COGEVEST: 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.
COGEVEST
Largest movements
- Current investments +€58,180
up €58,180 (+13.2%), from €439,436 to €497,616
- Reserves +€76,049
up €76,049 (+15.7%), from €484,517 to €560,567
of which Distributable reserves: +€76,049
- Other debts -€15,450
down €15,450 (-81.8%), from €18,893 to €3,443
- Financial income +€10,032
up €10,032 (+167%), from €6,013 to €16,045
- Gross operating margin +€2,803
up €2,803 (+1.7%), from €166,508 to €169,311
- Taxes +€1,905
up €1,905 (+3.5%), from €53,795 to €55,700
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 | €523,940 | €582,694 | +€58,755 | +11.2% |
| Fixed assets | 21/28 | €17,064 | €11,899 | -€5,165 | -30.3% |
| Tangible fixed assets | 22/27 | €17,064 | €11,899 | -€5,165 | -30.3% |
| Plant, machinery and equipment | 23 | €1,553 | €986 | -€567 | -36.5% |
| Furniture and vehicles | 24 | €12,737 | €8,418 | -€4,319 | -33.9% |
| Other tangible fixed assets | 26 | €2,774 | €2,496 | -€279 | -10.0% |
| Current assets | 29/58 | €506,875 | €570,795 | +€63,920 | +12.6% |
| Amounts receivable within one year | 40/41 | €11,728 | €17,026 | +€5,298 | +45.2% |
| Trade receivables | 40 | €11,723 | €17,026 | +€5,303 | +45.2% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Current investments | 50/53 | €439,436 | €497,616 | +€58,180 | +13.2% |
| Cash at bank and in hand | 54/58 | €54,134 | €54,379 | +€245 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,577 | €1,774 | +€197 | +12.5% |
| Total equity and liabilities | 10/49 | €523,940 | €582,694 | +€58,755 | +11.2% |
| Equity | 10/15 | €490,717 | €566,767 | +€76,049 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €484,517 | €560,567 | +€76,049 | +15.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €482,657 | €558,707 | +€76,049 | +15.8% |
| Amounts payable | 17/49 | €33,222 | €15,928 | -€17,295 | -52.1% |
| Amounts payable within one year | 42/48 | €33,222 | €15,928 | -€17,295 | -52.1% |
| Trade debts | 44 | €576 | €1,897 | +€1,321 | +229% |
| Suppliers | 440/4 | €576 | €1,897 | +€1,321 | +229% |
| Taxes, remuneration and social security | 45 | €13,753 | €10,588 | -€3,166 | -23.0% |
| Taxes | 450/3 | €13,753 | €10,588 | -€3,166 | -23.0% |
| Other amounts payable | 47/48 | €18,893 | €3,443 | -€15,450 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,788 | €5,165 | +€377 | +7.9% |
| Other operating charges | 640/8 | €579 | €483 | -€96 | -16.6% |
| Gross operating margin | 9900 | €166,508 | €169,311 | +€2,803 | +1.7% |
| Operating profit (loss) | 9901 | €161,141 | €163,663 | +€2,522 | +1.6% |
| Financial income | 75/76B | €6,013 | €16,045 | +€10,032 | +167% |
| Recurring financial income | 75 | €6,013 | €16,045 | +€10,032 | +167% |
| Financial charges | 65/66B | €1,914 | €2,440 | +€526 | +27.5% |
| Recurring financial charges | 65 | €1,914 | €2,440 | +€526 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €165,240 | €177,267 | +€12,028 | +7.3% |
| Income taxes | 67/77 | €53,795 | €55,700 | +€1,905 | +3.5% |
| Profit (loss) for the period | 9904 | €111,444 | €121,567 | +€10,123 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,444 | €121,567 | +€10,123 | +9.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.