IMMESOETE-COECK: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
IMMESOETE-COECK
Largest movements
- Cash +€40,448
up €40,448 (+22.2%), from €182,426 to €222,874
mainly Net result for the year (+€72,535) and Tax, wage and social debts (+€50,664)
- Tangible fixed assets -€31,647
down €31,647 (-7.3%), from €435,727 to €404,080
of which Land and buildings: -€23,124
- Tax, wage and social debts +€50,664
up €50,664 (+890%), from €5,691 to €56,355
of which Taxes: +€31,029
- Debts after one year -€30,620
down €30,620 (-12.9%), from €236,563 to €205,943
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Reserves +€23,500
up €23,500 (+5.4%), from €437,310 to €460,810
- Gross operating margin +€58,571
up €58,571 (+10.5%), from €560,041 to €618,612
- Staff costs +€33,755
up €33,755 (+7.9%), from €427,181 to €460,936
- Taxes +€10,974
up €10,974 (+42.7%), from €25,719 to €36,694
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €897,156 | €912,585 | +€15,429 | +1.7% |
| Fixed assets | 21/28 | €436,461 | €404,580 | -€31,881 | -7.3% |
| Tangible fixed assets | 22/27 | €435,727 | €404,080 | -€31,647 | -7.3% |
| Land and buildings | 22 | €399,646 | €376,523 | -€23,124 | -5.8% |
| Plant, machinery and equipment | 23 | €25,458 | €19,315 | -€6,143 | -24.1% |
| Furniture and vehicles | 24 | €10,622 | €8,242 | -€2,381 | -22.4% |
| Financial fixed assets | 28 | €734 | €500 | -€234 | -31.9% |
| Current assets | 29/58 | €460,695 | €508,005 | +€47,310 | +10.3% |
| Stocks and contracts in progress | 3 | - | €199 | +€199 | |
| Stocks | 30/36 | - | €199 | +€199 | |
| Amounts receivable within one year | 40/41 | €277,473 | €281,569 | +€4,096 | +1.5% |
| Trade receivables | 40 | €29,937 | €22,217 | -€7,720 | -25.8% |
| Other amounts receivable | 41 | €247,536 | €259,352 | +€11,816 | +4.8% |
| Cash at bank and in hand | 54/58 | €182,426 | €222,874 | +€40,448 | +22.2% |
| Deferred charges and accrued income | 490/1 | €796 | €3,363 | +€2,567 | +323% |
| Total equity and liabilities | 10/49 | €897,156 | €912,585 | +€15,429 | +1.7% |
| Equity | 10/15 | €572,692 | €596,226 | +€23,535 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €437,310 | €460,810 | +€23,500 | +5.4% |
| Non-distributable reserves | 130/1 | €437,310 | €460,810 | +€23,500 | +5.4% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €435,450 | €458,950 | +€23,500 | +5.4% |
| Profit (loss) carried forward | 14 | €129,182 | €129,216 | +€35 | 0.0% |
| Amounts payable | 17/49 | €324,464 | €316,359 | -€8,106 | -2.5% |
| Amounts payable after more than one year | 17 | €236,563 | €205,943 | -€30,620 | -12.9% |
| Financial debts | 170/4 | €236,563 | €205,943 | -€30,620 | -12.9% |
| Amounts payable within one year | 42/48 | €87,902 | €110,416 | +€22,514 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €29,255 | €30,620 | +€1,365 | +4.7% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €14,765 | €10,251 | -€4,514 | -30.6% |
| Suppliers | 440/4 | €14,765 | €10,251 | -€4,514 | -30.6% |
| Taxes, remuneration and social security | 45 | €5,691 | €56,355 | +€50,664 | +890% |
| Taxes | 450/3 | €5,665 | €36,694 | +€31,029 | +548% |
| Remuneration and social security | 454/9 | €26 | €19,661 | +€19,635 | +74,943% |
| Other amounts payable | 47/48 | €13,190 | €13,190 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €427,181 | €460,936 | +€33,755 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,675 | €33,693 | +€18 | +0.1% |
| Other operating charges | 640/8 | €3,455 | €3,336 | -€119 | -3.5% |
| Gross operating margin | 9900 | €560,041 | €618,612 | +€58,571 | +10.5% |
| Operating profit (loss) | 9901 | €95,730 | €120,647 | +€24,917 | +26.0% |
| Financial income | 75/76B | €33 | €1,510 | +€1,477 | +4,503% |
| Recurring financial income | 75 | €33 | €27 | -€6 | -17.9% |
| Non-recurring financial income | 76B | - | €1,483 | +€1,483 | |
| Financial charges | 65/66B | €13,320 | €12,928 | -€391 | -2.9% |
| Recurring financial charges | 65 | €13,320 | €12,928 | -€391 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €82,444 | €109,228 | +€26,785 | +32.5% |
| Income taxes | 67/77 | €25,719 | €36,694 | +€10,974 | +42.7% |
| Profit (loss) for the period | 9904 | €56,724 | €72,535 | +€15,811 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,724 | €72,535 | +€15,811 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.