COGES: 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.
COGES
Largest movements
- Receivables within one year -€8,743
down €8,743 (-92.9%), from €9,412 to €669
of which Trade receivables: -€8,793
- Cash -€1,378
down €1,378 (-48.5%), from €2,842 to €1,463
mainly Tax, wage and social debts (-€8,622) and Other debts (-€5,237)
- Tangible fixed assets -€202
down €202 (-45.6%), from €443 to €241
of which Other tangible fixed assets: -€202
- Tax, wage and social debts -€8,622
down €8,622 (-83.1%), from €10,371 to €1,749
of which Remuneration and social security: -€10,231
- Other debts -€5,237
down €5,237 (-26.1%), from €20,059 to €14,822
- Profit (loss) carried forward +€4,872
up €4,872 (+13.2%), from -€37,029 to -€32,157
- Trade debts -€1,336
down €1,336 (-30.4%), from €4,394 to €3,057
- Gross operating margin +€24,409
up €24,409, from -€5,015 to €19,394
- Financial charges +€14,085
up €14,085 (+12420.9%), from €113 to €14,199
- Other operating charges -€474
down €474 (-71.4%), from €664 to €190
- Financial income +€245
up €245 (+1223000.0%), from €0 to €245
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 | €13,441 | €3,118 | -€10,323 | -76.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,187 | €985 | -€202 | -17.0% |
| Tangible fixed assets | 22/27 | €443 | €241 | -€202 | -45.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €443 | €241 | -€202 | -45.6% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €12,254 | €2,133 | -€10,121 | -82.6% |
| Amounts receivable within one year | 40/41 | €9,412 | €669 | -€8,743 | -92.9% |
| Trade receivables | 40 | €9,156 | €363 | -€8,793 | -96.0% |
| Other amounts receivable | 41 | €256 | €306 | +€50 | +19.6% |
| Cash at bank and in hand | 54/58 | €2,842 | €1,463 | -€1,378 | -48.5% |
| Total equity and liabilities | 10/49 | €13,441 | €3,118 | -€10,323 | -76.8% |
| Equity | 10/15 | -€21,382 | -€16,510 | +€4,872 | +22.8% |
| Contributions | 10/11 | €15,647 | €15,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,029 | -€32,157 | +€4,872 | +13.2% |
| Amounts payable | 17/49 | €34,823 | €19,628 | -€15,195 | -43.6% |
| Amounts payable within one year | 42/48 | €34,823 | €19,628 | -€15,195 | -43.6% |
| Trade debts | 44 | €4,394 | €3,057 | -€1,336 | -30.4% |
| Suppliers | 440/4 | €4,394 | €3,057 | -€1,336 | -30.4% |
| Taxes, remuneration and social security | 45 | €10,371 | €1,749 | -€8,622 | -83.1% |
| Taxes | 450/3 | €140 | €1,749 | +€1,609 | +1153.4% |
| Remuneration and social security | 454/9 | €10,231 | - | -€10,231 | |
| Other amounts payable | 47/48 | €20,059 | €14,822 | -€5,237 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €202 | = | 0.0% |
| Other operating charges | 640/8 | €664 | €190 | -€474 | -71.4% |
| Gross operating margin | 9900 | -€5,015 | €19,394 | +€24,409 | |
| Operating profit (loss) | 9901 | -€5,880 | €19,002 | +€24,883 | |
| Financial income | 75/76B | €0 | €245 | +€245 | +1223000.0% |
| Recurring financial income | 75 | €0 | €245 | +€245 | +1223000.0% |
| Financial charges | 65/66B | €113 | €14,199 | +€14,085 | +12420.9% |
| Recurring financial charges | 65 | €113 | €14,199 | +€14,085 | +12420.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,994 | €5,048 | +€11,042 | |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€6,133 | €4,872 | +€11,005 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,133 | €4,872 | +€11,005 |
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 28 September 2026 via checked.be.