Cotteny: 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.
Cotteny
Largest movements
- Receivables after one year -€23,163
down €23,163 (-26.7%), from €86,862 to €63,699
- Cash +€21,522
up €21,522 (+17.9%), from €120,129 to €141,650
mainly Net result for the year (+€46,226) and Receivables after one year (+€23,163)
- Receivables within one year -€10,659
down €10,659 (-19.8%), from €53,800 to €43,141
of which Other amounts receivable: -€7,517
- Tangible fixed assets -€3,681
down €3,681 (-17.5%), from €21,042 to €17,360
of which Other tangible fixed assets: -€2,700
- Reserves +€46,226
up €46,226 (+24.3%), from €190,334 to €236,560
- Tax, wage and social debts -€42,261
down €42,261 (-54.7%), from €77,215 to €34,955
of which Taxes: -€47,449
- Trade debts -€20,970
down €20,970 (-43.0%), from €48,728 to €27,757
- Gross operating margin -€179,727
down €179,727 (-56.0%), from €320,755 to €141,028
- Staff costs -€51,409
down €51,409 (-43.3%), from €118,685 to €67,275
- Write-downs -€39,650
down €39,650 (-100.0%), from €39,650 to €0
- Taxes -€22,515
down €22,515 (-58.1%), from €38,780 to €16,265
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 | €317,277 | €300,272 | -€17,005 | -5.4% |
| Fixed assets | 21/28 | €21,042 | €17,360 | -€3,681 | -17.5% |
| Tangible fixed assets | 22/27 | €21,042 | €17,360 | -€3,681 | -17.5% |
| Plant, machinery and equipment | 23 | €1,337 | €785 | -€552 | -41.3% |
| Furniture and vehicles | 24 | €679 | €249 | -€429 | -63.3% |
| Other tangible fixed assets | 26 | €19,026 | €16,326 | -€2,700 | -14.2% |
| Current assets | 29/58 | €296,236 | €282,912 | -€13,324 | -4.5% |
| Amounts receivable after more than one year | 29 | €86,862 | €63,699 | -€23,163 | -26.7% |
| Other amounts receivable | 291 | €86,862 | €63,699 | -€23,163 | -26.7% |
| Stocks and contracts in progress | 3 | €35,301 | €34,037 | -€1,264 | -3.6% |
| Stocks | 30/36 | €35,301 | €34,037 | -€1,264 | -3.6% |
| Amounts receivable within one year | 40/41 | €53,800 | €43,141 | -€10,659 | -19.8% |
| Trade receivables | 40 | €3,493 | €351 | -€3,142 | -90.0% |
| Other amounts receivable | 41 | €50,307 | €42,789 | -€7,517 | -14.9% |
| Cash at bank and in hand | 54/58 | €120,129 | €141,650 | +€21,522 | +17.9% |
| Deferred charges and accrued income | 490/1 | €144 | €385 | +€241 | +167.2% |
| Total equity and liabilities | 10/49 | €317,277 | €300,272 | -€17,005 | -5.4% |
| Equity | 10/15 | €191,334 | €237,560 | +€46,226 | +24.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €190,334 | €236,560 | +€46,226 | +24.3% |
| Distributable reserves | 133 | €190,334 | €236,560 | +€46,226 | +24.3% |
| Amounts payable | 17/49 | €125,943 | €62,712 | -€63,231 | -50.2% |
| Amounts payable within one year | 42/48 | €125,943 | €62,712 | -€63,231 | -50.2% |
| Trade debts | 44 | €48,728 | €27,757 | -€20,970 | -43.0% |
| Suppliers | 440/4 | €48,728 | €27,757 | -€20,970 | -43.0% |
| Taxes, remuneration and social security | 45 | €77,215 | €34,955 | -€42,261 | -54.7% |
| Taxes | 450/3 | €65,675 | €18,226 | -€47,449 | -72.2% |
| Remuneration and social security | 454/9 | €11,541 | €16,729 | +€5,189 | +45.0% |
| Remuneration, social security and pensions | 62 | €118,685 | €67,275 | -€51,409 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,681 | €3,681 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,650 | €0 | -€39,650 | -100.0% |
| Other operating charges | 640/8 | €1,239 | €4,040 | +€2,801 | +226.0% |
| Gross operating margin | 9900 | €320,755 | €141,028 | -€179,727 | -56.0% |
| Operating profit (loss) | 9901 | €157,499 | €66,031 | -€91,468 | -58.1% |
| Financial income | 75/76B | €1,016 | €868 | -€148 | -14.5% |
| Recurring financial income | 75 | €1,016 | €868 | -€148 | -14.5% |
| Financial charges | 65/66B | €5,785 | €4,409 | -€1,376 | -23.8% |
| Recurring financial charges | 65 | €5,785 | €4,409 | -€1,376 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €152,730 | €62,491 | -€90,239 | -59.1% |
| Income taxes | 67/77 | €38,780 | €16,265 | -€22,515 | -58.1% |
| Profit (loss) for the period | 9904 | €113,950 | €46,226 | -€67,725 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,950 | €46,226 | -€67,725 | -59.4% |
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 5 October 2026 via checked.be.