Skip to content

COAN: 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.

What changed

COAN

BE 1014.995.231
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,066
2024 · €438+€628
Equity
€2,504
2024 · €1,438+€1,066
Cash
€281
2024 · €3,313-€3,032
Balance sheet total
€7,487
2024 · €6,088+€1,399

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€4,203

    new in 2025: €4,203

  • Cash -€3,032

    down €3,032 (-91.5%), from €3,313 to €281

    mainly Investment in fixed assets (net) (-€4,719) and Receivables within one year (-€934)

  • Receivables within one year +€934

    up €934 (+57.3%), from €1,630 to €2,564

    of which Other amounts receivable: +€2,564

  • Deferred charges and accrued income -€706

    down €706 (-61.7%), from €1,145 to €439

Equity and liabilities
  • Reserves +€1,066

    up €1,066 (+243%), from €438 to €1,504

  • Tax, wage and social debts +€403

    up €403 (+14.4%), from €2,797 to €3,200

Income statement
  • Gross operating margin +€1,593

    up €1,593 (+160%), from €997 to €2,590

  • Depreciation +€516

    new in 2025: €516

  • Financial charges +€238

    up €238 (+1,901%), from €13 to €250

  • Taxes +€176

    up €176 (+161%), from €109 to €286

  • Other operating charges +€129

    up €129 (+29.4%), from €437 to €566

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €438
Gross operating margin +€1,593
Depreciation -€516
Other operating charges -€129
Financial income +€93
Financial charges -€238
Taxes -€176
Result 2025 €1,066
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€1,687
Investment -€4,719
Financing €0
Cash 2024 €3,313
Net result for the year +€1,066
Depreciation +€516
Receivables within one year -€934
Deferred charges and accrued income +€706
Trade debts -€70
Tax, wage and social debts +€403
Investment in fixed assets (net) -€4,719
Cash 2025 €281
brings cash intakes cash out
Every line side by side 33 lines
Line Code 2024 2025 Change %
Total assets 20/58 €6,088 €7,487 +€1,399 +23.0%
Fixed assets 21/28 - €4,203 +€4,203
Tangible fixed assets 22/27 - €4,203 +€4,203
Other tangible fixed assets 26 - €4,203 +€4,203
Current assets 29/58 €6,088 €3,284 -€2,804 -46.1%
Amounts receivable within one year 40/41 €1,630 €2,564 +€934 +57.3%
Trade receivables 40 €1,630 €0 -€1,630 -100%
Other amounts receivable 41 - €2,564 +€2,564
Cash at bank and in hand 54/58 €3,313 €281 -€3,032 -91.5%
Deferred charges and accrued income 490/1 €1,145 €439 -€706 -61.7%
Total equity and liabilities 10/49 €6,088 €7,487 +€1,399 +23.0%
Equity 10/15 €1,438 €2,504 +€1,066 +74.1%
Contributions 10/11 €1,000 €1,000 = 0.0%
Reserves 13 €438 €1,504 +€1,066 +243%
Distributable reserves 133 €438 €1,504 +€1,066 +243%
Amounts payable 17/49 €4,650 €4,984 +€334 +7.2%
Amounts payable within one year 42/48 €4,650 €4,984 +€334 +7.2%
Trade debts 44 €1,853 €1,783 -€70 -3.8%
Suppliers 440/4 €1,853 €1,783 -€70 -3.8%
Taxes, remuneration and social security 45 €2,797 €3,200 +€403 +14.4%
Taxes 450/3 €2,797 €3,200 +€403 +14.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €516 +€516
Other operating charges 640/8 €437 €566 +€129 +29.4%
Gross operating margin 9900 €997 €2,590 +€1,593 +160%
Operating profit (loss) 9901 €560 €1,508 +€948 +169%
Financial income 75/76B - €93 +€93
Recurring financial income 75 - €93 +€93
Financial charges 65/66B €13 €250 +€238 +1,901%
Recurring financial charges 65 €13 €250 +€238 +1,901%
Profit (loss) for the period before taxes 9903 €547 €1,351 +€804 +147%
Income taxes 67/77 €109 €286 +€176 +161%
Profit (loss) for the period 9904 €438 €1,066 +€628 +143%
Profit (loss) for the period to be appropriated 9905 €438 €1,066 +€628 +143%

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 26 October 2026 via checked.be.