COENE ERIK: 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 ERIK
Largest movements
- Tangible fixed assets -€167,289
down €167,289 (-77.9%), from €214,625 to €47,336
of which Land and buildings: -€150,855
- Cash +€66,255
up €66,255 (+2,311%), from €2,867 to €69,122
mainly Investment in fixed assets (net) (+€157,923) and Other debts (+€9,626)
- Receivables within one year -€3,164
down €3,164 (-19.8%), from €16,009 to €12,845
of which Other amounts receivable: -€1,680
- Debts after one year -€57,997
no longer reported in 2025 (was €57,997)
- Current portion of long-term debt -€25,356
no longer reported in 2025 (was €25,356)
- Reserves -€23,409
down €23,409 (-23.0%), from €101,765 to €78,356
of which Distributable reserves: -€23,409
- Other debts +€9,626
up €9,626 (+100%), from €9,587 to €19,214
- Profit (loss) carried forward -€7,721
down €7,721 (-23.9%), from €32,268 to €24,546
- Gross operating margin -€15,683
down €15,683 (-77.3%), from €20,287 to €4,604
- Depreciation -€10,310
down €10,310 (-52.4%), from €19,677 to €9,366
- Other operating charges +€813
up €813 (+116%), from €698 to €1,511
- Taxes -€254
no longer reported in 2025 (was €254)
- Financial charges -€207
down €207 (-11.1%), from €1,861 to €1,654
of which Financial charges: -€897
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 | €233,874 | €129,680 | -€104,194 | -44.6% |
| Fixed assets | 21/28 | €214,625 | €47,336 | -€167,289 | -77.9% |
| Tangible fixed assets | 22/27 | €214,625 | €47,336 | -€167,289 | -77.9% |
| Land and buildings | 22 | €150,855 | - | -€150,855 | |
| Plant, machinery and equipment | 23 | €9,780 | €1,487 | -€8,293 | -84.8% |
| Furniture and vehicles | 24 | €53,991 | €45,850 | -€8,141 | -15.1% |
| Current assets | 29/58 | €19,248 | €82,343 | +€63,095 | +328% |
| Amounts receivable within one year | 40/41 | €16,009 | €12,845 | -€3,164 | -19.8% |
| Trade receivables | 40 | €1,484 | - | -€1,484 | |
| Other amounts receivable | 41 | €14,525 | €12,845 | -€1,680 | -11.6% |
| Cash at bank and in hand | 54/58 | €2,867 | €69,122 | +€66,255 | +2,311% |
| Deferred charges and accrued income | 490/1 | €373 | €377 | +€4 | +1.0% |
| Total equity and liabilities | 10/49 | €233,874 | €129,680 | -€104,194 | -44.6% |
| Equity | 10/15 | €140,233 | €109,103 | -€31,131 | -22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,765 | €78,356 | -€23,409 | -23.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,905 | €76,496 | -€23,409 | -23.4% |
| Profit (loss) carried forward | 14 | €32,268 | €24,546 | -€7,721 | -23.9% |
| Amounts payable | 17/49 | €93,641 | €20,577 | -€73,063 | -78.0% |
| Amounts payable after more than one year | 17 | €57,997 | - | -€57,997 | |
| Financial debts | 170/4 | €57,997 | - | -€57,997 | |
| Amounts payable within one year | 42/48 | €35,644 | €20,577 | -€15,067 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €25,356 | - | -€25,356 | |
| Trade debts | 44 | €472 | €1,135 | +€663 | +140% |
| Suppliers | 440/4 | €472 | €1,135 | +€663 | +140% |
| Taxes, remuneration and social security | 45 | €229 | €229 | = | 0.0% |
| Taxes | 450/3 | €229 | €229 | = | 0.0% |
| Other amounts payable | 47/48 | €9,587 | €19,214 | +€9,626 | +100% |
| Non-recurring operating income | 76A | €2,552 | - | -€2,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,677 | €9,366 | -€10,310 | -52.4% |
| Other operating charges | 640/8 | €698 | €1,511 | +€813 | +116% |
| Gross operating margin | 9900 | €20,287 | €4,604 | -€15,683 | -77.3% |
| Operating profit (loss) | 9901 | -€88 | -€6,274 | -€6,186 | -7,041% |
| Financial income | 75/76B | €83 | €206 | +€123 | +147% |
| Recurring financial income | 75 | €83 | €206 | +€123 | +147% |
| Financial charges | 65/66B | €1,861 | €1,654 | -€207 | -11.1% |
| Recurring financial charges | 65 | €1,861 | €964 | -€897 | -48.2% |
| Non-recurring financial charges | 66B | - | €690 | +€690 | |
| Profit (loss) for the period before taxes | 9903 | -€1,865 | -€7,721 | -€5,856 | -314% |
| Income taxes | 67/77 | €254 | - | -€254 | |
| Profit (loss) for the period | 9904 | -€2,119 | -€7,721 | -€5,603 | -264% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,119 | -€7,721 | -€5,603 | -264% |
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 28 October 2026 via checked.be.