COTURNIX: 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.
COTURNIX
Largest movements
- Stocks and contracts -€827
down €827 (-4.9%), from €16,931 to €16,104
- Formation expenses -€658
down €658 (-40.0%), from €1,645 to €987
- Cash -€463
down €463 (-13.3%), from €3,478 to €3,015
mainly Other debts (-€5,071)
- Tangible fixed assets -€350
down €350 (-7.7%), from €4,550 to €4,200
- Other debts -€5,071
down €5,071 (-46.0%), from €11,012 to €5,941
- Tax, wage and social debts +€1,637
up €1,637 (+58.6%), from €2,793 to €4,430
- Trade debts +€920
up €920 (+32.9%), from €2,799 to €3,719
- Gross operating margin -€499
down €499 (-18.8%), from €2,650 to €2,151
- Other operating charges -€311
down €311 (-39.1%), from €795 to €484
- Financial charges +€115
up €115 (+78.2%), from €147 to €262
- Taxes -€32
down €32 (-15.0%), from €213 to €181
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 | €27,278 | €24,980 | -€2,298 | -8.4% |
| Formation expenses | 20 | €1,645 | €987 | -€658 | -40.0% |
| Fixed assets | 21/28 | €4,550 | €4,200 | -€350 | -7.7% |
| Tangible fixed assets | 22/27 | €4,550 | €4,200 | -€350 | -7.7% |
| Plant, machinery and equipment | 23 | €4,550 | €4,200 | -€350 | -7.7% |
| Current assets | 29/58 | €21,083 | €19,793 | -€1,290 | -6.1% |
| Stocks and contracts in progress | 3 | €16,931 | €16,104 | -€827 | -4.9% |
| Stocks | 30/36 | €16,931 | €16,104 | -€827 | -4.9% |
| Cash at bank and in hand | 54/58 | €3,478 | €3,015 | -€463 | -13.3% |
| Deferred charges and accrued income | 490/1 | €674 | €674 | = | 0.0% |
| Total equity and liabilities | 10/49 | €27,278 | €24,980 | -€2,298 | -8.4% |
| Equity | 10/15 | €10,674 | €10,890 | +€216 | +2.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €674 | €890 | +€216 | +32.0% |
| Distributable reserves | 133 | €674 | €890 | +€216 | +32.0% |
| Amounts payable | 17/49 | €16,604 | €14,090 | -€2,514 | -15.1% |
| Amounts payable within one year | 42/48 | €16,604 | €14,090 | -€2,514 | -15.1% |
| Trade debts | 44 | €2,799 | €3,719 | +€920 | +32.9% |
| Suppliers | 440/4 | €2,799 | €3,719 | +€920 | +32.9% |
| Taxes, remuneration and social security | 45 | €2,793 | €4,430 | +€1,637 | +58.6% |
| Taxes | 450/3 | €2,793 | €4,430 | +€1,637 | +58.6% |
| Other amounts payable | 47/48 | €11,012 | €5,941 | -€5,071 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,008 | €1,008 | = | 0.0% |
| Other operating charges | 640/8 | €795 | €484 | -€311 | -39.1% |
| Gross operating margin | 9900 | €2,650 | €2,151 | -€499 | -18.8% |
| Operating profit (loss) | 9901 | €847 | €659 | -€188 | -22.2% |
| Financial charges | 65/66B | €147 | €262 | +€115 | +78.2% |
| Recurring financial charges | 65 | €147 | €262 | +€115 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €700 | €397 | -€303 | -43.3% |
| Income taxes | 67/77 | €213 | €181 | -€32 | -15.0% |
| Profit (loss) for the period | 9904 | €487 | €216 | -€271 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €487 | €216 | -€271 | -55.6% |
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 9 October 2026 via checked.be.