COHA: 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.
COHA
Largest movements
- Tangible fixed assets -€30,096
down €30,096 (-7.8%), from €386,824 to €356,727
of which Land and buildings: -€33,630
- Receivables within one year +€12,124
up €12,124 (+414%), from €2,926 to €15,050
of which Trade receivables: +€6,770
- Cash +€6,585
up €6,585 (+656%), from €1,004 to €7,589
mainly Net result for the year (+€141,357) and Depreciation (+€43,302)
- Profit (loss) carried forward +€141,357
up €141,357 (+94.2%), from -€150,037 to -€8,680
- Other debts -€93,496
down €93,496 (-66.2%), from €141,225 to €47,729
- Current portion of long-term debt -€59,915
down €59,915 (-88.2%), from €67,925 to €8,010
- Debts after one year -€8,010
down €8,010 (-8.0%), from €100,483 to €92,473
- Trade debts +€5,254
up €5,254 (+204%), from €2,569 to €7,822
- Gross operating margin +€197,911
up €197,911, from -€1,396 to €196,515
- Depreciation -€12,527
down €12,527 (-22.4%), from €55,829 to €43,302
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.
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 | €390,754 | €379,960 | -€10,794 | -2.8% |
| Formation expenses | 20 | - | €594 | +€594 | |
| Fixed assets | 21/28 | €386,824 | €356,727 | -€30,096 | -7.8% |
| Tangible fixed assets | 22/27 | €386,824 | €356,727 | -€30,096 | -7.8% |
| Land and buildings | 22 | €361,168 | €327,538 | -€33,630 | -9.3% |
| Plant, machinery and equipment | 23 | €8,465 | €12,424 | +€3,959 | +46.8% |
| Furniture and vehicles | 24 | €17,191 | €16,765 | -€426 | -2.5% |
| Current assets | 29/58 | €3,930 | €22,639 | +€18,709 | +476% |
| Amounts receivable within one year | 40/41 | €2,926 | €15,050 | +€12,124 | +414% |
| Trade receivables | 40 | €2,926 | €9,696 | +€6,770 | +231% |
| Other amounts receivable | 41 | - | €5,354 | +€5,354 | |
| Cash at bank and in hand | 54/58 | €1,004 | €7,589 | +€6,585 | +656% |
| Total equity and liabilities | 10/49 | €390,754 | €379,960 | -€10,794 | -2.8% |
| Equity | 10/15 | €78,552 | €219,909 | +€141,357 | +180% |
| Contributions | 10/11 | €177,368 | €177,368 | = | 0.0% |
| Revaluation surpluses | 12 | €46,500 | €46,500 | = | 0.0% |
| Reserves | 13 | €4,721 | €4,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,721 | €4,721 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,721 | €4,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,037 | -€8,680 | +€141,357 | +94.2% |
| Amounts payable | 17/49 | €312,202 | €160,051 | -€152,151 | -48.7% |
| Amounts payable after more than one year | 17 | €100,483 | €92,473 | -€8,010 | -8.0% |
| Financial debts | 170/4 | €100,483 | €92,473 | -€8,010 | -8.0% |
| Amounts payable within one year | 42/48 | €211,719 | €67,578 | -€144,141 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €67,925 | €8,010 | -€59,915 | -88.2% |
| Trade debts | 44 | €2,569 | €7,822 | +€5,254 | +204% |
| Suppliers | 440/4 | €2,569 | €7,822 | +€5,254 | +204% |
| Taxes, remuneration and social security | 45 | - | €4,017 | +€4,017 | |
| Taxes | 450/3 | - | €4,017 | +€4,017 | |
| Other amounts payable | 47/48 | €141,225 | €47,729 | -€93,496 | -66.2% |
| Remuneration, social security and pensions | 62 | - | €441 | +€441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,829 | €43,302 | -€12,527 | -22.4% |
| Other operating charges | 640/8 | €3,369 | €3,489 | +€120 | +3.6% |
| Gross operating margin | 9900 | -€1,396 | €196,515 | +€197,911 | |
| Operating profit (loss) | 9901 | -€60,595 | €149,283 | +€209,877 | |
| Financial income | 75/76B | €673 | €133 | -€540 | -80.3% |
| Recurring financial income | 75 | €673 | €133 | -€540 | -80.3% |
| Financial charges | 65/66B | €7,748 | €7,070 | -€678 | -8.7% |
| Recurring financial charges | 65 | €7,748 | €6,895 | -€853 | -11.0% |
| Non-recurring financial charges | 66B | - | €175 | +€175 | |
| Profit (loss) for the period before taxes | 9903 | -€67,670 | €142,345 | +€210,015 | |
| Income taxes | 67/77 | - | €988 | +€988 | |
| Profit (loss) for the period | 9904 | -€67,670 | €141,357 | +€209,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,670 | €141,357 | +€209,027 |
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 16 October 2026 via checked.be.