Le Coq 1: 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 Coq 1
Largest movements
- Receivables within one year +€17,007
up €17,007 (+27.3%), from €62,357 to €79,364
of which Trade receivables: +€18,459
- Cash -€5,264
down €5,264 (-25.4%), from €20,686 to €15,422
mainly Receivables within one year (-€17,007) and Investment in fixed assets (net) (-€1,868)
- Tax, wage and social debts +€5,785
up €5,785 (+49.0%), from €11,798 to €17,583
- Profit (loss) carried forward +€4,795
up €4,795 (+10.9%), from €44,090 to €48,885
- Gross operating margin -€16,161
down €16,161 (-38.8%), from €41,620 to €25,459
- Other operating charges +€2,773
up €2,773 (+77.8%), from €3,567 to €6,340
- Depreciation -€1,402
down €1,402 (-40.4%), from €3,470 to €2,068
- Financial charges -€418
down €418 (-47.9%), from €872 to €455
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 | €104,488 | €115,093 | +€10,605 | +10.1% |
| Fixed assets | 21/28 | €16,170 | €15,971 | -€200 | -1.2% |
| Tangible fixed assets | 22/27 | €3,961 | €3,761 | -€200 | -5.0% |
| Plant, machinery and equipment | 23 | - | €1,812 | +€1,812 | |
| Furniture and vehicles | 24 | €3,961 | €1,949 | -€2,012 | -50.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €12,209 | €12,209 | = | 0.0% |
| Current assets | 29/58 | €88,318 | €99,123 | +€10,805 | +12.2% |
| Stocks and contracts in progress | 3 | €3,157 | €2,409 | -€749 | -23.7% |
| Stocks | 30/36 | €3,157 | €2,409 | -€749 | -23.7% |
| Amounts receivable within one year | 40/41 | €62,357 | €79,364 | +€17,007 | +27.3% |
| Trade receivables | 40 | €21,709 | €40,168 | +€18,459 | +85.0% |
| Other amounts receivable | 41 | €40,648 | €39,196 | -€1,452 | -3.6% |
| Cash at bank and in hand | 54/58 | €20,686 | €15,422 | -€5,264 | -25.4% |
| Deferred charges and accrued income | 490/1 | €2,118 | €1,928 | -€189 | -8.9% |
| Total equity and liabilities | 10/49 | €104,488 | €115,093 | +€10,605 | +10.1% |
| Equity | 10/15 | €62,690 | €67,485 | +€4,795 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,090 | €48,885 | +€4,795 | +10.9% |
| Amounts payable | 17/49 | €41,798 | €47,608 | +€5,810 | +13.9% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,798 | €17,608 | +€5,810 | +49.2% |
| Trade debts | 44 | €0 | €25 | +€25 | |
| Suppliers | 440/4 | €0 | €25 | +€25 | |
| Taxes, remuneration and social security | 45 | €11,798 | €17,583 | +€5,785 | +49.0% |
| Taxes | 450/3 | €11,798 | €17,583 | +€5,785 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,470 | €2,068 | -€1,402 | -40.4% |
| Other operating charges | 640/8 | €3,567 | €6,340 | +€2,773 | +77.8% |
| Gross operating margin | 9900 | €41,620 | €25,459 | -€16,161 | -38.8% |
| Operating profit (loss) | 9901 | €34,583 | €17,051 | -€17,532 | -50.7% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.6% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.6% |
| Financial charges | 65/66B | €872 | €455 | -€418 | -47.9% |
| Recurring financial charges | 65 | €872 | €455 | -€418 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €33,731 | €16,597 | -€17,135 | -50.8% |
| Income taxes | 67/77 | €11,583 | €11,802 | +€219 | +1.9% |
| Profit (loss) for the period | 9904 | €22,149 | €4,795 | -€17,354 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,149 | €4,795 | -€17,354 | -78.4% |
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.