Cojak: 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.
Cojak
Largest movements
- Cash -€22,300
down €22,300 (-37.1%), from €60,161 to €37,861
mainly Net result for the year (-€11,955) and Trade debts (-€5,833)
- Reserves -€11,955
down €11,955 (-20.5%), from €58,200 to €46,245
of which Distributable reserves: -€11,955
- Trade debts -€5,833
down €5,833 (-70.9%), from €8,232 to €2,399
- Tax, wage and social debts -€2,343
down €2,343 (-84.5%), from €2,772 to €429
- Other debts -€1,515
down €1,515 (-96.3%), from €1,574 to €59
- Gross operating margin -€23,712
down €23,712, from €15,496 to -€8,216
- Taxes -€3,557
down €3,557 (-96.2%), from €3,698 to €141
- Other operating charges +€976
up €976 (+164.7%), from €593 to €1,569
- Depreciation -€705
down €705 (-25.3%), from €2,784 to €2,079
- Financial income +€220
up €220 (+379.7%), from €58 to €277
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 | €76,979 | €55,332 | -€21,647 | -28.1% |
| Fixed assets | 21/28 | €3,941 | €3,362 | -€579 | -14.7% |
| Tangible fixed assets | 22/27 | €3,941 | €3,362 | -€579 | -14.7% |
| Furniture and vehicles | 24 | €3,941 | €1,862 | -€2,079 | -52.7% |
| Other tangible fixed assets | 26 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €73,037 | €51,970 | -€21,068 | -28.8% |
| Amounts receivable within one year | 40/41 | €12,619 | €13,113 | +€494 | +3.9% |
| Trade receivables | 40 | €11,317 | €11,811 | +€494 | +4.4% |
| Other amounts receivable | 41 | €1,302 | €1,302 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €60,161 | €37,861 | -€22,300 | -37.1% |
| Deferred charges and accrued income | 490/1 | €258 | €996 | +€738 | +286.4% |
| Total equity and liabilities | 10/49 | €76,979 | €55,332 | -€21,647 | -28.1% |
| Equity | 10/15 | €64,400 | €52,445 | -€11,955 | -18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,200 | €46,245 | -€11,955 | -20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,340 | €44,385 | -€11,955 | -21.2% |
| Amounts payable | 17/49 | €12,578 | €2,887 | -€9,692 | -77.1% |
| Amounts payable within one year | 42/48 | €12,578 | €2,887 | -€9,692 | -77.1% |
| Trade debts | 44 | €8,232 | €2,399 | -€5,833 | -70.9% |
| Suppliers | 440/4 | €8,232 | €2,399 | -€5,833 | -70.9% |
| Taxes, remuneration and social security | 45 | €2,772 | €429 | -€2,343 | -84.5% |
| Taxes | 450/3 | €2,772 | €429 | -€2,343 | -84.5% |
| Other amounts payable | 47/48 | €1,574 | €59 | -€1,515 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,784 | €2,079 | -€705 | -25.3% |
| Other operating charges | 640/8 | €593 | €1,569 | +€976 | +164.7% |
| Gross operating margin | 9900 | €15,496 | -€8,216 | -€23,712 | |
| Operating profit (loss) | 9901 | €12,119 | -€11,864 | -€23,982 | |
| Financial income | 75/76B | €58 | €277 | +€220 | +379.7% |
| Recurring financial income | 75 | €58 | €277 | +€220 | +379.7% |
| Financial charges | 65/66B | €202 | €228 | +€26 | +13.0% |
| Recurring financial charges | 65 | €202 | €228 | +€26 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €11,975 | -€11,814 | -€23,789 | |
| Income taxes | 67/77 | €3,698 | €141 | -€3,557 | -96.2% |
| Profit (loss) for the period | 9904 | €8,277 | -€11,955 | -€20,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,277 | -€11,955 | -€20,232 |
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 10 October 2026 via checked.be.