COORS ASSOCIATION: 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.
COORS ASSOCIATION
Largest movements
- Cash +€16,736
up €16,736 (+136%), from €12,283 to €29,019
mainly Net result for the year (+€30,324) and Depreciation (+€14,598)
- Tangible fixed assets -€14,598
down €14,598 (-4.2%), from €350,365 to €335,768
of which Land and buildings: -€14,301
- Receivables within one year +€7,831
up €7,831 (+53.5%), from €14,648 to €22,480
of which Trade receivables: +€4,873
- Current investments +€5,100
new in 2025: €5,100
- Profit (loss) carried forward +€30,324
up €30,324 (+33.1%), from €91,751 to €122,076
- Debts after one year -€15,679
down €15,679 (-15.3%), from €102,512 to €86,833
- Other debts -€9,000
down €9,000 (-7.0%), from €128,777 to €119,777
- Tax, wage and social debts +€5,657
up €5,657 (+192%), from €2,948 to €8,605
of which Taxes: +€2,865
- Gross operating margin +€15,748
up €15,748 (+31.5%), from €49,928 to €65,676
- Taxes +€3,544
up €3,544 (+56.5%), from €6,269 to €9,813
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 | €381,034 | €394,732 | +€13,699 | +3.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €350,365 | €335,768 | -€14,598 | -4.2% |
| Tangible fixed assets | 22/27 | €350,365 | €335,768 | -€14,598 | -4.2% |
| Land and buildings | 22 | €349,180 | €334,878 | -€14,301 | -4.1% |
| Plant, machinery and equipment | 23 | €1,186 | €889 | -€296 | -25.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €30,668 | €58,965 | +€28,296 | +92.3% |
| Amounts receivable within one year | 40/41 | €14,648 | €22,480 | +€7,831 | +53.5% |
| Trade receivables | 40 | €14,648 | €19,521 | +€4,873 | +33.3% |
| Other amounts receivable | 41 | - | €2,959 | +€2,959 | |
| Current investments | 50/53 | - | €5,100 | +€5,100 | |
| Cash at bank and in hand | 54/58 | €12,283 | €29,019 | +€16,736 | +136% |
| Deferred charges and accrued income | 490/1 | €3,737 | €2,366 | -€1,371 | -36.7% |
| Total equity and liabilities | 10/49 | €381,034 | €394,732 | +€13,699 | +3.6% |
| Equity | 10/15 | €129,083 | €159,407 | +€30,324 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,732 | €18,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,872 | €16,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,751 | €122,076 | +€30,324 | +33.1% |
| Amounts payable | 17/49 | €251,951 | €235,325 | -€16,626 | -6.6% |
| Amounts payable after more than one year | 17 | €102,512 | €86,833 | -€15,679 | -15.3% |
| Financial debts | 170/4 | €102,512 | €86,833 | -€15,679 | -15.3% |
| Amounts payable within one year | 42/48 | €149,439 | €148,492 | -€947 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €15,068 | €15,679 | +€611 | +4.1% |
| Trade debts | 44 | €2,646 | €4,431 | +€1,785 | +67.5% |
| Suppliers | 440/4 | €2,646 | €4,431 | +€1,785 | +67.5% |
| Taxes, remuneration and social security | 45 | €2,948 | €8,605 | +€5,657 | +192% |
| Taxes | 450/3 | €2,948 | €5,813 | +€2,865 | +97.2% |
| Remuneration and social security | 454/9 | - | €2,792 | +€2,792 | |
| Other amounts payable | 47/48 | €128,777 | €119,777 | -€9,000 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,598 | €14,598 | = | 0.0% |
| Other operating charges | 640/8 | €4,876 | €5,013 | +€137 | +2.8% |
| Non-recurring operating charges | 66A | €300 | €328 | +€28 | +9.3% |
| Gross operating margin | 9900 | €49,928 | €65,676 | +€15,748 | +31.5% |
| Operating profit (loss) | 9901 | €30,154 | €45,737 | +€15,583 | +51.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.5% |
| Financial charges | 65/66B | €5,549 | €5,600 | +€52 | +0.9% |
| Recurring financial charges | 65 | €5,549 | €5,600 | +€52 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €24,606 | €40,137 | +€15,531 | +63.1% |
| Income taxes | 67/77 | €6,269 | €9,813 | +€3,544 | +56.5% |
| Profit (loss) for the period | 9904 | €18,337 | €30,324 | +€11,987 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,337 | €30,324 | +€11,987 | +65.4% |
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 29 October 2026 via checked.be.