COOREMAN: 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.
COOREMAN
Largest movements
- Tangible fixed assets -€245,345
down €245,345 (-44.6%), from €549,899 to €304,553
of which Land and buildings: -€198,260
- Current investments +€150,000
up €150,000 (+197.6%), from €75,895 to €225,895
- Cash +€117,264
up €117,264 (+233.6%), from €50,198 to €167,462
mainly Investment in fixed assets (net) (+€189,313) and Depreciation (+€56,033)
- Profit (loss) carried forward +€46,361
up €46,361 (+13.8%), from -€336,869 to -€290,509
- Other debts -€31,715
down €31,715 (-38.3%), from €82,891 to €51,176
- Gross operating margin +€122,058
up €122,058, from -€14,489 to €107,569
- Financial charges +€9,144
up €9,144, from -€3,199 to €5,945
- Depreciation -€9,113
down €9,113 (-14.0%), from €65,146 to €56,033
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 | €681,072 | €703,992 | +€22,920 | +3.4% |
| Fixed assets | 21/28 | €549,948 | €304,603 | -€245,345 | -44.6% |
| Tangible fixed assets | 22/27 | €549,899 | €304,553 | -€245,345 | -44.6% |
| Land and buildings | 22 | €373,648 | €175,389 | -€198,260 | -53.1% |
| Plant, machinery and equipment | 23 | €147,599 | €110,230 | -€37,369 | -25.3% |
| Furniture and vehicles | 24 | €263 | €8 | -€254 | -96.8% |
| Leasing and similar rights | 25 | €28,389 | €18,926 | -€9,463 | -33.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €131,124 | €399,390 | +€268,266 | +204.6% |
| Amounts receivable within one year | 40/41 | €3,751 | €4,704 | +€953 | +25.4% |
| Trade receivables | 40 | €503 | €1,065 | +€562 | +111.8% |
| Other amounts receivable | 41 | €3,248 | €3,639 | +€391 | +12.0% |
| Current investments | 50/53 | €75,895 | €225,895 | +€150,000 | +197.6% |
| Cash at bank and in hand | 54/58 | €50,198 | €167,462 | +€117,264 | +233.6% |
| Deferred charges and accrued income | 490/1 | €1,280 | €1,328 | +€48 | +3.8% |
| Total equity and liabilities | 10/49 | €681,072 | €703,992 | +€22,920 | +3.4% |
| Equity | 10/15 | €418,457 | €464,818 | +€46,361 | +11.1% |
| Contributions | 10/11 | €457,000 | €457,000 | = | 0.0% |
| Reserves | 13 | €298,326 | €298,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,690 | €25,690 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,690 | €25,690 | = | 0.0% |
| Distributable reserves | 133 | €272,636 | €272,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,869 | -€290,509 | +€46,361 | +13.8% |
| Provisions and deferred taxes | 16 | €174,525 | €174,525 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €174,525 | €174,525 | = | 0.0% |
| Pensions and similar obligations | 160 | €174,525 | €174,525 | = | 0.0% |
| Amounts payable | 17/49 | €88,090 | €64,650 | -€23,440 | -26.6% |
| Amounts payable within one year | 42/48 | €84,698 | €58,928 | -€25,770 | -30.4% |
| Trade debts | 44 | €696 | €4,322 | +€3,625 | +520.5% |
| Suppliers | 440/4 | €696 | €4,322 | +€3,625 | +520.5% |
| Taxes, remuneration and social security | 45 | €1,110 | €3,429 | +€2,320 | +209.0% |
| Taxes | 450/3 | €1,110 | €3,429 | +€2,320 | +209.0% |
| Other amounts payable | 47/48 | €82,891 | €51,176 | -€31,715 | -38.3% |
| Accrued charges and deferred income | 492/3 | €3,392 | €5,722 | +€2,329 | +68.7% |
| Non-recurring operating income | 76A | - | €127,158 | +€127,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,146 | €56,033 | -€9,113 | -14.0% |
| Other operating charges | 640/8 | €6,970 | €6,227 | -€743 | -10.7% |
| Gross operating margin | 9900 | -€14,489 | €107,569 | +€122,058 | |
| Operating profit (loss) | 9901 | -€86,605 | €45,309 | +€131,914 | |
| Financial income | 75/76B | €6,318 | €7,298 | +€980 | +15.5% |
| Recurring financial income | 75 | €6,318 | €7,298 | +€980 | +15.5% |
| Financial charges | 65/66B | -€3,199 | €5,945 | +€9,144 | |
| Recurring financial charges | 65 | -€3,199 | €5,945 | +€9,144 | |
| Profit (loss) for the period before taxes | 9903 | -€77,088 | €46,662 | +€123,751 | |
| Income taxes | 67/77 | €286 | €302 | +€16 | +5.6% |
| Profit (loss) for the period | 9904 | -€77,374 | €46,361 | +€123,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,374 | €46,361 | +€123,735 |
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 10 October 2026 via checked.be.