COGEMED: 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.
COGEMED
Largest movements
- Cash +€532,760
up €532,760 (+281.2%), from €189,442 to €722,201
mainly Net result for the year (+€365,007) and Other debts (+€108,371)
- Tangible fixed assets -€82,177
down €82,177 (-55.3%), from €148,519 to €66,342
- Receivables within one year +€17,080
up €17,080 (+44.0%), from €38,799 to €55,879
- Profit (loss) carried forward +€207,510
no longer reported in 2025 (was -€207,510)
- Other debts +€108,371
up €108,371 (+5771.3%), from €1,878 to €110,249
- Tax, wage and social debts +€103,004
new in 2025: €103,004
- Provisions +€50,000
new in 2025: €50,000
- Gross operating margin +€502,760
up €502,760, from -€26,735 to €476,025
- Taxes +€58,310
up €58,310 (+22107.1%), from €264 to €58,574
- Provisions +€50,000
new in 2025: €50,000
- Financial income +€9,262
up €9,262 (+1053.5%), from €879 to €10,141
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 | €376,759 | €844,422 | +€467,663 | +124.1% |
| Fixed assets | 21/28 | €148,519 | €66,342 | -€82,177 | -55.3% |
| Tangible fixed assets | 22/27 | €148,519 | €66,342 | -€82,177 | -55.3% |
| Land and buildings | 22 | €148,519 | €66,342 | -€82,177 | -55.3% |
| Current assets | 29/58 | €228,241 | €778,080 | +€549,840 | +240.9% |
| Amounts receivable within one year | 40/41 | €38,799 | €55,879 | +€17,080 | +44.0% |
| Other amounts receivable | 41 | €38,799 | €55,879 | +€17,080 | +44.0% |
| Cash at bank and in hand | 54/58 | €189,442 | €722,201 | +€532,760 | +281.2% |
| Total equity and liabilities | 10/49 | €376,759 | €844,422 | +€467,663 | +124.1% |
| Equity | 10/15 | €371,578 | €579,088 | +€207,510 | +55.8% |
| Contributions | 10/11 | €526,443 | €526,443 | = | 0.0% |
| Capital | 10 | €526,443 | €526,443 | = | 0.0% |
| Issued capital | 100 | €526,443 | €526,443 | = | 0.0% |
| Reserves | 13 | €52,645 | €52,645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,645 | €52,645 | = | 0.0% |
| Legal reserve | 130 | €52,645 | €52,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,510 | - | +€207,510 | |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Major repairs and maintenance | 162 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €5,181 | €215,334 | +€210,154 | +4056.3% |
| Amounts payable within one year | 42/48 | €5,181 | €215,334 | +€210,154 | +4056.3% |
| Trade debts | 44 | €3,303 | €2,082 | -€1,221 | -37.0% |
| Suppliers | 440/4 | €3,303 | €2,082 | -€1,221 | -37.0% |
| Taxes, remuneration and social security | 45 | - | €103,004 | +€103,004 | |
| Taxes | 450/3 | - | €103,004 | +€103,004 | |
| Other amounts payable | 47/48 | €1,878 | €110,249 | +€108,371 | +5771.3% |
| Non-recurring operating income | 76A | - | €532,823 | +€532,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,494 | - | -€1,494 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €12,634 | €12,432 | -€202 | -1.6% |
| Gross operating margin | 9900 | -€26,735 | €476,025 | +€502,760 | |
| Operating profit (loss) | 9901 | -€40,863 | €413,593 | +€454,456 | |
| Financial income | 75/76B | €879 | €10,141 | +€9,262 | +1053.5% |
| Recurring financial income | 75 | €879 | €10,141 | +€9,262 | +1053.5% |
| Financial charges | 65/66B | €154 | €153 | -€1 | -0.3% |
| Recurring financial charges | 65 | €154 | €153 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,138 | €423,581 | +€463,718 | |
| Income taxes | 67/77 | €264 | €58,574 | +€58,310 | +22107.1% |
| Profit (loss) for the period | 9904 | -€40,401 | €365,007 | +€405,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,401 | €365,007 | +€405,409 |
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 4 October 2026 via checked.be.