COTTAGE IMMO: what changed
What changed
COTTAGE IMMO
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€6,692
2024 · -€1,385+€8,077
Equity
€369,854
2024 · €363,163+€6,692
Cash
€6,907
2024 · €7,310-€403
Balance sheet total
€443,388
2024 · €403,492+€39,897
Largest movements
Assets
- Receivables within one year +€213,369
up €213,369 (+234%), from €91,182 to €304,551
of which Trade receivables: +€218,597
- Stocks and contracts -€175,000
down €175,000 (-57.4%), from €305,000 to €130,000
Equity and liabilities
- Other debts +€18,563
up €18,563 (+183%), from €10,154 to €28,717
- Trade debts +€18,517
up €18,517 (+82.6%), from €22,423 to €40,940
- Profit (loss) carried forward +€6,692
up €6,692 (+2.3%), from €289,413 to €296,104
Income statement
- Gross operating margin +€28,686
up €28,686 (+61.7%), from €46,501 to €75,188
- Staff costs +€20,795
up €20,795 (+46.9%), from €44,359 to €65,154
- Financial income +€780
up €780 (+25,824%), from €3 to €783
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,385
Gross operating margin
+€28,686
Staff costs
-€20,795
Depreciation
-€135
Other operating charges
-€350
Financial income
+€780
Financial charges
+€163
Taxes
-€272
Result 2025
€6,692
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,994
Investment
-€2,397
Financing
€0
Cash 2024
€7,310
From operations (derived)
+€1,994
Net result for the year
+€6,692
Depreciation
+€466
Stocks and contracts
+€175,000
Receivables within one year
-€213,369
Trade debts
+€18,517
Tax, wage and social debts
-€3,875
Other debts
+€18,563
Investment (derived)
-€2,397
Investment in fixed assets (net)
-€2,397
Cash 2025
€6,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,492 | €443,388 | +€39,897 | +9.9% |
| Fixed assets | 21/28 | €0 | €1,930 | +€1,930 | |
| Tangible fixed assets | 22/27 | €0 | €1,930 | +€1,930 | |
| Furniture and vehicles | 24 | - | €1,930 | +€1,930 | |
| Current assets | 29/58 | €403,492 | €441,458 | +€37,966 | +9.4% |
| Stocks and contracts in progress | 3 | €305,000 | €130,000 | -€175,000 | -57.4% |
| Stocks | 30/36 | €305,000 | €130,000 | -€175,000 | -57.4% |
| Amounts receivable within one year | 40/41 | €91,182 | €304,551 | +€213,369 | +234% |
| Trade receivables | 40 | €83,680 | €302,277 | +€218,597 | +261% |
| Other amounts receivable | 41 | €7,502 | €2,274 | -€5,228 | -69.7% |
| Cash at bank and in hand | 54/58 | €7,310 | €6,907 | -€403 | -5.5% |
| Total equity and liabilities | 10/49 | €403,492 | €443,388 | +€39,897 | +9.9% |
| Equity | 10/15 | €363,163 | €369,854 | +€6,692 | +1.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €23,750 | €23,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,413 | €296,104 | +€6,692 | +2.3% |
| Amounts payable | 17/49 | €40,329 | €73,534 | +€33,205 | +82.3% |
| Amounts payable within one year | 42/48 | €40,329 | €73,534 | +€33,205 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €22,423 | €40,940 | +€18,517 | +82.6% |
| Suppliers | 440/4 | €22,423 | €40,940 | +€18,517 | +82.6% |
| Taxes, remuneration and social security | 45 | €7,752 | €3,876 | -€3,875 | -50.0% |
| Taxes | 450/3 | €5,204 | - | -€5,204 | |
| Remuneration and social security | 454/9 | €2,547 | €3,876 | +€1,329 | +52.2% |
| Other amounts payable | 47/48 | €10,154 | €28,717 | +€18,563 | +183% |
| Remuneration, social security and pensions | 62 | €44,359 | €65,154 | +€20,795 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €466 | +€135 | +41.0% |
| Other operating charges | 640/8 | €1,894 | €2,244 | +€350 | +18.5% |
| Gross operating margin | 9900 | €46,501 | €75,188 | +€28,686 | +61.7% |
| Operating profit (loss) | 9901 | -€82 | €7,324 | +€7,406 | |
| Financial income | 75/76B | €3 | €783 | +€780 | +25,824% |
| Recurring financial income | 75 | €3 | €783 | +€780 | +25,824% |
| Financial charges | 65/66B | €1,302 | €1,139 | -€163 | -12.5% |
| Recurring financial charges | 65 | €1,302 | €1,139 | -€163 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,381 | €6,968 | +€8,349 | |
| Income taxes | 67/77 | €4 | €276 | +€272 | +6,074% |
| Profit (loss) for the period | 9904 | -€1,385 | €6,692 | +€8,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,385 | €6,692 | +€8,077 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.