COGINIO CONSULTING: 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.
COGINIO CONSULTING
Largest movements
- Current investments -€29,565
down €29,565 (-14.7%), from €200,629 to €171,064
- Tangible fixed assets -€14,756
down €14,756 (-2.9%), from €514,698 to €499,942
- Receivables within one year -€10,890
down €10,890 (-27.3%), from €39,857 to €28,967
- Reserves -€148,270
down €148,270 (-26.3%), from €563,914 to €415,644
of which Distributable reserves: -€148,270
- Other debts +€116,322
up €116,322 (+68.0%), from €170,958 to €287,280
- Tax, wage and social debts -€28,556
down €28,556 (-65.5%), from €43,593 to €15,037
- Gross operating margin +€3,404
up €3,404 (+1.5%), from €226,178 to €229,583
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 | €786,223 | €729,024 | -€57,199 | -7.3% |
| Fixed assets | 21/28 | €514,698 | €499,942 | -€14,756 | -2.9% |
| Tangible fixed assets | 22/27 | €514,698 | €499,942 | -€14,756 | -2.9% |
| Land and buildings | 22 | €514,698 | €499,942 | -€14,756 | -2.9% |
| Current assets | 29/58 | €271,525 | €229,083 | -€42,442 | -15.6% |
| Amounts receivable within one year | 40/41 | €39,857 | €28,967 | -€10,890 | -27.3% |
| Trade receivables | 40 | €39,857 | €28,967 | -€10,890 | -27.3% |
| Current investments | 50/53 | €200,629 | €171,064 | -€29,565 | -14.7% |
| Cash at bank and in hand | 54/58 | €29,982 | €28,188 | -€1,794 | -6.0% |
| Deferred charges and accrued income | 490/1 | €1,057 | €863 | -€194 | -18.3% |
| Total equity and liabilities | 10/49 | €786,223 | €729,024 | -€57,199 | -7.3% |
| Equity | 10/15 | €570,114 | €421,844 | -€148,270 | -26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €563,914 | €415,644 | -€148,270 | -26.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €562,054 | €413,784 | -€148,270 | -26.4% |
| Amounts payable | 17/49 | €216,109 | €307,180 | +€91,071 | +42.1% |
| Amounts payable within one year | 42/48 | €216,109 | €307,180 | +€91,071 | +42.1% |
| Trade debts | 44 | €1,557 | €4,863 | +€3,305 | +212% |
| Suppliers | 440/4 | €1,557 | €4,863 | +€3,305 | +212% |
| Taxes, remuneration and social security | 45 | €43,593 | €15,037 | -€28,556 | -65.5% |
| Taxes | 450/3 | €43,593 | €15,037 | -€28,556 | -65.5% |
| Other amounts payable | 47/48 | €170,958 | €287,280 | +€116,322 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,714 | €14,756 | -€958 | -6.1% |
| Other operating charges | 640/8 | €5,359 | €5,993 | +€633 | +11.8% |
| Gross operating margin | 9900 | €226,178 | €229,583 | +€3,404 | +1.5% |
| Operating profit (loss) | 9901 | €205,105 | €208,834 | +€3,728 | +1.8% |
| Financial income | 75/76B | €724 | €652 | -€71 | -9.8% |
| Recurring financial income | 75 | €724 | €652 | -€71 | -9.8% |
| Financial charges | 65/66B | €363 | €373 | +€10 | +2.7% |
| Recurring financial charges | 65 | €363 | €373 | +€10 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €205,466 | €209,113 | +€3,648 | +1.8% |
| Income taxes | 67/77 | €61,092 | €62,262 | +€1,170 | +1.9% |
| Profit (loss) for the period | 9904 | €144,374 | €146,852 | +€2,478 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,374 | €146,852 | +€2,478 | +1.7% |
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 24 October 2026 via checked.be.