COGIT: 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.
COGIT
Largest movements
- Current investments +€60,000
up €60,000 (+29.8%), from €201,011 to €261,011
- Receivables within one year +€9,069
up €9,069 (+25.4%), from €35,773 to €44,843
of which Trade receivables: +€9,645
- Reserves +€47,256
up €47,256 (+9.6%), from €493,564 to €540,819
of which Distributable reserves: +€47,256
- Tax, wage and social debts +€16,734
up €16,734 (+189%), from €8,866 to €25,599
- Financial income +€8,548
up €8,548 (+529%), from €1,615 to €10,163
- Taxes +€3,044
up €3,044 (+7.3%), from €41,842 to €44,886
- Gross operating margin +€3,026
up €3,026 (+2.1%), from €146,713 to €149,738
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 | €516,027 | €585,257 | +€69,230 | +13.4% |
| Fixed assets | 21/28 | €2,857 | €1,919 | -€938 | -32.8% |
| Tangible fixed assets | 22/27 | €2,804 | €1,866 | -€938 | -33.5% |
| Furniture and vehicles | 24 | €2,102 | €1,866 | -€237 | -11.3% |
| Other tangible fixed assets | 26 | €702 | - | -€702 | |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €513,169 | €583,338 | +€70,168 | +13.7% |
| Amounts receivable within one year | 40/41 | €35,773 | €44,843 | +€9,069 | +25.4% |
| Trade receivables | 40 | €35,197 | €44,843 | +€9,645 | +27.4% |
| Other amounts receivable | 41 | €576 | - | -€576 | |
| Current investments | 50/53 | €201,011 | €261,011 | +€60,000 | +29.8% |
| Cash at bank and in hand | 54/58 | €274,456 | €275,364 | +€908 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,929 | €2,120 | +€191 | +9.9% |
| Total equity and liabilities | 10/49 | €516,027 | €585,257 | +€69,230 | +13.4% |
| Equity | 10/15 | €499,764 | €547,019 | +€47,256 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €493,564 | €540,819 | +€47,256 | +9.6% |
| Tax-exempt reserves | 132 | €10,120 | €10,120 | = | 0.0% |
| Distributable reserves | 133 | €483,443 | €530,699 | +€47,256 | +9.8% |
| Amounts payable | 17/49 | €16,263 | €38,238 | +€21,974 | +135% |
| Amounts payable within one year | 42/48 | €16,063 | €38,038 | +€21,974 | +137% |
| Trade debts | 44 | €1,156 | €1,747 | +€591 | +51.1% |
| Suppliers | 440/4 | €1,156 | €1,747 | +€591 | +51.1% |
| Taxes, remuneration and social security | 45 | €8,866 | €25,599 | +€16,734 | +189% |
| Taxes | 450/3 | €8,866 | €25,599 | +€16,734 | +189% |
| Other amounts payable | 47/48 | €6,041 | €10,691 | +€4,650 | +77.0% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,657 | €1,838 | -€819 | -30.8% |
| Other operating charges | 640/8 | €884 | €805 | -€79 | -9.0% |
| Gross operating margin | 9900 | €146,713 | €149,738 | +€3,026 | +2.1% |
| Operating profit (loss) | 9901 | €143,171 | €147,095 | +€3,924 | +2.7% |
| Financial income | 75/76B | €1,615 | €10,163 | +€8,548 | +529% |
| Recurring financial income | 75 | €1,615 | €10,163 | +€8,548 | +529% |
| Financial charges | 65/66B | €1,946 | €639 | -€1,307 | -67.2% |
| Recurring financial charges | 65 | €1,946 | €639 | -€1,307 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €142,840 | €156,619 | +€13,779 | +9.6% |
| Income taxes | 67/77 | €41,842 | €44,886 | +€3,044 | +7.3% |
| Profit (loss) for the period | 9904 | €100,998 | €111,733 | +€10,735 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,998 | €111,733 | +€10,735 | +10.6% |
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 14 October 2026 via checked.be.