Coucar: 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.
Coucar
Largest movements
- Receivables within one year +€410,265
up €410,265 (+162.5%), from €252,500 to €662,765
of which Other amounts receivable: +€377,448
- Tangible fixed assets +€368,279
up €368,279 (+13876.4%), from €2,654 to €370,933
of which Land and buildings: +€369,221
- Cash +€115,111
up €115,111 (+404.5%), from €28,456 to €143,567
mainly Net result for the year (+€677,302) and Debts after one year (+€318,053)
- Profit (loss) carried forward +€677,302
up €677,302 (+252.7%), from €268,075 to €945,377
- Debts after one year +€318,053
new in 2025: €318,053
- Other debts -€136,105
no longer reported in 2025 (was €136,105)
- Current portion of long-term debt +€37,251
new in 2025: €37,251
- Financial income +€341,000
up €341,000 (+149.9%), from €227,500 to €568,500
- Gross operating margin +€102,520
up €102,520 (+186.0%), from €55,114 to €157,634
- Taxes +€16,229
up €16,229 (+118.0%), from €13,754 to €29,983
- Other operating charges +€14,405
up €14,405 (+3722.2%), from €387 to €14,792
- Financial charges +€1,970
up €1,970 (+525.3%), from €375 to €2,345
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 | €436,110 | €1,331,278 | +€895,168 | +205.3% |
| Fixed assets | 21/28 | €155,154 | €524,683 | +€369,529 | +238.2% |
| Tangible fixed assets | 22/27 | €2,654 | €370,933 | +€368,279 | +13876.4% |
| Land and buildings | 22 | - | €369,221 | +€369,221 | |
| Furniture and vehicles | 24 | €2,654 | €1,712 | -€942 | -35.5% |
| Financial fixed assets | 28 | €152,500 | €153,750 | +€1,250 | +0.8% |
| Current assets | 29/58 | €280,956 | €806,595 | +€525,639 | +187.1% |
| Amounts receivable within one year | 40/41 | €252,500 | €662,765 | +€410,265 | +162.5% |
| Trade receivables | 40 | - | €32,817 | +€32,817 | |
| Other amounts receivable | 41 | €252,500 | €629,948 | +€377,448 | +149.5% |
| Cash at bank and in hand | 54/58 | €28,456 | €143,567 | +€115,111 | +404.5% |
| Deferred charges and accrued income | 490/1 | - | €263 | +€263 | |
| Total equity and liabilities | 10/49 | €436,110 | €1,331,278 | +€895,168 | +205.3% |
| Equity | 10/15 | €270,575 | €947,877 | +€677,302 | +250.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,075 | €945,377 | +€677,302 | +252.7% |
| Amounts payable | 17/49 | €165,535 | €383,401 | +€217,866 | +131.6% |
| Amounts payable after more than one year | 17 | - | €318,053 | +€318,053 | |
| Financial debts | 170/4 | - | €318,053 | +€318,053 | |
| Amounts payable within one year | 42/48 | €165,085 | €64,298 | -€100,787 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | - | €37,251 | +€37,251 | |
| Trade debts | 44 | €7,824 | €1,422 | -€6,402 | -81.8% |
| Suppliers | 440/4 | €7,824 | €1,422 | -€6,402 | -81.8% |
| Taxes, remuneration and social security | 45 | €21,156 | €25,625 | +€4,469 | +21.1% |
| Taxes | 450/3 | €16,756 | €16,825 | +€69 | +0.4% |
| Remuneration and social security | 454/9 | €4,400 | €8,800 | +€4,400 | +100.0% |
| Other amounts payable | 47/48 | €136,105 | - | -€136,105 | |
| Accrued charges and deferred income | 492/3 | €450 | €1,050 | +€600 | +133.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €1,712 | +€866 | +102.4% |
| Other operating charges | 640/8 | €387 | €14,792 | +€14,405 | +3722.2% |
| Gross operating margin | 9900 | €55,114 | €157,634 | +€102,520 | +186.0% |
| Operating profit (loss) | 9901 | €53,881 | €141,130 | +€87,249 | +161.9% |
| Financial income | 75/76B | €227,500 | €568,500 | +€341,000 | +149.9% |
| Recurring financial income | 75 | €227,500 | €568,500 | +€341,000 | +149.9% |
| Financial charges | 65/66B | €375 | €2,345 | +€1,970 | +525.3% |
| Recurring financial charges | 65 | €375 | €2,345 | +€1,970 | +525.3% |
| Profit (loss) for the period before taxes | 9903 | €281,006 | €707,285 | +€426,279 | +151.7% |
| Income taxes | 67/77 | €13,754 | €29,983 | +€16,229 | +118.0% |
| Profit (loss) for the period | 9904 | €267,252 | €677,302 | +€410,050 | +153.4% |
| Profit (loss) for the period to be appropriated | 9905 | €267,252 | €677,302 | +€410,050 | +153.4% |
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 3 October 2026 via checked.be.