COTINUS: what changed
Two fiscal 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.
COTINUS
Largest movements
- Tangible fixed assets -€58,965
down €58,965 (-3.8%), from €1.5m to €1.5m
of which Land and buildings: -€58,643
- Cash +€16,457
up €16,457 (+83.4%), from €19,723 to €36,180
mainly Depreciation (+€58,965) and Net result for the year (+€27,989)
- Debts after one year -€55,682
down €55,682 (-5.7%), from €975,233 to €919,551
of which Financial debts: -€55,682
- Profit (loss) carried forward +€27,989
up €27,989 (+12.2%), from -€229,615 to -€201,625
- Other debts -€25,002
down €25,002 (-33.1%), from €75,597 to €50,596
- Gross operating margin +€24,121
up €24,121 (+23.8%), from €101,444 to €125,565
- Financial charges -€4,348
down €4,348 (-14.9%), from €29,129 to €24,781
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 | €1,563,906 | €1,521,305 | -€42,601 | -2.7% |
| Fixed assets | 21/28 | €1,537,684 | €1,478,719 | -€58,965 | -3.8% |
| Tangible fixed assets | 22/27 | €1,534,383 | €1,475,418 | -€58,965 | -3.8% |
| Land and buildings | 22 | €1,533,629 | €1,474,986 | -€58,643 | -3.8% |
| Furniture and vehicles | 24 | €754 | €432 | -€322 | -42.7% |
| Financial fixed assets | 28 | €3,301 | €3,301 | = | 0.0% |
| Current assets | 29/58 | €26,221 | €42,585 | +€16,364 | +62.4% |
| Cash at bank and in hand | 54/58 | €19,723 | €36,180 | +€16,457 | +83.4% |
| Deferred charges and accrued income | 490/1 | €6,499 | €6,406 | -€93 | -1.4% |
| Total equity and liabilities | 10/49 | €1,563,906 | €1,521,305 | -€42,601 | -2.7% |
| Equity | 10/15 | €433,985 | €461,975 | +€27,989 | +6.4% |
| Contributions | 10/11 | €663,600 | €663,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,615 | -€201,625 | +€27,989 | +12.2% |
| Amounts payable | 17/49 | €1,129,920 | €1,059,330 | -€70,591 | -6.2% |
| Amounts payable after more than one year | 17 | €975,233 | €919,551 | -€55,682 | -5.7% |
| Financial debts | 170/4 | €480,233 | €424,551 | -€55,682 | -11.6% |
| Other amounts payable | 178/9 | €495,000 | €495,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,815 | €115,312 | -€21,503 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €54,666 | €55,682 | +€1,016 | +1.9% |
| Trade debts | 44 | €898 | €575 | -€323 | -36.0% |
| Suppliers | 440/4 | €898 | €575 | -€323 | -36.0% |
| Taxes, remuneration and social security | 45 | €5,654 | €8,459 | +€2,805 | +49.6% |
| Taxes | 450/3 | €5,654 | €8,459 | +€2,805 | +49.6% |
| Other amounts payable | 47/48 | €75,597 | €50,596 | -€25,002 | -33.1% |
| Accrued charges and deferred income | 492/3 | €17,873 | €24,467 | +€6,595 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,525 | €58,965 | +€440 | +0.8% |
| Other operating charges | 640/8 | €13,412 | €13,830 | +€418 | +3.1% |
| Gross operating margin | 9900 | €101,444 | €125,565 | +€24,121 | +23.8% |
| Operating profit (loss) | 9901 | €29,507 | €52,770 | +€23,263 | +78.8% |
| Financial charges | 65/66B | €29,129 | €24,781 | -€4,348 | -14.9% |
| Recurring financial charges | 65 | €29,129 | €24,781 | -€4,348 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €378 | €27,989 | +€27,611 | +7301.3% |
| Profit (loss) for the period | 9904 | €378 | €27,989 | +€27,611 | +7301.3% |
| Profit (loss) for the period to be appropriated | 9905 | €378 | €27,989 | +€27,611 | +7301.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.