COTEBO: what changed
Two fiscal 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.
COTEBO
Largest movements
- Cash -€42,737
down €42,737 (-37.4%), from €114,121 to €71,384
mainly Trade debts (-€38,304) and Receivables within one year (-€8,199)
- Receivables within one year +€8,199
up €8,199 (+4.4%), from €186,968 to €195,167
of which Trade receivables: +€19,912
- Tangible fixed assets +€4,566
up €4,566 (+106.3%), from €4,295 to €8,861
- Trade debts -€38,304
down €38,304 (-16.4%), from €233,052 to €194,748
- Tax, wage and social debts +€4,285
up €4,285 (+4925.3%), from €87 to €4,372
- Profit (loss) carried forward +€3,726
up €3,726 (+5.8%), from €64,171 to €67,897
- Gross operating margin +€14,861
up €14,861, from -€3,943 to €10,918
- Taxes +€4,285
up €4,285 (+4925.3%), from €87 to €4,372
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 | €306,632 | €276,660 | -€29,972 | -9.8% |
| Fixed assets | 21/28 | €4,295 | €8,861 | +€4,566 | +106.3% |
| Tangible fixed assets | 22/27 | €4,295 | €8,861 | +€4,566 | +106.3% |
| Furniture and vehicles | 24 | €4,295 | €8,861 | +€4,566 | +106.3% |
| Current assets | 29/58 | €302,337 | €267,799 | -€34,538 | -11.4% |
| Amounts receivable within one year | 40/41 | €186,968 | €195,167 | +€8,199 | +4.4% |
| Trade receivables | 40 | €170,324 | €190,236 | +€19,912 | +11.7% |
| Other amounts receivable | 41 | €16,644 | €4,931 | -€11,713 | -70.4% |
| Cash at bank and in hand | 54/58 | €114,121 | €71,384 | -€42,737 | -37.4% |
| Deferred charges and accrued income | 490/1 | €1,248 | €1,248 | = | 0.0% |
| Total equity and liabilities | 10/49 | €306,632 | €276,660 | -€29,972 | -9.8% |
| Equity | 10/15 | €72,231 | €75,957 | +€3,726 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,171 | €67,897 | +€3,726 | +5.8% |
| Amounts payable | 17/49 | €234,401 | €200,703 | -€33,698 | -14.4% |
| Amounts payable within one year | 42/48 | €234,140 | €200,441 | -€33,699 | -14.4% |
| Trade debts | 44 | €233,052 | €194,748 | -€38,304 | -16.4% |
| Suppliers | 440/4 | €233,052 | €194,748 | -€38,304 | -16.4% |
| Taxes, remuneration and social security | 45 | €87 | €4,372 | +€4,285 | +4925.3% |
| Taxes | 450/3 | €87 | €4,372 | +€4,285 | +4925.3% |
| Other amounts payable | 47/48 | €1,001 | €1,321 | +€320 | +32.0% |
| Accrued charges and deferred income | 492/3 | €261 | €262 | +€1 | +0.4% |
| Non-recurring operating income | 76A | €967 | - | -€967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,498 | €1,571 | +€73 | +4.9% |
| Other operating charges | 640/8 | €1,160 | €1,177 | +€17 | +1.5% |
| Gross operating margin | 9900 | -€3,943 | €10,918 | +€14,861 | |
| Operating profit (loss) | 9901 | -€6,601 | €8,170 | +€14,771 | |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €46 | €72 | +€26 | +56.5% |
| Recurring financial charges | 65 | €46 | €72 | +€26 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,588 | €8,098 | +€14,686 | |
| Income taxes | 67/77 | €87 | €4,372 | +€4,285 | +4925.3% |
| Profit (loss) for the period | 9904 | -€6,675 | €3,726 | +€10,401 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,675 | €3,726 | +€10,401 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.