COGITO: what changed
Two fiscal 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.
COGITO
Largest movements
- Current investments -€60,000
down €60,000 (-76.9%), from €78,000 to €18,000
- Receivables within one year +€24,886
up €24,886 (+48.2%), from €51,638 to €76,523
of which Trade receivables: +€24,386
- Cash -€18,781
down €18,781 (-21.0%), from €89,360 to €70,579
mainly Net result for the year (-€50,270) and Receivables within one year (-€24,886)
- Financial fixed assets -€8,550
down €8,550 (-12.8%), from €66,941 to €58,391
- Profit (loss) carried forward -€50,270
down €50,270 (-37.5%), from €134,038 to €83,769
- Trade debts -€7,594
down €7,594 (-18.9%), from €40,202 to €32,608
- Other debts -€5,815
down €5,815 (-16.3%), from €35,718 to €29,903
- Gross operating margin -€83,560
down €83,560, from €80,543 to -€3,017
- Financial charges +€2,940
up €2,940 (+2352.8%), from €125 to €3,065
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,939 | €223,493 | -€62,446 | -21.8% |
| Fixed assets | 21/28 | €66,941 | €58,391 | -€8,550 | -12.8% |
| Financial fixed assets | 28 | €66,941 | €58,391 | -€8,550 | -12.8% |
| Current assets | 29/58 | €218,998 | €165,102 | -€53,896 | -24.6% |
| Amounts receivable within one year | 40/41 | €51,638 | €76,523 | +€24,886 | +48.2% |
| Trade receivables | 40 | €11,481 | €35,867 | +€24,386 | +212.4% |
| Other amounts receivable | 41 | €40,156 | €40,656 | +€500 | +1.2% |
| Current investments | 50/53 | €78,000 | €18,000 | -€60,000 | -76.9% |
| Cash at bank and in hand | 54/58 | €89,360 | €70,579 | -€18,781 | -21.0% |
| Total equity and liabilities | 10/49 | €285,939 | €223,493 | -€62,446 | -21.8% |
| Equity | 10/15 | €201,688 | €151,419 | -€50,270 | -24.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,038 | €83,769 | -€50,270 | -37.5% |
| Amounts payable | 17/49 | €84,250 | €72,074 | -€12,176 | -14.5% |
| Amounts payable within one year | 42/48 | €84,250 | €72,074 | -€12,176 | -14.5% |
| Trade debts | 44 | €40,202 | €32,608 | -€7,594 | -18.9% |
| Suppliers | 440/4 | €40,202 | €32,608 | -€7,594 | -18.9% |
| Taxes, remuneration and social security | 45 | €8,331 | €9,564 | +€1,233 | +14.8% |
| Taxes | 450/3 | €491 | €245 | -€247 | -50.2% |
| Remuneration and social security | 454/9 | €7,839 | €9,319 | +€1,480 | +18.9% |
| Other amounts payable | 47/48 | €35,718 | €29,903 | -€5,815 | -16.3% |
| Non-recurring operating income | 76A | - | €2,141 | +€2,141 | |
| Remuneration, social security and pensions | 62 | €42,565 | €43,243 | +€678 | +1.6% |
| Other operating charges | 640/8 | €58 | - | -€58 | |
| Non-recurring operating charges | 66A | €64,986 | €1,565 | -€63,421 | -97.6% |
| Gross operating margin | 9900 | €80,543 | -€3,017 | -€83,560 | |
| Operating profit (loss) | 9901 | -€27,066 | -€47,825 | -€20,758 | -76.7% |
| Financial income | 75/76B | €773 | €848 | +€75 | +9.8% |
| Recurring financial income | 75 | €773 | €716 | -€57 | -7.4% |
| Non-recurring financial income | 76B | - | €132 | +€132 | |
| Financial charges | 65/66B | €125 | €3,065 | +€2,940 | +2352.8% |
| Recurring financial charges | 65 | €125 | €3,065 | +€2,940 | +2352.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,419 | -€50,042 | -€23,623 | -89.4% |
| Income taxes | 67/77 | €221 | €228 | +€7 | +3.2% |
| Profit (loss) for the period | 9904 | -€26,640 | -€50,270 | -€23,630 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,640 | -€50,270 | -€23,630 | -88.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.