COGIA-S: 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.
COGIA-S
Largest movements
- Cash -€941
down €941 (-1.6%), from €58,199 to €57,258
mainly Net result for the year (-€844) and Trade debts (-€121)
- Profit (loss) carried forward -€844
down €844 (-54.3%), from -€1,553 to -€2,397
- Financial income +€132
up €132 (+80.9%), from €163 to €295
- Gross operating margin -€50
down €50 (-7.3%), from -€693 to -€743
- Financial charges +€21
up €21 (+11.4%), from €181 to €202
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 | €58,627 | €57,662 | -€965 | -1.6% |
| Current assets | 29/58 | €58,627 | €57,662 | -€965 | -1.6% |
| Amounts receivable within one year | 40/41 | €428 | €404 | -€24 | -5.6% |
| Other amounts receivable | 41 | €428 | €404 | -€24 | -5.6% |
| Cash at bank and in hand | 54/58 | €58,199 | €57,258 | -€941 | -1.6% |
| Total equity and liabilities | 10/49 | €58,627 | €57,662 | -€965 | -1.6% |
| Equity | 10/15 | €58,506 | €57,662 | -€844 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,859 | €53,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,553 | -€2,397 | -€844 | -54.3% |
| Amounts payable | 17/49 | €121 | - | -€121 | |
| Amounts payable within one year | 42/48 | €121 | - | -€121 | |
| Trade debts | 44 | €121 | - | -€121 | |
| Suppliers | 440/4 | €121 | - | -€121 | |
| Other operating charges | 640/8 | €191 | €194 | +€3 | +1.6% |
| Gross operating margin | 9900 | -€693 | -€743 | -€50 | -7.3% |
| Operating profit (loss) | 9901 | -€884 | -€937 | -€53 | -6.0% |
| Financial income | 75/76B | €163 | €295 | +€132 | +80.9% |
| Recurring financial income | 75 | €163 | €295 | +€132 | +80.9% |
| Financial charges | 65/66B | €181 | €202 | +€21 | +11.4% |
| Recurring financial charges | 65 | €181 | €202 | +€21 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€902 | -€844 | +€58 | +6.4% |
| Profit (loss) for the period | 9904 | -€902 | -€844 | +€58 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€902 | -€844 | +€58 | +6.4% |
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 27 October 2026 via checked.be.