CORONADO: 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.
CORONADO
Largest movements
- Stocks and contracts +€342,386
up €342,386 (+43.7%), from €783,931 to €1.1m
- Receivables within one year -€36,509
down €36,509 (-44.4%), from €82,276 to €45,767
of which Trade receivables: -€28,576
- Current investments -€23,009
no longer reported in 2025 (was €23,009)
- Cash +€22,935
up €22,935 (+17.7%), from €129,706 to €152,641
mainly Short-term financial debts (+€427,638) and Other debts (+€68,784)
- Short-term financial debts +€427,638
up €427,638 (+59.3%), from €721,553 to €1.1m
- Profit (loss) carried forward -€162,807
down €162,807 (-31.8%), from -€512,575 to -€675,381
- Other debts +€68,784
up €68,784 (+8.9%), from €770,329 to €839,114
- Tax, wage and social debts -€23,425
down €23,425 (-74.9%), from €31,283 to €7,858
of which Remuneration and social security: -€28,953
- Gross operating margin -€60,288
down €60,288 (-203.1%), from -€29,690 to -€89,978
- Financial charges -€19,535
down €19,535 (-22.2%), from €88,065 to €68,530
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 | €1,425,453 | €1,737,827 | +€312,374 | +21.9% |
| Fixed assets | 21/28 | €406,531 | €405,226 | -€1,304 | -0.3% |
| Tangible fixed assets | 22/27 | €3,678 | €2,374 | -€1,304 | -35.5% |
| Furniture and vehicles | 24 | €3,678 | €2,374 | -€1,304 | -35.5% |
| Financial fixed assets | 28 | €402,852 | €402,852 | = | 0.0% |
| Current assets | 29/58 | €1,018,922 | €1,332,600 | +€313,678 | +30.8% |
| Stocks and contracts in progress | 3 | €783,931 | €1,126,317 | +€342,386 | +43.7% |
| Stocks | 30/36 | €783,931 | €1,126,317 | +€342,386 | +43.7% |
| Amounts receivable within one year | 40/41 | €82,276 | €45,767 | -€36,509 | -44.4% |
| Trade receivables | 40 | €63,644 | €35,068 | -€28,576 | -44.9% |
| Other amounts receivable | 41 | €18,632 | €10,699 | -€7,932 | -42.6% |
| Current investments | 50/53 | €23,009 | - | -€23,009 | |
| Cash at bank and in hand | 54/58 | €129,706 | €152,641 | +€22,935 | +17.7% |
| Deferred charges and accrued income | 490/1 | - | €7,875 | +€7,875 | |
| Total equity and liabilities | 10/49 | €1,425,453 | €1,737,827 | +€312,374 | +21.9% |
| Equity | 10/15 | -€100,762 | -€263,569 | -€162,807 | -161.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €391,361 | €391,361 | = | 0.0% |
| Distributable reserves | 133 | €391,361 | €391,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€512,575 | -€675,381 | -€162,807 | -31.8% |
| Amounts payable | 17/49 | €1,526,215 | €2,001,396 | +€475,181 | +31.1% |
| Amounts payable within one year | 42/48 | €1,526,215 | €2,001,396 | +€475,181 | +31.1% |
| Financial debts | 43 | €721,553 | €1,149,191 | +€427,638 | +59.3% |
| Credit institutions | 430/8 | €721,553 | €1,149,191 | +€427,638 | +59.3% |
| Trade debts | 44 | €3,050 | €5,233 | +€2,183 | +71.6% |
| Suppliers | 440/4 | €3,050 | €5,233 | +€2,183 | +71.6% |
| Taxes, remuneration and social security | 45 | €31,283 | €7,858 | -€23,425 | -74.9% |
| Taxes | 450/3 | - | €5,528 | +€5,528 | |
| Remuneration and social security | 454/9 | €31,283 | €2,330 | -€28,953 | -92.6% |
| Other amounts payable | 47/48 | €770,329 | €839,114 | +€68,784 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,304 | €1,304 | = | 0.0% |
| Other operating charges | 640/8 | €2,454 | €3,286 | +€833 | +33.9% |
| Gross operating margin | 9900 | -€29,690 | -€89,978 | -€60,288 | -203.1% |
| Operating profit (loss) | 9901 | -€33,448 | -€94,568 | -€61,120 | -182.7% |
| Financial income | 75/76B | €220 | €291 | +€70 | +32.0% |
| Recurring financial income | 75 | €220 | €291 | +€70 | +32.0% |
| Financial charges | 65/66B | €88,065 | €68,530 | -€19,535 | -22.2% |
| Recurring financial charges | 65 | €88,065 | €68,530 | -€19,535 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€121,292 | -€162,807 | -€41,515 | -34.2% |
| Profit (loss) for the period | 9904 | -€121,292 | -€162,807 | -€41,515 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,292 | -€162,807 | -€41,515 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.