COTHINK: 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.
COTHINK
Largest movements
- Receivables after one year +€264,888
up €264,888 (+473.0%), from €56,000 to €320,888
- Receivables within one year +€75,722
up €75,722 (+541.6%), from €13,981 to €89,702
of which Other amounts receivable: +€70,730
- Current investments +€23,721
up €23,721 (+7.2%), from €331,375 to €355,096
- Tangible fixed assets +€15,012
up €15,012 (+61.6%), from €24,379 to €39,391
of which Furniture and vehicles: +€18,715
- Reserves +€353,550
up €353,550 (+70.8%), from €499,259 to €852,809
- Tax, wage and social debts +€25,461
up €25,461 (+60.9%), from €41,807 to €67,268
of which Taxes: +€25,438
- Financial income +€306,195
up €306,195 (+4370.9%), from €7,005 to €313,201
of which Non-recurring financial income: +€298,989
- Taxes +€25,500
up €25,500 (+49.9%), from €51,066 to €76,565
- Gross operating margin -€8,436
down €8,436 (-2.8%), from €297,329 to €288,893
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,596 | €949,375 | +€384,779 | +68.2% |
| Fixed assets | 21/28 | €96,504 | €114,781 | +€18,277 | +18.9% |
| Tangible fixed assets | 22/27 | €24,379 | €39,391 | +€15,012 | +61.6% |
| Plant, machinery and equipment | 23 | €12,010 | €8,307 | -€3,703 | -30.8% |
| Furniture and vehicles | 24 | €7,716 | €26,431 | +€18,715 | +242.5% |
| Other tangible fixed assets | 26 | €4,653 | €4,653 | = | 0.0% |
| Financial fixed assets | 28 | €72,125 | €75,390 | +€3,265 | +4.5% |
| Current assets | 29/58 | €468,092 | €834,594 | +€366,502 | +78.3% |
| Amounts receivable after more than one year | 29 | €56,000 | €320,888 | +€264,888 | +473.0% |
| Other amounts receivable | 291 | €56,000 | €320,888 | +€264,888 | +473.0% |
| Amounts receivable within one year | 40/41 | €13,981 | €89,702 | +€75,722 | +541.6% |
| Trade receivables | 40 | €10,981 | €15,972 | +€4,991 | +45.5% |
| Other amounts receivable | 41 | €3,000 | €73,730 | +€70,730 | +2357.7% |
| Current investments | 50/53 | €331,375 | €355,096 | +€23,721 | +7.2% |
| Cash at bank and in hand | 54/58 | €27,953 | €34,820 | +€6,867 | +24.6% |
| Deferred charges and accrued income | 490/1 | €38,783 | €34,087 | -€4,695 | -12.1% |
| Total equity and liabilities | 10/49 | €564,596 | €949,375 | +€384,779 | +68.2% |
| Equity | 10/15 | €504,352 | €857,911 | +€353,559 | +70.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €499,259 | €852,809 | +€353,550 | +70.8% |
| Distributable reserves | 133 | €499,259 | €852,809 | +€353,550 | +70.8% |
| Profit (loss) carried forward | 14 | €93 | €103 | +€9 | +9.9% |
| Amounts payable | 17/49 | €60,244 | €91,464 | +€31,220 | +51.8% |
| Amounts payable within one year | 42/48 | €57,244 | €88,464 | +€31,220 | +54.5% |
| Trade debts | 44 | €7,757 | €12,386 | +€4,629 | +59.7% |
| Suppliers | 440/4 | €7,757 | €12,386 | +€4,629 | +59.7% |
| Taxes, remuneration and social security | 45 | €41,807 | €67,268 | +€25,461 | +60.9% |
| Taxes | 450/3 | €14,831 | €40,269 | +€25,438 | +171.5% |
| Remuneration and social security | 454/9 | €26,976 | €26,999 | +€23 | +0.1% |
| Other amounts payable | 47/48 | €7,680 | €8,810 | +€1,131 | +14.7% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €120,448 | €119,078 | -€1,370 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,805 | €13,344 | +€1,539 | +13.0% |
| Other operating charges | 640/8 | €8,292 | €7,409 | -€883 | -10.6% |
| Gross operating margin | 9900 | €297,329 | €288,893 | -€8,436 | -2.8% |
| Operating profit (loss) | 9901 | €156,784 | €149,062 | -€7,722 | -4.9% |
| Financial income | 75/76B | €7,005 | €313,201 | +€306,195 | +4370.9% |
| Recurring financial income | 75 | €7,005 | €14,212 | +€7,207 | +102.9% |
| Non-recurring financial income | 76B | - | €298,989 | +€298,989 | |
| Financial charges | 65/66B | €330 | €388 | +€58 | +17.5% |
| Recurring financial charges | 65 | €330 | €388 | +€58 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €163,459 | €461,874 | +€298,415 | +182.6% |
| Income taxes | 67/77 | €51,066 | €76,565 | +€25,500 | +49.9% |
| Profit (loss) for the period | 9904 | €112,393 | €385,309 | +€272,916 | +242.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,393 | €385,309 | +€272,916 | +242.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.