COEN YSEBAERT: 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.
COEN YSEBAERT
Largest movements
- Cash +€123,186
up €123,186 (+25.8%), from €477,926 to €601,112
mainly Net result for the year (+€189,896) and Receivables within one year (+€40,543)
- Receivables within one year -€40,543
down €40,543 (-99.4%), from €40,794 to €251
of which Other amounts receivable: -€40,543
- Reserves +€89,096
up €89,096 (+8.1%), from €1.1m to €1.2m
of which Distributable reserves: +€89,096
- Debts after one year -€29,901
down €29,901 (-16.8%), from €178,287 to €148,386
- Other debts +€22,446
up €22,446 (+2,806%), from €800 to €23,246
- Gross operating margin -€19,976
down €19,976 (-6.6%), from €304,804 to €284,828
- Financial charges -€4,798
down €4,798 (-62.6%), from €7,663 to €2,865
- Taxes -€3,398
down €3,398 (-3.9%), from €87,088 to €83,690
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 | €1,376,881 | €1,451,585 | +€74,704 | +5.4% |
| Fixed assets | 21/28 | €347,326 | €333,986 | -€13,340 | -3.8% |
| Tangible fixed assets | 22/27 | €347,076 | €333,736 | -€13,340 | -3.8% |
| Land and buildings | 22 | €314,446 | €305,746 | -€8,700 | -2.8% |
| Furniture and vehicles | 24 | €5,839 | €3,924 | -€1,915 | -32.8% |
| Other tangible fixed assets | 26 | €26,791 | €24,066 | -€2,725 | -10.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,029,555 | €1,117,599 | +€88,044 | +8.6% |
| Amounts receivable within one year | 40/41 | €40,794 | €251 | -€40,543 | -99.4% |
| Trade receivables | 40 | €180 | €180 | = | 0.0% |
| Other amounts receivable | 41 | €40,614 | €71 | -€40,543 | -99.8% |
| Current investments | 50/53 | €510,835 | €516,236 | +€5,401 | +1.1% |
| Cash at bank and in hand | 54/58 | €477,926 | €601,112 | +€123,186 | +25.8% |
| Total equity and liabilities | 10/49 | €1,376,881 | €1,451,585 | +€74,704 | +5.4% |
| Equity | 10/15 | €1,116,610 | €1,205,706 | +€89,096 | +8.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,101,610 | €1,190,706 | +€89,096 | +8.1% |
| Non-distributable reserves | 130/1 | €1,876 | €1,876 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,876 | €1,876 | = | 0.0% |
| Distributable reserves | 133 | €1,099,734 | €1,188,830 | +€89,096 | +8.1% |
| Amounts payable | 17/49 | €260,271 | €245,879 | -€14,392 | -5.5% |
| Amounts payable after more than one year | 17 | €178,287 | €148,386 | -€29,901 | -16.8% |
| Financial debts | 170/4 | €178,287 | €148,386 | -€29,901 | -16.8% |
| Amounts payable within one year | 42/48 | €81,984 | €97,493 | +€15,509 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €29,633 | €29,903 | +€270 | +0.9% |
| Trade debts | 44 | €9,790 | €14,855 | +€5,065 | +51.7% |
| Suppliers | 440/4 | €9,790 | €14,855 | +€5,065 | +51.7% |
| Taxes, remuneration and social security | 45 | €41,761 | €29,489 | -€12,272 | -29.4% |
| Taxes | 450/3 | €41,761 | €29,489 | -€12,272 | -29.4% |
| Other amounts payable | 47/48 | €800 | €23,246 | +€22,446 | +2,806% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,432 | €13,340 | +€1,908 | +16.7% |
| Other operating charges | 640/8 | €1,549 | €2,525 | +€976 | +63.0% |
| Gross operating margin | 9900 | €304,804 | €284,828 | -€19,976 | -6.6% |
| Operating profit (loss) | 9901 | €291,823 | €268,963 | -€22,860 | -7.8% |
| Financial income | 75/76B | €6,488 | €7,488 | +€1,000 | +15.4% |
| Recurring financial income | 75 | €6,488 | €7,488 | +€1,000 | +15.4% |
| Financial charges | 65/66B | €7,663 | €2,865 | -€4,798 | -62.6% |
| Recurring financial charges | 65 | €7,663 | €2,865 | -€4,798 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €290,648 | €273,586 | -€17,062 | -5.9% |
| Income taxes | 67/77 | €87,088 | €83,690 | -€3,398 | -3.9% |
| Profit (loss) for the period | 9904 | €203,560 | €189,896 | -€13,664 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €203,560 | €189,896 | -€13,664 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.