COGESASSOC: 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.
COGESASSOC
Largest movements
- Tangible fixed assets -€57,790
down €57,790 (-5.5%), from €1.1m to €1.0m
of which Land and buildings: -€33,460
- Cash +€41,553
up €41,553 (+30.1%), from €138,045 to €179,598
mainly Other debts (+€470,735) and Net result for the year (+€80,573)
- Other debts +€470,735
up €470,735 (+1,846%), from €25,500 to €496,235
- Reserves -€320,000
down €320,000 (-95.5%), from €335,000 to €15,000
of which Distributable reserves: -€320,000
- Profit (loss) carried forward -€179,427
down €179,427 (-68.3%), from €262,528 to €83,101
- Tax, wage and social debts +€78,367
up €78,367 (+200%), from €39,125 to €117,493
of which Taxes: +€81,698
- Debts after one year -€78,026
down €78,026 (-29.1%), from €268,146 to €190,120
- Gross operating margin +€8,439
up €8,439 (+3.3%), from €256,590 to €265,029
- Taxes +€5,261
up €5,261 (+21.9%), from €24,023 to €29,284
- Depreciation +€4,793
up €4,793 (+7.8%), from €61,242 to €66,036
- Staff costs +€3,908
up €3,908 (+7.1%), from €54,992 to €58,900
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 | €1,271,237 | €1,247,070 | -€24,167 | -1.9% |
| Fixed assets | 21/28 | €1,060,012 | €1,002,222 | -€57,790 | -5.5% |
| Tangible fixed assets | 22/27 | €1,060,012 | €1,002,222 | -€57,790 | -5.5% |
| Land and buildings | 22 | €761,635 | €728,176 | -€33,460 | -4.4% |
| Furniture and vehicles | 24 | €12,895 | €5,511 | -€7,384 | -57.3% |
| Leasing and similar rights | 25 | €285,482 | €268,536 | -€16,946 | -5.9% |
| Current assets | 29/58 | €211,225 | €244,848 | +€33,623 | +15.9% |
| Amounts receivable within one year | 40/41 | €69,391 | €60,942 | -€8,449 | -12.2% |
| Trade receivables | 40 | €6,782 | - | -€6,782 | |
| Other amounts receivable | 41 | €62,609 | €60,942 | -€1,667 | -2.7% |
| Cash at bank and in hand | 54/58 | €138,045 | €179,598 | +€41,553 | +30.1% |
| Deferred charges and accrued income | 490/1 | €3,789 | €4,307 | +€519 | +13.7% |
| Total equity and liabilities | 10/49 | €1,271,237 | €1,247,070 | -€24,167 | -1.9% |
| Equity | 10/15 | €617,988 | €118,561 | -€499,427 | -80.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €335,000 | €15,000 | -€320,000 | -95.5% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €320,000 | - | -€320,000 | |
| Profit (loss) carried forward | 14 | €262,528 | €83,101 | -€179,427 | -68.3% |
| Provisions and deferred taxes | 16 | €239,744 | €236,830 | -€2,914 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €239,744 | €236,830 | -€2,914 | -1.2% |
| Other liabilities and charges | 164/5 | €239,744 | €236,830 | -€2,914 | -1.2% |
| Amounts payable | 17/49 | €413,505 | €891,679 | +€478,174 | +116% |
| Amounts payable after more than one year | 17 | €268,146 | €190,120 | -€78,026 | -29.1% |
| Financial debts | 170/4 | €268,146 | €190,120 | -€78,026 | -29.1% |
| Amounts payable within one year | 42/48 | €141,255 | €697,321 | +€556,066 | +394% |
| Current portion of amounts payable after more than one year | 42 | €76,630 | €78,026 | +€1,396 | +1.8% |
| Trade debts | 44 | - | €5,567 | +€5,567 | |
| Suppliers | 440/4 | - | €5,567 | +€5,567 | |
| Taxes, remuneration and social security | 45 | €39,125 | €117,493 | +€78,367 | +200% |
| Taxes | 450/3 | €23,082 | €104,781 | +€81,698 | +354% |
| Remuneration and social security | 454/9 | €16,043 | €12,712 | -€3,331 | -20.8% |
| Other amounts payable | 47/48 | €25,500 | €496,235 | +€470,735 | +1,846% |
| Accrued charges and deferred income | 492/3 | €4,103 | €4,237 | +€134 | +3.3% |
| Remuneration, social security and pensions | 62 | €54,992 | €58,900 | +€3,908 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,242 | €66,036 | +€4,793 | +7.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,793 | -€2,914 | -€121 | -4.3% |
| Other operating charges | 640/8 | €5,899 | €6,217 | +€318 | +5.4% |
| Gross operating margin | 9900 | €256,590 | €265,029 | +€8,439 | +3.3% |
| Operating profit (loss) | 9901 | €137,251 | €136,790 | -€460 | -0.3% |
| Financial income | 75/76B | €857 | - | -€857 | |
| Recurring financial income | 75 | €857 | - | -€857 | |
| Financial charges | 65/66B | €28,348 | €26,933 | -€1,414 | -5.0% |
| Recurring financial charges | 65 | €28,348 | €26,933 | -€1,414 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €109,760 | €109,857 | +€97 | +0.1% |
| Income taxes | 67/77 | €24,023 | €29,284 | +€5,261 | +21.9% |
| Profit (loss) for the period | 9904 | €85,737 | €80,573 | -€5,164 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,737 | €80,573 | -€5,164 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.