COTE VERT: 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 VERT
Largest movements
- Cash +€44,626
up €44,626 (+60.8%), from €73,372 to €117,998
mainly Other debts (+€72,870) and Net result for the year (+€36,095)
- Receivables within one year -€10,698
down €10,698 (-35.9%), from €29,816 to €19,119
of which Trade receivables: -€11,197
- Tangible fixed assets -€8,886
down €8,886 (-11.2%), from €79,398 to €70,512
of which Plant, machinery and equipment: -€24,109
- Stocks and contracts -€6,966
down €6,966 (-38.5%), from €18,114 to €11,148
- Other debts +€72,870
up €72,870 (+168%), from €43,332 to €116,201
- Reserves -€37,765
down €37,765 (-33.5%), from €112,724 to €74,959
- Trade debts -€8,836
down €8,836 (-90.0%), from €9,814 to €978
- Current portion of long-term debt -€7,994
down €7,994 (-57.6%), from €13,870 to €5,876
- Debts after one year -€5,876
down €5,876 (-38.5%), from €15,258 to €9,382
- Gross operating margin +€34,414
up €34,414 (+36.4%), from €94,616 to €129,029
- Taxes +€11,856
up €11,856 (+248%), from €4,784 to €16,639
- Financial charges +€2,565
up €2,565 (+145%), from €1,766 to €4,331
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 | €202,940 | €222,022 | +€19,082 | +9.4% |
| Fixed assets | 21/28 | €79,584 | €70,698 | -€8,886 | -11.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €79,398 | €70,512 | -€8,886 | -11.2% |
| Plant, machinery and equipment | 23 | €76,109 | €52,001 | -€24,109 | -31.7% |
| Furniture and vehicles | 24 | €2,888 | €18,212 | +€15,323 | +531% |
| Other tangible fixed assets | 26 | €400 | €300 | -€100 | -25.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €123,357 | €151,324 | +€27,968 | +22.7% |
| Stocks and contracts in progress | 3 | €18,114 | €11,148 | -€6,966 | -38.5% |
| Stocks | 30/36 | €18,114 | €11,148 | -€6,966 | -38.5% |
| Amounts receivable within one year | 40/41 | €29,816 | €19,119 | -€10,698 | -35.9% |
| Trade receivables | 40 | €16,724 | €5,527 | -€11,197 | -67.0% |
| Other amounts receivable | 41 | €13,092 | €13,592 | +€499 | +3.8% |
| Cash at bank and in hand | 54/58 | €73,372 | €117,998 | +€44,626 | +60.8% |
| Deferred charges and accrued income | 490/1 | €2,054 | €3,059 | +€1,005 | +48.9% |
| Total equity and liabilities | 10/49 | €202,940 | €222,022 | +€19,082 | +9.4% |
| Equity | 10/15 | €113,080 | €75,315 | -€37,765 | -33.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €112,724 | €74,959 | -€37,765 | -33.5% |
| Distributable reserves | 133 | €112,724 | €74,959 | -€37,765 | -33.5% |
| Profit (loss) carried forward | 14 | -€19,644 | -€19,644 | = | 0.0% |
| Amounts payable | 17/49 | €89,861 | €146,707 | +€56,847 | +63.3% |
| Amounts payable after more than one year | 17 | €15,258 | €9,382 | -€5,876 | -38.5% |
| Financial debts | 170/4 | €15,258 | €9,382 | -€5,876 | -38.5% |
| Amounts payable within one year | 42/48 | €74,381 | €135,070 | +€60,689 | +81.6% |
| Current portion of amounts payable after more than one year | 42 | €13,870 | €5,876 | -€7,994 | -57.6% |
| Trade debts | 44 | €9,814 | €978 | -€8,836 | -90.0% |
| Suppliers | 440/4 | €9,814 | €978 | -€8,836 | -90.0% |
| Taxes, remuneration and social security | 45 | €7,365 | €12,015 | +€4,649 | +63.1% |
| Taxes | 450/3 | €3,067 | €9,058 | +€5,991 | +195% |
| Remuneration and social security | 454/9 | €4,298 | €2,957 | -€1,341 | -31.2% |
| Other amounts payable | 47/48 | €43,332 | €116,201 | +€72,870 | +168% |
| Accrued charges and deferred income | 492/3 | €221 | €2,255 | +€2,034 | +921% |
| Remuneration, social security and pensions | 62 | €36,375 | €36,172 | -€203 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,321 | €34,896 | -€425 | -1.2% |
| Other operating charges | 640/8 | €756 | €617 | -€139 | -18.4% |
| Non-recurring operating charges | 66A | - | €291 | +€291 | |
| Gross operating margin | 9900 | €94,616 | €129,029 | +€34,414 | +36.4% |
| Operating profit (loss) | 9901 | €22,164 | €57,053 | +€34,889 | +157% |
| Financial income | 75/76B | €55 | €12 | -€43 | -78.4% |
| Recurring financial income | 75 | €55 | €12 | -€43 | -78.4% |
| Financial charges | 65/66B | €1,766 | €4,331 | +€2,565 | +145% |
| Recurring financial charges | 65 | €1,766 | €4,331 | +€2,565 | +145% |
| Profit (loss) for the period before taxes | 9903 | €20,453 | €52,734 | +€32,282 | +158% |
| Income taxes | 67/77 | €4,784 | €16,639 | +€11,856 | +248% |
| Profit (loss) for the period | 9904 | €15,669 | €36,095 | +€20,426 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €15,669 | €36,095 | +€20,426 | +130% |
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.