COENS JOHAN: 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.
COENS JOHAN
Largest movements
- Cash +€57,759
up €57,759 (+302%), from €19,152 to €76,911
mainly Trade debts (+€43,696) and Receivables within one year (+€25,885)
- Receivables within one year -€25,885
down €25,885 (-24.6%), from €105,426 to €79,541
of which Trade receivables: -€29,377
- Stocks and contracts +€8,953
up €8,953 (+157%), from €5,720 to €14,673
of which Contracts in progress: +€10,000
- Tangible fixed assets -€8,318
down €8,318 (-25.4%), from €32,701 to €24,383
of which Furniture and vehicles: -€9,138
- Trade debts +€43,696
up €43,696 (+169%), from €25,905 to €69,600
- Debts after one year -€10,896
down €10,896 (-100%), from €10,896 to €0
- Reserves +€9,048
up €9,048 (+9.4%), from €95,754 to €104,802
of which Distributable reserves: +€9,048
- Other debts -€5,716
down €5,716 (-90.0%), from €6,352 to €637
- Tax, wage and social debts -€3,807
down €3,807 (-42.2%), from €9,017 to €5,210
- Gross operating margin +€11,661
up €11,661 (+64.2%), from €18,162 to €29,823
- Taxes +€3,063
up €3,063 (+160%), from €1,910 to €4,973
- Depreciation -€3,039
down €3,039 (-19.1%), from €15,934 to €12,895
- Other operating charges -€470
down €470 (-19.0%), from €2,469 to €1,999
- Financial charges -€335
down €335 (-26.9%), from €1,247 to €912
of which Financial charges: -€335
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 | €166,405 | €198,145 | +€31,740 | +19.1% |
| Fixed assets | 21/28 | €32,837 | €24,519 | -€8,318 | -25.3% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €32,701 | €24,383 | -€8,318 | -25.4% |
| Plant, machinery and equipment | 23 | €5,274 | €7,207 | +€1,933 | +36.6% |
| Furniture and vehicles | 24 | €26,190 | €17,052 | -€9,138 | -34.9% |
| Other tangible fixed assets | 26 | €1,237 | €124 | -€1,113 | -90.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €133,568 | €173,626 | +€40,058 | +30.0% |
| Stocks and contracts in progress | 3 | €5,720 | €14,673 | +€8,953 | +157% |
| Stocks | 30/36 | €5,720 | €4,673 | -€1,047 | -18.3% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €105,426 | €79,541 | -€25,885 | -24.6% |
| Trade receivables | 40 | €98,278 | €68,901 | -€29,377 | -29.9% |
| Other amounts receivable | 41 | €7,148 | €10,640 | +€3,492 | +48.8% |
| Cash at bank and in hand | 54/58 | €19,152 | €76,911 | +€57,759 | +302% |
| Deferred charges and accrued income | 490/1 | €3,269 | €2,501 | -€769 | -23.5% |
| Total equity and liabilities | 10/49 | €166,405 | €198,145 | +€31,740 | +19.1% |
| Equity | 10/15 | €102,754 | €111,802 | +€9,048 | +8.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €95,754 | €104,802 | +€9,048 | +9.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €95,754 | €104,802 | +€9,048 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €63,651 | €86,343 | +€22,692 | +35.7% |
| Amounts payable after more than one year | 17 | €10,896 | €0 | -€10,896 | -100% |
| Financial debts | 170/4 | €10,896 | €0 | -€10,896 | -100% |
| Amounts payable within one year | 42/48 | €52,755 | €86,343 | +€33,588 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | €11,481 | €10,896 | -€585 | -5.1% |
| Trade debts | 44 | €25,905 | €69,600 | +€43,696 | +169% |
| Suppliers | 440/4 | €25,905 | €69,600 | +€43,696 | +169% |
| Taxes, remuneration and social security | 45 | €9,017 | €5,210 | -€3,807 | -42.2% |
| Taxes | 450/3 | €9,017 | €5,210 | -€3,807 | -42.2% |
| Other amounts payable | 47/48 | €6,352 | €637 | -€5,716 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,934 | €12,895 | -€3,039 | -19.1% |
| Other operating charges | 640/8 | €2,469 | €1,999 | -€470 | -19.0% |
| Gross operating margin | 9900 | €18,162 | €29,823 | +€11,661 | +64.2% |
| Operating profit (loss) | 9901 | -€240 | €14,930 | +€15,170 | |
| Financial income | 75/76B | €67 | €4 | -€64 | -94.3% |
| Recurring financial income | 75 | €67 | €4 | -€64 | -94.3% |
| Financial charges | 65/66B | €1,247 | €912 | -€335 | -26.9% |
| Recurring financial charges | 65 | €1,247 | €912 | -€335 | -26.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€1,420 | €14,022 | +€15,441 | |
| Transfer from deferred taxes | 780 | €5,753 | €0 | -€5,753 | -100% |
| Income taxes | 67/77 | €1,910 | €4,973 | +€3,063 | +160% |
| Profit (loss) for the period | 9904 | €2,423 | €9,048 | +€6,625 | +273% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,423 | €9,048 | +€6,625 | +273% |
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 23 October 2026 via checked.be.