LE COIN LECTURE: 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.
LE COIN LECTURE
Largest movements
- Receivables within one year +€73,676
up €73,676 (+1,579%), from €4,666 to €78,342
of which Trade receivables: +€50,497
- Cash -€10,968
down €10,968 (-94.0%), from €11,666 to €698
mainly Receivables within one year (-€73,676) and Other debts (-€13,533)
- Stocks and contracts -€3,040
down €3,040 (-11.2%), from €27,142 to €24,102
- Tax, wage and social debts +€31,944
new in 2025: €31,944
of which Taxes: +€20,813
- Short-term financial debts +€22,849
new in 2025: €22,849
- Trade debts +€18,128
up €18,128 (+154%), from €11,737 to €29,865
- Other debts -€13,533
down €13,533 (-19.3%), from €70,108 to €56,575
- Gross operating margin +€47,587
up €47,587, from -€30,848 to €16,739
- Staff costs +€15,155
new in 2025: €15,155
- Financial charges -€459
down €459 (-41.0%), from €1,118 to €660
- Other operating charges +€330
new in 2025: €330
- Taxes +€313
new in 2025: €313
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 | €62,681 | €122,349 | +€59,669 | +95.2% |
| Current assets | 29/58 | €62,681 | €122,349 | +€59,669 | +95.2% |
| Stocks and contracts in progress | 3 | €27,142 | €24,102 | -€3,040 | -11.2% |
| Stocks | 30/36 | €27,142 | €24,102 | -€3,040 | -11.2% |
| Amounts receivable within one year | 40/41 | €4,666 | €78,342 | +€73,676 | +1,579% |
| Trade receivables | 40 | €1,389 | €51,887 | +€50,497 | +3,635% |
| Other amounts receivable | 41 | €3,276 | €26,455 | +€23,179 | +707% |
| Cash at bank and in hand | 54/58 | €11,666 | €698 | -€10,968 | -94.0% |
| Deferred charges and accrued income | 490/1 | €19,207 | €19,207 | = | 0.0% |
| Total equity and liabilities | 10/49 | €62,681 | €122,349 | +€59,669 | +95.2% |
| Equity | 10/15 | -€19,164 | -€18,883 | +€282 | +1.5% |
| Contributions | 10/11 | €19,832 | €19,832 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,979 | -€40,698 | +€282 | +0.7% |
| Amounts payable | 17/49 | €81,845 | €141,232 | +€59,387 | +72.6% |
| Amounts payable within one year | 42/48 | €81,845 | €141,232 | +€59,387 | +72.6% |
| Financial debts | 43 | - | €22,849 | +€22,849 | |
| Credit institutions | 430/8 | - | €22,849 | +€22,849 | |
| Trade debts | 44 | €11,737 | €29,865 | +€18,128 | +154% |
| Suppliers | 440/4 | €11,737 | €29,865 | +€18,128 | +154% |
| Taxes, remuneration and social security | 45 | - | €31,944 | +€31,944 | |
| Taxes | 450/3 | - | €20,813 | +€20,813 | |
| Remuneration and social security | 454/9 | - | €11,131 | +€11,131 | |
| Other amounts payable | 47/48 | €70,108 | €56,575 | -€13,533 | -19.3% |
| Remuneration, social security and pensions | 62 | - | €15,155 | +€15,155 | |
| Other operating charges | 640/8 | - | €330 | +€330 | |
| Gross operating margin | 9900 | -€30,848 | €16,739 | +€47,587 | |
| Operating profit (loss) | 9901 | -€30,848 | €1,254 | +€32,102 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,118 | €660 | -€459 | -41.0% |
| Recurring financial charges | 65 | €1,118 | €660 | -€459 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,966 | €595 | +€32,561 | |
| Income taxes | 67/77 | - | €313 | +€313 | |
| Profit (loss) for the period | 9904 | -€31,966 | €282 | +€32,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,966 | €282 | +€32,248 |
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 31 October 2026 via checked.be.