COHR: 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.
COHR
Largest movements
- Cash +€66,367
up €66,367 (+208%), from €31,861 to €98,228
mainly Net result for the year (+€48,448) and Depreciation (+€12,838)
- Tangible fixed assets -€12,662
down €12,662 (-38.0%), from €33,296 to €20,635
of which Leasing and similar rights: -€7,616
- Intangible fixed assets +€4,052
new in 2025: €4,052
- Deferred charges and accrued income +€2,756
up €2,756 (+1,211%), from €228 to €2,984
- Receivables within one year -€2,745
down €2,745 (-26.7%), from €10,295 to €7,550
of which Trade receivables: -€6,085
- Reserves +€48,448
up €48,448 (+212%), from €22,860 to €71,307
- Tax, wage and social debts +€10,274
up €10,274 (+142%), from €7,257 to €17,531
- Debts after one year -€6,378
down €6,378 (-32.4%), from €19,688 to €13,309
- Other debts +€4,499
up €4,499 (+37.7%), from €11,937 to €16,436
- Gross operating margin +€34,475
up €34,475 (+82.3%), from €41,877 to €76,352
- Taxes +€6,274
up €6,274 (+106%), from €5,907 to €12,181
- Depreciation +€2,592
up €2,592 (+25.3%), from €10,245 to €12,838
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 | €75,680 | €133,449 | +€57,769 | +76.3% |
| Fixed assets | 21/28 | €33,296 | €24,687 | -€8,609 | -25.9% |
| Intangible fixed assets | 21 | - | €4,052 | +€4,052 | |
| Tangible fixed assets | 22/27 | €33,296 | €20,635 | -€12,662 | -38.0% |
| Land and buildings | 22 | €4,127 | €3,132 | -€996 | -24.1% |
| Furniture and vehicles | 24 | €4,636 | €586 | -€4,050 | -87.4% |
| Leasing and similar rights | 25 | €24,533 | €16,917 | -€7,616 | -31.0% |
| Current assets | 29/58 | €42,384 | €108,762 | +€66,378 | +157% |
| Amounts receivable within one year | 40/41 | €10,295 | €7,550 | -€2,745 | -26.7% |
| Trade receivables | 40 | €9,105 | €3,020 | -€6,085 | -66.8% |
| Other amounts receivable | 41 | €1,190 | €4,530 | +€3,340 | +281% |
| Cash at bank and in hand | 54/58 | €31,861 | €98,228 | +€66,367 | +208% |
| Deferred charges and accrued income | 490/1 | €228 | €2,984 | +€2,756 | +1,211% |
| Total equity and liabilities | 10/49 | €75,680 | €133,449 | +€57,769 | +76.3% |
| Equity | 10/15 | €27,860 | €76,307 | +€48,448 | +174% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,860 | €71,307 | +€48,448 | +212% |
| Distributable reserves | 133 | €22,860 | €71,307 | +€48,448 | +212% |
| Amounts payable | 17/49 | €47,821 | €57,141 | +€9,321 | +19.5% |
| Amounts payable after more than one year | 17 | €19,688 | €13,309 | -€6,378 | -32.4% |
| Financial debts | 170/4 | €19,688 | €13,309 | -€6,378 | -32.4% |
| Amounts payable within one year | 42/48 | €25,213 | €40,912 | +€15,699 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €6,019 | €6,378 | +€359 | +6.0% |
| Trade debts | 44 | - | €567 | +€567 | |
| Suppliers | 440/4 | - | €567 | +€567 | |
| Taxes, remuneration and social security | 45 | €7,257 | €17,531 | +€10,274 | +142% |
| Taxes | 450/3 | €7,257 | €17,531 | +€10,274 | +142% |
| Other amounts payable | 47/48 | €11,937 | €16,436 | +€4,499 | +37.7% |
| Accrued charges and deferred income | 492/3 | €2,920 | €2,920 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €117 | - | -€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,245 | €12,838 | +€2,592 | +25.3% |
| Other operating charges | 640/8 | €1,161 | €1,118 | -€43 | -3.7% |
| Gross operating margin | 9900 | €41,877 | €76,352 | +€34,475 | +82.3% |
| Operating profit (loss) | 9901 | €30,353 | €62,396 | +€32,043 | +106% |
| Financial income | 75/76B | €365 | €19 | -€346 | -94.8% |
| Recurring financial income | 75 | €365 | €19 | -€346 | -94.8% |
| Financial charges | 65/66B | €1,951 | €1,786 | -€165 | -8.4% |
| Recurring financial charges | 65 | €1,951 | €1,786 | -€165 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €28,766 | €60,629 | +€31,862 | +111% |
| Income taxes | 67/77 | €5,907 | €12,181 | +€6,274 | +106% |
| Profit (loss) for the period | 9904 | €22,860 | €48,448 | +€25,588 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €22,860 | €48,448 | +€25,588 | +112% |
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 1 November 2026 via checked.be.