Coeo: what changed
What changed
Coeo
NACE 82.910, Office administrative, office support and other business support activities
filed annual accounts (NBB)
Net result for the year
€364,516
2024 · €640,952-€276,437
Equity
€1.8m
2024 · €1.4m+€364,516
Cash
€468,584
2024 · €424,761+€43,823
Balance sheet total
€2.6m
2024 · €1.8m+€840,957
Largest movements
Assets
- Financial fixed assets +€878,908
up €878,908 (+93.0%), from €944,723 to €1.8m
- Intangible fixed assets -€62,597
down €62,597 (-35.3%), from €177,358 to €114,761
- Cash +€43,823
up €43,823 (+10.3%), from €424,761 to €468,584
mainly Net result for the year (+€364,516) and Trade debts (+€182,367)
Equity and liabilities
- Profit (loss) carried forward +€364,516
up €364,516 (+25.9%), from €1.4m to €1.8m
- Trade debts +€182,367
up €182,367 (+523%), from €34,881 to €217,248
- Tax, wage and social debts +€125,237
up €125,237 (+424%), from €29,503 to €154,740
of which Remuneration and social security: +€97,135
- Other debts +€63,556
new in 2025: €63,556
- Debts after one year +€55,562
up €55,562 (+9,032%), from €615 to €56,177
Income statement
- Gross operating margin -€633,154
down €633,154 (-31.9%), from €2.0m to €1.4m
- Taxes -€115,184
down €115,184 (-46.5%), from €247,858 to €132,674
- Staff costs +€102,432
up €102,432 (+18.9%), from €542,233 to €644,665
- Financial charges -€42,510
down €42,510, from €1,287 to -€41,223
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.
Result 2024
€640,952
Gross operating margin
-€633,154
Staff costs
-€102,432
Depreciation
-€334
Provisions
+€7,807
Other operating charges
-€136
Other operating items
+€299,380
Financial income
-€5,262
Financial charges
+€42,510
Taxes
+€115,184
Result 2025
€364,516
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€871,963
Investment
-€883,702
Financing
+€55,562
Cash 2024
€424,761
From operations (derived)
+€871,963
Net result for the year
+€364,516
Depreciation
+€72,096
Receivables within one year
+€12,083
Deferred charges and accrued income
+€2,388
Provisions
+€32,534
Trade debts
+€182,367
Tax, wage and social debts
+€125,237
Other debts
+€63,556
Accrued charges and deferred income
+€17,184
Investment (derived)
-€883,702
Investment in fixed assets (net)
-€883,702
Financing
+€55,562
Debts after one year
+€55,562
Cash 2025
€468,584
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,796,121 | €2,637,078 | +€840,957 | +46.8% |
| Fixed assets | 21/28 | €1,147,353 | €1,958,959 | +€811,606 | +70.7% |
| Intangible fixed assets | 21 | €177,358 | €114,761 | -€62,597 | -35.3% |
| Tangible fixed assets | 22/27 | €25,272 | €20,567 | -€4,705 | -18.6% |
| Other tangible fixed assets | 26 | €25,272 | €20,567 | -€4,705 | -18.6% |
| Financial fixed assets | 28 | €944,723 | €1,823,631 | +€878,908 | +93.0% |
| Current assets | 29/58 | €648,768 | €678,119 | +€29,351 | +4.5% |
| Amounts receivable within one year | 40/41 | €213,927 | €201,843 | -€12,083 | -5.6% |
| Trade receivables | 40 | €85,132 | €178,235 | +€93,103 | +109% |
| Other amounts receivable | 41 | €128,795 | €23,608 | -€105,187 | -81.7% |
| Cash at bank and in hand | 54/58 | €424,761 | €468,584 | +€43,823 | +10.3% |
| Deferred charges and accrued income | 490/1 | €10,080 | €7,692 | -€2,388 | -23.7% |
| Total equity and liabilities | 10/49 | €1,796,121 | €2,637,078 | +€840,957 | +46.8% |
| Equity | 10/15 | €1,408,400 | €1,772,915 | +€364,516 | +25.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,407,400 | €1,771,915 | +€364,516 | +25.9% |
| Provisions and deferred taxes | 16 | €222,881 | €255,415 | +€32,534 | +14.6% |
| Provisions for liabilities and charges | 160/5 | €222,881 | €255,415 | +€32,534 | +14.6% |
| Other liabilities and charges | 164/5 | €222,881 | €255,415 | +€32,534 | +14.6% |
| Amounts payable | 17/49 | €164,841 | €608,748 | +€443,907 | +269% |
| Amounts payable after more than one year | 17 | €615 | €56,177 | +€55,562 | +9,032% |
| Financial debts | 170/4 | €615 | €56,177 | +€55,562 | +9,032% |
| Amounts payable within one year | 42/48 | €64,384 | €435,545 | +€371,161 | +576% |
| Trade debts | 44 | €34,881 | €217,248 | +€182,367 | +523% |
| Suppliers | 440/4 | €34,881 | €217,248 | +€182,367 | +523% |
| Taxes, remuneration and social security | 45 | €29,503 | €154,740 | +€125,237 | +424% |
| Taxes | 450/3 | €29 | €28,132 | +€28,102 | +95,652% |
| Remuneration and social security | 454/9 | €29,474 | €126,609 | +€97,135 | +330% |
| Other amounts payable | 47/48 | - | €63,556 | +€63,556 | |
| Accrued charges and deferred income | 492/3 | €99,841 | €117,026 | +€17,184 | +17.2% |
| Remuneration, social security and pensions | 62 | €542,233 | €644,665 | +€102,432 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,762 | €72,096 | +€334 | +0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,341 | €32,534 | -€7,807 | -19.4% |
| Other operating charges | 640/8 | €936 | €1,072 | +€136 | +14.5% |
| Non-recurring operating charges | 66A | €443,670 | €144,290 | -€299,380 | -67.5% |
| Gross operating margin | 9900 | €1,983,779 | €1,350,625 | -€633,154 | -31.9% |
| Operating profit (loss) | 9901 | €884,836 | €455,967 | -€428,869 | -48.5% |
| Financial income | 75/76B | €5,262 | €0 | -€5,262 | -100.0% |
| Recurring financial income | 75 | €5,262 | €0 | -€5,262 | -100.0% |
| Financial charges | 65/66B | €1,287 | -€41,223 | -€42,510 | |
| Recurring financial charges | 65 | €1,287 | -€41,223 | -€42,510 | |
| Profit (loss) for the period before taxes | 9903 | €888,811 | €497,190 | -€391,621 | -44.1% |
| Income taxes | 67/77 | €247,858 | €132,674 | -€115,184 | -46.5% |
| Profit (loss) for the period | 9904 | €640,952 | €364,516 | -€276,437 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €640,952 | €364,516 | -€276,437 | -43.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.