COUDELHO: 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.
What changed
COUDELHO
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,398
2024 · -€6,869+€48,267
Equity
€6,087
2024 · -€35,311+€41,398
Cash
€88,121
2024 · €93,020-€4,898
Balance sheet total
€1.9m
2024 · €1.6m+€218,023
Largest movements
Assets
- Receivables within one year +€270,565
up €270,565 (+136.8%), from €197,818 to €468,383
of which Other amounts receivable: +€185,721
- Tangible fixed assets -€117,028
down €117,028 (-11.1%), from €1.1m to €937,372
of which Plant, machinery and equipment: -€82,011
- Stocks and contracts +€68,722
up €68,722 (+23.8%), from €288,983 to €357,705
Equity and liabilities
- Other debts +€291,580
up €291,580 (+59.1%), from €493,286 to €784,866
- Trade debts -€165,067
down €165,067 (-27.7%), from €595,693 to €430,626
- Debts after one year -€149,343
down €149,343 (-45.7%), from €326,630 to €177,287
- Accrued charges and deferred income +€109,390
new in 2025: €109,390
- Short-term financial debts +€101,073
up €101,073 (+1025.6%), from €9,855 to €110,928
Income statement
- Gross operating margin +€53,145
up €53,145 (+10.0%), from €533,993 to €587,138
- Depreciation +€10,894
up €10,894 (+9.8%), from €111,500 to €122,394
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.
Result 2024
-€6,869
Gross operating margin
+€53,145
Staff costs
+€343
Depreciation
-€10,894
Provisions
+€5,000
Other operating charges
-€530
Financial income
+€278
Financial charges
+€1,189
Taxes
-€265
Result 2025
€41,398
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.
From operations
+€71,904
Investment
-€5,571
Financing
-€71,231
Cash 2024
€93,020
From operations (derived)
+€71,904
Net result for the year
+€41,398
Depreciation
+€122,394
Stocks and contracts
-€68,722
Receivables within one year
-€270,565
Deferred charges and accrued income
-€457
Trade debts
-€165,067
Tax, wage and social debts
+€11,954
Other debts
+€291,580
Accrued charges and deferred income
+€109,390
Investment (derived)
-€5,571
Investment in fixed assets (net)
-€5,571
Financing
-€71,231
Debts after one year
-€149,343
Current portion of long-term debt
-€22,962
Short-term financial debts
+€101,073
Cash 2025
€88,121
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,646,848 | €1,864,871 | +€218,023 | +13.2% |
| Fixed assets | 21/28 | €1,054,470 | €937,647 | -€116,823 | -11.1% |
| Tangible fixed assets | 22/27 | €1,054,400 | €937,372 | -€117,028 | -11.1% |
| Land and buildings | 22 | €555,084 | €521,092 | -€33,992 | -6.1% |
| Plant, machinery and equipment | 23 | €497,839 | €415,829 | -€82,011 | -16.5% |
| Furniture and vehicles | 24 | €1,477 | €452 | -€1,025 | -69.4% |
| Financial fixed assets | 28 | €70 | €275 | +€205 | +292.9% |
| Current assets | 29/58 | €592,378 | €927,224 | +€334,846 | +56.5% |
| Stocks and contracts in progress | 3 | €288,983 | €357,705 | +€68,722 | +23.8% |
| Stocks | 30/36 | €288,983 | €357,705 | +€68,722 | +23.8% |
| Amounts receivable within one year | 40/41 | €197,818 | €468,383 | +€270,565 | +136.8% |
| Trade receivables | 40 | €51,621 | €136,465 | +€84,844 | +164.4% |
| Other amounts receivable | 41 | €146,196 | €331,917 | +€185,721 | +127.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,020 | €88,121 | -€4,898 | -5.3% |
| Deferred charges and accrued income | 490/1 | €7,558 | €8,015 | +€457 | +6.0% |
| Total equity and liabilities | 10/49 | €1,646,848 | €1,864,871 | +€218,023 | +13.2% |
| Equity | 10/15 | -€35,311 | €6,087 | +€41,398 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,311 | -€293,913 | +€41,398 | +12.3% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,677,159 | €1,853,784 | +€176,626 | +10.5% |
| Amounts payable after more than one year | 17 | €326,630 | €177,287 | -€149,343 | -45.7% |
| Financial debts | 170/4 | €326,630 | €177,287 | -€149,343 | -45.7% |
| Amounts payable within one year | 42/48 | €1,350,529 | €1,567,107 | +€216,578 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €176,253 | €153,291 | -€22,962 | -13.0% |
| Financial debts | 43 | €9,855 | €110,928 | +€101,073 | +1025.6% |
| Credit institutions | 430/8 | €9,855 | €110,928 | +€101,073 | +1025.6% |
| Trade debts | 44 | €595,693 | €430,626 | -€165,067 | -27.7% |
| Suppliers | 440/4 | €595,693 | €430,626 | -€165,067 | -27.7% |
| Taxes, remuneration and social security | 45 | €75,442 | €87,396 | +€11,954 | +15.8% |
| Taxes | 450/3 | €9,454 | €23,060 | +€13,607 | +143.9% |
| Remuneration and social security | 454/9 | €65,988 | €64,335 | -€1,653 | -2.5% |
| Other amounts payable | 47/48 | €493,286 | €784,866 | +€291,580 | +59.1% |
| Accrued charges and deferred income | 492/3 | - | €109,390 | +€109,390 | |
| Remuneration, social security and pensions | 62 | €379,622 | €379,279 | -€343 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,500 | €122,394 | +€10,894 | +9.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | €0 | -€5,000 | -100.0% |
| Other operating charges | 640/8 | €16,096 | €16,626 | +€530 | +3.3% |
| Gross operating margin | 9900 | €533,993 | €587,138 | +€53,145 | +10.0% |
| Operating profit (loss) | 9901 | €21,775 | €68,839 | +€47,064 | +216.1% |
| Financial income | 75/76B | €4,859 | €5,137 | +€278 | +5.7% |
| Recurring financial income | 75 | €4,859 | €5,137 | +€278 | +5.7% |
| Financial charges | 65/66B | €33,142 | €31,953 | -€1,189 | -3.6% |
| Recurring financial charges | 65 | €33,142 | €31,953 | -€1,189 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,509 | €42,023 | +€48,532 | |
| Income taxes | 67/77 | €360 | €626 | +€265 | +73.5% |
| Profit (loss) for the period | 9904 | -€6,869 | €41,398 | +€48,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,869 | €41,398 | +€48,267 |
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 30 September 2026 via checked.be.