POL COKELAERE: 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.
POL COKELAERE
Largest movements
- Cash -€7,588
down €7,588 (-27.1%), from €27,977 to €20,389
mainly Net result for the year (-€9,962) and Trade debts (-€1,237)
- Tangible fixed assets -€2,652
down €2,652 (-63.7%), from €4,166 to €1,514
of which Furniture and vehicles: -€2,472
- Receivables within one year -€1,295
down €1,295 (-76.3%), from €1,698 to €403
of which Trade receivables: -€750
- Profit (loss) carried forward -€9,962
down €9,962 (-142%), from -€7,022 to -€16,984
- Trade debts -€1,237
down €1,237 (-58.0%), from €2,133 to €895
- Gross operating margin -€2,818
down €2,818 (-81.4%), from -€3,461 to -€6,280
- Other operating charges +€219
up €219 (+28.6%), from €766 to €984
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 | €33,841 | €22,306 | -€11,535 | -34.1% |
| Fixed assets | 21/28 | €4,166 | €1,514 | -€2,652 | -63.7% |
| Tangible fixed assets | 22/27 | €4,166 | €1,514 | -€2,652 | -63.7% |
| Plant, machinery and equipment | 23 | €323 | €143 | -€180 | -55.7% |
| Furniture and vehicles | 24 | €3,842 | €1,370 | -€2,472 | -64.3% |
| Current assets | 29/58 | €29,675 | €20,792 | -€8,883 | -29.9% |
| Amounts receivable within one year | 40/41 | €1,698 | €403 | -€1,295 | -76.3% |
| Trade receivables | 40 | €750 | €0 | -€750 | -100% |
| Other amounts receivable | 41 | €948 | €403 | -€545 | -57.5% |
| Cash at bank and in hand | 54/58 | €27,977 | €20,389 | -€7,588 | -27.1% |
| Total equity and liabilities | 10/49 | €33,841 | €22,306 | -€11,535 | -34.1% |
| Equity | 10/15 | €23,896 | €13,934 | -€9,962 | -41.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,718 | €24,718 | = | 0.0% |
| Distributable reserves | 133 | €24,718 | €24,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,022 | -€16,984 | -€9,962 | -142% |
| Amounts payable | 17/49 | €9,945 | €8,372 | -€1,573 | -15.8% |
| Amounts payable within one year | 42/48 | €9,945 | €8,372 | -€1,573 | -15.8% |
| Trade debts | 44 | €2,133 | €895 | -€1,237 | -58.0% |
| Suppliers | 440/4 | €2,133 | €895 | -€1,237 | -58.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,812 | €7,477 | -€335 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €2,652 | = | 0.0% |
| Other operating charges | 640/8 | €766 | €984 | +€219 | +28.6% |
| Gross operating margin | 9900 | -€3,461 | -€6,280 | -€2,818 | -81.4% |
| Operating profit (loss) | 9901 | -€6,879 | -€9,916 | -€3,037 | -44.1% |
| Financial income | 75/76B | €17 | €14 | -€3 | -17.2% |
| Recurring financial income | 75 | €17 | €14 | -€3 | -17.2% |
| Financial charges | 65/66B | €50 | €60 | +€10 | +20.7% |
| Recurring financial charges | 65 | €50 | €60 | +€10 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,912 | -€9,962 | -€3,050 | -44.1% |
| Profit (loss) for the period | 9904 | -€6,912 | -€9,962 | -€3,050 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,912 | -€9,962 | -€3,050 | -44.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.