COTTIMMO: 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.
COTTIMMO
Largest movements
- Receivables within one year +€32,970
up €32,970 (+45.3%), from €72,752 to €105,722
of which Trade receivables: +€27,000
- Reserves +€39,543
up €39,543 (+4.7%), from €844,923 to €884,466
of which Distributable reserves: +€39,543
- Debts after one year -€30,569
down €30,569 (-3.4%), from €886,482 to €855,913
of which Financial debts: -€60,000
- Financial charges +€9,104
up €9,104 (+24.8%), from €36,771 to €45,874
- Taxes -€4,313
down €4,313 (-22.6%), from €19,125 to €14,812
- Financial income -€3,111
down €3,111 (-100.0%), from €3,111 to €0
- Gross operating margin -€2,072
down €2,072 (-1.1%), from €195,724 to €193,651
- Depreciation +€2,035
up €2,035 (+3.5%), from €58,487 to €60,521
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 | €1,967,100 | €1,979,494 | +€12,395 | +0.6% |
| Fixed assets | 21/28 | €1,884,238 | €1,864,994 | -€19,244 | -1.0% |
| Tangible fixed assets | 22/27 | €1,884,238 | €1,864,994 | -€19,244 | -1.0% |
| Land and buildings | 22 | €1,884,238 | €1,860,981 | -€23,257 | -1.2% |
| Furniture and vehicles | 24 | - | €4,013 | +€4,013 | |
| Current assets | 29/58 | €82,861 | €114,500 | +€31,639 | +38.2% |
| Amounts receivable within one year | 40/41 | €72,752 | €105,722 | +€32,970 | +45.3% |
| Trade receivables | 40 | - | €27,000 | +€27,000 | |
| Other amounts receivable | 41 | €72,752 | €78,722 | +€5,970 | +8.2% |
| Cash at bank and in hand | 54/58 | €8,950 | €7,563 | -€1,387 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,159 | €1,215 | +€57 | +4.9% |
| Total equity and liabilities | 10/49 | €1,967,100 | €1,979,494 | +€12,395 | +0.6% |
| Equity | 10/15 | €941,602 | €981,145 | +€39,543 | +4.2% |
| Contributions | 10/11 | €96,678 | €96,678 | = | 0.0% |
| Capital | 10 | €96,678 | €96,678 | = | 0.0% |
| Issued capital | 100 | €96,678 | €96,678 | = | 0.0% |
| Reserves | 13 | €844,923 | €884,466 | +€39,543 | +4.7% |
| Non-distributable reserves | 130/1 | €9,668 | €9,668 | = | 0.0% |
| Legal reserve | 130 | €9,668 | €9,668 | = | 0.0% |
| Distributable reserves | 133 | €835,256 | €874,799 | +€39,543 | +4.7% |
| Amounts payable | 17/49 | €1,025,498 | €998,350 | -€27,148 | -2.6% |
| Amounts payable after more than one year | 17 | €886,482 | €855,913 | -€30,569 | -3.4% |
| Financial debts | 170/4 | €440,000 | €380,000 | -€60,000 | -13.6% |
| Other amounts payable | 178/9 | €446,482 | €475,913 | +€29,431 | +6.6% |
| Amounts payable within one year | 42/48 | €132,506 | €136,101 | +€3,595 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €33,989 | €33,617 | -€372 | -1.1% |
| Suppliers | 440/4 | €33,989 | €33,617 | -€372 | -1.1% |
| Taxes, remuneration and social security | 45 | €24,410 | €23,113 | -€1,296 | -5.3% |
| Taxes | 450/3 | €24,410 | €23,113 | -€1,296 | -5.3% |
| Other amounts payable | 47/48 | €14,107 | €19,370 | +€5,263 | +37.3% |
| Accrued charges and deferred income | 492/3 | €6,510 | €6,336 | -€174 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,487 | €60,521 | +€2,035 | +3.5% |
| Other operating charges | 640/8 | €31,914 | €32,901 | +€986 | +3.1% |
| Gross operating margin | 9900 | €195,724 | €193,651 | -€2,072 | -1.1% |
| Operating profit (loss) | 9901 | €105,322 | €100,229 | -€5,093 | -4.8% |
| Financial income | 75/76B | €3,111 | €0 | -€3,111 | -100.0% |
| Recurring financial income | 75 | €3,111 | €0 | -€3,111 | -100.0% |
| Financial charges | 65/66B | €36,771 | €45,874 | +€9,104 | +24.8% |
| Recurring financial charges | 65 | €36,771 | €45,874 | +€9,104 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €71,663 | €54,355 | -€17,309 | -24.2% |
| Income taxes | 67/77 | €19,125 | €14,812 | -€4,313 | -22.6% |
| Profit (loss) for the period | 9904 | €52,538 | €39,543 | -€12,995 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,538 | €39,543 | -€12,995 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.