THE COASE GROUP: what changed
THE COASE GROUP
Largest movements
- Cash -€80,216
down €80,216 (-70.8%), from €113,300 to €33,084
mainly Net result for the year (-€88,020) and Tax, wage and social debts (-€7,126)
- Receivables within one year -€23,598
down €23,598 (-10.8%), from €217,733 to €194,135
of which Trade receivables: -€97,761
- Deferred charges and accrued income +€4,360
new in 2025: €4,360
- Tangible fixed assets -€3,488
down €3,488 (-25.4%), from €13,706 to €10,218
- Profit (loss) carried forward -€88,020
new in 2025: -€88,020
- Tax, wage and social debts -€7,126
down €7,126 (-13.3%), from €53,765 to €46,638
- Trade debts -€6,830
down €6,830 (-85.2%), from €8,019 to €1,189
- Gross operating margin -€330,705
down €330,705, from €238,741 to -€91,963
- Taxes -€72,377
down €72,377 (-99.8%), from €72,519 to €142
- Financial income +€5,878
up €5,878 (+317%), from €1,856 to €7,735
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,289 | €243,347 | -€102,941 | -29.7% |
| Fixed assets | 21/28 | €15,256 | €11,768 | -€3,488 | -22.9% |
| Tangible fixed assets | 22/27 | €13,706 | €10,218 | -€3,488 | -25.4% |
| Furniture and vehicles | 24 | €13,706 | €10,218 | -€3,488 | -25.4% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €331,033 | €231,580 | -€99,453 | -30.0% |
| Amounts receivable within one year | 40/41 | €217,733 | €194,135 | -€23,598 | -10.8% |
| Trade receivables | 40 | €100,000 | €2,239 | -€97,761 | -97.8% |
| Other amounts receivable | 41 | €117,733 | €191,895 | +€74,162 | +63.0% |
| Cash at bank and in hand | 54/58 | €113,300 | €33,084 | -€80,216 | -70.8% |
| Deferred charges and accrued income | 490/1 | - | €4,360 | +€4,360 | |
| Total equity and liabilities | 10/49 | €346,289 | €243,347 | -€102,941 | -29.7% |
| Equity | 10/15 | €282,723 | €194,704 | -€88,020 | -31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,123 | €264,123 | = | 0.0% |
| Distributable reserves | 133 | €264,123 | €264,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€88,020 | -€88,020 | |
| Amounts payable | 17/49 | €63,565 | €48,644 | -€14,921 | -23.5% |
| Amounts payable within one year | 42/48 | €63,565 | €48,644 | -€14,921 | -23.5% |
| Financial debts | 43 | €1,781 | €816 | -€965 | -54.2% |
| Other loans | 439 | €1,781 | €816 | -€965 | -54.2% |
| Trade debts | 44 | €8,019 | €1,189 | -€6,830 | -85.2% |
| Suppliers | 440/4 | €8,019 | €1,189 | -€6,830 | -85.2% |
| Taxes, remuneration and social security | 45 | €53,765 | €46,638 | -€7,126 | -13.3% |
| Taxes | 450/3 | €53,765 | €46,638 | -€7,126 | -13.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,308 | €3,488 | +€179 | +5.4% |
| Gross operating margin | 9900 | €238,741 | -€91,963 | -€330,705 | |
| Operating profit (loss) | 9901 | €235,433 | -€95,451 | -€330,884 | |
| Financial income | 75/76B | €1,856 | €7,735 | +€5,878 | +317% |
| Recurring financial income | 75 | €1,856 | €7,735 | +€5,878 | +317% |
| Financial charges | 65/66B | €104 | €162 | +€58 | +56.3% |
| Recurring financial charges | 65 | €104 | €162 | +€58 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €237,186 | -€87,878 | -€325,064 | |
| Income taxes | 67/77 | €72,519 | €142 | -€72,377 | -99.8% |
| Profit (loss) for the period | 9904 | €164,667 | -€88,020 | -€252,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €164,667 | -€88,020 | -€252,687 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.