COGNADEV BE: 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.
COGNADEV BE
Largest movements
- Cash +€53,648
up €53,648 (+14.4%), from €371,326 to €424,975
mainly Net result for the year (+€76,784) and Receivables within one year (+€28,768)
- Deferred charges and accrued income +€34,000
new in 2025: €34,000
- Receivables within one year -€28,768
down €28,768 (-85.6%), from €33,609 to €4,842
of which Trade receivables: -€28,119
- Reserves +€76,784
up €76,784 (+23.4%), from €328,322 to €405,107
- Tax, wage and social debts -€17,594
down €17,594 (-41.9%), from €41,946 to €24,352
of which Taxes: -€23,046
- Gross operating margin -€85,840
down €85,840 (-26.3%), from €325,919 to €240,079
- Staff costs +€51,475
up €51,475 (+67.2%), from €76,645 to €128,120
- Taxes -€38,564
down €38,564 (-60.1%), from €64,158 to €25,595
- Financial charges +€8,344
up €8,344 (+1159.8%), from €719 to €9,064
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.
Cash bridge derived
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 | €404,936 | €463,816 | +€58,881 | +14.5% |
| Current assets | 29/58 | €404,936 | €463,816 | +€58,881 | +14.5% |
| Amounts receivable within one year | 40/41 | €33,609 | €4,842 | -€28,768 | -85.6% |
| Trade receivables | 40 | €32,555 | €4,436 | -€28,119 | -86.4% |
| Other amounts receivable | 41 | €1,054 | €405 | -€649 | -61.6% |
| Cash at bank and in hand | 54/58 | €371,326 | €424,975 | +€53,648 | +14.4% |
| Deferred charges and accrued income | 490/1 | - | €34,000 | +€34,000 | |
| Total equity and liabilities | 10/49 | €404,936 | €463,816 | +€58,881 | +14.5% |
| Equity | 10/15 | €348,322 | €425,107 | +€76,784 | +22.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €328,322 | €405,107 | +€76,784 | +23.4% |
| Distributable reserves | 133 | €328,322 | €405,107 | +€76,784 | +23.4% |
| Amounts payable | 17/49 | €56,613 | €38,710 | -€17,903 | -31.6% |
| Amounts payable within one year | 42/48 | €56,613 | €38,710 | -€17,903 | -31.6% |
| Trade debts | 44 | €373 | €64 | -€309 | -82.8% |
| Suppliers | 440/4 | €373 | €64 | -€309 | -82.8% |
| Taxes, remuneration and social security | 45 | €41,946 | €24,352 | -€17,594 | -41.9% |
| Taxes | 450/3 | €29,881 | €6,836 | -€23,046 | -77.1% |
| Remuneration and social security | 454/9 | €12,065 | €17,516 | +€5,451 | +45.2% |
| Other amounts payable | 47/48 | €14,294 | €14,294 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €76,645 | €128,120 | +€51,475 | +67.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €325,919 | €240,079 | -€85,840 | -26.3% |
| Operating profit (loss) | 9901 | €248,768 | €111,439 | -€137,330 | -55.2% |
| Financial income | 75/76B | €606 | €4 | -€602 | -99.3% |
| Recurring financial income | 75 | €606 | €4 | -€602 | -99.3% |
| Financial charges | 65/66B | €719 | €9,064 | +€8,344 | +1159.8% |
| Recurring financial charges | 65 | €719 | €9,064 | +€8,344 | +1159.8% |
| Profit (loss) for the period before taxes | 9903 | €248,655 | €102,379 | -€146,276 | -58.8% |
| Income taxes | 67/77 | €64,158 | €25,595 | -€38,564 | -60.1% |
| Profit (loss) for the period | 9904 | €184,496 | €76,784 | -€107,712 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €184,496 | €76,784 | -€107,712 | -58.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.