EURO-COAT: 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.
EURO-COAT
Largest movements
- Tangible fixed assets +€122,823
up €122,823 (+3,533%), from €3,476 to €126,300
of which Furniture and vehicles: +€105,290
- Receivables within one year -€8,827
down €8,827 (-13.3%), from €66,126 to €57,299
of which Other amounts receivable: -€4,935
- Deferred charges and accrued income +€2,942
up €2,942 (+225%), from €1,309 to €4,251
- Cash -€2,080
down €2,080 (-22.4%), from €9,275 to €7,195
mainly Investment in fixed assets (net) (-€129,874) and Short-term financial debts (-€3,000)
- Debts after one year +€51,296
new in 2025: €51,296
- Other debts +€40,886
up €40,886 (+1,934%), from €2,114 to €43,000
- Current portion of long-term debt +€14,371
new in 2025: €14,371
- Profit (loss) carried forward +€5,939
up €5,939 (+5.7%), from -€103,614 to -€97,675
- Short-term financial debts -€3,000
down €3,000 (-3.9%), from €76,000 to €73,000
- Gross operating margin -€16,374
down €16,374 (-58.0%), from €28,235 to €11,861
- Depreciation +€6,415
up €6,415 (+1,009%), from €636 to €7,051
- Financial charges -€4,738
down €4,738 (-70.3%), from €6,743 to €2,004
- Financial income -€1,851
down €1,851 (-26.3%), from €7,049 to €5,198
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 | €84,883 | €198,050 | +€113,167 | +133% |
| Fixed assets | 21/28 | €3,476 | €126,300 | +€122,823 | +3,533% |
| Tangible fixed assets | 22/27 | €3,476 | €126,300 | +€122,823 | +3,533% |
| Plant, machinery and equipment | 23 | €1,742 | €3,836 | +€2,094 | +120% |
| Furniture and vehicles | 24 | €1,734 | €107,024 | +€105,290 | +6,072% |
| Other tangible fixed assets | 26 | - | €15,440 | +€15,440 | |
| Current assets | 29/58 | €81,406 | €71,750 | -€9,656 | -11.9% |
| Stocks and contracts in progress | 3 | €4,697 | €3,005 | -€1,691 | -36.0% |
| Stocks | 30/36 | €4,697 | €3,005 | -€1,691 | -36.0% |
| Amounts receivable within one year | 40/41 | €66,126 | €57,299 | -€8,827 | -13.3% |
| Trade receivables | 40 | €16,126 | €12,234 | -€3,892 | -24.1% |
| Other amounts receivable | 41 | €50,000 | €45,065 | -€4,935 | -9.9% |
| Cash at bank and in hand | 54/58 | €9,275 | €7,195 | -€2,080 | -22.4% |
| Deferred charges and accrued income | 490/1 | €1,309 | €4,251 | +€2,942 | +225% |
| Total equity and liabilities | 10/49 | €84,883 | €198,050 | +€113,167 | +133% |
| Equity | 10/15 | €37 | €5,976 | +€5,939 | +16,201% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €41,677 | €41,677 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,480 | €35,480 | = | 0.0% |
| Distributable reserves | 133 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,614 | -€97,675 | +€5,939 | +5.7% |
| Amounts payable | 17/49 | €84,846 | €192,074 | +€107,228 | +126% |
| Amounts payable after more than one year | 17 | - | €51,296 | +€51,296 | |
| Financial debts | 170/4 | - | €51,296 | +€51,296 | |
| Amounts payable within one year | 42/48 | €84,846 | €140,778 | +€55,932 | +65.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,371 | +€14,371 | |
| Financial debts | 43 | €76,000 | €73,000 | -€3,000 | -3.9% |
| Other loans | 439 | €76,000 | €73,000 | -€3,000 | -3.9% |
| Trade debts | 44 | €3,351 | €5,516 | +€2,165 | +64.6% |
| Suppliers | 440/4 | €3,351 | €5,516 | +€2,165 | +64.6% |
| Taxes, remuneration and social security | 45 | €3,381 | €4,891 | +€1,510 | +44.7% |
| Taxes | 450/3 | €3,381 | €3,141 | -€240 | -7.1% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €2,114 | €43,000 | +€40,886 | +1,934% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €636 | €7,051 | +€6,415 | +1,009% |
| Other operating charges | 640/8 | €892 | €1,154 | +€262 | +29.3% |
| Gross operating margin | 9900 | €28,235 | €11,861 | -€16,374 | -58.0% |
| Operating profit (loss) | 9901 | €26,706 | €3,656 | -€23,051 | -86.3% |
| Financial income | 75/76B | €7,049 | €5,198 | -€1,851 | -26.3% |
| Recurring financial income | 75 | €7,049 | €5,198 | -€1,851 | -26.3% |
| Financial charges | 65/66B | €6,743 | €2,004 | -€4,738 | -70.3% |
| Recurring financial charges | 65 | €6,743 | €2,004 | -€4,738 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €27,013 | €6,849 | -€20,164 | -74.6% |
| Income taxes | 67/77 | - | €77 | +€77 | |
| Profit (loss) for the period | 9904 | €27,013 | €6,772 | -€20,241 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,013 | €6,772 | -€20,241 | -74.9% |
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 31 October 2026 via checked.be.