Cotani: 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.
Cotani
Largest movements
- Tangible fixed assets +€12,303
up €12,303 (+5.8%), from €210,632 to €222,935
of which Furniture and vehicles: +€13,519
- Cash +€12,199
up €12,199 (+14.2%), from €86,111 to €98,310
mainly Net result for the year (+€49,487) and Other debts (+€48,853)
- Receivables within one year -€11,547
down €11,547 (-64.0%), from €18,049 to €6,502
of which Trade receivables: -€14,463
- Other debts +€48,853
up €48,853 (+37.6%), from €129,873 to €178,726
- Profit (loss) carried forward -€40,513
down €40,513 (-27.2%), from €148,772 to €108,259
- Accrued charges and deferred income +€6,992
up €6,992 (+94.0%), from €7,437 to €14,429
- Gross operating margin +€8,532
up €8,532 (+11.2%), from €76,067 to €84,599
- Depreciation +€3,318
up €3,318 (+37.2%), from €8,908 to €12,226
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 | €317,638 | €328,444 | +€10,806 | +3.4% |
| Fixed assets | 21/28 | €210,632 | €222,935 | +€12,303 | +5.8% |
| Tangible fixed assets | 22/27 | €210,632 | €222,935 | +€12,303 | +5.8% |
| Land and buildings | 22 | €207,879 | €207,258 | -€621 | -0.3% |
| Plant, machinery and equipment | 23 | €1,370 | €775 | -€595 | -43.4% |
| Furniture and vehicles | 24 | €1,383 | €14,902 | +€13,519 | +978% |
| Current assets | 29/58 | €107,006 | €105,509 | -€1,497 | -1.4% |
| Amounts receivable within one year | 40/41 | €18,049 | €6,502 | -€11,547 | -64.0% |
| Trade receivables | 40 | €18,049 | €3,586 | -€14,463 | -80.1% |
| Other amounts receivable | 41 | - | €2,916 | +€2,916 | |
| Cash at bank and in hand | 54/58 | €86,111 | €98,310 | +€12,199 | +14.2% |
| Deferred charges and accrued income | 490/1 | €2,846 | €697 | -€2,149 | -75.5% |
| Total equity and liabilities | 10/49 | €317,638 | €328,444 | +€10,806 | +3.4% |
| Equity | 10/15 | €169,232 | €128,719 | -€40,513 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,772 | €108,259 | -€40,513 | -27.2% |
| Amounts payable | 17/49 | €148,406 | €199,725 | +€51,319 | +34.6% |
| Amounts payable within one year | 42/48 | €140,969 | €185,296 | +€44,327 | +31.4% |
| Trade debts | 44 | €4,557 | €3,150 | -€1,407 | -30.9% |
| Suppliers | 440/4 | €4,557 | €3,150 | -€1,407 | -30.9% |
| Taxes, remuneration and social security | 45 | €6,539 | €3,420 | -€3,119 | -47.7% |
| Taxes | 450/3 | €6,539 | €3,420 | -€3,119 | -47.7% |
| Other amounts payable | 47/48 | €129,873 | €178,726 | +€48,853 | +37.6% |
| Accrued charges and deferred income | 492/3 | €7,437 | €14,429 | +€6,992 | +94.0% |
| Non-recurring operating income | 76A | - | €2,083 | +€2,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,908 | €12,226 | +€3,318 | +37.2% |
| Other operating charges | 640/8 | €2,756 | €3,063 | +€307 | +11.1% |
| Gross operating margin | 9900 | €76,067 | €84,599 | +€8,532 | +11.2% |
| Operating profit (loss) | 9901 | €64,403 | €69,310 | +€4,907 | +7.6% |
| Financial income | 75/76B | €12 | €1 | -€11 | -91.7% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -91.7% |
| Financial charges | 65/66B | €7,472 | €7,031 | -€441 | -5.9% |
| Recurring financial charges | 65 | €7,472 | €7,031 | -€441 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €56,943 | €62,280 | +€5,337 | +9.4% |
| Income taxes | 67/77 | €12,038 | €12,793 | +€755 | +6.3% |
| Profit (loss) for the period | 9904 | €44,905 | €49,487 | +€4,582 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,905 | €49,487 | +€4,582 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.