COTE SUD: 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 SUD
Largest movements
- Stocks and contracts -€9,450
no longer reported in 2025 (was €9,450)
- Cash -€7,936
down €7,936 (-11.4%), from €69,365 to €61,429
mainly Current portion of long-term debt (-€9,037) and Tax, wage and social debts (-€7,953)
- Current portion of long-term debt -€9,037
no longer reported in 2025 (was €9,037)
- Tax, wage and social debts -€7,953
no longer reported in 2025 (was €7,953)
- Profit (loss) carried forward +€2,383
up €2,383 (+1.6%), from €150,114 to €152,498
- Gross operating margin -€27,747
down €27,747 (-76.5%), from €36,256 to €8,509
- Depreciation -€23,480
no longer reported in 2025 (was €23,480)
- Taxes -€1,359
down €1,359 (-20.9%), from €6,494 to €5,134
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 | €189,672 | €173,358 | -€16,314 | -8.6% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €189,572 | €173,258 | -€16,314 | -8.6% |
| Stocks and contracts in progress | 3 | €9,450 | - | -€9,450 | |
| Stocks | 30/36 | €9,450 | - | -€9,450 | |
| Amounts receivable within one year | 40/41 | €110,468 | €111,828 | +€1,361 | +1.2% |
| Other amounts receivable | 41 | €110,468 | €111,828 | +€1,361 | +1.2% |
| Cash at bank and in hand | 54/58 | €69,365 | €61,429 | -€7,936 | -11.4% |
| Deferred charges and accrued income | 490/1 | €288 | - | -€288 | |
| Total equity and liabilities | 10/49 | €189,672 | €173,358 | -€16,314 | -8.6% |
| Equity | 10/15 | €170,574 | €172,958 | +€2,383 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,114 | €152,498 | +€2,383 | +1.6% |
| Amounts payable | 17/49 | €19,097 | €400 | -€18,697 | -97.9% |
| Amounts payable within one year | 42/48 | €19,097 | €400 | -€18,697 | -97.9% |
| Current portion of amounts payable after more than one year | 42 | €9,037 | - | -€9,037 | |
| Trade debts | 44 | €2,107 | €400 | -€1,707 | -81.0% |
| Suppliers | 440/4 | €2,107 | €400 | -€1,707 | -81.0% |
| Taxes, remuneration and social security | 45 | €7,953 | - | -€7,953 | |
| Taxes | 450/3 | €7,953 | - | -€7,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,480 | - | -€23,480 | |
| Other operating charges | 640/8 | €218 | - | -€218 | |
| Gross operating margin | 9900 | €36,256 | €8,509 | -€27,747 | -76.5% |
| Operating profit (loss) | 9901 | €12,557 | €8,509 | -€4,049 | -32.2% |
| Financial charges | 65/66B | €982 | €991 | +€9 | +0.9% |
| Recurring financial charges | 65 | €982 | €991 | +€9 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €11,575 | €7,518 | -€4,057 | -35.1% |
| Income taxes | 67/77 | €6,494 | €5,134 | -€1,359 | -20.9% |
| Profit (loss) for the period | 9904 | €5,081 | €2,383 | -€2,698 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,081 | €2,383 | -€2,698 | -53.1% |
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 19 October 2026 via checked.be.