COHO: what changed
What changed
COHO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€584
2025 · €10,214-€10,798
Equity
€2.3m
2025 · €2.3m-€584
Cash
€157,698
2025 · €178,178-€20,480
Balance sheet total
€3.1m
2025 · €3.1m-€1,552
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€19,339
down €19,339 (-37.8%), from €51,161 to €31,822
- Financial charges -€6,125
down €6,125 (-10.4%), from €59,098 to €52,973
- Taxes -€2,308
down €2,308 (-94.6%), from €2,439 to €131
- Gross operating margin +€1,171
up €1,171 (+3.9%), from €30,302 to €31,474
- Depreciation +€947
up €947 (+34.1%), from €2,777 to €3,724
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€10,214
Gross operating margin
+€1,171
Depreciation
-€947
Other operating charges
-€116
Financial income
-€19,339
Financial charges
+€6,125
Taxes
+€2,308
Result 2026
-€584
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,494
Investment
-€27,975
Financing
€0
Cash 2025
€178,178
From operations (derived)
+€7,494
Net result for the year
-€584
Depreciation
+€3,724
Receivables within one year
+€2,819
Deferred charges and accrued income
+€2,502
Trade debts
-€170
Tax, wage and social debts
+€653
Advances received
+€43
Other debts
+€5,030
Accrued charges and deferred income
-€6,525
Investment (derived)
-€27,975
Investment in fixed assets (net)
-€27,290
Current investments
-€685
Cash 2026
€157,698
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,068,770 | €3,067,219 | -€1,552 | -0.1% |
| Fixed assets | 21/28 | €259,254 | €282,819 | +€23,566 | +9.1% |
| Tangible fixed assets | 22/27 | €109,254 | €132,819 | +€23,566 | +21.6% |
| Plant, machinery and equipment | 23 | €1,848 | €27,677 | +€25,829 | +1,398% |
| Other tangible fixed assets | 26 | €107,406 | €105,143 | -€2,263 | -2.1% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €2,809,517 | €2,784,400 | -€25,117 | -0.9% |
| Amounts receivable within one year | 40/41 | €14,362 | €11,543 | -€2,819 | -19.6% |
| Trade receivables | 40 | €769 | €1,513 | +€743 | +96.7% |
| Other amounts receivable | 41 | €13,593 | €10,030 | -€3,563 | -26.2% |
| Current investments | 50/53 | €2,609,678 | €2,610,362 | +€685 | 0.0% |
| Cash at bank and in hand | 54/58 | €178,178 | €157,698 | -€20,480 | -11.5% |
| Deferred charges and accrued income | 490/1 | €7,299 | €4,796 | -€2,502 | -34.3% |
| Total equity and liabilities | 10/49 | €3,068,770 | €3,067,219 | -€1,552 | -0.1% |
| Equity | 10/15 | €2,273,211 | €2,272,627 | -€584 | 0.0% |
| Contributions | 10/11 | €128,714 | €128,714 | = | 0.0% |
| Reserves | 13 | €2,130,975 | €2,128,942 | -€2,033 | -0.1% |
| Tax-exempt reserves | 132 | €21,319 | €19,286 | -€2,033 | -9.5% |
| Distributable reserves | 133 | €2,109,656 | €2,109,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,522 | €14,970 | +€1,449 | +10.7% |
| Amounts payable | 17/49 | €795,560 | €794,592 | -€968 | -0.1% |
| Amounts payable after more than one year | 17 | €708,642 | €708,642 | = | 0.0% |
| Financial debts | 170/4 | €708,642 | €708,642 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,453 | €34,010 | +€5,557 | +19.5% |
| Trade debts | 44 | €4,048 | €3,878 | -€170 | -4.2% |
| Suppliers | 440/4 | €4,048 | €3,878 | -€170 | -4.2% |
| Advances received on contracts in progress | 46 | €1,947 | €1,990 | +€43 | +2.2% |
| Taxes, remuneration and social security | 45 | - | €653 | +€653 | |
| Taxes | 450/3 | - | €653 | +€653 | |
| Other amounts payable | 47/48 | €22,458 | €27,488 | +€5,030 | +22.4% |
| Accrued charges and deferred income | 492/3 | €58,465 | €51,940 | -€6,525 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,777 | €3,724 | +€947 | +34.1% |
| Other operating charges | 640/8 | €6,934 | €7,050 | +€116 | +1.7% |
| Gross operating margin | 9900 | €30,302 | €31,474 | +€1,171 | +3.9% |
| Operating profit (loss) | 9901 | €20,591 | €20,699 | +€108 | +0.5% |
| Financial income | 75/76B | €51,161 | €31,822 | -€19,339 | -37.8% |
| Recurring financial income | 75 | €51,161 | €31,822 | -€19,339 | -37.8% |
| Financial charges | 65/66B | €59,098 | €52,973 | -€6,125 | -10.4% |
| Recurring financial charges | 65 | €59,098 | €52,973 | -€6,125 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €12,653 | -€452 | -€13,106 | |
| Income taxes | 67/77 | €2,439 | €131 | -€2,308 | -94.6% |
| Profit (loss) for the period | 9904 | €10,214 | -€584 | -€10,798 | |
| Transfer from tax-exempt reserves | 789 | €2,033 | €2,033 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,247 | €1,449 | -€10,798 | -88.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.