Cognizone: 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.
Cognizone
Largest movements
- Deferred charges and accrued income +€295,199
up €295,199 (+335%), from €88,028 to €383,227
- Cash +€168,612
up €168,612 (+25.7%), from €656,257 to €824,869
mainly Net result for the year (+€308,124) and Short-term financial debts (+€202,396)
- Receivables within one year +€106,070
up €106,070 (+9.8%), from €1.1m to €1.2m
of which Trade receivables: +€155,578
- Reserves +€308,124
up €308,124 (+33.3%), from €926,330 to €1.2m
of which Distributable reserves: +€308,124
- Short-term financial debts +€202,396
up €202,396 (+101%), from €200,000 to €402,396
- Trade debts +€56,728
up €56,728 (+14.5%), from €390,973 to €447,701
- Gross operating margin +€453,158
up €453,158 (+51.9%), from €873,590 to €1.3m
- Staff costs +€89,398
up €89,398 (+11.3%), from €791,844 to €881,242
- Taxes +€85,282
up €85,282 (+364%), from €23,398 to €108,679
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,993,236 | €2,564,842 | +€571,606 | +28.7% |
| Fixed assets | 21/28 | €50,698 | €52,423 | +€1,725 | +3.4% |
| Tangible fixed assets | 22/27 | €12,101 | €10,426 | -€1,675 | -13.8% |
| Furniture and vehicles | 24 | €12,101 | €10,426 | -€1,675 | -13.8% |
| Financial fixed assets | 28 | €38,597 | €41,997 | +€3,400 | +8.8% |
| Current assets | 29/58 | €1,942,538 | €2,512,419 | +€569,881 | +29.3% |
| Amounts receivable within one year | 40/41 | €1,085,681 | €1,191,751 | +€106,070 | +9.8% |
| Trade receivables | 40 | €999,093 | €1,154,671 | +€155,578 | +15.6% |
| Other amounts receivable | 41 | €86,589 | €37,080 | -€49,509 | -57.2% |
| Current investments | 50/53 | €112,571 | €112,571 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €656,257 | €824,869 | +€168,612 | +25.7% |
| Deferred charges and accrued income | 490/1 | €88,028 | €383,227 | +€295,199 | +335% |
| Total equity and liabilities | 10/49 | €1,993,236 | €2,564,842 | +€571,606 | +28.7% |
| Equity | 10/15 | €950,330 | €1,258,454 | +€308,124 | +32.4% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €926,330 | €1,234,454 | +€308,124 | +33.3% |
| Non-distributable reserves | 130/1 | €112,571 | €112,571 | = | 0.0% |
| Own shares acquired | 1312 | €112,571 | €112,571 | = | 0.0% |
| Distributable reserves | 133 | €813,759 | €1,121,883 | +€308,124 | +37.9% |
| Amounts payable | 17/49 | €1,042,906 | €1,306,387 | +€263,481 | +25.3% |
| Amounts payable within one year | 42/48 | €1,042,906 | €1,306,387 | +€263,481 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €33,260 | €47,489 | +€14,229 | +42.8% |
| Financial debts | 43 | €200,000 | €402,396 | +€202,396 | +101% |
| Credit institutions | 430/8 | €200,000 | €402,396 | +€202,396 | +101% |
| Trade debts | 44 | €390,973 | €447,701 | +€56,728 | +14.5% |
| Suppliers | 440/4 | €390,973 | €447,701 | +€56,728 | +14.5% |
| Advances received on contracts in progress | 46 | €243,000 | €218,700 | -€24,300 | -10.0% |
| Taxes, remuneration and social security | 45 | €175,673 | €190,101 | +€14,428 | +8.2% |
| Taxes | 450/3 | €32,571 | €33,309 | +€738 | +2.3% |
| Remuneration and social security | 454/9 | €143,102 | €156,793 | +€13,691 | +9.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €791,844 | €881,242 | +€89,398 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,492 | €7,583 | +€2,091 | +38.1% |
| Other operating charges | 640/8 | €1,410 | €1,244 | -€165 | -11.7% |
| Gross operating margin | 9900 | €873,590 | €1,326,748 | +€453,158 | +51.9% |
| Operating profit (loss) | 9901 | €74,846 | €436,679 | +€361,834 | +483% |
| Financial income | 75/76B | €9,680 | €5,142 | -€4,538 | -46.9% |
| Recurring financial income | 75 | €9,680 | €5,142 | -€4,538 | -46.9% |
| Financial charges | 65/66B | €16,393 | €25,017 | +€8,625 | +52.6% |
| Recurring financial charges | 65 | €16,393 | €25,017 | +€8,625 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €68,133 | €416,804 | +€348,671 | +512% |
| Income taxes | 67/77 | €23,398 | €108,679 | +€85,282 | +364% |
| Profit (loss) for the period | 9904 | €44,735 | €308,124 | +€263,389 | +589% |
| Profit (loss) for the period to be appropriated | 9905 | €44,735 | €308,124 | +€263,389 | +589% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.