COTE PISTE: 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 PISTE
Largest movements
- Receivables within one year -€7,881
down €7,881 (-41.5%), from €18,968 to €11,087
of which Trade receivables: -€7,879
- Tangible fixed assets -€3,360
down €3,360 (-48.4%), from €6,948 to €3,589
- Cash +€660
up €660 (+44.5%), from €1,483 to €2,143
mainly Other debts (+€20,610) and Receivables within one year (+€7,881)
- Profit (loss) carried forward -€23,875
down €23,875 (-4.6%), from -€522,186 to -€546,061
- Other debts +€20,610
up €20,610 (+3.9%), from €530,031 to €550,641
- Trade debts -€4,609
down €4,609 (-67.2%), from €6,862 to €2,253
- Tax, wage and social debts -€1,617
down €1,617 (-50.8%), from €3,184 to €1,568
- Short-term financial debts -€1,037
down €1,037 (-65.3%), from €1,589 to €552
- Gross operating margin +€4,659
up €4,659 (+32.2%), from -€14,492 to -€9,833
- Write-downs -€4,400
down €4,400 (-35.2%), from €12,500 to €8,100
- Other operating charges +€1,623
up €1,623 (+344%), from €472 to €2,096
- Depreciation -€903
down €903 (-21.2%), from €4,262 to €3,360
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 | €28,030 | €17,501 | -€10,529 | -37.6% |
| Fixed assets | 21/28 | €6,948 | €3,589 | -€3,360 | -48.4% |
| Tangible fixed assets | 22/27 | €6,948 | €3,589 | -€3,360 | -48.4% |
| Furniture and vehicles | 24 | €6,948 | €3,589 | -€3,360 | -48.4% |
| Current assets | 29/58 | €21,081 | €13,912 | -€7,169 | -34.0% |
| Amounts receivable within one year | 40/41 | €18,968 | €11,087 | -€7,881 | -41.5% |
| Trade receivables | 40 | €18,966 | €11,087 | -€7,879 | -41.5% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €1,483 | €2,143 | +€660 | +44.5% |
| Deferred charges and accrued income | 490/1 | €631 | €683 | +€52 | +8.2% |
| Total equity and liabilities | 10/49 | €28,030 | €17,501 | -€10,529 | -37.6% |
| Equity | 10/15 | -€513,637 | -€537,512 | -€23,875 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,349 | €2,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €117 | €117 | = | 0.0% |
| Reserves not available under the articles | 1311 | €117 | €117 | = | 0.0% |
| Distributable reserves | 133 | €2,232 | €2,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€522,186 | -€546,061 | -€23,875 | -4.6% |
| Amounts payable | 17/49 | €541,666 | €555,013 | +€13,346 | +2.5% |
| Amounts payable within one year | 42/48 | €541,666 | €555,013 | +€13,346 | +2.5% |
| Financial debts | 43 | €1,589 | €552 | -€1,037 | -65.3% |
| Other loans | 439 | €1,589 | €552 | -€1,037 | -65.3% |
| Trade debts | 44 | €6,862 | €2,253 | -€4,609 | -67.2% |
| Suppliers | 440/4 | €6,862 | €2,253 | -€4,609 | -67.2% |
| Taxes, remuneration and social security | 45 | €3,184 | €1,568 | -€1,617 | -50.8% |
| Taxes | 450/3 | €3,184 | €1,568 | -€1,617 | -50.8% |
| Other amounts payable | 47/48 | €530,031 | €550,641 | +€20,610 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,262 | €3,360 | -€903 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,500 | €8,100 | -€4,400 | -35.2% |
| Other operating charges | 640/8 | €472 | €2,096 | +€1,623 | +344% |
| Gross operating margin | 9900 | -€14,492 | -€9,833 | +€4,659 | +32.2% |
| Operating profit (loss) | 9901 | -€31,727 | -€23,388 | +€8,338 | +26.3% |
| Financial income | 75/76B | €5 | €19 | +€14 | +268% |
| Recurring financial income | 75 | €5 | €19 | +€14 | +268% |
| Financial charges | 65/66B | €424 | €505 | +€80 | +18.9% |
| Recurring financial charges | 65 | €424 | €505 | +€80 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,146 | -€23,874 | +€8,272 | +25.7% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€32,146 | -€23,875 | +€8,271 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,146 | -€23,875 | +€8,271 | +25.7% |
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 24 October 2026 via checked.be.