COTRASE: 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.
COTRASE
Largest movements
- Receivables within one year -€71,966
down €71,966 (-52.4%), from €137,225 to €65,259
of which Trade receivables: -€60,000
- Profit (loss) carried forward -€94,223
down €94,223 (-86.0%), from -€109,600 to -€203,822
- Other debts +€20,437
up €20,437 (+19.3%), from €105,905 to €126,342
- Trade debts +€6,991
up €6,991 (+155.2%), from €4,505 to €11,496
- Tax, wage and social debts -€3,956
down €3,956 (-11.7%), from €33,864 to €29,908
of which Taxes: -€3,755
- Gross operating margin -€88,260
down €88,260, from €64,187 to -€24,073
- Other operating charges -€2,339
down €2,339 (-79.1%), from €2,957 to €618
- Financial charges -€2,102
down €2,102 (-32.9%), from €6,391 to €4,289
- Financial income -€696
no longer reported in 2025 (was €696)
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 | €138,088 | €66,247 | -€71,841 | -52.0% |
| Fixed assets | 21/28 | €860 | €860 | = | 0.0% |
| Financial fixed assets | 28 | €860 | €860 | = | 0.0% |
| Current assets | 29/58 | €137,228 | €65,387 | -€71,841 | -52.4% |
| Amounts receivable within one year | 40/41 | €137,225 | €65,259 | -€71,966 | -52.4% |
| Trade receivables | 40 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 41 | €77,225 | €65,259 | -€11,966 | -15.5% |
| Cash at bank and in hand | 54/58 | €3 | €128 | +€125 | +3670.3% |
| Total equity and liabilities | 10/49 | €138,088 | €66,247 | -€71,841 | -52.0% |
| Equity | 10/15 | -€56,801 | -€151,023 | -€94,223 | -165.9% |
| Contributions | 10/11 | €51,100 | €51,100 | = | 0.0% |
| Capital | 10 | €51,100 | €51,100 | = | 0.0% |
| Issued capital | 100 | €51,100 | €51,100 | = | 0.0% |
| Reserves | 13 | €1,699 | €1,699 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,699 | €1,699 | = | 0.0% |
| Legal reserve | 130 | €1,699 | €1,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,600 | -€203,822 | -€94,223 | -86.0% |
| Amounts payable | 17/49 | €194,889 | €217,270 | +€22,382 | +11.5% |
| Amounts payable within one year | 42/48 | €194,889 | €217,270 | +€22,382 | +11.5% |
| Financial debts | 43 | €50,615 | €49,524 | -€1,091 | -2.2% |
| Credit institutions | 430/8 | €50,615 | €49,524 | -€1,091 | -2.2% |
| Trade debts | 44 | €4,505 | €11,496 | +€6,991 | +155.2% |
| Suppliers | 440/4 | €4,505 | €11,496 | +€6,991 | +155.2% |
| Taxes, remuneration and social security | 45 | €33,864 | €29,908 | -€3,956 | -11.7% |
| Taxes | 450/3 | €22,007 | €18,252 | -€3,755 | -17.1% |
| Remuneration and social security | 454/9 | €11,857 | €11,656 | -€201 | -1.7% |
| Other amounts payable | 47/48 | €105,905 | €126,342 | +€20,437 | +19.3% |
| Remuneration, social security and pensions | 62 | €64,671 | €65,242 | +€572 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | - | -€205 | |
| Other operating charges | 640/8 | €2,957 | €618 | -€2,339 | -79.1% |
| Gross operating margin | 9900 | €64,187 | -€24,073 | -€88,260 | |
| Operating profit (loss) | 9901 | -€3,646 | -€89,934 | -€86,288 | -2366.7% |
| Financial income | 75/76B | €696 | - | -€696 | |
| Recurring financial income | 75 | €696 | - | -€696 | |
| Financial charges | 65/66B | €6,391 | €4,289 | -€2,102 | -32.9% |
| Recurring financial charges | 65 | €6,391 | €4,289 | -€2,102 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,341 | -€94,223 | -€84,882 | -908.7% |
| Profit (loss) for the period | 9904 | -€9,341 | -€94,223 | -€84,882 | -908.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,341 | -€94,223 | -€84,882 | -908.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.