COTEK: 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.
COTEK
Largest movements
- Receivables within one year +€91,217
up €91,217 (+26.1%), from €349,994 to €441,211
of which Other amounts receivable: +€74,966
- Tangible fixed assets -€50,547
down €50,547 (-9.6%), from €525,659 to €475,112
of which Land and buildings: -€40,670
- Cash +€32,075
up €32,075 (+99.1%), from €32,360 to €64,434
mainly Net result for the year (+€224,391) and Depreciation (+€50,547)
- Reserves +€75,990
up €75,990 (+13.6%), from €559,758 to €635,747
- Debts after one year -€39,939
down €39,939 (-3.6%), from €1.1m to €1.1m
- Other debts +€24,535
up €24,535 (+134%), from €18,270 to €42,805
- Trade debts +€22,908
up €22,908 (+437%), from €5,248 to €28,156
- Financial income +€167,745
up €167,745 (+5,361%), from €3,129 to €170,874
- Depreciation -€25,204
down €25,204 (-33.3%), from €75,751 to €50,547
- Provisions +€23,135
up €23,135 (+99.4%), from -€23,265 to -€130
- Gross operating margin -€22,097
down €22,097 (-11.5%), from €191,345 to €169,248
- Financial charges -€11,225
down €11,225 (-31.4%), from €35,698 to €24,473
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 | €1,851,305 | €1,921,902 | +€70,597 | +3.8% |
| Fixed assets | 21/28 | €1,448,318 | €1,397,771 | -€50,547 | -3.5% |
| Tangible fixed assets | 22/27 | €525,659 | €475,112 | -€50,547 | -9.6% |
| Land and buildings | 22 | €506,688 | €466,018 | -€40,670 | -8.0% |
| Plant, machinery and equipment | 23 | €1,253 | €614 | -€639 | -51.0% |
| Furniture and vehicles | 24 | €17,718 | €8,480 | -€9,238 | -52.1% |
| Financial fixed assets | 28 | €922,658 | €922,658 | = | 0.0% |
| Current assets | 29/58 | €402,988 | €524,131 | +€121,144 | +30.1% |
| Amounts receivable within one year | 40/41 | €349,994 | €441,211 | +€91,217 | +26.1% |
| Trade receivables | 40 | €48,504 | €64,755 | +€16,251 | +33.5% |
| Other amounts receivable | 41 | €301,490 | €376,455 | +€74,966 | +24.9% |
| Cash at bank and in hand | 54/58 | €32,360 | €64,434 | +€32,075 | +99.1% |
| Deferred charges and accrued income | 490/1 | €20,634 | €18,486 | -€2,148 | -10.4% |
| Total equity and liabilities | 10/49 | €1,851,305 | €1,921,902 | +€70,597 | +3.8% |
| Equity | 10/15 | €578,358 | €654,347 | +€75,990 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €559,758 | €635,747 | +€75,990 | +13.6% |
| Distributable reserves | 133 | €559,758 | €635,747 | +€75,990 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €14,019 | €13,889 | -€130 | -0.9% |
| Provisions for liabilities and charges | 160/5 | €14,019 | €13,889 | -€130 | -0.9% |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €14,019 | €13,889 | -€130 | -0.9% |
| Amounts payable | 17/49 | €1,258,929 | €1,253,666 | -€5,263 | -0.4% |
| Amounts payable after more than one year | 17 | €1,123,390 | €1,083,451 | -€39,939 | -3.6% |
| Financial debts | 170/4 | €1,123,390 | €1,083,451 | -€39,939 | -3.6% |
| Amounts payable within one year | 42/48 | €109,816 | €150,610 | +€40,794 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €65,346 | €55,988 | -€9,358 | -14.3% |
| Trade debts | 44 | €5,248 | €28,156 | +€22,908 | +437% |
| Suppliers | 440/4 | €5,248 | €28,156 | +€22,908 | +437% |
| Taxes, remuneration and social security | 45 | €20,952 | €23,661 | +€2,709 | +12.9% |
| Taxes | 450/3 | €20,952 | €23,661 | +€2,709 | +12.9% |
| Other amounts payable | 47/48 | €18,270 | €42,805 | +€24,535 | +134% |
| Accrued charges and deferred income | 492/3 | €25,723 | €19,605 | -€6,118 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,751 | €50,547 | -€25,204 | -33.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,265 | -€130 | +€23,135 | +99.4% |
| Other operating charges | 640/8 | €10,037 | €7,181 | -€2,856 | -28.5% |
| Gross operating margin | 9900 | €191,345 | €169,248 | -€22,097 | -11.5% |
| Operating profit (loss) | 9901 | €128,822 | €111,651 | -€17,171 | -13.3% |
| Financial income | 75/76B | €3,129 | €170,874 | +€167,745 | +5,361% |
| Recurring financial income | 75 | €3,129 | €170,874 | +€167,745 | +5,361% |
| Financial charges | 65/66B | €35,698 | €24,473 | -€11,225 | -31.4% |
| Recurring financial charges | 65 | €35,698 | €24,473 | -€11,225 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €96,253 | €258,052 | +€161,798 | +168% |
| Income taxes | 67/77 | €27,993 | €33,661 | +€5,668 | +20.2% |
| Profit (loss) for the period | 9904 | €68,261 | €224,391 | +€156,130 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €68,261 | €224,391 | +€156,130 | +229% |
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 18 October 2026 via checked.be.