COGITO CONSULTING: 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.
COGITO CONSULTING
Largest movements
- Receivables within one year -€28,761
down €28,761 (-53.4%), from €53,817 to €25,056
of which Other amounts receivable: -€28,333
- Tangible fixed assets -€18,520
down €18,520 (-4.0%), from €458,310 to €439,790
of which Land and buildings: -€15,524
- Receivables after one year -€9,469
down €9,469 (-63.2%), from €14,981 to €5,512
- Debts after one year -€39,488
down €39,488 (-8.5%), from €466,991 to €427,503
- Profit (loss) carried forward -€7,838
down €7,838 (-27.1%), from -€28,965 to -€36,803
- Current portion of long-term debt -€7,189
down €7,189 (-14.0%), from €51,307 to €44,117
- Depreciation +€8,191
up €8,191 (+18.0%), from €45,417 to €53,608
- Gross operating margin -€3,919
down €3,919 (-5.7%), from €68,536 to €64,618
- Taxes -€2,927
down €2,927 (-90.7%), from €3,229 to €301
- Financial charges +€869
up €869 (+5.0%), from €17,311 to €18,180
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 | €568,762 | €512,090 | -€56,672 | -10.0% |
| Fixed assets | 21/28 | €458,310 | €439,790 | -€18,520 | -4.0% |
| Tangible fixed assets | 22/27 | €458,310 | €439,790 | -€18,520 | -4.0% |
| Land and buildings | 22 | €448,178 | €432,654 | -€15,524 | -3.5% |
| Plant, machinery and equipment | 23 | €6,978 | €4,960 | -€2,018 | -28.9% |
| Furniture and vehicles | 24 | €3,154 | €2,176 | -€978 | -31.0% |
| Current assets | 29/58 | €110,452 | €72,300 | -€38,152 | -34.5% |
| Amounts receivable after more than one year | 29 | €14,981 | €5,512 | -€9,469 | -63.2% |
| Other amounts receivable | 291 | €14,981 | €5,512 | -€9,469 | -63.2% |
| Amounts receivable within one year | 40/41 | €53,817 | €25,056 | -€28,761 | -53.4% |
| Trade receivables | 40 | €22,129 | €21,701 | -€428 | -1.9% |
| Other amounts receivable | 41 | €31,688 | €3,355 | -€28,333 | -89.4% |
| Current investments | 50/53 | €10,797 | €7,051 | -€3,746 | -34.7% |
| Cash at bank and in hand | 54/58 | €25,985 | €30,625 | +€4,640 | +17.9% |
| Deferred charges and accrued income | 490/1 | €4,872 | €4,056 | -€816 | -16.7% |
| Total equity and liabilities | 10/49 | €568,762 | €512,090 | -€56,672 | -10.0% |
| Equity | 10/15 | €4,652 | -€3,185 | -€7,838 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,017 | €15,017 | = | 0.0% |
| Distributable reserves | 133 | €15,017 | €15,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,965 | -€36,803 | -€7,838 | -27.1% |
| Provisions and deferred taxes | 16 | €25,912 | €25,912 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,912 | €25,912 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,912 | €25,912 | = | 0.0% |
| Amounts payable | 17/49 | €538,198 | €489,364 | -€48,834 | -9.1% |
| Amounts payable after more than one year | 17 | €466,991 | €427,503 | -€39,488 | -8.5% |
| Financial debts | 170/4 | €466,991 | €427,503 | -€39,488 | -8.5% |
| Amounts payable within one year | 42/48 | €71,207 | €61,861 | -€9,346 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €51,307 | €44,117 | -€7,189 | -14.0% |
| Trade debts | 44 | €4,178 | €2,944 | -€1,233 | -29.5% |
| Suppliers | 440/4 | €4,178 | €2,944 | -€1,233 | -29.5% |
| Taxes, remuneration and social security | 45 | €15,723 | €14,800 | -€923 | -5.9% |
| Taxes | 450/3 | €15,723 | €14,800 | -€923 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,417 | €53,608 | +€8,191 | +18.0% |
| Other operating charges | 640/8 | €1,103 | €1,042 | -€61 | -5.5% |
| Gross operating margin | 9900 | €68,536 | €64,618 | -€3,919 | -5.7% |
| Operating profit (loss) | 9901 | €22,016 | €9,968 | -€12,049 | -54.7% |
| Financial income | 75/76B | €1,093 | €675 | -€417 | -38.2% |
| Recurring financial income | 75 | €1,093 | €675 | -€417 | -38.2% |
| Financial charges | 65/66B | €17,311 | €18,180 | +€869 | +5.0% |
| Recurring financial charges | 65 | €17,311 | €18,180 | +€869 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €5,799 | -€7,537 | -€13,335 | |
| Income taxes | 67/77 | €3,229 | €301 | -€2,927 | -90.7% |
| Profit (loss) for the period | 9904 | €2,570 | -€7,838 | -€10,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,570 | -€7,838 | -€10,408 |
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 18 October 2026 via checked.be.