COGNOSCO: 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.
COGNOSCO
Largest movements
- Tangible fixed assets +€5,383
up €5,383 (+3.6%), from €150,667 to €156,050
of which Plant, machinery and equipment: +€7,489
- Cash -€5,075
down €5,075 (-4.5%), from €111,874 to €106,799
mainly Investment in fixed assets (net) (-€19,598) and Debts after one year (-€13,500)
- Reserves +€16,889
up €16,889 (+44.1%), from €38,315 to €55,204
- Debts after one year -€13,500
down €13,500 (-6.7%), from €201,261 to €187,761
- Gross operating margin -€2,746
down €2,746 (-6.0%), from €45,884 to €43,138
- Taxes -€1,240
down €1,240 (-13.6%), from €9,122 to €7,882
- Depreciation +€1,003
up €1,003 (+7.6%), from €13,213 to €14,216
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 | €264,177 | €266,495 | +€2,318 | +0.9% |
| Fixed assets | 21/28 | €150,717 | €156,100 | +€5,383 | +3.6% |
| Tangible fixed assets | 22/27 | €150,667 | €156,050 | +€5,383 | +3.6% |
| Land and buildings | 22 | €150,667 | €148,155 | -€2,512 | -1.7% |
| Plant, machinery and equipment | 23 | - | €7,489 | +€7,489 | |
| Furniture and vehicles | 24 | - | €406 | +€406 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €113,460 | €110,396 | -€3,064 | -2.7% |
| Amounts receivable within one year | 40/41 | €894 | €1,965 | +€1,071 | +119.8% |
| Trade receivables | 40 | €894 | €747 | -€147 | -16.5% |
| Other amounts receivable | 41 | - | €1,218 | +€1,218 | |
| Cash at bank and in hand | 54/58 | €111,874 | €106,799 | -€5,075 | -4.5% |
| Deferred charges and accrued income | 490/1 | €693 | €1,632 | +€939 | +135.6% |
| Total equity and liabilities | 10/49 | €264,177 | €266,495 | +€2,318 | +0.9% |
| Equity | 10/15 | €61,505 | €78,394 | +€16,889 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,315 | €55,204 | +€16,889 | +44.1% |
| Distributable reserves | 133 | €38,315 | €55,204 | +€16,889 | +44.1% |
| Profit (loss) carried forward | 14 | €4,591 | €4,591 | = | 0.0% |
| Amounts payable | 17/49 | €202,672 | €188,101 | -€14,571 | -7.2% |
| Amounts payable after more than one year | 17 | €201,261 | €187,761 | -€13,500 | -6.7% |
| Other amounts payable | 178/9 | €201,261 | €187,761 | -€13,500 | -6.7% |
| Amounts payable within one year | 42/48 | €1,411 | €340 | -€1,071 | -75.9% |
| Trade debts | 44 | €354 | €340 | -€14 | -4.0% |
| Suppliers | 440/4 | €354 | €340 | -€14 | -4.0% |
| Taxes, remuneration and social security | 45 | €1,057 | - | -€1,057 | |
| Taxes | 450/3 | €1,057 | - | -€1,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,213 | €14,216 | +€1,003 | +7.6% |
| Other operating charges | 640/8 | €3,852 | €3,993 | +€141 | +3.7% |
| Gross operating margin | 9900 | €45,884 | €43,138 | -€2,746 | -6.0% |
| Operating profit (loss) | 9901 | €28,819 | €24,930 | -€3,890 | -13.5% |
| Financial charges | 65/66B | €150 | €159 | +€8 | +5.5% |
| Recurring financial charges | 65 | €150 | €159 | +€8 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €28,669 | €24,771 | -€3,898 | -13.6% |
| Income taxes | 67/77 | €9,122 | €7,882 | -€1,240 | -13.6% |
| Profit (loss) for the period | 9904 | €19,547 | €16,889 | -€2,658 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,547 | €16,889 | -€2,658 | -13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.