COEXIN: what changed
Two fiscal 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.
COEXIN
Largest movements
- Current investments +€80,009
new in 2025: €80,009
- Cash -€37,595
down €37,595 (-29.5%), from €127,343 to €89,748
mainly Current investments (-€80,009) and Contributions, distributions and other (-€78,090)
- Tangible fixed assets -€23,153
down €23,153 (-37.1%), from €62,441 to €39,287
of which Plant, machinery and equipment: -€24,107
- Stocks and contracts -€9,497
down €9,497 (-39.9%), from €23,786 to €14,289
- Receivables within one year -€3,024
down €3,024 (-26.6%), from €11,388 to €8,364
of which Other amounts receivable: -€3,810
- Other debts +€39,572
up €39,572 (+96.8%), from €40,865 to €80,437
- Reserves -€33,040
down €33,040 (-21.2%), from €155,498 to €122,458
- Staff costs -€27,968
down €27,968 (-46.9%), from €59,635 to €31,667
- Gross operating margin -€14,824
down €14,824 (-10.9%), from €135,800 to €120,976
- Financial income +€5,651
up €5,651 (+687.7%), from €822 to €6,473
- Other operating charges +€4,460
up €4,460 (+118.5%), from €3,765 to €8,224
- Financial charges +€2,004
up €2,004 (+672.8%), from €298 to €2,302
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.
Cash bridge derived
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 | €231,954 | €238,578 | +€6,624 | +2.9% |
| Fixed assets | 21/28 | €66,101 | €42,947 | -€23,153 | -35.0% |
| Tangible fixed assets | 22/27 | €62,441 | €39,287 | -€23,153 | -37.1% |
| Plant, machinery and equipment | 23 | €61,606 | €37,499 | -€24,107 | -39.1% |
| Furniture and vehicles | 24 | €835 | €1,789 | +€954 | +114.3% |
| Financial fixed assets | 28 | €3,660 | €3,660 | = | 0.0% |
| Current assets | 29/58 | €165,854 | €195,631 | +€29,777 | +18.0% |
| Stocks and contracts in progress | 3 | €23,786 | €14,289 | -€9,497 | -39.9% |
| Stocks | 30/36 | €23,786 | €14,289 | -€9,497 | -39.9% |
| Amounts receivable within one year | 40/41 | €11,388 | €8,364 | -€3,024 | -26.6% |
| Trade receivables | 40 | €1,707 | €2,492 | +€785 | +46.0% |
| Other amounts receivable | 41 | €9,681 | €5,871 | -€3,810 | -39.4% |
| Current investments | 50/53 | - | €80,009 | +€80,009 | |
| Cash at bank and in hand | 54/58 | €127,343 | €89,748 | -€37,595 | -29.5% |
| Deferred charges and accrued income | 490/1 | €3,337 | €3,221 | -€116 | -3.5% |
| Total equity and liabilities | 10/49 | €231,954 | €238,578 | +€6,624 | +2.9% |
| Equity | 10/15 | €188,493 | €154,862 | -€33,631 | -17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €155,498 | €122,458 | -€33,040 | -21.2% |
| Distributable reserves | 133 | €155,498 | €122,458 | -€33,040 | -21.2% |
| Profit (loss) carried forward | 14 | €18,794 | €18,804 | +€9 | 0.0% |
| Investment grants | 15 | €1,800 | €1,200 | -€600 | -33.3% |
| Amounts payable | 17/49 | €43,462 | €83,716 | +€40,255 | +92.6% |
| Amounts payable within one year | 42/48 | €43,462 | €83,716 | +€40,255 | +92.6% |
| Trade debts | 44 | €1,527 | €2,774 | +€1,246 | +81.6% |
| Suppliers | 440/4 | €1,527 | €2,774 | +€1,246 | +81.6% |
| Taxes, remuneration and social security | 45 | €1,069 | €506 | -€563 | -52.7% |
| Taxes | 450/3 | €1,023 | €452 | -€572 | -55.9% |
| Remuneration and social security | 454/9 | €46 | €54 | +€9 | +18.9% |
| Other amounts payable | 47/48 | €40,865 | €80,437 | +€39,572 | +96.8% |
| Remuneration, social security and pensions | 62 | €59,635 | €31,667 | -€27,968 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,737 | €24,837 | -€900 | -3.5% |
| Other operating charges | 640/8 | €3,765 | €8,224 | +€4,460 | +118.5% |
| Gross operating margin | 9900 | €135,800 | €120,976 | -€14,824 | -10.9% |
| Operating profit (loss) | 9901 | €46,664 | €56,247 | +€9,584 | +20.5% |
| Financial income | 75/76B | €822 | €6,473 | +€5,651 | +687.7% |
| Recurring financial income | 75 | €822 | €6,473 | +€5,651 | +687.7% |
| Financial charges | 65/66B | €298 | €2,302 | +€2,004 | +672.8% |
| Recurring financial charges | 65 | €298 | €2,302 | +€2,004 | +672.8% |
| Profit (loss) for the period before taxes | 9903 | €47,188 | €60,418 | +€13,231 | +28.0% |
| Income taxes | 67/77 | €15,540 | €15,959 | +€419 | +2.7% |
| Profit (loss) for the period | 9904 | €31,647 | €44,459 | +€12,812 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,647 | €44,459 | +€12,812 | +40.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.