COENDOU: 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.
COENDOU
Largest movements
- Cash -€35,076
down €35,076 (-36.8%), from €95,200 to €60,124
mainly Contributions, distributions and other (-€180,000) and Tax, wage and social debts (-€12,214)
- Receivables after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Tangible fixed assets -€5,672
down €5,672 (-53.8%), from €10,545 to €4,873
- Receivables within one year -€2,956
down €2,956 (-11.5%), from €25,613 to €22,657
of which Trade receivables: -€2,757
- Reserves -€101,669
down €101,669 (-89.6%), from €113,482 to €11,813
- Other debts +€59,228
up €59,228, from €0 to €59,228
- Tax, wage and social debts -€12,214
down €12,214 (-46.7%), from €26,156 to €13,941
- Gross operating margin +€17,858
up €17,858 (+19.7%), from €90,559 to €108,418
- Depreciation +€3,547
up €3,547 (+86.4%), from €4,106 to €7,653
- Taxes +€3,225
up €3,225 (+17.5%), from €18,450 to €21,674
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 | €141,737 | €87,756 | -€53,982 | -38.1% |
| Fixed assets | 21/28 | €10,545 | €4,873 | -€5,672 | -53.8% |
| Tangible fixed assets | 22/27 | €10,545 | €4,873 | -€5,672 | -53.8% |
| Furniture and vehicles | 24 | €10,545 | €4,873 | -€5,672 | -53.8% |
| Current assets | 29/58 | €131,192 | €82,883 | -€48,310 | -36.8% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €25,613 | €22,657 | -€2,956 | -11.5% |
| Trade receivables | 40 | €25,387 | €22,630 | -€2,757 | -10.9% |
| Other amounts receivable | 41 | €225 | €26 | -€199 | -88.4% |
| Cash at bank and in hand | 54/58 | €95,200 | €60,124 | -€35,076 | -36.8% |
| Deferred charges and accrued income | 490/1 | €380 | €102 | -€278 | -73.2% |
| Total equity and liabilities | 10/49 | €141,737 | €87,756 | -€53,982 | -38.1% |
| Equity | 10/15 | €115,482 | €13,813 | -€101,669 | -88.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €113,482 | €11,813 | -€101,669 | -89.6% |
| Distributable reserves | 133 | €113,482 | €11,813 | -€101,669 | -89.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,255 | €73,943 | +€47,688 | +182% |
| Amounts payable within one year | 42/48 | €26,255 | €73,943 | +€47,688 | +182% |
| Trade debts | 44 | €100 | €774 | +€674 | +677% |
| Suppliers | 440/4 | €100 | €774 | +€674 | +677% |
| Taxes, remuneration and social security | 45 | €26,156 | €13,941 | -€12,214 | -46.7% |
| Taxes | 450/3 | €26,156 | €13,941 | -€12,214 | -46.7% |
| Other amounts payable | 47/48 | €0 | €59,228 | +€59,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,106 | €7,653 | +€3,547 | +86.4% |
| Other operating charges | 640/8 | €646 | €669 | +€23 | +3.6% |
| Gross operating margin | 9900 | €90,559 | €108,418 | +€17,858 | +19.7% |
| Operating profit (loss) | 9901 | €85,808 | €100,096 | +€14,288 | +16.7% |
| Financial income | 75/76B | €280 | €40 | -€240 | -85.7% |
| Recurring financial income | 75 | €280 | €40 | -€240 | -85.7% |
| Financial charges | 65/66B | €222 | €131 | -€90 | -40.8% |
| Recurring financial charges | 65 | €222 | €131 | -€90 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €85,866 | €100,005 | +€14,139 | +16.5% |
| Income taxes | 67/77 | €18,450 | €21,674 | +€3,225 | +17.5% |
| Profit (loss) for the period | 9904 | €67,417 | €78,331 | +€10,914 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,417 | €78,331 | +€10,914 | +16.2% |
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 13 October 2026 via checked.be.