COGETRA: 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.
COGETRA
Largest movements
- Cash +€49,941
up €49,941 (+408.8%), from €12,218 to €62,158
mainly Other debts (+€76,002) and Depreciation (+€20,361)
- Tangible fixed assets -€19,536
down €19,536 (-6.2%), from €314,574 to €295,038
of which Land and buildings: -€17,824
- Stocks and contracts -€7,722
down €7,722 (-9.6%), from €80,478 to €72,756
- Receivables within one year -€5,095
down €5,095 (-90.2%), from €5,651 to €556
of which Trade receivables: -€5,638
- Other debts +€76,002
up €76,002 (+43.0%), from €176,948 to €252,950
- Profit (loss) carried forward -€27,233
down €27,233 (-8.5%), from -€318,808 to -€346,041
- Debts after one year -€21,111
down €21,111 (-10.1%), from €208,524 to €187,412
- Trade debts -€9,304
down €9,304 (-14.6%), from €63,809 to €54,505
- Gross operating margin +€10,236
up €10,236 (+16.7%), from €61,209 to €71,445
- Staff costs +€9,652
up €9,652 (+20.2%), from €47,686 to €57,339
- Depreciation -€725
down €725 (-3.4%), from €21,086 to €20,361
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 | €418,278 | €435,677 | +€17,399 | +4.2% |
| Fixed assets | 21/28 | €318,103 | €298,560 | -€19,543 | -6.1% |
| Tangible fixed assets | 22/27 | €314,574 | €295,038 | -€19,536 | -6.2% |
| Land and buildings | 22 | €306,975 | €289,151 | -€17,824 | -5.8% |
| Plant, machinery and equipment | 23 | €1,408 | €776 | -€632 | -44.9% |
| Furniture and vehicles | 24 | €1,072 | €1,522 | +€450 | +42.0% |
| Other tangible fixed assets | 26 | €5,119 | €3,589 | -€1,530 | -29.9% |
| Financial fixed assets | 28 | €3,529 | €3,523 | -€7 | -0.2% |
| Current assets | 29/58 | €100,175 | €137,117 | +€36,942 | +36.9% |
| Stocks and contracts in progress | 3 | €80,478 | €72,756 | -€7,722 | -9.6% |
| Stocks | 30/36 | €80,478 | €72,756 | -€7,722 | -9.6% |
| Amounts receivable within one year | 40/41 | €5,651 | €556 | -€5,095 | -90.2% |
| Trade receivables | 40 | €5,638 | - | -€5,638 | |
| Other amounts receivable | 41 | €13 | €556 | +€543 | +4174.5% |
| Cash at bank and in hand | 54/58 | €12,218 | €62,158 | +€49,941 | +408.8% |
| Deferred charges and accrued income | 490/1 | €1,829 | €1,647 | -€182 | -9.9% |
| Total equity and liabilities | 10/49 | €418,278 | €435,677 | +€17,399 | +4.2% |
| Equity | 10/15 | -€63,382 | -€90,615 | -€27,233 | -43.0% |
| Contributions | 10/11 | €248,736 | €248,736 | = | 0.0% |
| Capital | 10 | €248,736 | €248,736 | = | 0.0% |
| Issued capital | 100 | €248,736 | €248,736 | = | 0.0% |
| Reserves | 13 | €6,690 | €6,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,576 | €6,576 | = | 0.0% |
| Legal reserve | 130 | €6,576 | €6,576 | = | 0.0% |
| Distributable reserves | 133 | €113 | €113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€318,808 | -€346,041 | -€27,233 | -8.5% |
| Amounts payable | 17/49 | €481,660 | €526,292 | +€44,632 | +9.3% |
| Amounts payable after more than one year | 17 | €208,524 | €187,412 | -€21,111 | -10.1% |
| Financial debts | 170/4 | €208,524 | €187,412 | -€21,111 | -10.1% |
| Amounts payable within one year | 42/48 | €272,911 | €338,647 | +€65,736 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €20,686 | €21,111 | +€426 | +2.1% |
| Trade debts | 44 | €63,809 | €54,505 | -€9,304 | -14.6% |
| Suppliers | 440/4 | €63,809 | €54,505 | -€9,304 | -14.6% |
| Taxes, remuneration and social security | 45 | €11,468 | €10,081 | -€1,387 | -12.1% |
| Taxes | 450/3 | €1,587 | €1,357 | -€230 | -14.5% |
| Remuneration and social security | 454/9 | €9,881 | €8,724 | -€1,157 | -11.7% |
| Other amounts payable | 47/48 | €176,948 | €252,950 | +€76,002 | +43.0% |
| Accrued charges and deferred income | 492/3 | €226 | €233 | +€7 | +3.2% |
| Remuneration, social security and pensions | 62 | €47,686 | €57,339 | +€9,652 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,086 | €20,361 | -€725 | -3.4% |
| Other operating charges | 640/8 | €3,046 | €3,058 | +€11 | +0.4% |
| Gross operating margin | 9900 | €61,209 | €71,445 | +€10,236 | +16.7% |
| Operating profit (loss) | 9901 | -€10,610 | -€9,313 | +€1,297 | +12.2% |
| Financial income | 75/76B | €139 | €319 | +€180 | +129.1% |
| Recurring financial income | 75 | €139 | €319 | +€180 | +129.1% |
| Financial charges | 65/66B | €17,394 | €17,874 | +€480 | +2.8% |
| Recurring financial charges | 65 | €17,394 | €17,874 | +€480 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,866 | -€26,868 | +€997 | +3.6% |
| Income taxes | 67/77 | €365 | €365 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€28,230 | -€27,233 | +€997 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,230 | -€27,233 | +€997 | +3.5% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.