De Coene-Simons: 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-Simons
Largest movements
- Tangible fixed assets -€16,391
down €16,391 (-5.1%), from €324,227 to €307,836
of which Land and buildings: -€20,316
- Stocks and contracts -€9,928
down €9,928 (-50.8%), from €19,552 to €9,624
- Profit (loss) carried forward -€31,560
down €31,560 (-6.8%), from -€463,618 to -€495,177
- Trade debts +€3,735
up €3,735 (+81.1%), from €4,608 to €8,343
- Gross operating margin -€5,150
down €5,150, from €300 to -€4,850
- Other operating charges -€57
down €57 (-1.0%), from €5,659 to €5,601
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 | €351,567 | €322,101 | -€29,466 | -8.4% |
| Fixed assets | 21/28 | €324,227 | €307,836 | -€16,391 | -5.1% |
| Tangible fixed assets | 22/27 | €324,227 | €307,836 | -€16,391 | -5.1% |
| Land and buildings | 22 | €321,156 | €300,840 | -€20,316 | -6.3% |
| Plant, machinery and equipment | 23 | €3,071 | €6,996 | +€3,925 | +128% |
| Current assets | 29/58 | €27,340 | €14,266 | -€13,075 | -47.8% |
| Stocks and contracts in progress | 3 | €19,552 | €9,624 | -€9,928 | -50.8% |
| Stocks | 30/36 | €19,552 | €9,624 | -€9,928 | -50.8% |
| Amounts receivable within one year | 40/41 | €1,785 | €1,689 | -€96 | -5.4% |
| Trade receivables | 40 | €1,772 | €1,689 | -€83 | -4.7% |
| Other amounts receivable | 41 | €12 | €0 | -€12 | -100% |
| Cash at bank and in hand | 54/58 | €6,004 | €2,952 | -€3,051 | -50.8% |
| Total equity and liabilities | 10/49 | €351,567 | €322,101 | -€29,466 | -8.4% |
| Equity | 10/15 | €103,705 | €72,146 | -€31,560 | -30.4% |
| Contributions | 10/11 | €560,482 | €560,482 | = | 0.0% |
| Reserves | 13 | €6,841 | €6,841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €956 | €956 | = | 0.0% |
| Distributable reserves | 133 | €927 | €927 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€463,618 | -€495,177 | -€31,560 | -6.8% |
| Amounts payable | 17/49 | €247,862 | €249,955 | +€2,094 | +0.8% |
| Amounts payable after more than one year | 17 | €235,919 | €235,919 | = | 0.0% |
| Financial debts | 170/4 | €235,919 | €235,919 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,942 | €14,036 | +€2,094 | +17.5% |
| Trade debts | 44 | €4,608 | €8,343 | +€3,735 | +81.1% |
| Suppliers | 440/4 | €4,608 | €8,343 | +€3,735 | +81.1% |
| Taxes, remuneration and social security | 45 | €7,334 | €5,693 | -€1,641 | -22.4% |
| Taxes | 450/3 | €2,334 | €693 | -€1,641 | -70.3% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,823 | €20,839 | +€16 | +0.1% |
| Other operating charges | 640/8 | €5,659 | €5,601 | -€57 | -1.0% |
| Gross operating margin | 9900 | €300 | -€4,850 | -€5,150 | |
| Operating profit (loss) | 9901 | -€26,181 | -€31,290 | -€5,109 | -19.5% |
| Financial charges | 65/66B | €43 | €44 | +€1 | +3.4% |
| Recurring financial charges | 65 | €43 | €44 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,224 | -€31,334 | -€5,111 | -19.5% |
| Income taxes | 67/77 | €222 | €225 | +€3 | +1.4% |
| Profit (loss) for the period | 9904 | -€26,446 | -€31,560 | -€5,114 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,446 | -€31,560 | -€5,114 | -19.3% |
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 16 October 2026 via checked.be.