COOREMAN D.: 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 D.
Largest movements
- Tangible fixed assets -€62,838
down €62,838 (-18.3%), from €342,692 to €279,853
of which Land and buildings: -€54,087
- Deferred charges and accrued income -€43,416
down €43,416 (-92.1%), from €47,159 to €3,743
- Stocks and contracts +€37,531
up €37,531 (+45.9%), from €81,854 to €119,385
- Cash -€29,158
down €29,158 (-7.7%), from €379,741 to €350,583
- Receivables within one year -€13,100
down €13,100 (-10.4%), from €125,861 to €112,760
of which Other amounts receivable: -€20,466
- Debts after one year -€159,468
down €159,468 (-64.4%), from €247,545 to €88,077
- Reserves +€122,348
up €122,348 (+34.2%), from €357,977 to €480,325
of which Distributable reserves: +€136,708
- Trade debts -€33,075
down €33,075 (-37.8%), from €87,453 to €54,378
- Other debts -€26,784
down €26,784 (-38.6%), from €69,387 to €42,603
- Tax, wage and social debts -€17,813
down €17,813 (-34.0%), from €52,454 to €34,641
of which Taxes: -€14,701
- Gross operating margin -€21,870
down €21,870 (-8.0%), from €272,828 to €250,958
- Staff costs +€15,491
up €15,491 (+24.1%), from €64,329 to €79,820
- Taxes -€9,480
down €9,480 (-18.0%), from €52,807 to €43,327
From the 2022 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €977,306 | €866,324 | -€110,982 | -11.4% |
| Fixed assets | 21/28 | €342,692 | €279,853 | -€62,838 | -18.3% |
| Tangible fixed assets | 22/27 | €342,692 | €279,853 | -€62,838 | -18.3% |
| Land and buildings | 22 | €315,311 | €261,224 | -€54,087 | -17.2% |
| Plant, machinery and equipment | 23 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €27,328 | €18,629 | -€8,699 | -31.8% |
| Current assets | 29/58 | €634,614 | €586,471 | -€48,144 | -7.6% |
| Stocks and contracts in progress | 3 | €81,854 | €119,385 | +€37,531 | +45.9% |
| Stocks | 30/36 | €81,854 | €119,385 | +€37,531 | +45.9% |
| Amounts receivable within one year | 40/41 | €125,861 | €112,760 | -€13,100 | -10.4% |
| Trade receivables | 40 | €89,598 | €96,964 | +€7,366 | +8.2% |
| Other amounts receivable | 41 | €36,263 | €15,796 | -€20,466 | -56.4% |
| Cash at bank and in hand | 54/58 | €379,741 | €350,583 | -€29,158 | -7.7% |
| Deferred charges and accrued income | 490/1 | €47,159 | €3,743 | -€43,416 | -92.1% |
| Total equity and liabilities | 10/49 | €977,306 | €866,324 | -€110,982 | -11.4% |
| Equity | 10/15 | €503,442 | €625,791 | +€122,348 | +24.3% |
| Contributions | 10/11 | €131,200 | €131,200 | = | 0.0% |
| Reserves | 13 | €357,977 | €480,325 | +€122,348 | +34.2% |
| Non-distributable reserves | 130/1 | €14,360 | - | -€14,360 | |
| Reserves not available under the articles | 1311 | €14,360 | - | -€14,360 | |
| Distributable reserves | 133 | €343,617 | €480,325 | +€136,708 | +39.8% |
| Profit (loss) carried forward | 14 | €14,265 | €14,265 | = | 0.0% |
| Amounts payable | 17/49 | €473,864 | €240,534 | -€233,330 | -49.2% |
| Amounts payable after more than one year | 17 | €247,545 | €88,077 | -€159,468 | -64.4% |
| Financial debts | 170/4 | €247,545 | €88,077 | -€159,468 | -64.4% |
| Amounts payable within one year | 42/48 | €226,318 | €152,456 | -€73,862 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €14,573 | €15,309 | +€736 | +5.0% |
| Trade debts | 44 | €87,453 | €54,378 | -€33,075 | -37.8% |
| Suppliers | 440/4 | €87,453 | €54,378 | -€33,075 | -37.8% |
| Advances received on contracts in progress | 46 | €2,451 | €5,525 | +€3,074 | +125.4% |
| Taxes, remuneration and social security | 45 | €52,454 | €34,641 | -€17,813 | -34.0% |
| Taxes | 450/3 | €38,969 | €24,267 | -€14,701 | -37.7% |
| Remuneration and social security | 454/9 | €13,486 | €10,373 | -€3,112 | -23.1% |
| Other amounts payable | 47/48 | €69,387 | €42,603 | -€26,784 | -38.6% |
| Remuneration, social security and pensions | 62 | €64,329 | €79,820 | +€15,491 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,343 | €33,760 | -€2,583 | -7.1% |
| Other operating charges | 640/8 | €3,235 | €4,205 | +€970 | +30.0% |
| Gross operating margin | 9900 | €272,828 | €250,958 | -€21,870 | -8.0% |
| Operating profit (loss) | 9901 | €168,921 | €133,173 | -€35,748 | -21.2% |
| Financial income | 75/76B | €3 | €1,554 | +€1,551 | +56410.5% |
| Recurring financial income | 75 | €3 | €1,554 | +€1,551 | +56410.5% |
| Financial charges | 65/66B | €6,731 | €7,327 | +€596 | +8.9% |
| Recurring financial charges | 65 | €6,731 | €7,327 | +€596 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €162,192 | €127,399 | -€34,793 | -21.5% |
| Income taxes | 67/77 | €52,807 | €43,327 | -€9,480 | -18.0% |
| Profit (loss) for the period | 9904 | €109,385 | €84,072 | -€25,313 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,385 | €84,072 | -€25,313 | -23.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.