COIL: 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.
What changed
COIL
NACE 25.510, Coating of metals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.0m
2024 · -€2.9m-€1.1m
Equity
€8.1m
2024 · €10.8m-€2.7m
Cash
€1.3m
2024 · €461,394+€820,984
Balance sheet total
€16.5m
2024 · €17.8m-€1.3m
Largest movements
Assets
- Financial fixed assets -€924,619
down €924,619 (-15.1%), from €6.1m to €5.2m
of which Affiliated companies: -€931,493
- Cash +€820,984
up €820,984 (+177.9%), from €461,394 to €1.3m
mainly Trade debts (+€1.3m) and Contributions, distributions and other (+€1.3m)
- Tangible fixed assets -€454,000
down €454,000 (-7.5%), from €6.0m to €5.6m
of which Plant, machinery and equipment: -€488,321
- Stocks and contracts -€373,404
down €373,404 (-23.2%), from €1.6m to €1.2m
- Receivables within one year -€325,125
down €325,125 (-9.6%), from €3.4m to €3.1m
of which Other amounts receivable: -€956,519
Equity and liabilities
- Profit (loss) carried forward -€4.0m
down €4.0m (-100.5%), from -€4.0m to -€8.0m
- Trade debts +€1.3m
up €1.3m (+47.1%), from €2.8m to €4.1m
- Contributions +€1.3m
up €1.3m (+9.4%), from €13.9m to €15.2m
of which Capital: +€1.3m
- Short-term financial debts +€764,101
up €764,101 (+42.9%), from €1.8m to €2.5m
- Current portion of long-term debt -€363,383
down €363,383 (-70.8%), from €513,256 to €149,873
Income statement
- Services and other goods -€3.2m
down €3.2m (-37.1%), from €8.6m to €5.4m
- Turnover -€2.9m
down €2.9m (-13.1%), from €22.0m to €19.1m
- Goods and materials -€2.2m
down €2.2m (-16.3%), from €13.6m to €11.4m
of which Purchases: -€2.3m
- Other operating income -€2.0m
down €2.0m (-86.3%), from €2.3m to €320,872
- Other operating charges +€1.4m
up €1.4m (+480.9%), from €294,901 to €1.7m
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.
Result 2024
-€2.9m
Turnover
-€2.9m
Other operating income
-€2.0m
Goods and materials
+€2.2m
Services and other goods
+€3.2m
Staff costs
+€192,952
Depreciation
-€16,826
Write-downs
-€375
Other operating charges
-€1.4m
Financial income
-€326,366
Financial charges
-€46,730
Taxes
+€182
Result 2025
-€4.0m
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.
From operations
-€1.3m
Investment
+€529,187
Financing
+€1.6m
Cash 2024
€461,394
From operations (derived)
-€1.3m
Net result for the year
-€4.0m
Depreciation
+€854,744
Stocks and contracts
+€373,404
Receivables within one year
+€325,125
Deferred charges and accrued income
+€55,026
Provisions
-€16,163
Trade debts
+€1.3m
Tax, wage and social debts
-€42,674
Advances received
-€124,507
Accrued charges and deferred income
-€6,519
Investment (derived)
+€529,187
Investment in fixed assets (net)
+€528,031
Current investments
+€1,156
Financing
+€1.6m
Debts after one year
-€149,873
Current portion of long-term debt
-€363,383
Short-term financial debts
+€764,101
Contributions, distributions and other
+€1.3m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,773,970 | €16,457,469 | -€1.3m | -7.4% |
| Fixed assets | 21/28 | €12,215,421 | €10,832,647 | -€1.4m | -11.3% |
| Intangible fixed assets | 21 | €41,029 | €36,873 | -€4,155 | -10.1% |
| Tangible fixed assets | 22/27 | €6,043,546 | €5,589,546 | -€454,000 | -7.5% |
| Land and buildings | 22 | €842,781 | €793,975 | -€48,806 | -5.8% |
| Plant, machinery and equipment | 23 | €5,187,290 | €4,698,969 | -€488,321 | -9.4% |
| Furniture and vehicles | 24 | €13,474 | €16,804 | +€3,330 | +24.7% |
| Assets under construction and advance payments | 27 | - | €79,797 | +€79,797 | |
| Financial fixed assets | 28 | €6,130,847 | €5,206,228 | -€924,619 | -15.1% |
| Affiliated companies | 280/1 | €6,092,733 | €5,161,240 | -€931,493 | -15.3% |
| Participating interests | 280 | €3,435,000 | €3,435,000 | = | 0.0% |
| Amounts receivable | 281 | €2,657,733 | €1,726,240 | -€931,493 | -35.0% |
| Other financial fixed assets | 284/8 | €38,114 | €44,988 | +€6,874 | +18.0% |
| Amounts receivable and cash guarantees | 285/8 | €38,114 | €44,988 | +€6,874 | +18.0% |
| Current assets | 29/58 | €5,558,549 | €5,624,822 | +€66,273 | +1.2% |
| Stocks and contracts in progress | 3 | €1,609,750 | €1,236,346 | -€373,404 | -23.2% |
| Stocks | 30/36 | €1,609,750 | €1,236,346 | -€373,404 | -23.2% |
| Raw materials and consumables | 30/31 | €1,319,922 | €1,060,523 | -€259,399 | -19.7% |
| Finished goods | 33 | €289,828 | €175,823 | -€114,005 | -39.3% |
| Amounts receivable within one year | 40/41 | €3,394,649 | €3,069,524 | -€325,125 | -9.6% |
| Trade receivables | 40 | €2,375,698 | €3,007,092 | +€631,394 | +26.6% |
| Other amounts receivable | 41 | €1,018,951 | €62,432 | -€956,519 | -93.9% |
| Current investments | 50/53 | €3,015 | €1,859 | -€1,156 | -38.3% |
| Own shares | 50 | €2,063 | €975 | -€1,088 | -52.7% |
| Other investments | 51/53 | €952 | €884 | -€68 | -7.2% |
| Cash at bank and in hand | 54/58 | €461,394 | €1,282,378 | +€820,984 | +177.9% |
| Deferred charges and accrued income | 490/1 | €89,741 | €34,715 | -€55,026 | -61.3% |
| Total equity and liabilities | 10/49 | €17,773,970 | €16,457,469 | -€1.3m | -7.4% |
| Equity | 10/15 | €10,770,183 | €8,068,370 | -€2.7m | -25.1% |
| Contributions | 10/11 | €13,899,453 | €15,199,453 | +€1.3m | +9.4% |
| Capital | 10 | €7,541,125 | €8,841,125 | +€1.3m | +17.2% |
| Issued capital | 100 | €7,541,125 | €8,841,125 | +€1.3m | +17.2% |
| Contributions outside capital | 11 | €6,358,328 | €6,358,328 | = | 0.0% |
| Share premium | 1100/10 | €6,358,328 | €6,358,328 | = | 0.0% |
| Reserves | 13 | €854,112 | €854,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €854,112 | €854,112 | = | 0.0% |
| Legal reserve | 130 | €754,112 | €754,112 | = | 0.0% |
| Own shares acquired | 1312 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,983,383 | -€7,985,195 | -€4.0m | -100.5% |
| Provisions and deferred taxes | 16 | €186,730 | €170,567 | -€16,163 | -8.7% |
| Provisions for liabilities and charges | 160/5 | €186,730 | €170,567 | -€16,163 | -8.7% |
| Other liabilities and charges | 164/5 | €186,730 | €170,567 | -€16,163 | -8.7% |
| Amounts payable | 17/49 | €6,817,058 | €8,218,532 | +€1.4m | +20.6% |
| Amounts payable after more than one year | 17 | €579,589 | €429,716 | -€149,873 | -25.9% |
| Financial debts | 170/4 | €579,589 | €429,716 | -€149,873 | -25.9% |
| Credit institutions | 173 | €579,589 | €429,716 | -€149,873 | -25.9% |
| Amounts payable within one year | 42/48 | €6,213,694 | €7,771,560 | +€1.6m | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €513,256 | €149,873 | -€363,383 | -70.8% |
| Financial debts | 43 | €1,780,576 | €2,544,677 | +€764,101 | +42.9% |
| Credit institutions | 430/8 | €1,780,576 | €2,544,677 | +€764,101 | +42.9% |
| Trade debts | 44 | €2,811,848 | €4,136,178 | +€1.3m | +47.1% |
| Suppliers | 440/4 | €2,811,848 | €4,136,178 | +€1.3m | +47.1% |
| Advances received on contracts in progress | 46 | €235,264 | €110,756 | -€124,507 | -52.9% |
| Taxes, remuneration and social security | 45 | €872,750 | €830,075 | -€42,674 | -4.9% |
| Taxes | 450/3 | €127,922 | €163,806 | +€35,884 | +28.1% |
| Remuneration and social security | 454/9 | €744,828 | €666,269 | -€78,558 | -10.5% |
| Accrued charges and deferred income | 492/3 | €23,775 | €17,256 | -€6,519 | -27.4% |
| Operating income | 70/76A | €24,322,769 | €19,408,961 | -€4.9m | -20.2% |
| Turnover | 70 | €21,976,929 | €19,088,090 | -€2.9m | -13.1% |
| Other operating income | 74 | €2,345,840 | €320,872 | -€2.0m | -86.3% |
| Operating charges | 60/66A | €27,409,916 | €23,229,702 | -€4.2m | -15.3% |
| Goods for resale, raw materials and consumables | 60 | €13,608,323 | €11,395,380 | -€2.2m | -16.3% |
| Purchases | 600/8 | €13,387,566 | €11,042,181 | -€2.3m | -17.5% |
| Change in stocks: decrease (increase) | 609 | €220,757 | €353,198 | +€132,441 | +60.0% |
| Services and other goods | 61 | €8,646,983 | €5,437,350 | -€3.2m | -37.1% |
| Remuneration, social security and pensions | 62 | €4,007,270 | €3,814,318 | -€192,952 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837,918 | €854,744 | +€16,826 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,520 | €14,895 | +€375 | +2.6% |
| Other operating charges | 640/8 | €294,901 | €1,713,016 | +€1.4m | +480.9% |
| Operating profit (loss) | 9901 | -€3,087,147 | -€3,820,741 | -€733,594 | -23.8% |
| Financial income | 75/76B | €381,564 | €55,198 | -€326,366 | -85.5% |
| Recurring financial income | 75 | €381,564 | €55,198 | -€326,366 | -85.5% |
| Income from financial fixed assets | 750 | €330,025 | €52,714 | -€277,311 | -84.0% |
| Income from current assets | 751 | €48,273 | - | -€48,273 | |
| Other financial income | 752/9 | €3,265 | €2,484 | -€782 | -23.9% |
| Financial charges | 65/66B | €187,232 | €233,962 | +€46,730 | +25.0% |
| Recurring financial charges | 65 | €187,232 | €233,962 | +€46,730 | +25.0% |
| Debt charges | 650 | €183,934 | €230,857 | +€46,923 | +25.5% |
| Other financial charges | 652/9 | €3,299 | €3,105 | -€193 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,892,816 | -€3,999,505 | -€1.1m | -38.3% |
| Income taxes | 67/77 | €2,489 | €2,307 | -€182 | -7.3% |
| Taxes | 670/3 | €2,489 | €2,307 | -€182 | -7.3% |
| Profit (loss) for the period | 9904 | -€2,895,304 | -€4,001,812 | -€1.1m | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,895,304 | -€4,001,812 | -€1.1m | -38.2% |
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 10 October 2026 via checked.be.