Coens & Partners: 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 & Partners
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-42.6%), from €2.4m to €1.4m
of which Stocks: -€1.1m
- Cash +€303,728
up €303,728 (+1,046%), from €29,030 to €332,758
mainly Stocks and contracts (+€1.0m) and Depreciation (+€125,156)
- Receivables within one year +€214,221
up €214,221 (+48.3%), from €443,340 to €657,561
of which Other amounts receivable: +€441,502
- Debts after one year -€414,711
down €414,711 (-81.0%), from €511,985 to €97,274
- Tax, wage and social debts -€127,863
down €127,863 (-75.8%), from €168,729 to €40,866
of which Taxes: -€120,013
- Current portion of long-term debt -€124,501
down €124,501 (-89.4%), from €139,212 to €14,711
- Reserves +€80,000
up €80,000 (+2.6%), from €3.1m to €3.2m
of which Distributable reserves: +€134,000
- Gross operating margin -€92,689
down €92,689 (-20.2%), from €459,347 to €366,658
- Taxes -€34,686
down €34,686 (-53.0%), from €65,443 to €30,757
- Staff costs +€28,567
up €28,567 (+53.2%), from €53,675 to €82,242
- Financial charges -€25,513
down €25,513 (-52.3%), from €48,766 to €23,253
- Depreciation -€16,095
down €16,095 (-11.4%), from €141,251 to €125,156
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,991,652 | €4,449,328 | -€542,324 | -10.9% |
| Fixed assets | 21/28 | €2,092,614 | €2,072,241 | -€20,373 | -1.0% |
| Tangible fixed assets | 22/27 | €1,566,679 | €1,546,306 | -€20,373 | -1.3% |
| Land and buildings | 22 | €1,399,702 | €1,420,367 | +€20,665 | +1.5% |
| Plant, machinery and equipment | 23 | €27,546 | €27,502 | -€44 | -0.2% |
| Furniture and vehicles | 24 | €139,431 | €98,437 | -€40,994 | -29.4% |
| Financial fixed assets | 28 | €525,935 | €525,935 | = | 0.0% |
| Current assets | 29/58 | €2,899,038 | €2,377,087 | -€521,951 | -18.0% |
| Stocks and contracts in progress | 3 | €2,414,802 | €1,386,768 | -€1.0m | -42.6% |
| Stocks | 30/36 | €2,414,802 | €1,356,773 | -€1.1m | -43.8% |
| Contracts in progress | 37 | - | €29,995 | +€29,995 | |
| Amounts receivable within one year | 40/41 | €443,340 | €657,561 | +€214,221 | +48.3% |
| Trade receivables | 40 | €353,590 | €126,309 | -€227,281 | -64.3% |
| Other amounts receivable | 41 | €89,750 | €531,252 | +€441,502 | +492% |
| Cash at bank and in hand | 54/58 | €29,030 | €332,758 | +€303,728 | +1,046% |
| Deferred charges and accrued income | 490/1 | €11,866 | - | -€11,866 | |
| Total equity and liabilities | 10/49 | €4,991,652 | €4,449,328 | -€542,324 | -10.9% |
| Equity | 10/15 | €3,958,262 | €4,039,390 | +€81,128 | +2.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €3,076,440 | €3,156,440 | +€80,000 | +2.6% |
| Non-distributable reserves | 130/1 | €105,440 | €51,440 | -€54,000 | -51.2% |
| Reserves not available under the articles | 1311 | €105,440 | €51,440 | -€54,000 | -51.2% |
| Distributable reserves | 133 | €2,971,000 | €3,105,000 | +€134,000 | +4.5% |
| Profit (loss) carried forward | 14 | €856,822 | €857,950 | +€1,128 | +0.1% |
| Amounts payable | 17/49 | €1,033,389 | €409,938 | -€623,451 | -60.3% |
| Amounts payable after more than one year | 17 | €511,985 | €97,274 | -€414,711 | -81.0% |
| Financial debts | 170/4 | €511,985 | €97,274 | -€414,711 | -81.0% |
| Amounts payable within one year | 42/48 | €509,261 | €306,538 | -€202,723 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €139,212 | €14,711 | -€124,501 | -89.4% |
| Trade debts | 44 | €24,155 | €37,215 | +€13,060 | +54.1% |
| Suppliers | 440/4 | €24,155 | €37,215 | +€13,060 | +54.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €168,729 | €40,866 | -€127,863 | -75.8% |
| Taxes | 450/3 | €155,331 | €35,318 | -€120,013 | -77.3% |
| Remuneration and social security | 454/9 | €13,398 | €5,548 | -€7,850 | -58.6% |
| Other amounts payable | 47/48 | €177,165 | €213,746 | +€36,581 | +20.6% |
| Accrued charges and deferred income | 492/3 | €12,144 | €6,126 | -€6,018 | -49.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €53,675 | €82,242 | +€28,567 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,251 | €125,156 | -€16,095 | -11.4% |
| Other operating charges | 640/8 | €22,532 | €24,348 | +€1,816 | +8.1% |
| Gross operating margin | 9900 | €459,347 | €366,658 | -€92,689 | -20.2% |
| Operating profit (loss) | 9901 | €241,889 | €134,912 | -€106,977 | -44.2% |
| Financial income | 75/76B | €50 | €226 | +€176 | +356% |
| Recurring financial income | 75 | €50 | €226 | +€176 | +356% |
| Financial charges | 65/66B | €48,766 | €23,253 | -€25,513 | -52.3% |
| Recurring financial charges | 65 | €48,766 | €23,253 | -€25,513 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €193,173 | €111,885 | -€81,288 | -42.1% |
| Income taxes | 67/77 | €65,443 | €30,757 | -€34,686 | -53.0% |
| Profit (loss) for the period | 9904 | €127,730 | €81,128 | -€46,602 | -36.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €127,730 | €81,128 | -€46,602 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.