COHEN: 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.
COHEN
Largest movements
- Tangible fixed assets +€243,639
up €243,639 (+79.1%), from €308,202 to €551,841
of which Land and buildings: +€213,110
- Receivables within one year +€17,155
up €17,155 (+8.7%), from €197,045 to €214,200
- Cash +€15,698
up €15,698 (+6791.8%), from €231 to €15,929
mainly Debts after one year (+€211,946) and Net result for the year (+€92,845)
- Debts after one year +€211,946
up €211,946 (+226.3%), from €93,661 to €305,607
- Trade debts +€59,297
up €59,297 (+194.0%), from €30,571 to €89,867
- Tax, wage and social debts -€42,657
down €42,657 (-28.9%), from €147,530 to €104,872
- Current portion of long-term debt +€25,648
up €25,648 (+111.0%), from €23,104 to €48,753
- Other debts +€16,500
up €16,500 (+39.3%), from €42,000 to €58,500
- Gross operating margin -€33,538
down €33,538 (-16.9%), from €198,258 to €164,720
- Taxes -€14,084
down €14,084 (-31.2%), from €45,212 to €31,128
- Depreciation +€10,280
up €10,280 (+58.4%), from €17,590 to €27,871
- Financial charges +€9,881
up €9,881 (+152.4%), from €6,484 to €16,366
- Other operating charges -€5,058
down €5,058 (-48.1%), from €10,523 to €5,465
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,842 | €791,420 | +€283,579 | +55.8% |
| Fixed assets | 21/28 | €308,281 | €551,920 | +€243,639 | +79.0% |
| Tangible fixed assets | 22/27 | €308,202 | €551,841 | +€243,639 | +79.1% |
| Land and buildings | 22 | €263,672 | €476,782 | +€213,110 | +80.8% |
| Plant, machinery and equipment | 23 | €39,614 | €73,206 | +€33,591 | +84.8% |
| Furniture and vehicles | 24 | €4,915 | €1,853 | -€3,062 | -62.3% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €199,560 | €239,500 | +€39,940 | +20.0% |
| Amounts receivable within one year | 40/41 | €197,045 | €214,200 | +€17,155 | +8.7% |
| Other amounts receivable | 41 | €197,045 | €214,200 | +€17,155 | +8.7% |
| Cash at bank and in hand | 54/58 | €231 | €15,929 | +€15,698 | +6791.8% |
| Deferred charges and accrued income | 490/1 | €2,284 | €9,371 | +€7,087 | +310.3% |
| Total equity and liabilities | 10/49 | €507,842 | €791,420 | +€283,579 | +55.8% |
| Equity | 10/15 | €163,976 | €176,821 | +€12,845 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,505 | €164,350 | +€12,845 | +8.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €149,645 | €162,490 | +€12,845 | +8.6% |
| Profit (loss) carried forward | 14 | €71 | €71 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,000 | €7,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €7,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable | 17/49 | €336,866 | €607,599 | +€270,733 | +80.4% |
| Amounts payable after more than one year | 17 | €93,661 | €305,607 | +€211,946 | +226.3% |
| Financial debts | 170/4 | €93,661 | €305,607 | +€211,946 | +226.3% |
| Amounts payable within one year | 42/48 | €243,205 | €301,992 | +€58,788 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €23,104 | €48,753 | +€25,648 | +111.0% |
| Trade debts | 44 | €30,571 | €89,867 | +€59,297 | +194.0% |
| Suppliers | 440/4 | €30,571 | €89,867 | +€59,297 | +194.0% |
| Taxes, remuneration and social security | 45 | €147,530 | €104,872 | -€42,657 | -28.9% |
| Taxes | 450/3 | €147,530 | €104,872 | -€42,657 | -28.9% |
| Other amounts payable | 47/48 | €42,000 | €58,500 | +€16,500 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,590 | €27,871 | +€10,280 | +58.4% |
| Other operating charges | 640/8 | €10,523 | €5,465 | -€5,058 | -48.1% |
| Gross operating margin | 9900 | €198,258 | €164,720 | -€33,538 | -16.9% |
| Operating profit (loss) | 9901 | €170,145 | €131,385 | -€38,760 | -22.8% |
| Financial income | 75/76B | €11,197 | €8,954 | -€2,243 | -20.0% |
| Recurring financial income | 75 | €11,197 | €8,954 | -€2,243 | -20.0% |
| Financial charges | 65/66B | €6,484 | €16,366 | +€9,881 | +152.4% |
| Recurring financial charges | 65 | €6,484 | €16,366 | +€9,881 | +152.4% |
| Profit (loss) for the period before taxes | 9903 | €174,857 | €123,973 | -€50,884 | -29.1% |
| Income taxes | 67/77 | €45,212 | €31,128 | -€14,084 | -31.2% |
| Profit (loss) for the period | 9904 | €129,645 | €92,845 | -€36,800 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,645 | €92,845 | -€36,800 | -28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.