Margot Coudeville: 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.
Margot Coudeville
Largest movements
- Tangible fixed assets -€89,624
down €89,624 (-96.7%), from €92,699 to €3,075
of which Land and buildings: -€63,190
- Receivables within one year +€17,785
up €17,785 (+464%), from €3,833 to €21,618
of which Trade receivables: +€17,901
- Cash -€14,348
down €14,348 (-24.8%), from €57,873 to €43,525
mainly Debts after one year (-€70,037) and Receivables within one year (-€17,785)
- Debts after one year -€70,037
no longer reported in 2025 (was €70,037)
- Current portion of long-term debt -€10,745
no longer reported in 2025 (was €10,745)
- Tax, wage and social debts -€7,564
down €7,564 (-86.2%), from €8,776 to €1,212
- Profit (loss) carried forward +€3,349
up €3,349 (+5,875%), from €57 to €3,406
- Gross operating margin -€36,269
down €36,269 (-81.8%), from €44,341 to €8,072
- Depreciation -€10,797
down €10,797 (-85.7%), from €12,603 to €1,806
- Taxes -€7,091
down €7,091 (-85.6%), from €8,281 to €1,190
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 | €154,405 | €68,218 | -€86,187 | -55.8% |
| Fixed assets | 21/28 | €92,699 | €3,075 | -€89,624 | -96.7% |
| Tangible fixed assets | 22/27 | €92,699 | €3,075 | -€89,624 | -96.7% |
| Land and buildings | 22 | €63,190 | - | -€63,190 | |
| Plant, machinery and equipment | 23 | €2,969 | €1,891 | -€1,078 | -36.3% |
| Furniture and vehicles | 24 | €26,540 | €1,184 | -€25,356 | -95.5% |
| Current assets | 29/58 | €61,706 | €65,143 | +€3,437 | +5.6% |
| Amounts receivable within one year | 40/41 | €3,833 | €21,618 | +€17,785 | +464% |
| Trade receivables | 40 | €210 | €18,111 | +€17,901 | +8,524% |
| Other amounts receivable | 41 | €3,623 | €3,507 | -€116 | -3.2% |
| Cash at bank and in hand | 54/58 | €57,873 | €43,525 | -€14,348 | -24.8% |
| Total equity and liabilities | 10/49 | €154,405 | €68,218 | -€86,187 | -55.8% |
| Equity | 10/15 | €63,657 | €67,006 | +€3,349 | +5.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €53,600 | €53,600 | = | 0.0% |
| Distributable reserves | 133 | €53,600 | €53,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57 | €3,406 | +€3,349 | +5,875% |
| Amounts payable | 17/49 | €90,748 | €1,212 | -€89,536 | -98.7% |
| Amounts payable after more than one year | 17 | €70,037 | - | -€70,037 | |
| Financial debts | 170/4 | €70,037 | - | -€70,037 | |
| Amounts payable within one year | 42/48 | €20,711 | €1,212 | -€19,499 | -94.1% |
| Current portion of amounts payable after more than one year | 42 | €10,745 | - | -€10,745 | |
| Trade debts | 44 | €70 | - | -€70 | |
| Suppliers | 440/4 | €70 | - | -€70 | |
| Taxes, remuneration and social security | 45 | €8,776 | €1,212 | -€7,564 | -86.2% |
| Taxes | 450/3 | €8,776 | €1,212 | -€7,564 | -86.2% |
| Other amounts payable | 47/48 | €1,120 | - | -€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,603 | €1,806 | -€10,797 | -85.7% |
| Other operating charges | 640/8 | €115 | €313 | +€198 | +172% |
| Gross operating margin | 9900 | €44,341 | €8,072 | -€36,269 | -81.8% |
| Operating profit (loss) | 9901 | €31,623 | €5,953 | -€25,670 | -81.2% |
| Financial income | 75/76B | €198 | €222 | +€24 | +12.1% |
| Recurring financial income | 75 | €198 | €222 | +€24 | +12.1% |
| Financial charges | 65/66B | €1,683 | €1,636 | -€47 | -2.8% |
| Recurring financial charges | 65 | €1,683 | €1,636 | -€47 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €30,138 | €4,539 | -€25,599 | -84.9% |
| Income taxes | 67/77 | €8,281 | €1,190 | -€7,091 | -85.6% |
| Profit (loss) for the period | 9904 | €21,857 | €3,349 | -€18,508 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,857 | €3,349 | -€18,508 | -84.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.