COYGHEM: 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.
COYGHEM
Largest movements
- Current investments +€1.7m
up €1.7m (+3150.3%), from €53,851 to €1.8m
- Financial fixed assets -€904,332
down €904,332 (-99.8%), from €905,788 to €1,456
- Cash -€76,060
down €76,060 (-50.4%), from €150,964 to €74,904
mainly Current investments (-€1.7m) and Contributions, distributions and other (-€460,532)
- Reserves +€1.1m
up €1.1m (+495.5%), from €222,278 to €1.3m
of which Distributable reserves: +€1.1m
- Contributions -€460,532
down €460,532 (-100.0%), from €460,532 to €0
- Debts after one year -€384,877
down €384,877 (-100.0%), from €384,877 to €0
- Other debts +€351,423
up €351,423 (+1303.5%), from €26,960 to €378,383
- Tax, wage and social debts +€132,464
up €132,464 (+1754.4%), from €7,550 to €140,014
- Financial income +€1.2m
new in 2025: €1.2m
of which Non-recurring financial income: +€1.2m
- Gross operating margin -€188,321
down €188,321 (-79.7%), from €236,143 to €47,822
- Taxes +€65,504
up €65,504 (+98.2%), from €66,724 to €132,228
- Financial charges -€27,377
down €27,377 (-95.1%), from €28,786 to €1,409
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 | €1,112,328 | €1,843,516 | +€731,188 | +65.7% |
| Fixed assets | 21/28 | €905,788 | €1,456 | -€904,332 | -99.8% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €905,788 | €1,456 | -€904,332 | -99.8% |
| Current assets | 29/58 | €206,540 | €1,842,060 | +€1.6m | +791.9% |
| Amounts receivable within one year | 40/41 | €0 | €15,569 | +€15,569 | |
| Trade receivables | 40 | €0 | €15,569 | +€15,569 | |
| Current investments | 50/53 | €53,851 | €1,750,322 | +€1.7m | +3150.3% |
| Cash at bank and in hand | 54/58 | €150,964 | €74,904 | -€76,060 | -50.4% |
| Deferred charges and accrued income | 490/1 | €1,724 | €1,265 | -€459 | -26.6% |
| Total equity and liabilities | 10/49 | €1,112,328 | €1,843,516 | +€731,188 | +65.7% |
| Equity | 10/15 | €682,810 | €1,323,728 | +€640,918 | +93.9% |
| Contributions | 10/11 | €460,532 | €0 | -€460,532 | -100.0% |
| Reserves | 13 | €222,278 | €1,323,728 | +€1.1m | +495.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €222,278 | €1,323,728 | +€1.1m | +495.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €429,518 | €519,788 | +€90,270 | +21.0% |
| Amounts payable after more than one year | 17 | €384,877 | €0 | -€384,877 | -100.0% |
| Other amounts payable | 178/9 | €384,877 | €0 | -€384,877 | -100.0% |
| Amounts payable within one year | 42/48 | €43,633 | €519,788 | +€476,156 | +1091.3% |
| Trade debts | 44 | €9,123 | €1,391 | -€7,732 | -84.8% |
| Suppliers | 440/4 | €9,123 | €1,391 | -€7,732 | -84.8% |
| Taxes, remuneration and social security | 45 | €7,550 | €140,014 | +€132,464 | +1754.4% |
| Taxes | 450/3 | €7,550 | €140,014 | +€132,464 | +1754.4% |
| Other amounts payable | 47/48 | €26,960 | €378,383 | +€351,423 | +1303.5% |
| Accrued charges and deferred income | 492/3 | €1,008 | €0 | -€1,008 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €0 | -€473 | -100.0% |
| Other operating charges | 640/8 | €126 | €1,329 | +€1,203 | +955.0% |
| Gross operating margin | 9900 | €236,143 | €47,822 | -€188,321 | -79.7% |
| Operating profit (loss) | 9901 | €235,544 | €46,493 | -€189,051 | -80.3% |
| Financial income | 75/76B | - | €1,188,594 | +€1.2m | |
| Recurring financial income | 75 | - | €35,320 | +€35,320 | |
| Non-recurring financial income | 76B | - | €1,153,274 | +€1.2m | |
| Financial charges | 65/66B | €28,786 | €1,409 | -€27,377 | -95.1% |
| Recurring financial charges | 65 | €28,786 | €1,409 | -€27,377 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €206,758 | €1,233,678 | +€1.0m | +496.7% |
| Income taxes | 67/77 | €66,724 | €132,228 | +€65,504 | +98.2% |
| Profit (loss) for the period | 9904 | €140,034 | €1,101,450 | +€961,416 | +686.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,034 | €1,101,450 | +€961,416 | +686.6% |
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.