COGESMA: 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.
COGESMA
Largest movements
- Receivables within one year -€14,851
down €14,851 (-2.9%), from €509,750 to €494,899
- Cash +€11,668
up €11,668 (+1334.3%), from €874 to €12,543
mainly Receivables within one year (+€14,851)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€3,334
down €3,334 (-97.2%), from €3,430 to €96
- Other operating charges -€879
down €879 (-81.5%), from €1,079 to €200
- Financial income -€443
down €443 (-5.4%), from €8,133 to €7,690
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 | €510,624 | €507,441 | -€3,183 | -0.6% |
| Current assets | 29/58 | €510,624 | €507,441 | -€3,183 | -0.6% |
| Amounts receivable within one year | 40/41 | €509,750 | €494,899 | -€14,851 | -2.9% |
| Other amounts receivable | 41 | €509,750 | €494,899 | -€14,851 | -2.9% |
| Cash at bank and in hand | 54/58 | €874 | €12,543 | +€11,668 | +1334.3% |
| Total equity and liabilities | 10/49 | €510,624 | €507,441 | -€3,183 | -0.6% |
| Equity | 10/15 | €510,624 | €507,441 | -€3,183 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | - | -€18,750 | |
| Distributable reserves | 133 | - | €18,750 | +€18,750 | |
| Profit (loss) carried forward | 14 | €483,814 | €480,631 | -€3,183 | -0.7% |
| Other operating charges | 640/8 | €1,079 | €200 | -€879 | -81.5% |
| Gross operating margin | 9900 | -€10,636 | -€10,577 | +€59 | +0.6% |
| Operating profit (loss) | 9901 | -€11,716 | -€10,777 | +€939 | +8.0% |
| Financial income | 75/76B | €8,133 | €7,690 | -€443 | -5.4% |
| Recurring financial income | 75 | €8,133 | €7,690 | -€443 | -5.4% |
| Financial charges | 65/66B | €3,430 | €96 | -€3,334 | -97.2% |
| Recurring financial charges | 65 | €3,430 | €96 | -€3,334 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,013 | -€3,183 | +€3,830 | +54.6% |
| Profit (loss) for the period | 9904 | -€7,013 | -€3,183 | +€3,830 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,013 | -€3,183 | +€3,830 | +54.6% |
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 5 October 2026 via checked.be.