JV Cotax: 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.
JV Cotax
Largest movements
- Cash +€70,747
up €70,747 (+2,789%), from €2,537 to €73,284
mainly Current investments (+€65,000) and Net result for the year (+€27,554)
- Current investments -€65,000
no longer reported in 2025 (was €65,000)
- Receivables within one year +€32,463
up €32,463 (+505%), from €6,424 to €38,887
- Tangible fixed assets -€10,143
down €10,143 (-24.6%), from €41,226 to €31,083
of which Furniture and vehicles: -€6,750
- Reserves +€27,000
up €27,000 (+29.3%), from €92,000 to €119,000
- Gross operating margin +€4,213
up €4,213 (+9.6%), from €43,891 to €48,103
- Depreciation +€1,907
up €1,907 (+23.2%), from €8,236 to €10,143
- Other operating charges +€1,884
up €1,884 (+76.6%), from €2,461 to €4,345
- Financial income +€741
up €741 (+58.2%), from €1,274 to €2,015
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 | €115,341 | €143,407 | +€28,067 | +24.3% |
| Fixed assets | 21/28 | €41,226 | €31,083 | -€10,143 | -24.6% |
| Tangible fixed assets | 22/27 | €41,226 | €31,083 | -€10,143 | -24.6% |
| Plant, machinery and equipment | 23 | €687 | €271 | -€416 | -60.6% |
| Furniture and vehicles | 24 | €15,287 | €8,537 | -€6,750 | -44.2% |
| Other tangible fixed assets | 26 | €25,252 | €22,275 | -€2,977 | -11.8% |
| Current assets | 29/58 | €74,114 | €112,324 | +€38,210 | +51.6% |
| Amounts receivable within one year | 40/41 | €6,424 | €38,887 | +€32,463 | +505% |
| Trade receivables | 40 | €6,424 | €38,887 | +€32,463 | +505% |
| Current investments | 50/53 | €65,000 | - | -€65,000 | |
| Cash at bank and in hand | 54/58 | €2,537 | €73,284 | +€70,747 | +2,789% |
| Deferred charges and accrued income | 490/1 | €153 | €153 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €115,341 | €143,407 | +€28,067 | +24.3% |
| Equity | 10/15 | €93,107 | €120,661 | +€27,554 | +29.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €92,000 | €119,000 | +€27,000 | +29.3% |
| Distributable reserves | 133 | €92,000 | €119,000 | +€27,000 | +29.3% |
| Profit (loss) carried forward | 14 | €107 | €661 | +€554 | +520% |
| Amounts payable | 17/49 | €22,234 | €22,746 | +€512 | +2.3% |
| Amounts payable within one year | 42/48 | €21,661 | €21,812 | +€151 | +0.7% |
| Taxes, remuneration and social security | 45 | €9,618 | €9,368 | -€250 | -2.6% |
| Taxes | 450/3 | €9,618 | €9,368 | -€250 | -2.6% |
| Other amounts payable | 47/48 | €12,043 | €12,444 | +€401 | +3.3% |
| Accrued charges and deferred income | 492/3 | €572 | €934 | +€362 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,236 | €10,143 | +€1,907 | +23.2% |
| Other operating charges | 640/8 | €2,461 | €4,345 | +€1,884 | +76.6% |
| Non-recurring operating charges | 66A | - | €68 | +€68 | |
| Gross operating margin | 9900 | €43,891 | €48,103 | +€4,213 | +9.6% |
| Operating profit (loss) | 9901 | €33,194 | €33,547 | +€353 | +1.1% |
| Financial income | 75/76B | €1,274 | €2,015 | +€741 | +58.2% |
| Recurring financial income | 75 | €1,274 | €2,015 | +€741 | +58.2% |
| Financial charges | 65/66B | €641 | €983 | +€341 | +53.2% |
| Recurring financial charges | 65 | €641 | €983 | +€341 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €33,826 | €34,579 | +€752 | +2.2% |
| Income taxes | 67/77 | €7,064 | €7,024 | -€40 | -0.6% |
| Profit (loss) for the period | 9904 | €26,762 | €27,554 | +€792 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,762 | €27,554 | +€792 | +3.0% |
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 17 October 2026 via checked.be.