Cohesive: 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.
Cohesive
Largest movements
- Cash +€5,085
up €5,085 (+3927.8%), from €129 to €5,214
mainly Receivables within one year (+€3,178) and Depreciation (+€1,908)
- Receivables within one year -€3,178
down €3,178 (-48.1%), from €6,613 to €3,435
of which Trade receivables: -€2,408
- Tangible fixed assets +€1,680
up €1,680 (+64.1%), from €2,620 to €4,301
of which Plant, machinery and equipment: +€1,021
- Intangible fixed assets -€500
down €500 (-22.6%), from €2,208 to €1,708
- Other debts +€1,792
up €1,792 (+44.0%), from €4,076 to €5,868
- Profit (loss) carried forward +€539
up €539 (+155.8%), from €346 to €885
- Trade debts +€365
up €365 (+46.1%), from €792 to €1,158
- Accrued charges and deferred income +€327
new in 2025: €327
- Gross operating margin +€1,142
up €1,142 (+30.9%), from €3,701 to €4,843
- Depreciation +€1,111
up €1,111 (+139.4%), from €797 to €1,908
- Other operating charges -€700
down €700 (-41.9%), from €1,670 to €970
- Taxes +€564
up €564 (+77.2%), from €730 to €1,294
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 | €11,703 | €14,658 | +€2,955 | +25.2% |
| Fixed assets | 21/28 | €4,828 | €6,008 | +€1,180 | +24.4% |
| Intangible fixed assets | 21 | €2,208 | €1,708 | -€500 | -22.6% |
| Tangible fixed assets | 22/27 | €2,620 | €4,301 | +€1,680 | +64.1% |
| Plant, machinery and equipment | 23 | €595 | €1,616 | +€1,021 | +171.6% |
| Furniture and vehicles | 24 | €2,025 | €2,684 | +€659 | +32.6% |
| Current assets | 29/58 | €6,875 | €8,650 | +€1,774 | +25.8% |
| Amounts receivable within one year | 40/41 | €6,613 | €3,435 | -€3,178 | -48.1% |
| Trade receivables | 40 | €5,843 | €3,435 | -€2,408 | -41.2% |
| Other amounts receivable | 41 | €770 | - | -€770 | |
| Cash at bank and in hand | 54/58 | €129 | €5,214 | +€5,085 | +3927.8% |
| Deferred charges and accrued income | 490/1 | €133 | - | -€133 | |
| Total equity and liabilities | 10/49 | €11,703 | €14,658 | +€2,955 | +25.2% |
| Equity | 10/15 | €2,846 | €3,385 | +€539 | +18.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346 | €885 | +€539 | +155.8% |
| Amounts payable | 17/49 | €8,857 | €11,273 | +€2,416 | +27.3% |
| Amounts payable within one year | 42/48 | €8,857 | €10,946 | +€2,089 | +23.6% |
| Trade debts | 44 | €792 | €1,158 | +€365 | +46.1% |
| Suppliers | 440/4 | €792 | €1,158 | +€365 | +46.1% |
| Taxes, remuneration and social security | 45 | €3,989 | €3,920 | -€69 | -1.7% |
| Taxes | 450/3 | €2,162 | €2,670 | +€508 | +23.5% |
| Remuneration and social security | 454/9 | €1,827 | €1,250 | -€577 | -31.6% |
| Other amounts payable | 47/48 | €4,076 | €5,868 | +€1,792 | +44.0% |
| Accrued charges and deferred income | 492/3 | - | €327 | +€327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €797 | €1,908 | +€1,111 | +139.4% |
| Other operating charges | 640/8 | €1,670 | €970 | -€700 | -41.9% |
| Gross operating margin | 9900 | €3,701 | €4,843 | +€1,142 | +30.9% |
| Operating profit (loss) | 9901 | €1,233 | €1,964 | +€731 | +59.2% |
| Financial income | 75/76B | €0 | €24 | +€24 | +240000.0% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +240000.0% |
| Financial charges | 65/66B | €157 | €155 | -€2 | -1.5% |
| Recurring financial charges | 65 | €157 | €155 | -€2 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,076 | €1,833 | +€757 | +70.3% |
| Income taxes | 67/77 | €730 | €1,294 | +€564 | +77.2% |
| Profit (loss) for the period | 9904 | €346 | €539 | +€193 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €346 | €539 | +€193 | +55.8% |
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 4 October 2026 via checked.be.