Cogerim: 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.
Cogerim
Largest movements
- Financial fixed assets -€115,000
down €115,000 (-100%), from €115,000 to €0
- Current investments +€60,000
new in 2025: €60,000
- Receivables within one year +€40,267
up €40,267 (+110%), from €36,660 to €76,927
- Other debts -€13,301
down €13,301 (-5.2%), from €255,850 to €242,549
- Financial charges +€3,384
up €3,384 (+42.6%), from €7,949 to €11,333
of which Non-recurring financial charges: +€4,103
- Gross operating margin +€3,000
up €3,000 (+14.1%), from €21,227 to €24,227
- Depreciation -€1,192
down €1,192 (-59.9%), from €1,991 to €799
- Financial income +€722
new in 2025: €722
of which Financial income: +€722
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 | €752,727 | €744,481 | -€8,246 | -1.1% |
| Fixed assets | 21/28 | €476,629 | €360,830 | -€115,799 | -24.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €361,629 | €360,830 | -€799 | -0.2% |
| Land and buildings | 22 | €361,629 | €360,830 | -€799 | -0.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €115,000 | €0 | -€115,000 | -100% |
| Current assets | 29/58 | €276,098 | €383,651 | +€107,553 | +39.0% |
| Stocks and contracts in progress | 3 | €222,500 | €229,500 | +€7,000 | +3.1% |
| Contracts in progress | 37 | €222,500 | €229,500 | +€7,000 | +3.1% |
| Amounts receivable within one year | 40/41 | €36,660 | €76,927 | +€40,267 | +110% |
| Other amounts receivable | 41 | €36,660 | €76,927 | +€40,267 | +110% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €16,251 | €16,421 | +€170 | +1.0% |
| Deferred charges and accrued income | 490/1 | €687 | €803 | +€116 | +16.9% |
| Total equity and liabilities | 10/49 | €752,727 | €744,481 | -€8,246 | -1.1% |
| Equity | 10/15 | €358,258 | €363,650 | +€5,392 | +1.5% |
| Contributions | 10/11 | €419,734 | €419,734 | = | 0.0% |
| Capital | 10 | €419,734 | €419,734 | = | 0.0% |
| Issued capital | 100 | €419,734 | €419,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,476 | -€56,084 | +€5,392 | +8.8% |
| Amounts payable | 17/49 | €394,469 | €380,831 | -€13,638 | -3.5% |
| Amounts payable within one year | 42/48 | €394,450 | €380,831 | -€13,619 | -3.5% |
| Financial debts | 43 | €110,000 | €110,000 | = | 0.0% |
| Credit institutions | 430/8 | €110,000 | €110,000 | = | 0.0% |
| Trade debts | 44 | €1,375 | €361 | -€1,014 | -73.7% |
| Suppliers | 440/4 | €1,375 | €361 | -€1,014 | -73.7% |
| Advances received on contracts in progress | 46 | €27,134 | €27,134 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €91 | €787 | +€696 | +765% |
| Taxes | 450/3 | €91 | €787 | +€696 | +765% |
| Other amounts payable | 47/48 | €255,850 | €242,549 | -€13,301 | -5.2% |
| Accrued charges and deferred income | 492/3 | €19 | €0 | -€19 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,991 | €799 | -€1,192 | -59.9% |
| Other operating charges | 640/8 | €6,726 | €6,526 | -€200 | -3.0% |
| Gross operating margin | 9900 | €21,227 | €24,227 | +€3,000 | +14.1% |
| Operating profit (loss) | 9901 | €12,510 | €16,902 | +€4,392 | +35.1% |
| Financial income | 75/76B | - | €722 | +€722 | |
| Recurring financial income | 75 | - | €722 | +€722 | |
| Non-recurring financial income | 76B | - | €722 | +€722 | |
| Financial charges | 65/66B | €7,949 | €11,333 | +€3,384 | +42.6% |
| Recurring financial charges | 65 | €7,885 | €7,166 | -€719 | -9.1% |
| Non-recurring financial charges | 66B | €64 | €4,167 | +€4,103 | +6,411% |
| Profit (loss) for the period before taxes | 9903 | €4,561 | €6,291 | +€1,730 | +37.9% |
| Income taxes | 67/77 | €664 | €899 | +€235 | +35.4% |
| Profit (loss) for the period | 9904 | €3,897 | €5,392 | +€1,495 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,897 | €5,392 | +€1,495 | +38.4% |
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 23 October 2026 via checked.be.