Coursel: 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.
Coursel
Largest movements
- Receivables within one year -€56,714
down €56,714 (-94.6%), from €59,948 to €3,234
- Stocks and contracts +€6,218
up €6,218 (+228%), from €2,728 to €8,945
- Cash +€5,691
up €5,691 (+18.2%), from €31,212 to €36,903
mainly Receivables within one year (+€56,714) and Depreciation (+€2,700)
- Trade debts -€28,708
down €28,708 (-31.9%), from €90,008 to €61,300
- Profit (loss) carried forward -€16,268
down €16,268 (-718%), from -€2,267 to -€18,535
- Gross operating margin -€40,228
down €40,228, from €27,623 to -€12,605
- Other operating charges -€1,933
down €1,933 (-66.0%), from €2,929 to €996
- Taxes -€801
down €801 (-100%), from €801 to €0
- Financial income +€362
up €362 (+1,812,200%), from €0 to €362
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 | €107,805 | €62,165 | -€45,640 | -42.3% |
| Fixed assets | 21/28 | €13,351 | €12,480 | -€871 | -6.5% |
| Intangible fixed assets | 21 | €578 | €293 | -€286 | -49.4% |
| Tangible fixed assets | 22/27 | €9,773 | €9,187 | -€585 | -6.0% |
| Land and buildings | 22 | - | €1,146 | +€1,146 | |
| Plant, machinery and equipment | 23 | €7,728 | €6,034 | -€1,694 | -21.9% |
| Furniture and vehicles | 24 | €2,044 | €2,007 | -€37 | -1.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €94,454 | €49,686 | -€44,769 | -47.4% |
| Stocks and contracts in progress | 3 | €2,728 | €8,945 | +€6,218 | +228% |
| Stocks | 30/36 | €2,728 | €8,945 | +€6,218 | +228% |
| Amounts receivable within one year | 40/41 | €59,948 | €3,234 | -€56,714 | -94.6% |
| Other amounts receivable | 41 | €59,948 | €3,234 | -€56,714 | -94.6% |
| Cash at bank and in hand | 54/58 | €31,212 | €36,903 | +€5,691 | +18.2% |
| Deferred charges and accrued income | 490/1 | €566 | €603 | +€36 | +6.4% |
| Total equity and liabilities | 10/49 | €107,805 | €62,165 | -€45,640 | -42.3% |
| Equity | 10/15 | €16,333 | €65 | -€16,268 | -99.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,267 | -€18,535 | -€16,268 | -718% |
| Amounts payable | 17/49 | €91,472 | €62,100 | -€29,372 | -32.1% |
| Amounts payable within one year | 42/48 | €91,472 | €62,100 | -€29,372 | -32.1% |
| Trade debts | 44 | €90,008 | €61,300 | -€28,708 | -31.9% |
| Suppliers | 440/4 | €90,008 | €61,300 | -€28,708 | -31.9% |
| Taxes, remuneration and social security | 45 | €801 | €801 | = | 0.0% |
| Taxes | 450/3 | €801 | €801 | = | 0.0% |
| Other amounts payable | 47/48 | €663 | €0 | -€663 | -100% |
| Non-recurring operating income | 76A | €45,000 | €0 | -€45,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,547 | €2,700 | +€153 | +6.0% |
| Other operating charges | 640/8 | €2,929 | €996 | -€1,933 | -66.0% |
| Gross operating margin | 9900 | €27,623 | -€12,605 | -€40,228 | |
| Operating profit (loss) | 9901 | €22,147 | -€16,301 | -€38,447 | |
| Financial income | 75/76B | €0 | €362 | +€362 | +1,812,200% |
| Recurring financial income | 75 | €0 | €362 | +€362 | +1,812,200% |
| Financial charges | 65/66B | €518 | €330 | -€188 | -36.3% |
| Recurring financial charges | 65 | €518 | €330 | -€188 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €21,628 | -€16,268 | -€37,897 | |
| Income taxes | 67/77 | €801 | €0 | -€801 | -100% |
| Profit (loss) for the period | 9904 | €20,827 | -€16,268 | -€37,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,827 | -€16,268 | -€37,096 |
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 17 October 2026 via checked.be.