COTIS: what changed
COTIS
Largest movements
- Cash +€87,622
up €87,622 (+80.8%), from €108,391 to €196,012
mainly Net result for the year (+€74,015) and Depreciation (+€14,641)
- Tangible fixed assets -€13,192
down €13,192 (-37.3%), from €35,335 to €22,143
of which Furniture and vehicles: -€12,669
- Receivables within one year -€3,200
down €3,200 (-97.3%), from €3,288 to €88
of which Other amounts receivable: -€2,792
- Profit (loss) carried forward +€120,325
up €120,325 (+188%), from €63,866 to €184,191
- Reserves -€46,310
no longer reported in 2025 (was €46,310)
- Tax, wage and social debts +€10,154
up €10,154 (+104%), from €9,717 to €19,872
of which Taxes: +€10,167
- Debts after one year -€8,146
down €8,146 (-85.6%), from €9,511 to €1,365
- Trade debts -€4,862
down €4,862 (-56.9%), from €8,540 to €3,679
- Gross operating margin +€55,779
up €55,779 (+106%), from €52,842 to €108,620
- Taxes +€12,716
up €12,716 (+138%), from €9,203 to €21,919
- Financial income +€1,923
up €1,923 (+149%), from €1,289 to €3,213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,010 | €219,252 | +€71,242 | +48.1% |
| Fixed assets | 21/28 | €35,335 | €22,143 | -€13,192 | -37.3% |
| Tangible fixed assets | 22/27 | €35,335 | €22,143 | -€13,192 | -37.3% |
| Plant, machinery and equipment | 23 | €4,554 | €4,031 | -€524 | -11.5% |
| Furniture and vehicles | 24 | €30,781 | €18,113 | -€12,669 | -41.2% |
| Current assets | 29/58 | €112,675 | €197,109 | +€84,434 | +74.9% |
| Amounts receivable within one year | 40/41 | €3,288 | €88 | -€3,200 | -97.3% |
| Trade receivables | 40 | €408 | - | -€408 | |
| Other amounts receivable | 41 | €2,879 | €88 | -€2,792 | -97.0% |
| Cash at bank and in hand | 54/58 | €108,391 | €196,012 | +€87,622 | +80.8% |
| Deferred charges and accrued income | 490/1 | €996 | €1,009 | +€12 | +1.2% |
| Total equity and liabilities | 10/49 | €148,010 | €219,252 | +€71,242 | +48.1% |
| Equity | 10/15 | €112,176 | €186,191 | +€74,015 | +66.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,310 | - | -€46,310 | |
| Tax-exempt reserves | 132 | €46,310 | - | -€46,310 | |
| Profit (loss) carried forward | 14 | €63,866 | €184,191 | +€120,325 | +188% |
| Amounts payable | 17/49 | €35,834 | €33,061 | -€2,773 | -7.7% |
| Amounts payable after more than one year | 17 | €9,511 | €1,365 | -€8,146 | -85.6% |
| Financial debts | 170/4 | €9,511 | €1,365 | -€8,146 | -85.6% |
| Amounts payable within one year | 42/48 | €26,323 | €31,696 | +€5,373 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €8,065 | €8,146 | +€80 | +1.0% |
| Trade debts | 44 | €8,540 | €3,679 | -€4,862 | -56.9% |
| Suppliers | 440/4 | €8,540 | €3,679 | -€4,862 | -56.9% |
| Taxes, remuneration and social security | 45 | €9,717 | €19,872 | +€10,154 | +104% |
| Taxes | 450/3 | €9,705 | €19,872 | +€10,167 | +105% |
| Remuneration and social security | 454/9 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,598 | €14,641 | +€43 | +0.3% |
| Other operating charges | 640/8 | €1,030 | €1,028 | -€2 | -0.2% |
| Gross operating margin | 9900 | €52,842 | €108,620 | +€55,779 | +106% |
| Operating profit (loss) | 9901 | €37,213 | €92,951 | +€55,738 | +150% |
| Financial income | 75/76B | €1,289 | €3,213 | +€1,923 | +149% |
| Recurring financial income | 75 | €1,289 | €3,213 | +€1,923 | +149% |
| Financial charges | 65/66B | €329 | €230 | -€99 | -30.0% |
| Recurring financial charges | 65 | €329 | €230 | -€99 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €38,174 | €95,934 | +€57,760 | +151% |
| Income taxes | 67/77 | €9,203 | €21,919 | +€12,716 | +138% |
| Profit (loss) for the period | 9904 | €28,971 | €74,015 | +€45,044 | +155% |
| Transfer from tax-exempt reserves | 789 | - | €46,310 | +€46,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,971 | €120,325 | +€91,354 | +315% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.