DE KOTMADAM: 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.
What changed
DE KOTMADAM
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,940
2024 · -€24,149+€69,090
Equity
€212,263
2024 · €190,241+€22,022
Cash
€25,614
2024 · €6,455+€19,159
Balance sheet total
€2.3m
2024 · €2.3m-€46,067
Largest movements
Assets
- Tangible fixed assets -€64,308
down €64,308 (-2.9%), from €2.2m to €2.1m
Equity and liabilities
- Debts after one year -€84,172
down €84,172 (-4.2%), from €2.0m to €1.9m
- Profit (loss) carried forward +€24,149
up €24,149, from -€24,149 to €0
Income statement
- Gross operating margin +€93,462
up €93,462 (+105%), from €89,198 to €182,660
- Financial charges +€53,816
up €53,816 (+1,065%), from €5,052 to €58,868
- Depreciation +€34,984
up €34,984 (+119%), from €29,324 to €64,308
- Taxes +€6,934
up €6,934, from €0 to €6,934
- Other operating charges +€4,948
up €4,948 (+76.0%), from €6,508 to €11,456
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.
Result 2024
-€24,149
Gross operating margin
+€93,462
Depreciation
-€34,984
Other operating charges
-€4,948
Other operating items
+€75,978
Financial income
+€331
Financial charges
-€53,816
Taxes
-€6,934
Result 2025
€44,940
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€111,405
Investment
-€0
Financing
-€92,245
Cash 2024
€6,455
From operations (derived)
+€111,405
Net result for the year
+€44,940
Depreciation
+€64,308
Receivables within one year
-€3,414
Deferred charges and accrued income
+€4,332
Trade debts
+€2,493
Other debts
-€1,779
Accrued charges and deferred income
+€524
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€92,245
Debts after one year
-€84,172
Current portion of long-term debt
+€14,845
Contributions, distributions and other
-€22,918
Cash 2025
€25,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,343,401 | €2,297,334 | -€46,067 | -2.0% |
| Fixed assets | 21/28 | €2,191,546 | €2,127,238 | -€64,308 | -2.9% |
| Tangible fixed assets | 22/27 | €2,191,546 | €2,127,238 | -€64,308 | -2.9% |
| Land and buildings | 22 | €2,191,546 | €2,127,238 | -€64,308 | -2.9% |
| Current assets | 29/58 | €151,856 | €170,096 | +€18,241 | +12.0% |
| Amounts receivable within one year | 40/41 | €139,471 | €142,885 | +€3,414 | +2.4% |
| Trade receivables | 40 | €84,696 | €5,946 | -€78,751 | -93.0% |
| Other amounts receivable | 41 | €54,775 | €136,939 | +€82,165 | +150% |
| Cash at bank and in hand | 54/58 | €6,455 | €25,614 | +€19,159 | +297% |
| Deferred charges and accrued income | 490/1 | €5,929 | €1,597 | -€4,332 | -73.1% |
| Total equity and liabilities | 10/49 | €2,343,401 | €2,297,334 | -€46,067 | -2.0% |
| Equity | 10/15 | €190,241 | €212,263 | +€22,022 | +11.6% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €74,390 | €72,263 | -€2,127 | -2.9% |
| Distributable reserves | 133 | €74,390 | €72,263 | -€2,127 | -2.9% |
| Profit (loss) carried forward | 14 | -€24,149 | €0 | +€24,149 | |
| Amounts payable | 17/49 | €2,153,160 | €2,085,071 | -€68,090 | -3.2% |
| Amounts payable after more than one year | 17 | €1,980,623 | €1,896,450 | -€84,172 | -4.2% |
| Financial debts | 170/4 | €1,980,623 | €1,896,450 | -€84,172 | -4.2% |
| Amounts payable within one year | 42/48 | €168,038 | €183,596 | +€15,558 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €69,327 | €84,172 | +€14,845 | +21.4% |
| Trade debts | 44 | €1,211 | €3,704 | +€2,493 | +206% |
| Suppliers | 440/4 | €1,211 | €3,704 | +€2,493 | +206% |
| Other amounts payable | 47/48 | €97,499 | €95,720 | -€1,779 | -1.8% |
| Accrued charges and deferred income | 492/3 | €4,500 | €5,024 | +€524 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,324 | €64,308 | +€34,984 | +119% |
| Other operating charges | 640/8 | €6,508 | €11,456 | +€4,948 | +76.0% |
| Non-recurring operating charges | 66A | €75,978 | €0 | -€75,978 | -100% |
| Gross operating margin | 9900 | €89,198 | €182,660 | +€93,462 | +105% |
| Operating profit (loss) | 9901 | -€22,612 | €106,896 | +€129,508 | |
| Financial income | 75/76B | €3,515 | €3,846 | +€331 | +9.4% |
| Recurring financial income | 75 | €3,515 | €3,846 | +€331 | +9.4% |
| Financial charges | 65/66B | €5,052 | €58,868 | +€53,816 | +1,065% |
| Recurring financial charges | 65 | €5,052 | €58,868 | +€53,816 | +1,065% |
| Profit (loss) for the period before taxes | 9903 | -€24,149 | €51,874 | +€76,024 | |
| Income taxes | 67/77 | €0 | €6,934 | +€6,934 | |
| Profit (loss) for the period | 9904 | -€24,149 | €44,940 | +€69,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,149 | €44,940 | +€69,090 |
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 30 October 2026 via checked.be.