COENEN CUSTOMS: 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 CUSTOMS
Largest movements
- Cash -€16,023
down €16,023 (-59.2%), from €27,043 to €11,020
mainly Net result for the year (-€16,086) and Debts after one year (-€6,691)
- Tangible fixed assets -€8,678
down €8,678 (-15.4%), from €56,406 to €47,728
of which Furniture and vehicles: -€13,084
- Receivables within one year +€5,677
up €5,677 (+50.0%), from €11,343 to €17,020
of which Trade receivables: +€4,240
- Profit (loss) carried forward -€16,086
down €16,086 (-318%), from -€5,057 to -€21,143
- Debts after one year -€6,691
down €6,691 (-27.1%), from €24,656 to €17,965
- Trade debts +€2,204
up €2,204 (+69.5%), from €3,169 to €5,373
- Gross operating margin -€9,483
down €9,483 (-85.4%), from €11,102 to €1,619
- Depreciation +€2,115
up €2,115 (+16.1%), from €13,159 to €15,273
- Other operating charges -€679
down €679 (-41.8%), from €1,621 to €943
- Financial charges +€169
up €169 (+14.7%), from €1,150 to €1,319
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 | €105,068 | €85,618 | -€19,450 | -18.5% |
| Fixed assets | 21/28 | €56,406 | €47,728 | -€8,678 | -15.4% |
| Tangible fixed assets | 22/27 | €56,406 | €47,728 | -€8,678 | -15.4% |
| Plant, machinery and equipment | 23 | €623 | €355 | -€268 | -43.0% |
| Furniture and vehicles | 24 | €47,153 | €34,069 | -€13,084 | -27.7% |
| Other tangible fixed assets | 26 | €8,630 | €13,304 | +€4,675 | +54.2% |
| Current assets | 29/58 | €48,662 | €37,890 | -€10,772 | -22.1% |
| Stocks and contracts in progress | 3 | €9,194 | €9,169 | -€25 | -0.3% |
| Stocks | 30/36 | €9,194 | €9,169 | -€25 | -0.3% |
| Amounts receivable within one year | 40/41 | €11,343 | €17,020 | +€5,677 | +50.0% |
| Trade receivables | 40 | €10,310 | €14,550 | +€4,240 | +41.1% |
| Other amounts receivable | 41 | €1,033 | €2,470 | +€1,437 | +139% |
| Cash at bank and in hand | 54/58 | €27,043 | €11,020 | -€16,023 | -59.2% |
| Deferred charges and accrued income | 490/1 | €1,082 | €681 | -€401 | -37.1% |
| Total equity and liabilities | 10/49 | €105,068 | €85,618 | -€19,450 | -18.5% |
| Equity | 10/15 | €56,270 | €40,185 | -€16,086 | -28.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,328 | €58,328 | = | 0.0% |
| Distributable reserves | 133 | €58,328 | €58,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,057 | -€21,143 | -€16,086 | -318% |
| Amounts payable | 17/49 | €48,798 | €45,433 | -€3,365 | -6.9% |
| Amounts payable after more than one year | 17 | €24,656 | €17,965 | -€6,691 | -27.1% |
| Financial debts | 170/4 | €24,656 | €17,965 | -€6,691 | -27.1% |
| Amounts payable within one year | 42/48 | €24,142 | €26,468 | +€2,326 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €6,423 | €6,691 | +€268 | +4.2% |
| Trade debts | 44 | €3,169 | €5,373 | +€2,204 | +69.5% |
| Suppliers | 440/4 | €3,169 | €5,373 | +€2,204 | +69.5% |
| Taxes, remuneration and social security | 45 | €8,050 | €7,905 | -€145 | -1.8% |
| Taxes | 450/3 | €5,050 | €4,905 | -€145 | -2.9% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,500 | €6,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,159 | €15,273 | +€2,115 | +16.1% |
| Other operating charges | 640/8 | €1,621 | €943 | -€679 | -41.8% |
| Gross operating margin | 9900 | €11,102 | €1,619 | -€9,483 | -85.4% |
| Operating profit (loss) | 9901 | -€3,678 | -€14,597 | -€10,919 | -297% |
| Financial income | 75/76B | €26 | €97 | +€72 | +277% |
| Recurring financial income | 75 | €26 | €97 | +€72 | +277% |
| Financial charges | 65/66B | €1,150 | €1,319 | +€169 | +14.7% |
| Recurring financial charges | 65 | €1,150 | €1,319 | +€169 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,802 | -€15,818 | -€11,017 | -229% |
| Income taxes | 67/77 | €256 | €267 | +€12 | +4.6% |
| Profit (loss) for the period | 9904 | -€5,057 | -€16,086 | -€11,028 | -218% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,057 | -€16,086 | -€11,028 | -218% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.