COORDINAT-ED: 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.
What changed
COORDINAT-ED
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€304,921
2024 · €50,310+€254,611
Equity
€724,179
2024 · €529,258+€194,921
Cash
€662,094
2024 · €91,686+€570,408
Balance sheet total
€2.9m
2024 · €2.4m+€477,660
Largest movements
Assets
- Cash +€570,408
up €570,408 (+622%), from €91,686 to €662,094
mainly Net result for the year (+€304,921) and Trade debts (+€289,170)
- Financial fixed assets -€51,501
down €51,501 (-28.0%), from €183,794 to €132,294
- Receivables after one year -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
Equity and liabilities
- Trade debts +€289,170
up €289,170 (+37.7%), from €766,587 to €1.1m
- Reserves +€194,921
up €194,921 (+94.8%), from €205,518 to €400,438
of which Distributable reserves: +€194,921
- Debts after one year -€73,651
down €73,651 (-40.0%), from €184,262 to €110,611
- Other debts +€65,250
up €65,250 (+491%), from €13,300 to €78,550
Income statement
- Gross operating margin +€229,905
up €229,905 (+17.6%), from €1.3m to €1.5m
- Taxes +€83,494
up €83,494 (+247%), from €33,759 to €117,253
- Staff costs -€68,842
down €68,842 (-6.3%), from €1.1m to €1.0m
- Financial charges -€19,850
down €19,850 (-29.6%), from €67,108 to €47,259
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.
Result 2024
€50,310
Gross operating margin
+€229,905
Staff costs
+€68,842
Depreciation
+€2,579
Write-downs
+€2,419
Other operating charges
-€74
Other operating items
+€16,054
Financial income
-€1,470
Financial charges
+€19,850
Taxes
-€83,494
Result 2025
€304,921
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€763,677
Investment
+€3,918
Financing
-€197,187
Cash 2024
€91,686
From operations (derived)
+€763,677
Net result for the year
+€304,921
Depreciation
+€49,673
Receivables after one year
+€50,000
Stocks and contracts
-€15,491
Receivables within one year
+€5,646
Deferred charges and accrued income
-€997
Trade debts
+€289,170
Tax, wage and social debts
+€15,505
Other debts
+€65,250
Investment (derived)
+€3,918
Investment in fixed assets (net)
+€3,918
Financing
-€197,187
Debts after one year
-€73,651
Current portion of long-term debt
-€14,036
Short-term financial debts
+€500
Contributions, distributions and other
-€110,000
Cash 2025
€662,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,382,396 | €2,860,056 | +€477,660 | +20.0% |
| Fixed assets | 21/28 | €285,490 | €231,899 | -€53,591 | -18.8% |
| Tangible fixed assets | 22/27 | €101,695 | €99,606 | -€2,090 | -2.1% |
| Plant, machinery and equipment | 23 | €196 | €86 | -€110 | -56.2% |
| Furniture and vehicles | 24 | €101,499 | €99,520 | -€1,980 | -2.0% |
| Financial fixed assets | 28 | €183,794 | €132,294 | -€51,501 | -28.0% |
| Current assets | 29/58 | €2,096,906 | €2,628,156 | +€531,250 | +25.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Other amounts receivable | 291 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Stocks and contracts in progress | 3 | €60,568 | €76,059 | +€15,491 | +25.6% |
| Stocks | 30/36 | €60,568 | €76,059 | +€15,491 | +25.6% |
| Amounts receivable within one year | 40/41 | €1,766,352 | €1,760,705 | -€5,646 | -0.3% |
| Trade receivables | 40 | €1,736,934 | €1,760,705 | +€23,771 | +1.4% |
| Other amounts receivable | 41 | €29,417 | €0 | -€29,417 | -100% |
| Current investments | 50/53 | €6,175 | €6,175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,686 | €662,094 | +€570,408 | +622% |
| Deferred charges and accrued income | 490/1 | €22,126 | €23,124 | +€997 | +4.5% |
| Total equity and liabilities | 10/49 | €2,382,396 | €2,860,056 | +€477,660 | +20.0% |
| Equity | 10/15 | €529,258 | €724,179 | +€194,921 | +36.8% |
| Contributions | 10/11 | €323,741 | €323,741 | = | 0.0% |
| Reserves | 13 | €205,518 | €400,438 | +€194,921 | +94.8% |
| Non-distributable reserves | 130/1 | €20,963 | €20,963 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,963 | €20,963 | = | 0.0% |
| Distributable reserves | 133 | €184,555 | €379,475 | +€194,921 | +106% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,853,138 | €2,135,876 | +€282,739 | +15.3% |
| Amounts payable after more than one year | 17 | €184,262 | €110,611 | -€73,651 | -40.0% |
| Financial debts | 170/4 | €184,262 | €110,611 | -€73,651 | -40.0% |
| Amounts payable within one year | 42/48 | €1,668,875 | €2,025,265 | +€356,390 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €129,938 | €115,903 | -€14,036 | -10.8% |
| Financial debts | 43 | €619,000 | €619,500 | +€500 | +0.1% |
| Credit institutions | 430/8 | €619,000 | €619,500 | +€500 | +0.1% |
| Trade debts | 44 | €766,587 | €1,055,757 | +€289,170 | +37.7% |
| Suppliers | 440/4 | €766,587 | €1,055,757 | +€289,170 | +37.7% |
| Taxes, remuneration and social security | 45 | €140,050 | €155,555 | +€15,505 | +11.1% |
| Taxes | 450/3 | €69,563 | €80,535 | +€10,971 | +15.8% |
| Remuneration and social security | 454/9 | €70,486 | €75,021 | +€4,534 | +6.4% |
| Other amounts payable | 47/48 | €13,300 | €78,550 | +€65,250 | +491% |
| Non-recurring operating income | 76A | €38,781 | €22,029 | -€16,753 | -43.2% |
| Remuneration, social security and pensions | 62 | €1,085,835 | €1,016,994 | -€68,842 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,252 | €49,673 | -€2,579 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,419 | €0 | -€2,419 | -100% |
| Other operating charges | 640/8 | €2,881 | €2,955 | +€74 | +2.6% |
| Non-recurring operating charges | 66A | €16,054 | €0 | -€16,054 | -100% |
| Gross operating margin | 9900 | €1,306,345 | €1,536,250 | +€229,905 | +17.6% |
| Operating profit (loss) | 9901 | €146,904 | €466,629 | +€319,725 | +218% |
| Financial income | 75/76B | €4,273 | €2,804 | -€1,470 | -34.4% |
| Recurring financial income | 75 | €4,273 | €2,804 | -€1,470 | -34.4% |
| Financial charges | 65/66B | €67,108 | €47,259 | -€19,850 | -29.6% |
| Recurring financial charges | 65 | €67,108 | €47,259 | -€19,850 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €84,069 | €422,174 | +€338,105 | +402% |
| Income taxes | 67/77 | €33,759 | €117,253 | +€83,494 | +247% |
| Profit (loss) for the period | 9904 | €50,310 | €304,921 | +€254,611 | +506% |
| Profit (loss) for the period to be appropriated | 9905 | €50,310 | €304,921 | +€254,611 | +506% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.