Cottage: 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.
Cottage
Largest movements
- Cash +€81,133
up €81,133 (+1,609%), from €5,044 to €86,176
mainly Trade debts (+€88,689) and Net result for the year (+€63,236)
- Stocks and contracts +€38,000
up €38,000 (+53.8%), from €70,651 to €108,651
- Tangible fixed assets +€29,398
up €29,398 (+193%), from €15,267 to €44,666
of which Other tangible fixed assets: +€32,493
- Receivables within one year +€22,653
up €22,653 (+581%), from €3,901 to €26,554
of which Other amounts receivable: +€17,734
- Financial fixed assets -€5,700
down €5,700 (-100%), from €5,700 to €0
- Trade debts +€88,689
up €88,689 (+908%), from €9,764 to €98,453
- Profit (loss) carried forward +€63,236
up €63,236, from -€21,229 to €42,006
- Other debts -€35,659
down €35,659 (-83.9%), from €42,504 to €6,845
- Tax, wage and social debts +€30,374
up €30,374 (+81.2%), from €37,395 to €67,768
of which Remuneration and social security: +€32,915
- Current portion of long-term debt +€28,073
up €28,073 (+1,456%), from €1,927 to €30,000
- Gross operating margin +€207,179
up €207,179 (+145%), from €142,674 to €349,854
- Staff costs +€144,182
up €144,182 (+134%), from €107,941 to €252,122
- Taxes +€12,021
up €12,021 (+1,850%), from €650 to €12,671
- Depreciation +€5,385
up €5,385 (+68.5%), from €7,865 to €13,250
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 | €101,359 | €270,901 | +€169,542 | +167% |
| Fixed assets | 21/28 | €20,967 | €44,666 | +€23,698 | +113% |
| Tangible fixed assets | 22/27 | €15,267 | €44,666 | +€29,398 | +193% |
| Land and buildings | 22 | €8,038 | €0 | -€8,038 | -100% |
| Plant, machinery and equipment | 23 | €2,297 | €12,172 | +€9,875 | +430% |
| Furniture and vehicles | 24 | €4,932 | €0 | -€4,932 | -100% |
| Other tangible fixed assets | 26 | - | €32,493 | +€32,493 | |
| Financial fixed assets | 28 | €5,700 | €0 | -€5,700 | -100% |
| Current assets | 29/58 | €80,391 | €226,235 | +€145,844 | +181% |
| Stocks and contracts in progress | 3 | €70,651 | €108,651 | +€38,000 | +53.8% |
| Stocks | 30/36 | €70,651 | €108,651 | +€38,000 | +53.8% |
| Amounts receivable within one year | 40/41 | €3,901 | €26,554 | +€22,653 | +581% |
| Trade receivables | 40 | €3,825 | €8,744 | +€4,919 | +129% |
| Other amounts receivable | 41 | €76 | €17,809 | +€17,734 | +23,464% |
| Cash at bank and in hand | 54/58 | €5,044 | €86,176 | +€81,133 | +1,609% |
| Deferred charges and accrued income | 490/1 | €796 | €4,855 | +€4,059 | +510% |
| Total equity and liabilities | 10/49 | €101,359 | €270,901 | +€169,542 | +167% |
| Equity | 10/15 | -€769 | €62,466 | +€63,236 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€21,229 | €42,006 | +€63,236 | |
| Amounts payable | 17/49 | €102,128 | €208,434 | +€106,306 | +104% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €102,128 | €206,688 | +€104,560 | +102% |
| Current portion of amounts payable after more than one year | 42 | €1,927 | €30,000 | +€28,073 | +1,456% |
| Financial debts | 43 | €10,538 | €3,621 | -€6,917 | -65.6% |
| Credit institutions | 430/8 | €10,538 | €0 | -€10,538 | -100% |
| Other loans | 439 | €0 | €3,621 | +€3,621 | |
| Trade debts | 44 | €9,764 | €98,453 | +€88,689 | +908% |
| Suppliers | 440/4 | €9,764 | €98,453 | +€88,689 | +908% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,395 | €67,768 | +€30,374 | +81.2% |
| Taxes | 450/3 | €20,605 | €18,064 | -€2,541 | -12.3% |
| Remuneration and social security | 454/9 | €16,789 | €49,704 | +€32,915 | +196% |
| Other amounts payable | 47/48 | €42,504 | €6,845 | -€35,659 | -83.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1,747 | +€1,747 | |
| Remuneration, social security and pensions | 62 | €107,941 | €252,122 | +€144,182 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,865 | €13,250 | +€5,385 | +68.5% |
| Other operating charges | 640/8 | €2,078 | €4,204 | +€2,126 | +102% |
| Gross operating margin | 9900 | €142,674 | €349,854 | +€207,179 | +145% |
| Operating profit (loss) | 9901 | €24,791 | €80,277 | +€55,487 | +224% |
| Financial income | 75/76B | €94 | €12 | -€82 | -87.6% |
| Recurring financial income | 75 | €94 | €12 | -€82 | -87.6% |
| Financial charges | 65/66B | €5,291 | €4,383 | -€908 | -17.2% |
| Recurring financial charges | 65 | €5,291 | €4,383 | -€908 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €19,593 | €75,906 | +€56,313 | +287% |
| Income taxes | 67/77 | €650 | €12,671 | +€12,021 | +1,850% |
| Profit (loss) for the period | 9904 | €18,944 | €63,236 | +€44,292 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €18,944 | €63,236 | +€44,292 | +234% |
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 17 October 2026 via checked.be.