COOREMANS: 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.
COOREMANS
Largest movements
- Cash -€60,967
down €60,967 (-98.2%), from €62,084 to €1,117
mainly Debts after one year (-€66,075) and Net result for the year (-€51,058)
- Intangible fixed assets -€57,580
down €57,580 (-42.7%), from €134,884 to €77,303
- Tangible fixed assets -€32,694
down €32,694 (-6.3%), from €520,079 to €487,384
of which Land and buildings: -€31,658
- Receivables within one year +€9,962
up €9,962 (+62.6%), from €15,905 to €25,867
of which Other amounts receivable: +€8,839
- Debts after one year -€66,075
down €66,075 (-16.3%), from €405,933 to €339,858
- Reserves -€51,058
down €51,058 (-22.7%), from €224,567 to €173,509
of which Distributable reserves: -€48,289
- Current portion of long-term debt -€26,613
down €26,613 (-28.7%), from €92,688 to €66,075
- Trade debts +€15,655
up €15,655 (+198.6%), from €7,882 to €23,536
- Gross operating margin -€48,799
down €48,799 (-24.5%), from €199,468 to €150,669
- Provisions +€25,500
up €25,500, from -€25,500 to €0
- Depreciation -€15,840
down €15,840 (-14.8%), from €107,363 to €91,523
- Staff costs +€3,759
up €3,759 (+4.0%), from €95,045 to €98,804
- Taxes -€3,065
down €3,065 (-85.8%), from €3,570 to €505
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 | €842,134 | €701,317 | -€140,817 | -16.7% |
| Fixed assets | 21/28 | €656,447 | €566,173 | -€90,275 | -13.8% |
| Intangible fixed assets | 21 | €134,884 | €77,303 | -€57,580 | -42.7% |
| Tangible fixed assets | 22/27 | €520,079 | €487,384 | -€32,694 | -6.3% |
| Land and buildings | 22 | €508,797 | €477,139 | -€31,658 | -6.2% |
| Plant, machinery and equipment | 23 | €1,837 | €1,408 | -€429 | -23.4% |
| Furniture and vehicles | 24 | €5,794 | €5,187 | -€607 | -10.5% |
| Other tangible fixed assets | 26 | €3,650 | €3,650 | = | 0.0% |
| Financial fixed assets | 28 | €1,485 | €1,485 | = | 0.0% |
| Current assets | 29/58 | €185,686 | €135,144 | -€50,542 | -27.2% |
| Amounts receivable after more than one year | 29 | €103,481 | €95,765 | -€7,715 | -7.5% |
| Other amounts receivable | 291 | €103,481 | €95,765 | -€7,715 | -7.5% |
| Amounts receivable within one year | 40/41 | €15,905 | €25,867 | +€9,962 | +62.6% |
| Trade receivables | 40 | €8,341 | €9,464 | +€1,123 | +13.5% |
| Other amounts receivable | 41 | €7,564 | €16,403 | +€8,839 | +116.9% |
| Cash at bank and in hand | 54/58 | €62,084 | €1,117 | -€60,967 | -98.2% |
| Deferred charges and accrued income | 490/1 | €4,217 | €12,395 | +€8,179 | +193.9% |
| Total equity and liabilities | 10/49 | €842,134 | €701,317 | -€140,817 | -16.7% |
| Equity | 10/15 | €283,667 | €232,609 | -€51,058 | -18.0% |
| Contributions | 10/11 | €59,100 | €59,100 | = | 0.0% |
| Reserves | 13 | €224,567 | €173,509 | -€51,058 | -22.7% |
| Tax-exempt reserves | 132 | €58,974 | €56,206 | -€2,768 | -4.7% |
| Distributable reserves | 133 | €165,593 | €117,303 | -€48,289 | -29.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €16,609 | €15,687 | -€923 | -5.6% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €16,609 | €15,687 | -€923 | -5.6% |
| Amounts payable | 17/49 | €541,858 | €453,021 | -€88,837 | -16.4% |
| Amounts payable after more than one year | 17 | €405,933 | €339,858 | -€66,075 | -16.3% |
| Financial debts | 170/4 | €405,933 | €339,858 | -€66,075 | -16.3% |
| Amounts payable within one year | 42/48 | €135,924 | €113,163 | -€22,762 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €92,688 | €66,075 | -€26,613 | -28.7% |
| Financial debts | 43 | €856 | €0 | -€856 | -100.0% |
| Other loans | 439 | €856 | €0 | -€856 | -100.0% |
| Trade debts | 44 | €7,882 | €23,536 | +€15,655 | +198.6% |
| Suppliers | 440/4 | €7,882 | €23,536 | +€15,655 | +198.6% |
| Taxes, remuneration and social security | 45 | €29,585 | €22,798 | -€6,787 | -22.9% |
| Taxes | 450/3 | €17,998 | €7,285 | -€10,714 | -59.5% |
| Remuneration and social security | 454/9 | €11,587 | €15,513 | +€3,926 | +33.9% |
| Other amounts payable | 47/48 | €4,913 | €754 | -€4,160 | -84.7% |
| Non-recurring operating income | 76A | €24,654 | €0 | -€24,654 | -100.0% |
| Remuneration, social security and pensions | 62 | €95,045 | €98,804 | +€3,759 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,363 | €91,523 | -€15,840 | -14.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,500 | €0 | +€25,500 | |
| Other operating charges | 640/8 | €4,048 | €4,901 | +€853 | +21.1% |
| Non-recurring operating charges | 66A | €569 | €0 | -€569 | -100.0% |
| Gross operating margin | 9900 | €199,468 | €150,669 | -€48,799 | -24.5% |
| Operating profit (loss) | 9901 | €17,943 | -€44,559 | -€62,502 | |
| Financial income | 75/76B | €4,278 | €3,591 | -€688 | -16.1% |
| Recurring financial income | 75 | €4,278 | €3,591 | -€688 | -16.1% |
| Financial charges | 65/66B | €11,703 | €10,507 | -€1,197 | -10.2% |
| Recurring financial charges | 65 | €11,703 | €10,507 | -€1,197 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €10,518 | -€51,475 | -€61,993 | |
| Transfer from deferred taxes | 780 | €923 | €923 | = | 0.0% |
| Income taxes | 67/77 | €3,570 | €505 | -€3,065 | -85.8% |
| Profit (loss) for the period | 9904 | €7,870 | -€51,058 | -€58,928 | |
| Transfer from tax-exempt reserves | 789 | €2,768 | €2,768 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,639 | -€48,289 | -€58,928 |
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 1 October 2026 via checked.be.