Group Coek: 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.
What changed
Group Coek
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.4m
2024 · €1.5m+€947,951
Equity
€23.2m
2024 · €20.8m+€2.4m
Cash
€92,906
2024 · €318,715-€225,809
Balance sheet total
€36.7m
2024 · €37.2m-€449,971
Largest movements
Assets
- Receivables within one year +€2.5m
up €2.5m (+910%), from €274,800 to €2.8m
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Tangible fixed assets -€723,670
down €723,670 (-4.0%), from €18.2m to €17.5m
of which Land and buildings: -€698,760
Equity and liabilities
- Debts after one year -€2.5m
down €2.5m (-20.5%), from €12.4m to €9.8m
- Reserves +€2.4m
up €2.4m (+27.9%), from €8.8m to €11.2m
- Other debts -€398,988
down €398,988 (-14.4%), from €2.8m to €2.4m
Income statement
- Financial income +€705,750
up €705,750 (+86.4%), from €816,560 to €1.5m
- Turnover +€174,624
up €174,624 (+4.6%), from €3.8m to €4.0m
- Financial charges -€129,246
down €129,246 (-37.2%), from €347,215 to €217,969
- Taxes +€66,320
up €66,320 (+15.3%), from €434,507 to €500,827
of which Taxes: +€62,572
- Staff costs +€49,840
up €49,840 (+7.9%), from €626,993 to €676,832
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.
Result 2024
€1.5m
Turnover
+€174,624
Other operating income
+€35,062
Services and other goods
-€21,865
Staff costs
-€49,840
Depreciation
+€12,026
Other operating charges
+€1,844
Other operating items
+€27,422
Financial income
+€705,750
Financial charges
+€129,246
Taxes
-€66,320
Result 2025
€2.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€436,885
Investment
+€1.9m
Financing
-€2.5m
Cash 2024
€318,715
From operations (derived)
+€436,885
Net result for the year
+€2.4m
Depreciation
+€851,698
Receivables within one year
-€2.5m
Trade debts
+€2,013
Tax, wage and social debts
+€36,690
Other debts
-€398,988
Investment (derived)
+€1.9m
Investment in fixed assets (net)
-€128,028
Current investments
+€2.0m
Financing
-€2.5m
Debts after one year
-€2.5m
Current portion of long-term debt
+€0
Cash 2025
€92,906
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,159,802 | €36,709,831 | -€449,971 | -1.2% |
| Fixed assets | 21/28 | €34,566,287 | €33,842,617 | -€723,670 | -2.1% |
| Tangible fixed assets | 22/27 | €18,211,100 | €17,487,430 | -€723,670 | -4.0% |
| Land and buildings | 22 | €18,101,032 | €17,402,272 | -€698,760 | -3.9% |
| Plant, machinery and equipment | 23 | €96,375 | €85,158 | -€11,217 | -11.6% |
| Furniture and vehicles | 24 | €13,693 | - | -€13,693 | |
| Financial fixed assets | 28 | €16,355,187 | €16,355,187 | = | 0.0% |
| Affiliated companies | 280/1 | €16,354,937 | €16,354,937 | = | 0.0% |
| Participating interests | 280 | €16,354,937 | €16,354,937 | = | 0.0% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,593,515 | €2,867,214 | +€273,699 | +10.6% |
| Amounts receivable within one year | 40/41 | €274,800 | €2,774,308 | +€2.5m | +910% |
| Other amounts receivable | 41 | €274,800 | €2,774,308 | +€2.5m | +910% |
| Current investments | 50/53 | €2,000,000 | - | -€2.0m | |
| Other investments | 51/53 | €2,000,000 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €318,715 | €92,906 | -€225,809 | -70.8% |
| Total equity and liabilities | 10/49 | €37,159,802 | €36,709,831 | -€449,971 | -1.2% |
| Equity | 10/15 | €20,769,166 | €23,214,148 | +€2.4m | +11.8% |
| Contributions | 10/11 | €12,000,000 | €12,000,000 | = | 0.0% |
| Reserves | 13 | €8,769,166 | €11,214,148 | +€2.4m | +27.9% |
| Distributable reserves | 133 | €8,769,166 | €11,214,148 | +€2.4m | +27.9% |
| Amounts payable | 17/49 | €16,390,636 | €13,495,683 | -€2.9m | -17.7% |
| Amounts payable after more than one year | 17 | €12,364,000 | €9,829,333 | -€2.5m | -20.5% |
| Financial debts | 170/4 | €12,364,000 | €9,829,333 | -€2.5m | -20.5% |
| Credit institutions | 173 | €10,864,000 | €9,829,333 | -€1.0m | -9.5% |
| Other loans | 174 | €1,500,000 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €4,026,636 | €3,666,350 | -€360,286 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €1,034,667 | €1,034,667 | +€0 | 0.0% |
| Trade debts | 44 | €97,599 | €99,611 | +€2,013 | +2.1% |
| Suppliers | 440/4 | €97,599 | €99,611 | +€2,013 | +2.1% |
| Taxes, remuneration and social security | 45 | €123,976 | €160,666 | +€36,690 | +29.6% |
| Taxes | 450/3 | €11,872 | €58,746 | +€46,875 | +395% |
| Remuneration and social security | 454/9 | €112,104 | €101,919 | -€10,185 | -9.1% |
| Other amounts payable | 47/48 | €2,770,395 | €2,371,407 | -€398,988 | -14.4% |
| Operating income | 70/76A | €3,880,782 | €4,117,890 | +€237,108 | +6.1% |
| Turnover | 70 | €3,806,374 | €3,980,998 | +€174,624 | +4.6% |
| Other operating income | 74 | €38,408 | €73,470 | +€35,062 | +91.3% |
| Non-recurring operating income | 76A | €36,000 | €63,422 | +€27,422 | +76.2% |
| Operating charges | 60/66A | €2,418,588 | €2,476,423 | +€57,834 | +2.4% |
| Services and other goods | 61 | €922,312 | €944,177 | +€21,865 | +2.4% |
| Remuneration, social security and pensions | 62 | €626,993 | €676,832 | +€49,840 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863,724 | €851,698 | -€12,026 | -1.4% |
| Other operating charges | 640/8 | €5,559 | €3,715 | -€1,844 | -33.2% |
| Operating profit (loss) | 9901 | €1,462,193 | €1,641,467 | +€179,274 | +12.3% |
| Financial income | 75/76B | €816,560 | €1,522,310 | +€705,750 | +86.4% |
| Recurring financial income | 75 | €816,560 | €1,522,310 | +€705,750 | +86.4% |
| Income from financial fixed assets | 750 | €800,000 | €1,500,000 | +€700,000 | +87.5% |
| Income from current assets | 751 | €16,560 | €22,291 | +€5,731 | +34.6% |
| Other financial income | 752/9 | - | €19 | +€19 | |
| Financial charges | 65/66B | €347,215 | €217,969 | -€129,246 | -37.2% |
| Recurring financial charges | 65 | €347,215 | €217,969 | -€129,246 | -37.2% |
| Debt charges | 650 | €346,327 | €217,016 | -€129,311 | -37.3% |
| Other financial charges | 652/9 | €888 | €953 | +€65 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,931,538 | €2,945,809 | +€1.0m | +52.5% |
| Income taxes | 67/77 | €434,507 | €500,827 | +€66,320 | +15.3% |
| Taxes | 670/3 | €438,814 | €501,386 | +€62,572 | +14.3% |
| Tax adjustments and reversals of tax provisions | 77 | €4,307 | €559 | -€3,748 | -87.0% |
| Profit (loss) for the period | 9904 | €1,497,030 | €2,444,982 | +€947,951 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,497,030 | €2,444,982 | +€947,951 | +63.3% |
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 26 October 2026 via checked.be.