COHEN GROUP: 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.
COHEN GROUP
Largest movements
- Cash -€17,954
down €17,954 (-96.3%), from €18,640 to €687
mainly Net result for the year (-€11,662) and Other debts (-€7,752)
- Receivables within one year +€4,167
up €4,167 (+402%), from €1,037 to €5,203
of which Trade receivables: +€2,500
- Stocks and contracts -€1,110
down €1,110 (-37.9%), from €2,925 to €1,815
- Profit (loss) carried forward -€11,662
down €11,662, from €1,522 to -€10,140
- Other debts -€7,752
down €7,752 (-57.2%), from €13,541 to €5,789
- Tax, wage and social debts +€3,535
up €3,535 (+327%), from €1,081 to €4,616
- Trade debts +€982
up €982 (+28.4%), from €3,459 to €4,440
- Staff costs +€8,454
up €8,454 (+61.6%), from €13,725 to €22,179
- Gross operating margin -€5,180
down €5,180 (-30.5%), from €16,969 to €11,789
- Other operating charges -€1,287
down €1,287 (-77.7%), from €1,657 to €370
- Financial charges +€836
up €836 (+1,280%), from €65 to €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 | €22,602 | €7,705 | -€14,897 | -65.9% |
| Current assets | 29/58 | €22,602 | €7,705 | -€14,897 | -65.9% |
| Stocks and contracts in progress | 3 | €2,925 | €1,815 | -€1,110 | -37.9% |
| Stocks | 30/36 | €2,925 | €1,815 | -€1,110 | -37.9% |
| Amounts receivable within one year | 40/41 | €1,037 | €5,203 | +€4,167 | +402% |
| Trade receivables | 40 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | €1,037 | €2,703 | +€1,667 | +161% |
| Cash at bank and in hand | 54/58 | €18,640 | €687 | -€17,954 | -96.3% |
| Total equity and liabilities | 10/49 | €22,602 | €7,705 | -€14,897 | -65.9% |
| Equity | 10/15 | €4,522 | -€7,140 | -€11,662 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,522 | -€10,140 | -€11,662 | |
| Amounts payable | 17/49 | €18,080 | €14,845 | -€3,235 | -17.9% |
| Amounts payable within one year | 42/48 | €18,080 | €14,845 | -€3,235 | -17.9% |
| Trade debts | 44 | €3,459 | €4,440 | +€982 | +28.4% |
| Suppliers | 440/4 | €3,459 | €4,440 | +€982 | +28.4% |
| Taxes, remuneration and social security | 45 | €1,081 | €4,616 | +€3,535 | +327% |
| Remuneration and social security | 454/9 | €1,081 | €4,616 | +€3,535 | +327% |
| Other amounts payable | 47/48 | €13,541 | €5,789 | -€7,752 | -57.2% |
| Remuneration, social security and pensions | 62 | €13,725 | €22,179 | +€8,454 | +61.6% |
| Other operating charges | 640/8 | €1,657 | €370 | -€1,287 | -77.7% |
| Gross operating margin | 9900 | €16,969 | €11,789 | -€5,180 | -30.5% |
| Operating profit (loss) | 9901 | €1,587 | -€10,760 | -€12,347 | |
| Financial charges | 65/66B | €65 | €902 | +€836 | +1,280% |
| Recurring financial charges | 65 | €65 | €902 | +€836 | +1,280% |
| Profit (loss) for the period before taxes | 9903 | €1,522 | -€11,662 | -€13,184 | |
| Profit (loss) for the period | 9904 | €1,522 | -€11,662 | -€13,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,522 | -€11,662 | -€13,184 |
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 17 October 2026 via checked.be.