COGNITIO: 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.
COGNITIO
Largest movements
- Receivables within one year +€31,873
up €31,873 (+498%), from €6,401 to €38,274
of which Trade receivables: +€28,161
- Tangible fixed assets +€22,306
up €22,306 (+16.4%), from €136,342 to €158,648
of which Furniture and vehicles: +€27,307
- Cash +€19,574
up €19,574 (+27.4%), from €71,437 to €91,011
mainly Net result for the year (+€29,870) and Trade debts (+€27,208)
- Profit (loss) carried forward +€29,870
up €29,870 (+35.2%), from €84,968 to €114,838
- Trade debts +€27,208
up €27,208 (+43,166%), from €63 to €27,271
- Debts after one year +€11,795
up €11,795 (+13.6%), from €86,700 to €98,495
- Current portion of long-term debt +€4,595
up €4,595 (+63.2%), from €7,265 to €11,860
- Financial charges -€51,999
down €51,999 (-94.6%), from €54,942 to €2,943
- Gross operating margin +€9,426
up €9,426 (+26.7%), from €35,262 to €44,688
- Other operating charges +€3,087
up €3,087 (+102%), from €3,017 to €6,104
- Depreciation +€664
up €664 (+12.5%), from €5,313 to €5,977
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 | €215,251 | €289,015 | +€73,764 | +34.3% |
| Fixed assets | 21/28 | €136,367 | €158,673 | +€22,306 | +16.4% |
| Tangible fixed assets | 22/27 | €136,342 | €158,648 | +€22,306 | +16.4% |
| Land and buildings | 22 | €135,234 | €130,233 | -€5,001 | -3.7% |
| Furniture and vehicles | 24 | €1,108 | €28,416 | +€27,307 | +2,463% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €78,884 | €130,341 | +€51,458 | +65.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,401 | €38,274 | +€31,873 | +498% |
| Trade receivables | 40 | €2,113 | €30,274 | +€28,161 | +1,333% |
| Other amounts receivable | 41 | €4,288 | €8,000 | +€3,712 | +86.6% |
| Cash at bank and in hand | 54/58 | €71,437 | €91,011 | +€19,574 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,046 | €1,057 | +€11 | +1.0% |
| Total equity and liabilities | 10/49 | €215,251 | €289,015 | +€73,764 | +34.3% |
| Equity | 10/15 | €105,428 | €135,298 | +€29,870 | +28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €84,968 | €114,838 | +€29,870 | +35.2% |
| Amounts payable | 17/49 | €109,823 | €153,717 | +€43,894 | +40.0% |
| Amounts payable after more than one year | 17 | €86,700 | €98,495 | +€11,795 | +13.6% |
| Financial debts | 170/4 | €86,700 | €98,495 | +€11,795 | +13.6% |
| Amounts payable within one year | 42/48 | €23,122 | €55,222 | +€32,099 | +139% |
| Current portion of amounts payable after more than one year | 42 | €7,265 | €11,860 | +€4,595 | +63.2% |
| Trade debts | 44 | €63 | €27,271 | +€27,208 | +43,166% |
| Suppliers | 440/4 | €63 | €27,271 | +€27,208 | +43,166% |
| Taxes, remuneration and social security | 45 | €0 | €296 | +€296 | |
| Taxes | 450/3 | €0 | €296 | +€296 | |
| Other amounts payable | 47/48 | €15,794 | €15,794 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,313 | €5,977 | +€664 | +12.5% |
| Other operating charges | 640/8 | €3,017 | €6,104 | +€3,087 | +102% |
| Gross operating margin | 9900 | €35,262 | €44,688 | +€9,426 | +26.7% |
| Operating profit (loss) | 9901 | €26,932 | €32,607 | +€5,675 | +21.1% |
| Financial income | 75/76B | €73 | €206 | +€133 | +182% |
| Recurring financial income | 75 | €73 | €206 | +€133 | +182% |
| Financial charges | 65/66B | €54,942 | €2,943 | -€51,999 | -94.6% |
| Recurring financial charges | 65 | €54,942 | €2,943 | -€51,999 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,937 | €29,870 | +€57,807 | |
| Profit (loss) for the period | 9904 | -€27,937 | €29,870 | +€57,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,937 | €29,870 | +€57,807 |
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 17 October 2026 via checked.be.