COGERLEX: 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.
COGERLEX
Largest movements
- Cash +€22,325
up €22,325 (+60.5%), from €36,887 to €59,212
mainly Net result for the year (+€45,742) and Receivables within one year (+€14,644)
- Receivables within one year -€14,644
down €14,644 (-65.6%), from €22,315 to €7,671
of which Other amounts receivable: -€10,878
- Deferred charges and accrued income -€1,223
down €1,223 (-100.0%), from €1,223 to €0
- Other debts +€14,306
up €14,306 (+46.6%), from €30,694 to €45,000
- Tax, wage and social debts -€9,353
down €9,353 (-79.6%), from €11,749 to €2,395
- Profit (loss) carried forward +€742
up €742 (+7.0%), from €10,571 to €11,314
- Gross operating margin +€14,766
up €14,766 (+28.5%), from €51,805 to €66,571
- Depreciation -€7,434
down €7,434 (-92.0%), from €8,084 to €649
- Other operating charges +€4,427
up €4,427 (+3513.7%), from €126 to €4,553
- Taxes +€4,312
up €4,312 (+38.9%), from €11,083 to €15,395
- Financial income -€710
down €710 (-75.2%), from €944 to €234
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 | €61,074 | €66,883 | +€5,809 | +9.5% |
| Fixed assets | 21/28 | €649 | €0 | -€649 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €649 | €0 | -€649 | -100.0% |
| Furniture and vehicles | 24 | €649 | €0 | -€649 | -100.0% |
| Current assets | 29/58 | €60,424 | €66,883 | +€6,458 | +10.7% |
| Amounts receivable within one year | 40/41 | €22,315 | €7,671 | -€14,644 | -65.6% |
| Trade receivables | 40 | €3,766 | €0 | -€3,766 | -100.0% |
| Other amounts receivable | 41 | €18,549 | €7,671 | -€10,878 | -58.6% |
| Cash at bank and in hand | 54/58 | €36,887 | €59,212 | +€22,325 | +60.5% |
| Deferred charges and accrued income | 490/1 | €1,223 | €0 | -€1,223 | -100.0% |
| Total equity and liabilities | 10/49 | €61,074 | €66,883 | +€5,809 | +9.5% |
| Equity | 10/15 | €18,631 | €19,374 | +€742 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,571 | €11,314 | +€742 | +7.0% |
| Amounts payable | 17/49 | €42,442 | €47,509 | +€5,067 | +11.9% |
| Amounts payable within one year | 42/48 | €42,442 | €47,509 | +€5,067 | +11.9% |
| Trade debts | 44 | €0 | €114 | +€114 | |
| Suppliers | 440/4 | €0 | €114 | +€114 | |
| Taxes, remuneration and social security | 45 | €11,749 | €2,395 | -€9,353 | -79.6% |
| Taxes | 450/3 | €11,749 | €2,395 | -€9,353 | -79.6% |
| Other amounts payable | 47/48 | €30,694 | €45,000 | +€14,306 | +46.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,084 | €649 | -€7,434 | -92.0% |
| Other operating charges | 640/8 | €126 | €4,553 | +€4,427 | +3513.7% |
| Gross operating margin | 9900 | €51,805 | €66,571 | +€14,766 | +28.5% |
| Operating profit (loss) | 9901 | €43,595 | €61,368 | +€17,773 | +40.8% |
| Financial income | 75/76B | €944 | €234 | -€710 | -75.2% |
| Recurring financial income | 75 | €944 | €234 | -€710 | -75.2% |
| Financial charges | 65/66B | €421 | €464 | +€43 | +10.3% |
| Recurring financial charges | 65 | €421 | €464 | +€43 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €44,118 | €61,138 | +€17,020 | +38.6% |
| Income taxes | 67/77 | €11,083 | €15,395 | +€4,312 | +38.9% |
| Profit (loss) for the period | 9904 | €33,035 | €45,742 | +€12,708 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,035 | €45,742 | +€12,708 | +38.5% |
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 6 October 2026 via checked.be.