COINVESTO: 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.
COINVESTO
Largest movements
- Tangible fixed assets +€217,978
up €217,978 (+63.7%), from €342,245 to €560,224
- Receivables within one year +€80,850
up €80,850 (+151%), from €53,650 to €134,500
of which Trade receivables: +€81,300
- Revaluation surpluses +€150,857
new in 2025: €150,857
- Debts after one year +€119,599
up €119,599 (+34.6%), from €345,694 to €465,293
- Tax, wage and social debts +€13,140
up €13,140 (+511%), from €2,573 to €15,713
- Accrued charges and deferred income +€7,879
new in 2025: €7,879
- Depreciation -€12,607
down €12,607 (-77.9%), from €16,192 to €3,584
- Gross operating margin +€8,628
up €8,628 (+21.8%), from €39,503 to €48,132
- Financial charges +€5,557
up €5,557 (+47.9%), from €11,601 to €17,158
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 | €400,928 | €702,274 | +€301,347 | +75.2% |
| Fixed assets | 21/28 | €342,245 | €560,224 | +€217,978 | +63.7% |
| Tangible fixed assets | 22/27 | €342,245 | €560,224 | +€217,978 | +63.7% |
| Land and buildings | 22 | €342,245 | €560,224 | +€217,978 | +63.7% |
| Current assets | 29/58 | €58,682 | €142,051 | +€83,369 | +142% |
| Amounts receivable within one year | 40/41 | €53,650 | €134,500 | +€80,850 | +151% |
| Trade receivables | 40 | €53,200 | €134,500 | +€81,300 | +153% |
| Other amounts receivable | 41 | €450 | €0 | -€450 | -100% |
| Cash at bank and in hand | 54/58 | €5,033 | €7,551 | +€2,518 | +50.0% |
| Total equity and liabilities | 10/49 | €400,928 | €702,274 | +€301,347 | +75.2% |
| Equity | 10/15 | €32,719 | €190,555 | +€157,836 | +482% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €150,857 | +€150,857 | |
| Profit (loss) carried forward | 14 | €7,719 | €14,698 | +€6,979 | +90.4% |
| Amounts payable | 17/49 | €368,209 | €511,720 | +€143,511 | +39.0% |
| Amounts payable after more than one year | 17 | €345,694 | €465,293 | +€119,599 | +34.6% |
| Financial debts | 170/4 | €345,694 | €465,293 | +€119,599 | +34.6% |
| Amounts payable within one year | 42/48 | €22,515 | €38,548 | +€16,033 | +71.2% |
| Current portion of amounts payable after more than one year | 42 | €12,942 | €14,565 | +€1,623 | +12.5% |
| Trade debts | 44 | €7,000 | €8,270 | +€1,270 | +18.1% |
| Suppliers | 440/4 | €7,000 | €8,270 | +€1,270 | +18.1% |
| Taxes, remuneration and social security | 45 | €2,573 | €15,713 | +€13,140 | +511% |
| Taxes | 450/3 | €2,573 | €15,713 | +€13,140 | +511% |
| Accrued charges and deferred income | 492/3 | - | €7,879 | +€7,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,192 | €3,584 | -€12,607 | -77.9% |
| Other operating charges | 640/8 | €1,419 | €1,083 | -€336 | -23.6% |
| Non-recurring operating charges | 66A | - | €17,000 | +€17,000 | |
| Gross operating margin | 9900 | €39,503 | €48,132 | +€8,628 | +21.8% |
| Operating profit (loss) | 9901 | €21,893 | €26,464 | +€4,571 | +20.9% |
| Financial charges | 65/66B | €11,601 | €17,158 | +€5,557 | +47.9% |
| Recurring financial charges | 65 | €11,601 | €17,158 | +€5,557 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €10,292 | €9,306 | -€986 | -9.6% |
| Income taxes | 67/77 | €2,573 | €2,326 | -€246 | -9.6% |
| Profit (loss) for the period | 9904 | €7,719 | €6,979 | -€739 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,719 | €6,979 | -€739 | -9.6% |
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.