Cognitize: 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.
Cognitize
Largest movements
- Receivables within one year +€22,506
up €22,506 (+191.2%), from €11,772 to €34,278
of which Trade receivables: +€22,506
- Intangible fixed assets +€17,238
up €17,238 (+2410.0%), from €715 to €17,954
- Cash -€5,446
down €5,446 (-5.0%), from €109,946 to €104,499
mainly Other debts (-€35,852) and Investment in fixed assets (net) (-€24,325)
- Tangible fixed assets +€2,030
up €2,030 (+35.8%), from €5,671 to €7,701
of which Other tangible fixed assets: +€3,961
- Deferred charges and accrued income -€1,810
down €1,810 (-51.4%), from €3,518 to €1,708
- Reserves +€79,703
up €79,703 (+133.9%), from €59,520 to €139,223
- Other debts -€35,852
down €35,852 (-87.8%), from €40,853 to €5,001
- Current portion of long-term debt -€9,407
down €9,407 (-91.6%), from €10,269 to €862
- Gross operating margin +€48,870
up €48,870 (+76.3%), from €64,038 to €112,909
- Taxes +€10,942
up €10,942 (+66.5%), from €16,452 to €27,394
- Depreciation +€3,182
up €3,182 (+169.8%), from €1,874 to €5,056
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 | €131,622 | €166,140 | +€34,518 | +26.2% |
| Fixed assets | 21/28 | €6,386 | €25,654 | +€19,268 | +301.7% |
| Intangible fixed assets | 21 | €715 | €17,954 | +€17,238 | +2410.0% |
| Tangible fixed assets | 22/27 | €5,671 | €7,701 | +€2,030 | +35.8% |
| Furniture and vehicles | 24 | €5,047 | €3,115 | -€1,931 | -38.3% |
| Other tangible fixed assets | 26 | €624 | €4,585 | +€3,961 | +634.6% |
| Current assets | 29/58 | €125,236 | €140,486 | +€15,250 | +12.2% |
| Amounts receivable within one year | 40/41 | €11,772 | €34,278 | +€22,506 | +191.2% |
| Trade receivables | 40 | €9,002 | €31,508 | +€22,506 | +250.0% |
| Other amounts receivable | 41 | €2,770 | €2,770 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,946 | €104,499 | -€5,446 | -5.0% |
| Deferred charges and accrued income | 490/1 | €3,518 | €1,708 | -€1,810 | -51.4% |
| Total equity and liabilities | 10/49 | €131,622 | €166,140 | +€34,518 | +26.2% |
| Equity | 10/15 | €60,520 | €140,223 | +€79,703 | +131.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59,520 | €139,223 | +€79,703 | +133.9% |
| Distributable reserves | 133 | €59,520 | €139,223 | +€79,703 | +133.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,102 | €25,918 | -€45,185 | -63.5% |
| Amounts payable after more than one year | 17 | €862 | €0 | -€862 | -100.0% |
| Financial debts | 170/4 | €862 | €0 | -€862 | -100.0% |
| Amounts payable within one year | 42/48 | €70,240 | €25,918 | -€44,323 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €10,269 | €862 | -€9,407 | -91.6% |
| Trade debts | 44 | €1,155 | €1,114 | -€41 | -3.5% |
| Suppliers | 440/4 | €1,155 | €1,114 | -€41 | -3.5% |
| Taxes, remuneration and social security | 45 | €17,963 | €18,940 | +€977 | +5.4% |
| Taxes | 450/3 | €17,963 | €18,940 | +€977 | +5.4% |
| Other amounts payable | 47/48 | €40,853 | €5,001 | -€35,852 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €5,056 | +€3,182 | +169.8% |
| Other operating charges | 640/8 | €864 | €887 | +€23 | +2.6% |
| Gross operating margin | 9900 | €64,038 | €112,909 | +€48,870 | +76.3% |
| Operating profit (loss) | 9901 | €61,300 | €106,965 | +€45,666 | +74.5% |
| Financial income | 75/76B | €391 | €594 | +€203 | +51.9% |
| Recurring financial income | 75 | €391 | €594 | +€203 | +51.9% |
| Financial charges | 65/66B | €470 | €463 | -€7 | -1.5% |
| Recurring financial charges | 65 | €470 | €463 | -€7 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €61,221 | €107,097 | +€45,876 | +74.9% |
| Income taxes | 67/77 | €16,452 | €27,394 | +€10,942 | +66.5% |
| Profit (loss) for the period | 9904 | €44,769 | €79,703 | +€34,934 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,769 | €79,703 | +€34,934 | +78.0% |
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 12 October 2026 via checked.be.