Glenn Coeckelbergh: 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.
Glenn Coeckelbergh
Largest movements
- Cash -€2,579
down €2,579 (-1.2%), from €206,838 to €204,259
mainly Contributions, distributions and other (-€92,000) and Trade debts (-€2,817)
- Trade debts -€2,817
no longer reported in 2025 (was €2,817)
No income-statement line moved by more than 1% of the activity.
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 | €207,967 | €205,315 | -€2,652 | -1.3% |
| Fixed assets | 21/28 | €1,129 | €661 | -€468 | -41.4% |
| Tangible fixed assets | 22/27 | €1,129 | €661 | -€468 | -41.4% |
| Furniture and vehicles | 24 | €1,129 | €661 | -€468 | -41.4% |
| Current assets | 29/58 | €206,838 | €204,653 | -€2,184 | -1.1% |
| Amounts receivable within one year | 40/41 | - | €395 | +€395 | |
| Other amounts receivable | 41 | - | €395 | +€395 | |
| Cash at bank and in hand | 54/58 | €206,838 | €204,259 | -€2,579 | -1.2% |
| Total equity and liabilities | 10/49 | €207,967 | €205,315 | -€2,652 | -1.3% |
| Equity | 10/15 | €15,000 | €15,901 | +€901 | +6.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €901 | +€901 | |
| Amounts payable | 17/49 | €192,967 | €189,414 | -€3,553 | -1.8% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €117,967 | €114,414 | -€3,553 | -3.0% |
| Trade debts | 44 | €2,817 | - | -€2,817 | |
| Suppliers | 440/4 | €2,817 | - | -€2,817 | |
| Taxes, remuneration and social security | 45 | €22,018 | €22,414 | +€396 | +1.8% |
| Taxes | 450/3 | €22,018 | €22,414 | +€396 | +1.8% |
| Other amounts payable | 47/48 | €93,132 | €92,000 | -€1,132 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €468 | +€193 | +70.3% |
| Other operating charges | 640/8 | €569 | €763 | +€194 | +34.0% |
| Gross operating margin | 9900 | €121,057 | €120,434 | -€623 | -0.5% |
| Operating profit (loss) | 9901 | €120,213 | €119,203 | -€1,010 | -0.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €755 | €697 | -€59 | -7.8% |
| Recurring financial charges | 65 | €755 | €697 | -€59 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €119,457 | €118,506 | -€951 | -0.8% |
| Income taxes | 67/77 | €26,326 | €25,605 | -€721 | -2.7% |
| Profit (loss) for the period | 9904 | €93,132 | €92,901 | -€231 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,132 | €92,901 | -€231 | -0.2% |
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 25 October 2026 via checked.be.