Filip Cooreman: 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.
Filip Cooreman
Largest movements
- Cash +€42,196
up €42,196 (+85.6%), from €49,276 to €91,472
mainly Other debts (+€134,009) and Net result for the year (+€79,115)
- Current investments +€14,553
up €14,553 (+9.8%), from €149,240 to €163,793
- Tangible fixed assets -€14,005
down €14,005 (-30.6%), from €45,761 to €31,756
of which Furniture and vehicles: -€13,589
- Other debts +€134,009
up €134,009 (+424%), from €31,632 to €165,641
- Reserves -€80,717
down €80,717 (-43.5%), from €185,717 to €105,000
- Current portion of long-term debt -€3,896
down €3,896 (-57.3%), from €6,801 to €2,904
- Financial income +€10,558
up €10,558 (+392%), from €2,697 to €13,255
- Gross operating margin +€4,898
up €4,898 (+5.1%), from €95,526 to €100,424
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 | €249,140 | €294,066 | +€44,926 | +18.0% |
| Fixed assets | 21/28 | €45,761 | €31,756 | -€14,005 | -30.6% |
| Tangible fixed assets | 22/27 | €45,761 | €31,756 | -€14,005 | -30.6% |
| Plant, machinery and equipment | 23 | €416 | €0 | -€416 | -100% |
| Furniture and vehicles | 24 | €45,345 | €31,756 | -€13,589 | -30.0% |
| Current assets | 29/58 | €203,379 | €262,310 | +€58,931 | +29.0% |
| Amounts receivable within one year | 40/41 | €3,178 | €5,090 | +€1,912 | +60.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,178 | €5,090 | +€1,912 | +60.2% |
| Current investments | 50/53 | €149,240 | €163,793 | +€14,553 | +9.8% |
| Cash at bank and in hand | 54/58 | €49,276 | €91,472 | +€42,196 | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,685 | €1,955 | +€271 | +16.1% |
| Total equity and liabilities | 10/49 | €249,140 | €294,066 | +€44,926 | +18.0% |
| Equity | 10/15 | €200,717 | €120,000 | -€80,717 | -40.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €185,717 | €105,000 | -€80,717 | -43.5% |
| Distributable reserves | 133 | €185,717 | €105,000 | -€80,717 | -43.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,423 | €174,066 | +€125,643 | +259% |
| Amounts payable after more than one year | 17 | €2,904 | €0 | -€2,904 | -100% |
| Financial debts | 170/4 | €2,904 | €0 | -€2,904 | -100% |
| Amounts payable within one year | 42/48 | €45,519 | €174,066 | +€128,548 | +282% |
| Current portion of amounts payable after more than one year | 42 | €6,801 | €2,904 | -€3,896 | -57.3% |
| Trade debts | 44 | €1,744 | €1,021 | -€723 | -41.4% |
| Suppliers | 440/4 | €1,744 | €1,021 | -€723 | -41.4% |
| Taxes, remuneration and social security | 45 | €5,342 | €4,500 | -€842 | -15.8% |
| Taxes | 450/3 | €5,342 | €4,500 | -€842 | -15.8% |
| Other amounts payable | 47/48 | €31,632 | €165,641 | +€134,009 | +424% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,031 | €14,005 | -€27 | -0.2% |
| Other operating charges | 640/8 | €0 | €387 | +€387 | |
| Gross operating margin | 9900 | €95,526 | €100,424 | +€4,898 | +5.1% |
| Operating profit (loss) | 9901 | €81,494 | €86,032 | +€4,538 | +5.6% |
| Financial income | 75/76B | €2,697 | €13,255 | +€10,558 | +392% |
| Recurring financial income | 75 | €2,697 | €13,255 | +€10,558 | +392% |
| Financial charges | 65/66B | €2,340 | €1,537 | -€803 | -34.3% |
| Recurring financial charges | 65 | €2,340 | €1,537 | -€803 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €81,851 | €97,750 | +€15,899 | +19.4% |
| Income taxes | 67/77 | €17,648 | €18,635 | +€987 | +5.6% |
| Profit (loss) for the period | 9904 | €64,203 | €79,115 | +€14,912 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,203 | €79,115 | +€14,912 | +23.2% |
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 28 October 2026 via checked.be.