COKELBERGH: 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.
COKELBERGH
Largest movements
- Cash +€25,720
up €25,720 (+16.7%), from €154,300 to €180,020
mainly Receivables within one year (+€19,114) and Net result for the year (+€17,266)
- Receivables within one year -€19,114
down €19,114 (-80.1%), from €23,850 to €4,736
of which Trade receivables: -€19,583
- Tangible fixed assets -€13,837
down €13,837 (-44.7%), from €30,962 to €17,125
of which Plant, machinery and equipment: -€9,539
- Other debts -€20,941
down €20,941 (-90.4%), from €23,165 to €2,224
- Reserves +€16,000
up €16,000 (+10.0%), from €160,000 to €176,000
- Trade debts -€5,960
down €5,960 (-92.2%), from €6,461 to €501
- Tax, wage and social debts +€3,444
up €3,444 (+25.3%), from €13,590 to €17,034
of which Taxes: +€6,170
- Staff costs -€61,433
down €61,433 (-43.4%), from €141,539 to €80,106
- Gross operating margin -€51,187
down €51,187 (-28.4%), from €180,313 to €129,125
- Other operating charges +€10,330
up €10,330 (+546.2%), from €1,891 to €12,221
- Depreciation -€4,341
down €4,341 (-28.5%), from €15,253 to €10,913
- Taxes +€2,376
up €2,376 (+35.8%), from €6,633 to €9,009
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 | €214,900 | €208,708 | -€6,191 | -2.9% |
| Fixed assets | 21/28 | €34,932 | €21,105 | -€13,827 | -39.6% |
| Tangible fixed assets | 22/27 | €30,962 | €17,125 | -€13,837 | -44.7% |
| Plant, machinery and equipment | 23 | €24,757 | €15,217 | -€9,539 | -38.5% |
| Furniture and vehicles | 24 | €6,205 | €1,908 | -€4,297 | -69.3% |
| Financial fixed assets | 28 | €3,970 | €3,980 | +€10 | +0.3% |
| Current assets | 29/58 | €179,968 | €187,603 | +€7,635 | +4.2% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,850 | €4,736 | -€19,114 | -80.1% |
| Trade receivables | 40 | €23,850 | €4,267 | -€19,583 | -82.1% |
| Other amounts receivable | 41 | - | €469 | +€469 | |
| Cash at bank and in hand | 54/58 | €154,300 | €180,020 | +€25,720 | +16.7% |
| Deferred charges and accrued income | 490/1 | €568 | €1,598 | +€1,029 | +181.2% |
| Total equity and liabilities | 10/49 | €214,900 | €208,708 | -€6,191 | -2.9% |
| Equity | 10/15 | €171,684 | €188,950 | +€17,266 | +10.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €160,000 | €176,000 | +€16,000 | +10.0% |
| Distributable reserves | 133 | €160,000 | €176,000 | +€16,000 | +10.0% |
| Profit (loss) carried forward | 14 | €3,624 | €4,890 | +€1,266 | +34.9% |
| Amounts payable | 17/49 | €43,215 | €19,758 | -€23,457 | -54.3% |
| Amounts payable within one year | 42/48 | €43,215 | €19,758 | -€23,457 | -54.3% |
| Trade debts | 44 | €6,461 | €501 | -€5,960 | -92.2% |
| Suppliers | 440/4 | €6,461 | €501 | -€5,960 | -92.2% |
| Taxes, remuneration and social security | 45 | €13,590 | €17,034 | +€3,444 | +25.3% |
| Taxes | 450/3 | €9,604 | €15,774 | +€6,170 | +64.2% |
| Remuneration and social security | 454/9 | €3,986 | €1,260 | -€2,726 | -68.4% |
| Other amounts payable | 47/48 | €23,165 | €2,224 | -€20,941 | -90.4% |
| Remuneration, social security and pensions | 62 | €141,539 | €80,106 | -€61,433 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,253 | €10,913 | -€4,341 | -28.5% |
| Other operating charges | 640/8 | €1,891 | €12,221 | +€10,330 | +546.2% |
| Gross operating margin | 9900 | €180,313 | €129,125 | -€51,187 | -28.4% |
| Operating profit (loss) | 9901 | €21,629 | €25,885 | +€4,256 | +19.7% |
| Financial income | 75/76B | €734 | €513 | -€221 | -30.1% |
| Recurring financial income | 75 | €187 | €30 | -€158 | -84.1% |
| Non-recurring financial income | 76B | €547 | €483 | -€63 | -11.6% |
| Financial charges | 65/66B | €1,366 | €123 | -€1,243 | -91.0% |
| Recurring financial charges | 65 | €1,197 | €123 | -€1,073 | -89.7% |
| Non-recurring financial charges | 66B | €169 | - | -€169 | |
| Profit (loss) for the period before taxes | 9903 | €20,997 | €26,275 | +€5,278 | +25.1% |
| Income taxes | 67/77 | €6,633 | €9,009 | +€2,376 | +35.8% |
| Profit (loss) for the period | 9904 | €14,364 | €17,266 | +€2,902 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,364 | €17,266 | +€2,902 | +20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.