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.
What changed
COTE COUR
NACE 55.100, Hotels and similar accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€233,371
2024 · €247,308-€13,938
Equity
€2.7m
2024 · €2.5m+€190,132
Cash
€545,557
2024 · €414,056+€131,501
Balance sheet total
€5.9m
2024 · €6.1m-€192,320
Largest movements
Assets
- Tangible fixed assets -€354,636
down €354,636 (-6.3%), from €5.7m to €5.3m
of which Land and buildings: -€303,007
- Cash +€131,501
up €131,501 (+31.8%), from €414,056 to €545,557
mainly Depreciation (+€516,926) and Net result for the year (+€233,371)
Equity and liabilities
- Other debts -€481,383
down €481,383 (-24.4%), from €2.0m to €1.5m
- Profit (loss) carried forward +€251,813
up €251,813 (+15.6%), from €1.6m to €1.9m
Income statement
- Gross operating margin +€80,463
up €80,463 (+9.0%), from €896,467 to €976,930
- Financial income -€67,340
down €67,340 (-60.3%), from €111,729 to €44,389
- Taxes +€26,722
up €26,722 (+49.0%), from €54,529 to €81,251
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.
Result 2024
€247,308
Gross operating margin
+€80,463
Staff costs
-€6,069
Depreciation
+€5,307
Write-downs
-€432
Other operating charges
-€624
Other operating items
+€3,677
Financial income
-€67,340
Financial charges
+€1,497
Taxes
-€26,722
Deferred taxes and other
-€3,694
Result 2025
€233,371
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.
From operations
+€264,371
Investment
-€161,665
Financing
+€28,795
Cash 2024
€414,056
From operations (derived)
+€264,371
Net result for the year
+€233,371
Depreciation
+€516,926
Stocks and contracts
-€220
Receivables within one year
-€26,803
Deferred charges and accrued income
-€4,417
Provisions
-€9,750
Trade debts
+€8,096
Tax, wage and social debts
+€20,808
Other debts
-€481,383
Accrued charges and deferred income
+€7,743
Investment (derived)
-€161,665
Investment in fixed assets (net)
-€161,665
Financing
+€28,795
Debts after one year
+€35,675
Current portion of long-term debt
+€36,358
Contributions, distributions and other
-€43,238
Cash 2025
€545,557
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,133,363 | €5,941,043 | -€192,320 | -3.1% |
| Fixed assets | 21/28 | €5,669,966 | €5,314,705 | -€355,261 | -6.3% |
| Intangible fixed assets | 21 | €625 | - | -€625 | |
| Tangible fixed assets | 22/27 | €5,669,043 | €5,314,407 | -€354,636 | -6.3% |
| Land and buildings | 22 | €5,359,166 | €5,056,159 | -€303,007 | -5.7% |
| Plant, machinery and equipment | 23 | €136,998 | €101,978 | -€35,020 | -25.6% |
| Furniture and vehicles | 24 | €165,401 | €152,121 | -€13,280 | -8.0% |
| Other tangible fixed assets | 26 | €7,478 | €4,150 | -€3,328 | -44.5% |
| Financial fixed assets | 28 | €298 | €298 | = | 0.0% |
| Current assets | 29/58 | €463,397 | €626,338 | +€162,941 | +35.2% |
| Stocks and contracts in progress | 3 | €14,050 | €14,270 | +€220 | +1.6% |
| Stocks | 30/36 | €14,050 | €14,270 | +€220 | +1.6% |
| Amounts receivable within one year | 40/41 | €14,357 | €41,160 | +€26,803 | +186.7% |
| Trade receivables | 40 | €12,824 | €33,595 | +€20,771 | +162.0% |
| Other amounts receivable | 41 | €1,533 | €7,565 | +€6,032 | +393.6% |
| Cash at bank and in hand | 54/58 | €414,056 | €545,557 | +€131,501 | +31.8% |
| Deferred charges and accrued income | 490/1 | €20,934 | €25,351 | +€4,417 | +21.1% |
| Total equity and liabilities | 10/49 | €6,133,363 | €5,941,043 | -€192,320 | -3.1% |
| Equity | 10/15 | €2,466,711 | €2,656,843 | +€190,132 | +7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €758,491 | €740,049 | -€18,442 | -2.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €419,668 | €401,226 | -€18,442 | -4.4% |
| Distributable reserves | 133 | €336,964 | €336,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,610,733 | €1,862,546 | +€251,813 | +15.6% |
| Investment grants | 15 | €78,895 | €35,656 | -€43,238 | -54.8% |
| Provisions and deferred taxes | 16 | €143,627 | €133,878 | -€9,750 | -6.8% |
| Deferred taxes | 168 | €143,627 | €133,878 | -€9,750 | -6.8% |
| Amounts payable | 17/49 | €3,523,025 | €3,150,322 | -€372,702 | -10.6% |
| Amounts payable after more than one year | 17 | €1,254,014 | €1,289,689 | +€35,675 | +2.8% |
| Financial debts | 170/4 | €1,254,014 | €1,289,689 | +€35,675 | +2.8% |
| Amounts payable within one year | 42/48 | €2,262,833 | €1,846,713 | -€416,120 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €170,114 | €206,472 | +€36,358 | +21.4% |
| Trade debts | 44 | €50,109 | €58,206 | +€8,096 | +16.2% |
| Suppliers | 440/4 | €50,109 | €58,206 | +€8,096 | +16.2% |
| Taxes, remuneration and social security | 45 | €68,965 | €89,774 | +€20,808 | +30.2% |
| Taxes | 450/3 | €61,315 | €82,100 | +€20,784 | +33.9% |
| Remuneration and social security | 454/9 | €7,650 | €7,674 | +€24 | +0.3% |
| Other amounts payable | 47/48 | €1,973,645 | €1,492,261 | -€481,383 | -24.4% |
| Accrued charges and deferred income | 492/3 | €6,178 | €13,921 | +€7,743 | +125.3% |
| Non-recurring operating income | 76A | €76,399 | €158,184 | +€81,785 | +107.1% |
| Remuneration, social security and pensions | 62 | €104,233 | €110,301 | +€6,069 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522,233 | €516,926 | -€5,307 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €137 | €570 | +€432 | +314.7% |
| Other operating charges | 640/8 | €49,177 | €49,801 | +€624 | +1.3% |
| Non-recurring operating charges | 66A | €6,200 | €2,523 | -€3,677 | -59.3% |
| Gross operating margin | 9900 | €896,467 | €976,930 | +€80,463 | +9.0% |
| Operating profit (loss) | 9901 | €214,487 | €296,808 | +€82,322 | +38.4% |
| Financial income | 75/76B | €111,729 | €44,389 | -€67,340 | -60.3% |
| Recurring financial income | 75 | €111,729 | €44,389 | -€67,340 | -60.3% |
| Financial charges | 65/66B | €37,822 | €36,325 | -€1,497 | -4.0% |
| Recurring financial charges | 65 | €37,822 | €36,325 | -€1,497 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €288,394 | €304,872 | +€16,478 | +5.7% |
| Transfer from deferred taxes | 780 | €13,443 | €9,750 | -€3,694 | -27.5% |
| Income taxes | 67/77 | €54,529 | €81,251 | +€26,722 | +49.0% |
| Profit (loss) for the period | 9904 | €247,308 | €233,371 | -€13,938 | -5.6% |
| Transfer from tax-exempt reserves | 789 | €18,442 | €18,442 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €265,751 | €251,813 | -€13,938 | -5.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.