COGET VINCENT: 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.
COGET VINCENT
Largest movements
- Current investments +€39,024
up €39,024 (+67.3%), from €58,000 to €97,024
- Receivables within one year -€30,937
down €30,937 (-26.9%), from €115,165 to €84,228
of which Other amounts receivable: -€37,711
- Tangible fixed assets -€8,598
down €8,598 (-74.7%), from €11,511 to €2,913
- Cash -€6,660
down €6,660 (-8.6%), from €77,085 to €70,425
mainly Contributions, distributions and other (-€79,000) and Current investments (-€39,024)
- Reserves -€24,782
down €24,782 (-14.7%), from €168,758 to €143,976
- Tax, wage and social debts +€14,451
up €14,451 (+259%), from €5,569 to €20,019
- Trade debts +€2,905
up €2,905 (+71.1%), from €4,086 to €6,991
- Gross operating margin +€18,461
up €18,461 (+29.0%), from €63,684 to €82,145
- Taxes +€8,325
up €8,325 (+63.3%), from €13,148 to €21,473
- Financial charges +€2,545
up €2,545, from -€1,415 to €1,130
- Depreciation -€1,789
down €1,789 (-17.2%), from €10,387 to €8,598
- Other operating charges +€1,077
up €1,077 (+79.2%), from €1,360 to €2,437
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 | €268,813 | €262,386 | -€6,427 | -2.4% |
| Fixed assets | 21/28 | €11,511 | €2,913 | -€8,598 | -74.7% |
| Tangible fixed assets | 22/27 | €11,511 | €2,913 | -€8,598 | -74.7% |
| Furniture and vehicles | 24 | €11,511 | €2,913 | -€8,598 | -74.7% |
| Current assets | 29/58 | €257,302 | €259,473 | +€2,171 | +0.8% |
| Amounts receivable within one year | 40/41 | €115,165 | €84,228 | -€30,937 | -26.9% |
| Trade receivables | 40 | €30,807 | €37,581 | +€6,775 | +22.0% |
| Other amounts receivable | 41 | €84,358 | €46,647 | -€37,711 | -44.7% |
| Current investments | 50/53 | €58,000 | €97,024 | +€39,024 | +67.3% |
| Cash at bank and in hand | 54/58 | €77,085 | €70,425 | -€6,660 | -8.6% |
| Deferred charges and accrued income | 490/1 | €7,053 | €7,797 | +€743 | +10.5% |
| Total equity and liabilities | 10/49 | €268,813 | €262,386 | -€6,427 | -2.4% |
| Equity | 10/15 | €181,158 | €156,376 | -€24,782 | -13.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €168,758 | €143,976 | -€24,782 | -14.7% |
| Distributable reserves | 133 | €168,758 | €143,976 | -€24,782 | -14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,655 | €106,010 | +€18,355 | +20.9% |
| Amounts payable within one year | 42/48 | €87,655 | €106,010 | +€18,355 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,086 | €6,991 | +€2,905 | +71.1% |
| Suppliers | 440/4 | €4,086 | €6,991 | +€2,905 | +71.1% |
| Taxes, remuneration and social security | 45 | €5,569 | €20,019 | +€14,451 | +259% |
| Taxes | 450/3 | €5,569 | €20,019 | +€14,451 | +259% |
| Other amounts payable | 47/48 | €78,000 | €79,000 | +€1,000 | +1.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,387 | €8,598 | -€1,789 | -17.2% |
| Other operating charges | 640/8 | €1,360 | €2,437 | +€1,077 | +79.2% |
| Gross operating margin | 9900 | €63,684 | €82,145 | +€18,461 | +29.0% |
| Operating profit (loss) | 9901 | €51,937 | €71,110 | +€19,173 | +36.9% |
| Financial income | 75/76B | €5,820 | €5,711 | -€109 | -1.9% |
| Recurring financial income | 75 | €5,820 | €5,711 | -€109 | -1.9% |
| Financial charges | 65/66B | -€1,415 | €1,130 | +€2,545 | |
| Recurring financial charges | 65 | -€1,415 | €1,130 | +€2,545 | |
| Profit (loss) for the period before taxes | 9903 | €59,171 | €75,691 | +€16,520 | +27.9% |
| Income taxes | 67/77 | €13,148 | €21,473 | +€8,325 | +63.3% |
| Profit (loss) for the period | 9904 | €46,023 | €54,218 | +€8,195 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,023 | €54,218 | +€8,195 | +17.8% |
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 15 October 2026 via checked.be.