Cothur: 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.
Cothur
Largest movements
- Tangible fixed assets +€368,483
up €368,483 (+53.6%), from €686,909 to €1.1m
of which Land and buildings: +€533,462
- Intangible fixed assets -€36,413
down €36,413 (-100.0%), from €36,413 to €0
- Cash -€15,254
down €15,254 (-71.0%), from €21,487 to €6,233
mainly Investment in fixed assets (net) (-€379,499) and Trade debts (-€55,226)
- Financial fixed assets -€15,000
down €15,000 (-6.3%), from €239,000 to €224,000
- Stocks and contracts -€13,609
down €13,609 (-100.0%), from €13,609 to €0
- Debts after one year +€348,823
up €348,823 (+41.3%), from €843,681 to €1.2m
- Trade debts -€55,226
down €55,226 (-83.6%), from €66,090 to €10,863
- Current portion of long-term debt +€17,646
up €17,646 (+26.6%), from €66,459 to €84,105
- Other operating charges -€422,125
down €422,125 (-98.5%), from €428,544 to €6,418
- Financial income -€328,639
down €328,639 (-99.8%), from €329,376 to €736
- Staff costs -€101,515
down €101,515 (-97.6%), from €104,023 to €2,508
- Gross operating margin -€68,448
down €68,448 (-43.7%), from €156,487 to €88,040
- Financial charges +€12,899
up €12,899 (+145.7%), from €8,851 to €21,750
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 | €1,056,332 | €1,353,223 | +€296,891 | +28.1% |
| Fixed assets | 21/28 | €962,322 | €1,279,392 | +€317,070 | +32.9% |
| Intangible fixed assets | 21 | €36,413 | €0 | -€36,413 | -100.0% |
| Tangible fixed assets | 22/27 | €686,909 | €1,055,392 | +€368,483 | +53.6% |
| Land and buildings | 22 | €521,930 | €1,055,392 | +€533,462 | +102.2% |
| Plant, machinery and equipment | 23 | €76,324 | €0 | -€76,324 | -100.0% |
| Furniture and vehicles | 24 | €1,780 | €0 | -€1,780 | -100.0% |
| Leasing and similar rights | 25 | €34,375 | €0 | -€34,375 | -100.0% |
| Assets under construction and advance payments | 27 | €52,500 | €0 | -€52,500 | -100.0% |
| Financial fixed assets | 28 | €239,000 | €224,000 | -€15,000 | -6.3% |
| Current assets | 29/58 | €94,010 | €73,831 | -€20,179 | -21.5% |
| Stocks and contracts in progress | 3 | €13,609 | €0 | -€13,609 | -100.0% |
| Stocks | 30/36 | €13,609 | €0 | -€13,609 | -100.0% |
| Amounts receivable within one year | 40/41 | €57,236 | €66,767 | +€9,531 | +16.7% |
| Trade receivables | 40 | €51,917 | €4,268 | -€47,649 | -91.8% |
| Other amounts receivable | 41 | €5,319 | €62,500 | +€57,180 | +1074.9% |
| Cash at bank and in hand | 54/58 | €21,487 | €6,233 | -€15,254 | -71.0% |
| Deferred charges and accrued income | 490/1 | €1,677 | €830 | -€846 | -50.5% |
| Total equity and liabilities | 10/49 | €1,056,332 | €1,353,223 | +€296,891 | +28.1% |
| Equity | 10/15 | €67,376 | €62,861 | -€4,515 | -6.7% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €20,724 | €20,724 | = | 0.0% |
| Distributable reserves | 133 | €20,724 | €20,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,948 | -€126,463 | -€4,515 | -3.7% |
| Amounts payable | 17/49 | €988,956 | €1,290,362 | +€301,405 | +30.5% |
| Amounts payable after more than one year | 17 | €843,681 | €1,192,504 | +€348,823 | +41.3% |
| Financial debts | 170/4 | €843,681 | €1,192,504 | +€348,823 | +41.3% |
| Amounts payable within one year | 42/48 | €144,340 | €97,858 | -€46,483 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €66,459 | €84,105 | +€17,646 | +26.6% |
| Trade debts | 44 | €66,090 | €10,863 | -€55,226 | -83.6% |
| Suppliers | 440/4 | €66,090 | €10,863 | -€55,226 | -83.6% |
| Taxes, remuneration and social security | 45 | €11,616 | €2,435 | -€9,181 | -79.0% |
| Taxes | 450/3 | €693 | €1,692 | +€999 | +144.3% |
| Remuneration and social security | 454/9 | €10,923 | €742 | -€10,180 | -93.2% |
| Other amounts payable | 47/48 | €175 | €455 | +€279 | +159.1% |
| Accrued charges and deferred income | 492/3 | €935 | €0 | -€935 | -100.0% |
| Remuneration, social security and pensions | 62 | €104,023 | €2,508 | -€101,515 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,261 | €62,429 | -€3,832 | -5.8% |
| Other operating charges | 640/8 | €428,544 | €6,418 | -€422,125 | -98.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €156,487 | €88,040 | -€68,448 | -43.7% |
| Operating profit (loss) | 9901 | -€442,341 | €16,684 | +€459,025 | |
| Financial income | 75/76B | €329,376 | €736 | -€328,639 | -99.8% |
| Recurring financial income | 75 | €329,376 | €736 | -€328,639 | -99.8% |
| Financial charges | 65/66B | €8,851 | €21,750 | +€12,899 | +145.7% |
| Recurring financial charges | 65 | €8,851 | €21,750 | +€12,899 | +145.7% |
| Profit (loss) for the period before taxes | 9903 | -€121,816 | -€4,330 | +€117,486 | +96.4% |
| Income taxes | 67/77 | €132 | €185 | +€53 | +39.8% |
| Profit (loss) for the period | 9904 | -€121,948 | -€4,515 | +€117,434 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,948 | -€4,515 | +€117,434 | +96.3% |
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 9 October 2026 via checked.be.