Coene Welding Services: 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 Welding Services
Largest movements
- Cash -€17,670
down €17,670 (-26.4%), from €66,982 to €49,312
mainly Other debts (-€33,029) and Debts after one year (-€12,883)
- Tangible fixed assets -€16,349
down €16,349 (-6.0%), from €272,209 to €255,860
- Receivables within one year -€10,911
down €10,911 (-38.3%), from €28,495 to €17,583
of which Trade receivables: -€6,425
- Other debts -€33,029
down €33,029 (-97.1%), from €34,000 to €971
- Debts after one year -€12,883
down €12,883 (-5.9%), from €217,917 to €205,035
- Profit (loss) carried forward +€5,685
up €5,685 (+3,826%), from €149 to €5,833
- Current portion of long-term debt -€4,390
down €4,390 (-25.4%), from €17,272 to €12,883
- Gross operating margin -€22,863
down €22,863 (-33.8%), from €67,729 to €44,865
- Taxes -€5,580
down €5,580 (-82.7%), from €6,745 to €1,165
- Depreciation +€4,636
up €4,636 (+20.8%), from €22,258 to €26,894
- Other operating charges +€730
up €730 (+156%), from €467 to €1,197
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 | €367,859 | €325,940 | -€41,919 | -11.4% |
| Fixed assets | 21/28 | €272,209 | €255,860 | -€16,349 | -6.0% |
| Tangible fixed assets | 22/27 | €272,209 | €255,860 | -€16,349 | -6.0% |
| Land and buildings | 22 | €258,012 | €251,602 | -€6,410 | -2.5% |
| Plant, machinery and equipment | 23 | €1,952 | €252 | -€1,700 | -87.1% |
| Furniture and vehicles | 24 | €4,756 | €3,617 | -€1,138 | -23.9% |
| Leasing and similar rights | 25 | €7,489 | €389 | -€7,100 | -94.8% |
| Current assets | 29/58 | €95,650 | €70,080 | -€25,570 | -26.7% |
| Amounts receivable within one year | 40/41 | €28,495 | €17,583 | -€10,911 | -38.3% |
| Trade receivables | 40 | €13,255 | €6,830 | -€6,425 | -48.5% |
| Other amounts receivable | 41 | €15,240 | €10,753 | -€4,487 | -29.4% |
| Cash at bank and in hand | 54/58 | €66,982 | €49,312 | -€17,670 | -26.4% |
| Deferred charges and accrued income | 490/1 | €173 | €3,185 | +€3,012 | +1,738% |
| Total equity and liabilities | 10/49 | €367,859 | €325,940 | -€41,919 | -11.4% |
| Equity | 10/15 | €97,819 | €103,504 | +€5,685 | +5.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €96,670 | €96,670 | = | 0.0% |
| Distributable reserves | 133 | €96,670 | €96,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149 | €5,833 | +€5,685 | +3,826% |
| Amounts payable | 17/49 | €270,039 | €222,436 | -€47,603 | -17.6% |
| Amounts payable after more than one year | 17 | €217,917 | €205,035 | -€12,883 | -5.9% |
| Financial debts | 170/4 | €217,917 | €205,035 | -€12,883 | -5.9% |
| Amounts payable within one year | 42/48 | €52,122 | €17,401 | -€34,721 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €17,272 | €12,883 | -€4,390 | -25.4% |
| Trade debts | 44 | - | €3,548 | +€3,548 | |
| Suppliers | 440/4 | - | €3,548 | +€3,548 | |
| Taxes, remuneration and social security | 45 | €850 | €0 | -€850 | -100% |
| Taxes | 450/3 | €850 | €0 | -€850 | -100% |
| Other amounts payable | 47/48 | €34,000 | €971 | -€33,029 | -97.1% |
| Non-recurring operating income | 76A | €2,475 | - | -€2,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,258 | €26,894 | +€4,636 | +20.8% |
| Other operating charges | 640/8 | €467 | €1,197 | +€730 | +156% |
| Gross operating margin | 9900 | €67,729 | €44,865 | -€22,863 | -33.8% |
| Operating profit (loss) | 9901 | €45,003 | €16,774 | -€28,230 | -62.7% |
| Financial income | 75/76B | €53 | €2 | -€50 | -96.1% |
| Recurring financial income | 75 | €53 | €2 | -€50 | -96.1% |
| Financial charges | 65/66B | €10,163 | €9,926 | -€237 | -2.3% |
| Recurring financial charges | 65 | €10,163 | €9,926 | -€237 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €34,893 | €6,850 | -€28,044 | -80.4% |
| Income taxes | 67/77 | €6,745 | €1,165 | -€5,580 | -82.7% |
| Profit (loss) for the period | 9904 | €28,149 | €5,685 | -€22,464 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,149 | €5,685 | -€22,464 | -79.8% |
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 21 October 2026 via checked.be.