EDOUARD COUTURE: 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.
EDOUARD COUTURE
Largest movements
- Tangible fixed assets -€36,095
down €36,095 (-6.3%), from €575,317 to €539,222
of which Plant, machinery and equipment: -€22,908
- Stocks and contracts +€29,949
up €29,949 (+13.2%), from €226,300 to €256,249
- Cash -€20,926
down €20,926 (-45.7%), from €45,779 to €24,853
mainly Debts after one year (-€63,180) and Stocks and contracts (-€29,949)
- Receivables within one year +€19,698
up €19,698 (+42.6%), from €46,255 to €65,953
- Debts after one year -€63,180
down €63,180 (-85.2%), from €74,176 to €10,997
- Current portion of long-term debt +€29,287
up €29,287 (+1,399%), from €2,093 to €31,380
- Tax, wage and social debts +€17,400
up €17,400 (+67.0%), from €25,955 to €43,355
of which Taxes: +€17,954
- Trade debts +€13,345
up €13,345 (+29.5%), from €45,252 to €58,597
- Staff costs -€23,568
down €23,568 (-14.6%), from €161,259 to €137,692
- Gross operating margin -€15,185
down €15,185 (-8.1%), from €188,608 to €173,423
- Financial income -€11,302
down €11,302 (-49.6%), from €22,803 to €11,501
- Taxes -€4,728
down €4,728 (-81.1%), from €5,828 to €1,100
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 | €900,891 | €895,017 | -€5,874 | -0.7% |
| Fixed assets | 21/28 | €579,726 | €543,631 | -€36,095 | -6.2% |
| Intangible fixed assets | 21 | €4,409 | €4,409 | = | 0.0% |
| Tangible fixed assets | 22/27 | €575,317 | €539,222 | -€36,095 | -6.3% |
| Land and buildings | 22 | €421,270 | €411,407 | -€9,863 | -2.3% |
| Plant, machinery and equipment | 23 | €143,576 | €120,669 | -€22,908 | -16.0% |
| Furniture and vehicles | 24 | €4,380 | €3,650 | -€730 | -16.7% |
| Leasing and similar rights | 25 | €6,091 | €3,496 | -€2,595 | -42.6% |
| Current assets | 29/58 | €321,165 | €351,386 | +€30,221 | +9.4% |
| Stocks and contracts in progress | 3 | €226,300 | €256,249 | +€29,949 | +13.2% |
| Stocks | 30/36 | €226,300 | €256,249 | +€29,949 | +13.2% |
| Amounts receivable within one year | 40/41 | €46,255 | €65,953 | +€19,698 | +42.6% |
| Other amounts receivable | 41 | €46,255 | €65,953 | +€19,698 | +42.6% |
| Cash at bank and in hand | 54/58 | €45,779 | €24,853 | -€20,926 | -45.7% |
| Deferred charges and accrued income | 490/1 | €2,831 | €4,330 | +€1,500 | +53.0% |
| Total equity and liabilities | 10/49 | €900,891 | €895,017 | -€5,874 | -0.7% |
| Equity | 10/15 | €689,399 | €686,576 | -€2,823 | -0.4% |
| Contributions | 10/11 | €469,000 | €469,000 | = | 0.0% |
| Reserves | 13 | €230,981 | €230,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,804 | €9,804 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,804 | €9,804 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,182 | €23,182 | = | 0.0% |
| Distributable reserves | 133 | €197,994 | €197,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,582 | -€13,405 | -€2,823 | -26.7% |
| Amounts payable | 17/49 | €211,492 | €208,441 | -€3,051 | -1.4% |
| Amounts payable after more than one year | 17 | €74,176 | €10,997 | -€63,180 | -85.2% |
| Financial debts | 170/4 | €74,176 | €10,997 | -€63,180 | -85.2% |
| Amounts payable within one year | 42/48 | €137,316 | €197,445 | +€60,129 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €2,093 | €31,380 | +€29,287 | +1,399% |
| Financial debts | 43 | €48,338 | €44,744 | -€3,594 | -7.4% |
| Credit institutions | 430/8 | €48,338 | €44,744 | -€3,594 | -7.4% |
| Trade debts | 44 | €45,252 | €58,597 | +€13,345 | +29.5% |
| Suppliers | 440/4 | €45,252 | €58,597 | +€13,345 | +29.5% |
| Advances received on contracts in progress | 46 | €1,678 | €1,292 | -€386 | -23.0% |
| Taxes, remuneration and social security | 45 | €25,955 | €43,355 | +€17,400 | +67.0% |
| Taxes | 450/3 | €5,450 | €23,405 | +€17,954 | +329% |
| Remuneration and social security | 454/9 | €20,505 | €19,951 | -€554 | -2.7% |
| Other amounts payable | 47/48 | €14,000 | €18,076 | +€4,076 | +29.1% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €161,259 | €137,692 | -€23,568 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,075 | €41,105 | +€30 | +0.1% |
| Other operating charges | 640/8 | €4,884 | €4,805 | -€79 | -1.6% |
| Gross operating margin | 9900 | €188,608 | €173,423 | -€15,185 | -8.1% |
| Operating profit (loss) | 9901 | -€18,610 | -€10,178 | +€8,432 | +45.3% |
| Financial income | 75/76B | €22,803 | €11,501 | -€11,302 | -49.6% |
| Recurring financial income | 75 | €22,803 | €11,501 | -€11,302 | -49.6% |
| Financial charges | 65/66B | €3,767 | €3,046 | -€722 | -19.2% |
| Recurring financial charges | 65 | €3,767 | €3,046 | -€722 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €426 | -€1,723 | -€2,149 | |
| Income taxes | 67/77 | €5,828 | €1,100 | -€4,728 | -81.1% |
| Profit (loss) for the period | 9904 | -€5,402 | -€2,823 | +€2,579 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,402 | -€2,823 | +€2,579 | +47.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.