COGIREX: 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.
COGIREX
Largest movements
- Tangible fixed assets -€8,020
down €8,020 (-26.7%), from €29,992 to €21,972
- Cash +€1,439
up €1,439 (+23240.5%), from €6 to €1,445
mainly Depreciation (+€8,020) and Other debts (+€4,921)
- Profit (loss) carried forward -€13,773
down €13,773 (-29.2%), from -€47,116 to -€60,889
- Other debts +€4,921
up €4,921 (+9.7%), from €50,844 to €55,764
- Trade debts +€3,153
up €3,153 (+248.2%), from €1,270 to €4,423
- Tax, wage and social debts -€605
down €605 (-36.6%), from €1,656 to €1,050
- Gross operating margin -€2,067
down €2,067 (-76.8%), from -€2,693 to -€4,759
- Other operating charges -€637
down €637 (-61.4%), from €1,036 to €400
- Financial charges +€380
up €380 (+972.2%), from €39 to €419
- Taxes -€215
down €215 (-54.9%), from €391 to €176
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 | €30,156 | €23,851 | -€6,305 | -20.9% |
| Fixed assets | 21/28 | €29,992 | €21,972 | -€8,020 | -26.7% |
| Tangible fixed assets | 22/27 | €29,992 | €21,972 | -€8,020 | -26.7% |
| Furniture and vehicles | 24 | €29,992 | €21,972 | -€8,020 | -26.7% |
| Current assets | 29/58 | €163 | €1,878 | +€1,715 | +1049.9% |
| Amounts receivable within one year | 40/41 | €157 | €434 | +€276 | +175.9% |
| Trade receivables | 40 | €118 | €368 | +€250 | +212.0% |
| Other amounts receivable | 41 | €39 | €65 | +€26 | +67.0% |
| Cash at bank and in hand | 54/58 | €6 | €1,445 | +€1,439 | +23240.5% |
| Total equity and liabilities | 10/49 | €30,156 | €23,851 | -€6,305 | -20.9% |
| Equity | 10/15 | -€23,614 | -€37,387 | -€13,773 | -58.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €8,502 | €8,502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,502 | €6,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,116 | -€60,889 | -€13,773 | -29.2% |
| Amounts payable | 17/49 | €53,770 | €61,238 | +€7,468 | +13.9% |
| Amounts payable within one year | 42/48 | €53,770 | €61,238 | +€7,468 | +13.9% |
| Trade debts | 44 | €1,270 | €4,423 | +€3,153 | +248.2% |
| Suppliers | 440/4 | €1,270 | €4,423 | +€3,153 | +248.2% |
| Taxes, remuneration and social security | 45 | €1,656 | €1,050 | -€605 | -36.6% |
| Taxes | 450/3 | €1,656 | €1,050 | -€605 | -36.6% |
| Other amounts payable | 47/48 | €50,844 | €55,764 | +€4,921 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,020 | €8,020 | = | 0.0% |
| Other operating charges | 640/8 | €1,036 | €400 | -€637 | -61.4% |
| Gross operating margin | 9900 | -€2,693 | -€4,759 | -€2,067 | -76.8% |
| Operating profit (loss) | 9901 | -€11,749 | -€13,179 | -€1,430 | -12.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €39 | €419 | +€380 | +972.2% |
| Recurring financial charges | 65 | €39 | €419 | +€380 | +972.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,788 | -€13,597 | -€1,809 | -15.3% |
| Income taxes | 67/77 | €391 | €176 | -€215 | -54.9% |
| Profit (loss) for the period | 9904 | -€12,179 | -€13,773 | -€1,594 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,179 | -€13,773 | -€1,594 | -13.1% |
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 9 October 2026 via checked.be.