COGESYN: 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.
COGESYN
Largest movements
- Cash -€110,083
down €110,083 (-86.7%), from €127,011 to €16,928
mainly Other debts (-€83,939) and Net result for the year (-€26,736)
- Receivables within one year -€17,053
down €17,053 (-50.0%), from €34,077 to €17,024
of which Trade receivables: -€17,053
- Tangible fixed assets -€2,010
down €2,010 (-21.8%), from €9,227 to €7,217
of which Furniture and vehicles: -€1,055
- Other debts -€83,939
down €83,939 (-99.9%), from €84,009 to €70
- Profit (loss) carried forward -€26,736
down €26,736 (-56.0%), from €47,725 to €20,989
- Tax, wage and social debts -€20,517
down €20,517 (-76.3%), from €26,880 to €6,363
of which Taxes: -€20,966
- Trade debts +€2,093
up €2,093 (+134.4%), from €1,557 to €3,650
- Gross operating margin -€132,323
down €132,323, from €111,953 to -€20,370
- Financial charges -€48,430
down €48,430 (-97.1%), from €49,892 to €1,462
- Taxes -€13,848
down €13,848 (-97.1%), from €14,260 to €412
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 | €172,171 | €43,072 | -€129,099 | -75.0% |
| Fixed assets | 21/28 | €9,227 | €7,217 | -€2,010 | -21.8% |
| Tangible fixed assets | 22/27 | €9,227 | €7,217 | -€2,010 | -21.8% |
| Furniture and vehicles | 24 | €2,792 | €1,737 | -€1,055 | -37.8% |
| Other tangible fixed assets | 26 | €6,435 | €5,480 | -€955 | -14.8% |
| Current assets | 29/58 | €162,944 | €35,855 | -€127,089 | -78.0% |
| Amounts receivable within one year | 40/41 | €34,077 | €17,024 | -€17,053 | -50.0% |
| Trade receivables | 40 | €26,338 | €9,285 | -€17,053 | -64.7% |
| Other amounts receivable | 41 | €7,739 | €7,739 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,011 | €16,928 | -€110,083 | -86.7% |
| Deferred charges and accrued income | 490/1 | €1,856 | €1,903 | +€47 | +2.5% |
| Total equity and liabilities | 10/49 | €172,171 | €43,072 | -€129,099 | -75.0% |
| Equity | 10/15 | €59,725 | €32,989 | -€26,736 | -44.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,725 | €20,989 | -€26,736 | -56.0% |
| Amounts payable | 17/49 | €112,446 | €10,083 | -€102,363 | -91.0% |
| Amounts payable within one year | 42/48 | €112,446 | €10,083 | -€102,363 | -91.0% |
| Trade debts | 44 | €1,557 | €3,650 | +€2,093 | +134.4% |
| Suppliers | 440/4 | €1,557 | €3,650 | +€2,093 | +134.4% |
| Taxes, remuneration and social security | 45 | €26,880 | €6,363 | -€20,517 | -76.3% |
| Taxes | 450/3 | €26,595 | €5,629 | -€20,966 | -78.8% |
| Remuneration and social security | 454/9 | €285 | €734 | +€449 | +157.5% |
| Other amounts payable | 47/48 | €84,009 | €70 | -€83,939 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,900 | €2,010 | +€110 | +5.8% |
| Other operating charges | 640/8 | €2,194 | €2,481 | +€287 | +13.1% |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | €111,953 | -€20,370 | -€132,323 | |
| Operating profit (loss) | 9901 | €107,859 | -€24,866 | -€132,725 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €49,892 | €1,462 | -€48,430 | -97.1% |
| Recurring financial charges | 65 | €49,892 | €1,462 | -€48,430 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €57,967 | -€26,324 | -€84,291 | |
| Income taxes | 67/77 | €14,260 | €412 | -€13,848 | -97.1% |
| Profit (loss) for the period | 9904 | €43,707 | -€26,736 | -€70,443 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,707 | -€26,736 | -€70,443 |
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 6 October 2026 via checked.be.