COGHEN SA: 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 SA
Largest movements
- Current investments -€6,538
down €6,538 (-18.5%), from €35,257 to €28,719
- Cash -€5,978
down €5,978 (-72.3%), from €8,264 to €2,285
mainly Other debts (-€11,727) and Net result for the year (-€5,514)
- Tangible fixed assets -€4,742
down €4,742 (-5.0%), from €95,344 to €90,602
of which Other tangible fixed assets: -€4,742
- Other debts -€11,727
down €11,727 (-15.8%), from €74,083 to €62,356
- Profit (loss) carried forward -€5,514
down €5,514, from €2,912 to -€2,602
- Financial income -€14,357
down €14,357 (-99.6%), from €14,416 to €59
- Gross operating margin +€5,978
up €5,978 (+93.9%), from -€6,364 to -€386
- Depreciation -€5,348
down €5,348 (-53.0%), from €10,090 to €4,742
- Other operating charges -€375
down €375 (-48.4%), from €775 to €400
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 | €139,120 | €121,879 | -€17,241 | -12.4% |
| Fixed assets | 21/28 | €95,344 | €90,602 | -€4,742 | -5.0% |
| Tangible fixed assets | 22/27 | €95,344 | €90,602 | -€4,742 | -5.0% |
| Land and buildings | 22 | €12,705 | €12,705 | = | 0.0% |
| Other tangible fixed assets | 26 | €82,640 | €77,898 | -€4,742 | -5.7% |
| Current assets | 29/58 | €43,775 | €31,276 | -€12,499 | -28.6% |
| Amounts receivable within one year | 40/41 | €255 | €272 | +€18 | +6.9% |
| Other amounts receivable | 41 | €255 | €272 | +€18 | +6.9% |
| Current investments | 50/53 | €35,257 | €28,719 | -€6,538 | -18.5% |
| Cash at bank and in hand | 54/58 | €8,264 | €2,285 | -€5,978 | -72.3% |
| Total equity and liabilities | 10/49 | €139,120 | €121,879 | -€17,241 | -12.4% |
| Equity | 10/15 | €65,036 | €59,522 | -€5,514 | -8.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €625 | €625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €625 | €625 | = | 0.0% |
| Legal reserve | 130 | €625 | €625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,912 | -€2,602 | -€5,514 | |
| Amounts payable | 17/49 | €74,083 | €62,356 | -€11,727 | -15.8% |
| Amounts payable within one year | 42/48 | €74,083 | €62,356 | -€11,727 | -15.8% |
| Other amounts payable | 47/48 | €74,083 | €62,356 | -€11,727 | -15.8% |
| Non-recurring operating income | 76A | €8,255 | - | -€8,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,090 | €4,742 | -€5,348 | -53.0% |
| Other operating charges | 640/8 | €775 | €400 | -€375 | -48.4% |
| Gross operating margin | 9900 | -€6,364 | -€386 | +€5,978 | +93.9% |
| Operating profit (loss) | 9901 | -€17,229 | -€5,528 | +€11,701 | +67.9% |
| Financial income | 75/76B | €14,416 | €59 | -€14,357 | -99.6% |
| Recurring financial income | 75 | €14,416 | €59 | -€14,357 | -99.6% |
| Financial charges | 65/66B | €32 | €54 | +€22 | +70.4% |
| Recurring financial charges | 65 | €32 | €54 | +€22 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,845 | -€5,523 | -€2,678 | -94.2% |
| Income taxes | 67/77 | - | -€9 | -€9 | |
| Profit (loss) for the period | 9904 | -€2,845 | -€5,514 | -€2,669 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,845 | -€5,514 | -€2,669 | -93.8% |
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.