Cohema: 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.
Cohema
Largest movements
- Tangible fixed assets -€22,366
down €22,366 (-2.9%), from €765,145 to €742,779
of which Land and buildings: -€13,808
- Receivables within one year +€11,754
up €11,754 (+87.6%), from €13,423 to €25,177
of which Other amounts receivable: +€11,513
- Debts after one year -€36,478
down €36,478 (-6.8%), from €533,137 to €496,659
- Reserves +€25,565
up €25,565 (+21.4%), from €119,553 to €145,118
- Short-term financial debts -€24,322
no longer reported in 2025 (was €24,322)
- Other debts +€23,528
up €23,528 (+121.7%), from €19,338 to €42,866
- Gross operating margin -€13,873
down €13,873 (-14.3%), from €96,830 to €82,958
- Taxes -€4,363
down €4,363 (-24.8%), from €17,600 to €13,237
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 | €801,302 | €788,742 | -€12,561 | -1.6% |
| Fixed assets | 21/28 | €765,985 | €742,779 | -€23,206 | -3.0% |
| Tangible fixed assets | 22/27 | €765,145 | €742,779 | -€22,366 | -2.9% |
| Land and buildings | 22 | €754,012 | €740,204 | -€13,808 | -1.8% |
| Plant, machinery and equipment | 23 | €751 | €81 | -€670 | -89.2% |
| Furniture and vehicles | 24 | €10,382 | €2,494 | -€7,888 | -76.0% |
| Financial fixed assets | 28 | €840 | - | -€840 | |
| Current assets | 29/58 | €35,317 | €45,963 | +€10,645 | +30.1% |
| Amounts receivable within one year | 40/41 | €13,423 | €25,177 | +€11,754 | +87.6% |
| Trade receivables | 40 | €13,423 | €13,664 | +€241 | +1.8% |
| Other amounts receivable | 41 | - | €11,513 | +€11,513 | |
| Cash at bank and in hand | 54/58 | €20,743 | €19,179 | -€1,565 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,151 | €1,606 | +€456 | +39.6% |
| Total equity and liabilities | 10/49 | €801,302 | €788,742 | -€12,561 | -1.6% |
| Equity | 10/15 | €163,153 | €188,718 | +€25,565 | +15.7% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €119,553 | €145,118 | +€25,565 | +21.4% |
| Distributable reserves | 133 | €119,553 | €145,118 | +€25,565 | +21.4% |
| Amounts payable | 17/49 | €638,150 | €600,024 | -€38,126 | -6.0% |
| Amounts payable after more than one year | 17 | €533,137 | €496,659 | -€36,478 | -6.8% |
| Financial debts | 170/4 | €533,137 | €496,659 | -€36,478 | -6.8% |
| Amounts payable within one year | 42/48 | €103,060 | €100,220 | -€2,840 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €40,628 | €36,478 | -€4,149 | -10.2% |
| Financial debts | 43 | €24,322 | - | -€24,322 | |
| Credit institutions | 430/8 | €24,322 | - | -€24,322 | |
| Trade debts | 44 | €3,400 | €6,911 | +€3,511 | +103.3% |
| Suppliers | 440/4 | €3,400 | €6,911 | +€3,511 | +103.3% |
| Taxes, remuneration and social security | 45 | €15,372 | €13,966 | -€1,406 | -9.1% |
| Taxes | 450/3 | €15,372 | €13,966 | -€1,406 | -9.1% |
| Other amounts payable | 47/48 | €19,338 | €42,866 | +€23,528 | +121.7% |
| Accrued charges and deferred income | 492/3 | €1,953 | €3,145 | +€1,192 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,417 | €22,366 | -€51 | -0.2% |
| Other operating charges | 640/8 | €2,107 | €1,737 | -€371 | -17.6% |
| Non-recurring operating charges | 66A | - | €840 | +€840 | |
| Gross operating margin | 9900 | €96,830 | €82,958 | -€13,873 | -14.3% |
| Operating profit (loss) | 9901 | €72,306 | €58,015 | -€14,291 | -19.8% |
| Financial income | 75/76B | €5 | €154 | +€149 | +2990.4% |
| Recurring financial income | 75 | €5 | €154 | +€149 | +2990.4% |
| Financial charges | 65/66B | €19,650 | €19,366 | -€284 | -1.4% |
| Recurring financial charges | 65 | €19,650 | €19,366 | -€284 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €52,661 | €38,803 | -€13,858 | -26.3% |
| Income taxes | 67/77 | €17,600 | €13,237 | -€4,363 | -24.8% |
| Profit (loss) for the period | 9904 | €35,061 | €25,565 | -€9,495 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,061 | €25,565 | -€9,495 | -27.1% |
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.