Provisions and deferred taxes | 16 | €75,113 | €72,637 | -€2,476 | -3.3% |
| Deferred taxes | 168 | €75,113 | €72,637 | -€2,476 | -3.3% |
| Amounts payable | 17/49 | €12,204 | €37,940 | +€25,736 | +211% |
| Amounts payable within one year | 42/48 | €11,856 | €36,416 | +€24,560 | +207% |
| Trade debts | 44 | €968 | - | -€968 | |
| Suppliers | 440/4 | €968 | - | -€968 | |
| Taxes, remuneration and social security | 45 | €149 | €19,878 | +€19,729 | +13,235% |
| Taxes | 450/3 | €149 | €19,878 | +€19,729 | +13,235% |
| Other amounts payable | 47/48 | €10,740 | €16,537 | +€5,798 | +54.0% |
| Accrued charges and deferred income | 492/3 | €348 | €1,524 | +€1,176 | +338% |
| Non-recurring operating income | 76A | - | €58,646 | +€58,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,424 | €21,197 | -€228 | -1.1% |
| Other operating charges | 640/8 | €6,989 | €1,893 | -€5,096 | -72.9% |
| Gross operating margin | 9900 | €12,713 | €72,119 | +€59,406 | +467% |
| Operating profit (loss) | 9901 | -€15,700 | €49,029 | +€64,729 | |
| Financial income | 75/76B | €25,640 | €2,394 | -€23,247 | -90.7% |
| Recurring financial income | 75 | €25,640 | €2,394 | -€23,247 | -90.7% |
| Financial charges | 65/66B | €2,163 | €930 | -€1,233 | -57.0% |
| Recurring financial charges | 65 | €540 | €930 | +€389 | +72.1% |
| Non-recurring financial charges | 66B | €1,623 | - | -€1,623 | |
| Profit (loss) for the period before taxes | 9903 | €7,777 | €50,493 | +€42,716 | +549% |
| Transfer from deferred taxes | 780 | €2,476 | €2,476 | = | 0.0% |
| Income taxes | 67/77 | €5,954 | €20,350 | +€14,395 | +242% |
| Profit (loss) for the period | 9904 | €4,299 | €32,620 | +€28,321 | +659% |
| Transfer from tax-exempt reserves | 789 | €7,429 | €7,429 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,728 | €40,049 | +€28,321 | +241% |
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 19 October 2026 via checked.be.