COHERENTAS: 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.
COHERENTAS
Largest movements
- Receivables within one year +€31,699
up €31,699 (+122.0%), from €25,984 to €57,683
of which Trade receivables: +€31,619
- Cash -€13,584
down €13,584 (-21.0%), from €64,652 to €51,067
mainly Receivables within one year (-€31,699) and Contributions, distributions and other (-€20,357)
- Current investments +€10,780
up €10,780 (+43.1%), from €25,000 to €35,780
- Tangible fixed assets +€3,129
up €3,129 (+201.7%), from €1,551 to €4,681
- Deferred charges and accrued income +€2,550
up €2,550 (+46.9%), from €5,441 to €7,992
- Reserves +€28,417
up €28,417 (+152.4%), from €18,652 to €47,069
- Other debts +€6,364
up €6,364 (+45.5%), from €13,993 to €20,357
- Staff costs -€63,797
down €63,797 (-17.9%), from €357,188 to €293,391
- Gross operating margin -€42,672
down €42,672 (-10.5%), from €405,483 to €362,811
- Taxes +€5,083
up €5,083 (+36.3%), from €13,998 to €19,082
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 | €122,628 | €157,201 | +€34,574 | +28.2% |
| Fixed assets | 21/28 | €1,551 | €4,681 | +€3,129 | +201.7% |
| Tangible fixed assets | 22/27 | €1,551 | €4,681 | +€3,129 | +201.7% |
| Plant, machinery and equipment | 23 | €1,551 | €4,681 | +€3,129 | +201.7% |
| Current assets | 29/58 | €121,077 | €152,521 | +€31,444 | +26.0% |
| Amounts receivable within one year | 40/41 | €25,984 | €57,683 | +€31,699 | +122.0% |
| Trade receivables | 40 | €25,945 | €57,565 | +€31,619 | +121.9% |
| Other amounts receivable | 41 | €38 | €118 | +€80 | +209.2% |
| Current investments | 50/53 | €25,000 | €35,780 | +€10,780 | +43.1% |
| Cash at bank and in hand | 54/58 | €64,652 | €51,067 | -€13,584 | -21.0% |
| Deferred charges and accrued income | 490/1 | €5,441 | €7,992 | +€2,550 | +46.9% |
| Total equity and liabilities | 10/49 | €122,628 | €157,201 | +€34,574 | +28.2% |
| Equity | 10/15 | €28,652 | €57,069 | +€28,417 | +99.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,652 | €47,069 | +€28,417 | +152.4% |
| Distributable reserves | 133 | €18,652 | €47,069 | +€28,417 | +152.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,976 | €100,132 | +€6,157 | +6.6% |
| Amounts payable within one year | 42/48 | €93,976 | €99,590 | +€5,614 | +6.0% |
| Trade debts | 44 | €19,389 | €20,126 | +€738 | +3.8% |
| Suppliers | 440/4 | €19,389 | €20,126 | +€738 | +3.8% |
| Taxes, remuneration and social security | 45 | €60,594 | €59,107 | -€1,487 | -2.5% |
| Taxes | 450/3 | €22,300 | €25,696 | +€3,396 | +15.2% |
| Remuneration and social security | 454/9 | €38,294 | €33,411 | -€4,883 | -12.8% |
| Other amounts payable | 47/48 | €13,993 | €20,357 | +€6,364 | +45.5% |
| Accrued charges and deferred income | 492/3 | - | €542 | +€542 | |
| Remuneration, social security and pensions | 62 | €357,188 | €293,391 | -€63,797 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €1,521 | +€1,371 | +911.2% |
| Other operating charges | 640/8 | €1,317 | €836 | -€481 | -36.5% |
| Gross operating margin | 9900 | €405,483 | €362,811 | -€42,672 | -10.5% |
| Operating profit (loss) | 9901 | €46,828 | €67,063 | +€20,235 | +43.2% |
| Financial income | 75/76B | €214 | €833 | +€619 | +288.8% |
| Recurring financial income | 75 | €214 | €833 | +€619 | +288.8% |
| Financial charges | 65/66B | €399 | €41 | -€358 | -89.8% |
| Recurring financial charges | 65 | €399 | €41 | -€358 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €46,643 | €67,856 | +€21,212 | +45.5% |
| Income taxes | 67/77 | €13,998 | €19,082 | +€5,083 | +36.3% |
| Profit (loss) for the period | 9904 | €32,645 | €48,774 | +€16,129 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,645 | €48,774 | +€16,129 | +49.4% |
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 30 September 2026 via checked.be.