Coureur Brussels: 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.
Coureur Brussels
Largest movements
- Cash -€17,258
down €17,258 (-85.4%), from €20,212 to €2,954
mainly Advances received (-€21,625) and Net result for the year (-€11,071)
- Receivables within one year +€8,293
up €8,293 (+104%), from €7,992 to €16,286
of which Trade receivables: +€4,463
- Stocks and contracts -€6,979
down €6,979 (-4.6%), from €151,955 to €144,976
- Tangible fixed assets -€3,575
down €3,575 (-52.0%), from €6,874 to €3,299
of which Furniture and vehicles: -€2,586
- Advances received -€21,625
down €21,625 (-100%), from €21,625 to €0
- Tax, wage and social debts +€17,012
up €17,012 (+93.4%), from €18,215 to €35,227
of which Taxes: +€16,777
- Profit (loss) carried forward -€11,071
down €11,071 (-12.4%), from €89,539 to €78,469
- Trade debts +€6,650
up €6,650 (+613%), from €1,085 to €7,735
- Current portion of long-term debt -€4,835
down €4,835 (-43.7%), from €11,061 to €6,226
- Gross operating margin -€21,048
down €21,048 (-27.6%), from €76,215 to €55,167
- Taxes -€3,910
down €3,910 (-100%), from €3,910 to €0
- Other operating charges +€3,587
up €3,587 (+926%), from €387 to €3,974
- Staff costs +€2,513
up €2,513 (+5.0%), from €50,213 to €52,726
- Financial charges +€2,146
up €2,146 (+56.2%), from €3,817 to €5,963
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 | €189,834 | €170,315 | -€19,518 | -10.3% |
| Fixed assets | 21/28 | €9,674 | €6,099 | -€3,575 | -37.0% |
| Tangible fixed assets | 22/27 | €6,874 | €3,299 | -€3,575 | -52.0% |
| Plant, machinery and equipment | 23 | €3,107 | €2,118 | -€989 | -31.8% |
| Furniture and vehicles | 24 | €3,767 | €1,181 | -€2,586 | -68.6% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €180,159 | €164,216 | -€15,943 | -8.8% |
| Stocks and contracts in progress | 3 | €151,955 | €144,976 | -€6,979 | -4.6% |
| Stocks | 30/36 | €151,955 | €144,976 | -€6,979 | -4.6% |
| Amounts receivable within one year | 40/41 | €7,992 | €16,286 | +€8,293 | +104% |
| Trade receivables | 40 | €1,732 | €6,196 | +€4,463 | +258% |
| Other amounts receivable | 41 | €6,260 | €10,090 | +€3,830 | +61.2% |
| Cash at bank and in hand | 54/58 | €20,212 | €2,954 | -€17,258 | -85.4% |
| Total equity and liabilities | 10/49 | €189,834 | €170,315 | -€19,518 | -10.3% |
| Equity | 10/15 | €107,539 | €96,469 | -€11,071 | -10.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,539 | €78,469 | -€11,071 | -12.4% |
| Amounts payable | 17/49 | €82,294 | €73,847 | -€8,448 | -10.3% |
| Amounts payable after more than one year | 17 | €356 | €0 | -€356 | -100% |
| Financial debts | 170/4 | €356 | €0 | -€356 | -100% |
| Amounts payable within one year | 42/48 | €81,938 | €73,847 | -€8,092 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €11,061 | €6,226 | -€4,835 | -43.7% |
| Financial debts | 43 | €26,211 | €21,926 | -€4,285 | -16.3% |
| Credit institutions | 430/8 | €26,211 | €21,926 | -€4,285 | -16.3% |
| Trade debts | 44 | €1,085 | €7,735 | +€6,650 | +613% |
| Suppliers | 440/4 | €1,085 | €7,735 | +€6,650 | +613% |
| Advances received on contracts in progress | 46 | €21,625 | €0 | -€21,625 | -100% |
| Taxes, remuneration and social security | 45 | €18,215 | €35,227 | +€17,012 | +93.4% |
| Taxes | 450/3 | €10,665 | €27,442 | +€16,777 | +157% |
| Remuneration and social security | 454/9 | €7,550 | €7,785 | +€235 | +3.1% |
| Other amounts payable | 47/48 | €3,741 | €2,732 | -€1,009 | -27.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,213 | €52,726 | +€2,513 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,461 | €3,575 | +€114 | +3.3% |
| Other operating charges | 640/8 | €387 | €3,974 | +€3,587 | +926% |
| Gross operating margin | 9900 | €76,215 | €55,167 | -€21,048 | -27.6% |
| Operating profit (loss) | 9901 | €22,153 | -€5,108 | -€27,261 | |
| Financial income | 75/76B | €29 | €0 | -€29 | -100% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -100% |
| Financial charges | 65/66B | €3,817 | €5,963 | +€2,146 | +56.2% |
| Recurring financial charges | 65 | €3,817 | €5,963 | +€2,146 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €18,365 | -€11,071 | -€29,436 | |
| Income taxes | 67/77 | €3,910 | €0 | -€3,910 | -100% |
| Profit (loss) for the period | 9904 | €14,456 | -€11,071 | -€25,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,456 | -€11,071 | -€25,526 |
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.