COTE 163: 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.
COTE 163
Largest movements
- Tangible fixed assets -€27,928
down €27,928 (-12.6%), from €221,152 to €193,225
of which Furniture and vehicles: -€20,699
- Receivables within one year -€12,234
down €12,234 (-74.6%), from €16,393 to €4,159
of which Trade receivables: -€6,354
- Cash +€9,338
up €9,338 (+6,859%), from €136 to €9,474
mainly Depreciation (+€31,291) and Other debts (+€12,653)
- Stocks and contracts -€3,350
down €3,350 (-13.2%), from €25,293 to €21,943
- Debts after one year -€21,222
down €21,222 (-19.9%), from €106,417 to €85,195
- Other debts +€12,653
up €12,653 (+32.3%), from €39,188 to €51,841
- Short-term financial debts -€12,191
down €12,191 (-62.0%), from €19,667 to €7,476
- Profit (loss) carried forward -€8,338
down €8,338 (-55.4%), from €15,042 to €6,705
- Other operating charges +€8,022
up €8,022 (+210%), from €3,824 to €11,847
- Gross operating margin -€7,986
down €7,986 (-16.7%), from €47,737 to €39,751
- Depreciation +€4,279
up €4,279 (+15.8%), from €27,012 to €31,291
- Taxes -€2,719
down €2,719 (-100.0%), from €2,720 to €1
- Financial income -€1,403
down €1,403 (-73.1%), from €1,920 to €517
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 | €269,870 | €237,944 | -€31,926 | -11.8% |
| Fixed assets | 21/28 | €222,652 | €194,725 | -€27,928 | -12.5% |
| Tangible fixed assets | 22/27 | €221,152 | €193,225 | -€27,928 | -12.6% |
| Land and buildings | 22 | €123,135 | €118,952 | -€4,183 | -3.4% |
| Plant, machinery and equipment | 23 | €18,998 | €15,953 | -€3,045 | -16.0% |
| Furniture and vehicles | 24 | €79,019 | €58,320 | -€20,699 | -26.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €47,217 | €43,219 | -€3,999 | -8.5% |
| Stocks and contracts in progress | 3 | €25,293 | €21,943 | -€3,350 | -13.2% |
| Stocks | 30/36 | €25,293 | €21,943 | -€3,350 | -13.2% |
| Amounts receivable within one year | 40/41 | €16,393 | €4,159 | -€12,234 | -74.6% |
| Trade receivables | 40 | €10,513 | €4,159 | -€6,354 | -60.4% |
| Other amounts receivable | 41 | €5,880 | €0 | -€5,880 | -100% |
| Cash at bank and in hand | 54/58 | €136 | €9,474 | +€9,338 | +6,859% |
| Deferred charges and accrued income | 490/1 | €5,395 | €7,643 | +€2,248 | +41.7% |
| Total equity and liabilities | 10/49 | €269,870 | €237,944 | -€31,926 | -11.8% |
| Equity | 10/15 | €59,825 | €50,978 | -€8,847 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,029 | €24,029 | = | 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% |
| Distributable reserves | 133 | €22,169 | €22,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,042 | €6,705 | -€8,338 | -55.4% |
| Investment grants | 15 | €2,154 | €1,645 | -€509 | -23.6% |
| Amounts payable | 17/49 | €210,044 | €186,965 | -€23,079 | -11.0% |
| Amounts payable after more than one year | 17 | €106,417 | €85,195 | -€21,222 | -19.9% |
| Financial debts | 170/4 | €106,417 | €85,195 | -€21,222 | -19.9% |
| Amounts payable within one year | 42/48 | €103,627 | €101,770 | -€1,857 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €20,680 | €21,222 | +€542 | +2.6% |
| Financial debts | 43 | €19,667 | €7,476 | -€12,191 | -62.0% |
| Credit institutions | 430/8 | €19,667 | €7,476 | -€12,191 | -62.0% |
| Trade debts | 44 | €19,563 | €17,484 | -€2,079 | -10.6% |
| Suppliers | 440/4 | €19,563 | €17,484 | -€2,079 | -10.6% |
| Taxes, remuneration and social security | 45 | €4,529 | €3,747 | -€782 | -17.3% |
| Taxes | 450/3 | €4,529 | €3,747 | -€782 | -17.3% |
| Other amounts payable | 47/48 | €39,188 | €51,841 | +€12,653 | +32.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,012 | €31,291 | +€4,279 | +15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,824 | €11,847 | +€8,022 | +210% |
| Gross operating margin | 9900 | €47,737 | €39,751 | -€7,986 | -16.7% |
| Operating profit (loss) | 9901 | €16,901 | -€3,387 | -€20,288 | |
| Financial income | 75/76B | €1,920 | €517 | -€1,403 | -73.1% |
| Recurring financial income | 75 | €1,920 | €517 | -€1,403 | -73.1% |
| Financial charges | 65/66B | €4,932 | €5,467 | +€535 | +10.8% |
| Recurring financial charges | 65 | €4,932 | €5,467 | +€535 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €13,888 | -€8,337 | -€22,226 | |
| Income taxes | 67/77 | €2,720 | €1 | -€2,719 | -100.0% |
| Profit (loss) for the period | 9904 | €11,169 | -€8,338 | -€19,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,169 | -€8,338 | -€19,507 |
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 16 October 2026 via checked.be.