COYOTE: 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.
COYOTE
Largest movements
- Tangible fixed assets -€29,659
down €29,659 (-3.3%), from €896,956 to €867,297
of which Land and buildings: -€21,796
- Current portion of long-term debt -€52,335
down €52,335 (-43.2%), from €121,235 to €68,899
- Profit (loss) carried forward +€31,818
up €31,818 (+32.0%), from -€99,400 to -€67,582
- Advances received -€22,240
down €22,240 (-32.1%), from €69,359 to €47,119
- Tax, wage and social debts +€21,053
up €21,053 (+241.6%), from €8,715 to €29,768
- Gross operating margin +€19,594
up €19,594 (+29.9%), from €65,567 to €85,161
- Taxes +€6,834
up €6,834 (+166.0%), from €4,116 to €10,950
- Financial charges -€6,692
down €6,692 (-41.9%), from €15,962 to €9,270
- Depreciation -€3,447
down €3,447 (-10.0%), from €34,361 to €30,914
- Financial income +€2,000
new in 2025: €2,000
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 | €898,824 | €869,915 | -€28,909 | -3.2% |
| Fixed assets | 21/28 | €896,956 | €867,297 | -€29,659 | -3.3% |
| Tangible fixed assets | 22/27 | €896,956 | €867,297 | -€29,659 | -3.3% |
| Land and buildings | 22 | €869,375 | €847,579 | -€21,796 | -2.5% |
| Furniture and vehicles | 24 | €27,581 | €19,718 | -€7,863 | -28.5% |
| Current assets | 29/58 | €1,868 | €2,617 | +€750 | +40.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,868 | €2,617 | +€750 | +40.1% |
| Total equity and liabilities | 10/49 | €898,824 | €869,915 | -€28,909 | -3.2% |
| Equity | 10/15 | €339,212 | €371,030 | +€31,818 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €414,298 | €414,298 | = | 0.0% |
| Reserves | 13 | €11,914 | €11,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,054 | €10,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,400 | -€67,582 | +€31,818 | +32.0% |
| Amounts payable | 17/49 | €559,611 | €498,884 | -€60,727 | -10.9% |
| Amounts payable after more than one year | 17 | €118,815 | €118,024 | -€791 | -0.7% |
| Financial debts | 170/4 | €118,815 | €118,024 | -€791 | -0.7% |
| Amounts payable within one year | 42/48 | €440,797 | €380,861 | -€59,936 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €121,235 | €68,899 | -€52,335 | -43.2% |
| Trade debts | 44 | €7,074 | €9,472 | +€2,398 | +33.9% |
| Suppliers | 440/4 | €7,074 | €9,472 | +€2,398 | +33.9% |
| Advances received on contracts in progress | 46 | €69,359 | €47,119 | -€22,240 | -32.1% |
| Taxes, remuneration and social security | 45 | €8,715 | €29,768 | +€21,053 | +241.6% |
| Taxes | 450/3 | €8,715 | €29,768 | +€21,053 | +241.6% |
| Other amounts payable | 47/48 | €234,414 | €225,603 | -€8,811 | -3.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,361 | €30,914 | -€3,447 | -10.0% |
| Other operating charges | 640/8 | €4,709 | €4,209 | -€500 | -10.6% |
| Gross operating margin | 9900 | €65,567 | €85,161 | +€19,594 | +29.9% |
| Operating profit (loss) | 9901 | €26,496 | €50,038 | +€23,541 | +88.8% |
| Financial income | 75/76B | - | €2,000 | +€2,000 | |
| Recurring financial income | 75 | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €15,962 | €9,270 | -€6,692 | -41.9% |
| Recurring financial charges | 65 | €15,962 | €9,270 | -€6,692 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €10,535 | €42,768 | +€32,233 | +306.0% |
| Income taxes | 67/77 | €4,116 | €10,950 | +€6,834 | +166.0% |
| Profit (loss) for the period | 9904 | €6,419 | €31,818 | +€25,399 | +395.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,419 | €31,818 | +€25,399 | +395.7% |
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 8 October 2026 via checked.be.