Cognitum: what changed
Two fiscal 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.
Cognitum
Largest movements
- Cash -€32,966
down €32,966 (-55.0%), from €59,981 to €27,015
mainly Contributions, distributions and other (-€117,268) and Tax, wage and social debts (-€7,436)
- Receivables within one year -€12,463
down €12,463 (-45.7%), from €27,292 to €14,829
of which Trade receivables: -€12,467
- Tangible fixed assets -€3,228
down €3,228 (-62.5%), from €5,164 to €1,936
- Deferred charges and accrued income -€2,249
down €2,249 (-52.9%), from €4,249 to €2,000
- Reserves -€70,625
no longer reported in 2025 (was €70,625)
- Other debts +€24,936
up €24,936 (+459.9%), from €5,423 to €30,359
- Tax, wage and social debts -€7,436
down €7,436 (-39.9%), from €18,635 to €11,199
of which Taxes: -€7,236
- Trade debts +€2,218
up €2,218 (+64485.2%), from €3 to €2,222
- Gross operating margin +€14,197
up €14,197 (+30.3%), from €46,852 to €61,049
- Taxes +€3,023
up €3,023 (+33.5%), from €9,011 to €12,034
- Depreciation -€842
down €842 (-33.2%), from €2,537 to €1,695
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 | €96,686 | €45,780 | -€50,906 | -52.7% |
| Fixed assets | 21/28 | €5,164 | €1,936 | -€3,228 | -62.5% |
| Tangible fixed assets | 22/27 | €5,164 | €1,936 | -€3,228 | -62.5% |
| Plant, machinery and equipment | 23 | €5,164 | €1,936 | -€3,228 | -62.5% |
| Current assets | 29/58 | €91,522 | €43,844 | -€47,678 | -52.1% |
| Amounts receivable within one year | 40/41 | €27,292 | €14,829 | -€12,463 | -45.7% |
| Trade receivables | 40 | €27,244 | €14,777 | -€12,467 | -45.8% |
| Other amounts receivable | 41 | €47 | €52 | +€5 | +9.7% |
| Cash at bank and in hand | 54/58 | €59,981 | €27,015 | -€32,966 | -55.0% |
| Deferred charges and accrued income | 490/1 | €4,249 | €2,000 | -€2,249 | -52.9% |
| Total equity and liabilities | 10/49 | €96,686 | €45,780 | -€50,906 | -52.7% |
| Equity | 10/15 | €72,625 | €2,000 | -€70,625 | -97.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,625 | - | -€70,625 | |
| Distributable reserves | 133 | €70,625 | - | -€70,625 | |
| Amounts payable | 17/49 | €24,061 | €43,780 | +€19,719 | +82.0% |
| Amounts payable within one year | 42/48 | €24,061 | €43,780 | +€19,719 | +82.0% |
| Trade debts | 44 | €3 | €2,222 | +€2,218 | +64485.2% |
| Suppliers | 440/4 | €3 | €2,222 | +€2,218 | +64485.2% |
| Taxes, remuneration and social security | 45 | €18,635 | €11,199 | -€7,436 | -39.9% |
| Taxes | 450/3 | €16,035 | €8,799 | -€7,236 | -45.1% |
| Remuneration and social security | 454/9 | €2,600 | €2,400 | -€200 | -7.7% |
| Other amounts payable | 47/48 | €5,423 | €30,359 | +€24,936 | +459.9% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €1,695 | -€842 | -33.2% |
| Other operating charges | 640/8 | €678 | €619 | -€58 | -8.6% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €46,852 | €61,049 | +€14,197 | +30.3% |
| Operating profit (loss) | 9901 | €43,637 | €58,735 | +€15,098 | +34.6% |
| Financial income | 75/76B | €0 | €35 | +€35 | +7591.3% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +7591.3% |
| Financial charges | 65/66B | €92 | €93 | +€2 | +2.0% |
| Recurring financial charges | 65 | €92 | €93 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €43,546 | €58,677 | +€15,131 | +34.7% |
| Income taxes | 67/77 | €9,011 | €12,034 | +€3,023 | +33.5% |
| Profit (loss) for the period | 9904 | €34,535 | €46,643 | +€12,108 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,535 | €46,643 | +€12,108 | +35.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.