COTIM: 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.
COTIM
Largest movements
- Receivables within one year +€58,377
up €58,377 (+111.3%), from €52,467 to €110,844
of which Other amounts receivable: +€42,628
- Tangible fixed assets -€25,905
down €25,905 (-34.7%), from €74,751 to €48,845
of which Furniture and vehicles: -€32,562
- Deferred charges and accrued income +€16,118
up €16,118 (+13837.8%), from €116 to €16,235
- Current investments +€13,500
new in 2025: €13,500
- Cash +€7,924
up €7,924 (+13.4%), from €59,299 to €67,223
mainly Net result for the year (+€64,580) and Investment in fixed assets (net) (+€18,075)
- Reserves +€64,580
up €64,580 (+54.0%), from €119,594 to €184,174
- Debts after one year -€23,050
down €23,050 (-76.4%), from €30,159 to €7,109
- Current portion of long-term debt +€11,775
new in 2025: €11,775
- Tax, wage and social debts +€9,061
up €9,061 (+17.0%), from €53,150 to €62,210
- Trade debts +€7,638
up €7,638 (+1144.4%), from €667 to €8,306
- Depreciation -€5,461
down €5,461 (-41.1%), from €13,292 to €7,831
- Financial charges +€1,464
up €1,464 (+137.1%), from €1,068 to €2,533
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.
Cash bridge derived
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 | €206,633 | €276,647 | +€70,014 | +33.9% |
| Fixed assets | 21/28 | €74,751 | €48,845 | -€25,905 | -34.7% |
| Tangible fixed assets | 22/27 | €74,751 | €48,845 | -€25,905 | -34.7% |
| Land and buildings | 22 | €33,119 | €34,874 | +€1,756 | +5.3% |
| Plant, machinery and equipment | 23 | €465 | €5,366 | +€4,902 | +1054.9% |
| Furniture and vehicles | 24 | €41,167 | €8,605 | -€32,562 | -79.1% |
| Current assets | 29/58 | €131,883 | €227,802 | +€95,919 | +72.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,467 | €110,844 | +€58,377 | +111.3% |
| Trade receivables | 40 | €16,940 | €32,690 | +€15,750 | +93.0% |
| Other amounts receivable | 41 | €35,527 | €78,155 | +€42,628 | +120.0% |
| Current investments | 50/53 | - | €13,500 | +€13,500 | |
| Cash at bank and in hand | 54/58 | €59,299 | €67,223 | +€7,924 | +13.4% |
| Deferred charges and accrued income | 490/1 | €116 | €16,235 | +€16,118 | +13837.8% |
| Total equity and liabilities | 10/49 | €206,633 | €276,647 | +€70,014 | +33.9% |
| Equity | 10/15 | €122,094 | €186,674 | +€64,580 | +52.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €119,594 | €184,174 | +€64,580 | +54.0% |
| Distributable reserves | 133 | €119,594 | €184,174 | +€64,580 | +54.0% |
| Amounts payable | 17/49 | €84,539 | €89,973 | +€5,434 | +6.4% |
| Amounts payable after more than one year | 17 | €30,159 | €7,109 | -€23,050 | -76.4% |
| Financial debts | 170/4 | €30,159 | €7,109 | -€23,050 | -76.4% |
| Amounts payable within one year | 42/48 | €54,380 | €82,864 | +€28,483 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,775 | +€11,775 | |
| Financial debts | 43 | €563 | €455 | -€108 | -19.2% |
| Credit institutions | 430/8 | €563 | €455 | -€108 | -19.2% |
| Trade debts | 44 | €667 | €8,306 | +€7,638 | +1144.4% |
| Suppliers | 440/4 | €667 | €8,306 | +€7,638 | +1144.4% |
| Taxes, remuneration and social security | 45 | €53,150 | €62,210 | +€9,061 | +17.0% |
| Taxes | 450/3 | €53,150 | €62,210 | +€9,061 | +17.0% |
| Other amounts payable | 47/48 | €0 | €117 | +€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,292 | €7,831 | -€5,461 | -41.1% |
| Other operating charges | 640/8 | €153 | €313 | +€160 | +105.0% |
| Non-recurring operating charges | 66A | - | €7,786 | +€7,786 | |
| Gross operating margin | 9900 | €103,603 | €103,241 | -€361 | -0.3% |
| Operating profit (loss) | 9901 | €90,158 | €87,312 | -€2,846 | -3.2% |
| Financial income | 75/76B | €691 | €560 | -€131 | -18.9% |
| Recurring financial income | 75 | €691 | €560 | -€131 | -18.9% |
| Financial charges | 65/66B | €1,068 | €2,533 | +€1,464 | +137.1% |
| Recurring financial charges | 65 | €1,068 | €2,533 | +€1,464 | +137.1% |
| Profit (loss) for the period before taxes | 9903 | €89,781 | €85,340 | -€4,441 | -4.9% |
| Income taxes | 67/77 | €21,227 | €20,760 | -€467 | -2.2% |
| Profit (loss) for the period | 9904 | €68,554 | €64,580 | -€3,974 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,554 | €64,580 | -€3,974 | -5.8% |
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 11 October 2026 via checked.be.