Cougemat: 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.
Cougemat
Largest movements
- Stocks and contracts -€40,828
down €40,828 (-3.7%), from €1.1m to €1.1m
- Cash +€30,215
up €30,215 (+56.8%), from €53,226 to €83,441
mainly Stocks and contracts (+€40,828) and Other debts (+€35,599)
- Tangible fixed assets -€20,140
down €20,140 (-22.3%), from €90,127 to €69,987
of which Furniture and vehicles: -€18,141
- Trade debts -€75,082
down €75,082 (-22.2%), from €338,520 to €263,438
- Other debts +€35,599
up €35,599 (+20.0%), from €177,572 to €213,171
- Tax, wage and social debts +€29,549
up €29,549 (+144%), from €20,561 to €50,110
of which Taxes: +€15,051
- Write-downs +€82,470
no longer reported in 2025 (was -€82,470)
- Other operating charges -€80,843
down €80,843 (-86.9%), from €93,007 to €12,164
- Gross operating margin -€30,481
down €30,481 (-6.4%), from €472,978 to €442,497
- Taxes -€7,325
down €7,325 (-61.5%), from €11,915 to €4,590
- Depreciation -€7,040
down €7,040 (-25.9%), from €27,180 to €20,140
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 | €1,401,588 | €1,382,576 | -€19,012 | -1.4% |
| Fixed assets | 21/28 | €109,667 | €89,527 | -€20,140 | -18.4% |
| Tangible fixed assets | 22/27 | €90,127 | €69,987 | -€20,140 | -22.3% |
| Land and buildings | 22 | €64,240 | €62,241 | -€1,999 | -3.1% |
| Furniture and vehicles | 24 | €25,887 | €7,746 | -€18,141 | -70.1% |
| Financial fixed assets | 28 | €19,540 | €19,540 | = | 0.0% |
| Current assets | 29/58 | €1,291,921 | €1,293,049 | +€1,128 | +0.1% |
| Stocks and contracts in progress | 3 | €1,103,945 | €1,063,117 | -€40,828 | -3.7% |
| Stocks | 30/36 | €1,103,945 | €1,063,117 | -€40,828 | -3.7% |
| Amounts receivable within one year | 40/41 | €127,077 | €133,593 | +€6,516 | +5.1% |
| Trade receivables | 40 | €119,952 | €132,367 | +€12,415 | +10.3% |
| Other amounts receivable | 41 | €7,125 | €1,226 | -€5,899 | -82.8% |
| Cash at bank and in hand | 54/58 | €53,226 | €83,441 | +€30,215 | +56.8% |
| Deferred charges and accrued income | 490/1 | €7,673 | €12,898 | +€5,225 | +68.1% |
| Total equity and liabilities | 10/49 | €1,401,588 | €1,382,576 | -€19,012 | -1.4% |
| Equity | 10/15 | €751,213 | €753,488 | +€2,275 | +0.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €68,983 | €68,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,380 | €36,380 | = | 0.0% |
| Distributable reserves | 133 | €26,406 | €26,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | €612,424 | €614,699 | +€2,275 | +0.4% |
| Investment grants | 15 | €7,833 | €7,833 | = | 0.0% |
| Provisions and deferred taxes | 16 | €19,540 | €19,540 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,540 | €19,540 | = | 0.0% |
| Other liabilities and charges | 164/5 | €19,540 | €19,540 | = | 0.0% |
| Amounts payable | 17/49 | €630,835 | €609,548 | -€21,287 | -3.4% |
| Amounts payable after more than one year | 17 | €82,829 | €74,368 | -€8,461 | -10.2% |
| Financial debts | 170/4 | €82,829 | €74,368 | -€8,461 | -10.2% |
| Amounts payable within one year | 42/48 | €547,792 | €535,180 | -€12,612 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €11,139 | €8,461 | -€2,678 | -24.0% |
| Trade debts | 44 | €338,520 | €263,438 | -€75,082 | -22.2% |
| Suppliers | 440/4 | €338,520 | €263,438 | -€75,082 | -22.2% |
| Taxes, remuneration and social security | 45 | €20,561 | €50,110 | +€29,549 | +144% |
| Taxes | 450/3 | €1,712 | €16,763 | +€15,051 | +879% |
| Remuneration and social security | 454/9 | €18,849 | €33,347 | +€14,498 | +76.9% |
| Other amounts payable | 47/48 | €177,572 | €213,171 | +€35,599 | +20.0% |
| Accrued charges and deferred income | 492/3 | €214 | - | -€214 | |
| Remuneration, social security and pensions | 62 | €384,252 | €391,163 | +€6,911 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,180 | €20,140 | -€7,040 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€82,470 | - | +€82,470 | |
| Other operating charges | 640/8 | €93,007 | €12,164 | -€80,843 | -86.9% |
| Gross operating margin | 9900 | €472,978 | €442,497 | -€30,481 | -6.4% |
| Operating profit (loss) | 9901 | €51,009 | €19,030 | -€31,979 | -62.7% |
| Financial income | 75/76B | €346 | €7 | -€339 | -98.0% |
| Recurring financial income | 75 | €346 | €7 | -€339 | -98.0% |
| Financial charges | 65/66B | €15,906 | €12,172 | -€3,734 | -23.5% |
| Recurring financial charges | 65 | €15,906 | €12,172 | -€3,734 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €35,449 | €6,865 | -€28,584 | -80.6% |
| Income taxes | 67/77 | €11,915 | €4,590 | -€7,325 | -61.5% |
| Profit (loss) for the period | 9904 | €23,534 | €2,275 | -€21,259 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,534 | €2,275 | -€21,259 | -90.3% |
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.