COGNITA: 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.
COGNITA
Largest movements
- Tangible fixed assets -€40,544
down €40,544 (-9.9%), from €410,360 to €369,816
of which Land and buildings: -€33,517
- Current investments -€17,500
down €17,500 (-54.7%), from €32,000 to €14,500
- Profit (loss) carried forward -€34,660
down €34,660 (-23.8%), from €145,853 to €111,193
- Debts after one year -€20,442
down €20,442 (-67.8%), from €30,133 to €9,691
- Other operating charges +€4,518
up €4,518 (+85.8%), from €5,268 to €9,786
- Financial income -€3,075
down €3,075 (-89.8%), from €3,424 to €349
- Gross operating margin -€1,953
down €1,953 (-9.5%), from €20,643 to €18,690
- Financial charges -€702
down €702 (-34.7%), from €2,022 to €1,320
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 | €450,031 | €394,290 | -€55,741 | -12.4% |
| Fixed assets | 21/28 | €410,360 | €369,816 | -€40,544 | -9.9% |
| Tangible fixed assets | 22/27 | €410,360 | €369,816 | -€40,544 | -9.9% |
| Land and buildings | 22 | €384,242 | €350,725 | -€33,517 | -8.7% |
| Plant, machinery and equipment | 23 | €1,964 | €2,698 | +€734 | +37.4% |
| Furniture and vehicles | 24 | €24,154 | €16,393 | -€7,761 | -32.1% |
| Current assets | 29/58 | €39,671 | €24,474 | -€15,197 | -38.3% |
| Amounts receivable within one year | 40/41 | €783 | €431 | -€352 | -45.0% |
| Other amounts receivable | 41 | €783 | €431 | -€352 | -45.0% |
| Current investments | 50/53 | €32,000 | €14,500 | -€17,500 | -54.7% |
| Cash at bank and in hand | 54/58 | €3,415 | €6,160 | +€2,745 | +80.4% |
| Deferred charges and accrued income | 490/1 | €3,473 | €3,383 | -€90 | -2.6% |
| Total equity and liabilities | 10/49 | €450,031 | €394,290 | -€55,741 | -12.4% |
| Equity | 10/15 | €410,645 | €375,985 | -€34,660 | -8.4% |
| Contributions | 10/11 | €9,689 | €9,689 | = | 0.0% |
| Reserves | 13 | €255,103 | €255,103 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €248,603 | €248,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,853 | €111,193 | -€34,660 | -23.8% |
| Amounts payable | 17/49 | €39,386 | €18,305 | -€21,081 | -53.5% |
| Amounts payable after more than one year | 17 | €30,133 | €9,691 | -€20,442 | -67.8% |
| Financial debts | 170/4 | €30,133 | €9,691 | -€20,442 | -67.8% |
| Amounts payable within one year | 42/48 | €8,903 | €8,264 | -€639 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €7,601 | €7,942 | +€341 | +4.5% |
| Trade debts | 44 | €1,289 | €322 | -€967 | -75.0% |
| Suppliers | 440/4 | €1,289 | €322 | -€967 | -75.0% |
| Other amounts payable | 47/48 | €13 | - | -€13 | |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,445 | €41,534 | +€89 | +0.2% |
| Other operating charges | 640/8 | €5,268 | €9,786 | +€4,518 | +85.8% |
| Gross operating margin | 9900 | €20,643 | €18,690 | -€1,953 | -9.5% |
| Operating profit (loss) | 9901 | -€26,070 | -€32,630 | -€6,560 | -25.2% |
| Financial income | 75/76B | €3,424 | €349 | -€3,075 | -89.8% |
| Recurring financial income | 75 | €3,424 | €349 | -€3,075 | -89.8% |
| Financial charges | 65/66B | €2,022 | €1,320 | -€702 | -34.7% |
| Recurring financial charges | 65 | €2,022 | €1,320 | -€702 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,668 | -€33,601 | -€8,933 | -36.2% |
| Income taxes | 67/77 | €980 | €1,059 | +€79 | +8.1% |
| Profit (loss) for the period | 9904 | -€25,648 | -€34,660 | -€9,012 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,648 | -€34,660 | -€9,012 | -35.1% |
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 23 October 2026 via checked.be.