Cogitamus: 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.
Cogitamus
Largest movements
- Tangible fixed assets +€520,500
up €520,500 (+84.4%), from €616,500 to €1.1m
of which Assets under construction and advance payments: +€472,006
- Receivables within one year +€392,553
up €392,553 (+118%), from €332,115 to €724,668
of which Other amounts receivable: +€283,724
- Trade debts +€420,080
up €420,080 (+68,675%), from €612 to €420,692
- Revaluation surpluses +€237,494
new in 2025: €237,494
- Contributions +€90,000
up €90,000 (+56.3%), from €160,000 to €250,000
- Accrued charges and deferred income +€71,796
up €71,796 (+65.3%), from €109,887 to €181,683
- Profit (loss) carried forward +€66,463
up €66,463, from -€64,679 to €1,783
- Gross operating margin +€67,134
up €67,134 (+237%), from €28,315 to €95,449
- Other operating charges -€51,731
down €51,731 (-99.3%), from €52,119 to €387
- Financial income +€10,235
up €10,235 (+3,301,555%), from €0 to €10,235
- Financial charges -€2,636
down €2,636 (-6.4%), from €40,875 to €38,239
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 | €958,403 | €1,862,542 | +€904,139 | +94.3% |
| Fixed assets | 21/28 | €616,500 | €1,137,000 | +€520,500 | +84.4% |
| Tangible fixed assets | 22/27 | €616,500 | €1,137,000 | +€520,500 | +84.4% |
| Land and buildings | 22 | €616,500 | €664,994 | +€48,494 | +7.9% |
| Assets under construction and advance payments | 27 | - | €472,006 | +€472,006 | |
| Current assets | 29/58 | €341,903 | €725,542 | +€383,639 | +112% |
| Amounts receivable within one year | 40/41 | €332,115 | €724,668 | +€392,553 | +118% |
| Trade receivables | 40 | €194,243 | €303,072 | +€108,829 | +56.0% |
| Other amounts receivable | 41 | €137,873 | €421,596 | +€283,724 | +206% |
| Cash at bank and in hand | 54/58 | €9,603 | €437 | -€9,165 | -95.4% |
| Deferred charges and accrued income | 490/1 | €186 | €437 | +€252 | +136% |
| Total equity and liabilities | 10/49 | €958,403 | €1,862,542 | +€904,139 | +94.3% |
| Equity | 10/15 | €95,321 | €489,277 | +€393,956 | +413% |
| Contributions | 10/11 | €160,000 | €250,000 | +€90,000 | +56.3% |
| Revaluation surpluses | 12 | - | €237,494 | +€237,494 | |
| Profit (loss) carried forward | 14 | -€64,679 | €1,783 | +€66,463 | |
| Amounts payable | 17/49 | €863,082 | €1,373,265 | +€510,183 | +59.1% |
| Amounts payable after more than one year | 17 | €724,383 | €741,455 | +€17,073 | +2.4% |
| Financial debts | 170/4 | €724,383 | €741,455 | +€17,073 | +2.4% |
| Amounts payable within one year | 42/48 | €28,812 | €450,127 | +€421,314 | +1,462% |
| Current portion of amounts payable after more than one year | 42 | €27,475 | €28,840 | +€1,365 | +5.0% |
| Trade debts | 44 | €612 | €420,692 | +€420,080 | +68,675% |
| Suppliers | 440/4 | €612 | €420,692 | +€420,080 | +68,675% |
| Taxes, remuneration and social security | 45 | - | €594 | +€594 | |
| Taxes | 450/3 | - | €594 | +€594 | |
| Other amounts payable | 47/48 | €726 | €0 | -€726 | -100% |
| Accrued charges and deferred income | 492/3 | €109,887 | €181,683 | +€71,796 | +65.3% |
| Other operating charges | 640/8 | €52,119 | €387 | -€51,731 | -99.3% |
| Gross operating margin | 9900 | €28,315 | €95,449 | +€67,134 | +237% |
| Operating profit (loss) | 9901 | -€23,804 | €95,061 | +€118,865 | |
| Financial income | 75/76B | €0 | €10,235 | +€10,235 | +3,301,555% |
| Recurring financial income | 75 | €0 | €10,235 | +€10,235 | +3,301,555% |
| Financial charges | 65/66B | €40,875 | €38,239 | -€2,636 | -6.4% |
| Recurring financial charges | 65 | €40,875 | €38,239 | -€2,636 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€64,679 | €67,057 | +€131,736 | |
| Income taxes | 67/77 | - | €594 | +€594 | |
| Profit (loss) for the period | 9904 | -€64,679 | €66,463 | +€131,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,679 | €66,463 | +€131,142 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.