COGESTINTER: 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.
COGESTINTER
Largest movements
- Cash -€148,933
down €148,933 (-74.4%), from €200,284 to €51,352
mainly Contributions, distributions and other (-€401,317) and Trade debts (-€359,387)
- Receivables within one year +€39,608
up €39,608 (+10.4%), from €379,587 to €419,195
of which Other amounts receivable: +€76,336
- Other debts +€653,108
up €653,108 (+290%), from €225,000 to €878,108
- Trade debts -€359,387
down €359,387 (-94.1%), from €381,847 to €22,460
- Debts after one year -€279,568
down €279,568 (-12.6%), from €2.2m to €1.9m
- Profit (loss) carried forward -€200,553
down €200,553 (-62.1%), from €323,144 to €122,591
- Tax, wage and social debts +€44,128
up €44,128 (+94.6%), from €46,648 to €90,776
- Financial income +€60,171
up €60,171 (+43.0%), from €139,829 to €200,000
- Gross operating margin -€48,726
down €48,726 (-25.1%), from €194,163 to €145,437
- Taxes +€25,215
up €25,215 (+128%), from €19,624 to €44,839
- Financial charges -€14,625
down €14,625 (-13.0%), from €112,110 to €97,485
- Other operating charges -€2,129
down €2,129 (-72.2%), from €2,948 to €819
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 | €3,809,043 | €3,677,645 | -€131,397 | -3.4% |
| Formation expenses | 20 | €5,941 | €4,412 | -€1,529 | -25.7% |
| Fixed assets | 21/28 | €3,200,100 | €3,200,100 | = | 0.0% |
| Financial fixed assets | 28 | €3,200,100 | €3,200,100 | = | 0.0% |
| Current assets | 29/58 | €603,002 | €473,133 | -€129,869 | -21.5% |
| Amounts receivable within one year | 40/41 | €379,587 | €419,195 | +€39,608 | +10.4% |
| Trade receivables | 40 | €79,979 | €43,250 | -€36,728 | -45.9% |
| Other amounts receivable | 41 | €299,608 | €375,944 | +€76,336 | +25.5% |
| Cash at bank and in hand | 54/58 | €200,284 | €51,352 | -€148,933 | -74.4% |
| Deferred charges and accrued income | 490/1 | €23,130 | €2,586 | -€20,544 | -88.8% |
| Total equity and liabilities | 10/49 | €3,809,043 | €3,677,645 | -€131,397 | -3.4% |
| Equity | 10/15 | €675,144 | €474,591 | -€200,553 | -29.7% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,144 | €122,591 | -€200,553 | -62.1% |
| Amounts payable | 17/49 | €3,133,899 | €3,203,054 | +€69,155 | +2.2% |
| Amounts payable after more than one year | 17 | €2,211,308 | €1,931,739 | -€279,568 | -12.6% |
| Financial debts | 170/4 | €2,211,308 | €1,931,739 | -€279,568 | -12.6% |
| Amounts payable within one year | 42/48 | €922,188 | €1,270,911 | +€348,724 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €268,692 | €279,568 | +€10,876 | +4.0% |
| Trade debts | 44 | €381,847 | €22,460 | -€359,387 | -94.1% |
| Suppliers | 440/4 | €381,847 | €22,460 | -€359,387 | -94.1% |
| Taxes, remuneration and social security | 45 | €46,648 | €90,776 | +€44,128 | +94.6% |
| Taxes | 450/3 | €46,648 | €90,776 | +€44,128 | +94.6% |
| Other amounts payable | 47/48 | €225,000 | €878,108 | +€653,108 | +290% |
| Accrued charges and deferred income | 492/3 | €404 | €404 | = | 0.0% |
| Non-recurring operating income | 76A | - | €807 | +€807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,501 | €1,529 | +€28 | +1.8% |
| Other operating charges | 640/8 | €2,948 | €819 | -€2,129 | -72.2% |
| Gross operating margin | 9900 | €194,163 | €145,437 | -€48,726 | -25.1% |
| Operating profit (loss) | 9901 | €189,714 | €143,089 | -€46,626 | -24.6% |
| Financial income | 75/76B | €139,829 | €200,000 | +€60,171 | +43.0% |
| Recurring financial income | 75 | €139,829 | €200,000 | +€60,171 | +43.0% |
| Financial charges | 65/66B | €112,110 | €97,485 | -€14,625 | -13.0% |
| Recurring financial charges | 65 | €112,110 | €97,485 | -€14,625 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €217,434 | €245,603 | +€28,170 | +13.0% |
| Income taxes | 67/77 | €19,624 | €44,839 | +€25,215 | +128% |
| Profit (loss) for the period | 9904 | €197,810 | €200,764 | +€2,954 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €197,810 | €200,764 | +€2,954 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.