COENEN VASTGOED: what changed
COENEN VASTGOED
Largest movements
- Cash -€100,726
down €100,726 (-28.9%), from €348,711 to €247,984
mainly Trade debts (-€48,046) and Contributions, distributions and other (-€29,412)
- Tangible fixed assets +€12,262
up €12,262 (+58.1%), from €21,120 to €33,382
- Receivables within one year +€10,547
up €10,547 (+84.8%), from €12,432 to €22,979
of which Trade receivables: +€6,661
- Trade debts -€48,046
down €48,046 (-16.1%), from €297,952 to €249,905
- Profit (loss) carried forward -€12,482
down €12,482 (-25.6%), from €48,732 to €36,250
- Tax, wage and social debts -€8,731
down €8,731 (-44.9%), from €19,453 to €10,723
of which Taxes: -€10,417
- Other debts -€4,311
down €4,311 (-91.0%), from €4,738 to €427
- Gross operating margin +€26,366
up €26,366 (+201%), from €13,102 to €39,468
- Taxes +€8,158
up €8,158 (+389%), from €2,099 to €10,257
- Depreciation +€1,762
up €1,762 (+24.7%), from €7,138 to €8,900
- Other operating charges +€1,294
up €1,294 (+76.0%), from €1,703 to €2,996
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,034 | €307,304 | -€75,729 | -19.8% |
| Fixed assets | 21/28 | €21,630 | €33,470 | +€11,841 | +54.7% |
| Intangible fixed assets | 21 | €509 | €88 | -€421 | -82.7% |
| Tangible fixed assets | 22/27 | €21,120 | €33,382 | +€12,262 | +58.1% |
| Land and buildings | 22 | €2,821 | €6,766 | +€3,946 | +140% |
| Plant, machinery and equipment | 23 | €7,019 | €13,048 | +€6,030 | +85.9% |
| Furniture and vehicles | 24 | €6,992 | €4,875 | -€2,116 | -30.3% |
| Other tangible fixed assets | 26 | €4,290 | €8,692 | +€4,403 | +103% |
| Current assets | 29/58 | €361,404 | €273,834 | -€87,570 | -24.2% |
| Amounts receivable within one year | 40/41 | €12,432 | €22,979 | +€10,547 | +84.8% |
| Trade receivables | 40 | €12,278 | €18,940 | +€6,661 | +54.3% |
| Other amounts receivable | 41 | €153 | €4,039 | +€3,886 | +2,536% |
| Cash at bank and in hand | 54/58 | €348,711 | €247,984 | -€100,726 | -28.9% |
| Deferred charges and accrued income | 490/1 | €261 | €2,871 | +€2,610 | +998% |
| Total equity and liabilities | 10/49 | €383,034 | €307,304 | -€75,729 | -19.8% |
| Equity | 10/15 | €58,732 | €46,250 | -€12,482 | -21.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,732 | €36,250 | -€12,482 | -25.6% |
| Amounts payable | 17/49 | €324,301 | €261,054 | -€63,247 | -19.5% |
| Amounts payable after more than one year | 17 | €2,159 | - | -€2,159 | |
| Financial debts | 170/4 | €2,159 | - | -€2,159 | |
| Amounts payable within one year | 42/48 | €322,143 | €261,054 | -€61,088 | -19.0% |
| Trade debts | 44 | €297,952 | €249,905 | -€48,046 | -16.1% |
| Suppliers | 440/4 | €297,952 | €249,905 | -€48,046 | -16.1% |
| Taxes, remuneration and social security | 45 | €19,453 | €10,723 | -€8,731 | -44.9% |
| Taxes | 450/3 | €19,453 | €9,036 | -€10,417 | -53.6% |
| Remuneration and social security | 454/9 | - | €1,687 | +€1,687 | |
| Other amounts payable | 47/48 | €4,738 | €427 | -€4,311 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,138 | €8,900 | +€1,762 | +24.7% |
| Other operating charges | 640/8 | €1,703 | €2,996 | +€1,294 | +76.0% |
| Gross operating margin | 9900 | €13,102 | €39,468 | +€26,366 | +201% |
| Operating profit (loss) | 9901 | €4,261 | €27,571 | +€23,310 | +547% |
| Financial income | 75/76B | €12 | €86 | +€74 | +607% |
| Recurring financial income | 75 | €12 | €86 | +€74 | +607% |
| Financial charges | 65/66B | €333 | €471 | +€137 | +41.2% |
| Recurring financial charges | 65 | €333 | €471 | +€137 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €3,940 | €27,186 | +€23,247 | +590% |
| Income taxes | 67/77 | €2,099 | €10,257 | +€8,158 | +389% |
| Profit (loss) for the period | 9904 | €1,841 | €16,929 | +€15,088 | +820% |
| Profit (loss) for the period to be appropriated | 9905 | €1,841 | €16,929 | +€15,088 | +820% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.