Cooreman Frank: 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 Frank
Largest movements
- Current investments +€502,099
up €502,099 (+4,238%), from €11,848 to €513,947
- Cash +€67,429
up €67,429 (+257%), from €26,218 to €93,647
mainly Net result for the year (+€588,588) and Tax, wage and social debts (+€33,702)
- Financial fixed assets +€50,000
up €50,000 (+9.6%), from €522,500 to €572,500
- Receivables within one year +€35,119
up €35,119 (+128%), from €27,525 to €62,644
of which Other amounts receivable: +€25,107
- Reserves +€588,588
up €588,588 (+344%), from €171,138 to €759,726
- Tax, wage and social debts +€33,702
up €33,702 (+103%), from €32,773 to €66,475
- Trade debts +€25,284
up €25,284 (+235%), from €10,746 to €36,030
- Financial income +€610,191
up €610,191 (+1,081%), from €56,460 to €666,651
- Gross operating margin -€52,788
down €52,788, from €44,945 to -€7,843
- Taxes +€41,505
up €41,505 (+238%), from €17,472 to €58,977
- Depreciation +€1,507
up €1,507 (+94.5%), from €1,595 to €3,101
- Financial charges +€1,468
up €1,468 (+205%), from €718 to €2,186
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,824 | €1,252,313 | +€647,489 | +107% |
| Fixed assets | 21/28 | €533,650 | €575,270 | +€41,620 | +7.8% |
| Tangible fixed assets | 22/27 | €11,150 | €2,770 | -€8,380 | -75.2% |
| Plant, machinery and equipment | 23 | €10,000 | €2,534 | -€7,466 | -74.7% |
| Other tangible fixed assets | 26 | €1,150 | €236 | -€914 | -79.5% |
| Financial fixed assets | 28 | €522,500 | €572,500 | +€50,000 | +9.6% |
| Current assets | 29/58 | €71,174 | €677,043 | +€605,869 | +851% |
| Amounts receivable within one year | 40/41 | €27,525 | €62,644 | +€35,119 | +128% |
| Trade receivables | 40 | €5,113 | €15,125 | +€10,012 | +196% |
| Other amounts receivable | 41 | €22,412 | €47,519 | +€25,107 | +112% |
| Current investments | 50/53 | €11,848 | €513,947 | +€502,099 | +4,238% |
| Cash at bank and in hand | 54/58 | €26,218 | €93,647 | +€67,429 | +257% |
| Deferred charges and accrued income | 490/1 | €5,583 | €6,806 | +€1,223 | +21.9% |
| Total equity and liabilities | 10/49 | €604,824 | €1,252,313 | +€647,489 | +107% |
| Equity | 10/15 | €561,220 | €1,149,808 | +€588,588 | +105% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,138 | €759,726 | +€588,588 | +344% |
| Distributable reserves | 133 | €171,138 | €759,726 | +€588,588 | +344% |
| Profit (loss) carried forward | 14 | €383,882 | €383,882 | = | 0.0% |
| Amounts payable | 17/49 | €43,604 | €102,505 | +€58,900 | +135% |
| Amounts payable within one year | 42/48 | €43,604 | €102,505 | +€58,900 | +135% |
| Trade debts | 44 | €10,746 | €36,030 | +€25,284 | +235% |
| Suppliers | 440/4 | €10,746 | €36,030 | +€25,284 | +235% |
| Taxes, remuneration and social security | 45 | €32,773 | €66,475 | +€33,702 | +103% |
| Taxes | 450/3 | €32,773 | €66,475 | +€33,702 | +103% |
| Other amounts payable | 47/48 | €85 | - | -€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €3,101 | +€1,507 | +94.5% |
| Other operating charges | 640/8 | €660 | €676 | +€17 | +2.5% |
| Non-recurring operating charges | 66A | - | €5,279 | +€5,279 | |
| Gross operating margin | 9900 | €44,945 | -€7,843 | -€52,788 | |
| Operating profit (loss) | 9901 | €42,690 | -€16,900 | -€59,590 | |
| Financial income | 75/76B | €56,460 | €666,651 | +€610,191 | +1,081% |
| Recurring financial income | 75 | €56,460 | €666,651 | +€610,191 | +1,081% |
| Financial charges | 65/66B | €718 | €2,186 | +€1,468 | +205% |
| Recurring financial charges | 65 | €718 | €2,186 | +€1,468 | +205% |
| Profit (loss) for the period before taxes | 9903 | €98,432 | €647,565 | +€549,133 | +558% |
| Income taxes | 67/77 | €17,472 | €58,977 | +€41,505 | +238% |
| Profit (loss) for the period | 9904 | €80,961 | €588,588 | +€507,628 | +627% |
| Profit (loss) for the period to be appropriated | 9905 | €80,961 | €588,588 | +€507,628 | +627% |
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 20 October 2026 via checked.be.