COOREMAN: 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.
COOREMAN
Largest movements
- Receivables within one year +€39,077
up €39,077 (+181.3%), from €21,555 to €60,632
of which Trade receivables: +€39,077
- Cash -€19,921
down €19,921 (-67.0%), from €29,747 to €9,826
mainly Investment in fixed assets (net) (-€81,629) and Receivables within one year (-€39,077)
- Tangible fixed assets +€17,834
up €17,834 (+1.5%), from €1.2m to €1.2m
of which Land and buildings: +€18,618
- Other debts +€78,535
up €78,535 (+11.3%), from €693,937 to €772,472
- Debts after one year -€38,094
down €38,094 (-13.0%), from €292,813 to €254,719
- Profit (loss) carried forward -€24,818
down €24,818 (-61.2%), from €40,551 to €15,733
- Trade debts +€19,547
up €19,547 (+94.1%), from €20,768 to €40,316
- Gross operating margin -€13,369
down €13,369 (-22.5%), from €59,546 to €46,176
- Depreciation +€2,269
up €2,269 (+3.7%), from €61,525 to €63,795
- Financial charges -€852
down €852 (-14.7%), from €5,803 to €4,950
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 | €1,267,405 | €1,304,395 | +€36,990 | +2.9% |
| Fixed assets | 21/28 | €1,216,104 | €1,233,938 | +€17,834 | +1.5% |
| Tangible fixed assets | 22/27 | €1,216,104 | €1,233,938 | +€17,834 | +1.5% |
| Land and buildings | 22 | €1,214,535 | €1,233,154 | +€18,618 | +1.5% |
| Furniture and vehicles | 24 | €1,568 | €784 | -€784 | -50.0% |
| Current assets | 29/58 | €51,301 | €70,457 | +€19,156 | +37.3% |
| Amounts receivable within one year | 40/41 | €21,555 | €60,632 | +€39,077 | +181.3% |
| Trade receivables | 40 | €21,063 | €60,140 | +€39,077 | +185.5% |
| Other amounts receivable | 41 | €492 | €492 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,747 | €9,826 | -€19,921 | -67.0% |
| Total equity and liabilities | 10/49 | €1,267,405 | €1,304,395 | +€36,990 | +2.9% |
| Equity | 10/15 | €213,511 | €188,693 | -€24,818 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,360 | €154,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,241 | €19,241 | = | 0.0% |
| Distributable reserves | 133 | €135,120 | €135,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,551 | €15,733 | -€24,818 | -61.2% |
| Amounts payable | 17/49 | €1,053,894 | €1,115,702 | +€61,809 | +5.9% |
| Amounts payable after more than one year | 17 | €292,813 | €254,719 | -€38,094 | -13.0% |
| Financial debts | 170/4 | €292,813 | €254,719 | -€38,094 | -13.0% |
| Amounts payable within one year | 42/48 | €761,081 | €860,983 | +€99,903 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €38,708 | €38,908 | +€200 | +0.5% |
| Trade debts | 44 | €20,768 | €40,316 | +€19,547 | +94.1% |
| Suppliers | 440/4 | €20,768 | €40,316 | +€19,547 | +94.1% |
| Advances received on contracts in progress | 46 | - | €4,331 | +€4,331 | |
| Taxes, remuneration and social security | 45 | €7,667 | €4,956 | -€2,711 | -35.4% |
| Taxes | 450/3 | €7,667 | €4,956 | -€2,711 | -35.4% |
| Other amounts payable | 47/48 | €693,937 | €772,472 | +€78,535 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,525 | €63,795 | +€2,269 | +3.7% |
| Other operating charges | 640/8 | €1,825 | €2,250 | +€424 | +23.2% |
| Gross operating margin | 9900 | €59,546 | €46,176 | -€13,369 | -22.5% |
| Operating profit (loss) | 9901 | -€3,805 | -€19,868 | -€16,063 | -422.2% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €5,803 | €4,950 | -€852 | -14.7% |
| Recurring financial charges | 65 | €5,803 | €4,950 | -€852 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,603 | -€24,818 | -€15,215 | -158.4% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€9,605 | -€24,818 | -€15,214 | -158.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,605 | -€24,818 | -€15,214 | -158.4% |
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 7 October 2026 via checked.be.