COGITAX GROUP: 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.
COGITAX GROUP
Largest movements
- Tangible fixed assets +€11,309
up €11,309 (+10.6%), from €106,426 to €117,735
of which Furniture and vehicles: +€15,369
- Cash -€11,142
down €11,142 (-18.6%), from €60,003 to €48,861
mainly Other debts (-€37,903) and Investment in fixed assets (net) (-€17,399)
- Receivables within one year +€3,594
up €3,594 (+20.7%), from €17,353 to €20,947
of which Other amounts receivable: +€3,594
- Deferred charges and accrued income -€2,966
down €2,966 (-52.4%), from €5,660 to €2,694
- Profit (loss) carried forward +€39,866
up €39,866 (+19,757%), from €202 to €40,068
- Other debts -€37,903
down €37,903 (-85.1%), from €44,519 to €6,616
- Gross operating margin -€2,934
down €2,934 (-4.7%), from €62,333 to €59,399
- Depreciation +€1,926
up €1,926 (+46.3%), from €4,164 to €6,090
- Taxes -€1,260
down €1,260 (-10.0%), from €12,627 to €11,367
- Other operating charges +€714
up €714 (+65.4%), from €1,091 to €1,805
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 | €189,442 | €190,237 | +€795 | +0.4% |
| Fixed assets | 21/28 | €106,426 | €117,735 | +€11,309 | +10.6% |
| Tangible fixed assets | 22/27 | €106,426 | €117,735 | +€11,309 | +10.6% |
| Land and buildings | 22 | €106,426 | €102,365 | -€4,060 | -3.8% |
| Furniture and vehicles | 24 | €0 | €15,369 | +€15,369 | +153,692,800% |
| Current assets | 29/58 | €83,016 | €72,502 | -€10,514 | -12.7% |
| Amounts receivable within one year | 40/41 | €17,353 | €20,947 | +€3,594 | +20.7% |
| Trade receivables | 40 | €16,940 | €16,940 | = | 0.0% |
| Other amounts receivable | 41 | €413 | €4,007 | +€3,594 | +870% |
| Cash at bank and in hand | 54/58 | €60,003 | €48,861 | -€11,142 | -18.6% |
| Deferred charges and accrued income | 490/1 | €5,660 | €2,694 | -€2,966 | -52.4% |
| Total equity and liabilities | 10/49 | €189,442 | €190,237 | +€795 | +0.4% |
| Equity | 10/15 | €135,202 | €175,068 | +€39,866 | +29.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202 | €40,068 | +€39,866 | +19,757% |
| Amounts payable | 17/49 | €54,240 | €15,169 | -€39,071 | -72.0% |
| Amounts payable within one year | 42/48 | €54,240 | €15,169 | -€39,071 | -72.0% |
| Trade debts | 44 | €1,362 | €378 | -€984 | -72.2% |
| Suppliers | 440/4 | €1,362 | €378 | -€984 | -72.2% |
| Taxes, remuneration and social security | 45 | €8,359 | €8,175 | -€184 | -2.2% |
| Taxes | 450/3 | €8,359 | €8,175 | -€184 | -2.2% |
| Other amounts payable | 47/48 | €44,519 | €6,616 | -€37,903 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,164 | €6,090 | +€1,926 | +46.3% |
| Other operating charges | 640/8 | €1,091 | €1,805 | +€714 | +65.4% |
| Gross operating margin | 9900 | €62,333 | €59,399 | -€2,934 | -4.7% |
| Operating profit (loss) | 9901 | €57,078 | €51,504 | -€5,574 | -9.8% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €315 | €330 | +€15 | +4.8% |
| Recurring financial charges | 65 | €315 | €330 | +€15 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €56,763 | €51,233 | -€5,530 | -9.7% |
| Income taxes | 67/77 | €12,627 | €11,367 | -€1,260 | -10.0% |
| Profit (loss) for the period | 9904 | €44,136 | €39,866 | -€4,270 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,136 | €39,866 | -€4,270 | -9.7% |
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 29 October 2026 via checked.be.