Baucory-COGA: 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.
What changed
Baucory-COGA
NACE 87.203, Residential care activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€611,066
2024 · €1.1m-€450,924
Equity
€6.8m
2024 · €6.2m+€575,256
Cash
€684,088
2024 · €709,986-€25,898
Balance sheet total
€12.5m
2024 · €9.9m+€2.6m
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+34.3%), from €6.5m to €8.7m
of which Land and buildings: +€2.1m
- Current investments +€604,238
up €604,238 (+29.5%), from €2.0m to €2.7m
- Receivables within one year -€208,734
down €208,734 (-36.7%), from €569,212 to €360,478
of which Other amounts receivable: -€123,511
Equity and liabilities
- Debts after one year +€2.0m
up €2.0m (+99.0%), from €2.0m to €4.0m
- Profit (loss) carried forward +€611,066
up €611,066 (+11.9%), from €5.1m to €5.8m
Income statement
- Staff costs +€281,572
up €281,572 (+4.5%), from €6.3m to €6.6m
- Depreciation +€158,272
up €158,272 (+38.0%), from €416,312 to €574,585
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.
Result 2024
€1.1m
Staff costs
-€281,572
Depreciation
-€158,272
Other operating charges
+€6,338
Other operating items
+€58,453
Financial income
-€1,805
Financial charges
-€72,882
Taxes
-€1,184
Result 2025
€611,066
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.
From operations
+€1.4m
Investment
-€3.4m
Financing
+€1.9m
Cash 2024
€709,986
From operations (derived)
+€1.4m
Net result for the year
+€611,066
Depreciation
+€574,585
Smaller working-capital items
+€5,606
Receivables within one year
+€208,734
Deferred charges and accrued income
+€14,941
Debts within one year
+€23,245
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€2.8m
Current investments
-€604,238
Financing
+€1.9m
Debts after one year
+€2.0m
Contributions, distributions and other
-€35,810
Cash 2025
€684,088
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,879,803 | €12,462,135 | +€2.6m | +26.1% |
| Fixed assets | 21/28 | €6,492,529 | €8,721,688 | +€2.2m | +34.3% |
| Tangible fixed assets | 22/27 | €6,492,529 | €8,721,688 | +€2.2m | +34.3% |
| Land and buildings | 22 | €4,933,635 | €7,035,401 | +€2.1m | +42.6% |
| Plant, machinery and equipment | 23 | €203,039 | €526,459 | +€323,420 | +159.3% |
| Furniture and vehicles | 24 | €268,828 | €275,380 | +€6,552 | +2.4% |
| Assets under construction and advance payments | 27 | €1,087,026 | €884,448 | -€202,578 | -18.6% |
| Current assets | 29/58 | €3,387,273 | €3,740,447 | +€353,173 | +10.4% |
| Stocks and contracts in progress | 3 | €11,926 | €10,434 | -€1,492 | -12.5% |
| Stocks | 30/36 | €11,926 | €10,434 | -€1,492 | -12.5% |
| Raw materials and consumables | 30/31 | €11,926 | €10,434 | -€1,492 | -12.5% |
| Amounts receivable within one year | 40/41 | €569,212 | €360,478 | -€208,734 | -36.7% |
| Trade receivables | 40 | €297,996 | €212,772 | -€85,224 | -28.6% |
| Other amounts receivable | 41 | €271,216 | €147,706 | -€123,511 | -45.5% |
| Current investments | 50/53 | €2,046,813 | €2,651,051 | +€604,238 | +29.5% |
| Cash at bank and in hand | 54/58 | €709,986 | €684,088 | -€25,898 | -3.6% |
| Deferred charges and accrued income | 490/1 | €49,335 | €34,395 | -€14,941 | -30.3% |
| Total equity and liabilities | 10/49 | €9,879,803 | €12,462,135 | +€2.6m | +26.1% |
| Equity | 10/15 | €6,235,933 | €6,811,189 | +€575,256 | +9.2% |
| Contributions | 10/11 | €319,040 | €319,040 | = | 0.0% |
| Capital | 10 | €319,040 | €319,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,140,164 | €5,751,230 | +€611,066 | +11.9% |
| Investment grants | 15 | €776,729 | €740,919 | -€35,810 | -4.6% |
| Amounts payable | 17/49 | €3,643,869 | €5,650,946 | +€2.0m | +55.1% |
| Amounts payable after more than one year | 17 | €2,000,117 | €3,979,835 | +€2.0m | +99.0% |
| Financial debts | 170/4 | €2,000,117 | €3,979,835 | +€2.0m | +99.0% |
| Credit institutions | 173 | €2,000,117 | €3,979,835 | +€2.0m | +99.0% |
| Amounts payable within one year | 42/48 | €1,612,496 | €1,635,741 | +€23,245 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €220,296 | €271,752 | +€51,456 | +23.4% |
| Trade debts | 44 | €54,191 | €80,944 | +€26,753 | +49.4% |
| Suppliers | 440/4 | €54,191 | €80,944 | +€26,753 | +49.4% |
| Taxes, remuneration and social security | 45 | €904,462 | €868,738 | -€35,724 | -3.9% |
| Taxes | 450/3 | €67,771 | €7,267 | -€60,504 | -89.3% |
| Remuneration and social security | 454/9 | €836,690 | €861,471 | +€24,781 | +3.0% |
| Accrued charges and deferred income | 492/3 | €31,256 | €35,370 | +€4,114 | +13.2% |
| Operating income | 70/76A | €9,394,588 | €9,594,481 | +€199,893 | +2.1% |
| Other operating income | 74 | €509,968 | €477,201 | -€32,767 | -6.4% |
| Non-recurring operating income | 76A | €62,521 | €30,653 | -€31,867 | -51.0% |
| Operating charges | 60/66A | €8,365,107 | €8,940,053 | +€574,946 | +6.9% |
| Goods for resale, raw materials and consumables | 60 | €304,305 | €325,339 | +€21,034 | +6.9% |
| Purchases | 600/8 | €301,060 | €323,847 | +€22,787 | +7.6% |
| Change in stocks: decrease (increase) | 609 | €3,245 | €1,492 | -€1,753 | -54.0% |
| Services and other goods | 61 | €1,127,639 | €1,247,801 | +€120,162 | +10.7% |
| Remuneration, social security and pensions | 62 | €6,305,359 | €6,586,930 | +€281,572 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416,312 | €574,585 | +€158,272 | +38.0% |
| Other operating charges | 640/8 | €210,484 | €204,145 | -€6,338 | -3.0% |
| Non-recurring operating charges | 66A | €1,008 | €1,253 | +€245 | +24.3% |
| Operating profit (loss) | 9901 | €1,029,481 | €654,428 | -€375,053 | -36.4% |
| Financial income | 75/76B | €56,009 | €54,204 | -€1,805 | -3.2% |
| Recurring financial income | 75 | €56,009 | €54,204 | -€1,805 | -3.2% |
| Other financial income | 752/9 | €56,009 | €54,204 | -€1,805 | -3.2% |
| Financial charges | 65/66B | €19,167 | €92,050 | +€72,882 | +380.2% |
| Recurring financial charges | 65 | €19,167 | €92,050 | +€72,882 | +380.2% |
| Debt charges | 650 | €28,582 | €71,480 | +€42,898 | +150.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€13,677 | -€846 | +€12,832 | +93.8% |
| Other financial charges | 652/9 | €4,262 | €21,415 | +€17,153 | +402.4% |
| Profit (loss) for the period before taxes | 9903 | €1,066,322 | €616,582 | -€449,740 | -42.2% |
| Income taxes | 67/77 | €4,332 | €5,516 | +€1,184 | +27.3% |
| Taxes | 670/3 | €4,332 | €5,516 | +€1,184 | +27.3% |
| Profit (loss) for the period | 9904 | €1,061,990 | €611,066 | -€450,924 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,061,990 | €611,066 | -€450,924 | -42.5% |
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.