COTTON RIVER: 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 RIVER
Largest movements
- Receivables within one year -€46,203
down €46,203 (-44.3%), from €104,368 to €58,164
of which Trade receivables: -€45,699
- Tangible fixed assets +€23,413
up €23,413 (+58.0%), from €40,398 to €63,812
of which Furniture and vehicles: +€40,234
- Stocks and contracts -€2,730
down €2,730 (-10.0%), from €27,224 to €24,494
- Tax, wage and social debts -€24,837
down €24,837 (-89.2%), from €27,835 to €2,998
of which Remuneration and social security: -€14,349
- Other debts -€5,973
down €5,973 (-73.1%), from €8,176 to €2,203
- Reserves +€3,982
up €3,982 (+7.7%), from €51,383 to €55,364
- Gross operating margin -€93,572
down €93,572 (-63.8%), from €146,695 to €53,123
- Staff costs -€76,345
down €76,345 (-71.9%), from €106,162 to €29,818
- Write-downs -€3,025
no longer reported in 2025 (was €3,025)
- Depreciation -€2,610
down €2,610 (-12.5%), from €20,826 to €18,217
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 | €232,620 | €204,429 | -€28,191 | -12.1% |
| Fixed assets | 21/28 | €41,472 | €64,037 | +€22,565 | +54.4% |
| Intangible fixed assets | 21 | €923 | €225 | -€698 | -75.6% |
| Tangible fixed assets | 22/27 | €40,398 | €63,812 | +€23,413 | +58.0% |
| Plant, machinery and equipment | 23 | €24,699 | €13,840 | -€10,859 | -44.0% |
| Furniture and vehicles | 24 | €2,035 | €42,269 | +€40,234 | +1977.0% |
| Other tangible fixed assets | 26 | €13,665 | €7,703 | -€5,962 | -43.6% |
| Financial fixed assets | 28 | €150 | - | -€150 | |
| Current assets | 29/58 | €191,149 | €140,393 | -€50,756 | -26.6% |
| Stocks and contracts in progress | 3 | €27,224 | €24,494 | -€2,730 | -10.0% |
| Stocks | 30/36 | €27,224 | €24,494 | -€2,730 | -10.0% |
| Amounts receivable within one year | 40/41 | €104,368 | €58,164 | -€46,203 | -44.3% |
| Trade receivables | 40 | €103,286 | €57,587 | -€45,699 | -44.2% |
| Other amounts receivable | 41 | €1,082 | €578 | -€504 | -46.6% |
| Cash at bank and in hand | 54/58 | €59,111 | €57,476 | -€1,636 | -2.8% |
| Deferred charges and accrued income | 490/1 | €446 | €258 | -€187 | -42.0% |
| Total equity and liabilities | 10/49 | €232,620 | €204,429 | -€28,191 | -12.1% |
| Equity | 10/15 | €190,446 | €193,594 | +€3,149 | +1.7% |
| Contributions | 10/11 | €126,426 | €126,426 | = | 0.0% |
| Contributions outside capital | 11 | €126,426 | €126,426 | = | 0.0% |
| Other | 1109/19 | €126,426 | €126,426 | = | 0.0% |
| Reserves | 13 | €51,383 | €55,364 | +€3,982 | +7.7% |
| Distributable reserves | 133 | €51,383 | €55,364 | +€3,982 | +7.7% |
| Profit (loss) carried forward | 14 | €12,637 | €11,804 | -€833 | -6.6% |
| Amounts payable | 17/49 | €42,175 | €10,835 | -€31,340 | -74.3% |
| Amounts payable within one year | 42/48 | €42,175 | €10,835 | -€31,340 | -74.3% |
| Trade debts | 44 | €6,165 | €5,635 | -€530 | -8.6% |
| Suppliers | 440/4 | €6,165 | €5,635 | -€530 | -8.6% |
| Taxes, remuneration and social security | 45 | €27,835 | €2,998 | -€24,837 | -89.2% |
| Taxes | 450/3 | €13,485 | €2,998 | -€10,488 | -77.8% |
| Remuneration and social security | 454/9 | €14,349 | - | -€14,349 | |
| Other amounts payable | 47/48 | €8,176 | €2,203 | -€5,973 | -73.1% |
| Remuneration, social security and pensions | 62 | €106,162 | €29,818 | -€76,345 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,826 | €18,217 | -€2,610 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,025 | - | -€3,025 | |
| Other operating charges | 640/8 | €535 | €206 | -€329 | -61.5% |
| Gross operating margin | 9900 | €146,695 | €53,123 | -€93,572 | -63.8% |
| Operating profit (loss) | 9901 | €16,147 | €4,883 | -€11,264 | -69.8% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €436 | €403 | -€33 | -7.6% |
| Recurring financial charges | 65 | €436 | €403 | -€33 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €15,744 | €4,479 | -€11,264 | -71.5% |
| Income taxes | 67/77 | €1,556 | €498 | -€1,058 | -68.0% |
| Profit (loss) for the period | 9904 | €14,188 | €3,982 | -€10,206 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,188 | €3,982 | -€10,206 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.