Côming Management: 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.
Côming Management
Largest movements
- Receivables within one year +€55,713
up €55,713 (+46.6%), from €119,501 to €175,214
of which Trade receivables: +€53,565
- Cash -€54,649
no longer reported in 2025 (was €54,649)
mainly Net result for the year (-€246,817) and Receivables within one year (-€55,713)
- Stocks and contracts -€50,108
down €50,108 (-33.5%), from €149,743 to €99,635
of which Contracts in progress: -€28,000
- Tangible fixed assets -€36,871
down €36,871 (-11.0%), from €336,661 to €299,790
of which Furniture and vehicles: -€21,445
- Profit (loss) carried forward -€246,817
down €246,817, from €115 to -€246,702
- Trade debts +€97,473
up €97,473 (+76.1%), from €128,122 to €225,595
- Other debts +€90,000
new in 2025: €90,000
- Short-term financial debts +€61,231
new in 2025: €61,231
- Debts after one year -€39,455
down €39,455 (-13.5%), from €293,012 to €253,557
- Purchases and services +€1.2m
new in 2025: €1.2m
- Gross operating margin -€302,110
down €302,110, from €176,839 to -€125,271
- Staff costs -€14,990
down €14,990 (-18.4%), from €81,530 to €66,540
- Taxes -€8,365
down €8,365 (-98.0%), from €8,536 to €171
- Financial income +€7,960
up €7,960 (+61.0%), from €13,039 to €20,999
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 | €700,948 | €612,914 | -€88,034 | -12.6% |
| Formation expenses | 20 | €10,948 | €7,295 | -€3,653 | -33.4% |
| Fixed assets | 21/28 | €364,009 | €324,838 | -€39,171 | -10.8% |
| Intangible fixed assets | 21 | €19,257 | €16,957 | -€2,300 | -11.9% |
| Tangible fixed assets | 22/27 | €336,661 | €299,790 | -€36,871 | -11.0% |
| Furniture and vehicles | 24 | €112,295 | €90,851 | -€21,445 | -19.1% |
| Leasing and similar rights | 25 | €28,053 | €18,702 | -€9,351 | -33.3% |
| Other tangible fixed assets | 26 | €196,313 | €190,238 | -€6,075 | -3.1% |
| Financial fixed assets | 28 | €8,091 | €8,091 | = | 0.0% |
| Current assets | 29/58 | €325,991 | €280,780 | -€45,211 | -13.9% |
| Stocks and contracts in progress | 3 | €149,743 | €99,635 | -€50,108 | -33.5% |
| Stocks | 30/36 | €121,743 | €99,635 | -€22,108 | -18.2% |
| Contracts in progress | 37 | €28,000 | - | -€28,000 | |
| Amounts receivable within one year | 40/41 | €119,501 | €175,214 | +€55,713 | +46.6% |
| Trade receivables | 40 | €118,776 | €172,342 | +€53,565 | +45.1% |
| Other amounts receivable | 41 | €725 | €2,872 | +€2,147 | +296.2% |
| Cash at bank and in hand | 54/58 | €54,649 | - | -€54,649 | |
| Deferred charges and accrued income | 490/1 | €2,099 | €5,932 | +€3,833 | +182.6% |
| Total equity and liabilities | 10/49 | €700,948 | €612,914 | -€88,034 | -12.6% |
| Equity | 10/15 | €164,615 | -€82,202 | -€246,817 | |
| Contributions | 10/11 | €106,000 | €106,000 | = | 0.0% |
| Reserves | 13 | €58,500 | €58,500 | = | 0.0% |
| Distributable reserves | 133 | €58,500 | €58,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | -€246,702 | -€246,817 | |
| Amounts payable | 17/49 | €536,333 | €695,116 | +€158,783 | +29.6% |
| Amounts payable after more than one year | 17 | €293,012 | €253,557 | -€39,455 | -13.5% |
| Financial debts | 170/4 | €293,012 | €253,557 | -€39,455 | -13.5% |
| Amounts payable within one year | 42/48 | €243,321 | €441,537 | +€198,215 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €67,130 | €40,325 | -€26,805 | -39.9% |
| Financial debts | 43 | - | €61,231 | +€61,231 | |
| Credit institutions | 430/8 | - | €61,231 | +€61,231 | |
| Trade debts | 44 | €128,122 | €225,595 | +€97,473 | +76.1% |
| Suppliers | 440/4 | €128,122 | €225,595 | +€97,473 | +76.1% |
| Taxes, remuneration and social security | 45 | €48,069 | €24,385 | -€23,683 | -49.3% |
| Taxes | 450/3 | €35,017 | €24,385 | -€10,631 | -30.4% |
| Remuneration and social security | 454/9 | €13,052 | - | -€13,052 | |
| Other amounts payable | 47/48 | - | €90,000 | +€90,000 | |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,184,151 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €81,530 | €66,540 | -€14,990 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,058 | €49,455 | +€3,397 | +7.4% |
| Other operating charges | 640/8 | €7,993 | €7,736 | -€257 | -3.2% |
| Gross operating margin | 9900 | €176,839 | -€125,271 | -€302,110 | |
| Operating profit (loss) | 9901 | €41,258 | -€249,002 | -€290,260 | |
| Financial income | 75/76B | €13,039 | €20,999 | +€7,960 | +61.0% |
| Recurring financial income | 75 | €13,039 | €20,999 | +€7,960 | +61.0% |
| Financial charges | 65/66B | €18,579 | €18,643 | +€65 | +0.3% |
| Recurring financial charges | 65 | €18,579 | €18,643 | +€65 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €35,719 | -€246,646 | -€282,365 | |
| Income taxes | 67/77 | €8,536 | €171 | -€8,365 | -98.0% |
| Profit (loss) for the period | 9904 | €27,183 | -€246,817 | -€274,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,183 | -€246,817 | -€274,000 |
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 9 October 2026 via checked.be.