S.A. COQUELETS: what changed
Two fiscal 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.
S.A. COQUELETS
Largest movements
- Tangible fixed assets -€287,215
down €287,215 (-3.2%), from €8.9m to €8.6m
- Debts after one year -€832,743
down €832,743 (-9.8%), from €8.5m to €7.7m
- Profit (loss) carried forward +€443,537
up €443,537 (+23.0%), from €1.9m to €2.4m
- Turnover +€1.2m
new in 2025: €1.2m
- Gross operating margin +€29,773
up €29,773 (+2.5%), from €1.2m to €1.2m
- Depreciation +€27,564
up €27,564 (+10.6%), from €259,651 to €287,215
- Write-downs -€27,564
no longer reported in 2025 (was €27,564)
- Financial charges -€18,962
down €18,962 (-4.9%), from €390,160 to €371,198
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.
Cash bridge derived
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 | €10,929,619 | €10,538,154 | -€391,465 | -3.6% |
| Fixed assets | 21/28 | €8,922,734 | €8,635,519 | -€287,215 | -3.2% |
| Tangible fixed assets | 22/27 | €8,922,734 | €8,635,519 | -€287,215 | -3.2% |
| Other tangible fixed assets | 26 | €8,922,734 | €8,635,519 | -€287,215 | -3.2% |
| Current assets | 29/58 | €2,006,885 | €1,902,635 | -€104,250 | -5.2% |
| Cash at bank and in hand | 54/58 | €1,993,847 | €1,895,784 | -€98,063 | -4.9% |
| Deferred charges and accrued income | 490/1 | €13,038 | €6,851 | -€6,187 | -47.5% |
| Total equity and liabilities | 10/49 | €10,929,619 | €10,538,154 | -€391,465 | -3.6% |
| Equity | 10/15 | €2,290,979 | €2,734,515 | +€443,537 | +19.4% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,927,979 | €2,371,515 | +€443,537 | +23.0% |
| Amounts payable | 17/49 | €8,638,641 | €7,803,639 | -€835,002 | -9.7% |
| Amounts payable after more than one year | 17 | €8,522,743 | €7,690,000 | -€832,743 | -9.8% |
| Financial debts | 170/4 | €8,522,743 | €7,690,000 | -€832,743 | -9.8% |
| Amounts payable within one year | 42/48 | €24,628 | €32,761 | +€8,133 | +33.0% |
| Trade debts | 44 | €5,088 | €5,089 | +€2 | 0.0% |
| Suppliers | 440/4 | €5,088 | €5,089 | +€2 | 0.0% |
| Taxes, remuneration and social security | 45 | €19,540 | €27,671 | +€8,131 | +41.6% |
| Taxes | 450/3 | €19,540 | €27,671 | +€8,131 | +41.6% |
| Accrued charges and deferred income | 492/3 | €91,270 | €80,878 | -€10,392 | -11.4% |
| Turnover | 70 | - | €1,229,582 | +€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €13,700 | +€13,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,651 | €287,215 | +€27,564 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,564 | - | -€27,564 | |
| Gross operating margin | 9900 | €1,186,109 | €1,215,882 | +€29,773 | +2.5% |
| Operating profit (loss) | 9901 | €898,894 | €928,667 | +€29,773 | +3.3% |
| Financial income | 75/76B | €52,864 | €33,914 | -€18,950 | -35.8% |
| Recurring financial income | 75 | €52,864 | €33,914 | -€18,950 | -35.8% |
| Financial charges | 65/66B | €390,160 | €371,198 | -€18,962 | -4.9% |
| Recurring financial charges | 65 | €390,160 | €371,198 | -€18,962 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €561,598 | €591,382 | +€29,784 | +5.3% |
| Income taxes | 67/77 | €140,400 | €147,846 | +€7,446 | +5.3% |
| Profit (loss) for the period | 9904 | €421,199 | €443,537 | +€22,338 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €421,199 | €443,537 | +€22,338 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.