Cotton Immo & Formation: 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.
Cotton Immo & Formation
Largest movements
- Tangible fixed assets -€71,702
no longer reported in 2025 (was €71,702)
- Cash +€60,413
up €60,413 (+25,206%), from €240 to €60,653
mainly Net result for the year (+€72,315) and Investment in fixed assets (net) (+€71,702)
- Receivables within one year +€28,498
up €28,498 (+111%), from €25,718 to €54,216
of which Other amounts receivable: +€29,398
- Reserves +€72,315
up €72,315 (+306%), from €23,610 to €95,925
- Debts after one year -€41,840
no longer reported in 2025 (was €41,840)
- Current portion of long-term debt -€13,210
no longer reported in 2025 (was €13,210)
- Short-term financial debts -€9,899
no longer reported in 2025 (was €9,899)
- Tax, wage and social debts +€8,502
new in 2025: €8,502
- Gross operating margin +€103,187
up €103,187 (+3,367%), from €3,065 to €106,252
- Taxes +€28,502
new in 2025: €28,502
- Depreciation -€5,724
no longer reported in 2025 (was €5,724)
- Financial charges +€1,847
up €1,847 (+38.7%), from €4,772 to €6,619
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 | €97,693 | €114,869 | +€17,176 | +17.6% |
| Fixed assets | 21/28 | €71,702 | - | -€71,702 | |
| Tangible fixed assets | 22/27 | €71,702 | - | -€71,702 | |
| Land and buildings | 22 | €71,702 | - | -€71,702 | |
| Current assets | 29/58 | €25,991 | €114,869 | +€88,877 | +342% |
| Amounts receivable within one year | 40/41 | €25,718 | €54,216 | +€28,498 | +111% |
| Trade receivables | 40 | €900 | - | -€900 | |
| Other amounts receivable | 41 | €24,818 | €54,216 | +€29,398 | +118% |
| Cash at bank and in hand | 54/58 | €240 | €60,653 | +€60,413 | +25,206% |
| Deferred charges and accrued income | 490/1 | €34 | - | -€34 | |
| Total equity and liabilities | 10/49 | €97,693 | €114,869 | +€17,176 | +17.6% |
| Equity | 10/15 | €31,004 | €103,319 | +€72,315 | +233% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,610 | €95,925 | +€72,315 | +306% |
| Distributable reserves | 133 | €23,610 | €95,925 | +€72,315 | +306% |
| Profit (loss) carried forward | 14 | €1,194 | €1,194 | = | 0.0% |
| Amounts payable | 17/49 | €66,689 | €11,549 | -€55,140 | -82.7% |
| Amounts payable after more than one year | 17 | €41,840 | - | -€41,840 | |
| Financial debts | 170/4 | €41,840 | - | -€41,840 | |
| Amounts payable within one year | 42/48 | €24,655 | €11,191 | -€13,463 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €13,210 | - | -€13,210 | |
| Financial debts | 43 | €9,899 | - | -€9,899 | |
| Credit institutions | 430/8 | €9,899 | - | -€9,899 | |
| Trade debts | 44 | €1,546 | €2,690 | +€1,144 | +74.0% |
| Suppliers | 440/4 | €1,546 | €2,690 | +€1,144 | +74.0% |
| Taxes, remuneration and social security | 45 | - | €8,502 | +€8,502 | |
| Taxes | 450/3 | - | €8,502 | +€8,502 | |
| Accrued charges and deferred income | 492/3 | €194 | €358 | +€164 | +84.2% |
| Non-recurring operating income | 76A | - | €118,298 | +€118,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,724 | - | -€5,724 | |
| Other operating charges | 640/8 | €1,555 | €944 | -€611 | -39.3% |
| Gross operating margin | 9900 | €3,065 | €106,252 | +€103,187 | +3,367% |
| Operating profit (loss) | 9901 | -€4,214 | €105,308 | +€109,521 | |
| Financial income | 75/76B | €1,740 | €2,129 | +€389 | +22.4% |
| Recurring financial income | 75 | €1,740 | €2,129 | +€389 | +22.4% |
| Financial charges | 65/66B | €4,772 | €6,619 | +€1,847 | +38.7% |
| Recurring financial charges | 65 | €4,772 | €6,619 | +€1,847 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,246 | €100,817 | +€108,063 | |
| Income taxes | 67/77 | - | €28,502 | +€28,502 | |
| Profit (loss) for the period | 9904 | -€7,246 | €72,315 | +€79,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,246 | €72,315 | +€79,561 |
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 31 October 2026 via checked.be.