Cotragim: 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.
Cotragim
Largest movements
- Cash -€18,443
down €18,443 (-44.1%), from €41,861 to €23,418
mainly Receivables within one year (-€18,422) and Contributions, distributions and other (-€13,338)
- Receivables within one year +€18,422
up €18,422 (+61.4%), from €30,005 to €48,427
of which Trade receivables: +€12,725
- Tangible fixed assets -€4,828
down €4,828 (-44.4%), from €10,876 to €6,048
of which Plant, machinery and equipment: -€3,139
- Stocks and contracts -€4,300
down €4,300 (-11.6%), from €36,980 to €32,680
- Reserves -€13,338
down €13,338 (-14.1%), from €94,663 to €81,325
- Profit (loss) carried forward +€12,115
up €12,115 (+51.1%), from -€23,693 to -€11,578
- Trade debts -€6,625
down €6,625 (-88.9%), from €7,450 to €825
- Tax, wage and social debts -€1,316
down €1,316 (-59.7%), from €2,203 to €887
- Gross operating margin +€26,693
up €26,693, from -€2,766 to €23,927
- Depreciation -€8,396
down €8,396 (-63.5%), from €13,224 to €4,828
- Other operating charges -€2,248
down €2,248 (-46.2%), from €4,863 to €2,615
- Taxes +€1,729
up €1,729 (+282.1%), from €613 to €2,342
- Financial charges -€367
down €367 (-14.1%), from €2,612 to €2,245
of which Non-recurring financial charges: -€744
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 | €122,582 | €113,513 | -€9,069 | -7.4% |
| Fixed assets | 21/28 | €11,926 | €7,098 | -€4,828 | -40.5% |
| Tangible fixed assets | 22/27 | €10,876 | €6,048 | -€4,828 | -44.4% |
| Plant, machinery and equipment | 23 | €9,153 | €6,014 | -€3,139 | -34.3% |
| Furniture and vehicles | 24 | €1,723 | €34 | -€1,689 | -98.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €110,656 | €106,415 | -€4,241 | -3.8% |
| Stocks and contracts in progress | 3 | €36,980 | €32,680 | -€4,300 | -11.6% |
| Stocks | 30/36 | €36,980 | €32,680 | -€4,300 | -11.6% |
| Amounts receivable within one year | 40/41 | €30,005 | €48,427 | +€18,422 | +61.4% |
| Trade receivables | 40 | €30,005 | €42,730 | +€12,725 | +42.4% |
| Other amounts receivable | 41 | - | €5,697 | +€5,697 | |
| Cash at bank and in hand | 54/58 | €41,861 | €23,418 | -€18,443 | -44.1% |
| Deferred charges and accrued income | 490/1 | €1,810 | €1,890 | +€80 | +4.4% |
| Total equity and liabilities | 10/49 | €122,582 | €113,513 | -€9,069 | -7.4% |
| Equity | 10/15 | €77,170 | €75,947 | -€1,223 | -1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,663 | €81,325 | -€13,338 | -14.1% |
| Distributable reserves | 133 | €94,663 | €81,325 | -€13,338 | -14.1% |
| Profit (loss) carried forward | 14 | -€23,693 | -€11,578 | +€12,115 | +51.1% |
| Amounts payable | 17/49 | €45,412 | €37,566 | -€7,846 | -17.3% |
| Amounts payable within one year | 42/48 | €44,256 | €36,514 | -€7,742 | -17.5% |
| Trade debts | 44 | €7,450 | €825 | -€6,625 | -88.9% |
| Suppliers | 440/4 | €7,450 | €825 | -€6,625 | -88.9% |
| Taxes, remuneration and social security | 45 | €2,203 | €887 | -€1,316 | -59.7% |
| Taxes | 450/3 | €2,203 | €887 | -€1,316 | -59.7% |
| Other amounts payable | 47/48 | €34,603 | €34,802 | +€199 | +0.6% |
| Accrued charges and deferred income | 492/3 | €1,156 | €1,052 | -€104 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,224 | €4,828 | -€8,396 | -63.5% |
| Other operating charges | 640/8 | €4,863 | €2,615 | -€2,248 | -46.2% |
| Gross operating margin | 9900 | -€2,766 | €23,927 | +€26,693 | |
| Operating profit (loss) | 9901 | -€20,853 | €16,484 | +€37,337 | |
| Financial income | 75/76B | €385 | €218 | -€167 | -43.4% |
| Recurring financial income | 75 | €385 | €218 | -€167 | -43.4% |
| Financial charges | 65/66B | €2,612 | €2,245 | -€367 | -14.1% |
| Recurring financial charges | 65 | €1,868 | €2,245 | +€377 | +20.2% |
| Non-recurring financial charges | 66B | €744 | - | -€744 | |
| Profit (loss) for the period before taxes | 9903 | -€23,080 | €14,457 | +€37,537 | |
| Income taxes | 67/77 | €613 | €2,342 | +€1,729 | +282.1% |
| Profit (loss) for the period | 9904 | -€23,693 | €12,115 | +€35,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,693 | €12,115 | +€35,808 |
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 8 October 2026 via checked.be.