LE COUDMAIN: 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
LE COUDMAIN
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,875
2024 · €34,123-€31,249
Equity
€287,960
2024 · €285,086+€2,875
Cash
€327,008
2024 · €419,153-€92,145
Balance sheet total
€3.0m
2024 · €1.1m+€1.9m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+1,157%), from €166,803 to €2.1m
of which Land and buildings: +€2.0m
- Receivables within one year +€104,151
up €104,151 (+23.5%), from €443,318 to €547,469
of which Other amounts receivable: +€90,803
- Cash -€92,145
down €92,145 (-22.0%), from €419,153 to €327,008
mainly Investment in fixed assets (net) (-€2.0m) and Receivables within one year (-€104,151)
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+3,268%), from €49,436 to €1.7m
- Debts within one year +€331,887
up €331,887 (+62.6%), from €530,443 to €862,330
Income statement
- Purchases and services +€890,131
new in 2025: €890,131
- Turnover +€778,430
new in 2025: €778,430
- Staff costs +€282,308
up €282,308 (+16.2%), from €1.7m to €2.0m
- Gross operating margin +€241,890
up €241,890 (+12.5%), from €1.9m to €2.2m
- Depreciation -€53,570
down €53,570 (-43.7%), from €122,702 to €69,132
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
€34,123
Gross operating margin
+€241,890
Staff costs
-€282,308
Depreciation
+€53,570
Write-downs
-€3,506
Other operating charges
+€1,305
Other operating items
-€41,304
Financial income
+€10
Financial charges
-€904
Result 2025
€2,875
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
+€288,416
Investment
-€2.0m
Financing
+€1.6m
Cash 2024
€419,153
From operations (derived)
+€288,416
Net result for the year
+€2,875
Depreciation
+€69,132
Smaller working-capital items
+€3,471
Receivables within one year
-€104,151
Debts within one year
+€331,887
Accrued charges and deferred income
-€14,797
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.6m
Debts after one year
+€1.6m
Cash 2025
€327,008
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,069,964 | €3,005,604 | +€1.9m | +181% |
| Fixed assets | 21/28 | €173,710 | €2,100,814 | +€1.9m | +1,109% |
| Intangible fixed assets | 21 | €6,434 | €3,755 | -€2,679 | -41.6% |
| Tangible fixed assets | 22/27 | €166,803 | €2,096,586 | +€1.9m | +1,157% |
| Land and buildings | 22 | - | €1,955,302 | +€2.0m | |
| Plant, machinery and equipment | 23 | €28,404 | €30,538 | +€2,134 | +7.5% |
| Furniture and vehicles | 24 | €138,399 | €110,746 | -€27,653 | -20.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €472 | €472 | = | 0.0% |
| Current assets | 29/58 | €896,255 | €904,790 | +€8,535 | +1.0% |
| Stocks and contracts in progress | 3 | €11,714 | €11,420 | -€294 | -2.5% |
| Stocks | 30/36 | €11,714 | €11,420 | -€294 | -2.5% |
| Amounts receivable within one year | 40/41 | €443,318 | €547,469 | +€104,151 | +23.5% |
| Trade receivables | 40 | €90,245 | €103,593 | +€13,348 | +14.8% |
| Other amounts receivable | 41 | €353,073 | €443,876 | +€90,803 | +25.7% |
| Cash at bank and in hand | 54/58 | €419,153 | €327,008 | -€92,145 | -22.0% |
| Deferred charges and accrued income | 490/1 | €22,070 | €18,893 | -€3,177 | -14.4% |
| Total equity and liabilities | 10/49 | €1,069,964 | €3,005,604 | +€1.9m | +181% |
| Equity | 10/15 | €285,086 | €287,960 | +€2,875 | +1.0% |
| Contributions | 10/11 | €1,162 | €1,162 | = | 0.0% |
| Capital | 10 | €1,162 | €1,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,924 | €286,799 | +€2,875 | +1.0% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €155,000 | €155,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €155,000 | €155,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €155,000 | €155,000 | = | 0.0% |
| Amounts payable | 17/49 | €629,879 | €2,562,643 | +€1.9m | +307% |
| Amounts payable after more than one year | 17 | €49,436 | €1,665,111 | +€1.6m | +3,268% |
| Financial debts | 170/4 | €49,436 | €1,665,111 | +€1.6m | +3,268% |
| Amounts payable within one year | 42/48 | €530,443 | €862,330 | +€331,887 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €33,140 | €63,317 | +€30,177 | +91.1% |
| Financial debts | 43 | - | €106,010 | +€106,010 | |
| Credit institutions | 430/8 | - | €106,010 | +€106,010 | |
| Trade debts | 44 | €132,582 | €251,409 | +€118,828 | +89.6% |
| Suppliers | 440/4 | €132,582 | €251,409 | +€118,828 | +89.6% |
| Advances received on contracts in progress | 46 | €46,665 | €104,961 | +€58,295 | +125% |
| Taxes, remuneration and social security | 45 | €184,042 | €207,661 | +€23,619 | +12.8% |
| Taxes | 450/3 | €1,094 | €858 | -€236 | -21.6% |
| Remuneration and social security | 454/9 | €182,948 | €206,803 | +€23,855 | +13.0% |
| Accrued charges and deferred income | 492/3 | €50,000 | €35,203 | -€14,797 | -29.6% |
| Turnover | 70 | - | €778,430 | +€778,430 | |
| Membership fees, donations, legacies and grants | 73 | - | €2,257,842 | +€2.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €890,131 | +€890,131 | |
| Remuneration, social security and pensions | 62 | €1,743,844 | €2,026,152 | +€282,308 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,702 | €69,132 | -€53,570 | -43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,210 | €24,717 | +€3,506 | +16.5% |
| Other operating charges | 640/8 | €7,954 | €6,649 | -€1,305 | -16.4% |
| Non-recurring operating charges | 66A | - | €41,304 | +€41,304 | |
| Gross operating margin | 9900 | €1,935,896 | €2,177,786 | +€241,890 | +12.5% |
| Operating profit (loss) | 9901 | €40,186 | €9,831 | -€30,355 | -75.5% |
| Financial income | 75/76B | €20 | €29 | +€10 | +50.1% |
| Recurring financial income | 75 | €20 | €29 | +€10 | +50.1% |
| Financial charges | 65/66B | €6,082 | €6,986 | +€904 | +14.9% |
| Recurring financial charges | 65 | €6,082 | €6,986 | +€904 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €34,123 | €2,875 | -€31,249 | -91.6% |
| Profit (loss) for the period | 9904 | €34,123 | €2,875 | -€31,249 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,123 | €2,875 | -€31,249 | -91.6% |
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 14 October 2026 via checked.be.