COGGHE: 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.
COGGHE
Largest movements
- Receivables within one year -€385,316
down €385,316 (-87.0%), from €443,024 to €57,708
- Cash +€93,009
up €93,009 (+20.4%), from €456,328 to €549,337
mainly Receivables within one year (+€385,316) and Net result for the year (+€159,716)
- Reserves -€306,261
down €306,261 (-23.4%), from €1.3m to €1.0m
of which Distributable reserves: -€269,495
- Tax, wage and social debts +€19,022
up €19,022 (+237%), from €8,031 to €27,053
- Gross operating margin +€50,947
up €50,947 (+27.7%), from €183,922 to €234,869
- Taxes +€20,783
up €20,783 (+38.7%), from €53,751 to €74,534
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 | €1,443,596 | €1,151,288 | -€292,308 | -20.2% |
| Fixed assets | 21/28 | €544,243 | €544,243 | = | 0.0% |
| Financial fixed assets | 28 | €544,243 | €544,243 | = | 0.0% |
| Current assets | 29/58 | €899,353 | €607,045 | -€292,308 | -32.5% |
| Amounts receivable within one year | 40/41 | €443,024 | €57,708 | -€385,316 | -87.0% |
| Other amounts receivable | 41 | €443,024 | €57,708 | -€385,316 | -87.0% |
| Cash at bank and in hand | 54/58 | €456,328 | €549,337 | +€93,009 | +20.4% |
| Total equity and liabilities | 10/49 | €1,443,596 | €1,151,288 | -€292,308 | -20.2% |
| Equity | 10/15 | €1,409,398 | €1,103,137 | -€306,261 | -21.7% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,310,241 | €1,003,980 | -€306,261 | -23.4% |
| Non-distributable reserves | 130/1 | €36,766 | - | -€36,766 | |
| Reserves not available under the articles | 1311 | €36,766 | - | -€36,766 | |
| Distributable reserves | 133 | €1,273,475 | €1,003,980 | -€269,495 | -21.2% |
| Amounts payable | 17/49 | €34,197 | €48,151 | +€13,953 | +40.8% |
| Amounts payable within one year | 42/48 | €34,197 | €48,151 | +€13,953 | +40.8% |
| Financial debts | 43 | €20,284 | €20,187 | -€97 | -0.5% |
| Credit institutions | 430/8 | €20,284 | €20,187 | -€97 | -0.5% |
| Trade debts | 44 | €5,883 | €818 | -€5,064 | -86.1% |
| Suppliers | 440/4 | €5,883 | €818 | -€5,064 | -86.1% |
| Taxes, remuneration and social security | 45 | €8,031 | €27,053 | +€19,022 | +237% |
| Taxes | 450/3 | €8,031 | €27,053 | +€19,022 | +237% |
| Other amounts payable | 47/48 | - | €93 | +€93 | |
| Other operating charges | 640/8 | €217 | €219 | +€2 | +0.9% |
| Gross operating margin | 9900 | €183,922 | €234,869 | +€50,947 | +27.7% |
| Operating profit (loss) | 9901 | €183,705 | €234,650 | +€50,945 | +27.7% |
| Financial income | 75/76B | €1,317 | €788 | -€529 | -40.1% |
| Recurring financial income | 75 | €1,317 | €788 | -€529 | -40.1% |
| Financial charges | 65/66B | €1,804 | €1,188 | -€616 | -34.2% |
| Recurring financial charges | 65 | €1,804 | €1,188 | -€616 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €183,218 | €234,251 | +€51,033 | +27.9% |
| Income taxes | 67/77 | €53,751 | €74,534 | +€20,783 | +38.7% |
| Profit (loss) for the period | 9904 | €129,467 | €159,716 | +€30,250 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,467 | €159,716 | +€30,250 | +23.4% |
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 22 October 2026 via checked.be.