DE COEN SIEN: 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.
DE COEN SIEN
Largest movements
- Tangible fixed assets -€4,882
down €4,882 (-59.0%), from €8,279 to €3,397
- Receivables within one year +€3,529
up €3,529 (+2.7%), from €129,664 to €133,193
of which Other amounts receivable: +€7,282
- Profit (loss) carried forward +€18,318
up €18,318 (+24.3%), from €75,511 to €93,828
- Trade debts -€16,787
down €16,787 (-87.3%), from €19,234 to €2,447
- Tax, wage and social debts +€10,233
up €10,233 (+89.9%), from €11,384 to €21,617
- Debts after one year -€6,355
down €6,355 (-100%), from €6,355 to €0
- Current portion of long-term debt -€3,794
down €3,794 (-37.4%), from €10,149 to €6,355
- Gross operating margin +€7,167
up €7,167 (+26.6%), from €26,896 to €34,064
- Financial income -€5,480
down €5,480 (-100.0%), from €5,481 to €1
- Taxes -€2,695
down €2,695 (-25.1%), from €10,744 to €8,049
- Other operating charges -€2,549
down €2,549 (-83.6%), from €3,048 to €499
- Financial charges +€1,320
up €1,320 (+132%), from €997 to €2,317
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 | €140,700 | €138,507 | -€2,193 | -1.6% |
| Fixed assets | 21/28 | €8,279 | €3,397 | -€4,882 | -59.0% |
| Tangible fixed assets | 22/27 | €8,279 | €3,397 | -€4,882 | -59.0% |
| Furniture and vehicles | 24 | €8,279 | €3,397 | -€4,882 | -59.0% |
| Current assets | 29/58 | €132,422 | €135,110 | +€2,688 | +2.0% |
| Amounts receivable within one year | 40/41 | €129,664 | €133,193 | +€3,529 | +2.7% |
| Trade receivables | 40 | €3,753 | €0 | -€3,753 | -100% |
| Other amounts receivable | 41 | €125,911 | €133,193 | +€7,282 | +5.8% |
| Cash at bank and in hand | 54/58 | €2,758 | €1,917 | -€841 | -30.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €140,700 | €138,507 | -€2,193 | -1.6% |
| Equity | 10/15 | €89,771 | €108,088 | +€18,318 | +20.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €0 | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €75,511 | €93,828 | +€18,318 | +24.3% |
| Amounts payable | 17/49 | €50,930 | €30,419 | -€20,511 | -40.3% |
| Amounts payable after more than one year | 17 | €6,355 | €0 | -€6,355 | -100% |
| Financial debts | 170/4 | €6,355 | €0 | -€6,355 | -100% |
| Amounts payable within one year | 42/48 | €44,575 | €30,419 | -€14,156 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €10,149 | €6,355 | -€3,794 | -37.4% |
| Financial debts | 43 | €2,400 | €0 | -€2,400 | -100% |
| Other loans | 439 | €2,400 | €0 | -€2,400 | -100% |
| Trade debts | 44 | €19,234 | €2,447 | -€16,787 | -87.3% |
| Suppliers | 440/4 | €19,234 | €2,447 | -€16,787 | -87.3% |
| Taxes, remuneration and social security | 45 | €11,384 | €21,617 | +€10,233 | +89.9% |
| Taxes | 450/3 | €11,384 | €21,617 | +€10,233 | +89.9% |
| Other amounts payable | 47/48 | €1,407 | €0 | -€1,407 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,904 | €4,882 | -€22 | -0.5% |
| Other operating charges | 640/8 | €3,048 | €499 | -€2,549 | -83.6% |
| Gross operating margin | 9900 | €26,896 | €34,064 | +€7,167 | +26.6% |
| Operating profit (loss) | 9901 | €18,944 | €28,683 | +€9,739 | +51.4% |
| Financial income | 75/76B | €5,481 | €1 | -€5,480 | -100.0% |
| Recurring financial income | 75 | €5,481 | €1 | -€5,480 | -100.0% |
| Financial charges | 65/66B | €997 | €2,317 | +€1,320 | +132% |
| Recurring financial charges | 65 | €997 | €2,317 | +€1,320 | +132% |
| Profit (loss) for the period before taxes | 9903 | €23,428 | €26,367 | +€2,939 | +12.5% |
| Income taxes | 67/77 | €10,744 | €8,049 | -€2,695 | -25.1% |
| Profit (loss) for the period | 9904 | €12,684 | €18,318 | +€5,634 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,684 | €18,318 | +€5,634 | +44.4% |
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 23 October 2026 via checked.be.