COTTYN & PARTNERS: 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.
COTTYN & PARTNERS
Largest movements
- Receivables within one year +€6,676
up €6,676 (+119.7%), from €5,578 to €12,254
- Stocks and contracts -€4,177
down €4,177 (-32.9%), from €12,706 to €8,529
- Deferred charges and accrued income -€1,976
no longer reported in 2025 (was €1,976)
- Other debts +€12,694
up €12,694 (+1038.0%), from €1,223 to €13,917
- Profit (loss) carried forward -€5,544
down €5,544 (-22.7%), from -€24,464 to -€30,008
- Short-term financial debts -€2,867
down €2,867 (-21.4%), from €13,377 to €10,510
- Trade debts -€2,597
down €2,597 (-34.4%), from €7,542 to €4,944
- Accrued charges and deferred income -€2,051
down €2,051 (-83.7%), from €2,450 to €400
- Gross operating margin +€2,105
up €2,105 (+43.3%), from -€4,862 to -€2,757
- Depreciation -€948
down €948 (-97.5%), from €972 to €24
- Financial charges +€646
up €646 (+35.2%), from €1,838 to €2,484
- Staff costs +€280
new in 2025: €280
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,589 | €21,088 | +€499 | +2.4% |
| Fixed assets | 21/28 | €329 | €305 | -€24 | -7.3% |
| Tangible fixed assets | 22/27 | €329 | €305 | -€24 | -7.3% |
| Plant, machinery and equipment | 23 | €286 | €261 | -€24 | -8.5% |
| Furniture and vehicles | 24 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €20,260 | €20,783 | +€523 | +2.6% |
| Stocks and contracts in progress | 3 | €12,706 | €8,529 | -€4,177 | -32.9% |
| Stocks | 30/36 | €12,706 | €8,529 | -€4,177 | -32.9% |
| Amounts receivable within one year | 40/41 | €5,578 | €12,254 | +€6,676 | +119.7% |
| Trade receivables | 40 | €5,578 | €12,254 | +€6,676 | +119.7% |
| Deferred charges and accrued income | 490/1 | €1,976 | - | -€1,976 | |
| Total equity and liabilities | 10/49 | €20,589 | €21,088 | +€499 | +2.4% |
| Equity | 10/15 | -€4,012 | -€9,557 | -€5,544 | -138.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,464 | -€30,008 | -€5,544 | -22.7% |
| Amounts payable | 17/49 | €24,601 | €30,645 | +€6,043 | +24.6% |
| Amounts payable within one year | 42/48 | €22,151 | €30,245 | +€8,094 | +36.5% |
| Financial debts | 43 | €13,377 | €10,510 | -€2,867 | -21.4% |
| Credit institutions | 430/8 | €13,377 | €10,510 | -€2,867 | -21.4% |
| Trade debts | 44 | €7,542 | €4,944 | -€2,597 | -34.4% |
| Suppliers | 440/4 | €7,542 | €4,944 | -€2,597 | -34.4% |
| Taxes, remuneration and social security | 45 | €9 | €874 | +€864 | +9163.5% |
| Taxes | 450/3 | €9 | €874 | +€864 | +9163.5% |
| Other amounts payable | 47/48 | €1,223 | €13,917 | +€12,694 | +1038.0% |
| Accrued charges and deferred income | 492/3 | €2,450 | €400 | -€2,051 | -83.7% |
| Remuneration, social security and pensions | 62 | - | €280 | +€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €24 | -€948 | -97.5% |
| Other operating charges | 640/8 | €18 | - | -€18 | |
| Gross operating margin | 9900 | -€4,862 | -€2,757 | +€2,105 | +43.3% |
| Operating profit (loss) | 9901 | -€5,852 | -€3,061 | +€2,791 | +47.7% |
| Financial income | 75/76B | €31 | €0 | -€31 | -99.1% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -99.1% |
| Financial charges | 65/66B | €1,838 | €2,484 | +€646 | +35.2% |
| Recurring financial charges | 65 | €1,838 | €2,484 | +€646 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,659 | -€5,544 | +€2,115 | +27.6% |
| Profit (loss) for the period | 9904 | -€7,659 | -€5,544 | +€2,115 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,659 | -€5,544 | +€2,115 | +27.6% |
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 12 October 2026 via checked.be.