CO-QUOTI: 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.
CO-QUOTI
Largest movements
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets +€37,501
up €37,501 (+89.8%), from €41,753 to €79,254
of which Other tangible fixed assets: +€63,062
- Cash +€24,660
up €24,660 (+10.0%), from €246,645 to €271,304
mainly Current investments (+€70,000) and Net result for the year (+€39,333)
- Receivables within one year +€7,992
up €7,992 (+10.1%), from €78,918 to €86,910
- Reserves +€39,000
up €39,000 (+50.4%), from €77,340 to €116,340
of which Distributable reserves: +€39,000
- Tax, wage and social debts -€33,466
down €33,466 (-27.5%), from €121,819 to €88,352
of which Taxes: -€20,615
- Debts after one year -€20,430
down €20,430 (-16.9%), from €120,536 to €100,106
of which Other amounts payable: -€48,408
- Current portion of long-term debt +€12,193
new in 2025: €12,193
- Gross operating margin -€112,249
down €112,249 (-17.7%), from €632,766 to €520,518
- Staff costs +€22,140
up €22,140 (+5.5%), from €403,928 to €426,069
- Taxes -€12,677
down €12,677 (-33.0%), from €38,413 to €25,736
- Financial charges +€6,477
up €6,477 (+909%), from €712 to €7,189
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 | €447,679 | €447,165 | -€514 | -0.1% |
| Fixed assets | 21/28 | €41,753 | €79,254 | +€37,501 | +89.8% |
| Tangible fixed assets | 22/27 | €41,753 | €79,254 | +€37,501 | +89.8% |
| Plant, machinery and equipment | 23 | €13,662 | €11,705 | -€1,958 | -14.3% |
| Furniture and vehicles | 24 | €7,321 | €925 | -€6,396 | -87.4% |
| Other tangible fixed assets | 26 | €3,563 | €66,625 | +€63,062 | +1,770% |
| Assets under construction and advance payments | 27 | €17,207 | - | -€17,207 | |
| Current assets | 29/58 | €405,925 | €367,911 | -€38,015 | -9.4% |
| Stocks and contracts in progress | 3 | €9,409 | €9,444 | +€35 | +0.4% |
| Stocks | 30/36 | €9,409 | €9,444 | +€35 | +0.4% |
| Amounts receivable within one year | 40/41 | €78,918 | €86,910 | +€7,992 | +10.1% |
| Trade receivables | 40 | €78,918 | €86,910 | +€7,992 | +10.1% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €246,645 | €271,304 | +€24,660 | +10.0% |
| Deferred charges and accrued income | 490/1 | €954 | €253 | -€701 | -73.5% |
| Total equity and liabilities | 10/49 | €447,679 | €447,165 | -€514 | -0.1% |
| Equity | 10/15 | €85,041 | €123,541 | +€38,500 | +45.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €77,340 | €116,340 | +€39,000 | +50.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,480 | €25,480 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €89,000 | +€39,000 | +78.0% |
| Profit (loss) carried forward | 14 | €1,503 | €1,004 | -€500 | -33.2% |
| Amounts payable | 17/49 | €362,638 | €323,624 | -€39,014 | -10.8% |
| Amounts payable after more than one year | 17 | €120,536 | €100,106 | -€20,430 | -16.9% |
| Financial debts | 170/4 | - | €27,978 | +€27,978 | |
| Other amounts payable | 178/9 | €120,536 | €72,127 | -€48,408 | -40.2% |
| Amounts payable within one year | 42/48 | €242,103 | €223,518 | -€18,584 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,193 | +€12,193 | |
| Trade debts | 44 | €119,724 | €122,390 | +€2,666 | +2.2% |
| Suppliers | 440/4 | €119,724 | €122,390 | +€2,666 | +2.2% |
| Taxes, remuneration and social security | 45 | €121,819 | €88,352 | -€33,466 | -27.5% |
| Taxes | 450/3 | €69,726 | €49,111 | -€20,615 | -29.6% |
| Remuneration and social security | 454/9 | €52,093 | €39,242 | -€12,851 | -24.7% |
| Other amounts payable | 47/48 | €560 | €583 | +€23 | +4.1% |
| Remuneration, social security and pensions | 62 | €403,928 | €426,069 | +€22,140 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,923 | €12,585 | +€662 | +5.5% |
| Other operating charges | 640/8 | €12,815 | €10,642 | -€2,173 | -17.0% |
| Gross operating margin | 9900 | €632,766 | €520,518 | -€112,249 | -17.7% |
| Operating profit (loss) | 9901 | €204,100 | €71,222 | -€132,878 | -65.1% |
| Financial income | 75/76B | €7,129 | €1,036 | -€6,093 | -85.5% |
| Recurring financial income | 75 | €7,129 | €1,036 | -€6,093 | -85.5% |
| Financial charges | 65/66B | €712 | €7,189 | +€6,477 | +909% |
| Recurring financial charges | 65 | €712 | €7,189 | +€6,477 | +909% |
| Profit (loss) for the period before taxes | 9903 | €210,517 | €65,069 | -€145,448 | -69.1% |
| Income taxes | 67/77 | €38,413 | €25,736 | -€12,677 | -33.0% |
| Profit (loss) for the period | 9904 | €172,104 | €39,333 | -€132,771 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €172,104 | €39,333 | -€132,771 | -77.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.