COGNATIS: what changed
COGNATIS
Largest movements
- Receivables within one year +€252,906
up €252,906 (+121%), from €209,295 to €462,201
- Deferred charges and accrued income -€49,973
down €49,973 (-99.9%), from €50,027 to €54
- Cash +€31,087
up €31,087 (+92.0%), from €33,804 to €64,891
mainly Net result for the year (+€178,715) and Deferred charges and accrued income (+€49,973)
- Tangible fixed assets -€19,241
down €19,241 (-7.4%), from €261,256 to €242,015
- Reserves +€178,715
up €178,715 (+40.4%), from €441,994 to €620,710
of which Distributable reserves: +€178,715
- Provisions +€39,812
new in 2026: €39,812
- Debts after one year -€15,315
down €15,315 (-11.0%), from €139,661 to €124,346
of which Financial debts: -€15,315
- Tax, wage and social debts +€11,057
up €11,057 (+217%), from €5,102 to €16,159
of which Taxes: +€13,585
- Gross operating margin +€281,495
up €281,495 (+488%), from €57,714 to €339,209
- Taxes +€84,291
up €84,291 (+1,227%), from €6,868 to €91,159
- Provisions +€39,812
new in 2026: €39,812
- Financial charges -€5,714
down €5,714 (-47.9%), from €11,942 to €6,228
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €622,382 | €837,161 | +€214,779 | +34.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €261,256 | €242,015 | -€19,241 | -7.4% |
| Tangible fixed assets | 22/27 | €261,256 | €242,015 | -€19,241 | -7.4% |
| Land and buildings | 22 | €261,256 | €242,015 | -€19,241 | -7.4% |
| Current assets | 29/58 | €361,126 | €595,146 | +€234,020 | +64.8% |
| Amounts receivable within one year | 40/41 | €209,295 | €462,201 | +€252,906 | +121% |
| Other amounts receivable | 41 | €209,295 | €462,201 | +€252,906 | +121% |
| Current investments | 50/53 | €68,000 | €68,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,804 | €64,891 | +€31,087 | +92.0% |
| Deferred charges and accrued income | 490/1 | €50,027 | €54 | -€49,973 | -99.9% |
| Total equity and liabilities | 10/49 | €622,382 | €837,161 | +€214,779 | +34.5% |
| Equity | 10/15 | €460,594 | €639,310 | +€178,715 | +38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €441,994 | €620,710 | +€178,715 | +40.4% |
| Tax-exempt reserves | 132 | €207 | €207 | = | 0.0% |
| Distributable reserves | 133 | €441,788 | €620,503 | +€178,715 | +40.5% |
| Provisions and deferred taxes | 16 | - | €39,812 | +€39,812 | |
| Provisions for liabilities and charges | 160/5 | - | €39,812 | +€39,812 | |
| Environmental obligations | 163 | - | €39,812 | +€39,812 | |
| Amounts payable | 17/49 | €161,788 | €158,040 | -€3,748 | -2.3% |
| Amounts payable after more than one year | 17 | €139,661 | €124,346 | -€15,315 | -11.0% |
| Financial debts | 170/4 | €135,361 | €120,046 | -€15,315 | -11.3% |
| Other amounts payable | 178/9 | €4,300 | €4,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,389 | €31,957 | +€11,568 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €14,693 | €15,315 | +€622 | +4.2% |
| Trade debts | 44 | €594 | €484 | -€110 | -18.6% |
| Suppliers | 440/4 | €594 | €484 | -€110 | -18.6% |
| Taxes, remuneration and social security | 45 | €5,102 | €16,159 | +€11,057 | +217% |
| Taxes | 450/3 | €2,574 | €16,159 | +€13,585 | +528% |
| Remuneration and social security | 454/9 | €2,528 | - | -€2,528 | |
| Accrued charges and deferred income | 492/3 | €1,738 | €1,736 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,241 | €19,241 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €39,812 | +€39,812 | |
| Other operating charges | 640/8 | €3,942 | €4,054 | +€112 | +2.9% |
| Gross operating margin | 9900 | €57,714 | €339,209 | +€281,495 | +488% |
| Operating profit (loss) | 9901 | €34,531 | €276,102 | +€241,571 | +700% |
| Financial charges | 65/66B | €11,942 | €6,228 | -€5,714 | -47.9% |
| Recurring financial charges | 65 | €11,942 | €6,228 | -€5,714 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €22,589 | €269,874 | +€247,286 | +1,095% |
| Income taxes | 67/77 | €6,868 | €91,159 | +€84,291 | +1,227% |
| Profit (loss) for the period | 9904 | €15,720 | €178,715 | +€162,995 | +1,037% |
| Profit (loss) for the period to be appropriated | 9905 | €15,720 | €178,715 | +€162,995 | +1,037% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.