LE CÔTE VERRE: 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.
LE CÔTE VERRE
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+3.9%), from €46.2m to €47.9m
- Short-term financial debts +€15.0m
up €15.0m (+22,191%), from €67,594 to €15.1m
of which Credit institutions: +€15.0m
- Debts after one year -€11.4m
down €11.4m (-25.4%), from €44.7m to €33.3m
- Profit (loss) carried forward -€1.6m
down €1.6m (-7.3%), from -€22.0m to -€23.6m
- Gross operating margin +€518,499
up €518,499 (+397%), from €130,623 to €649,122
- Financial charges -€405,820
down €405,820 (-17.8%), from €2.3m to €1.9m
- Other operating charges +€182,713
up €182,713 (+91.0%), from €200,792 to €383,505
- Purchases and services -€15,302
down €15,302 (-16.9%), from €90,719 to €75,417
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 | €47,322,537 | €49,325,758 | +€2.0m | +4.2% |
| Fixed assets | 21/28 | €246,000 | €246,000 | = | 0.0% |
| Financial fixed assets | 28 | €246,000 | €246,000 | = | 0.0% |
| Current assets | 29/58 | €47,076,537 | €49,079,758 | +€2.0m | +4.3% |
| Stocks and contracts in progress | 3 | €46,160,733 | €47,949,880 | +€1.8m | +3.9% |
| Stocks | 30/36 | €46,160,733 | €47,949,880 | +€1.8m | +3.9% |
| Amounts receivable within one year | 40/41 | €821,460 | €1,043,303 | +€221,843 | +27.0% |
| Trade receivables | 40 | €239,250 | €152,503 | -€86,747 | -36.3% |
| Other amounts receivable | 41 | €582,210 | €890,800 | +€308,590 | +53.0% |
| Cash at bank and in hand | 54/58 | €88,252 | €84,180 | -€4,072 | -4.6% |
| Deferred charges and accrued income | 490/1 | €6,092 | €2,395 | -€3,697 | -60.7% |
| Total equity and liabilities | 10/49 | €47,322,537 | €49,325,758 | +€2.0m | +4.2% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Reserves | 13 | €19,491,825 | €19,491,825 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,491,825 | €19,491,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,007,605 | -€23,614,736 | -€1.6m | -7.3% |
| Amounts payable | 17/49 | €45,338,317 | €48,948,669 | +€3.6m | +8.0% |
| Amounts payable after more than one year | 17 | €44,685,945 | €33,316,176 | -€11.4m | -25.4% |
| Financial debts | 170/4 | €44,685,945 | €33,316,176 | -€11.4m | -25.4% |
| Amounts payable within one year | 42/48 | €649,824 | €15,632,126 | +€15.0m | +2,306% |
| Financial debts | 43 | €67,594 | €15,067,594 | +€15.0m | +22,191% |
| Credit institutions | 430/8 | - | €15,000,000 | +€15.0m | |
| Other loans | 439 | €67,594 | €67,594 | = | 0.0% |
| Trade debts | 44 | €555,562 | €537,864 | -€17,698 | -3.2% |
| Suppliers | 440/4 | €555,562 | €537,864 | -€17,698 | -3.2% |
| Other amounts payable | 47/48 | €26,668 | €26,668 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,548 | €367 | -€2,181 | -85.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,719 | €75,417 | -€15,302 | -16.9% |
| Other operating charges | 640/8 | €200,792 | €383,505 | +€182,713 | +91.0% |
| Gross operating margin | 9900 | €130,623 | €649,122 | +€518,499 | +397% |
| Operating profit (loss) | 9901 | -€70,169 | €265,617 | +€335,786 | |
| Financial charges | 65/66B | €2,278,568 | €1,872,748 | -€405,820 | -17.8% |
| Recurring financial charges | 65 | €2,278,568 | €1,872,748 | -€405,820 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,348,737 | -€1,607,131 | +€741,606 | +31.6% |
| Profit (loss) for the period | 9904 | -€2,348,737 | -€1,607,131 | +€741,606 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,348,737 | -€1,607,131 | +€741,606 | +31.6% |
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 18 October 2026 via checked.be.