Coenen: 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.
Coenen
Largest movements
- Cash +€8,268
up €8,268 (+724%), from €1,142 to €9,410
mainly Receivables within one year (+€7,365) and Depreciation (+€4,415)
- Receivables within one year -€7,365
down €7,365 (-38.2%), from €19,259 to €11,894
of which Trade receivables: -€8,264
- Tangible fixed assets -€2,915
down €2,915 (-20.8%), from €14,040 to €11,125
of which Furniture and vehicles: -€1,788
- Trade debts -€4,602
down €4,602 (-70.2%), from €6,552 to €1,950
- Profit (loss) carried forward +€1,489
up €1,489 (+6.5%), from €22,888 to €24,377
- Accrued charges and deferred income +€1,220
new in 2025: €1,220
- Gross operating margin -€11,549
down €11,549 (-59.8%), from €19,317 to €7,768
- Other operating charges -€999
down €999 (-50.5%), from €1,978 to €979
- Depreciation +€963
up €963 (+27.9%), from €3,451 to €4,415
- Taxes +€590
new in 2025: €590
- Financial charges +€246
up €246 (+110%), from €224 to €470
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 | €34,441 | €32,548 | -€1,893 | -5.5% |
| Fixed assets | 21/28 | €14,040 | €11,125 | -€2,915 | -20.8% |
| Tangible fixed assets | 22/27 | €14,040 | €11,125 | -€2,915 | -20.8% |
| Plant, machinery and equipment | 23 | €5,051 | €3,924 | -€1,127 | -22.3% |
| Furniture and vehicles | 24 | €8,989 | €7,201 | -€1,788 | -19.9% |
| Current assets | 29/58 | €20,400 | €21,422 | +€1,022 | +5.0% |
| Amounts receivable within one year | 40/41 | €19,259 | €11,894 | -€7,365 | -38.2% |
| Trade receivables | 40 | €15,277 | €7,013 | -€8,264 | -54.1% |
| Other amounts receivable | 41 | €3,982 | €4,882 | +€900 | +22.6% |
| Cash at bank and in hand | 54/58 | €1,142 | €9,410 | +€8,268 | +724% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €34,441 | €32,548 | -€1,893 | -5.5% |
| Equity | 10/15 | €27,888 | €29,377 | +€1,489 | +5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,888 | €24,377 | +€1,489 | +6.5% |
| Amounts payable | 17/49 | €6,552 | €3,170 | -€3,382 | -51.6% |
| Amounts payable within one year | 42/48 | €6,552 | €1,950 | -€4,602 | -70.2% |
| Trade debts | 44 | €6,552 | €1,950 | -€4,602 | -70.2% |
| Suppliers | 440/4 | €6,552 | €1,950 | -€4,602 | -70.2% |
| Accrued charges and deferred income | 492/3 | - | €1,220 | +€1,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,451 | €4,415 | +€963 | +27.9% |
| Other operating charges | 640/8 | €1,978 | €979 | -€999 | -50.5% |
| Gross operating margin | 9900 | €19,317 | €7,768 | -€11,549 | -59.8% |
| Operating profit (loss) | 9901 | €13,887 | €2,374 | -€11,513 | -82.9% |
| Financial income | 75/76B | €100 | €175 | +€75 | +75.7% |
| Recurring financial income | 75 | €100 | €175 | +€75 | +75.7% |
| Financial charges | 65/66B | €224 | €470 | +€246 | +110% |
| Recurring financial charges | 65 | €224 | €470 | +€246 | +110% |
| Profit (loss) for the period before taxes | 9903 | €13,763 | €2,079 | -€11,684 | -84.9% |
| Income taxes | 67/77 | - | €590 | +€590 | |
| Profit (loss) for the period | 9904 | €13,763 | €1,489 | -€12,274 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,763 | €1,489 | -€12,274 | -89.2% |
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.