Coup de Poing: 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.
Coup de Poing
Largest movements
- Receivables within one year +€41,842
up €41,842 (+99.7%), from €41,964 to €83,807
of which Trade receivables: +€66,253
- Cash -€41,050
down €41,050 (-42.9%), from €95,706 to €54,656
mainly Net result for the year (-€60,898) and Receivables within one year (-€41,842)
- Stocks and contracts -€21,035
down €21,035 (-21.6%), from €97,291 to €76,256
- Tangible fixed assets -€17,697
down €17,697 (-13.5%), from €131,451 to €113,754
of which Furniture and vehicles: -€10,494
- Profit (loss) carried forward -€60,898
down €60,898, from €40,025 to -€20,873
- Trade debts +€48,383
up €48,383 (+177%), from €27,271 to €75,654
- Debts after one year -€18,859
down €18,859 (-42.2%), from €44,667 to €25,808
- Tax, wage and social debts -€9,394
down €9,394 (-25.3%), from €37,169 to €27,775
of which Remuneration and social security: -€11,081
- Gross operating margin -€29,595
down €29,595 (-38.2%), from €77,527 to €47,932
- Staff costs -€12,311
down €12,311 (-12.7%), from €96,683 to €84,373
- Other operating charges -€2,425
down €2,425 (-34.5%), from €7,023 to €4,599
- Financial charges -€1,111
down €1,111 (-25.3%), from €4,399 to €3,288
- Financial income -€988
down €988 (-46.8%), from €2,114 to €1,126
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 | €368,515 | €329,169 | -€39,346 | -10.7% |
| Fixed assets | 21/28 | €131,550 | €113,853 | -€17,697 | -13.5% |
| Tangible fixed assets | 22/27 | €131,451 | €113,754 | -€17,697 | -13.5% |
| Land and buildings | 22 | €72,413 | €69,381 | -€3,033 | -4.2% |
| Plant, machinery and equipment | 23 | €16,261 | €12,091 | -€4,170 | -25.6% |
| Furniture and vehicles | 24 | €42,776 | €32,282 | -€10,494 | -24.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €236,964 | €215,316 | -€21,649 | -9.1% |
| Stocks and contracts in progress | 3 | €97,291 | €76,256 | -€21,035 | -21.6% |
| Stocks | 30/36 | €97,291 | €76,256 | -€21,035 | -21.6% |
| Amounts receivable within one year | 40/41 | €41,964 | €83,807 | +€41,842 | +99.7% |
| Trade receivables | 40 | €2,551 | €68,804 | +€66,253 | +2,597% |
| Other amounts receivable | 41 | €39,413 | €15,003 | -€24,410 | -61.9% |
| Cash at bank and in hand | 54/58 | €95,706 | €54,656 | -€41,050 | -42.9% |
| Deferred charges and accrued income | 490/1 | €2,003 | €597 | -€1,406 | -70.2% |
| Total equity and liabilities | 10/49 | €368,515 | €329,169 | -€39,346 | -10.7% |
| Equity | 10/15 | €227,040 | €166,142 | -€60,898 | -26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €168,423 | €168,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €166,563 | €166,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,025 | -€20,873 | -€60,898 | |
| Amounts payable | 17/49 | €141,475 | €163,027 | +€21,553 | +15.2% |
| Amounts payable after more than one year | 17 | €44,667 | €25,808 | -€18,859 | -42.2% |
| Financial debts | 170/4 | €44,667 | €25,808 | -€18,859 | -42.2% |
| Amounts payable within one year | 42/48 | €96,707 | €137,220 | +€40,512 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €18,041 | €18,859 | +€818 | +4.5% |
| Trade debts | 44 | €27,271 | €75,654 | +€48,383 | +177% |
| Suppliers | 440/4 | €27,271 | €75,654 | +€48,383 | +177% |
| Taxes, remuneration and social security | 45 | €37,169 | €27,775 | -€9,394 | -25.3% |
| Taxes | 450/3 | €16,887 | €18,574 | +€1,687 | +10.0% |
| Remuneration and social security | 454/9 | €20,282 | €9,200 | -€11,081 | -54.6% |
| Other amounts payable | 47/48 | €14,227 | €14,932 | +€705 | +5.0% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Non-recurring operating income | 76A | €17,066 | - | -€17,066 | |
| Remuneration, social security and pensions | 62 | €96,683 | €84,373 | -€12,311 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,835 | €17,697 | +€862 | +5.1% |
| Other operating charges | 640/8 | €7,023 | €4,599 | -€2,425 | -34.5% |
| Gross operating margin | 9900 | €77,527 | €47,932 | -€29,595 | -38.2% |
| Operating profit (loss) | 9901 | -€43,015 | -€58,737 | -€15,722 | -36.5% |
| Financial income | 75/76B | €2,114 | €1,126 | -€988 | -46.8% |
| Recurring financial income | 75 | €2,114 | €1,126 | -€988 | -46.8% |
| Financial charges | 65/66B | €4,399 | €3,288 | -€1,111 | -25.3% |
| Recurring financial charges | 65 | €4,399 | €3,288 | -€1,111 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,300 | -€60,898 | -€15,599 | -34.4% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€45,300 | -€60,898 | -€15,599 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,300 | -€60,898 | -€15,599 | -34.4% |
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 28 October 2026 via checked.be.