COERTJENS & DOMS: 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.
COERTJENS & DOMS
Largest movements
- Receivables within one year +€77,951
up €77,951 (+56.7%), from €137,384 to €215,335
of which Trade receivables: +€84,660
- Tangible fixed assets -€21,479
down €21,479 (-4.9%), from €438,863 to €417,384
of which Land and buildings: -€22,582
- Cash +€11,299
up €11,299 (+13.9%), from €81,397 to €92,696
mainly Trade debts (+€96,640) and Depreciation (+€29,423)
- Trade debts +€96,640
up €96,640 (+61.0%), from €158,369 to €255,009
- Reserves -€31,664
down €31,664 (-20.4%), from €155,552 to €123,888
- Debts after one year -€18,873
down €18,873 (-6.1%), from €310,946 to €292,073
- Other debts +€18,536
up €18,536 (+37.0%), from €50,089 to €68,625
- Tax, wage and social debts +€10,611
up €10,611 (+47.0%), from €22,558 to €33,169
of which Taxes: +€16,860
- Staff costs +€10,825
up €10,825 (+13.7%), from €79,283 to €90,108
- Gross operating margin +€10,289
up €10,289 (+7.2%), from €143,431 to €153,720
- Financial charges +€4,240
up €4,240 (+82.7%), from €5,127 to €9,367
- Other operating charges +€4,153
up €4,153 (+185%), from €2,248 to €6,402
- Taxes -€2,744
down €2,744 (-15.5%), from €17,645 to €14,902
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 | €727,412 | €802,485 | +€75,073 | +10.3% |
| Fixed assets | 21/28 | €439,252 | €417,384 | -€21,868 | -5.0% |
| Intangible fixed assets | 21 | €389 | - | -€389 | |
| Tangible fixed assets | 22/27 | €438,863 | €417,384 | -€21,479 | -4.9% |
| Land and buildings | 22 | €415,395 | €392,813 | -€22,582 | -5.4% |
| Plant, machinery and equipment | 23 | €5,438 | €4,556 | -€883 | -16.2% |
| Furniture and vehicles | 24 | €18,029 | €16,154 | -€1,875 | -10.4% |
| Other tangible fixed assets | 26 | - | €3,861 | +€3,861 | |
| Current assets | 29/58 | €288,160 | €385,102 | +€96,941 | +33.6% |
| Amounts receivable within one year | 40/41 | €137,384 | €215,335 | +€77,951 | +56.7% |
| Trade receivables | 40 | €130,339 | €214,999 | +€84,660 | +65.0% |
| Other amounts receivable | 41 | €7,045 | €336 | -€6,709 | -95.2% |
| Cash at bank and in hand | 54/58 | €81,397 | €92,696 | +€11,299 | +13.9% |
| Deferred charges and accrued income | 490/1 | €69,379 | €77,070 | +€7,691 | +11.1% |
| Total equity and liabilities | 10/49 | €727,412 | €802,485 | +€75,073 | +10.3% |
| Equity | 10/15 | €163,612 | €131,948 | -€31,664 | -19.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | - | €8,060 | +€8,060 | |
| Other | 1109/19 | - | €8,060 | +€8,060 | |
| Reserves | 13 | €155,552 | €123,888 | -€31,664 | -20.4% |
| Distributable reserves | 133 | €155,552 | €123,888 | -€31,664 | -20.4% |
| Amounts payable | 17/49 | €563,800 | €670,537 | +€106,738 | +18.9% |
| Amounts payable after more than one year | 17 | €310,946 | €292,073 | -€18,873 | -6.1% |
| Financial debts | 170/4 | €310,946 | €292,073 | -€18,873 | -6.1% |
| Amounts payable within one year | 42/48 | €251,789 | €378,465 | +€126,676 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €18,626 | €18,873 | +€247 | +1.3% |
| Trade debts | 44 | €158,369 | €255,009 | +€96,640 | +61.0% |
| Suppliers | 440/4 | €158,369 | €255,009 | +€96,640 | +61.0% |
| Advances received on contracts in progress | 46 | €2,147 | €2,788 | +€641 | +29.9% |
| Taxes, remuneration and social security | 45 | €22,558 | €33,169 | +€10,611 | +47.0% |
| Taxes | 450/3 | €7,717 | €24,577 | +€16,860 | +218% |
| Remuneration and social security | 454/9 | €14,841 | €8,592 | -€6,249 | -42.1% |
| Other amounts payable | 47/48 | €50,089 | €68,625 | +€18,536 | +37.0% |
| Accrued charges and deferred income | 492/3 | €1,065 | - | -€1,065 | |
| Remuneration, social security and pensions | 62 | €79,283 | €90,108 | +€10,825 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,702 | €29,423 | -€279 | -0.9% |
| Other operating charges | 640/8 | €2,248 | €6,402 | +€4,153 | +185% |
| Gross operating margin | 9900 | €143,431 | €153,720 | +€10,289 | +7.2% |
| Operating profit (loss) | 9901 | €32,198 | €27,787 | -€4,410 | -13.7% |
| Financial income | 75/76B | €38 | €70 | +€32 | +83.6% |
| Recurring financial income | 75 | €38 | €70 | +€32 | +83.6% |
| Financial charges | 65/66B | €5,127 | €9,367 | +€4,240 | +82.7% |
| Recurring financial charges | 65 | €5,127 | €9,367 | +€4,240 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €27,109 | €18,490 | -€8,618 | -31.8% |
| Income taxes | 67/77 | €17,645 | €14,902 | -€2,744 | -15.5% |
| Profit (loss) for the period | 9904 | €9,464 | €3,589 | -€5,875 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,464 | €3,589 | -€5,875 | -62.1% |
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 24 October 2026 via checked.be.