CÔTE A CÔTE: 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.
CÔTE A CÔTE
Largest movements
- Tangible fixed assets -€18,443
down €18,443 (-22.2%), from €83,247 to €64,804
of which Furniture and vehicles: -€13,595
- Cash +€16,541
up €16,541 (+80.2%), from €20,623 to €37,164
mainly Trade debts (+€48,905) and Other debts (+€25,000)
- Receivables within one year -€6,545
down €6,545 (-7.0%), from €94,079 to €87,534
of which Other amounts receivable: -€4,955
- Profit (loss) carried forward -€66,023
down €66,023 (-3,128%), from -€2,111 to -€68,134
- Trade debts +€48,905
up €48,905 (+31.4%), from €155,669 to €204,574
- Other debts +€25,000
new in 2025: €25,000
- Debts after one year -€13,213
down €13,213 (-38.0%), from €34,731 to €21,518
of which Trade debts: -€8,765
- Current portion of long-term debt -€2,909
down €2,909 (-17.3%), from €16,840 to €13,931
- Gross operating margin -€46,369
down €46,369 (-26.1%), from €177,356 to €130,987
- Other operating charges -€17,464
down €17,464 (-66.9%), from €26,109 to €8,645
- Staff costs +€7,214
up €7,214 (+4.6%), from €157,298 to €164,512
- Financial charges -€5,169
down €5,169 (-76.7%), from €6,741 to €1,572
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 | €254,021 | €244,501 | -€9,520 | -3.7% |
| Fixed assets | 21/28 | €83,247 | €64,804 | -€18,443 | -22.2% |
| Tangible fixed assets | 22/27 | €83,247 | €64,804 | -€18,443 | -22.2% |
| Plant, machinery and equipment | 23 | €23,895 | €18,080 | -€5,815 | -24.3% |
| Furniture and vehicles | 24 | €14,491 | €896 | -€13,595 | -93.8% |
| Leasing and similar rights | 25 | €44,861 | €45,828 | +€967 | +2.2% |
| Current assets | 29/58 | €170,774 | €179,697 | +€8,923 | +5.2% |
| Amounts receivable after more than one year | 29 | €23,000 | €23,000 | = | 0.0% |
| Other amounts receivable | 291 | €23,000 | €23,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €30,962 | €31,629 | +€667 | +2.2% |
| Stocks | 30/36 | €30,962 | €31,629 | +€667 | +2.2% |
| Amounts receivable within one year | 40/41 | €94,079 | €87,534 | -€6,545 | -7.0% |
| Trade receivables | 40 | €83,502 | €81,912 | -€1,590 | -1.9% |
| Other amounts receivable | 41 | €10,577 | €5,622 | -€4,955 | -46.8% |
| Cash at bank and in hand | 54/58 | €20,623 | €37,164 | +€16,541 | +80.2% |
| Deferred charges and accrued income | 490/1 | €2,110 | €370 | -€1,740 | -82.5% |
| Total equity and liabilities | 10/49 | €254,021 | €244,501 | -€9,520 | -3.7% |
| Equity | 10/15 | €29,445 | -€36,578 | -€66,023 | |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €23,496 | €23,496 | = | 0.0% |
| Distributable reserves | 133 | €23,496 | €23,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,111 | -€68,134 | -€66,023 | -3,128% |
| Amounts payable | 17/49 | €224,576 | €281,079 | +€56,503 | +25.2% |
| Amounts payable after more than one year | 17 | €34,731 | €21,518 | -€13,213 | -38.0% |
| Financial debts | 170/4 | €6,751 | €2,303 | -€4,448 | -65.9% |
| Trade debts | 175 | €27,980 | €19,215 | -€8,765 | -31.3% |
| Amounts payable within one year | 42/48 | €189,845 | €259,561 | +€69,716 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €16,840 | €13,931 | -€2,909 | -17.3% |
| Trade debts | 44 | €155,669 | €204,574 | +€48,905 | +31.4% |
| Suppliers | 440/4 | €155,669 | €204,574 | +€48,905 | +31.4% |
| Taxes, remuneration and social security | 45 | €17,336 | €16,056 | -€1,280 | -7.4% |
| Taxes | 450/3 | - | €734 | +€734 | |
| Remuneration and social security | 454/9 | €17,336 | €15,322 | -€2,014 | -11.6% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €157,298 | €164,512 | +€7,214 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,987 | €22,193 | -€794 | -3.5% |
| Other operating charges | 640/8 | €26,109 | €8,645 | -€17,464 | -66.9% |
| Gross operating margin | 9900 | €177,356 | €130,987 | -€46,369 | -26.1% |
| Operating profit (loss) | 9901 | -€29,038 | -€64,363 | -€35,325 | -122% |
| Financial income | 75/76B | €25 | €132 | +€107 | +428% |
| Recurring financial income | 75 | €25 | €132 | +€107 | +428% |
| Financial charges | 65/66B | €6,741 | €1,572 | -€5,169 | -76.7% |
| Recurring financial charges | 65 | €6,741 | €1,572 | -€5,169 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,754 | -€65,803 | -€30,049 | -84.0% |
| Income taxes | 67/77 | - | €220 | +€220 | |
| Profit (loss) for the period | 9904 | -€35,754 | -€66,023 | -€30,269 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,754 | -€66,023 | -€30,269 | -84.7% |
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 1 November 2026 via checked.be.