Cogitare: 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.
Cogitare
Largest movements
- Tangible fixed assets +€74,736
up €74,736 (+8.7%), from €856,855 to €931,591
of which Furniture and vehicles: +€109,485
- Receivables within one year +€64,017
up €64,017 (+94.0%), from €68,085 to €132,102
of which Trade receivables: +€52,277
- Cash +€23,865
up €23,865 (+69.8%), from €34,214 to €58,079
mainly Other debts (+€71,300) and Depreciation (+€57,676)
- Other debts +€71,300
up €71,300 (+5.2%), from €1.4m to €1.5m
- Debts after one year +€41,533
up €41,533 (+8.7%), from €478,985 to €520,518
- Trade debts +€30,349
up €30,349 (+27.7%), from €109,525 to €139,874
- Current portion of long-term debt +€22,597
up €22,597 (+54.9%), from €41,125 to €63,722
- Gross operating margin +€297,556
up €297,556 (+263%), from €113,270 to €410,826
- Taxes +€153,682
up €153,682 (+323%), from €47,638 to €201,320
- Other operating charges +€62,194
up €62,194 (+136%), from €45,897 to €108,091
- Depreciation +€14,357
up €14,357 (+33.1%), from €43,319 to €57,676
- Financial charges +€12,593
up €12,593 (+58.8%), from €21,416 to €34,010
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 | €2,046,037 | €2,209,622 | +€163,585 | +8.0% |
| Fixed assets | 21/28 | €1,930,855 | €2,005,591 | +€74,736 | +3.9% |
| Tangible fixed assets | 22/27 | €856,855 | €931,591 | +€74,736 | +8.7% |
| Land and buildings | 22 | €817,963 | €786,756 | -€31,207 | -3.8% |
| Plant, machinery and equipment | 23 | €24,341 | €20,799 | -€3,542 | -14.6% |
| Furniture and vehicles | 24 | €14,551 | €124,036 | +€109,485 | +752% |
| Financial fixed assets | 28 | €1,074,000 | €1,074,000 | = | 0.0% |
| Current assets | 29/58 | €115,183 | €204,031 | +€88,849 | +77.1% |
| Amounts receivable within one year | 40/41 | €68,085 | €132,102 | +€64,017 | +94.0% |
| Trade receivables | 40 | €67,465 | €119,743 | +€52,277 | +77.5% |
| Other amounts receivable | 41 | €620 | €12,360 | +€11,740 | +1,894% |
| Cash at bank and in hand | 54/58 | €34,214 | €58,079 | +€23,865 | +69.8% |
| Deferred charges and accrued income | 490/1 | €12,883 | €13,850 | +€967 | +7.5% |
| Total equity and liabilities | 10/49 | €2,046,037 | €2,209,622 | +€163,585 | +8.0% |
| Equity | 10/15 | €7,979 | €17,709 | +€9,730 | +122% |
| Contributions | 10/11 | €2,790 | €2,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,189 | €14,919 | +€9,730 | +188% |
| Amounts payable | 17/49 | €2,038,059 | €2,191,913 | +€153,855 | +7.5% |
| Amounts payable after more than one year | 17 | €478,985 | €520,518 | +€41,533 | +8.7% |
| Financial debts | 170/4 | €478,985 | €520,518 | +€41,533 | +8.7% |
| Amounts payable within one year | 42/48 | €1,558,804 | €1,671,125 | +€112,322 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €41,125 | €63,722 | +€22,597 | +54.9% |
| Trade debts | 44 | €109,525 | €139,874 | +€30,349 | +27.7% |
| Suppliers | 440/4 | €109,525 | €139,874 | +€30,349 | +27.7% |
| Taxes, remuneration and social security | 45 | €25,822 | €13,899 | -€11,924 | -46.2% |
| Taxes | 450/3 | €25,822 | €13,899 | -€11,924 | -46.2% |
| Other amounts payable | 47/48 | €1,382,331 | €1,453,631 | +€71,300 | +5.2% |
| Accrued charges and deferred income | 492/3 | €270 | €270 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,319 | €57,676 | +€14,357 | +33.1% |
| Other operating charges | 640/8 | €45,897 | €108,091 | +€62,194 | +136% |
| Gross operating margin | 9900 | €113,270 | €410,826 | +€297,556 | +263% |
| Operating profit (loss) | 9901 | €24,054 | €245,059 | +€221,006 | +919% |
| Financial charges | 65/66B | €21,416 | €34,010 | +€12,593 | +58.8% |
| Recurring financial charges | 65 | €21,416 | €34,010 | +€12,593 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €2,637 | €211,050 | +€208,412 | +7,902% |
| Income taxes | 67/77 | €47,638 | €201,320 | +€153,682 | +323% |
| Profit (loss) for the period | 9904 | -€45,000 | €9,730 | +€54,731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,000 | €9,730 | +€54,731 |
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 21 October 2026 via checked.be.