COGEN SERVICE: 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.
COGEN SERVICE
Largest movements
- Receivables within one year -€72,537
down €72,537 (-45.3%), from €160,143 to €87,606
of which Trade receivables: -€83,089
- Deferred charges and accrued income -€2,293
no longer reported in 2025 (was €2,293)
- Tax, wage and social debts -€25,326
no longer reported in 2025 (was €25,326)
of which Taxes: -€14,942
- Provisions -€24,500
no longer reported in 2025 (was €24,500)
- Trade debts -€21,899
down €21,899 (-33.0%), from €66,388 to €44,489
- Profit (loss) carried forward -€4,709
down €4,709 (-17.6%), from €26,795 to €22,086
- Turnover -€172,985
down €172,985 (-71.8%), from €241,066 to €68,081
- Staff costs -€100,225
down €100,225 (-57.8%), from €173,250 to €73,025
- Other operating charges +€73,613
up €73,613 (+11,852%), from €621 to €74,234
- Gross operating margin -€59,025
down €59,025 (-29.3%), from €201,544 to €142,519
- Purchases and services -€23,235
down €23,235 (-45.5%), from €51,029 to €27,794
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 | €175,443 | €99,009 | -€76,434 | -43.6% |
| Current assets | 29/58 | €175,443 | €99,009 | -€76,434 | -43.6% |
| Amounts receivable within one year | 40/41 | €160,143 | €87,606 | -€72,537 | -45.3% |
| Trade receivables | 40 | €158,185 | €75,097 | -€83,089 | -52.5% |
| Other amounts receivable | 41 | €1,957 | €12,510 | +€10,552 | +539% |
| Cash at bank and in hand | 54/58 | €13,007 | €11,402 | -€1,604 | -12.3% |
| Deferred charges and accrued income | 490/1 | €2,293 | - | -€2,293 | |
| Total equity and liabilities | 10/49 | €175,443 | €99,009 | -€76,434 | -43.6% |
| Equity | 10/15 | €59,229 | €54,520 | -€4,709 | -8.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,434 | €2,434 | = | 0.0% |
| Distributable reserves | 133 | €2,434 | €2,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,795 | €22,086 | -€4,709 | -17.6% |
| Provisions and deferred taxes | 16 | €24,500 | - | -€24,500 | |
| Provisions for liabilities and charges | 160/5 | €24,500 | - | -€24,500 | |
| Other liabilities and charges | 164/5 | €24,500 | - | -€24,500 | |
| Amounts payable | 17/49 | €91,714 | €44,489 | -€47,225 | -51.5% |
| Amounts payable within one year | 42/48 | €91,714 | €44,489 | -€47,225 | -51.5% |
| Trade debts | 44 | €66,388 | €44,489 | -€21,899 | -33.0% |
| Suppliers | 440/4 | €66,388 | €44,489 | -€21,899 | -33.0% |
| Taxes, remuneration and social security | 45 | €25,326 | - | -€25,326 | |
| Taxes | 450/3 | €14,942 | - | -€14,942 | |
| Remuneration and social security | 454/9 | €10,384 | - | -€10,384 | |
| Turnover | 70 | €241,066 | €68,081 | -€172,985 | -71.8% |
| Non-recurring operating income | 76A | - | €24,628 | +€24,628 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,029 | €27,794 | -€23,235 | -45.5% |
| Remuneration, social security and pensions | 62 | €173,250 | €73,025 | -€100,225 | -57.8% |
| Other operating charges | 640/8 | €621 | €74,234 | +€73,613 | +11,852% |
| Non-recurring operating charges | 66A | €24,595 | €145 | -€24,450 | -99.4% |
| Gross operating margin | 9900 | €201,544 | €142,519 | -€59,025 | -29.3% |
| Operating profit (loss) | 9901 | €3,079 | -€4,885 | -€7,964 | |
| Financial income | 75/76B | €93 | - | -€93 | |
| Recurring financial income | 75 | €93 | - | -€93 | |
| Financial charges | 65/66B | €284 | €470 | +€186 | +65.5% |
| Recurring financial charges | 65 | €284 | €470 | +€186 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €2,888 | -€5,354 | -€8,242 | |
| Income taxes | 67/77 | €645 | -€645 | -€1,291 | |
| Profit (loss) for the period | 9904 | €2,243 | -€4,709 | -€6,952 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,243 | -€4,709 | -€6,952 |
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 22 October 2026 via checked.be.