COGAI: 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.
COGAI
Largest movements
- Cash -€5,654
down €5,654 (-59.8%), from €9,452 to €3,798
mainly Net result for the year (-€5,727)
- Profit (loss) carried forward -€5,727
down €5,727 (-0.7%), from -€804,441 to -€810,167
- Gross operating margin +€2,238
up €2,238 (+29.9%), from -€7,480 to -€5,242
- Purchases and services -€2,238
down €2,238 (-29.9%), from €7,480 to €5,242
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 | €462,640 | €456,986 | -€5,654 | -1.2% |
| Current assets | 29/58 | €462,640 | €456,986 | -€5,654 | -1.2% |
| Amounts receivable after more than one year | 29 | €453,188 | €453,188 | = | 0.0% |
| Other amounts receivable | 291 | €453,188 | €453,188 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,452 | €3,798 | -€5,654 | -59.8% |
| Total equity and liabilities | 10/49 | €462,640 | €456,986 | -€5,654 | -1.2% |
| Equity | 10/15 | €390,135 | €384,409 | -€5,727 | -1.5% |
| Contributions | 10/11 | €1,194,576 | €1,194,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€804,441 | -€810,167 | -€5,727 | -0.7% |
| Amounts payable | 17/49 | €72,505 | €72,577 | +€73 | +0.1% |
| Amounts payable within one year | 42/48 | €72,505 | €72,577 | +€73 | +0.1% |
| Trade debts | 44 | €2,505 | €2,577 | +€73 | +2.9% |
| Suppliers | 440/4 | €2,505 | €2,577 | +€73 | +2.9% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,480 | €5,242 | -€2,238 | -29.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€7,480 | -€5,242 | +€2,238 | +29.9% |
| Operating profit (loss) | 9901 | -€7,868 | -€5,642 | +€2,226 | +28.3% |
| Financial charges | 65/66B | €85 | €85 | = | 0.0% |
| Recurring financial charges | 65 | €85 | €85 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,952 | -€5,727 | +€2,226 | +28.0% |
| Profit (loss) for the period | 9904 | -€7,952 | -€5,727 | +€2,226 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,952 | -€5,727 | +€2,226 | +28.0% |
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.