COTAK: what changed
Two fiscal 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.
COTAK
Largest movements
- Cash +€111,639
up €111,639 (+99.5%), from €112,204 to €223,843
mainly Net result for the year (+€74,460) and Stocks and contracts (+€40,162)
- Stocks and contracts -€40,162
no longer reported in 2025 (was €40,162)
- Receivables within one year -€12,989
down €12,989 (-60.4%), from €21,503 to €8,514
- Financial fixed assets -€11,605
no longer reported in 2025 (was €11,605)
- Tangible fixed assets -€10,099
down €10,099 (-22.3%), from €45,370 to €35,271
of which Furniture and vehicles: -€9,819
- Reserves +€73,000
up €73,000 (+271.8%), from €26,860 to €99,860
of which Distributable reserves: +€73,000
- Tax, wage and social debts -€21,715
down €21,715 (-66.8%), from €32,505 to €10,790
of which Remuneration and social security: -€20,806
- Trade debts -€19,638
no longer reported in 2025 (was €19,638)
- Advances received -€5,929
no longer reported in 2025 (was €5,929)
- Other debts +€4,707
new in 2025: €4,707
- Turnover -€1.5m
down €1.5m (-96.4%), from €1.6m to €57,728
- Purchases and services -€1.4m
down €1.4m (-96.3%), from €1.5m to €54,096
- Staff costs -€126,166
down €126,166, from €125,591 to -€575
- Gross operating margin -€72,584
down €72,584 (-43.0%), from €168,803 to €96,218
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.
Cash bridge derived
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 | €235,744 | €267,629 | +€31,885 | +13.5% |
| Fixed assets | 21/28 | €56,975 | €35,271 | -€21,704 | -38.1% |
| Tangible fixed assets | 22/27 | €45,370 | €35,271 | -€10,099 | -22.3% |
| Plant, machinery and equipment | 23 | €280 | - | -€280 | |
| Furniture and vehicles | 24 | €45,090 | €35,271 | -€9,819 | -21.8% |
| Financial fixed assets | 28 | €11,605 | - | -€11,605 | |
| Current assets | 29/58 | €178,769 | €232,357 | +€53,589 | +30.0% |
| Stocks and contracts in progress | 3 | €40,162 | - | -€40,162 | |
| Stocks | 30/36 | €40,162 | - | -€40,162 | |
| Amounts receivable within one year | 40/41 | €21,503 | €8,514 | -€12,989 | -60.4% |
| Other amounts receivable | 41 | €21,503 | €8,514 | -€12,989 | -60.4% |
| Cash at bank and in hand | 54/58 | €112,204 | €223,843 | +€111,639 | +99.5% |
| Deferred charges and accrued income | 490/1 | €4,900 | - | -€4,900 | |
| Total equity and liabilities | 10/49 | €235,744 | €267,629 | +€31,885 | +13.5% |
| Equity | 10/15 | €177,672 | €252,132 | +€74,460 | +41.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,860 | €99,860 | +€73,000 | +271.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €98,000 | +€73,000 | +292.0% |
| Profit (loss) carried forward | 14 | €138,412 | €139,872 | +€1,460 | +1.1% |
| Amounts payable | 17/49 | €58,072 | €15,497 | -€42,575 | -73.3% |
| Amounts payable within one year | 42/48 | €58,072 | €15,497 | -€42,575 | -73.3% |
| Trade debts | 44 | €19,638 | - | -€19,638 | |
| Suppliers | 440/4 | €19,638 | - | -€19,638 | |
| Advances received on contracts in progress | 46 | €5,929 | - | -€5,929 | |
| Taxes, remuneration and social security | 45 | €32,505 | €10,790 | -€21,715 | -66.8% |
| Taxes | 450/3 | €11,699 | €10,790 | -€909 | -7.8% |
| Remuneration and social security | 454/9 | €20,806 | - | -€20,806 | |
| Other amounts payable | 47/48 | - | €4,707 | +€4,707 | |
| Turnover | 70 | €1,584,250 | €57,728 | -€1.5m | -96.4% |
| Non-recurring operating income | 76A | €27,473 | €10,773 | -€16,700 | -60.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,467,936 | €54,096 | -€1.4m | -96.3% |
| Remuneration, social security and pensions | 62 | €125,591 | -€575 | -€126,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,766 | €10,099 | +€6,333 | +168.2% |
| Other operating charges | 640/8 | €4,440 | €1,113 | -€3,327 | -74.9% |
| Non-recurring operating charges | 66A | €147 | €11 | -€136 | -92.8% |
| Gross operating margin | 9900 | €168,803 | €96,218 | -€72,584 | -43.0% |
| Operating profit (loss) | 9901 | €34,859 | €85,570 | +€50,711 | +145.5% |
| Financial income | 75/76B | €1,836 | €250 | -€1,586 | -86.4% |
| Recurring financial income | 75 | €1,836 | €250 | -€1,586 | -86.4% |
| Financial charges | 65/66B | €597 | €504 | -€92 | -15.5% |
| Recurring financial charges | 65 | €597 | €504 | -€92 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €36,099 | €85,316 | +€49,217 | +136.3% |
| Income taxes | 67/77 | €3,112 | €10,856 | +€7,744 | +248.9% |
| Profit (loss) for the period | 9904 | €32,987 | €74,460 | +€41,473 | +125.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,987 | €74,460 | +€41,473 | +125.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.