C-COGEST: 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.
C-COGEST
Largest movements
- Current investments +€68,327
up €68,327 (+21.9%), from €311,906 to €380,233
- Tangible fixed assets -€15,419
down €15,419 (-79.5%), from €19,406 to €3,987
- Reserves +€58,817
up €58,817 (+42.1%), from €139,778 to €198,595
of which Distributable reserves: +€58,817
- Trade debts +€24,071
up €24,071 (+393%), from €6,127 to €30,197
of which Bills of exchange payable: +€21,220
- Tax, wage and social debts -€15,174
no longer reported in 2025 (was €15,174)
of which Taxes: -€13,174
- Short-term financial debts -€10,632
down €10,632 (-80.1%), from €13,272 to €2,640
- Gross operating margin +€50,621
up €50,621 (+90.9%), from €55,693 to €106,314
- Taxes +€29,781
up €29,781 (+324%), from €9,197 to €38,979
- Financial income +€3,407
up €3,407 (+81.2%), from €4,194 to €7,600
of which Financial income: +€3,407
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €342,659 | €396,207 | +€53,547 | +15.6% |
| Fixed assets | 21/28 | €19,406 | €3,987 | -€15,419 | -79.5% |
| Tangible fixed assets | 22/27 | €19,406 | €3,987 | -€15,419 | -79.5% |
| Furniture and vehicles | 24 | €19,406 | €3,987 | -€15,419 | -79.5% |
| Current assets | 29/58 | €323,253 | €392,220 | +€68,967 | +21.3% |
| Amounts receivable within one year | 40/41 | €11,347 | €11,987 | +€640 | +5.6% |
| Trade receivables | 40 | €11,347 | €11,987 | +€640 | +5.6% |
| Current investments | 50/53 | €311,906 | €380,233 | +€68,327 | +21.9% |
| Total equity and liabilities | 10/49 | €342,659 | €396,207 | +€53,547 | +15.6% |
| Equity | 10/15 | €303,358 | €362,175 | +€58,817 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Share premium | 1100/10 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,778 | €198,595 | +€58,817 | +42.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €137,923 | €196,740 | +€58,817 | +42.6% |
| Profit (loss) carried forward | 14 | €151,180 | €151,180 | = | 0.0% |
| Amounts payable | 17/49 | €39,301 | €34,031 | -€5,270 | -13.4% |
| Amounts payable within one year | 42/48 | €34,573 | €32,837 | -€1,736 | -5.0% |
| Financial debts | 43 | €13,272 | €2,640 | -€10,632 | -80.1% |
| Credit institutions | 430/8 | €13,272 | €2,640 | -€10,632 | -80.1% |
| Trade debts | 44 | €6,127 | €30,197 | +€24,071 | +393% |
| Suppliers | 440/4 | €6,127 | €8,977 | +€2,851 | +46.5% |
| Bills of exchange payable | 441 | - | €21,220 | +€21,220 | |
| Taxes, remuneration and social security | 45 | €15,174 | - | -€15,174 | |
| Taxes | 450/3 | €13,174 | - | -€13,174 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €4,728 | €1,194 | -€3,534 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,212 | €15,419 | -€793 | -4.9% |
| Gross operating margin | 9900 | €55,693 | €106,314 | +€50,621 | +90.9% |
| Operating profit (loss) | 9901 | €39,481 | €90,895 | +€51,414 | +130% |
| Financial income | 75/76B | €4,194 | €7,600 | +€3,407 | +81.2% |
| Recurring financial income | 75 | €4,194 | €7,600 | +€3,407 | +81.2% |
| Non-recurring financial income | 76B | €4,194 | €7,600 | +€3,407 | +81.2% |
| Financial charges | 65/66B | €373 | €700 | +€327 | +87.6% |
| Recurring financial charges | 65 | €373 | €700 | +€327 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €43,302 | €97,796 | +€54,494 | +126% |
| Income taxes | 67/77 | €9,197 | €38,979 | +€29,781 | +324% |
| Profit (loss) for the period | 9904 | €34,104 | €58,817 | +€24,713 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,104 | €58,817 | +€24,713 | +72.5% |
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 25 October 2026 via checked.be.