THE COACHING LOOP: 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.
THE COACHING LOOP
Largest movements
- Current investments -€850,000
down €850,000 (-100.0%), from €850,000 to €0
- Receivables within one year +€714,375
up €714,375 (+1172.5%), from €60,929 to €775,304
of which Other amounts receivable: +€716,333
- Tangible fixed assets -€67,431
down €67,431 (-5.1%), from €1.3m to €1.3m
of which Land and buildings: -€68,415
- Deferred charges and accrued income -€27,731
down €27,731 (-73.5%), from €37,732 to €10,001
- Reserves -€137,888
down €137,888 (-6.8%), from €2.0m to €1.9m
of which Distributable reserves: -€137,888
- Advances received -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Trade debts +€72,140
up €72,140 (+1415.7%), from €5,096 to €77,236
- Tax, wage and social debts -€67,029
down €67,029 (-77.4%), from €86,631 to €19,602
of which Taxes: -€66,029
- Gross operating margin -€506,690
down €506,690 (-64.1%), from €790,507 to €283,817
- Taxes -€145,886
down €145,886 (-65.4%), from €223,236 to €77,350
- Financial income +€11,627
up €11,627 (+90.3%), from €12,876 to €24,504
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 | €2,321,718 | €2,110,803 | -€210,915 | -9.1% |
| Fixed assets | 21/28 | €1,336,516 | €1,269,085 | -€67,431 | -5.0% |
| Tangible fixed assets | 22/27 | €1,334,616 | €1,267,185 | -€67,431 | -5.1% |
| Land and buildings | 22 | €1,311,095 | €1,242,680 | -€68,415 | -5.2% |
| Plant, machinery and equipment | 23 | €4,465 | €2,333 | -€2,133 | -47.8% |
| Furniture and vehicles | 24 | €8,377 | €11,494 | +€3,117 | +37.2% |
| Other tangible fixed assets | 26 | €10,678 | €10,678 | = | 0.0% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €985,202 | €841,718 | -€143,484 | -14.6% |
| Amounts receivable within one year | 40/41 | €60,929 | €775,304 | +€714,375 | +1172.5% |
| Trade receivables | 40 | €41,382 | €39,424 | -€1,958 | -4.7% |
| Other amounts receivable | 41 | €19,547 | €735,880 | +€716,333 | +3664.7% |
| Current investments | 50/53 | €850,000 | €0 | -€850,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,541 | €56,413 | +€19,871 | +54.4% |
| Deferred charges and accrued income | 490/1 | €37,732 | €10,001 | -€27,731 | -73.5% |
| Total equity and liabilities | 10/49 | €2,321,718 | €2,110,803 | -€210,915 | -9.1% |
| Equity | 10/15 | €2,033,737 | €1,895,849 | -€137,888 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,015,137 | €1,877,249 | -€137,888 | -6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,015,137 | €1,877,249 | -€137,888 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €105,157 | €105,157 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €105,157 | €105,157 | = | 0.0% |
| Pensions and similar obligations | 160 | €105,157 | €105,157 | = | 0.0% |
| Amounts payable | 17/49 | €182,824 | €109,797 | -€73,027 | -39.9% |
| Amounts payable within one year | 42/48 | €181,727 | €106,968 | -€74,759 | -41.1% |
| Trade debts | 44 | €5,096 | €77,236 | +€72,140 | +1415.7% |
| Suppliers | 440/4 | €5,096 | €77,236 | +€72,140 | +1415.7% |
| Advances received on contracts in progress | 46 | €90,000 | €0 | -€90,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €86,631 | €19,602 | -€67,029 | -77.4% |
| Taxes | 450/3 | €85,631 | €19,602 | -€66,029 | -77.1% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €0 | €10,131 | +€10,131 | |
| Accrued charges and deferred income | 492/3 | €1,097 | €2,829 | +€1,732 | +157.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,568 | €73,981 | -€4,587 | -5.8% |
| Other operating charges | 640/8 | €16,182 | €14,980 | -€1,201 | -7.4% |
| Gross operating margin | 9900 | €790,507 | €283,817 | -€506,690 | -64.1% |
| Operating profit (loss) | 9901 | €695,757 | €194,855 | -€500,902 | -72.0% |
| Financial income | 75/76B | €12,876 | €24,504 | +€11,627 | +90.3% |
| Recurring financial income | 75 | €12,876 | €24,504 | +€11,627 | +90.3% |
| Financial charges | 65/66B | €325 | €1,036 | +€711 | +218.6% |
| Recurring financial charges | 65 | €325 | €1,036 | +€711 | +218.6% |
| Profit (loss) for the period before taxes | 9903 | €708,308 | €218,323 | -€489,985 | -69.2% |
| Income taxes | 67/77 | €223,236 | €77,350 | -€145,886 | -65.4% |
| Profit (loss) for the period | 9904 | €485,072 | €140,973 | -€344,099 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €485,072 | €140,973 | -€344,099 | -70.9% |
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 29 September 2026 via checked.be.