COGISOLVE: 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.
COGISOLVE
Largest movements
- Cash +€20,037
up €20,037 (+46.6%), from €42,979 to €63,016
mainly Net result for the year (+€55,975) and Other debts (+€30,110)
- Receivables within one year -€17,368
down €17,368 (-47.2%), from €36,769 to €19,401
of which Trade receivables: -€18,685
- Tangible fixed assets -€3,982
down €3,982 (-18.7%), from €21,286 to €17,305
- Reserves -€32,849
down €32,849 (-37.2%), from €88,260 to €55,412
- Other debts +€30,110
up €30,110 (+894.0%), from €3,368 to €33,478
- Tax, wage and social debts +€1,828
up €1,828 (+174.9%), from €1,045 to €2,874
- Gross operating margin +€4,479
up €4,479 (+6.0%), from €74,323 to €78,802
- Taxes +€984
up €984 (+6.7%), from €14,699 to €15,683
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 | €105,904 | €105,124 | -€780 | -0.7% |
| Fixed assets | 21/28 | €23,551 | €19,570 | -€3,982 | -16.9% |
| Tangible fixed assets | 22/27 | €21,286 | €17,305 | -€3,982 | -18.7% |
| Furniture and vehicles | 24 | €21,286 | €17,305 | -€3,982 | -18.7% |
| Financial fixed assets | 28 | €2,265 | €2,265 | = | 0.0% |
| Current assets | 29/58 | €82,352 | €85,554 | +€3,202 | +3.9% |
| Amounts receivable within one year | 40/41 | €36,769 | €19,401 | -€17,368 | -47.2% |
| Trade receivables | 40 | €35,419 | €16,734 | -€18,685 | -52.8% |
| Other amounts receivable | 41 | €1,350 | €2,667 | +€1,317 | +97.6% |
| Cash at bank and in hand | 54/58 | €42,979 | €63,016 | +€20,037 | +46.6% |
| Deferred charges and accrued income | 490/1 | €2,604 | €3,137 | +€533 | +20.5% |
| Total equity and liabilities | 10/49 | €105,904 | €105,124 | -€780 | -0.7% |
| Equity | 10/15 | €98,260 | €65,412 | -€32,849 | -33.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €88,260 | €55,412 | -€32,849 | -37.2% |
| Distributable reserves | 133 | €88,260 | €55,412 | -€32,849 | -37.2% |
| Amounts payable | 17/49 | €7,644 | €39,713 | +€32,069 | +419.5% |
| Amounts payable within one year | 42/48 | €7,644 | €39,713 | +€32,069 | +419.5% |
| Trade debts | 44 | €3,230 | €3,361 | +€131 | +4.0% |
| Suppliers | 440/4 | €3,230 | €3,361 | +€131 | +4.0% |
| Taxes, remuneration and social security | 45 | €1,045 | €2,874 | +€1,828 | +174.9% |
| Taxes | 450/3 | €1,045 | €2,874 | +€1,828 | +174.9% |
| Other amounts payable | 47/48 | €3,368 | €33,478 | +€30,110 | +894.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,173 | €6,173 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,196 | €928 | -€267 | -22.4% |
| Gross operating margin | 9900 | €74,323 | €78,802 | +€4,479 | +6.0% |
| Operating profit (loss) | 9901 | €66,955 | €71,702 | +€4,746 | +7.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €237 | €43 | -€194 | -81.8% |
| Recurring financial charges | 65 | €237 | €43 | -€194 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €66,722 | €71,659 | +€4,937 | +7.4% |
| Income taxes | 67/77 | €14,699 | €15,683 | +€984 | +6.7% |
| Profit (loss) for the period | 9904 | €52,022 | €55,975 | +€3,953 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,022 | €55,975 | +€3,953 | +7.6% |
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.