COO-EE: 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.
COO-EE
Largest movements
- Stocks and contracts +€18,875
up €18,875 (+2.0%), from €961,269 to €980,145
- Tangible fixed assets -€13,140
down €13,140 (-26.9%), from €48,817 to €35,677
of which Land and buildings: -€11,308
- Reserves -€53,464
down €53,464 (-19.2%), from €278,961 to €225,497
- Debts after one year +€51,605
up €51,605 (+243.6%), from €21,180 to €72,784
of which Other amounts payable: +€57,232
- Trade debts +€36,297
up €36,297 (+6.7%), from €542,135 to €578,432
- Tax, wage and social debts -€30,337
down €30,337 (-39.6%), from €76,532 to €46,195
of which Taxes: -€30,792
- Gross operating margin -€44,225
down €44,225 (-13.3%), from €332,727 to €288,502
- Taxes -€13,722
down €13,722 (-76.0%), from €18,044 to €4,323
- Staff costs +€5,675
up €5,675 (+2.7%), from €212,277 to €217,953
- Financial charges -€5,280
down €5,280 (-16.5%), from €31,980 to €26,700
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 | €1,109,588 | €1,113,837 | +€4,250 | +0.4% |
| Fixed assets | 21/28 | €49,497 | €36,357 | -€13,140 | -26.5% |
| Tangible fixed assets | 22/27 | €48,817 | €35,677 | -€13,140 | -26.9% |
| Land and buildings | 22 | €14,234 | €2,926 | -€11,308 | -79.4% |
| Plant, machinery and equipment | 23 | €7,592 | €12,009 | +€4,417 | +58.2% |
| Furniture and vehicles | 24 | €488 | €0 | -€488 | -100.0% |
| Leasing and similar rights | 25 | €26,502 | €20,742 | -€5,760 | -21.7% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €1,060,091 | €1,077,480 | +€17,389 | +1.6% |
| Stocks and contracts in progress | 3 | €961,269 | €980,145 | +€18,875 | +2.0% |
| Stocks | 30/36 | €961,269 | €980,145 | +€18,875 | +2.0% |
| Amounts receivable within one year | 40/41 | €82,578 | €86,206 | +€3,628 | +4.4% |
| Trade receivables | 40 | €72,634 | €66,257 | -€6,377 | -8.8% |
| Other amounts receivable | 41 | €9,944 | €19,949 | +€10,005 | +100.6% |
| Cash at bank and in hand | 54/58 | €12,771 | €4,599 | -€8,173 | -64.0% |
| Deferred charges and accrued income | 490/1 | €3,472 | €6,531 | +€3,059 | +88.1% |
| Total equity and liabilities | 10/49 | €1,109,588 | €1,113,837 | +€4,250 | +0.4% |
| Equity | 10/15 | €297,561 | €244,097 | -€53,464 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,961 | €225,497 | -€53,464 | -19.2% |
| Distributable reserves | 133 | €278,961 | €225,497 | -€53,464 | -19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €812,027 | €869,740 | +€57,713 | +7.1% |
| Amounts payable after more than one year | 17 | €21,180 | €72,784 | +€51,605 | +243.6% |
| Financial debts | 170/4 | €21,180 | €15,552 | -€5,628 | -26.6% |
| Other amounts payable | 178/9 | - | €57,232 | +€57,232 | |
| Amounts payable within one year | 42/48 | €790,847 | €796,956 | +€6,109 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €5,421 | €5,628 | +€207 | +3.8% |
| Financial debts | 43 | €166,715 | €166,702 | -€13 | 0.0% |
| Credit institutions | 430/8 | €166,715 | €166,702 | -€13 | 0.0% |
| Trade debts | 44 | €542,135 | €578,432 | +€36,297 | +6.7% |
| Suppliers | 440/4 | €542,135 | €578,432 | +€36,297 | +6.7% |
| Taxes, remuneration and social security | 45 | €76,532 | €46,195 | -€30,337 | -39.6% |
| Taxes | 450/3 | €52,427 | €21,635 | -€30,792 | -58.7% |
| Remuneration and social security | 454/9 | €24,105 | €24,560 | +€456 | +1.9% |
| Other amounts payable | 47/48 | €45 | €0 | -€45 | -100.0% |
| Remuneration, social security and pensions | 62 | €212,277 | €217,953 | +€5,675 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,955 | €23,008 | +€2,053 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,171 | +€2,171 | |
| Other operating charges | 640/8 | €3,201 | €4,797 | +€1,596 | +49.9% |
| Gross operating margin | 9900 | €332,727 | €288,502 | -€44,225 | -13.3% |
| Operating profit (loss) | 9901 | €96,294 | €40,574 | -€55,720 | -57.9% |
| Financial income | 75/76B | €1,816 | €1,365 | -€451 | -24.8% |
| Recurring financial income | 75 | €1,816 | €1,365 | -€451 | -24.8% |
| Financial charges | 65/66B | €31,980 | €26,700 | -€5,280 | -16.5% |
| Recurring financial charges | 65 | €31,980 | €26,700 | -€5,280 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €66,130 | €15,239 | -€50,891 | -77.0% |
| Income taxes | 67/77 | €18,044 | €4,323 | -€13,722 | -76.0% |
| Profit (loss) for the period | 9904 | €48,086 | €10,917 | -€37,169 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,086 | €10,917 | -€37,169 | -77.3% |
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 2 October 2026 via checked.be.