Yoeri Coessens: 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.
Yoeri Coessens
Largest movements
- Receivables after one year +€130,788
up €130,788 (+21.2%), from €617,979 to €748,767
- Cash +€55,645
up €55,645 (+982%), from €5,666 to €61,311
mainly Net result for the year (+€364,776) and Other debts (+€163,759)
- Tangible fixed assets +€41,910
up €41,910 (+8.7%), from €482,008 to €523,918
of which Furniture and vehicles: +€65,923
- Other debts +€163,759
up €163,759 (+30.9%), from €529,352 to €693,111
- Debts after one year +€83,690
up €83,690 (+51.4%), from €162,962 to €246,652
- Reserves -€28,871
down €28,871 (-5.5%), from €528,565 to €499,694
- Current portion of long-term debt -€24,313
down €24,313 (-27.7%), from €87,888 to €63,575
- Profit (loss) carried forward +€21,637
up €21,637 (+6.3%), from €343,139 to €364,776
- Depreciation +€21,646
up €21,646 (+49.6%), from €43,678 to €65,324
- Financial income +€12,113
up €12,113 (+49.9%), from €24,253 to €36,366
- Gross operating margin +€10,400
up €10,400 (+2.0%), from €520,024 to €530,424
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 | €1,788,665 | €2,013,043 | +€224,378 | +12.5% |
| Fixed assets | 21/28 | €482,258 | €524,168 | +€41,910 | +8.7% |
| Tangible fixed assets | 22/27 | €482,008 | €523,918 | +€41,910 | +8.7% |
| Land and buildings | 22 | €434,352 | €412,477 | -€21,875 | -5.0% |
| Plant, machinery and equipment | 23 | €5,776 | €5,469 | -€307 | -5.3% |
| Furniture and vehicles | 24 | €33,026 | €98,949 | +€65,923 | +200% |
| Other tangible fixed assets | 26 | €8,854 | €7,023 | -€1,831 | -20.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,306,407 | €1,488,875 | +€182,468 | +14.0% |
| Amounts receivable after more than one year | 29 | €617,979 | €748,767 | +€130,788 | +21.2% |
| Other amounts receivable | 291 | €617,979 | €748,767 | +€130,788 | +21.2% |
| Amounts receivable within one year | 40/41 | €5,609 | €7,580 | +€1,971 | +35.1% |
| Other amounts receivable | 41 | €5,609 | €7,580 | +€1,971 | +35.1% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €5,666 | €61,311 | +€55,645 | +982% |
| Deferred charges and accrued income | 490/1 | €677,153 | €659,217 | -€17,936 | -2.6% |
| Total equity and liabilities | 10/49 | €1,788,665 | €2,013,043 | +€224,378 | +12.5% |
| Equity | 10/15 | €890,304 | €883,070 | -€7,234 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €528,565 | €499,694 | -€28,871 | -5.5% |
| Distributable reserves | 133 | €528,565 | €499,694 | -€28,871 | -5.5% |
| Profit (loss) carried forward | 14 | €343,139 | €364,776 | +€21,637 | +6.3% |
| Provisions and deferred taxes | 16 | €96,217 | €90,385 | -€5,832 | -6.1% |
| Provisions for liabilities and charges | 160/5 | €96,217 | €90,385 | -€5,832 | -6.1% |
| Other liabilities and charges | 164/5 | €96,217 | €90,385 | -€5,832 | -6.1% |
| Amounts payable | 17/49 | €802,144 | €1,039,588 | +€237,444 | +29.6% |
| Amounts payable after more than one year | 17 | €162,962 | €246,652 | +€83,690 | +51.4% |
| Financial debts | 170/4 | €162,962 | €246,652 | +€83,690 | +51.4% |
| Amounts payable within one year | 42/48 | €639,182 | €792,936 | +€153,754 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €87,888 | €63,575 | -€24,313 | -27.7% |
| Trade debts | 44 | €1,816 | - | -€1,816 | |
| Suppliers | 440/4 | €1,816 | - | -€1,816 | |
| Taxes, remuneration and social security | 45 | €20,126 | €36,250 | +€16,124 | +80.1% |
| Taxes | 450/3 | €20,126 | €36,250 | +€16,124 | +80.1% |
| Other amounts payable | 47/48 | €529,352 | €693,111 | +€163,759 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,678 | €65,324 | +€21,646 | +49.6% |
| Other operating charges | 640/8 | €836 | €1,638 | +€802 | +95.9% |
| Gross operating margin | 9900 | €520,024 | €530,424 | +€10,400 | +2.0% |
| Operating profit (loss) | 9901 | €475,510 | €463,462 | -€12,048 | -2.5% |
| Financial income | 75/76B | €24,253 | €36,366 | +€12,113 | +49.9% |
| Recurring financial income | 75 | €24,253 | €36,366 | +€12,113 | +49.9% |
| Financial charges | 65/66B | €13,610 | €15,372 | +€1,762 | +12.9% |
| Recurring financial charges | 65 | €13,610 | €15,372 | +€1,762 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €486,153 | €484,456 | -€1,697 | -0.3% |
| Income taxes | 67/77 | €119,755 | €119,680 | -€75 | -0.1% |
| Profit (loss) for the period | 9904 | €366,398 | €364,776 | -€1,622 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €366,398 | €364,776 | -€1,622 | -0.4% |
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 15 October 2026 via checked.be.