COTTAGE: 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.
COTTAGE
Largest movements
- Tangible fixed assets -€8,780
down €8,780 (-4.7%), from €187,646 to €178,866
- Profit (loss) carried forward -€11,325
down €11,325 (-42.3%), from -€26,775 to -€38,101
- Other debts +€2,545
up €2,545 (+1.8%), from €141,903 to €144,448
- Gross operating margin -€651
down €651 (-58.7%), from -€1,111 to -€1,762
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,646 | €178,866 | -€8,780 | -4.7% |
| Fixed assets | 21/28 | €187,646 | €178,866 | -€8,780 | -4.7% |
| Tangible fixed assets | 22/27 | €187,646 | €178,866 | -€8,780 | -4.7% |
| Land and buildings | 22 | €187,646 | €178,866 | -€8,780 | -4.7% |
| Total equity and liabilities | 10/49 | €187,646 | €178,866 | -€8,780 | -4.7% |
| Equity | 10/15 | €45,743 | €34,418 | -€11,325 | -24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,919 | €53,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,059 | €52,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,775 | -€38,101 | -€11,325 | -42.3% |
| Amounts payable | 17/49 | €141,903 | €144,448 | +€2,545 | +1.8% |
| Amounts payable within one year | 42/48 | €141,903 | €144,448 | +€2,545 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €141,903 | €144,448 | +€2,545 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,780 | €8,780 | = | 0.0% |
| Other operating charges | 640/8 | €783 | €783 | = | 0.0% |
| Gross operating margin | 9900 | -€1,111 | -€1,762 | -€651 | -58.7% |
| Operating profit (loss) | 9901 | -€10,674 | -€11,325 | -€651 | -6.1% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€10,674 | -€11,325 | -€651 | -6.1% |
| Profit (loss) for the period | 9904 | -€10,674 | -€11,325 | -€651 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,674 | -€11,325 | -€651 | -6.1% |
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 4 October 2026 via checked.be.