COTE-URE: 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-URE
Largest movements
- Stocks and contracts +€21,363
up €21,363 (+5.8%), from €368,694 to €390,057
- Tangible fixed assets -€14,534
down €14,534 (-29.5%), from €49,287 to €34,753
of which Furniture and vehicles: -€10,360
- Cash +€5,912
new in 2025: €5,912
mainly Net result for the year (+€47,457) and Other debts (+€16,845)
- Profit (loss) carried forward +€27,457
up €27,457 (+19.5%), from €141,066 to €168,524
- Short-term financial debts -€18,056
down €18,056 (-10.7%), from €168,056 to €150,000
- Other debts +€16,845
up €16,845 (+511.0%), from €3,296 to €20,141
- Debts after one year -€13,847
down €13,847 (-63.8%), from €21,714 to €7,867
- Gross operating margin +€23,926
up €23,926 (+22.7%), from €105,490 to €129,416
- Write-downs -€3,929
down €3,929, from €2,570 to -€1,359
- Financial charges -€2,806
down €2,806 (-12.6%), from €22,211 to €19,405
of which Financial charges: -€2,873
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,383 | €472,826 | +€13,443 | +2.9% |
| Fixed assets | 21/28 | €49,287 | €34,753 | -€14,534 | -29.5% |
| Tangible fixed assets | 22/27 | €49,287 | €34,753 | -€14,534 | -29.5% |
| Furniture and vehicles | 24 | €35,121 | €24,761 | -€10,360 | -29.5% |
| Leasing and similar rights | 25 | €2,355 | €1,452 | -€903 | -38.3% |
| Other tangible fixed assets | 26 | €11,811 | €8,540 | -€3,272 | -27.7% |
| Current assets | 29/58 | €410,096 | €438,073 | +€27,978 | +6.8% |
| Amounts receivable after more than one year | 29 | €34,172 | €34,170 | -€2 | 0.0% |
| Trade receivables | 290 | €34,172 | €34,170 | -€2 | 0.0% |
| Stocks and contracts in progress | 3 | €368,694 | €390,057 | +€21,363 | +5.8% |
| Stocks | 30/36 | €368,694 | €390,057 | +€21,363 | +5.8% |
| Amounts receivable within one year | 40/41 | €3,707 | €7,010 | +€3,304 | +89.1% |
| Trade receivables | 40 | €925 | €650 | -€275 | -29.7% |
| Other amounts receivable | 41 | €2,782 | €6,360 | +€3,578 | +128.6% |
| Cash at bank and in hand | 54/58 | - | €5,912 | +€5,912 | |
| Deferred charges and accrued income | 490/1 | €3,524 | €924 | -€2,599 | -73.8% |
| Total equity and liabilities | 10/49 | €459,383 | €472,826 | +€13,443 | +2.9% |
| Equity | 10/15 | €161,526 | €188,984 | +€27,457 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,066 | €168,524 | +€27,457 | +19.5% |
| Amounts payable | 17/49 | €297,857 | €283,843 | -€14,014 | -4.7% |
| Amounts payable after more than one year | 17 | €21,714 | €7,867 | -€13,847 | -63.8% |
| Financial debts | 170/4 | €21,714 | €7,867 | -€13,847 | -63.8% |
| Amounts payable within one year | 42/48 | €276,142 | €274,912 | -€1,230 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €21,385 | €20,288 | -€1,097 | -5.1% |
| Financial debts | 43 | €168,056 | €150,000 | -€18,056 | -10.7% |
| Credit institutions | 430/8 | €168,056 | €150,000 | -€18,056 | -10.7% |
| Trade debts | 44 | €55,704 | €53,845 | -€1,859 | -3.3% |
| Suppliers | 440/4 | €55,704 | €53,845 | -€1,859 | -3.3% |
| Taxes, remuneration and social security | 45 | €27,701 | €30,638 | +€2,937 | +10.6% |
| Taxes | 450/3 | €23,159 | €25,302 | +€2,143 | +9.3% |
| Remuneration and social security | 454/9 | €4,542 | €5,336 | +€794 | +17.5% |
| Other amounts payable | 47/48 | €3,296 | €20,141 | +€16,845 | +511.0% |
| Accrued charges and deferred income | 492/3 | - | €1,063 | +€1,063 | |
| Remuneration, social security and pensions | 62 | €36,726 | €37,370 | +€645 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,740 | €14,534 | -€205 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,570 | -€1,359 | -€3,929 | |
| Other operating charges | 640/8 | €5,073 | €3,784 | -€1,288 | -25.4% |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €105,490 | €129,416 | +€23,926 | +22.7% |
| Operating profit (loss) | 9901 | €46,382 | €74,904 | +€28,522 | +61.5% |
| Financial income | 75/76B | €980 | €821 | -€160 | -16.3% |
| Recurring financial income | 75 | €980 | €821 | -€160 | -16.3% |
| Financial charges | 65/66B | €22,211 | €19,405 | -€2,806 | -12.6% |
| Recurring financial charges | 65 | €20,509 | €17,636 | -€2,873 | -14.0% |
| Non-recurring financial charges | 66B | €1,702 | €1,769 | +€67 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €25,151 | €56,320 | +€31,169 | +123.9% |
| Income taxes | 67/77 | €8,119 | €8,862 | +€744 | +9.2% |
| Profit (loss) for the period | 9904 | €17,032 | €47,457 | +€30,425 | +178.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,032 | €47,457 | +€30,425 | +178.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.