De Coenen Ridder: 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 Coenen Ridder
Largest movements
- Receivables within one year +€19,903
up €19,903 (+310%), from €6,410 to €26,313
of which Trade receivables: +€20,000
- Reserves +€148,122
up €148,122 (+37.2%), from €398,220 to €546,341
- Debts after one year -€94,265
down €94,265 (-6.7%), from €1.4m to €1.3m
of which Financial debts: -€94,265
- Other debts -€30,131
down €30,131 (-85.8%), from €35,131 to €5,000
- Financial income +€12,251
up €12,251 (+20.6%), from €59,548 to €71,799
- Gross operating margin +€6,139
up €6,139 (+5.4%), from €113,212 to €119,351
- Taxes +€2,531
up €2,531 (+12.6%), from €20,129 to €22,660
- Financial charges -€1,858
down €1,858 (-10.4%), from €17,788 to €15,930
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 | €1,932,033 | €1,962,125 | +€30,092 | +1.6% |
| Fixed assets | 21/28 | €1,911,108 | €1,913,992 | +€2,884 | +0.2% |
| Tangible fixed assets | 22/27 | €11,108 | €13,992 | +€2,884 | +26.0% |
| Furniture and vehicles | 24 | - | €4,099 | +€4,099 | |
| Other tangible fixed assets | 26 | €11,108 | €9,894 | -€1,215 | -10.9% |
| Financial fixed assets | 28 | €1,900,000 | €1,900,000 | = | 0.0% |
| Current assets | 29/58 | €20,924 | €48,132 | +€27,208 | +130% |
| Amounts receivable within one year | 40/41 | €6,410 | €26,313 | +€19,903 | +310% |
| Trade receivables | 40 | €5,000 | €25,000 | +€20,000 | +400% |
| Other amounts receivable | 41 | €1,410 | €1,313 | -€98 | -6.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,882 | €21,240 | +€9,358 | +78.8% |
| Deferred charges and accrued income | 490/1 | €2,633 | €580 | -€2,053 | -78.0% |
| Total equity and liabilities | 10/49 | €1,932,033 | €1,962,125 | +€30,092 | +1.6% |
| Equity | 10/15 | €400,720 | €548,841 | +€148,122 | +37.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €398,220 | €546,341 | +€148,122 | +37.2% |
| Distributable reserves | 133 | €398,220 | €546,341 | +€148,122 | +37.2% |
| Amounts payable | 17/49 | €1,531,313 | €1,413,284 | -€118,030 | -7.7% |
| Amounts payable after more than one year | 17 | €1,398,034 | €1,303,769 | -€94,265 | -6.7% |
| Financial debts | 170/4 | €598,034 | €503,769 | -€94,265 | -15.8% |
| Other amounts payable | 178/9 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,279 | €109,514 | -€23,765 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €93,242 | €94,265 | +€1,023 | +1.1% |
| Trade debts | 44 | €449 | €590 | +€140 | +31.2% |
| Suppliers | 440/4 | €449 | €590 | +€140 | +31.2% |
| Taxes, remuneration and social security | 45 | €4,457 | €9,660 | +€5,202 | +117% |
| Taxes | 450/3 | €2,557 | €4,060 | +€1,502 | +58.8% |
| Remuneration and social security | 454/9 | €1,900 | €5,600 | +€3,700 | +195% |
| Other amounts payable | 47/48 | €35,131 | €5,000 | -€30,131 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,035 | €2,116 | +€1,082 | +105% |
| Other operating charges | 640/8 | €2,240 | €2,323 | +€83 | +3.7% |
| Gross operating margin | 9900 | €113,212 | €119,351 | +€6,139 | +5.4% |
| Operating profit (loss) | 9901 | €109,938 | €114,912 | +€4,975 | +4.5% |
| Financial income | 75/76B | €59,548 | €71,799 | +€12,251 | +20.6% |
| Recurring financial income | 75 | €59,548 | €71,799 | +€12,251 | +20.6% |
| Financial charges | 65/66B | €17,788 | €15,930 | -€1,858 | -10.4% |
| Recurring financial charges | 65 | €17,788 | €15,930 | -€1,858 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €151,698 | €170,781 | +€19,084 | +12.6% |
| Income taxes | 67/77 | €20,129 | €22,660 | +€2,531 | +12.6% |
| Profit (loss) for the period | 9904 | €131,569 | €148,122 | +€16,553 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,569 | €148,122 | +€16,553 | +12.6% |
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 22 October 2026 via checked.be.