COGETECH: 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.
COGETECH
Largest movements
- Stocks and contracts -€34,400
down €34,400 (-59.7%), from €57,657 to €23,257
of which Contracts in progress: -€34,512
- Tangible fixed assets +€14,955
up €14,955 (+3.4%), from €439,377 to €454,332
of which Furniture and vehicles: +€27,771
- Receivables within one year +€13,098
up €13,098 (+32.4%), from €40,368 to €53,467
of which Trade receivables: +€14,077
- Cash +€10,582
up €10,582 (+7.1%), from €149,135 to €159,717
mainly Depreciation (+€69,141) and Stocks and contracts (+€34,400)
- Debts after one year +€13,364
up €13,364 (+5.8%), from €228,618 to €241,982
- Trade debts -€8,557
down €8,557 (-13.1%), from €65,424 to €56,868
- Gross operating margin +€24,651
up €24,651 (+9.6%), from €256,957 to €281,608
- Staff costs +€14,280
up €14,280 (+8.1%), from €175,800 to €190,080
- Depreciation +€12,169
up €12,169 (+21.4%), from €56,972 to €69,141
- Financial charges +€6,278
up €6,278 (+184.2%), from €3,408 to €9,686
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 | €691,111 | €690,863 | -€248 | 0.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €439,377 | €454,332 | +€14,955 | +3.4% |
| Tangible fixed assets | 22/27 | €439,377 | €454,332 | +€14,955 | +3.4% |
| Land and buildings | 22 | €284,511 | €275,698 | -€8,813 | -3.1% |
| Plant, machinery and equipment | 23 | €37,806 | €33,803 | -€4,003 | -10.6% |
| Furniture and vehicles | 24 | €117,059 | €144,831 | +€27,771 | +23.7% |
| Current assets | 29/58 | €251,734 | €236,531 | -€15,203 | -6.0% |
| Stocks and contracts in progress | 3 | €57,657 | €23,257 | -€34,400 | -59.7% |
| Stocks | 30/36 | €23,145 | €23,257 | +€112 | +0.5% |
| Contracts in progress | 37 | €34,512 | €0 | -€34,512 | -100.0% |
| Amounts receivable within one year | 40/41 | €40,368 | €53,467 | +€13,098 | +32.4% |
| Trade receivables | 40 | €36,373 | €50,450 | +€14,077 | +38.7% |
| Other amounts receivable | 41 | €3,996 | €3,017 | -€979 | -24.5% |
| Cash at bank and in hand | 54/58 | €149,135 | €159,717 | +€10,582 | +7.1% |
| Deferred charges and accrued income | 490/1 | €4,573 | €90 | -€4,483 | -98.0% |
| Total equity and liabilities | 10/49 | €691,111 | €690,863 | -€248 | 0.0% |
| Equity | 10/15 | €223,874 | €230,572 | +€6,698 | +3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €143,895 | €150,593 | +€6,698 | +4.7% |
| Tax-exempt reserves | 132 | €13,705 | €13,705 | = | 0.0% |
| Distributable reserves | 133 | €130,190 | €136,888 | +€6,698 | +5.1% |
| Profit (loss) carried forward | 14 | €61,387 | €61,387 | = | 0.0% |
| Amounts payable | 17/49 | €467,237 | €460,291 | -€6,946 | -1.5% |
| Amounts payable after more than one year | 17 | €228,618 | €241,982 | +€13,364 | +5.8% |
| Financial debts | 170/4 | €228,618 | €241,982 | +€13,364 | +5.8% |
| Amounts payable within one year | 42/48 | €238,619 | €218,309 | -€20,310 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €36,110 | €41,370 | +€5,260 | +14.6% |
| Trade debts | 44 | €65,424 | €56,868 | -€8,557 | -13.1% |
| Suppliers | 440/4 | €65,424 | €56,868 | -€8,557 | -13.1% |
| Advances received on contracts in progress | 46 | €6,373 | €136 | -€6,237 | -97.9% |
| Taxes, remuneration and social security | 45 | €31,556 | €26,032 | -€5,524 | -17.5% |
| Taxes | 450/3 | €1,412 | €0 | -€1,412 | -100.0% |
| Remuneration and social security | 454/9 | €30,144 | €26,032 | -€4,112 | -13.6% |
| Other amounts payable | 47/48 | €99,156 | €93,904 | -€5,253 | -5.3% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €175,800 | €190,080 | +€14,280 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,972 | €69,141 | +€12,169 | +21.4% |
| Other operating charges | 640/8 | €3,466 | €4,073 | +€607 | +17.5% |
| Gross operating margin | 9900 | €256,957 | €281,608 | +€24,651 | +9.6% |
| Operating profit (loss) | 9901 | €20,718 | €18,314 | -€2,405 | -11.6% |
| Financial income | 75/76B | €40 | €100 | +€60 | +152.0% |
| Recurring financial income | 75 | €40 | €100 | +€60 | +152.0% |
| Financial charges | 65/66B | €3,408 | €9,686 | +€6,278 | +184.2% |
| Recurring financial charges | 65 | €3,408 | €9,686 | +€6,278 | +184.2% |
| Profit (loss) for the period before taxes | 9903 | €17,350 | €8,728 | -€8,622 | -49.7% |
| Income taxes | 67/77 | €2,490 | €2,030 | -€461 | -18.5% |
| Profit (loss) for the period | 9904 | €14,860 | €6,698 | -€8,162 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,860 | €6,698 | -€8,162 | -54.9% |
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 4 October 2026 via checked.be.