COGHEN 77: 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.
COGHEN 77
Largest movements
- Stocks and contracts +€83,862
up €83,862 (+5.3%), from €1.6m to €1.7m
- Receivables within one year -€35,485
down €35,485 (-6.4%), from €554,181 to €518,696
of which Trade receivables: -€33,740
- Other debts +€85,479
up €85,479 (+11.0%), from €774,747 to €860,226
- Trade debts -€27,574
down €27,574 (-34.6%), from €79,684 to €52,110
- Gross operating margin -€32,038
down €32,038, from €23,441 to -€8,596
- Financial income -€3,306
down €3,306 (-24.1%), from €13,705 to €10,399
- Financial charges +€2,187
up €2,187 (+14.8%), from €14,798 to €16,985
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 | €2,137,271 | €2,185,971 | +€48,700 | +2.3% |
| Current assets | 29/58 | €2,137,271 | €2,185,971 | +€48,700 | +2.3% |
| Stocks and contracts in progress | 3 | €1,582,553 | €1,666,415 | +€83,862 | +5.3% |
| Stocks | 30/36 | €1,582,553 | €1,666,415 | +€83,862 | +5.3% |
| Amounts receivable within one year | 40/41 | €554,181 | €518,696 | -€35,485 | -6.4% |
| Trade receivables | 40 | €38,828 | €5,088 | -€33,740 | -86.9% |
| Other amounts receivable | 41 | €515,353 | €513,608 | -€1,744 | -0.3% |
| Cash at bank and in hand | 54/58 | €32 | €132 | +€100 | +317.1% |
| Deferred charges and accrued income | 490/1 | €506 | €728 | +€222 | +44.0% |
| Total equity and liabilities | 10/49 | €2,137,271 | €2,185,971 | +€48,700 | +2.3% |
| Equity | 10/15 | €264,068 | €246,012 | -€18,055 | -6.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €118,439 | €118,439 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,439 | €18,439 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,438 | €18,438 | = | 0.0% |
| Other | 1319 | €1 | €1 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,128 | €66,073 | -€18,055 | -21.5% |
| Amounts payable | 17/49 | €1,873,203 | €1,939,958 | +€66,755 | +3.6% |
| Amounts payable after more than one year | 17 | €211,545 | €220,435 | +€8,890 | +4.2% |
| Financial debts | 170/4 | €211,545 | €220,435 | +€8,890 | +4.2% |
| Amounts payable within one year | 42/48 | €1,661,659 | €1,719,523 | +€57,865 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €765,000 | €769,058 | +€4,058 | +0.5% |
| Financial debts | 43 | €14,951 | - | -€14,951 | |
| Credit institutions | 430/8 | €14,951 | - | -€14,951 | |
| Trade debts | 44 | €79,684 | €52,110 | -€27,574 | -34.6% |
| Suppliers | 440/4 | €79,684 | €52,110 | -€27,574 | -34.6% |
| Taxes, remuneration and social security | 45 | €27,276 | €38,129 | +€10,853 | +39.8% |
| Taxes | 450/3 | €27,276 | €38,129 | +€10,853 | +39.8% |
| Other amounts payable | 47/48 | €774,747 | €860,226 | +€85,479 | +11.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €1,874 | +€1,874 | |
| Gross operating margin | 9900 | €23,441 | -€8,596 | -€32,038 | |
| Operating profit (loss) | 9901 | €22,474 | -€11,469 | -€33,942 | |
| Financial income | 75/76B | €13,705 | €10,399 | -€3,306 | -24.1% |
| Recurring financial income | 75 | €13,705 | €10,399 | -€3,306 | -24.1% |
| Financial charges | 65/66B | €14,798 | €16,985 | +€2,187 | +14.8% |
| Recurring financial charges | 65 | €14,798 | €16,985 | +€2,187 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €21,381 | -€18,055 | -€39,436 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €21,381 | -€18,055 | -€39,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,381 | -€18,055 | -€39,436 |
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 9 October 2026 via checked.be.