COGELIGHT: 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.
COGELIGHT
Largest movements
- Cash +€64,821
up €64,821 (+96.0%), from €67,540 to €132,361
mainly Receivables within one year (+€49,451) and Tax, wage and social debts (+€22,771)
- Receivables within one year -€49,451
down €49,451 (-16.3%), from €303,619 to €254,168
of which Other amounts receivable: -€74,496
- Tangible fixed assets -€8,604
down €8,604 (-39.6%), from €21,739 to €13,135
- Deferred charges and accrued income +€8,348
up €8,348 (+183.1%), from €4,560 to €12,908
- Tax, wage and social debts +€22,771
up €22,771 (+57.8%), from €39,399 to €62,169
of which Remuneration and social security: +€12,071
- Profit (loss) carried forward -€13,023
down €13,023 (-5.6%), from €234,342 to €221,319
- Trade debts +€7,479
up €7,479 (+61.5%), from €12,158 to €19,637
- Debts after one year -€4,826
down €4,826 (-40.2%), from €11,999 to €7,172
- Gross operating margin +€159,903
up €159,903 (+45.0%), from €355,052 to €514,956
- Staff costs +€91,024
up €91,024 (+26.5%), from €344,001 to €435,025
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 | €397,457 | €412,571 | +€15,114 | +3.8% |
| Fixed assets | 21/28 | €21,739 | €13,135 | -€8,604 | -39.6% |
| Tangible fixed assets | 22/27 | €21,739 | €13,135 | -€8,604 | -39.6% |
| Furniture and vehicles | 24 | €21,739 | €13,135 | -€8,604 | -39.6% |
| Current assets | 29/58 | €375,718 | €399,436 | +€23,718 | +6.3% |
| Amounts receivable within one year | 40/41 | €303,619 | €254,168 | -€49,451 | -16.3% |
| Trade receivables | 40 | €163,469 | €188,514 | +€25,045 | +15.3% |
| Other amounts receivable | 41 | €140,150 | €65,654 | -€74,496 | -53.2% |
| Cash at bank and in hand | 54/58 | €67,540 | €132,361 | +€64,821 | +96.0% |
| Deferred charges and accrued income | 490/1 | €4,560 | €12,908 | +€8,348 | +183.1% |
| Total equity and liabilities | 10/49 | €397,457 | €412,571 | +€15,114 | +3.8% |
| Equity | 10/15 | €305,503 | €292,480 | -€13,023 | -4.3% |
| Contributions | 10/11 | €64,958 | €64,958 | = | 0.0% |
| Capital | 10 | €62,033 | €62,033 | = | 0.0% |
| Issued capital | 100 | €62,033 | €62,033 | = | 0.0% |
| Outside capital | 11 | €2,925 | €2,925 | = | 0.0% |
| Share premium | 1100/10 | €2,925 | €2,925 | = | 0.0% |
| Reserves | 13 | €6,203 | €6,203 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,203 | €6,203 | = | 0.0% |
| Legal reserve | 130 | €6,203 | €6,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,342 | €221,319 | -€13,023 | -5.6% |
| Amounts payable | 17/49 | €91,954 | €120,091 | +€28,137 | +30.6% |
| Amounts payable after more than one year | 17 | €11,999 | €7,172 | -€4,826 | -40.2% |
| Financial debts | 170/4 | €11,999 | €7,172 | -€4,826 | -40.2% |
| Amounts payable within one year | 42/48 | €79,955 | €112,919 | +€32,964 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €4,640 | €4,826 | +€187 | +4.0% |
| Financial debts | 43 | €23,087 | €24,087 | +€1,000 | +4.3% |
| Credit institutions | 430/8 | €23,087 | €24,087 | +€1,000 | +4.3% |
| Trade debts | 44 | €12,158 | €19,637 | +€7,479 | +61.5% |
| Suppliers | 440/4 | €12,158 | €19,637 | +€7,479 | +61.5% |
| Taxes, remuneration and social security | 45 | €39,399 | €62,169 | +€22,771 | +57.8% |
| Taxes | 450/3 | €55 | €10,755 | +€10,700 | +19475.6% |
| Remuneration and social security | 454/9 | €39,344 | €51,414 | +€12,071 | +30.7% |
| Other amounts payable | 47/48 | €672 | €2,199 | +€1,527 | +227.2% |
| Remuneration, social security and pensions | 62 | €344,001 | €435,025 | +€91,024 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,872 | €8,604 | -€268 | -3.0% |
| Other operating charges | 640/8 | €567 | €528 | -€39 | -6.9% |
| Non-recurring operating charges | 66A | - | €79,236 | +€79,236 | |
| Gross operating margin | 9900 | €355,052 | €514,956 | +€159,903 | +45.0% |
| Operating profit (loss) | 9901 | €1,612 | -€8,437 | -€10,049 | |
| Financial income | 75/76B | €29 | €17 | -€12 | -41.2% |
| Recurring financial income | 75 | €29 | €17 | -€12 | -41.2% |
| Financial charges | 65/66B | €2,702 | €2,440 | -€261 | -9.7% |
| Recurring financial charges | 65 | €2,702 | €2,440 | -€261 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,060 | -€10,860 | -€9,800 | -924.3% |
| Income taxes | 67/77 | €3,683 | €2,163 | -€1,520 | -41.3% |
| Profit (loss) for the period | 9904 | -€4,743 | -€13,023 | -€8,280 | -174.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,743 | -€13,023 | -€8,280 | -174.6% |
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 3 October 2026 via checked.be.