Coteq: 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.
Coteq
Largest movements
- Receivables within one year -€139,384
down €139,384 (-73.1%), from €190,591 to €51,206
of which Trade receivables: -€158,875
- Current investments -€102,754
no longer reported in 2025 (was €102,754)
- Cash +€80,679
up €80,679 (+1,894%), from €4,260 to €84,939
mainly Net result for the year (+€147,979) and Receivables within one year (+€139,384)
- Other debts -€62,223
down €62,223 (-28.0%), from €222,288 to €160,065
- Reserves -€53,093
no longer reported in 2025 (was €53,093)
- Tax, wage and social debts -€49,560
down €49,560 (-74.7%), from €66,372 to €16,812
- Gross operating margin -€186,948
down €186,948 (-46.8%), from €399,287 to €212,339
- Taxes -€34,185
down €34,185 (-35.6%), from €95,950 to €61,764
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 | €342,553 | €176,989 | -€165,563 | -48.3% |
| Fixed assets | 21/28 | €7,749 | €5,174 | -€2,575 | -33.2% |
| Tangible fixed assets | 22/27 | €5,699 | €3,124 | -€2,575 | -45.2% |
| Furniture and vehicles | 24 | €5,699 | €3,124 | -€2,575 | -45.2% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €334,804 | €171,816 | -€162,988 | -48.7% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €190,591 | €51,206 | -€139,384 | -73.1% |
| Trade receivables | 40 | €190,335 | €31,460 | -€158,875 | -83.5% |
| Other amounts receivable | 41 | €255 | €19,746 | +€19,491 | +7,638% |
| Current investments | 50/53 | €102,754 | - | -€102,754 | |
| Cash at bank and in hand | 54/58 | €4,260 | €84,939 | +€80,679 | +1,894% |
| Deferred charges and accrued income | 490/1 | €2,199 | €670 | -€1,529 | -69.5% |
| Total equity and liabilities | 10/49 | €342,553 | €176,989 | -€165,563 | -48.3% |
| Equity | 10/15 | €53,093 | - | -€53,093 | |
| Reserves | 13 | €53,093 | - | -€53,093 | |
| Distributable reserves | 133 | €53,093 | - | -€53,093 | |
| Amounts payable | 17/49 | €289,460 | €176,989 | -€112,471 | -38.9% |
| Amounts payable within one year | 42/48 | €289,460 | €176,989 | -€112,471 | -38.9% |
| Trade debts | 44 | €800 | €112 | -€688 | -86.0% |
| Suppliers | 440/4 | €800 | €112 | -€688 | -86.0% |
| Taxes, remuneration and social security | 45 | €66,372 | €16,812 | -€49,560 | -74.7% |
| Taxes | 450/3 | €66,372 | €16,812 | -€49,560 | -74.7% |
| Other amounts payable | 47/48 | €222,288 | €160,065 | -€62,223 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €2,575 | +€265 | +11.5% |
| Other operating charges | 640/8 | €1,217 | €1,248 | +€30 | +2.5% |
| Gross operating margin | 9900 | €399,287 | €212,339 | -€186,948 | -46.8% |
| Operating profit (loss) | 9901 | €395,759 | €208,516 | -€187,243 | -47.3% |
| Financial income | 75/76B | €3,750 | €1,375 | -€2,375 | -63.3% |
| Recurring financial income | 75 | €3,750 | €1,375 | -€2,375 | -63.3% |
| Financial charges | 65/66B | €39 | €148 | +€109 | +278% |
| Recurring financial charges | 65 | €39 | €148 | +€109 | +278% |
| Profit (loss) for the period before taxes | 9903 | €399,470 | €209,743 | -€189,727 | -47.5% |
| Income taxes | 67/77 | €95,950 | €61,764 | -€34,185 | -35.6% |
| Profit (loss) for the period | 9904 | €303,520 | €147,979 | -€155,541 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €303,520 | €147,979 | -€155,541 | -51.2% |
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 18 October 2026 via checked.be.