COGITANDUS: 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.
COGITANDUS
Largest movements
- Tangible fixed assets -€22,270
down €22,270 (-23.2%), from €96,010 to €73,740
of which Furniture and vehicles: -€21,617
- Cash +€11,891
up €11,891 (+31.1%), from €38,253 to €50,143
mainly Net result for the year (+€58,215) and Depreciation (+€22,270)
- Receivables within one year -€2,396
down €2,396 (-9.5%), from €25,286 to €22,890
of which Trade receivables: -€2,075
- Debts after one year -€18,003
down €18,003 (-27.8%), from €64,708 to €46,704
- Other debts +€3,215
up €3,215 (+5.7%), from €56,076 to €59,292
- Gross operating margin +€11,406
up €11,406 (+12.7%), from €89,839 to €101,246
- Depreciation +€7,134
up €7,134 (+47.1%), from €15,136 to €22,270
- Taxes +€1,554
up €1,554 (+10.6%), from €14,690 to €16,244
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 | €160,074 | €147,386 | -€12,688 | -7.9% |
| Fixed assets | 21/28 | €96,010 | €73,740 | -€22,270 | -23.2% |
| Tangible fixed assets | 22/27 | €96,010 | €73,740 | -€22,270 | -23.2% |
| Plant, machinery and equipment | 23 | €1,326 | €673 | -€653 | -49.3% |
| Furniture and vehicles | 24 | €94,684 | €73,067 | -€21,617 | -22.8% |
| Current assets | 29/58 | €64,064 | €73,646 | +€9,582 | +15.0% |
| Amounts receivable within one year | 40/41 | €25,286 | €22,890 | -€2,396 | -9.5% |
| Trade receivables | 40 | €24,965 | €22,890 | -€2,075 | -8.3% |
| Other amounts receivable | 41 | €320 | - | -€320 | |
| Cash at bank and in hand | 54/58 | €38,253 | €50,143 | +€11,891 | +31.1% |
| Deferred charges and accrued income | 490/1 | €525 | €612 | +€87 | +16.6% |
| Total equity and liabilities | 10/49 | €160,074 | €147,386 | -€12,688 | -7.9% |
| Equity | 10/15 | €1,970 | €2,185 | +€215 | +10.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Share premium | 1100/10 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €970 | €1,185 | +€215 | +22.1% |
| Distributable reserves | 133 | €970 | €1,185 | +€215 | +22.1% |
| Amounts payable | 17/49 | €158,103 | €145,200 | -€12,903 | -8.2% |
| Amounts payable after more than one year | 17 | €64,708 | €46,704 | -€18,003 | -27.8% |
| Financial debts | 170/4 | €64,708 | €46,704 | -€18,003 | -27.8% |
| Amounts payable within one year | 42/48 | €93,396 | €98,431 | +€5,035 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €17,275 | €18,003 | +€728 | +4.2% |
| Trade debts | 44 | €2,757 | €3,085 | +€327 | +11.9% |
| Suppliers | 440/4 | €2,757 | €3,085 | +€327 | +11.9% |
| Taxes, remuneration and social security | 45 | €17,287 | €18,051 | +€764 | +4.4% |
| Taxes | 450/3 | €17,287 | €18,051 | +€764 | +4.4% |
| Other amounts payable | 47/48 | €56,076 | €59,292 | +€3,215 | +5.7% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Non-recurring operating income | 76A | €742 | - | -€742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,136 | €22,270 | +€7,134 | +47.1% |
| Other operating charges | 640/8 | €1,861 | €1,333 | -€528 | -28.4% |
| Gross operating margin | 9900 | €89,839 | €101,246 | +€11,406 | +12.7% |
| Operating profit (loss) | 9901 | €72,842 | €77,642 | +€4,800 | +6.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,303 | €3,184 | +€881 | +38.2% |
| Recurring financial charges | 65 | €2,303 | €3,184 | +€881 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €70,539 | €74,459 | +€3,919 | +5.6% |
| Income taxes | 67/77 | €14,690 | €16,244 | +€1,554 | +10.6% |
| Profit (loss) for the period | 9904 | €55,849 | €58,215 | +€2,366 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,849 | €58,215 | +€2,366 | +4.2% |
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 12 October 2026 via checked.be.