COT CONSTRUCT: 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.
COT CONSTRUCT
Largest movements
- Receivables within one year +€65,658
up €65,658 (+192.0%), from €34,192 to €99,849
of which Trade receivables: +€51,024
- Tangible fixed assets +€15,315
up €15,315 (+1422.2%), from €1,077 to €16,392
of which Furniture and vehicles: +€11,552
- Trade debts +€52,690
up €52,690 (+211.3%), from €24,932 to €77,622
- Tax, wage and social debts +€12,552
up €12,552 (+1276.1%), from €984 to €13,536
of which Taxes: +€9,759
- Reserves +€10,000
new in 2024: €10,000
- Debts after one year +€5,142
up €5,142 (+37.9%), from €13,581 to €18,723
of which Financial debts: +€13,691
- Profit (loss) carried forward +€2,343
up €2,343 (+1092.1%), from €215 to €2,557
- Staff costs -€21,996
down €21,996 (-30.3%), from €72,645 to €50,648
- Taxes +€5,037
up €5,037 (+3358.0%), from €150 to €5,187
- Gross operating margin -€3,446
down €3,446 (-4.5%), from €76,252 to €72,806
- Financial charges +€795
up €795 (+359.4%), from €221 to €1,017
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,211 | €122,938 | +€82,727 | +205.7% |
| Fixed assets | 21/28 | €1,077 | €16,392 | +€15,315 | +1422.2% |
| Tangible fixed assets | 22/27 | €1,077 | €16,392 | +€15,315 | +1422.2% |
| Plant, machinery and equipment | 23 | €1,077 | €4,840 | +€3,763 | +349.4% |
| Furniture and vehicles | 24 | - | €11,552 | +€11,552 | |
| Current assets | 29/58 | €39,134 | €106,546 | +€67,412 | +172.3% |
| Amounts receivable within one year | 40/41 | €34,192 | €99,849 | +€65,658 | +192.0% |
| Trade receivables | 40 | €33,477 | €84,501 | +€51,024 | +152.4% |
| Other amounts receivable | 41 | €715 | €15,348 | +€14,633 | +2047.2% |
| Cash at bank and in hand | 54/58 | €4,920 | €5,627 | +€707 | +14.4% |
| Deferred charges and accrued income | 490/1 | €23 | €1,070 | +€1,047 | +4630.3% |
| Total equity and liabilities | 10/49 | €40,211 | €122,938 | +€82,727 | +205.7% |
| Equity | 10/15 | €715 | €13,057 | +€12,343 | +1727.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €215 | €2,557 | +€2,343 | +1092.1% |
| Amounts payable | 17/49 | €39,497 | €109,881 | +€70,384 | +178.2% |
| Amounts payable after more than one year | 17 | €13,581 | €18,723 | +€5,142 | +37.9% |
| Financial debts | 170/4 | - | €13,691 | +€13,691 | |
| Other amounts payable | 178/9 | €13,581 | €5,031 | -€8,550 | -63.0% |
| Amounts payable within one year | 42/48 | €25,916 | €91,158 | +€65,243 | +251.7% |
| Trade debts | 44 | €24,932 | €77,622 | +€52,690 | +211.3% |
| Suppliers | 440/4 | €24,932 | €77,622 | +€52,690 | +211.3% |
| Taxes, remuneration and social security | 45 | €984 | €13,536 | +€12,552 | +1276.1% |
| Taxes | 450/3 | €150 | €9,909 | +€9,759 | +6506.2% |
| Remuneration and social security | 454/9 | €834 | €3,627 | +€2,793 | +335.0% |
| Remuneration, social security and pensions | 62 | €72,645 | €50,648 | -€21,996 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,409 | €2,799 | +€390 | +16.2% |
| Other operating charges | 640/8 | €616 | €848 | +€232 | +37.7% |
| Gross operating margin | 9900 | €76,252 | €72,806 | -€3,446 | -4.5% |
| Operating profit (loss) | 9901 | €583 | €18,511 | +€17,927 | +3073.3% |
| Financial income | 75/76B | €2 | €36 | +€33 | +1328.9% |
| Recurring financial income | 75 | €2 | €36 | +€33 | +1328.9% |
| Financial charges | 65/66B | €221 | €1,017 | +€795 | +359.4% |
| Recurring financial charges | 65 | €221 | €1,017 | +€795 | +359.4% |
| Profit (loss) for the period before taxes | 9903 | €365 | €17,530 | +€17,165 | +4709.1% |
| Income taxes | 67/77 | €150 | €5,187 | +€5,037 | +3358.0% |
| Profit (loss) for the period | 9904 | €215 | €12,343 | +€12,128 | +5653.9% |
| Profit (loss) for the period to be appropriated | 9905 | €215 | €12,343 | +€12,128 | +5653.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.