COTTONIC: 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.
COTTONIC
Largest movements
- Cash +€279,605
up €279,605 (+163%), from €171,814 to €451,419
mainly Net result for the year (+€192,379) and Receivables within one year (+€99,394)
- Receivables within one year -€99,394
down €99,394 (-17.0%), from €583,368 to €483,974
of which Trade receivables: -€171,594
- Stocks and contracts -€35,647
down €35,647 (-67.7%), from €52,675 to €17,028
- Profit (loss) carried forward +€192,379
up €192,379 (+132%), from €145,821 to €338,200
- Reserves -€112,078
down €112,078 (-30.2%), from €370,893 to €258,815
- Accrued charges and deferred income +€88,854
up €88,854 (+64.9%), from €136,806 to €225,660
- Other debts +€80,469
up €80,469 (+92.9%), from €86,659 to €167,127
- Trade debts -€73,520
down €73,520 (-55.7%), from €132,007 to €58,487
- Gross operating margin +€165,390
up €165,390 (+77.3%), from €213,981 to €379,371
- Staff costs +€31,675
up €31,675 (+52.1%), from €60,749 to €92,424
- Taxes +€25,877
up €25,877 (+69.4%), from €37,306 to €63,183
- Financial charges +€9,130
up €9,130 (+49.0%), from €18,633 to €27,763
- Financial income +€4,450
up €4,450 (+73.3%), from €6,073 to €10,523
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 | €1,013,061 | €1,157,309 | +€144,248 | +14.2% |
| Fixed assets | 21/28 | €141,801 | €141,406 | -€395 | -0.3% |
| Tangible fixed assets | 22/27 | €41,801 | €41,406 | -€395 | -0.9% |
| Plant, machinery and equipment | 23 | €38,729 | €39,751 | +€1,022 | +2.6% |
| Furniture and vehicles | 24 | €3,072 | €1,655 | -€1,417 | -46.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €871,260 | €1,015,903 | +€144,643 | +16.6% |
| Amounts receivable after more than one year | 29 | €48,000 | €48,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €48,000 | €48,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €52,675 | €17,028 | -€35,647 | -67.7% |
| Stocks | 30/36 | €52,675 | €17,028 | -€35,647 | -67.7% |
| Amounts receivable within one year | 40/41 | €583,368 | €483,974 | -€99,394 | -17.0% |
| Trade receivables | 40 | €564,156 | €392,562 | -€171,594 | -30.4% |
| Other amounts receivable | 41 | €19,212 | €91,412 | +€72,200 | +376% |
| Cash at bank and in hand | 54/58 | €171,814 | €451,419 | +€279,605 | +163% |
| Deferred charges and accrued income | 490/1 | €15,404 | €15,482 | +€78 | +0.5% |
| Total equity and liabilities | 10/49 | €1,013,061 | €1,157,309 | +€144,248 | +14.2% |
| Equity | 10/15 | €523,214 | €603,515 | +€80,301 | +15.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €370,893 | €258,815 | -€112,078 | -30.2% |
| Distributable reserves | 133 | €370,893 | €258,815 | -€112,078 | -30.2% |
| Profit (loss) carried forward | 14 | €145,821 | €338,200 | +€192,379 | +132% |
| Amounts payable | 17/49 | €489,847 | €553,794 | +€63,947 | +13.1% |
| Amounts payable within one year | 42/48 | €353,041 | €328,134 | -€24,907 | -7.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €132,007 | €58,487 | -€73,520 | -55.7% |
| Suppliers | 440/4 | €132,007 | €58,487 | -€73,520 | -55.7% |
| Taxes, remuneration and social security | 45 | €134,376 | €102,520 | -€31,856 | -23.7% |
| Taxes | 450/3 | €127,288 | €89,288 | -€38,000 | -29.9% |
| Remuneration and social security | 454/9 | €7,087 | €13,232 | +€6,144 | +86.7% |
| Other amounts payable | 47/48 | €86,659 | €167,127 | +€80,469 | +92.9% |
| Accrued charges and deferred income | 492/3 | €136,806 | €225,660 | +€88,854 | +64.9% |
| Non-recurring operating income | 76A | €12,809 | €0 | -€12,809 | -100% |
| Remuneration, social security and pensions | 62 | €60,749 | €92,424 | +€31,675 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,461 | €11,893 | -€567 | -4.6% |
| Other operating charges | 640/8 | €3,222 | €2,252 | -€970 | -30.1% |
| Gross operating margin | 9900 | €213,981 | €379,371 | +€165,390 | +77.3% |
| Operating profit (loss) | 9901 | €137,550 | €272,802 | +€135,252 | +98.3% |
| Financial income | 75/76B | €6,073 | €10,523 | +€4,450 | +73.3% |
| Recurring financial income | 75 | €6,073 | €10,523 | +€4,450 | +73.3% |
| Financial charges | 65/66B | €18,633 | €27,763 | +€9,130 | +49.0% |
| Recurring financial charges | 65 | €18,633 | €27,763 | +€9,130 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €124,990 | €255,562 | +€130,572 | +104% |
| Income taxes | 67/77 | €37,306 | €63,183 | +€25,877 | +69.4% |
| Profit (loss) for the period | 9904 | €87,684 | €192,379 | +€104,695 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €87,684 | €192,379 | +€104,695 | +119% |
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 14 October 2026 via checked.be.