Coers: 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.
Coers
Largest movements
- Cash -€25,179
down €25,179 (-27.9%), from €90,184 to €65,005
mainly Contributions, distributions and other (-€71,018) and Investment in fixed assets (net) (-€3,367)
- Receivables within one year -€17,217
down €17,217 (-56.3%), from €30,602 to €13,385
of which Trade receivables: -€16,828
- Tangible fixed assets +€1,582
up €1,582 (+30.7%), from €5,162 to €6,744
of which Plant, machinery and equipment: +€2,979
- Reserves -€44,019
down €44,019 (-35.7%), from €123,383 to €79,364
- Tax, wage and social debts +€2,527
up €2,527 (+104%), from €2,436 to €4,963
- Gross operating margin -€9,520
down €9,520 (-18.7%), from €50,911 to €41,391
- Financial charges +€3,786
up €3,786 (+6,472%), from €59 to €3,845
- Taxes -€3,407
down €3,407 (-28.7%), from €11,860 to €8,453
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 | €126,971 | €86,213 | -€40,758 | -32.1% |
| Fixed assets | 21/28 | €5,162 | €6,744 | +€1,582 | +30.7% |
| Tangible fixed assets | 22/27 | €5,162 | €6,744 | +€1,582 | +30.7% |
| Plant, machinery and equipment | 23 | €822 | €3,800 | +€2,979 | +362% |
| Furniture and vehicles | 24 | €4,340 | €2,944 | -€1,396 | -32.2% |
| Current assets | 29/58 | €121,809 | €79,469 | -€42,340 | -34.8% |
| Amounts receivable within one year | 40/41 | €30,602 | €13,385 | -€17,217 | -56.3% |
| Trade receivables | 40 | €26,828 | €10,000 | -€16,828 | -62.7% |
| Other amounts receivable | 41 | €3,774 | €3,385 | -€389 | -10.3% |
| Cash at bank and in hand | 54/58 | €90,184 | €65,005 | -€25,179 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,023 | €1,078 | +€56 | +5.5% |
| Total equity and liabilities | 10/49 | €126,971 | €86,213 | -€40,758 | -32.1% |
| Equity | 10/15 | €124,383 | €80,364 | -€44,019 | -35.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €123,383 | €79,364 | -€44,019 | -35.7% |
| Distributable reserves | 133 | €123,383 | €79,364 | -€44,019 | -35.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,588 | €5,850 | +€3,262 | +126% |
| Amounts payable within one year | 42/48 | €2,588 | €5,850 | +€3,262 | +126% |
| Financial debts | 43 | €20 | €0 | -€20 | -100% |
| Credit institutions | 430/8 | €20 | €0 | -€20 | -100% |
| Trade debts | 44 | €131 | €886 | +€755 | +574% |
| Suppliers | 440/4 | €131 | €886 | +€755 | +574% |
| Taxes, remuneration and social security | 45 | €2,436 | €4,963 | +€2,527 | +104% |
| Taxes | 450/3 | €2,436 | €4,963 | +€2,527 | +104% |
| Non-recurring operating income | 76A | €4,543 | €0 | -€4,543 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €1,784 | +€174 | +10.8% |
| Other operating charges | 640/8 | €116 | €323 | +€207 | +178% |
| Gross operating margin | 9900 | €50,911 | €41,391 | -€9,520 | -18.7% |
| Operating profit (loss) | 9901 | €49,185 | €39,284 | -€9,901 | -20.1% |
| Financial income | 75/76B | €1 | €12 | +€12 | +1,868% |
| Recurring financial income | 75 | €1 | €12 | +€12 | +1,868% |
| Financial charges | 65/66B | €59 | €3,845 | +€3,786 | +6,472% |
| Recurring financial charges | 65 | €59 | €3,845 | +€3,786 | +6,472% |
| Profit (loss) for the period before taxes | 9903 | €49,127 | €35,452 | -€13,675 | -27.8% |
| Income taxes | 67/77 | €11,860 | €8,453 | -€3,407 | -28.7% |
| Profit (loss) for the period | 9904 | €37,267 | €26,999 | -€10,269 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,267 | €26,999 | -€10,269 | -27.6% |
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 17 October 2026 via checked.be.