DE COENE: 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 COENE
Largest movements
- Receivables within one year +€51,370
up €51,370 (+6.2%), from €827,835 to €879,205
of which Other amounts receivable: +€55,908
- Cash +€10,903
up €10,903 (+17.7%), from €61,443 to €72,346
mainly Net result for the year (+€55,436) and Tax, wage and social debts (+€9,051)
- Profit (loss) carried forward +€55,436
up €55,436 (+7.4%), from €753,807 to €809,244
- Gross operating margin +€7,505
up €7,505 (+7.8%), from €96,149 to €103,654
- Taxes +€1,373
up €1,373 (+7.3%), from €18,850 to €20,223
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 | €891,405 | €952,029 | +€60,624 | +6.8% |
| Fixed assets | 21/28 | €1,637 | - | -€1,637 | |
| Financial fixed assets | 28 | €1,637 | - | -€1,637 | |
| Current assets | 29/58 | €889,768 | €952,029 | +€62,261 | +7.0% |
| Amounts receivable within one year | 40/41 | €827,835 | €879,205 | +€51,370 | +6.2% |
| Trade receivables | 40 | €13,165 | €8,626 | -€4,538 | -34.5% |
| Other amounts receivable | 41 | €814,670 | €870,578 | +€55,908 | +6.9% |
| Cash at bank and in hand | 54/58 | €61,443 | €72,346 | +€10,903 | +17.7% |
| Deferred charges and accrued income | 490/1 | €490 | €478 | -€12 | -2.5% |
| Total equity and liabilities | 10/49 | €891,405 | €952,029 | +€60,624 | +6.8% |
| Equity | 10/15 | €782,682 | €838,119 | +€55,436 | +7.1% |
| Contributions | 10/11 | €26,250 | €26,250 | = | 0.0% |
| Reserves | 13 | €2,625 | €2,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,625 | €2,625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,625 | €2,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €753,807 | €809,244 | +€55,436 | +7.4% |
| Provisions and deferred taxes | 16 | €74,081 | €74,081 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €74,081 | €74,081 | = | 0.0% |
| Other liabilities and charges | 164/5 | €74,081 | €74,081 | = | 0.0% |
| Amounts payable | 17/49 | €34,643 | €39,830 | +€5,187 | +15.0% |
| Amounts payable within one year | 42/48 | €33,664 | €39,830 | +€6,166 | +18.3% |
| Financial debts | 43 | €4,598 | - | -€4,598 | |
| Credit institutions | 430/8 | €4,598 | - | -€4,598 | |
| Trade debts | 44 | €5,250 | €6,963 | +€1,713 | +32.6% |
| Suppliers | 440/4 | €5,250 | €6,963 | +€1,713 | +32.6% |
| Taxes, remuneration and social security | 45 | €23,816 | €32,867 | +€9,051 | +38.0% |
| Taxes | 450/3 | €23,816 | €31,674 | +€7,858 | +33.0% |
| Remuneration and social security | 454/9 | - | €1,193 | +€1,193 | |
| Accrued charges and deferred income | 492/3 | €979 | - | -€979 | |
| Remuneration, social security and pensions | 62 | €24,614 | €25,532 | +€918 | +3.7% |
| Other operating charges | 640/8 | €2,332 | €1,764 | -€568 | -24.3% |
| Gross operating margin | 9900 | €96,149 | €103,654 | +€7,505 | +7.8% |
| Operating profit (loss) | 9901 | €69,203 | €76,357 | +€7,155 | +10.3% |
| Financial charges | 65/66B | €438 | €698 | +€260 | +59.5% |
| Recurring financial charges | 65 | €438 | €698 | +€260 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €68,765 | €75,660 | +€6,895 | +10.0% |
| Income taxes | 67/77 | €18,850 | €20,223 | +€1,373 | +7.3% |
| Profit (loss) for the period | 9904 | €49,915 | €55,436 | +€5,522 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,915 | €55,436 | +€5,522 | +11.1% |
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 11 October 2026 via checked.be.