COTITEX: 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.
What changed
COTITEX
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€783,497
2024 · €957,364-€173,867
Equity
€5.0m
2024 · €5.0m-€16,503
Cash
€301,866
2024 · €887,922-€586,056
Balance sheet total
€9.3m
2024 · €9.4m-€88,915
Largest movements
Assets
- Current investments -€1.4m
no longer reported in 2025 (was €1.4m)
- Receivables within one year +€1.4m
up €1.4m (+41.4%), from €3.3m to €4.6m
of which Trade receivables: +€1.3m
- Cash -€586,056
down €586,056 (-66.0%), from €887,922 to €301,866
mainly Receivables within one year (-€1.4m) and Contributions, distributions and other (-€800,000)
- Stocks and contracts +€541,491
up €541,491 (+14.2%), from €3.8m to €4.3m
Equity and liabilities
- Trade debts -€646,884
down €646,884 (-28.6%), from €2.3m to €1.6m
- Short-term financial debts +€640,703
up €640,703 (+53.9%), from €1.2m to €1.8m
Income statement
- Turnover -€928,825
down €928,825 (-6.3%), from €14.7m to €13.8m
- Goods and materials -€619,079
down €619,079 (-5.0%), from €12.5m to €11.9m
of which Change in stocks: decrease (increase): -€612,211
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.
Result 2024
€957,364
Turnover
-€928,825
Other operating income
+€96,257
Goods and materials
+€619,079
Services and other goods
-€59,514
Staff costs
+€2,406
Other operating charges
+€644
Financial income
+€112,607
Financial charges
-€79,916
Taxes
+€63,393
Result 2025
€783,497
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€1.8m
Investment
+€1.4m
Financing
-€159,297
Cash 2024
€887,922
From operations (derived)
-€1.8m
Net result for the year
+€783,497
Stocks and contracts
-€541,491
Receivables within one year
-€1.4m
Deferred charges and accrued income
+€1,353
Trade debts
-€646,884
Tax, wage and social debts
-€22,513
Other debts
-€8,869
Accrued charges and deferred income
-€34,850
Investment (derived)
+€1.4m
Current investments
+€1.4m
Financing
-€159,297
Short-term financial debts
+€640,703
Contributions, distributions and other
-€800,000
Cash 2025
€301,866
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,371,256 | €9,282,341 | -€88,915 | -0.9% |
| Fixed assets | 21/28 | €166 | €166 | = | 0.0% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Other financial fixed assets | 284/8 | €166 | €166 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €9,371,090 | €9,282,175 | -€88,915 | -0.9% |
| Stocks and contracts in progress | 3 | €3,802,672 | €4,344,163 | +€541,491 | +14.2% |
| Stocks | 30/36 | €3,802,672 | €4,344,163 | +€541,491 | +14.2% |
| Goods purchased for resale | 34 | €3,802,672 | €4,344,163 | +€541,491 | +14.2% |
| Amounts receivable within one year | 40/41 | €3,279,144 | €4,636,147 | +€1.4m | +41.4% |
| Trade receivables | 40 | €3,175,795 | €4,442,881 | +€1.3m | +39.9% |
| Other amounts receivable | 41 | €103,349 | €193,266 | +€89,917 | +87.0% |
| Current investments | 50/53 | €1,400,000 | - | -€1.4m | |
| Other investments | 51/53 | €1,400,000 | - | -€1.4m | |
| Cash at bank and in hand | 54/58 | €887,922 | €301,866 | -€586,056 | -66.0% |
| Deferred charges and accrued income | 490/1 | €1,353 | - | -€1,353 | |
| Total equity and liabilities | 10/49 | €9,371,256 | €9,282,341 | -€88,915 | -0.9% |
| Equity | 10/15 | €5,015,252 | €4,998,749 | -€16,503 | -0.3% |
| Contributions | 10/11 | €340,040 | €340,040 | = | 0.0% |
| Capital | 10 | €340,040 | €340,040 | = | 0.0% |
| Issued capital | 100 | €340,040 | €340,040 | = | 0.0% |
| Reserves | 13 | €1,061,230 | €1,061,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,004 | €34,004 | = | 0.0% |
| Legal reserve | 130 | €34,004 | €34,004 | = | 0.0% |
| Tax-exempt reserves | 132 | €745,986 | €13,446 | -€732,540 | -98.2% |
| Distributable reserves | 133 | €281,240 | €1,013,780 | +€732,540 | +260% |
| Profit (loss) carried forward | 14 | €3,613,982 | €3,597,479 | -€16,503 | -0.5% |
| Amounts payable | 17/49 | €4,356,004 | €4,283,592 | -€72,412 | -1.7% |
| Amounts payable within one year | 42/48 | €4,315,634 | €4,278,072 | -€37,562 | -0.9% |
| Financial debts | 43 | €1,187,795 | €1,828,498 | +€640,703 | +53.9% |
| Credit institutions | 430/8 | €1,187,795 | €1,828,498 | +€640,703 | +53.9% |
| Trade debts | 44 | €2,258,837 | €1,611,953 | -€646,884 | -28.6% |
| Suppliers | 440/4 | €2,258,837 | €1,611,953 | -€646,884 | -28.6% |
| Taxes, remuneration and social security | 45 | €60,133 | €37,621 | -€22,513 | -37.4% |
| Taxes | 450/3 | €34,278 | €11,909 | -€22,369 | -65.3% |
| Remuneration and social security | 454/9 | €25,855 | €25,711 | -€143 | -0.6% |
| Other amounts payable | 47/48 | €808,869 | €800,000 | -€8,869 | -1.1% |
| Accrued charges and deferred income | 492/3 | €40,371 | €5,520 | -€34,850 | -86.3% |
| Operating income | 70/76A | €14,716,224 | €13,883,657 | -€832,568 | -5.7% |
| Turnover | 70 | €14,714,828 | €13,786,003 | -€928,825 | -6.3% |
| Other operating income | 74 | €1,396 | €97,653 | +€96,257 | +6,894% |
| Operating charges | 60/66A | €13,265,775 | €12,703,160 | -€562,616 | -4.2% |
| Goods for resale, raw materials and consumables | 60 | €12,489,457 | €11,870,377 | -€619,079 | -5.0% |
| Purchases | 600/8 | €12,418,737 | €12,411,868 | -€6,869 | -0.1% |
| Change in stocks: decrease (increase) | 609 | €70,720 | -€541,491 | -€612,211 | |
| Services and other goods | 61 | €549,775 | €609,289 | +€59,514 | +10.8% |
| Remuneration, social security and pensions | 62 | €225,603 | €223,196 | -€2,406 | -1.1% |
| Other operating charges | 640/8 | €941 | €296 | -€644 | -68.5% |
| Operating profit (loss) | 9901 | €1,450,449 | €1,180,497 | -€269,952 | -18.6% |
| Financial income | 75/76B | €178,782 | €291,389 | +€112,607 | +63.0% |
| Recurring financial income | 75 | €178,782 | €291,389 | +€112,607 | +63.0% |
| Income from current assets | 751 | €29,233 | €9,226 | -€20,007 | -68.4% |
| Other financial income | 752/9 | €149,548 | €282,162 | +€132,614 | +88.7% |
| Financial charges | 65/66B | €348,819 | €428,735 | +€79,916 | +22.9% |
| Recurring financial charges | 65 | €348,819 | €428,735 | +€79,916 | +22.9% |
| Debt charges | 650 | €99,721 | €36,122 | -€63,598 | -63.8% |
| Other financial charges | 652/9 | €249,098 | €392,612 | +€143,514 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €1,280,412 | €1,043,151 | -€237,261 | -18.5% |
| Income taxes | 67/77 | €323,047 | €259,654 | -€63,393 | -19.6% |
| Taxes | 670/3 | €323,485 | €261,981 | -€61,504 | -19.0% |
| Tax adjustments and reversals of tax provisions | 77 | €438 | €2,327 | +€1,889 | +432% |
| Profit (loss) for the period | 9904 | €957,364 | €783,497 | -€173,867 | -18.2% |
| Transfer from tax-exempt reserves | 789 | €281,240 | €732,540 | +€451,300 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €1,238,604 | €1,516,037 | +€277,433 | +22.4% |
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 27 October 2026 via checked.be.