COGNIT: 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.
COGNIT
Largest movements
- Receivables within one year +€219,116
up €219,116 (+29.6%), from €740,437 to €959,553
of which Trade receivables: +€233,327
- Intangible fixed assets +€196,043
up €196,043 (+21.6%), from €908,930 to €1.1m
- Cash +€97,780
up €97,780 (+14.4%), from €680,971 to €778,751
mainly Depreciation (+€313,539) and Net result for the year (+€301,108)
- Profit (loss) carried forward +€301,108
up €301,108 (+15.9%), from €1.9m to €2.2m
- Tax, wage and social debts +€115,292
up €115,292 (+84.2%), from €136,996 to €252,288
of which Taxes: +€77,306
- Trade debts +€101,804
up €101,804 (+58.0%), from €175,594 to €277,399
- Staff costs +€389,056
up €389,056 (+46.2%), from €842,965 to €1.2m
- Gross operating margin +€215,384
up €215,384 (+12.4%), from €1.7m to €2.0m
- Depreciation +€95,235
up €95,235 (+43.6%), from €218,305 to €313,539
- Taxes +€42,118
up €42,118 (+106.9%), from €39,403 to €81,520
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 | €2,379,429 | €2,897,836 | +€518,407 | +21.8% |
| Fixed assets | 21/28 | €938,237 | €1,134,379 | +€196,142 | +20.9% |
| Intangible fixed assets | 21 | €908,930 | €1,104,972 | +€196,043 | +21.6% |
| Tangible fixed assets | 22/27 | €27,042 | €27,141 | +€99 | +0.4% |
| Plant, machinery and equipment | 23 | €335 | €0 | -€335 | -100.0% |
| Furniture and vehicles | 24 | €26,707 | €27,141 | +€434 | +1.6% |
| Financial fixed assets | 28 | €2,266 | €2,266 | = | 0.0% |
| Current assets | 29/58 | €1,441,192 | €1,763,456 | +€322,264 | +22.4% |
| Amounts receivable within one year | 40/41 | €740,437 | €959,553 | +€219,116 | +29.6% |
| Trade receivables | 40 | €710,840 | €944,167 | +€233,327 | +32.8% |
| Other amounts receivable | 41 | €29,597 | €15,386 | -€14,211 | -48.0% |
| Cash at bank and in hand | 54/58 | €680,971 | €778,751 | +€97,780 | +14.4% |
| Deferred charges and accrued income | 490/1 | €19,783 | €25,152 | +€5,369 | +27.1% |
| Total equity and liabilities | 10/49 | €2,379,429 | €2,897,836 | +€518,407 | +21.8% |
| Equity | 10/15 | €2,066,429 | €2,367,537 | +€301,108 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169,540 | €169,540 | = | 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% |
| Tax-exempt reserves | 132 | €167,680 | €167,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,890,689 | €2,191,797 | +€301,108 | +15.9% |
| Amounts payable | 17/49 | €313,000 | €530,299 | +€217,298 | +69.4% |
| Amounts payable within one year | 42/48 | €313,000 | €530,200 | +€217,200 | +69.4% |
| Trade debts | 44 | €175,594 | €277,399 | +€101,804 | +58.0% |
| Suppliers | 440/4 | €175,594 | €277,399 | +€101,804 | +58.0% |
| Taxes, remuneration and social security | 45 | €136,996 | €252,288 | +€115,292 | +84.2% |
| Taxes | 450/3 | €43,816 | €121,121 | +€77,306 | +176.4% |
| Remuneration and social security | 454/9 | €93,180 | €131,167 | +€37,987 | +40.8% |
| Other amounts payable | 47/48 | €410 | €513 | +€103 | +25.2% |
| Accrued charges and deferred income | 492/3 | - | €98 | +€98 | |
| Non-recurring operating income | 76A | - | €6,109 | +€6,109 | |
| Remuneration, social security and pensions | 62 | €842,965 | €1,232,022 | +€389,056 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,305 | €313,539 | +€95,235 | +43.6% |
| Other operating charges | 640/8 | €3,287 | €3,265 | -€21 | -0.7% |
| Gross operating margin | 9900 | €1,735,767 | €1,951,152 | +€215,384 | +12.4% |
| Operating profit (loss) | 9901 | €671,211 | €402,326 | -€268,885 | -40.1% |
| Financial income | 75/76B | €6,413 | €2,391 | -€4,023 | -62.7% |
| Recurring financial income | 75 | €6,413 | €2,391 | -€4,023 | -62.7% |
| Financial charges | 65/66B | €12,168 | €22,088 | +€9,919 | +81.5% |
| Recurring financial charges | 65 | €12,168 | €22,088 | +€9,919 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €665,456 | €382,629 | -€282,827 | -42.5% |
| Income taxes | 67/77 | €39,403 | €81,520 | +€42,118 | +106.9% |
| Profit (loss) for the period | 9904 | €626,053 | €301,108 | -€324,945 | -51.9% |
| Transfer to tax-exempt reserves | 689 | €138,930 | €0 | -€138,930 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €487,123 | €301,108 | -€186,015 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.