COTRAGRI: 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.
COTRAGRI
Largest movements
- Cash +€56,867
up €56,867 (+28.9%), from €197,092 to €253,959
mainly Depreciation (+€31,761) and Net result for the year (+€21,057)
- Tangible fixed assets -€28,612
down €28,612 (-14.6%), from €196,118 to €167,506
- Receivables within one year -€10,890
down €10,890 (-73.0%), from €14,914 to €4,024
of which Trade receivables: -€10,676
- Profit (loss) carried forward +€25,986
up €25,986 (+92.3%), from €28,150 to €54,136
- Reserves -€4,930
down €4,930 (-4.0%), from €122,350 to €117,420
of which Tax-exempt reserves: -€4,930
- Gross operating margin +€3,747
up €3,747 (+8.1%), from €46,101 to €49,848
- Other operating charges -€938
down €938 (-75.6%), from €1,240 to €302
- Financial income +€935
up €935 (+120%), from €781 to €1,716
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 | €408,506 | €425,859 | +€17,353 | +4.2% |
| Fixed assets | 21/28 | €196,118 | €167,506 | -€28,612 | -14.6% |
| Tangible fixed assets | 22/27 | €196,118 | €167,506 | -€28,612 | -14.6% |
| Land and buildings | 22 | €62,495 | €58,962 | -€3,533 | -5.7% |
| Plant, machinery and equipment | 23 | €85,190 | €71,653 | -€13,537 | -15.9% |
| Furniture and vehicles | 24 | €48,433 | €36,891 | -€11,542 | -23.8% |
| Current assets | 29/58 | €212,388 | €258,353 | +€45,965 | +21.6% |
| Amounts receivable within one year | 40/41 | €14,914 | €4,024 | -€10,890 | -73.0% |
| Trade receivables | 40 | €14,700 | €4,024 | -€10,676 | -72.6% |
| Other amounts receivable | 41 | €214 | - | -€214 | |
| Cash at bank and in hand | 54/58 | €197,092 | €253,959 | +€56,867 | +28.9% |
| Deferred charges and accrued income | 490/1 | €382 | €370 | -€12 | -3.1% |
| Total equity and liabilities | 10/49 | €408,506 | €425,859 | +€17,353 | +4.2% |
| Equity | 10/15 | €169,092 | €190,148 | +€21,056 | +12.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €122,350 | €117,420 | -€4,930 | -4.0% |
| Tax-exempt reserves | 132 | €19,718 | €14,788 | -€4,930 | -25.0% |
| Distributable reserves | 133 | €102,632 | €102,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,150 | €54,136 | +€25,986 | +92.3% |
| Provisions and deferred taxes | 16 | €8,282 | €6,212 | -€2,070 | -25.0% |
| Deferred taxes | 168 | €8,282 | €6,212 | -€2,070 | -25.0% |
| Amounts payable | 17/49 | €231,132 | €229,499 | -€1,633 | -0.7% |
| Amounts payable within one year | 42/48 | €231,132 | €229,499 | -€1,633 | -0.7% |
| Trade debts | 44 | €2,812 | €318 | -€2,494 | -88.7% |
| Suppliers | 440/4 | €2,812 | €318 | -€2,494 | -88.7% |
| Taxes, remuneration and social security | 45 | - | €2,388 | +€2,388 | |
| Taxes | 450/3 | - | €2,388 | +€2,388 | |
| Other amounts payable | 47/48 | €228,320 | €226,793 | -€1,527 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,460 | €31,761 | +€301 | +1.0% |
| Other operating charges | 640/8 | €1,240 | €302 | -€938 | -75.6% |
| Gross operating margin | 9900 | €46,101 | €49,848 | +€3,747 | +8.1% |
| Operating profit (loss) | 9901 | €13,401 | €17,785 | +€4,384 | +32.7% |
| Financial income | 75/76B | €781 | €1,716 | +€935 | +120% |
| Recurring financial income | 75 | €781 | €1,716 | +€935 | +120% |
| Financial charges | 65/66B | €156 | €94 | -€62 | -39.7% |
| Recurring financial charges | 65 | €156 | €94 | -€62 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €14,026 | €19,407 | +€5,381 | +38.4% |
| Transfer from deferred taxes | 780 | €4,141 | €2,071 | -€2,070 | -50.0% |
| Income taxes | 67/77 | €135 | €421 | +€286 | +212% |
| Profit (loss) for the period | 9904 | €18,032 | €21,057 | +€3,025 | +16.8% |
| Transfer from tax-exempt reserves | 789 | €9,859 | €4,929 | -€4,930 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,891 | €25,986 | -€1,905 | -6.8% |
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 15 October 2026 via checked.be.