COONEN GRAPHICS: 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.
COONEN GRAPHICS
Largest movements
- Receivables within one year +€205,161
up €205,161 (+37.6%), from €545,573 to €750,734
of which Trade receivables: +€213,018
- Cash -€155,116
down €155,116 (-39.8%), from €389,495 to €234,378
mainly Contributions, distributions and other (-€677,054) and Receivables within one year (-€205,161)
- Tangible fixed assets -€82,230
down €82,230 (-31.4%), from €261,958 to €179,728
of which Plant, machinery and equipment: -€58,315
- Intangible fixed assets +€15,436
new in 2025: €15,436
- Other debts +€188,509
up €188,509 (+72.1%), from €261,491 to €450,000
- Trade debts -€96,864
down €96,864 (-76.8%), from €126,072 to €29,209
- Profit (loss) carried forward -€82,992
down €82,992 (-14.1%), from €588,653 to €505,661
- Debts after one year -€66,649
down €66,649 (-49.3%), from €135,215 to €68,566
- Accrued charges and deferred income +€22,840
new in 2025: €22,840
- Staff costs +€38,615
up €38,615 (+4.3%), from €899,656 to €938,271
- Gross operating margin +€38,165
up €38,165 (+2.1%), from €1.8m to €1.8m
- Other operating charges -€18,596
down €18,596 (-43.8%), from €42,496 to €23,901
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 | €1,386,445 | €1,374,436 | -€12,009 | -0.9% |
| Fixed assets | 21/28 | €261,958 | €195,163 | -€66,794 | -25.5% |
| Intangible fixed assets | 21 | - | €15,436 | +€15,436 | |
| Tangible fixed assets | 22/27 | €261,958 | €179,728 | -€82,230 | -31.4% |
| Land and buildings | 22 | €24,674 | €24,674 | = | 0.0% |
| Plant, machinery and equipment | 23 | €170,029 | €111,714 | -€58,315 | -34.3% |
| Furniture and vehicles | 24 | €67,255 | €43,340 | -€23,915 | -35.6% |
| Current assets | 29/58 | €1,124,488 | €1,179,272 | +€54,785 | +4.9% |
| Stocks and contracts in progress | 3 | €181,110 | €187,622 | +€6,512 | +3.6% |
| Stocks | 30/36 | €181,110 | €187,622 | +€6,512 | +3.6% |
| Amounts receivable within one year | 40/41 | €545,573 | €750,734 | +€205,161 | +37.6% |
| Trade receivables | 40 | €537,118 | €750,136 | +€213,018 | +39.7% |
| Other amounts receivable | 41 | €8,455 | €599 | -€7,857 | -92.9% |
| Current investments | 50/53 | €1,643 | €1,643 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €389,495 | €234,378 | -€155,116 | -39.8% |
| Deferred charges and accrued income | 490/1 | €6,666 | €4,894 | -€1,772 | -26.6% |
| Total equity and liabilities | 10/49 | €1,386,445 | €1,374,436 | -€12,009 | -0.9% |
| Equity | 10/15 | €656,853 | €576,807 | -€80,046 | -12.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €588,653 | €505,661 | -€82,992 | -14.1% |
| Investment grants | 15 | - | €2,946 | +€2,946 | |
| Amounts payable | 17/49 | €729,592 | €797,629 | +€68,036 | +9.3% |
| Amounts payable after more than one year | 17 | €135,215 | €68,566 | -€66,649 | -49.3% |
| Financial debts | 170/4 | €135,215 | €68,566 | -€66,649 | -49.3% |
| Amounts payable within one year | 42/48 | €594,377 | €706,222 | +€111,845 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €64,785 | €72,118 | +€7,333 | +11.3% |
| Trade debts | 44 | €126,072 | €29,209 | -€96,864 | -76.8% |
| Suppliers | 440/4 | €126,072 | €29,209 | -€96,864 | -76.8% |
| Taxes, remuneration and social security | 45 | €142,029 | €154,895 | +€12,866 | +9.1% |
| Taxes | 450/3 | €46,953 | €53,260 | +€6,308 | +13.4% |
| Remuneration and social security | 454/9 | €95,076 | €101,635 | +€6,559 | +6.9% |
| Other amounts payable | 47/48 | €261,491 | €450,000 | +€188,509 | +72.1% |
| Accrued charges and deferred income | 492/3 | - | €22,840 | +€22,840 | |
| Non-recurring operating income | 76A | €24,066 | €0 | -€24,066 | -100% |
| Remuneration, social security and pensions | 62 | €899,656 | €938,271 | +€38,615 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,908 | €86,694 | +€9,786 | +12.7% |
| Other operating charges | 640/8 | €42,496 | €23,901 | -€18,596 | -43.8% |
| Gross operating margin | 9900 | €1,800,857 | €1,839,022 | +€38,165 | +2.1% |
| Operating profit (loss) | 9901 | €781,797 | €790,157 | +€8,360 | +1.1% |
| Financial income | 75/76B | €13,343 | €23,894 | +€10,551 | +79.1% |
| Recurring financial income | 75 | €13,343 | €23,894 | +€10,551 | +79.1% |
| Financial charges | 65/66B | €2,995 | €7,641 | +€4,646 | +155% |
| Recurring financial charges | 65 | €2,995 | €7,641 | +€4,646 | +155% |
| Profit (loss) for the period before taxes | 9903 | €792,144 | €806,409 | +€14,265 | +1.8% |
| Income taxes | 67/77 | €206,545 | €209,401 | +€2,857 | +1.4% |
| Profit (loss) for the period | 9904 | €585,600 | €597,008 | +€11,408 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €585,600 | €597,008 | +€11,408 | +1.9% |
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 16 October 2026 via checked.be.