CogniCodex: 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.
CogniCodex
Largest movements
- Cash +€43,292
up €43,292 (+65.5%), from €66,131 to €109,422
mainly Net result for the year (+€66,288) and Tax, wage and social debts (+€1,174)
- Current investments +€12,688
up €12,688 (+42.3%), from €30,000 to €42,688
- Receivables within one year +€8,828
up €8,828 (+2977.6%), from €296 to €9,124
of which Trade receivables: +€8,781
- Tangible fixed assets +€2,513
new in 2025: €2,513
- Reserves +€66,288
up €66,288 (+85.8%), from €77,220 to €143,507
- Gross operating margin +€7,871
up €7,871 (+10.4%), from €75,892 to €83,764
- Taxes +€1,553
up €1,553 (+10.2%), from €15,188 to €16,741
- Depreciation +€972
new in 2025: €972
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 | €96,427 | €163,747 | +€67,319 | +69.8% |
| Fixed assets | 21/28 | - | €2,513 | +€2,513 | |
| Tangible fixed assets | 22/27 | - | €2,513 | +€2,513 | |
| Plant, machinery and equipment | 23 | - | €2,513 | +€2,513 | |
| Current assets | 29/58 | €96,427 | €161,234 | +€64,807 | +67.2% |
| Amounts receivable within one year | 40/41 | €296 | €9,124 | +€8,828 | +2977.6% |
| Trade receivables | 40 | - | €8,781 | +€8,781 | |
| Other amounts receivable | 41 | €296 | €343 | +€46 | +15.7% |
| Current investments | 50/53 | €30,000 | €42,688 | +€12,688 | +42.3% |
| Cash at bank and in hand | 54/58 | €66,131 | €109,422 | +€43,292 | +65.5% |
| Total equity and liabilities | 10/49 | €96,427 | €163,747 | +€67,319 | +69.8% |
| Equity | 10/15 | €79,720 | €146,007 | +€66,288 | +83.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €77,220 | €143,507 | +€66,288 | +85.8% |
| Distributable reserves | 133 | €77,220 | €143,507 | +€66,288 | +85.8% |
| Amounts payable | 17/49 | €16,707 | €17,739 | +€1,032 | +6.2% |
| Amounts payable within one year | 42/48 | €16,707 | €17,739 | +€1,032 | +6.2% |
| Trade debts | 44 | €393 | €406 | +€12 | +3.2% |
| Suppliers | 440/4 | €393 | €406 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | €15,446 | €16,620 | +€1,174 | +7.6% |
| Taxes | 450/3 | €15,446 | €16,620 | +€1,174 | +7.6% |
| Other amounts payable | 47/48 | €868 | €714 | -€155 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €972 | +€972 | |
| Other operating charges | 640/8 | €284 | €120 | -€164 | -57.8% |
| Gross operating margin | 9900 | €75,892 | €83,764 | +€7,871 | +10.4% |
| Operating profit (loss) | 9901 | €75,608 | €82,671 | +€7,063 | +9.3% |
| Financial income | 75/76B | €3 | €402 | +€399 | +13314.3% |
| Recurring financial income | 75 | €3 | €402 | +€399 | +13314.3% |
| Financial charges | 65/66B | €15 | €45 | +€30 | +202.1% |
| Recurring financial charges | 65 | €15 | €45 | +€30 | +202.1% |
| Profit (loss) for the period before taxes | 9903 | €75,596 | €83,028 | +€7,432 | +9.8% |
| Income taxes | 67/77 | €15,188 | €16,741 | +€1,553 | +10.2% |
| Profit (loss) for the period | 9904 | €60,408 | €66,288 | +€5,880 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,408 | €66,288 | +€5,880 | +9.7% |
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 5 October 2026 via checked.be.