COKELAERE ENGINEERING: 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.
COKELAERE ENGINEERING
Largest movements
- Cash -€17,568
down €17,568 (-23.4%), from €75,210 to €57,642
mainly Contributions, distributions and other (-€38,000) and Debts after one year (-€20,000)
- Tangible fixed assets +€2,512
up €2,512 (+70.6%), from €3,557 to €6,070
of which Furniture and vehicles: +€2,983
- Debts after one year -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Trade debts +€8,878
up €8,878 (+1288.7%), from €689 to €9,567
- Tax, wage and social debts -€7,402
down €7,402 (-34.2%), from €21,666 to €14,264
of which Taxes: -€7,402
- Reserves +€5,322
up €5,322 (+4.5%), from €117,893 to €123,214
- Gross operating margin +€6,859
up €6,859 (+12.4%), from €55,264 to €62,123
- Taxes +€1,328
up €1,328 (+9.9%), from €13,396 to €14,724
- Depreciation +€1,150
up €1,150 (+88.8%), from €1,295 to €2,445
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 | €176,364 | €162,752 | -€13,612 | -7.7% |
| Fixed assets | 21/28 | €89,377 | €91,889 | +€2,512 | +2.8% |
| Tangible fixed assets | 22/27 | €3,557 | €6,070 | +€2,512 | +70.6% |
| Plant, machinery and equipment | 23 | €497 | €26 | -€471 | -94.8% |
| Furniture and vehicles | 24 | €3,061 | €6,044 | +€2,983 | +97.5% |
| Financial fixed assets | 28 | €85,820 | €85,820 | = | 0.0% |
| Current assets | 29/58 | €86,987 | €70,863 | -€16,124 | -18.5% |
| Amounts receivable within one year | 40/41 | €11,525 | €13,157 | +€1,632 | +14.2% |
| Trade receivables | 40 | €11,525 | €13,157 | +€1,632 | +14.2% |
| Cash at bank and in hand | 54/58 | €75,210 | €57,642 | -€17,568 | -23.4% |
| Deferred charges and accrued income | 490/1 | €252 | €64 | -€188 | -74.7% |
| Total equity and liabilities | 10/49 | €176,364 | €162,752 | -€13,612 | -7.7% |
| Equity | 10/15 | €125,893 | €131,214 | +€5,322 | +4.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €117,893 | €123,214 | +€5,322 | +4.5% |
| Distributable reserves | 133 | €117,893 | €123,214 | +€5,322 | +4.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,472 | €31,538 | -€18,934 | -37.5% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100.0% |
| Financial debts | 170/4 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts payable within one year | 42/48 | €28,101 | €30,300 | +€2,199 | +7.8% |
| Trade debts | 44 | €689 | €9,567 | +€8,878 | +1288.7% |
| Suppliers | 440/4 | €689 | €9,567 | +€8,878 | +1288.7% |
| Taxes, remuneration and social security | 45 | €21,666 | €14,264 | -€7,402 | -34.2% |
| Taxes | 450/3 | €19,966 | €12,564 | -€7,402 | -37.1% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €5,747 | €6,468 | +€722 | +12.6% |
| Accrued charges and deferred income | 492/3 | €2,370 | €1,238 | -€1,132 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €2,445 | +€1,150 | +88.8% |
| Other operating charges | 640/8 | €279 | €778 | +€500 | +179.2% |
| Gross operating margin | 9900 | €55,264 | €62,123 | +€6,859 | +12.4% |
| Operating profit (loss) | 9901 | €53,690 | €58,899 | +€5,209 | +9.7% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.2% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.2% |
| Financial charges | 65/66B | €771 | €854 | +€83 | +10.8% |
| Recurring financial charges | 65 | €771 | €854 | +€83 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €52,932 | €58,046 | +€5,113 | +9.7% |
| Income taxes | 67/77 | €13,396 | €14,724 | +€1,328 | +9.9% |
| Profit (loss) for the period | 9904 | €39,536 | €43,322 | +€3,786 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,536 | €43,322 | +€3,786 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.