Kotayk: what changed
Two fiscal 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.
Kotayk
Largest movements
- Receivables within one year +€303,852
up €303,852 (+1121.8%), from €27,086 to €330,938
of which Other amounts receivable: +€201,963
- Financial fixed assets +€12,403
up €12,403 (+875.1%), from €1,417 to €13,821
- Tax, wage and social debts +€172,011
up €172,011 (+1844.8%), from €9,324 to €181,335
of which Taxes: +€128,632
- Reserves +€99,839
up €99,839 (+386.0%), from €25,865 to €125,704
- Trade debts +€20,203
up €20,203 (+25.7%), from €78,469 to €98,671
- Short-term financial debts +€10,000
new in 2025: €10,000
- Debts after one year +€7,417
new in 2025: €7,417
- Gross operating margin +€257,690
up €257,690 (+600.4%), from €42,918 to €300,608
- Staff costs +€121,221
up €121,221 (+2479.9%), from €4,888 to €126,109
- Depreciation +€36,429
up €36,429 (+1388.9%), from €2,623 to €39,052
- Taxes +€22,350
up €22,350 (+250.3%), from €8,929 to €31,279
- Other operating charges +€6,277
up €6,277 (+1096.7%), from €572 to €6,849
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 | €115,627 | €432,878 | +€317,250 | +274.4% |
| Fixed assets | 21/28 | €87,045 | €101,874 | +€14,829 | +17.0% |
| Tangible fixed assets | 22/27 | €85,627 | €88,053 | +€2,426 | +2.8% |
| Furniture and vehicles | 24 | €85,627 | €88,053 | +€2,426 | +2.8% |
| Financial fixed assets | 28 | €1,417 | €13,821 | +€12,403 | +875.1% |
| Current assets | 29/58 | €28,583 | €331,004 | +€302,421 | +1058.1% |
| Amounts receivable within one year | 40/41 | €27,086 | €330,938 | +€303,852 | +1121.8% |
| Trade receivables | 40 | €16,490 | €118,378 | +€101,889 | +617.9% |
| Other amounts receivable | 41 | €10,597 | €212,560 | +€201,963 | +1905.9% |
| Cash at bank and in hand | 54/58 | €604 | €66 | -€539 | -89.2% |
| Deferred charges and accrued income | 490/1 | €892 | - | -€892 | |
| Total equity and liabilities | 10/49 | €115,627 | €432,878 | +€317,250 | +274.4% |
| Equity | 10/15 | €26,865 | €126,704 | +€99,839 | +371.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,865 | €125,704 | +€99,839 | +386.0% |
| Distributable reserves | 133 | €25,865 | €125,704 | +€99,839 | +386.0% |
| Amounts payable | 17/49 | €88,763 | €306,174 | +€217,411 | +244.9% |
| Amounts payable after more than one year | 17 | - | €7,417 | +€7,417 | |
| Financial debts | 170/4 | - | €7,417 | +€7,417 | |
| Amounts payable within one year | 42/48 | €88,763 | €298,756 | +€209,994 | +236.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,827 | +€6,827 | |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €78,469 | €98,671 | +€20,203 | +25.7% |
| Suppliers | 440/4 | €78,469 | €98,671 | +€20,203 | +25.7% |
| Taxes, remuneration and social security | 45 | €9,324 | €181,335 | +€172,011 | +1844.8% |
| Taxes | 450/3 | €8,929 | €137,562 | +€128,632 | +1440.6% |
| Remuneration and social security | 454/9 | €395 | €43,773 | +€43,379 | +10990.6% |
| Other amounts payable | 47/48 | €970 | €1,922 | +€952 | +98.1% |
| Remuneration, social security and pensions | 62 | €4,888 | €126,109 | +€121,221 | +2479.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | €39,052 | +€36,429 | +1388.9% |
| Other operating charges | 640/8 | €572 | €6,849 | +€6,277 | +1096.7% |
| Non-recurring operating charges | 66A | - | €796 | +€796 | |
| Gross operating margin | 9900 | €42,918 | €300,608 | +€257,690 | +600.4% |
| Operating profit (loss) | 9901 | €34,835 | €127,803 | +€92,967 | +266.9% |
| Financial income | 75/76B | €0 | €5,487 | +€5,486 | +2194580.0% |
| Recurring financial income | 75 | €0 | €5,487 | +€5,486 | +2194580.0% |
| Financial charges | 65/66B | €42 | €2,171 | +€2,129 | +5117.0% |
| Recurring financial charges | 65 | €42 | €2,171 | +€2,129 | +5117.0% |
| Profit (loss) for the period before taxes | 9903 | €34,794 | €131,119 | +€96,325 | +276.8% |
| Income taxes | 67/77 | €8,929 | €31,279 | +€22,350 | +250.3% |
| Profit (loss) for the period | 9904 | €25,865 | €99,839 | +€73,975 | +286.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,865 | €99,839 | +€73,975 | +286.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.