COTH GROUP: 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.
COTH GROUP
Largest movements
- Tangible fixed assets +€46,520
up €46,520 (+96.3%), from €48,316 to €94,836
of which Land and buildings: +€48,000
- Cash -€14,607
down €14,607 (-27.9%), from €52,441 to €37,833
mainly Investment in fixed assets (net) (-€65,165) and Receivables within one year (-€7,963)
- Receivables within one year +€7,963
up €7,963 (+41.7%), from €19,118 to €27,081
of which Other amounts receivable: +€13,388
- Deferred charges and accrued income +€1,655
up €1,655 (+97.7%), from €1,693 to €3,348
- Debts after one year +€33,362
up €33,362 (+102%), from €32,640 to €66,002
- Profit (loss) carried forward +€8,146
up €8,146 (+19.3%), from €42,312 to €50,458
- Trade debts -€3,429
down €3,429 (-29.6%), from €11,572 to €8,144
- Tax, wage and social debts +€3,289
up €3,289 (+18.0%), from €18,317 to €21,606
- Current portion of long-term debt +€3,162
up €3,162 (+24.6%), from €12,829 to €15,991
- Gross operating margin -€17,037
down €17,037 (-29.8%), from €57,202 to €40,165
- Depreciation +€5,906
up €5,906 (+46.9%), from €12,600 to €18,506
- Taxes -€5,430
down €5,430 (-55.4%), from €9,797 to €4,367
- Other operating charges +€1,578
up €1,578 (+483%), from €327 to €1,905
- Financial charges +€938
up €938 (+62.4%), from €1,503 to €2,441
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 | €123,598 | €165,267 | +€41,669 | +33.7% |
| Fixed assets | 21/28 | €50,346 | €97,005 | +€46,658 | +92.7% |
| Intangible fixed assets | 21 | €2,031 | €1,512 | -€519 | -25.6% |
| Tangible fixed assets | 22/27 | €48,316 | €94,836 | +€46,520 | +96.3% |
| Land and buildings | 22 | - | €48,000 | +€48,000 | |
| Furniture and vehicles | 24 | €48,316 | €46,836 | -€1,480 | -3.1% |
| Financial fixed assets | 28 | - | €657 | +€657 | |
| Current assets | 29/58 | €73,252 | €68,262 | -€4,990 | -6.8% |
| Amounts receivable within one year | 40/41 | €19,118 | €27,081 | +€7,963 | +41.7% |
| Trade receivables | 40 | €19,118 | €13,693 | -€5,425 | -28.4% |
| Other amounts receivable | 41 | - | €13,388 | +€13,388 | |
| Cash at bank and in hand | 54/58 | €52,441 | €37,833 | -€14,607 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,693 | €3,348 | +€1,655 | +97.7% |
| Total equity and liabilities | 10/49 | €123,598 | €165,267 | +€41,669 | +33.7% |
| Equity | 10/15 | €45,312 | €53,458 | +€8,146 | +18.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,312 | €50,458 | +€8,146 | +19.3% |
| Amounts payable | 17/49 | €78,286 | €111,809 | +€33,523 | +42.8% |
| Amounts payable after more than one year | 17 | €32,640 | €66,002 | +€33,362 | +102% |
| Financial debts | 170/4 | €32,640 | €66,002 | +€33,362 | +102% |
| Amounts payable within one year | 42/48 | €45,581 | €45,740 | +€159 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €12,829 | €15,991 | +€3,162 | +24.6% |
| Trade debts | 44 | €11,572 | €8,144 | -€3,429 | -29.6% |
| Suppliers | 440/4 | €11,572 | €8,144 | -€3,429 | -29.6% |
| Taxes, remuneration and social security | 45 | €18,317 | €21,606 | +€3,289 | +18.0% |
| Taxes | 450/3 | €18,317 | €21,606 | +€3,289 | +18.0% |
| Other amounts payable | 47/48 | €2,862 | - | -€2,862 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €380 | €9,985 | +€9,605 | +2,531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,600 | €18,506 | +€5,906 | +46.9% |
| Other operating charges | 640/8 | €327 | €1,905 | +€1,578 | +483% |
| Non-recurring operating charges | 66A | - | €4,877 | +€4,877 | |
| Gross operating margin | 9900 | €57,202 | €40,165 | -€17,037 | -29.8% |
| Operating profit (loss) | 9901 | €44,275 | €14,876 | -€29,399 | -66.4% |
| Financial income | 75/76B | - | €78 | +€78 | |
| Recurring financial income | 75 | - | €78 | +€78 | |
| Financial charges | 65/66B | €1,503 | €2,441 | +€938 | +62.4% |
| Recurring financial charges | 65 | €1,503 | €2,441 | +€938 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €42,772 | €12,513 | -€30,259 | -70.7% |
| Income taxes | 67/77 | €9,797 | €4,367 | -€5,430 | -55.4% |
| Profit (loss) for the period | 9904 | €32,975 | €8,146 | -€24,829 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,975 | €8,146 | -€24,829 | -75.3% |
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 13 October 2026 via checked.be.