COUGAR 7: 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.
COUGAR 7
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€7,363
down €7,363 (-10.8%), from -€68,084 to -€75,448
- Gross operating margin -€5,528
down €5,528 (-28.1%), from €19,689 to €14,161
- Depreciation +€832
up €832 (+6.0%), from €13,949 to €14,781
- Financial charges -€431
down €431 (-12.5%), from €3,433 to €3,002
- Other operating charges -€236
down €236 (-5.9%), from €3,993 to €3,757
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 | €428,907 | €421,006 | -€7,901 | -1.8% |
| Fixed assets | 21/28 | €417,761 | €418,360 | +€599 | +0.1% |
| Intangible fixed assets | 21 | €2,192 | €2,192 | = | 0.0% |
| Tangible fixed assets | 22/27 | €414,920 | €415,519 | +€599 | +0.1% |
| Land and buildings | 22 | €414,920 | €415,519 | +€599 | +0.1% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €11,145 | €2,646 | -€8,500 | -76.3% |
| Amounts receivable within one year | 40/41 | €2,177 | - | -€2,177 | |
| Trade receivables | 40 | €1,312 | - | -€1,312 | |
| Other amounts receivable | 41 | €866 | - | -€866 | |
| Current investments | 50/53 | €5,017 | €1,616 | -€3,400 | -67.8% |
| Cash at bank and in hand | 54/58 | €3,362 | €434 | -€2,927 | -87.1% |
| Deferred charges and accrued income | 490/1 | €590 | €595 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €428,907 | €421,006 | -€7,901 | -1.8% |
| Equity | 10/15 | €252,367 | €245,004 | -€7,363 | -2.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,084 | -€75,448 | -€7,363 | -10.8% |
| Amounts payable | 17/49 | €176,540 | €176,002 | -€537 | -0.3% |
| Amounts payable within one year | 42/48 | €176,540 | €176,002 | -€537 | -0.3% |
| Trade debts | 44 | €2,604 | €2,116 | -€488 | -18.7% |
| Suppliers | 440/4 | €2,604 | €2,116 | -€488 | -18.7% |
| Taxes, remuneration and social security | 45 | - | €607 | +€607 | |
| Taxes | 450/3 | - | €607 | +€607 | |
| Other amounts payable | 47/48 | €173,936 | €173,279 | -€657 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,949 | €14,781 | +€832 | +6.0% |
| Other operating charges | 640/8 | €3,993 | €3,757 | -€236 | -5.9% |
| Gross operating margin | 9900 | €19,689 | €14,161 | -€5,528 | -28.1% |
| Operating profit (loss) | 9901 | €1,747 | -€4,377 | -€6,124 | |
| Financial income | 75/76B | €2 | €23 | +€21 | +864% |
| Recurring financial income | 75 | €2 | €23 | +€21 | +864% |
| Financial charges | 65/66B | €3,433 | €3,002 | -€431 | -12.5% |
| Recurring financial charges | 65 | €3,433 | €3,002 | -€431 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,683 | -€7,357 | -€5,673 | -337% |
| Income taxes | 67/77 | €1 | €7 | +€6 | +866% |
| Profit (loss) for the period | 9904 | -€1,684 | -€7,363 | -€5,679 | -337% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,684 | -€7,363 | -€5,679 | -337% |
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 29 October 2026 via checked.be.