COGITUS: 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.
COGITUS
Largest movements
- Receivables within one year +€62,664
up €62,664 (+96.3%), from €65,077 to €127,741
of which Other amounts receivable: +€68,106
- Receivables after one year -€20,003
no longer reported in 2024 (was €20,003)
- Intangible fixed assets -€6,100
down €6,100 (-50.9%), from €11,974 to €5,874
- Cash +€4,346
up €4,346 (+6.5%), from €66,416 to €70,762
mainly Net result for the year (+€28,269) and Receivables after one year (+€20,003)
- Tangible fixed assets +€2,812
up €2,812 (+78.0%), from €3,604 to €6,417
- Reserves +€28,269
up €28,269 (+54.9%), from €51,509 to €79,778
of which Distributable reserves: +€28,269
- Trade debts +€10,936
up €10,936 (+267.6%), from €4,087 to €15,023
- Short-term financial debts +€2,709
new in 2024: €2,709
- Gross operating margin -€24,959
down €24,959 (-16.6%), from €150,317 to €125,359
- Taxes -€8,308
down €8,308 (-36.3%), from €22,865 to €14,557
- Other operating charges +€8,086
up €8,086 (+11.6%), from €69,870 to €77,955
- Financial income +€2,179
up €2,179 (+108.0%), from €2,019 to €4,198
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 | €222,550 | €265,881 | +€43,331 | +19.5% |
| Fixed assets | 21/28 | €15,578 | €12,290 | -€3,288 | -21.1% |
| Intangible fixed assets | 21 | €11,974 | €5,874 | -€6,100 | -50.9% |
| Tangible fixed assets | 22/27 | €3,604 | €6,417 | +€2,812 | +78.0% |
| Furniture and vehicles | 24 | €3,604 | €6,417 | +€2,812 | +78.0% |
| Current assets | 29/58 | €206,972 | €253,591 | +€46,619 | +22.5% |
| Amounts receivable after more than one year | 29 | €20,003 | - | -€20,003 | |
| Other amounts receivable | 291 | €20,003 | - | -€20,003 | |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,077 | €127,741 | +€62,664 | +96.3% |
| Trade receivables | 40 | €54,125 | €48,683 | -€5,442 | -10.1% |
| Other amounts receivable | 41 | €10,952 | €79,058 | +€68,106 | +621.9% |
| Current investments | 50/53 | €54,488 | €54,488 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,416 | €70,762 | +€4,346 | +6.5% |
| Deferred charges and accrued income | 490/1 | €388 | - | -€388 | |
| Total equity and liabilities | 10/49 | €222,550 | €265,881 | +€43,331 | +19.5% |
| Equity | 10/15 | €202,285 | €230,554 | +€28,269 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,509 | €79,778 | +€28,269 | +54.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,649 | €77,918 | +€28,269 | +56.9% |
| Profit (loss) carried forward | 14 | €132,175 | €132,175 | = | 0.0% |
| Amounts payable | 17/49 | €20,265 | €35,328 | +€15,062 | +74.3% |
| Amounts payable within one year | 42/48 | €9,883 | €25,524 | +€15,641 | +158.3% |
| Financial debts | 43 | - | €2,709 | +€2,709 | |
| Credit institutions | 430/8 | - | €2,709 | +€2,709 | |
| Trade debts | 44 | €4,087 | €15,023 | +€10,936 | +267.6% |
| Suppliers | 440/4 | €4,087 | €15,023 | +€10,936 | +267.6% |
| Taxes, remuneration and social security | 45 | €5,796 | €7,792 | +€1,996 | +34.4% |
| Taxes | 450/3 | €5,796 | €7,792 | +€1,996 | +34.4% |
| Accrued charges and deferred income | 492/3 | €10,382 | €9,804 | -€579 | -5.6% |
| Non-recurring operating income | 76A | €9,468 | - | -€9,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,059 | €7,778 | -€281 | -3.5% |
| Other operating charges | 640/8 | €69,870 | €77,955 | +€8,086 | +11.6% |
| Gross operating margin | 9900 | €150,317 | €125,359 | -€24,959 | -16.6% |
| Operating profit (loss) | 9901 | €72,389 | €39,626 | -€32,763 | -45.3% |
| Financial income | 75/76B | €2,019 | €4,198 | +€2,179 | +108.0% |
| Recurring financial income | 75 | €2,019 | €4,198 | +€2,179 | +108.0% |
| Financial charges | 65/66B | €1,893 | €998 | -€895 | -47.3% |
| Recurring financial charges | 65 | €1,893 | €998 | -€895 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €72,514 | €42,826 | -€29,689 | -40.9% |
| Income taxes | 67/77 | €22,865 | €14,557 | -€8,308 | -36.3% |
| Profit (loss) for the period | 9904 | €49,649 | €28,269 | -€21,380 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,649 | €28,269 | -€21,380 | -43.1% |
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 4 October 2026 via checked.be.