COGEDIM: 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.
COGEDIM
Largest movements
- Tangible fixed assets -€15,884
down €15,884 (-5.1%), from €308,595 to €292,711
of which Land and buildings: -€19,802
- Debts after one year -€32,019
down €32,019 (-52.9%), from €60,479 to €28,461
of which Financial debts: -€31,153
- Profit (loss) carried forward +€16,583
up €16,583 (+15.4%), from -€107,856 to -€91,272
- Other debts +€6,151
up €6,151 (+2.5%), from €246,038 to €252,190
- Gross operating margin +€2,954
up €2,954 (+5.5%), from €53,890 to €56,845
- Financial charges -€1,131
down €1,131 (-13.3%), from €8,487 to €7,356
- Other operating charges +€644
up €644 (+10.1%), from €6,373 to €7,017
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,423 | €298,724 | -€12,700 | -4.1% |
| Fixed assets | 21/28 | €308,595 | €292,711 | -€15,884 | -5.1% |
| Tangible fixed assets | 22/27 | €308,595 | €292,711 | -€15,884 | -5.1% |
| Land and buildings | 22 | €308,595 | €288,792 | -€19,802 | -6.4% |
| Assets under construction and advance payments | 27 | - | €3,919 | +€3,919 | |
| Current assets | 29/58 | €2,829 | €6,013 | +€3,184 | +112.5% |
| Amounts receivable within one year | 40/41 | €1,398 | €1,923 | +€526 | +37.6% |
| Trade receivables | 40 | €1,398 | €1,923 | +€526 | +37.6% |
| Cash at bank and in hand | 54/58 | €750 | €3,311 | +€2,561 | +341.5% |
| Deferred charges and accrued income | 490/1 | €681 | €778 | +€97 | +14.2% |
| Total equity and liabilities | 10/49 | €311,423 | €298,724 | -€12,700 | -4.1% |
| Equity | 10/15 | -€34,256 | -€17,672 | +€16,583 | +48.4% |
| Contributions | 10/11 | €73,600 | €73,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,856 | -€91,272 | +€16,583 | +15.4% |
| Amounts payable | 17/49 | €345,679 | €316,396 | -€29,283 | -8.5% |
| Amounts payable after more than one year | 17 | €60,479 | €28,461 | -€32,019 | -52.9% |
| Financial debts | 170/4 | €55,215 | €24,063 | -€31,153 | -56.4% |
| Other amounts payable | 178/9 | €5,264 | €4,398 | -€866 | -16.5% |
| Amounts payable within one year | 42/48 | €285,200 | €287,935 | +€2,735 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €32,731 | €31,153 | -€1,579 | -4.8% |
| Financial debts | 43 | €532 | - | -€532 | |
| Credit institutions | 430/8 | €532 | - | -€532 | |
| Trade debts | 44 | €5,723 | €4,225 | -€1,498 | -26.2% |
| Suppliers | 440/4 | €5,723 | €4,225 | -€1,498 | -26.2% |
| Taxes, remuneration and social security | 45 | €175 | €368 | +€193 | +110.1% |
| Taxes | 450/3 | €175 | €368 | +€193 | +110.1% |
| Other amounts payable | 47/48 | €246,038 | €252,190 | +€6,151 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,194 | €25,336 | +€142 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €328 | €379 | +€51 | +15.4% |
| Other operating charges | 640/8 | €6,373 | €7,017 | +€644 | +10.1% |
| Gross operating margin | 9900 | €53,890 | €56,845 | +€2,954 | +5.5% |
| Operating profit (loss) | 9901 | €21,996 | €24,113 | +€2,117 | +9.6% |
| Financial charges | 65/66B | €8,487 | €7,356 | -€1,131 | -13.3% |
| Recurring financial charges | 65 | €8,487 | €7,356 | -€1,131 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €13,509 | €16,757 | +€3,248 | +24.0% |
| Income taxes | 67/77 | €334 | €193 | -€141 | -42.2% |
| Profit (loss) for the period | 9904 | €13,175 | €16,564 | +€3,389 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,175 | €16,564 | +€3,389 | +25.7% |
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.