KOGITO: 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.
KOGITO
Largest movements
- Tangible fixed assets +€40,724
up €40,724 (+482.0%), from €8,449 to €49,173
of which Furniture and vehicles: +€38,904
- Cash +€36,194
up €36,194 (+35.7%), from €101,441 to €137,635
mainly Net result for the year (+€47,567) and Other debts (+€28,653)
- Receivables within one year +€2,260
up €2,260 (+18.8%), from €12,024 to €14,285
- Other debts +€28,653
up €28,653 (+177.8%), from €16,117 to €44,770
- Debts after one year +€21,533
new in 2025: €21,533
- Tax, wage and social debts +€13,568
up €13,568 (+276.5%), from €4,908 to €18,476
of which Taxes: +€11,568
- Current portion of long-term debt +€13,112
new in 2025: €13,112
- Reserves +€9,091
up €9,091 (+50.0%), from €18,182 to €27,273
- Gross operating margin +€22,792
up €22,792 (+42.1%), from €54,093 to €76,886
- Depreciation +€8,495
up €8,495 (+306.6%), from €2,771 to €11,266
- Purchases and services -€5,200
down €5,200 (-6.0%), from €86,975 to €81,775
- Taxes +€3,433
up €3,433 (+30.6%), from €11,219 to €14,652
- Financial charges +€950
up €950 (+1035.4%), from €92 to €1,042
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 | €123,216 | €201,092 | +€77,876 | +63.2% |
| Fixed assets | 21/28 | €8,449 | €49,173 | +€40,724 | +482.0% |
| Tangible fixed assets | 22/27 | €8,449 | €49,173 | +€40,724 | +482.0% |
| Furniture and vehicles | 24 | €6,050 | €44,954 | +€38,904 | +643.1% |
| Other tangible fixed assets | 26 | €2,399 | €4,219 | +€1,820 | +75.9% |
| Current assets | 29/58 | €114,767 | €151,919 | +€37,152 | +32.4% |
| Amounts receivable within one year | 40/41 | €12,024 | €14,285 | +€2,260 | +18.8% |
| Trade receivables | 40 | €12,024 | €14,285 | +€2,260 | +18.8% |
| Cash at bank and in hand | 54/58 | €101,441 | €137,635 | +€36,194 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,302 | - | -€1,302 | |
| Total equity and liabilities | 10/49 | €123,216 | €201,092 | +€77,876 | +63.2% |
| Equity | 10/15 | €100,158 | €102,725 | +€2,567 | +2.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,182 | €27,273 | +€9,091 | +50.0% |
| Distributable reserves | 133 | €18,182 | €27,273 | +€9,091 | +50.0% |
| Profit (loss) carried forward | 14 | €79,476 | €72,953 | -€6,523 | -8.2% |
| Amounts payable | 17/49 | €23,058 | €98,367 | +€75,309 | +326.6% |
| Amounts payable after more than one year | 17 | - | €21,533 | +€21,533 | |
| Financial debts | 170/4 | - | €21,533 | +€21,533 | |
| Amounts payable within one year | 42/48 | €23,058 | €76,388 | +€53,330 | +231.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,112 | +€13,112 | |
| Trade debts | 44 | €2,033 | €30 | -€2,003 | -98.5% |
| Suppliers | 440/4 | €2,033 | €30 | -€2,003 | -98.5% |
| Taxes, remuneration and social security | 45 | €4,908 | €18,476 | +€13,568 | +276.5% |
| Taxes | 450/3 | €4,908 | €16,476 | +€11,568 | +235.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €16,117 | €44,770 | +€28,653 | +177.8% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,975 | €81,775 | -€5,200 | -6.0% |
| Remuneration, social security and pensions | 62 | €1,870 | €1,872 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,771 | €11,266 | +€8,495 | +306.6% |
| Other operating charges | 640/8 | €308 | €488 | +€180 | +58.3% |
| Gross operating margin | 9900 | €54,093 | €76,886 | +€22,792 | +42.1% |
| Operating profit (loss) | 9901 | €49,144 | €63,261 | +€14,117 | +28.7% |
| Financial charges | 65/66B | €92 | €1,042 | +€950 | +1035.4% |
| Recurring financial charges | 65 | €92 | €1,042 | +€950 | +1035.4% |
| Profit (loss) for the period before taxes | 9903 | €49,052 | €62,219 | +€13,167 | +26.8% |
| Income taxes | 67/77 | €11,219 | €14,652 | +€3,433 | +30.6% |
| Profit (loss) for the period | 9904 | €37,834 | €47,567 | +€9,734 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,834 | €47,567 | +€9,734 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.