COTOINEX: 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.
COTOINEX
Largest movements
- Cash +€38,813
up €38,813 (+44.6%), from €86,984 to €125,798
mainly Net result for the year (+€42,569) and Trade debts (+€4,412)
- Receivables within one year +€6,979
up €6,979 (+189%), from €3,689 to €10,669
of which Other amounts receivable: +€4,777
- Tangible fixed assets +€5,815
up €5,815 (+65.1%), from €8,935 to €14,750
of which Furniture and vehicles: +€6,483
- Reserves +€42,583
up €42,583 (+49.0%), from €86,970 to €129,553
of which Distributable reserves: +€42,583
- Trade debts +€4,412
up €4,412 (+98.6%), from €4,473 to €8,884
- Other debts +€3,332
up €3,332 (+5.6%), from €59,591 to €62,923
- Gross operating margin +€13,893
up €13,893 (+24.6%), from €56,571 to €70,464
- Taxes +€4,493
up €4,493 (+26.1%), from €17,227 to €21,721
- Other operating charges +€2,439
up €2,439 (+277%), from €881 to €3,320
- Depreciation -€2,108
down €2,108 (-38.9%), from €5,423 to €3,315
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,461 | €302,573 | +€51,112 | +20.3% |
| Fixed assets | 21/28 | €158,835 | €164,650 | +€5,815 | +3.7% |
| Tangible fixed assets | 22/27 | €8,935 | €14,750 | +€5,815 | +65.1% |
| Land and buildings | 22 | €896 | €851 | -€45 | -5.0% |
| Plant, machinery and equipment | 23 | €622 | - | -€622 | |
| Furniture and vehicles | 24 | €7,417 | €13,899 | +€6,483 | +87.4% |
| Financial fixed assets | 28 | €149,900 | €149,900 | = | 0.0% |
| Current assets | 29/58 | €92,627 | €137,923 | +€45,296 | +48.9% |
| Amounts receivable within one year | 40/41 | €3,689 | €10,669 | +€6,979 | +189% |
| Trade receivables | 40 | €3,689 | €5,891 | +€2,202 | +59.7% |
| Other amounts receivable | 41 | - | €4,777 | +€4,777 | |
| Cash at bank and in hand | 54/58 | €86,984 | €125,798 | +€38,813 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,953 | €1,456 | -€496 | -25.4% |
| Total equity and liabilities | 10/49 | €251,461 | €302,573 | +€51,112 | +20.3% |
| Equity | 10/15 | €178,891 | €221,474 | +€42,583 | +23.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €86,970 | €129,553 | +€42,583 | +49.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €85,111 | €127,694 | +€42,583 | +50.0% |
| Profit (loss) carried forward | 14 | €85,723 | €85,723 | -€0 | 0.0% |
| Amounts payable | 17/49 | €72,571 | €81,099 | +€8,528 | +11.8% |
| Amounts payable within one year | 42/48 | €72,571 | €81,099 | +€8,528 | +11.8% |
| Trade debts | 44 | €4,473 | €8,884 | +€4,412 | +98.6% |
| Suppliers | 440/4 | €4,473 | €8,884 | +€4,412 | +98.6% |
| Taxes, remuneration and social security | 45 | €8,507 | €9,292 | +€785 | +9.2% |
| Taxes | 450/3 | €8,507 | €9,292 | +€785 | +9.2% |
| Other amounts payable | 47/48 | €59,591 | €62,923 | +€3,332 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,423 | €3,315 | -€2,108 | -38.9% |
| Other operating charges | 640/8 | €881 | €3,320 | +€2,439 | +277% |
| Gross operating margin | 9900 | €56,571 | €70,464 | +€13,893 | +24.6% |
| Operating profit (loss) | 9901 | €50,268 | €63,830 | +€13,562 | +27.0% |
| Financial income | 75/76B | €49 | €611 | +€562 | +1,141% |
| Recurring financial income | 75 | €49 | €611 | +€562 | +1,141% |
| Financial charges | 65/66B | €85 | €151 | +€66 | +77.9% |
| Recurring financial charges | 65 | €85 | €151 | +€66 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €50,232 | €64,289 | +€14,057 | +28.0% |
| Income taxes | 67/77 | €17,227 | €21,721 | +€4,493 | +26.1% |
| Profit (loss) for the period | 9904 | €33,005 | €42,569 | +€9,564 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,005 | €42,569 | +€9,564 | +29.0% |
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 25 October 2026 via checked.be.