COGNISANT: what changed
Two financial 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.
COGNISANT
Largest movements
- Cash +€29,398
up €29,398 (+108%), from €27,157 to €56,555
mainly Net result for the year (+€61,279) and Depreciation (+€7,280)
- Receivables within one year +€16,708
up €16,708 (+122%), from €13,646 to €30,354
of which Trade receivables: +€8,680
- Tangible fixed assets -€7,280
down €7,280 (-20.8%), from €34,973 to €27,693
- Reserves +€61,279
up €61,279 (+73.3%), from €83,562 to €144,841
- Debts after one year -€20,631
down €20,631 (-19.3%), from €106,900 to €86,269
- Other debts -€7,526
down €7,526 (-100%), from €7,526 to €0
- Tax, wage and social debts +€5,249
up €5,249 (+53.9%), from €9,733 to €14,983
of which Taxes: +€3,555
- Gross operating margin +€60,134
up €60,134 (+101%), from €59,686 to €119,820
- Taxes +€15,770
up €15,770 (+177%), from €8,902 to €24,672
- Financial charges -€1,865
down €1,865 (-23.4%), from €7,955 to €6,090
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.
Derived cash bridge
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 | €257,459 | €296,428 | +€38,969 | +15.1% |
| Fixed assets | 21/28 | €214,973 | €207,693 | -€7,280 | -3.4% |
| Tangible fixed assets | 22/27 | €34,973 | €27,693 | -€7,280 | -20.8% |
| Plant, machinery and equipment | 23 | €21,692 | €18,732 | -€2,960 | -13.6% |
| Furniture and vehicles | 24 | €7,772 | €4,538 | -€3,235 | -41.6% |
| Other tangible fixed assets | 26 | €5,509 | €4,423 | -€1,085 | -19.7% |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €42,486 | €88,735 | +€46,249 | +109% |
| Amounts receivable within one year | 40/41 | €13,646 | €30,354 | +€16,708 | +122% |
| Trade receivables | 40 | €11,778 | €20,458 | +€8,680 | +73.7% |
| Other amounts receivable | 41 | €1,867 | €9,896 | +€8,028 | +430% |
| Cash at bank and in hand | 54/58 | €27,157 | €56,555 | +€29,398 | +108% |
| Deferred charges and accrued income | 490/1 | €1,683 | €1,826 | +€143 | +8.5% |
| Total equity and liabilities | 10/49 | €257,459 | €296,428 | +€38,969 | +15.1% |
| Equity | 10/15 | €89,762 | €151,041 | +€61,279 | +68.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,562 | €144,841 | +€61,279 | +73.3% |
| Distributable reserves | 133 | €83,562 | €144,841 | +€61,279 | +73.3% |
| Amounts payable | 17/49 | €167,697 | €145,387 | -€22,310 | -13.3% |
| Amounts payable after more than one year | 17 | €106,900 | €86,269 | -€20,631 | -19.3% |
| Financial debts | 170/4 | €106,900 | €86,269 | -€20,631 | -19.3% |
| Amounts payable within one year | 42/48 | €59,625 | €59,118 | -€508 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €19,715 | €20,631 | +€916 | +4.6% |
| Trade debts | 44 | €22,651 | €23,504 | +€853 | +3.8% |
| Suppliers | 440/4 | €22,651 | €23,504 | +€853 | +3.8% |
| Taxes, remuneration and social security | 45 | €9,733 | €14,983 | +€5,249 | +53.9% |
| Taxes | 450/3 | €4,790 | €8,345 | +€3,555 | +74.2% |
| Remuneration and social security | 454/9 | €4,943 | €6,637 | +€1,694 | +34.3% |
| Other amounts payable | 47/48 | €7,526 | €0 | -€7,526 | -100% |
| Accrued charges and deferred income | 492/3 | €1,171 | €0 | -€1,171 | -100% |
| Remuneration, social security and pensions | 62 | €19,603 | €19,531 | -€73 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,153 | €7,280 | +€127 | +1.8% |
| Other operating charges | 640/8 | €954 | €1,084 | +€130 | +13.6% |
| Gross operating margin | 9900 | €59,686 | €119,820 | +€60,134 | +101% |
| Operating profit (loss) | 9901 | €31,976 | €91,925 | +€59,949 | +187% |
| Financial income | 75/76B | €11 | €116 | +€105 | +984% |
| Recurring financial income | 75 | €11 | €116 | +€105 | +984% |
| Financial charges | 65/66B | €7,955 | €6,090 | -€1,865 | -23.4% |
| Recurring financial charges | 65 | €7,955 | €6,090 | -€1,865 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €24,032 | €85,951 | +€61,919 | +258% |
| Income taxes | 67/77 | €8,902 | €24,672 | +€15,770 | +177% |
| Profit (loss) for the period | 9904 | €15,130 | €61,279 | +€46,149 | +305% |
| Profit (loss) for the period to be appropriated | 9905 | €15,130 | €61,279 | +€46,149 | +305% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.