KOTRI Management: what changed
KOTRI Management
Largest movements
- Tangible fixed assets -€23,980
down €23,980 (-24.0%), from €99,970 to €75,990
- Receivables within one year +€15,078
up €15,078 (+147%), from €10,241 to €25,320
- Cash +€2,351
up €2,351 (+32.1%), from €7,321 to €9,672
mainly Depreciation (+€23,980) and Net result for the year (+€7,574)
- Debts after one year -€25,152
down €25,152 (-29.2%), from €86,198 to €61,046
- Profit (loss) carried forward +€7,574
up €7,574 (+15.4%), from -€49,046 to -€41,472
- Tax, wage and social debts +€6,177
up €6,177 (+196%), from €3,154 to €9,331
- Trade debts +€3,710
up €3,710 (+12.7%), from €29,190 to €32,900
- Gross operating margin +€96,649
up €96,649, from -€7,196 to €89,453
- Staff costs +€32,099
up €32,099 (+213%), from €15,052 to €47,151
- Depreciation +€4,050
up €4,050 (+20.3%), from €19,930 to €23,980
- Other operating charges +€3,427
up €3,427 (+155%), from €2,214 to €5,641
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,532 | €113,982 | -€6,551 | -5.4% |
| Fixed assets | 21/28 | €102,970 | €78,990 | -€23,980 | -23.3% |
| Tangible fixed assets | 22/27 | €99,970 | €75,990 | -€23,980 | -24.0% |
| Furniture and vehicles | 24 | €99,970 | €75,990 | -€23,980 | -24.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €17,562 | €34,992 | +€17,429 | +99.2% |
| Amounts receivable within one year | 40/41 | €10,241 | €25,320 | +€15,078 | +147% |
| Trade receivables | 40 | €10,241 | €25,320 | +€15,078 | +147% |
| Cash at bank and in hand | 54/58 | €7,321 | €9,672 | +€2,351 | +32.1% |
| Total equity and liabilities | 10/49 | €120,532 | €113,982 | -€6,551 | -5.4% |
| Equity | 10/15 | -€44,046 | -€36,472 | +€7,574 | +17.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,046 | -€41,472 | +€7,574 | +15.4% |
| Amounts payable | 17/49 | €164,578 | €150,454 | -€14,124 | -8.6% |
| Amounts payable after more than one year | 17 | €86,198 | €61,046 | -€25,152 | -29.2% |
| Financial debts | 170/4 | €86,198 | €61,046 | -€25,152 | -29.2% |
| Amounts payable within one year | 42/48 | €78,355 | €89,382 | +€11,027 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €24,011 | €25,152 | +€1,141 | +4.8% |
| Trade debts | 44 | €29,190 | €32,900 | +€3,710 | +12.7% |
| Suppliers | 440/4 | €29,190 | €32,900 | +€3,710 | +12.7% |
| Taxes, remuneration and social security | 45 | €3,154 | €9,331 | +€6,177 | +196% |
| Taxes | 450/3 | €3,154 | €9,331 | +€6,177 | +196% |
| Other amounts payable | 47/48 | €22,000 | €22,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15,052 | €47,151 | +€32,099 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,930 | €23,980 | +€4,050 | +20.3% |
| Other operating charges | 640/8 | €2,214 | €5,641 | +€3,427 | +155% |
| Gross operating margin | 9900 | -€7,196 | €89,453 | +€96,649 | |
| Operating profit (loss) | 9901 | -€44,391 | €12,681 | +€57,073 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,655 | €5,108 | +€453 | +9.7% |
| Recurring financial charges | 65 | €4,655 | €5,108 | +€453 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,046 | €7,574 | +€56,620 | |
| Profit (loss) for the period | 9904 | -€49,046 | €7,574 | +€56,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,046 | €7,574 | +€56,620 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.