CÔTÉDÉCO: 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.
CÔTÉDÉCO
Largest movements
- Cash +€17,563
up €17,563 (+162%), from €10,858 to €28,421
mainly Net result for the year (+€18,229) and Current portion of long-term debt (+€2,522)
- Reserves +€18,229
up €18,229 (+13.0%), from €140,101 to €158,330
of which Distributable reserves: +€18,229
- Financial income -€199,600
down €199,600 (-100.0%), from €199,600 to €0
- Gross operating margin -€10,008
down €10,008 (-27.0%), from €37,065 to €27,057
- Other operating charges -€2,661
down €2,661 (-64.9%), from €4,101 to €1,440
- Taxes -€500
down €500 (-16.8%), from €2,982 to €2,482
- Financial charges -€446
down €446 (-10.1%), from €4,427 to €3,981
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 | €562,804 | €577,703 | +€14,900 | +2.6% |
| Fixed assets | 21/28 | €543,162 | €542,237 | -€925 | -0.2% |
| Tangible fixed assets | 22/27 | €3,250 | €2,325 | -€925 | -28.5% |
| Plant, machinery and equipment | 23 | €3,250 | €2,325 | -€925 | -28.5% |
| Financial fixed assets | 28 | €539,911 | €539,911 | = | 0.0% |
| Current assets | 29/58 | €19,642 | €35,467 | +€15,825 | +80.6% |
| Amounts receivable within one year | 40/41 | €7,477 | €5,672 | -€1,805 | -24.1% |
| Other amounts receivable | 41 | €7,477 | €5,672 | -€1,805 | -24.1% |
| Cash at bank and in hand | 54/58 | €10,858 | €28,421 | +€17,563 | +162% |
| Deferred charges and accrued income | 490/1 | €1,307 | €1,374 | +€66 | +5.1% |
| Total equity and liabilities | 10/49 | €562,804 | €577,703 | +€14,900 | +2.6% |
| Equity | 10/15 | €506,021 | €524,250 | +€18,229 | +3.6% |
| Contributions | 10/11 | €258,200 | €258,200 | = | 0.0% |
| Reserves | 13 | €140,101 | €158,330 | +€18,229 | +13.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €121,351 | €139,580 | +€18,229 | +15.0% |
| Profit (loss) carried forward | 14 | €107,720 | €107,720 | = | 0.0% |
| Amounts payable | 17/49 | €56,782 | €53,453 | -€3,329 | -5.9% |
| Amounts payable within one year | 42/48 | €56,587 | €53,108 | -€3,479 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,522 | +€2,522 | |
| Trade debts | 44 | €506 | €138 | -€368 | -72.8% |
| Suppliers | 440/4 | €506 | €138 | -€368 | -72.8% |
| Other amounts payable | 47/48 | €56,081 | €50,448 | -€5,633 | -10.0% |
| Accrued charges and deferred income | 492/3 | €195 | €345 | +€150 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €925 | = | 0.0% |
| Other operating charges | 640/8 | €4,101 | €1,440 | -€2,661 | -64.9% |
| Non-recurring operating charges | 66A | €200,000 | - | -€200,000 | |
| Gross operating margin | 9900 | €37,065 | €27,057 | -€10,008 | -27.0% |
| Operating profit (loss) | 9901 | -€167,961 | €24,692 | +€192,653 | |
| Financial income | 75/76B | €199,600 | €0 | -€199,600 | -100.0% |
| Recurring financial income | 75 | €199,600 | €0 | -€199,600 | -100.0% |
| Financial charges | 65/66B | €4,427 | €3,981 | -€446 | -10.1% |
| Recurring financial charges | 65 | €4,427 | €3,981 | -€446 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €27,212 | €20,711 | -€6,501 | -23.9% |
| Income taxes | 67/77 | €2,982 | €2,482 | -€500 | -16.8% |
| Profit (loss) for the period | 9904 | €24,230 | €18,229 | -€6,001 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,230 | €18,229 | -€6,001 | -24.8% |
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 1 November 2026 via checked.be.