Anthony Cognaux: 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.
Anthony Cognaux
Largest movements
- Tangible fixed assets +€375,799
new in 2025: €375,799
of which Leasing and similar rights: +€364,266
- Cash +€26,737
up €26,737 (+17,211%), from €155 to €26,893
mainly Debts after one year (+€333,215) and Other debts (+€72,556)
- Debts after one year +€333,215
new in 2025: €333,215
- Other debts +€72,556
up €72,556 (+5,850%), from €1,240 to €73,796
- Profit (loss) carried forward -€24,642
down €24,642 (-552%), from -€4,465 to -€29,107
- Current portion of long-term debt +€22,489
new in 2025: €22,489
- Gross operating margin -€12,041
down €12,041 (-1,052%), from -€1,144 to -€13,186
- Depreciation +€11,229
new in 2025: €11,229
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges +€185
up €185 (+445%), from €42 to €227
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 | €775 | €405,186 | +€404,411 | +52,172% |
| Fixed assets | 21/28 | - | €375,799 | +€375,799 | |
| Tangible fixed assets | 22/27 | - | €375,799 | +€375,799 | |
| Plant, machinery and equipment | 23 | - | €9,984 | +€9,984 | |
| Furniture and vehicles | 24 | - | €1,549 | +€1,549 | |
| Leasing and similar rights | 25 | - | €364,266 | +€364,266 | |
| Current assets | 29/58 | €775 | €29,387 | +€28,611 | +3,691% |
| Amounts receivable within one year | 40/41 | €458 | €2,271 | +€1,813 | +396% |
| Other amounts receivable | 41 | €458 | €2,271 | +€1,813 | +396% |
| Cash at bank and in hand | 54/58 | €155 | €26,893 | +€26,737 | +17,211% |
| Deferred charges and accrued income | 490/1 | €162 | €223 | +€61 | +37.5% |
| Total equity and liabilities | 10/49 | €775 | €405,186 | +€404,411 | +52,172% |
| Equity | 10/15 | -€465 | -€25,107 | -€24,642 | -5,299% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,465 | -€29,107 | -€24,642 | -552% |
| Amounts payable | 17/49 | €1,240 | €430,293 | +€429,053 | +34,595% |
| Amounts payable after more than one year | 17 | - | €333,215 | +€333,215 | |
| Financial debts | 170/4 | - | €333,215 | +€333,215 | |
| Amounts payable within one year | 42/48 | €1,240 | €97,078 | +€95,837 | +7,727% |
| Current portion of amounts payable after more than one year | 42 | - | €22,489 | +€22,489 | |
| Trade debts | 44 | - | €793 | +€793 | |
| Suppliers | 440/4 | - | €793 | +€793 | |
| Other amounts payable | 47/48 | €1,240 | €73,796 | +€72,556 | +5,850% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,229 | +€11,229 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€1,144 | -€13,186 | -€12,041 | -1,052% |
| Operating profit (loss) | 9901 | -€1,532 | -€24,415 | -€22,884 | -1,494% |
| Financial charges | 65/66B | €42 | €227 | +€185 | +445% |
| Recurring financial charges | 65 | €42 | €227 | +€185 | +445% |
| Profit (loss) for the period before taxes | 9903 | -€1,573 | -€24,642 | -€23,069 | -1,466% |
| Profit (loss) for the period | 9904 | -€1,573 | -€24,642 | -€23,069 | -1,466% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,573 | -€24,642 | -€23,069 | -1,466% |
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 26 October 2026 via checked.be.