COHERENCE: 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.
COHERENCE
Largest movements
- Cash +€38,383
up €38,383 (+137%), from €28,039 to €66,422
mainly Receivables within one year (+€21,780) and Net result for the year (+€13,459)
- Receivables within one year -€21,780
down €21,780 (-60.9%), from €35,778 to €13,998
of which Trade receivables: -€21,780
- Profit (loss) carried forward +€13,459
up €13,459 (+33.4%), from €40,290 to €53,749
- Tax, wage and social debts +€5,075
up €5,075 (+53.8%), from €9,428 to €14,503
- Trade debts -€1,850
down €1,850 (-46.0%), from €4,019 to €2,169
- Gross operating margin -€33,400
down €33,400 (-65.8%), from €50,779 to €17,379
- Taxes -€6,714
down €6,714 (-64.1%), from €10,466 to €3,752
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 | €63,888 | €80,498 | +€16,610 | +26.0% |
| Current assets | 29/58 | €63,888 | €80,498 | +€16,610 | +26.0% |
| Amounts receivable within one year | 40/41 | €35,778 | €13,998 | -€21,780 | -60.9% |
| Trade receivables | 40 | €35,767 | €13,988 | -€21,780 | -60.9% |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,039 | €66,422 | +€38,383 | +137% |
| Deferred charges and accrued income | 490/1 | €71 | €77 | +€7 | +9.3% |
| Total equity and liabilities | 10/49 | €63,888 | €80,498 | +€16,610 | +26.0% |
| Equity | 10/15 | €50,290 | €63,749 | +€13,459 | +26.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,290 | €53,749 | +€13,459 | +33.4% |
| Amounts payable | 17/49 | €13,598 | €16,749 | +€3,151 | +23.2% |
| Amounts payable within one year | 42/48 | €13,598 | €16,749 | +€3,151 | +23.2% |
| Trade debts | 44 | €4,019 | €2,169 | -€1,850 | -46.0% |
| Suppliers | 440/4 | €4,019 | €2,169 | -€1,850 | -46.0% |
| Taxes, remuneration and social security | 45 | €9,428 | €14,503 | +€5,075 | +53.8% |
| Taxes | 450/3 | €9,428 | €14,503 | +€5,075 | +53.8% |
| Other amounts payable | 47/48 | €151 | €76 | -€74 | -49.4% |
| Gross operating margin | 9900 | €50,779 | €17,379 | -€33,400 | -65.8% |
| Operating profit (loss) | 9901 | €50,779 | €17,379 | -€33,400 | -65.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23 | €168 | +€144 | +623% |
| Recurring financial charges | 65 | €23 | €168 | +€144 | +623% |
| Profit (loss) for the period before taxes | 9903 | €50,756 | €17,212 | -€33,544 | -66.1% |
| Income taxes | 67/77 | €10,466 | €3,752 | -€6,714 | -64.1% |
| Profit (loss) for the period | 9904 | €40,290 | €13,459 | -€26,830 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,290 | €13,459 | -€26,830 | -66.6% |
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 14 October 2026 via checked.be.