CoGiVa Groep: what changed
What changed
CoGiVa Groep
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€198,339
2024 · -€961,495+€763,156
Equity
-€1.5m
2024 · -€1.3m-€198,339
Cash
€50,605
2024 · €125,548-€74,944
Balance sheet total
€4.7m
2024 · €4.9m-€202,003
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-72.7%), from €1.7m to €453,424
- Receivables within one year +€1.0m
up €1.0m (+45.3%), from €2.3m to €3.3m
of which Trade receivables: +€820,231
- Cash -€74,944
down €74,944 (-59.7%), from €125,548 to €50,605
mainly Receivables within one year (-€1.0m) and Current portion of long-term debt (-€377,865)
- Financial fixed assets +€70,000
up €70,000 (+69.7%), from €100,500 to €170,500
Equity and liabilities
- Current portion of long-term debt -€377,865
down €377,865 (-65.0%), from €581,468 to €203,603
- Other debts +€291,456
up €291,456 (+77.2%), from €377,321 to €668,777
- Profit (loss) carried forward -€198,339
down €198,339 (-11.9%), from -€1.7m to -€1.9m
- Tax, wage and social debts +€149,579
new in 2025: €149,579
Income statement
- Gross operating margin +€797,113
up €797,113, from -€650,415 to €146,698
- Financial charges +€66,836
up €66,836 (+24.4%), from €273,421 to €340,256
- Financial income +€34,770
up €34,770 (+393,775%), from €9 to €34,779
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€961,495
Gross operating margin
+€797,113
Depreciation
-€1,597
Other operating charges
-€294
Financial income
+€34,770
Financial charges
-€66,836
Result 2025
-€198,339
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€433,119
Investment
-€96,595
Financing
-€411,468
Cash 2024
€125,548
From operations (derived)
+€433,119
Net result for the year
-€198,339
Depreciation
+€36,833
Stocks and contracts
+€1.2m
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€7,187
Trade debts
+€4,470
Tax, wage and social debts
+€149,579
Other debts
+€291,456
Accrued charges and deferred income
-€37,702
Investment (derived)
-€96,595
Investment in fixed assets (net)
-€96,595
Financing
-€411,468
Debts after one year
-€33,603
Current portion of long-term debt
-€377,865
Cash 2025
€50,605
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,858,790 | €4,656,787 | -€202,003 | -4.2% |
| Fixed assets | 21/28 | €790,322 | €850,083 | +€59,761 | +7.6% |
| Tangible fixed assets | 22/27 | €689,822 | €679,583 | -€10,239 | -1.5% |
| Land and buildings | 22 | €680,886 | €675,599 | -€5,287 | -0.8% |
| Furniture and vehicles | 24 | €7,005 | €3,985 | -€3,021 | -43.1% |
| Other tangible fixed assets | 26 | €1,931 | €0 | -€1,931 | -100% |
| Financial fixed assets | 28 | €100,500 | €170,500 | +€70,000 | +69.7% |
| Current assets | 29/58 | €4,068,467 | €3,806,703 | -€261,764 | -6.4% |
| Stocks and contracts in progress | 3 | €1,662,792 | €453,424 | -€1.2m | -72.7% |
| Contracts in progress | 37 | €1,662,792 | €453,424 | -€1.2m | -72.7% |
| Amounts receivable within one year | 40/41 | €2,271,396 | €3,301,130 | +€1.0m | +45.3% |
| Trade receivables | 40 | €1,460,940 | €2,281,171 | +€820,231 | +56.1% |
| Other amounts receivable | 41 | €810,456 | €1,019,959 | +€209,503 | +25.9% |
| Cash at bank and in hand | 54/58 | €125,548 | €50,605 | -€74,944 | -59.7% |
| Deferred charges and accrued income | 490/1 | €8,731 | €1,544 | -€7,187 | -82.3% |
| Total equity and liabilities | 10/49 | €4,858,790 | €4,656,787 | -€202,003 | -4.2% |
| Equity | 10/15 | -€1,295,913 | -€1,494,251 | -€198,339 | -15.3% |
| Contributions | 10/11 | €368,566 | €368,566 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,666,339 | -€1,864,677 | -€198,339 | -11.9% |
| Amounts payable | 17/49 | €6,154,702 | €6,151,038 | -€3,664 | -0.1% |
| Amounts payable after more than one year | 17 | €4,864,936 | €4,831,333 | -€33,603 | -0.7% |
| Financial debts | 170/4 | €4,864,936 | €4,831,333 | -€33,603 | -0.7% |
| Amounts payable within one year | 42/48 | €1,038,381 | €1,106,022 | +€67,641 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €581,468 | €203,603 | -€377,865 | -65.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €79,593 | €84,062 | +€4,470 | +5.6% |
| Suppliers | 440/4 | €79,593 | €84,062 | +€4,470 | +5.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €149,579 | +€149,579 | |
| Taxes | 450/3 | - | €149,579 | +€149,579 | |
| Other amounts payable | 47/48 | €377,321 | €668,777 | +€291,456 | +77.2% |
| Accrued charges and deferred income | 492/3 | €251,385 | €213,683 | -€37,702 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,236 | €36,833 | +€1,597 | +4.5% |
| Other operating charges | 640/8 | €2,431 | €2,726 | +€294 | +12.1% |
| Gross operating margin | 9900 | -€650,415 | €146,698 | +€797,113 | |
| Operating profit (loss) | 9901 | -€688,083 | €107,139 | +€795,222 | |
| Financial income | 75/76B | €9 | €34,779 | +€34,770 | +393,775% |
| Recurring financial income | 75 | €9 | €34,779 | +€34,770 | +393,775% |
| Financial charges | 65/66B | €273,421 | €340,256 | +€66,836 | +24.4% |
| Recurring financial charges | 65 | €273,421 | €340,256 | +€66,836 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€961,495 | -€198,339 | +€763,156 | +79.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€961,495 | -€198,339 | +€763,156 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€961,495 | -€198,339 | +€763,156 | +79.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.