COGESTRIE: 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.
COGESTRIE
Largest movements
- Cash -€14,617
down €14,617 (-58.2%), from €25,128 to €10,511
mainly Debts after one year (-€99,890) and Tax, wage and social debts (-€26,026)
- Debts after one year -€99,890
down €99,890 (-20.5%), from €487,782 to €387,892
- Other debts +€65,637
up €65,637 (+12.0%), from €547,084 to €612,721
- Profit (loss) carried forward +€43,735
up €43,735 (+29.4%), from €148,507 to €192,243
- Tax, wage and social debts -€26,026
down €26,026 (-74.9%), from €34,749 to €8,722
- Financial charges -€1,370
down €1,370 (-11.9%), from €11,477 to €10,106
- Other operating charges +€998
new in 2025: €998
- Gross operating margin +€820
up €820 (+1.2%), from €69,469 to €70,288
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 | €1,426,144 | €1,411,042 | -€15,102 | -1.1% |
| Formation expenses | 20 | €1,016 | €530 | -€486 | -47.8% |
| Fixed assets | 21/28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Current assets | 29/58 | €25,128 | €10,511 | -€14,617 | -58.2% |
| Cash at bank and in hand | 54/58 | €25,128 | €10,511 | -€14,617 | -58.2% |
| Total equity and liabilities | 10/49 | €1,426,144 | €1,411,042 | -€15,102 | -1.1% |
| Equity | 10/15 | €256,422 | €300,157 | +€43,735 | +17.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €95,414 | €95,414 | = | 0.0% |
| Distributable reserves | 133 | €95,414 | €95,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,507 | €192,243 | +€43,735 | +29.4% |
| Amounts payable | 17/49 | €1,169,722 | €1,110,885 | -€58,838 | -5.0% |
| Amounts payable after more than one year | 17 | €487,782 | €387,892 | -€99,890 | -20.5% |
| Financial debts | 170/4 | €487,782 | €387,892 | -€99,890 | -20.5% |
| Amounts payable within one year | 42/48 | €680,315 | €721,452 | +€41,137 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €98,483 | €99,890 | +€1,407 | +1.4% |
| Trade debts | 44 | - | €120 | +€120 | |
| Suppliers | 440/4 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €34,749 | €8,722 | -€26,026 | -74.9% |
| Taxes | 450/3 | €34,749 | €8,722 | -€26,026 | -74.9% |
| Other amounts payable | 47/48 | €547,084 | €612,721 | +€65,637 | +12.0% |
| Accrued charges and deferred income | 492/3 | €1,625 | €1,540 | -€85 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €486 | = | 0.0% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | €69,469 | €70,288 | +€820 | +1.2% |
| Operating profit (loss) | 9901 | €68,983 | €68,804 | -€179 | -0.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,477 | €10,106 | -€1,370 | -11.9% |
| Recurring financial charges | 65 | €11,477 | €10,106 | -€1,370 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €57,506 | €58,698 | +€1,191 | +2.1% |
| Income taxes | 67/77 | €14,561 | €14,963 | +€402 | +2.8% |
| Profit (loss) for the period | 9904 | €42,946 | €43,735 | +€790 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,946 | €43,735 | +€790 | +1.8% |
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.