COGNITOO: 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.
COGNITOO
Largest movements
- Cash +€24,945
up €24,945 (+112%), from €22,281 to €47,226
mainly Net result for the year (+€62,499) and Depreciation (+€29,826)
- Current investments +€7,144
up €7,144 (+21.8%), from €32,711 to €39,855
- Reserves +€62,499
up €62,499 (+53.6%), from €116,582 to €179,081
- Debts after one year -€23,554
down €23,554 (-5.7%), from €412,960 to €389,406
- Current portion of long-term debt -€8,080
down €8,080 (-25.8%), from €31,295 to €23,215
- Tax, wage and social debts +€6,343
up €6,343 (+137%), from €4,638 to €10,981
- Gross operating margin +€26,446
up €26,446 (+29.7%), from €89,121 to €115,567
- Taxes +€6,085
up €6,085 (+69.0%), from €8,818 to €14,904
- Financial income +€5,190
up €5,190 (+790%), from €657 to €5,847
- Depreciation -€3,027
down €3,027 (-9.2%), from €32,853 to €29,826
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 | €600,224 | €629,780 | +€29,556 | +4.9% |
| Fixed assets | 21/28 | €519,811 | €515,723 | -€4,087 | -0.8% |
| Tangible fixed assets | 22/27 | €519,811 | €515,723 | -€4,087 | -0.8% |
| Land and buildings | 22 | €498,261 | €484,314 | -€13,947 | -2.8% |
| Furniture and vehicles | 24 | €18,810 | €12,580 | -€6,230 | -33.1% |
| Other tangible fixed assets | 26 | €2,739 | €18,830 | +€16,090 | +587% |
| Current assets | 29/58 | €80,413 | €114,057 | +€33,643 | +41.8% |
| Amounts receivable within one year | 40/41 | €21,081 | €25,630 | +€4,549 | +21.6% |
| Trade receivables | 40 | €16,649 | €21,901 | +€5,252 | +31.5% |
| Other amounts receivable | 41 | €4,432 | €3,729 | -€702 | -15.8% |
| Current investments | 50/53 | €32,711 | €39,855 | +€7,144 | +21.8% |
| Cash at bank and in hand | 54/58 | €22,281 | €47,226 | +€24,945 | +112% |
| Deferred charges and accrued income | 490/1 | €4,341 | €1,346 | -€2,995 | -69.0% |
| Total equity and liabilities | 10/49 | €600,224 | €629,780 | +€29,556 | +4.9% |
| Equity | 10/15 | €135,182 | €197,681 | +€62,499 | +46.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,582 | €179,081 | +€62,499 | +53.6% |
| Distributable reserves | 133 | €116,582 | €179,081 | +€62,499 | +53.6% |
| Amounts payable | 17/49 | €465,042 | €432,099 | -€32,943 | -7.1% |
| Amounts payable after more than one year | 17 | €412,960 | €389,406 | -€23,554 | -5.7% |
| Financial debts | 170/4 | €412,960 | €389,406 | -€23,554 | -5.7% |
| Amounts payable within one year | 42/48 | €51,906 | €42,693 | -€9,213 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €31,295 | €23,215 | -€8,080 | -25.8% |
| Trade debts | 44 | €5,609 | €835 | -€4,775 | -85.1% |
| Suppliers | 440/4 | €5,609 | €835 | -€4,775 | -85.1% |
| Taxes, remuneration and social security | 45 | €4,638 | €10,981 | +€6,343 | +137% |
| Taxes | 450/3 | €4,638 | €10,981 | +€6,343 | +137% |
| Other amounts payable | 47/48 | €10,365 | €7,663 | -€2,702 | -26.1% |
| Accrued charges and deferred income | 492/3 | €175 | - | -€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,853 | €29,826 | -€3,027 | -9.2% |
| Other operating charges | 640/8 | €437 | €750 | +€312 | +71.4% |
| Gross operating margin | 9900 | €89,121 | €115,567 | +€26,446 | +29.7% |
| Operating profit (loss) | 9901 | €55,830 | €84,991 | +€29,161 | +52.2% |
| Financial income | 75/76B | €657 | €5,847 | +€5,190 | +790% |
| Recurring financial income | 75 | €657 | €5,847 | +€5,190 | +790% |
| Financial charges | 65/66B | €13,427 | €13,436 | +€8 | +0.1% |
| Recurring financial charges | 65 | €13,427 | €13,436 | +€8 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €43,060 | €77,402 | +€34,343 | +79.8% |
| Income taxes | 67/77 | €8,818 | €14,904 | +€6,085 | +69.0% |
| Profit (loss) for the period | 9904 | €34,242 | €62,499 | +€28,257 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,242 | €62,499 | +€28,257 | +82.5% |
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 25 October 2026 via checked.be.