COGIL: 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.
COGIL
Largest movements
- Cash -€19,079
down €19,079 (-91.5%), from €20,848 to €1,769
mainly Net result for the year (-€16,067) and Trade debts (-€7,258)
- Stocks and contracts -€7,073
no longer reported in 2025 (was €7,073)
- Receivables within one year -€1,991
down €1,991 (-30.6%), from €6,506 to €4,514
of which Trade receivables: -€1,525
- Profit (loss) carried forward -€16,067
down €16,067 (-538.9%), from -€2,982 to -€19,049
- Trade debts -€7,258
down €7,258 (-58.0%), from €12,506 to €5,248
- Tax, wage and social debts -€5,416
down €5,416 (-81.2%), from €6,673 to €1,256
of which Remuneration and social security: -€5,196
- Other debts +€652
up €652 (+3.9%), from €16,599 to €17,251
- Accrued charges and deferred income -€423
no longer reported in 2025 (was €423)
- Gross operating margin -€78,150
down €78,150 (-97.6%), from €80,094 to €1,944
- Staff costs -€47,882
down €47,882 (-75.0%), from €63,824 to €15,943
- Other operating charges +€1,462
up €1,462 (+2050.1%), from €71 to €1,534
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 | €35,219 | €6,707 | -€28,512 | -81.0% |
| Fixed assets | 21/28 | €757 | €424 | -€333 | -44.0% |
| Tangible fixed assets | 22/27 | €757 | €424 | -€333 | -44.0% |
| Furniture and vehicles | 24 | €757 | €424 | -€333 | -44.0% |
| Current assets | 29/58 | €34,462 | €6,284 | -€28,178 | -81.8% |
| Stocks and contracts in progress | 3 | €7,073 | - | -€7,073 | |
| Stocks | 30/36 | €7,073 | - | -€7,073 | |
| Amounts receivable within one year | 40/41 | €6,506 | €4,514 | -€1,991 | -30.6% |
| Trade receivables | 40 | €6,039 | €4,514 | -€1,525 | -25.2% |
| Other amounts receivable | 41 | €467 | - | -€467 | |
| Cash at bank and in hand | 54/58 | €20,848 | €1,769 | -€19,079 | -91.5% |
| Deferred charges and accrued income | 490/1 | €35 | - | -€35 | |
| Total equity and liabilities | 10/49 | €35,219 | €6,707 | -€28,512 | -81.0% |
| Equity | 10/15 | -€982 | -€17,049 | -€16,067 | -1636.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,982 | -€19,049 | -€16,067 | -538.9% |
| Amounts payable | 17/49 | €36,201 | €23,756 | -€12,445 | -34.4% |
| Amounts payable within one year | 42/48 | €35,778 | €23,756 | -€12,022 | -33.6% |
| Trade debts | 44 | €12,506 | €5,248 | -€7,258 | -58.0% |
| Suppliers | 440/4 | €12,506 | €5,248 | -€7,258 | -58.0% |
| Taxes, remuneration and social security | 45 | €6,673 | €1,256 | -€5,416 | -81.2% |
| Taxes | 450/3 | €221 | - | -€221 | |
| Remuneration and social security | 454/9 | €6,452 | €1,256 | -€5,196 | -80.5% |
| Other amounts payable | 47/48 | €16,599 | €17,251 | +€652 | +3.9% |
| Accrued charges and deferred income | 492/3 | €423 | - | -€423 | |
| Remuneration, social security and pensions | 62 | €63,824 | €15,943 | -€47,882 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | €333 | +€90 | +37.2% |
| Other operating charges | 640/8 | €71 | €1,534 | +€1,462 | +2050.1% |
| Gross operating margin | 9900 | €80,094 | €1,944 | -€78,150 | -97.6% |
| Operating profit (loss) | 9901 | €15,955 | -€15,866 | -€31,821 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €261 | €201 | -€60 | -23.0% |
| Recurring financial charges | 65 | €261 | €201 | -€60 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €15,699 | -€16,067 | -€31,766 | |
| Profit (loss) for the period | 9904 | €15,699 | -€16,067 | -€31,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,699 | -€16,067 | -€31,766 |
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 4 October 2026 via checked.be.