COGIBEST: 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.
COGIBEST
Largest movements
- Deferred charges and accrued income -€16,176
down €16,176 (-70.4%), from €22,988 to €6,813
- Receivables within one year +€6,990
up €6,990 (+9.7%), from €72,412 to €79,402
of which Trade receivables: +€6,934
- Cash +€4,299
up €4,299 (+1.6%), from €264,493 to €268,792
mainly Net result for the year (+€196,528) and Depreciation (+€25,141)
- Accrued charges and deferred income -€9,897
down €9,897 (-96.4%), from €10,269 to €372
- Profit (loss) carried forward +€6,528
up €6,528 (+3.3%), from €198,831 to €205,359
- Gross operating margin +€64,633
up €64,633 (+9.1%), from €708,436 to €773,069
- Staff costs +€28,440
up €28,440 (+5.4%), from €526,840 to €555,279
- Financial income -€9,028
down €9,028 (-48.1%), from €18,760 to €9,732
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 | €415,881 | €414,112 | -€1,769 | -0.4% |
| Fixed assets | 21/28 | €55,987 | €59,105 | +€3,118 | +5.6% |
| Tangible fixed assets | 22/27 | €55,987 | €59,105 | +€3,118 | +5.6% |
| Furniture and vehicles | 24 | €55,987 | €59,105 | +€3,118 | +5.6% |
| Current assets | 29/58 | €359,894 | €355,007 | -€4,886 | -1.4% |
| Amounts receivable within one year | 40/41 | €72,412 | €79,402 | +€6,990 | +9.7% |
| Trade receivables | 40 | €65,727 | €72,661 | +€6,934 | +10.5% |
| Other amounts receivable | 41 | €6,685 | €6,741 | +€56 | +0.8% |
| Cash at bank and in hand | 54/58 | €264,493 | €268,792 | +€4,299 | +1.6% |
| Deferred charges and accrued income | 490/1 | €22,988 | €6,813 | -€16,176 | -70.4% |
| Total equity and liabilities | 10/49 | €415,881 | €414,112 | -€1,769 | -0.4% |
| Equity | 10/15 | €266,481 | €273,009 | +€6,528 | +2.4% |
| 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 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | - | -€6,150 | |
| Reserves not available under the articles | 1311 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | €198,831 | €205,359 | +€6,528 | +3.3% |
| Amounts payable | 17/49 | €149,400 | €141,103 | -€8,296 | -5.6% |
| Amounts payable within one year | 42/48 | €139,131 | €140,731 | +€1,600 | +1.2% |
| Trade debts | 44 | €3,188 | €3,984 | +€796 | +25.0% |
| Suppliers | 440/4 | €3,188 | €3,984 | +€796 | +25.0% |
| Taxes, remuneration and social security | 45 | €135,943 | €136,747 | +€804 | +0.6% |
| Taxes | 450/3 | €62,177 | €69,728 | +€7,551 | +12.1% |
| Remuneration and social security | 454/9 | €73,765 | €67,019 | -€6,747 | -9.1% |
| Accrued charges and deferred income | 492/3 | €10,269 | €372 | -€9,897 | -96.4% |
| Remuneration, social security and pensions | 62 | €526,840 | €555,279 | +€28,440 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,523 | €25,141 | +€3,618 | +16.8% |
| Other operating charges | 640/8 | €5,529 | €4,469 | -€1,060 | -19.2% |
| Gross operating margin | 9900 | €708,436 | €773,069 | +€64,633 | +9.1% |
| Operating profit (loss) | 9901 | €154,545 | €188,180 | +€33,636 | +21.8% |
| Financial income | 75/76B | €18,760 | €9,732 | -€9,028 | -48.1% |
| Recurring financial income | 75 | €18,760 | €9,732 | -€9,028 | -48.1% |
| Financial charges | 65/66B | €1,078 | €451 | -€628 | -58.2% |
| Recurring financial charges | 65 | €1,078 | €451 | -€628 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €172,226 | €197,462 | +€25,236 | +14.7% |
| Income taxes | 67/77 | €873 | €934 | +€60 | +6.9% |
| Profit (loss) for the period | 9904 | €171,353 | €196,528 | +€25,175 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €171,353 | €196,528 | +€25,175 | +14.7% |
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 6 October 2026 via checked.be.