COGEFID: 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
COGEFID
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,856
2024 · -€10,966+€15,821
Equity
€245,973
2024 · €241,118+€4,856
Cash
€42,039
2024 · €43,871-€1,832
Balance sheet total
€325,342
2024 · €334,492-€9,150
Largest movements
Assets
- Current investments -€34,337
down €34,337 (-100.0%), from €34,337 to €0
- Receivables within one year +€26,572
up €26,572 (+31.1%), from €85,387 to €111,959
of which Other amounts receivable: +€25,829
Equity and liabilities
- Debts after one year -€14,985
down €14,985 (-20.8%), from €71,894 to €56,909
- Profit (loss) carried forward +€4,856
up €4,856 (+2.2%), from €220,658 to €225,513
Income statement
- Depreciation -€17,191
down €17,191 (-84.8%), from €20,278 to €3,087
- Purchases and services -€9,943
down €9,943 (-15.8%), from €62,830 to €52,887
- Taxes +€1,307
new in 2025: €1,307
- Gross operating margin -€675
down €675 (-4.4%), from €15,483 to €14,808
- Turnover -€595
down €595 (-1.0%), from €57,029 to €56,434
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
-€10,966
Gross operating margin
-€675
Depreciation
+€17,191
Other operating charges
+€142
Other operating items
+€111
Financial income
-€34
Financial charges
+€394
Taxes
-€1,307
Result 2025
€4,856
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
-€20,412
Investment
+€32,872
Financing
-€14,292
Cash 2024
€43,871
From operations (derived)
-€20,412
Net result for the year
+€4,856
Depreciation
+€3,087
Receivables within one year
-€26,572
Deferred charges and accrued income
-€2,069
Trade debts
+€13
Tax, wage and social debts
+€273
Investment (derived)
+€32,872
Investment in fixed assets (net)
-€1,465
Current investments
+€34,337
Financing
-€14,292
Debts after one year
-€14,985
Current portion of long-term debt
+€694
Cash 2025
€42,039
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,492 | €325,342 | -€9,150 | -2.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,994 | €7,372 | -€1,622 | -18.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €8,994 | €7,372 | -€1,622 | -18.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €8,928 | €6,711 | -€2,218 | -24.8% |
| Furniture and vehicles | 24 | €66 | €661 | +€595 | +905.1% |
| Current assets | 29/58 | €325,497 | €317,970 | -€7,528 | -2.3% |
| Amounts receivable after more than one year | 29 | €136,466 | €136,466 | = | 0.0% |
| Other amounts receivable | 291 | €136,466 | €136,466 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,387 | €111,959 | +€26,572 | +31.1% |
| Trade receivables | 40 | €28,744 | €29,488 | +€743 | +2.6% |
| Other amounts receivable | 41 | €56,643 | €82,472 | +€25,829 | +45.6% |
| Current investments | 50/53 | €34,337 | €0 | -€34,337 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,871 | €42,039 | -€1,832 | -4.2% |
| Deferred charges and accrued income | 490/1 | €25,436 | €27,505 | +€2,069 | +8.1% |
| Total equity and liabilities | 10/49 | €334,492 | €325,342 | -€9,150 | -2.7% |
| Equity | 10/15 | €241,118 | €245,973 | +€4,856 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,658 | €225,513 | +€4,856 | +2.2% |
| Amounts payable | 17/49 | €93,374 | €79,369 | -€14,005 | -15.0% |
| Amounts payable after more than one year | 17 | €71,894 | €56,909 | -€14,985 | -20.8% |
| Financial debts | 170/4 | €71,894 | €56,909 | -€14,985 | -20.8% |
| Amounts payable within one year | 42/48 | €21,480 | €22,460 | +€980 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €14,292 | €14,985 | +€694 | +4.9% |
| Trade debts | 44 | €1,535 | €1,548 | +€13 | +0.8% |
| Suppliers | 440/4 | €1,535 | €1,548 | +€13 | +0.8% |
| Taxes, remuneration and social security | 45 | €2,903 | €3,176 | +€273 | +9.4% |
| Taxes | 450/3 | €2,903 | €3,176 | +€273 | +9.4% |
| Other amounts payable | 47/48 | €2,750 | €2,750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €57,029 | €56,434 | -€595 | -1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,830 | €52,887 | -€9,943 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,278 | €3,087 | -€17,191 | -84.8% |
| Other operating charges | 640/8 | €2,687 | €2,546 | -€142 | -5.3% |
| Non-recurring operating charges | 66A | €465 | €354 | -€111 | -23.8% |
| Gross operating margin | 9900 | €15,483 | €14,808 | -€675 | -4.4% |
| Operating profit (loss) | 9901 | -€7,947 | €8,822 | +€16,769 | |
| Financial income | 75/76B | €1,759 | €1,725 | -€34 | -2.0% |
| Recurring financial income | 75 | €1,759 | €1,725 | -€34 | -2.0% |
| Financial charges | 65/66B | €4,777 | €4,383 | -€394 | -8.3% |
| Recurring financial charges | 65 | €4,777 | €4,383 | -€394 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,966 | €6,163 | +€17,129 | |
| Income taxes | 67/77 | - | €1,307 | +€1,307 | |
| Profit (loss) for the period | 9904 | -€10,966 | €4,856 | +€15,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,966 | €4,856 | +€15,821 |
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 8 October 2026 via checked.be.