COENRAETS CONSEIL: 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.
COENRAETS CONSEIL
Largest movements
- Cash -€31,423
down €31,423 (-70.3%), from €44,726 to €13,302
mainly Short-term financial debts (-€15,202) and Deferred charges and accrued income (-€12,580)
- Deferred charges and accrued income +€12,580
up €12,580 (+520%), from €2,420 to €15,000
- Tangible fixed assets +€6,882
up €6,882 (+75.4%), from €9,123 to €16,005
of which Plant, machinery and equipment: +€7,301
- Short-term financial debts -€15,202
down €15,202 (-98.8%), from €15,386 to €185
- Profit (loss) carried forward +€4,760
up €4,760 (+17.6%), from €27,020 to €31,780
- Advances received +€2,817
up €2,817 (+141%), from €2,000 to €4,817
- Tax, wage and social debts -€2,079
down €2,079 (-57.2%), from €3,634 to €1,555
- Trade debts -€1,739
down €1,739 (-60.2%), from €2,887 to €1,148
- Gross operating margin -€14,358
down €14,358 (-54.5%), from €26,365 to €12,007
- Depreciation -€3,382
down €3,382 (-89.0%), from €3,801 to €419
- Taxes +€3,119
up €3,119 (+80.3%), from €3,885 to €7,004
- Financial income +€1,072
new in 2025: €1,072
- Other operating charges +€280
up €280 (+55.6%), from €503 to €782
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 | €58,987 | €47,545 | -€11,442 | -19.4% |
| Fixed assets | 21/28 | €9,123 | €16,005 | +€6,882 | +75.4% |
| Tangible fixed assets | 22/27 | €9,123 | €16,005 | +€6,882 | +75.4% |
| Plant, machinery and equipment | 23 | €8,285 | €15,586 | +€7,301 | +88.1% |
| Furniture and vehicles | 24 | €838 | €419 | -€419 | -50.0% |
| Current assets | 29/58 | €49,864 | €31,540 | -€18,325 | -36.7% |
| Amounts receivable within one year | 40/41 | €2,719 | €3,237 | +€519 | +19.1% |
| Trade receivables | 40 | €2,719 | €1,171 | -€1,548 | -56.9% |
| Other amounts receivable | 41 | - | €2,067 | +€2,067 | |
| Cash at bank and in hand | 54/58 | €44,726 | €13,302 | -€31,423 | -70.3% |
| Deferred charges and accrued income | 490/1 | €2,420 | €15,000 | +€12,580 | +520% |
| Total equity and liabilities | 10/49 | €58,987 | €47,545 | -€11,442 | -19.4% |
| Equity | 10/15 | €35,080 | €39,840 | +€4,760 | +13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,020 | €31,780 | +€4,760 | +17.6% |
| Amounts payable | 17/49 | €23,907 | €7,705 | -€16,202 | -67.8% |
| Amounts payable within one year | 42/48 | €23,907 | €7,705 | -€16,202 | -67.8% |
| Financial debts | 43 | €15,386 | €185 | -€15,202 | -98.8% |
| Credit institutions | 430/8 | €15,386 | €185 | -€15,202 | -98.8% |
| Trade debts | 44 | €2,887 | €1,148 | -€1,739 | -60.2% |
| Suppliers | 440/4 | €2,887 | €1,148 | -€1,739 | -60.2% |
| Advances received on contracts in progress | 46 | €2,000 | €4,817 | +€2,817 | +141% |
| Taxes, remuneration and social security | 45 | €3,634 | €1,555 | -€2,079 | -57.2% |
| Taxes | 450/3 | €3,634 | €1,555 | -€2,079 | -57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,801 | €419 | -€3,382 | -89.0% |
| Other operating charges | 640/8 | €503 | €782 | +€280 | +55.6% |
| Gross operating margin | 9900 | €26,365 | €12,007 | -€14,358 | -54.5% |
| Operating profit (loss) | 9901 | €22,061 | €10,806 | -€11,256 | -51.0% |
| Financial income | 75/76B | - | €1,072 | +€1,072 | |
| Recurring financial income | 75 | - | €1,072 | +€1,072 | |
| Financial charges | 65/66B | €52 | €114 | +€61 | +117% |
| Recurring financial charges | 65 | €52 | €114 | +€61 | +117% |
| Profit (loss) for the period before taxes | 9903 | €22,009 | €11,764 | -€10,245 | -46.5% |
| Income taxes | 67/77 | €3,885 | €7,004 | +€3,119 | +80.3% |
| Profit (loss) for the period | 9904 | €18,124 | €4,760 | -€13,364 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,124 | €4,760 | -€13,364 | -73.7% |
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 27 October 2026 via checked.be.