COGIMMO: 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.
COGIMMO
Largest movements
- Cash -€170,787
down €170,787 (-99.3%), from €171,907 to €1,120
mainly Advances received (-€300,000) and Trade debts (-€12,678)
- Receivables within one year -€103,425
down €103,425 (-64.3%), from €160,842 to €57,417
of which Trade receivables: -€101,800
- Advances received -€300,000
down €300,000 (-99.8%), from €300,459 to €459
- Profit (loss) carried forward +€13,707
up €13,707 (+20.9%), from -€65,428 to -€51,721
- Trade debts -€12,678
down €12,678 (-23.3%), from €54,370 to €41,692
- Other debts +€9,081
new in 2020: €9,081
- Tax, wage and social debts +€5,476
up €5,476 (+24.2%), from €22,630 to €28,106
of which Taxes: +€7,177
- Staff costs -€47,509
down €47,509 (-83.7%), from €56,737 to €9,228
- Financial charges +€5,340
up €5,340 (+357.6%), from €1,494 to €6,834
- Other operating charges -€3,368
down €3,368 (-38.3%), from €8,787 to €5,419
- Taxes +€1,788
new in 2020: €1,788
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €345,397 | €67,444 | -€277,953 | -80.5% |
| Fixed assets | 21/28 | €11,027 | €8,642 | -€2,386 | -21.6% |
| Intangible fixed assets | 21 | €2,400 | €1,200 | -€1,200 | -50.0% |
| Tangible fixed assets | 22/27 | €8,577 | €7,392 | -€1,186 | -13.8% |
| Land and buildings | 22 | €1,536 | €1,143 | -€393 | -25.6% |
| Furniture and vehicles | 24 | €7,041 | €6,248 | -€793 | -11.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €334,370 | €58,803 | -€275,567 | -82.4% |
| Amounts receivable within one year | 40/41 | €160,842 | €57,417 | -€103,425 | -64.3% |
| Trade receivables | 40 | €155,987 | €54,187 | -€101,800 | -65.3% |
| Other amounts receivable | 41 | €4,855 | €3,230 | -€1,625 | -33.5% |
| Cash at bank and in hand | 54/58 | €171,907 | €1,120 | -€170,787 | -99.3% |
| Deferred charges and accrued income | 490/1 | €1,621 | €266 | -€1,355 | -83.6% |
| Total equity and liabilities | 10/49 | €345,397 | €67,444 | -€277,953 | -80.5% |
| Equity | 10/15 | -€46,828 | -€33,121 | +€13,707 | +29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€65,428 | -€51,721 | +€13,707 | +20.9% |
| Amounts payable | 17/49 | €392,225 | €100,566 | -€291,659 | -74.4% |
| Amounts payable after more than one year | 17 | €3,991 | - | -€3,991 | |
| Financial debts | 170/4 | €3,991 | - | -€3,991 | |
| Amounts payable within one year | 42/48 | €385,234 | €94,146 | -€291,088 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €7,776 | €9,849 | +€2,073 | +26.7% |
| Financial debts | 43 | - | €4,960 | +€4,960 | |
| Credit institutions | 430/8 | - | €4,960 | +€4,960 | |
| Trade debts | 44 | €54,370 | €41,692 | -€12,678 | -23.3% |
| Suppliers | 440/4 | €54,370 | €41,692 | -€12,678 | -23.3% |
| Advances received on contracts in progress | 46 | €300,459 | €459 | -€300,000 | -99.8% |
| Taxes, remuneration and social security | 45 | €22,630 | €28,106 | +€5,476 | +24.2% |
| Taxes | 450/3 | €18,563 | €25,740 | +€7,177 | +38.7% |
| Remuneration and social security | 454/9 | €4,066 | €2,365 | -€1,701 | -41.8% |
| Other amounts payable | 47/48 | - | €9,081 | +€9,081 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €6,420 | +€3,420 | +114.0% |
| Remuneration, social security and pensions | 62 | €56,737 | €9,228 | -€47,509 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,890 | €4,522 | -€368 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €372 | - | -€372 | |
| Other operating charges | 640/8 | €8,787 | €5,419 | -€3,368 | -38.3% |
| Gross operating margin | 9900 | €41,406 | €41,451 | +€46 | +0.1% |
| Operating profit (loss) | 9901 | -€29,379 | €22,283 | +€51,663 | |
| Financial income | 75/76B | €20 | €45 | +€25 | +124.3% |
| Recurring financial income | 75 | €20 | €45 | +€25 | +124.3% |
| Financial charges | 65/66B | €1,494 | €6,834 | +€5,340 | +357.6% |
| Recurring financial charges | 65 | €1,494 | €6,834 | +€5,340 | +357.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,853 | €15,495 | +€46,348 | |
| Income taxes | 67/77 | - | €1,788 | +€1,788 | |
| Profit (loss) for the period | 9904 | -€30,853 | €13,707 | +€44,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,853 | €13,707 | +€44,559 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.