COGEFIL: 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.
COGEFIL
Largest movements
- Tangible fixed assets -€16,591
down €16,591 (-7.0%), from €238,626 to €222,035
of which Land and buildings: -€14,887
- Cash +€8,690
up €8,690 (+10.1%), from €85,947 to €94,637
mainly Depreciation (+€16,591)
- Profit (loss) carried forward -€6,825
down €6,825 (-2.2%), from €316,587 to €309,762
- Gross operating margin +€4,653
up €4,653 (+40.5%), from €11,495 to €16,148
- Purchases and services -€3,203
down €3,203 (-42.5%), from €7,544 to €4,341
- Other operating charges -€1,767
down €1,767 (-22.7%), from €7,769 to €6,002
- Depreciation +€366
up €366 (+2.3%), from €16,225 to €16,591
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 | €338,085 | €330,335 | -€7,750 | -2.3% |
| Fixed assets | 21/28 | €238,686 | €222,095 | -€16,591 | -7.0% |
| Tangible fixed assets | 22/27 | €238,626 | €222,035 | -€16,591 | -7.0% |
| Land and buildings | 22 | €214,391 | €199,504 | -€14,887 | -6.9% |
| Plant, machinery and equipment | 23 | €24,235 | €22,531 | -€1,704 | -7.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €99,399 | €108,240 | +€8,841 | +8.9% |
| Amounts receivable within one year | 40/41 | €13,452 | €13,603 | +€151 | +1.1% |
| Trade receivables | 40 | €1,087 | €1,238 | +€151 | +13.9% |
| Other amounts receivable | 41 | €12,365 | €12,365 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,947 | €94,637 | +€8,690 | +10.1% |
| Total equity and liabilities | 10/49 | €338,085 | €330,335 | -€7,750 | -2.3% |
| Equity | 10/15 | €336,992 | €330,167 | -€6,825 | -2.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,587 | €309,762 | -€6,825 | -2.2% |
| Amounts payable | 17/49 | €1,093 | €168 | -€925 | -84.6% |
| Amounts payable within one year | 42/48 | €1,093 | €168 | -€925 | -84.6% |
| Trade debts | 44 | €15 | - | -€15 | |
| Suppliers | 440/4 | €15 | - | -€15 | |
| Taxes, remuneration and social security | 45 | €1,078 | €168 | -€910 | -84.4% |
| Taxes | 450/3 | €1,078 | €168 | -€910 | -84.4% |
| Turnover | 70 | €1,488 | €1,488 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,544 | €4,341 | -€3,203 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,225 | €16,591 | +€366 | +2.3% |
| Other operating charges | 640/8 | €7,769 | €6,002 | -€1,767 | -22.7% |
| Gross operating margin | 9900 | €11,495 | €16,148 | +€4,653 | +40.5% |
| Operating profit (loss) | 9901 | -€12,499 | -€6,445 | +€6,054 | +48.4% |
| Financial charges | 65/66B | €300 | €380 | +€80 | +26.7% |
| Recurring financial charges | 65 | €300 | €380 | +€80 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,799 | -€6,825 | +€5,974 | +46.7% |
| Profit (loss) for the period | 9904 | -€12,799 | -€6,825 | +€5,974 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,799 | -€6,825 | +€5,974 | +46.7% |
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 21 October 2026 via checked.be.