COGESTIX: 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.
COGESTIX
Largest movements
- Receivables within one year -€21,396
down €21,396 (-52.4%), from €40,868 to €19,472
of which Trade receivables: -€20,949
- Cash +€17,642
new in 2025: €17,642
mainly Other debts (+€27,740) and Receivables within one year (+€21,396)
- Intangible fixed assets -€5,000
down €5,000 (-14.5%), from €34,478 to €29,478
- Other debts +€27,740
up €27,740 (+452.3%), from €6,133 to €33,873
- Trade debts -€26,306
down €26,306 (-91.2%), from €28,859 to €2,553
- Current portion of long-term debt -€9,643
down €9,643 (-16.2%), from €59,643 to €50,000
- Tax, wage and social debts -€8,259
down €8,259 (-72.9%), from €11,323 to €3,064
of which Remuneration and social security: -€8,000
- Profit (loss) carried forward +€8,216
up €8,216 (+20.1%), from -€40,843 to -€32,627
- Gross operating margin +€57,329
up €57,329, from -€37,093 to €20,236
- Depreciation -€2,418
down €2,418 (-29.5%), from €8,183 to €5,765
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 | €77,188 | €67,718 | -€9,470 | -12.3% |
| Fixed assets | 21/28 | €35,243 | €29,478 | -€5,765 | -16.4% |
| Intangible fixed assets | 21 | €34,478 | €29,478 | -€5,000 | -14.5% |
| Tangible fixed assets | 22/27 | €765 | - | -€765 | |
| Furniture and vehicles | 24 | €765 | - | -€765 | |
| Current assets | 29/58 | €41,945 | €38,240 | -€3,705 | -8.8% |
| Amounts receivable within one year | 40/41 | €40,868 | €19,472 | -€21,396 | -52.4% |
| Trade receivables | 40 | €40,290 | €19,341 | -€20,949 | -52.0% |
| Other amounts receivable | 41 | €578 | €131 | -€447 | -77.3% |
| Cash at bank and in hand | 54/58 | - | €17,642 | +€17,642 | |
| Deferred charges and accrued income | 490/1 | €1,077 | €1,126 | +€49 | +4.5% |
| Total equity and liabilities | 10/49 | €77,188 | €67,718 | -€9,470 | -12.3% |
| Equity | 10/15 | -€29,988 | -€21,772 | +€8,216 | +27.4% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,843 | -€32,627 | +€8,216 | +20.1% |
| Amounts payable | 17/49 | €107,176 | €89,490 | -€17,686 | -16.5% |
| Amounts payable within one year | 42/48 | €107,176 | €89,490 | -€17,686 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €59,643 | €50,000 | -€9,643 | -16.2% |
| Financial debts | 43 | €1,218 | - | -€1,218 | |
| Credit institutions | 430/8 | €1,218 | - | -€1,218 | |
| Trade debts | 44 | €28,859 | €2,553 | -€26,306 | -91.2% |
| Suppliers | 440/4 | €28,859 | €2,553 | -€26,306 | -91.2% |
| Taxes, remuneration and social security | 45 | €11,323 | €3,064 | -€8,259 | -72.9% |
| Taxes | 450/3 | €1,323 | €1,064 | -€259 | -19.6% |
| Remuneration and social security | 454/9 | €10,000 | €2,000 | -€8,000 | -80.0% |
| Other amounts payable | 47/48 | €6,133 | €33,873 | +€27,740 | +452.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,183 | €5,765 | -€2,418 | -29.5% |
| Other operating charges | 640/8 | €1,242 | €1,087 | -€155 | -12.5% |
| Gross operating margin | 9900 | -€37,093 | €20,236 | +€57,329 | |
| Operating profit (loss) | 9901 | -€46,518 | €13,384 | +€59,902 | |
| Financial charges | 65/66B | €4,743 | €4,864 | +€121 | +2.6% |
| Recurring financial charges | 65 | €4,743 | €4,864 | +€121 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€51,261 | €8,520 | +€59,781 | |
| Income taxes | 67/77 | €286 | €304 | +€18 | +6.3% |
| Profit (loss) for the period | 9904 | -€51,547 | €8,216 | +€59,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,547 | €8,216 | +€59,763 |
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 10 October 2026 via checked.be.