Groep Coenen: what changed
What changed
Groep Coenen
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.1m+€229,615
Equity
€15.2m
2024 · €13.9m+€1.3m
Cash
€573,722
2024 · €687+€573,036
Balance sheet total
€15.9m
2024 · €14.5m+€1.4m
Largest movements
Assets
- Receivables within one year +€582,976
up €582,976 (+12.4%), from €4.7m to €5.3m
of which Other amounts receivable: +€606,603
- Cash +€573,036
up €573,036 (+83,462%), from €687 to €573,722
mainly Net result for the year (+€1.3m) and Other debts (+€90,795)
- Tangible fixed assets +€162,213
up €162,213 (+194%), from €83,739 to €245,952
of which Other tangible fixed assets: +€184,624
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+12.9%), from €10.2m to €11.6m
of which Distributable reserves: +€1.3m
Income statement
- Gross operating margin +€162,704
up €162,704 (+48.2%), from €337,884 to €500,587
- Financial income +€105,393
up €105,393 (+8.7%), from €1.2m to €1.3m
- Taxes +€43,896
up €43,896 (+581%), from €7,559 to €51,456
- Write-downs -€23,752
down €23,752 (-100%), from €23,752 to €0
- Staff costs +€22,382
up €22,382 (+5.9%), from €377,226 to €399,608
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.1m
Gross operating margin
+€162,704
Staff costs
-€22,382
Depreciation
-€18,257
Write-downs
+€23,752
Other operating charges
-€20
Financial income
+€105,393
Financial charges
+€22,321
Taxes
-€43,896
Result 2025
€1.3m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€771,566
Investment
-€198,530
Financing
€0
Cash 2024
€687
From operations (derived)
+€771,566
Net result for the year
+€1.3m
Depreciation
+€36,317
Receivables within one year
-€582,976
Deferred charges and accrued income
-€97,014
Trade debts
+€6,809
Tax, wage and social debts
-€813
Other debts
+€90,795
Investment (derived)
-€198,530
Investment in fixed assets (net)
-€198,530
Cash 2025
€573,722
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,464,644 | €15,879,884 | +€1.4m | +9.8% |
| Fixed assets | 21/28 | €9,512,090 | €9,674,303 | +€162,213 | +1.7% |
| Tangible fixed assets | 22/27 | €83,739 | €245,952 | +€162,213 | +194% |
| Furniture and vehicles | 24 | €83,739 | €61,329 | -€22,410 | -26.8% |
| Other tangible fixed assets | 26 | - | €184,624 | +€184,624 | |
| Financial fixed assets | 28 | €9,428,351 | €9,428,351 | = | 0.0% |
| Current assets | 29/58 | €4,952,554 | €6,205,581 | +€1.3m | +25.3% |
| Amounts receivable within one year | 40/41 | €4,698,759 | €5,281,735 | +€582,976 | +12.4% |
| Trade receivables | 40 | €26,074 | €2,447 | -€23,627 | -90.6% |
| Other amounts receivable | 41 | €4,672,685 | €5,279,288 | +€606,603 | +13.0% |
| Current investments | 50/53 | €250,500 | €250,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €687 | €573,722 | +€573,036 | +83,462% |
| Deferred charges and accrued income | 490/1 | €2,608 | €99,623 | +€97,014 | +3,719% |
| Total equity and liabilities | 10/49 | €14,464,644 | €15,879,884 | +€1.4m | +9.8% |
| Equity | 10/15 | €13,859,724 | €15,178,173 | +€1.3m | +9.5% |
| Contributions | 10/11 | €3,619,516 | €3,619,516 | = | 0.0% |
| Reserves | 13 | €10,240,209 | €11,558,657 | +€1.3m | +12.9% |
| Non-distributable reserves | 130/1 | €361,148 | €361,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €361,148 | €361,148 | = | 0.0% |
| Distributable reserves | 133 | €9,879,061 | €11,197,509 | +€1.3m | +13.3% |
| Amounts payable | 17/49 | €604,919 | €701,711 | +€96,791 | +16.0% |
| Amounts payable within one year | 42/48 | €604,919 | €701,711 | +€96,791 | +16.0% |
| Trade debts | 44 | €59,422 | €66,231 | +€6,809 | +11.5% |
| Suppliers | 440/4 | €59,422 | €66,231 | +€6,809 | +11.5% |
| Taxes, remuneration and social security | 45 | €38,214 | €37,401 | -€813 | -2.1% |
| Taxes | 450/3 | €8,236 | €530 | -€7,706 | -93.6% |
| Remuneration and social security | 454/9 | €29,978 | €36,871 | +€6,893 | +23.0% |
| Other amounts payable | 47/48 | €507,284 | €598,079 | +€90,795 | +17.9% |
| Remuneration, social security and pensions | 62 | €377,226 | €399,608 | +€22,382 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,059 | €36,317 | +€18,257 | +101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,752 | €0 | -€23,752 | -100% |
| Other operating charges | 640/8 | €1,539 | €1,559 | +€20 | +1.3% |
| Gross operating margin | 9900 | €337,884 | €500,587 | +€162,704 | +48.2% |
| Operating profit (loss) | 9901 | -€82,693 | €63,104 | +€145,797 | |
| Financial income | 75/76B | €1,204,947 | €1,310,341 | +€105,393 | +8.7% |
| Recurring financial income | 75 | €1,204,947 | €1,310,341 | +€105,393 | +8.7% |
| Financial charges | 65/66B | €25,861 | €3,540 | -€22,321 | -86.3% |
| Recurring financial charges | 65 | €25,861 | €3,540 | -€22,321 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €1,096,393 | €1,369,904 | +€273,512 | +24.9% |
| Income taxes | 67/77 | €7,559 | €51,456 | +€43,896 | +581% |
| Profit (loss) for the period | 9904 | €1,088,833 | €1,318,449 | +€229,615 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,088,833 | €1,318,449 | +€229,615 | +21.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.