THECOCOONALIST: 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.
THECOCOONALIST
Largest movements
- Stocks and contracts -€349,173
down €349,173 (-95.9%), from €364,040 to €14,867
- Receivables within one year +€26,440
up €26,440 (+1,761%), from €1,502 to €27,942
of which Trade receivables: +€26,440
- Profit (loss) carried forward -€329,526
down €329,526 (-33.6%), from -€980,583 to -€1.3m
- Other debts +€5,154
up €5,154 (+0.4%), from €1.3m to €1.3m
- Gross operating margin -€448,545
down €448,545 (-11,805%), from -€3,800 to -€452,345
- Write-downs -€124,422
new in 2025: -€124,422
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 | €370,278 | €47,090 | -€323,188 | -87.3% |
| Fixed assets | 21/28 | €2,868 | €1,920 | -€948 | -33.1% |
| Tangible fixed assets | 22/27 | €2,868 | €1,920 | -€948 | -33.1% |
| Other tangible fixed assets | 26 | €2,868 | €1,920 | -€948 | -33.1% |
| Current assets | 29/58 | €367,410 | €45,170 | -€322,239 | -87.7% |
| Stocks and contracts in progress | 3 | €364,040 | €14,867 | -€349,173 | -95.9% |
| Stocks | 30/36 | €364,040 | €14,867 | -€349,173 | -95.9% |
| Amounts receivable within one year | 40/41 | €1,502 | €27,942 | +€26,440 | +1,761% |
| Trade receivables | 40 | €1,067 | €27,506 | +€26,440 | +2,479% |
| Other amounts receivable | 41 | €435 | €435 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,720 | €2,274 | +€554 | +32.2% |
| Deferred charges and accrued income | 490/1 | €148 | €88 | -€60 | -40.3% |
| Total equity and liabilities | 10/49 | €370,278 | €47,090 | -€323,188 | -87.3% |
| Equity | 10/15 | -€974,383 | -€1,303,909 | -€329,526 | -33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€980,583 | -€1,310,109 | -€329,526 | -33.6% |
| Amounts payable | 17/49 | €1,344,661 | €1,351,000 | +€6,338 | +0.5% |
| Amounts payable within one year | 42/48 | €1,344,661 | €1,351,000 | +€6,338 | +0.5% |
| Trade debts | 44 | €2,936 | €4,005 | +€1,069 | +36.4% |
| Suppliers | 440/4 | €2,936 | €4,005 | +€1,069 | +36.4% |
| Taxes, remuneration and social security | 45 | €200 | €315 | +€115 | +57.4% |
| Taxes | 450/3 | €200 | €315 | +€115 | +57.4% |
| Other amounts payable | 47/48 | €1,341,526 | €1,346,680 | +€5,154 | +0.4% |
| Non-recurring operating income | 76A | €1,072 | - | -€1,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €948 | -€103 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€124,422 | -€124,422 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,800 | -€452,345 | -€448,545 | -11,805% |
| Operating profit (loss) | 9901 | -€5,238 | -€329,272 | -€324,033 | -6,186% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €832 | €254 | -€577 | -69.4% |
| Recurring financial charges | 65 | €832 | €254 | -€577 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,070 | -€329,526 | -€323,457 | -5,329% |
| Profit (loss) for the period | 9904 | -€6,070 | -€329,526 | -€323,457 | -5,329% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,070 | -€329,526 | -€323,457 | -5,329% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.