COTE COUR: 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 COUR
Largest movements
- Cash -€193,064
down €193,064 (-34.1%), from €565,989 to €372,925
mainly Net result for the year (-€278,180) and Receivables within one year (-€69,100)
- Financial fixed assets -€170,000
down €170,000 (-87.6%), from €194,000 to €24,000
- Receivables within one year +€69,100
up €69,100 (+76.5%), from €90,277 to €159,377
of which Other amounts receivable: +€66,811
- Tangible fixed assets +€45,308
up €45,308 (+40.0%), from €113,330 to €158,639
of which Land and buildings: +€47,063
- Receivables after one year -€35,000
down €35,000 (-18.9%), from €185,000 to €150,000
- Profit (loss) carried forward -€278,180
down €278,180 (-400%), from -€69,507 to -€347,688
- Financial charges +€170,389
up €170,389 (+6,532%), from €2,609 to €172,997
of which Non-recurring financial charges: +€170,000
- Gross operating margin -€31,967
down €31,967 (-46.7%), from -€68,382 to -€100,349
- Write-downs -€11,970
no longer reported in 2025 (was €11,970)
- Depreciation +€3,006
up €3,006 (+20.0%), from €15,065 to €18,070
- Financial income +€2,190
up €2,190 (+12.7%), from €17,303 to €19,493
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 | €1,151,820 | €869,305 | -€282,515 | -24.5% |
| Fixed assets | 21/28 | €307,330 | €182,639 | -€124,692 | -40.6% |
| Tangible fixed assets | 22/27 | €113,330 | €158,639 | +€45,308 | +40.0% |
| Land and buildings | 22 | €101,948 | €149,011 | +€47,063 | +46.2% |
| Furniture and vehicles | 24 | €11,382 | €9,628 | -€1,755 | -15.4% |
| Financial fixed assets | 28 | €194,000 | €24,000 | -€170,000 | -87.6% |
| Current assets | 29/58 | €844,489 | €686,666 | -€157,823 | -18.7% |
| Amounts receivable after more than one year | 29 | €185,000 | €150,000 | -€35,000 | -18.9% |
| Other amounts receivable | 291 | €185,000 | €150,000 | -€35,000 | -18.9% |
| Amounts receivable within one year | 40/41 | €90,277 | €159,377 | +€69,100 | +76.5% |
| Trade receivables | 40 | €2,825 | €5,114 | +€2,289 | +81.0% |
| Other amounts receivable | 41 | €87,452 | €154,263 | +€66,811 | +76.4% |
| Cash at bank and in hand | 54/58 | €565,989 | €372,925 | -€193,064 | -34.1% |
| Deferred charges and accrued income | 490/1 | €3,224 | €4,364 | +€1,140 | +35.4% |
| Total equity and liabilities | 10/49 | €1,151,820 | €869,305 | -€282,515 | -24.5% |
| Equity | 10/15 | €838,994 | €560,813 | -€278,180 | -33.2% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €896,106 | €896,106 | = | 0.0% |
| Tax-exempt reserves | 132 | €824,646 | €824,646 | = | 0.0% |
| Distributable reserves | 133 | €71,460 | €71,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,507 | -€347,688 | -€278,180 | -400% |
| Provisions and deferred taxes | 16 | €273,549 | €273,549 | = | 0.0% |
| Deferred taxes | 168 | €273,549 | €273,549 | = | 0.0% |
| Amounts payable | 17/49 | €39,277 | €34,943 | -€4,334 | -11.0% |
| Amounts payable after more than one year | 17 | €4,374 | €341 | -€4,033 | -92.2% |
| Financial debts | 170/4 | €4,374 | €341 | -€4,033 | -92.2% |
| Amounts payable within one year | 42/48 | €32,592 | €34,426 | +€1,833 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €3,941 | €4,033 | +€92 | +2.3% |
| Financial debts | 43 | €2,514 | - | -€2,514 | |
| Credit institutions | 430/8 | €2,514 | - | -€2,514 | |
| Trade debts | 44 | €17,757 | €20,394 | +€2,637 | +14.9% |
| Suppliers | 440/4 | €17,757 | €20,394 | +€2,637 | +14.9% |
| Taxes, remuneration and social security | 45 | €8,380 | €9,998 | +€1,618 | +19.3% |
| Taxes | 450/3 | €8,380 | €9,998 | +€1,618 | +19.3% |
| Accrued charges and deferred income | 492/3 | €2,311 | €176 | -€2,135 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,065 | €18,070 | +€3,006 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,970 | - | -€11,970 | |
| Other operating charges | 640/8 | €2,965 | €2,611 | -€354 | -11.9% |
| Gross operating margin | 9900 | -€68,382 | -€100,349 | -€31,967 | -46.7% |
| Operating profit (loss) | 9901 | -€98,381 | -€121,030 | -€22,649 | -23.0% |
| Financial income | 75/76B | €17,303 | €19,493 | +€2,190 | +12.7% |
| Recurring financial income | 75 | €17,303 | €19,493 | +€2,190 | +12.7% |
| Financial charges | 65/66B | €2,609 | €172,997 | +€170,389 | +6,532% |
| Recurring financial charges | 65 | €2,609 | €2,997 | +€389 | +14.9% |
| Non-recurring financial charges | 66B | - | €170,000 | +€170,000 | |
| Profit (loss) for the period before taxes | 9903 | -€83,687 | -€274,534 | -€190,847 | -228% |
| Income taxes | 67/77 | €2,901 | €3,646 | +€745 | +25.7% |
| Profit (loss) for the period | 9904 | -€86,588 | -€278,180 | -€191,593 | -221% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,588 | -€278,180 | -€191,593 | -221% |
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 15 October 2026 via checked.be.