CoGNoX: 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.
CoGNoX
Largest movements
- Cash -€40,637
down €40,637 (-62.1%), from €65,456 to €24,820
mainly Tax, wage and social debts (-€27,064) and Net result for the year (-€21,238)
- Receivables within one year -€6,029
down €6,029 (-46.7%), from €12,897 to €6,868
of which Trade receivables: -€11,760
- Tangible fixed assets -€1,832
down €1,832 (-37.8%), from €4,851 to €3,019
- Tax, wage and social debts -€27,064
no longer reported in 2025 (was €27,064)
- Profit (loss) carried forward -€21,238
down €21,238 (-42.8%), from €49,563 to €28,325
- Gross operating margin -€93,396
down €93,396, from €73,831 to -€19,565
- Taxes -€15,251
no longer reported in 2025 (was €15,251)
- Depreciation +€1,187
up €1,187 (+184%), from €645 to €1,832
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 | €83,204 | €35,035 | -€48,170 | -57.9% |
| Fixed assets | 21/28 | €4,851 | €3,019 | -€1,832 | -37.8% |
| Tangible fixed assets | 22/27 | €4,851 | €3,019 | -€1,832 | -37.8% |
| Plant, machinery and equipment | 23 | €4,851 | €3,019 | -€1,832 | -37.8% |
| Current assets | 29/58 | €78,353 | €32,015 | -€46,338 | -59.1% |
| Amounts receivable within one year | 40/41 | €12,897 | €6,868 | -€6,029 | -46.7% |
| Trade receivables | 40 | €12,897 | €1,136 | -€11,760 | -91.2% |
| Other amounts receivable | 41 | - | €5,732 | +€5,732 | |
| Cash at bank and in hand | 54/58 | €65,456 | €24,820 | -€40,637 | -62.1% |
| Deferred charges and accrued income | 490/1 | - | €328 | +€328 | |
| Total equity and liabilities | 10/49 | €83,204 | €35,035 | -€48,170 | -57.9% |
| Equity | 10/15 | €54,563 | €33,325 | -€21,238 | -38.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,563 | €28,325 | -€21,238 | -42.8% |
| Amounts payable | 17/49 | €28,642 | €1,709 | -€26,932 | -94.0% |
| Amounts payable within one year | 42/48 | €28,642 | €1,709 | -€26,932 | -94.0% |
| Trade debts | 44 | €1,561 | €1,372 | -€188 | -12.1% |
| Suppliers | 440/4 | €1,561 | €1,372 | -€188 | -12.1% |
| Taxes, remuneration and social security | 45 | €27,064 | - | -€27,064 | |
| Taxes | 450/3 | €27,064 | - | -€27,064 | |
| Other amounts payable | 47/48 | €17 | €337 | +€320 | +1,853% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €1,832 | +€1,187 | +184% |
| Other operating charges | 640/8 | €321 | - | -€321 | |
| Gross operating margin | 9900 | €73,831 | -€19,565 | -€93,396 | |
| Operating profit (loss) | 9901 | €72,865 | -€21,397 | -€94,262 | |
| Financial income | 75/76B | - | €309 | +€309 | |
| Recurring financial income | 75 | - | €309 | +€309 | |
| Financial charges | 65/66B | €51 | €149 | +€98 | +192% |
| Recurring financial charges | 65 | €51 | €149 | +€98 | +192% |
| Profit (loss) for the period before taxes | 9903 | €72,814 | -€21,238 | -€94,052 | |
| Income taxes | 67/77 | €15,251 | - | -€15,251 | |
| Profit (loss) for the period | 9904 | €57,563 | -€21,238 | -€78,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,563 | -€21,238 | -€78,800 |
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 17 October 2026 via checked.be.