Coene Consult: 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.
Coene Consult
Largest movements
- Tangible fixed assets -€125,010
down €125,010 (-5.6%), from €2.2m to €2.1m
of which Land and buildings: -€100,920
- Debts after one year -€108,221
down €108,221 (-9.3%), from €1.2m to €1.1m
- Reserves -€70,817
down €70,817 (-15.9%), from €445,511 to €374,693
of which Distributable reserves: -€67,872
- Accrued charges and deferred income +€60,312
new in 2025: €60,312
- Financial charges +€56,868
up €56,868 (+805.7%), from €7,058 to €63,926
- Financial income -€6,683
down €6,683 (-81.8%), from €8,173 to €1,490
- Gross operating margin -€4,315
down €4,315 (-3.3%), from €130,090 to €125,775
- Depreciation +€4,289
up €4,289 (+3.5%), from €121,470 to €125,760
- Other operating charges +€1,953
up €1,953 (+35.4%), from €5,519 to €7,473
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 | €2,240,922 | €2,131,362 | -€109,559 | -4.9% |
| Fixed assets | 21/28 | €2,233,873 | €2,108,864 | -€125,010 | -5.6% |
| Tangible fixed assets | 22/27 | €2,231,997 | €2,106,987 | -€125,010 | -5.6% |
| Land and buildings | 22 | €2,205,940 | €2,105,019 | -€100,920 | -4.6% |
| Furniture and vehicles | 24 | €26,057 | €1,968 | -€24,089 | -92.4% |
| Financial fixed assets | 28 | €1,876 | €1,876 | = | 0.0% |
| Current assets | 29/58 | €7,049 | €22,499 | +€15,450 | +219.2% |
| Amounts receivable within one year | 40/41 | €2,404 | €312 | -€2,092 | -87.0% |
| Trade receivables | 40 | €2,404 | - | -€2,404 | |
| Other amounts receivable | 41 | - | €312 | +€312 | |
| Cash at bank and in hand | 54/58 | €3,701 | €18,968 | +€15,267 | +412.5% |
| Deferred charges and accrued income | 490/1 | €944 | €3,219 | +€2,275 | +241.1% |
| Total equity and liabilities | 10/49 | €2,240,922 | €2,131,362 | -€109,559 | -4.9% |
| Equity | 10/15 | €995,511 | €924,693 | -€70,817 | -7.1% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €445,511 | €374,693 | -€70,817 | -15.9% |
| Tax-exempt reserves | 132 | €40,481 | €37,535 | -€2,946 | -7.3% |
| Distributable reserves | 133 | €405,030 | €337,159 | -€67,872 | -16.8% |
| Provisions and deferred taxes | 16 | €13,494 | €12,512 | -€982 | -7.3% |
| Deferred taxes | 168 | €13,494 | €12,512 | -€982 | -7.3% |
| Amounts payable | 17/49 | €1,231,917 | €1,194,157 | -€37,760 | -3.1% |
| Amounts payable after more than one year | 17 | €1,167,700 | €1,059,479 | -€108,221 | -9.3% |
| Financial debts | 170/4 | €1,167,700 | €1,059,479 | -€108,221 | -9.3% |
| Amounts payable within one year | 42/48 | €64,217 | €74,366 | +€10,149 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €43,969 | €60,006 | +€16,037 | +36.5% |
| Trade debts | 44 | €7,323 | €2,499 | -€4,824 | -65.9% |
| Suppliers | 440/4 | €7,323 | €2,499 | -€4,824 | -65.9% |
| Advances received on contracts in progress | 46 | - | €163 | +€163 | |
| Taxes, remuneration and social security | 45 | €2,137 | €2,915 | +€779 | +36.5% |
| Taxes | 450/3 | €2,137 | €2,915 | +€779 | +36.5% |
| Other amounts payable | 47/48 | €10,788 | €8,782 | -€2,006 | -18.6% |
| Accrued charges and deferred income | 492/3 | - | €60,312 | +€60,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,470 | €125,760 | +€4,289 | +3.5% |
| Other operating charges | 640/8 | €5,519 | €7,473 | +€1,953 | +35.4% |
| Gross operating margin | 9900 | €130,090 | €125,775 | -€4,315 | -3.3% |
| Operating profit (loss) | 9901 | €3,100 | -€7,457 | -€10,557 | |
| Financial income | 75/76B | €8,173 | €1,490 | -€6,683 | -81.8% |
| Recurring financial income | 75 | €8,173 | €1,490 | -€6,683 | -81.8% |
| Financial charges | 65/66B | €7,058 | €63,926 | +€56,868 | +805.7% |
| Recurring financial charges | 65 | €7,058 | €63,926 | +€56,868 | +805.7% |
| Profit (loss) for the period before taxes | 9903 | €4,215 | -€69,893 | -€74,108 | |
| Transfer from deferred taxes | 780 | €982 | €982 | = | 0.0% |
| Income taxes | 67/77 | €889 | €240 | -€649 | -73.0% |
| Profit (loss) for the period | 9904 | €4,307 | -€69,151 | -€73,458 | |
| Transfer from tax-exempt reserves | 789 | €2,946 | €2,946 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,253 | -€66,206 | -€73,458 |
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 12 October 2026 via checked.be.