COGI EXPERTISES: what changed
Two fiscal 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.
COGI EXPERTISES
Largest movements
- Tangible fixed assets -€6,666
down €6,666 (-44.7%), from €14,923 to €8,257
- Deferred charges and accrued income +€2,481
up €2,481 (+574.7%), from €432 to €2,913
- Cash -€1,871
down €1,871 (-16.3%), from €11,505 to €9,633
mainly Debts after one year (-€6,839) and Trade debts (-€5,882)
- Intangible fixed assets -€1,500
down €1,500 (-10.8%), from €13,858 to €12,358
- Receivables within one year +€1,389
up €1,389 (+5.4%), from €25,851 to €27,241
of which Trade receivables: +€1,347
- Debts after one year -€6,839
down €6,839 (-74.5%), from €9,179 to €2,340
- Trade debts -€5,882
down €5,882 (-61.2%), from €9,615 to €3,732
- Other debts +€5,418
up €5,418 (+21.8%), from €24,896 to €30,314
- Tax, wage and social debts +€1,808
up €1,808 (+28.7%), from €6,294 to €8,102
of which Remuneration and social security: +€1,748
- Profit (loss) carried forward -€1,642
down €1,642 (-18.3%), from -€8,992 to -€10,634
- Gross operating margin +€4,091
up €4,091 (+72.7%), from €5,628 to €9,719
- Depreciation +€1,946
up €1,946 (+31.3%), from €6,220 to €8,166
- Taxes +€975
up €975 (+386.0%), from €253 to €1,228
- Financial charges +€625
up €625 (+89.8%), from €697 to €1,322
- Other operating charges +€144
up €144 (+28.3%), from €507 to €651
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 | €66,568 | €60,401 | -€6,167 | -9.3% |
| Fixed assets | 21/28 | €28,780 | €20,614 | -€8,166 | -28.4% |
| Intangible fixed assets | 21 | €13,858 | €12,358 | -€1,500 | -10.8% |
| Tangible fixed assets | 22/27 | €14,923 | €8,257 | -€6,666 | -44.7% |
| Furniture and vehicles | 24 | €14,923 | €8,257 | -€6,666 | -44.7% |
| Current assets | 29/58 | €37,788 | €39,787 | +€1,999 | +5.3% |
| Amounts receivable within one year | 40/41 | €25,851 | €27,241 | +€1,389 | +5.4% |
| Trade receivables | 40 | €15,114 | €16,461 | +€1,347 | +8.9% |
| Other amounts receivable | 41 | €10,737 | €10,780 | +€42 | +0.4% |
| Cash at bank and in hand | 54/58 | €11,505 | €9,633 | -€1,871 | -16.3% |
| Deferred charges and accrued income | 490/1 | €432 | €2,913 | +€2,481 | +574.7% |
| Total equity and liabilities | 10/49 | €66,568 | €60,401 | -€6,167 | -9.3% |
| Equity | 10/15 | €10,008 | €8,366 | -€1,642 | -16.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,992 | -€10,634 | -€1,642 | -18.3% |
| Amounts payable | 17/49 | €56,560 | €52,035 | -€4,525 | -8.0% |
| Amounts payable after more than one year | 17 | €9,179 | €2,340 | -€6,839 | -74.5% |
| Financial debts | 170/4 | €9,179 | €2,340 | -€6,839 | -74.5% |
| Amounts payable within one year | 42/48 | €47,381 | €48,987 | +€1,606 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €6,577 | €6,839 | +€262 | +4.0% |
| Trade debts | 44 | €9,615 | €3,732 | -€5,882 | -61.2% |
| Suppliers | 440/4 | €9,615 | €3,732 | -€5,882 | -61.2% |
| Taxes, remuneration and social security | 45 | €6,294 | €8,102 | +€1,808 | +28.7% |
| Taxes | 450/3 | €5,564 | €5,624 | +€60 | +1.1% |
| Remuneration and social security | 454/9 | €730 | €2,478 | +€1,748 | +239.4% |
| Other amounts payable | 47/48 | €24,896 | €30,314 | +€5,418 | +21.8% |
| Accrued charges and deferred income | 492/3 | - | €709 | +€709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €8,166 | +€1,946 | +31.3% |
| Other operating charges | 640/8 | €507 | €651 | +€144 | +28.3% |
| Gross operating margin | 9900 | €5,628 | €9,719 | +€4,091 | +72.7% |
| Operating profit (loss) | 9901 | -€1,099 | €902 | +€2,001 | |
| Financial income | 75/76B | €10 | €6 | -€4 | -41.0% |
| Recurring financial income | 75 | €10 | €6 | -€4 | -41.0% |
| Financial charges | 65/66B | €697 | €1,322 | +€625 | +89.8% |
| Recurring financial charges | 65 | €697 | €1,322 | +€625 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,786 | -€414 | +€1,372 | +76.8% |
| Income taxes | 67/77 | €253 | €1,228 | +€975 | +386.0% |
| Profit (loss) for the period | 9904 | -€2,038 | -€1,642 | +€396 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,038 | -€1,642 | +€396 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.