COORDINATION-PLANIFICATION-MANAGEMENT: 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.
COORDINATION-PLANIFICATION-MANAGEMENT
Largest movements
- Receivables within one year -€76,878
down €76,878 (-25.6%), from €299,994 to €223,115
of which Trade receivables: -€80,676
- Tangible fixed assets -€12,503
down €12,503 (-43.3%), from €28,843 to €16,339
- Trade debts -€65,473
down €65,473 (-91.3%), from €71,701 to €6,228
- Other debts -€40,166
down €40,166 (-85.3%), from €47,091 to €6,925
- Reserves +€33,310
up €33,310 (+18.8%), from €177,219 to €210,529
of which Distributable reserves: +€33,310
- Current portion of long-term debt -€7,850
down €7,850 (-25.5%), from €30,737 to €22,888
- Gross operating margin -€30,061
down €30,061 (-9.7%), from €310,606 to €280,545
- Staff costs +€29,373
up €29,373 (+16.3%), from €179,880 to €209,253
- Taxes -€21,725
down €21,725 (-56.2%), from €38,690 to €16,966
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 | €455,823 | €366,946 | -€88,878 | -19.5% |
| Fixed assets | 21/28 | €33,289 | €19,602 | -€13,688 | -41.1% |
| Intangible fixed assets | 21 | €4,264 | €3,080 | -€1,184 | -27.8% |
| Tangible fixed assets | 22/27 | €28,843 | €16,339 | -€12,503 | -43.3% |
| Furniture and vehicles | 24 | €28,843 | €16,339 | -€12,503 | -43.3% |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €422,534 | €347,344 | -€75,190 | -17.8% |
| Amounts receivable within one year | 40/41 | €299,994 | €223,115 | -€76,878 | -25.6% |
| Trade receivables | 40 | €289,994 | €209,318 | -€80,676 | -27.8% |
| Other amounts receivable | 41 | €10,000 | €13,798 | +€3,798 | +38.0% |
| Cash at bank and in hand | 54/58 | €119,473 | €122,909 | +€3,436 | +2.9% |
| Deferred charges and accrued income | 490/1 | €3,067 | €1,320 | -€1,747 | -57.0% |
| Total equity and liabilities | 10/49 | €455,823 | €366,946 | -€88,878 | -19.5% |
| Equity | 10/15 | €253,966 | €287,276 | +€33,310 | +13.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €177,219 | €210,529 | +€33,310 | +18.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €175,360 | €208,670 | +€33,310 | +19.0% |
| Profit (loss) carried forward | 14 | €70,549 | €70,549 | = | 0.0% |
| Amounts payable | 17/49 | €201,857 | €79,670 | -€122,187 | -60.5% |
| Amounts payable within one year | 42/48 | €197,633 | €79,670 | -€117,963 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €30,737 | €22,888 | -€7,850 | -25.5% |
| Trade debts | 44 | €71,701 | €6,228 | -€65,473 | -91.3% |
| Suppliers | 440/4 | €71,701 | €6,228 | -€65,473 | -91.3% |
| Taxes, remuneration and social security | 45 | €48,105 | €43,630 | -€4,474 | -9.3% |
| Taxes | 450/3 | €21,592 | €13,312 | -€8,281 | -38.4% |
| Remuneration and social security | 454/9 | €26,512 | €30,319 | +€3,807 | +14.4% |
| Other amounts payable | 47/48 | €47,091 | €6,925 | -€40,166 | -85.3% |
| Accrued charges and deferred income | 492/3 | €4,224 | €0 | -€4,224 | -100.0% |
| Remuneration, social security and pensions | 62 | €179,880 | €209,253 | +€29,373 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,139 | €13,688 | +€549 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,000 | +€1,000 | |
| Other operating charges | 640/8 | €1,198 | €2,265 | +€1,066 | +89.0% |
| Non-recurring operating charges | 66A | €580 | €759 | +€179 | +30.9% |
| Gross operating margin | 9900 | €310,606 | €280,545 | -€30,061 | -9.7% |
| Operating profit (loss) | 9901 | €115,809 | €53,581 | -€62,228 | -53.7% |
| Financial income | 75/76B | €0 | €218 | +€218 | |
| Recurring financial income | 75 | €0 | €218 | +€218 | |
| Financial charges | 65/66B | €3,670 | €3,524 | -€146 | -4.0% |
| Recurring financial charges | 65 | €3,670 | €3,524 | -€146 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €112,139 | €50,275 | -€61,864 | -55.2% |
| Income taxes | 67/77 | €38,690 | €16,966 | -€21,725 | -56.2% |
| Profit (loss) for the period | 9904 | €73,449 | €33,310 | -€40,139 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,449 | €33,310 | -€40,139 | -54.6% |
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 3 October 2026 via checked.be.