COGESTICK: 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.
COGESTICK
Largest movements
- Tangible fixed assets -€32,748
down €32,748 (-5.2%), from €624,236 to €591,488
of which Land and buildings: -€22,222
- Receivables within one year -€11,890
down €11,890 (-2.4%), from €490,099 to €478,209
of which Trade receivables: -€11,491
- Profit (loss) carried forward -€45,548
down €45,548 (-43.4%), from €104,919 to €59,371
- Other debts +€32,772
up €32,772 (+21.5%), from €152,271 to €185,043
- Debts after one year -€25,707
down €25,707 (-4.3%), from €603,171 to €577,464
- Trade debts -€12,530
down €12,530 (-48.4%), from €25,903 to €13,373
- Gross operating margin +€2,804
up €2,804 (+20.5%), from -€13,697 to -€10,893
- Depreciation -€2,463
down €2,463 (-7.0%), from €35,211 to €32,748
- Financial income +€1,929
up €1,929 (+42.4%), from €4,547 to €6,476
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 | €1,158,470 | €1,108,235 | -€50,235 | -4.3% |
| Fixed assets | 21/28 | €639,976 | €607,113 | -€32,863 | -5.1% |
| Tangible fixed assets | 22/27 | €624,236 | €591,488 | -€32,748 | -5.2% |
| Land and buildings | 22 | €563,947 | €541,725 | -€22,222 | -3.9% |
| Plant, machinery and equipment | 23 | €4,135 | €994 | -€3,141 | -76.0% |
| Furniture and vehicles | 24 | €54,476 | €47,752 | -€6,724 | -12.3% |
| Other tangible fixed assets | 26 | €1,678 | €1,017 | -€661 | -39.4% |
| Financial fixed assets | 28 | €15,740 | €15,625 | -€115 | -0.7% |
| Current assets | 29/58 | €518,494 | €501,122 | -€17,372 | -3.4% |
| Stocks and contracts in progress | 3 | €19,560 | €15,825 | -€3,735 | -19.1% |
| Stocks | 30/36 | €19,560 | €15,825 | -€3,735 | -19.1% |
| Amounts receivable within one year | 40/41 | €490,099 | €478,209 | -€11,890 | -2.4% |
| Trade receivables | 40 | €11,491 | - | -€11,491 | |
| Other amounts receivable | 41 | €478,608 | €478,209 | -€399 | -0.1% |
| Cash at bank and in hand | 54/58 | €3,709 | €819 | -€2,890 | -77.9% |
| Deferred charges and accrued income | 490/1 | €5,126 | €6,269 | +€1,143 | +22.3% |
| Total equity and liabilities | 10/49 | €1,158,470 | €1,108,235 | -€50,235 | -4.3% |
| Equity | 10/15 | €350,579 | €305,031 | -€45,548 | -13.0% |
| Contributions | 10/11 | €245,660 | €245,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,919 | €59,371 | -€45,548 | -43.4% |
| Amounts payable | 17/49 | €807,891 | €803,204 | -€4,687 | -0.6% |
| Amounts payable after more than one year | 17 | €603,171 | €577,464 | -€25,707 | -4.3% |
| Financial debts | 170/4 | €603,171 | €577,464 | -€25,707 | -4.3% |
| Amounts payable within one year | 42/48 | €204,720 | €225,740 | +€21,020 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €25,326 | €25,707 | +€381 | +1.5% |
| Trade debts | 44 | €25,903 | €13,373 | -€12,530 | -48.4% |
| Suppliers | 440/4 | €25,903 | €13,373 | -€12,530 | -48.4% |
| Taxes, remuneration and social security | 45 | €1,220 | €1,617 | +€397 | +32.5% |
| Taxes | 450/3 | €1,220 | €1,617 | +€397 | +32.5% |
| Other amounts payable | 47/48 | €152,271 | €185,043 | +€32,772 | +21.5% |
| Non-recurring operating income | 76A | - | €2,669 | +€2,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,211 | €32,748 | -€2,463 | -7.0% |
| Other operating charges | 640/8 | €4,275 | €4,341 | +€66 | +1.5% |
| Non-recurring operating charges | 66A | €5,662 | - | -€5,662 | |
| Gross operating margin | 9900 | -€13,697 | -€10,893 | +€2,804 | +20.5% |
| Operating profit (loss) | 9901 | -€58,845 | -€47,982 | +€10,863 | +18.5% |
| Financial income | 75/76B | €4,547 | €6,476 | +€1,929 | +42.4% |
| Recurring financial income | 75 | €4,547 | €6,476 | +€1,929 | +42.4% |
| Financial charges | 65/66B | €4,033 | €4,042 | +€9 | +0.2% |
| Recurring financial charges | 65 | €4,033 | €4,042 | +€9 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,331 | -€45,548 | +€12,783 | +21.9% |
| Profit (loss) for the period | 9904 | -€58,331 | -€45,548 | +€12,783 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,331 | -€45,548 | +€12,783 | +21.9% |
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 7 October 2026 via checked.be.