MANAGEMENT COGGE: 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.
MANAGEMENT COGGE
Largest movements
- Current investments +€140,000
up €140,000 (+53.8%), from €260,000 to €400,000
- Cash -€61,085
down €61,085 (-11.4%), from €535,124 to €474,040
mainly Current investments (-€140,000) and Other debts (-€49,992)
- Reserves +€127,454
up €127,454 (+7.4%), from €1.7m to €1.9m
- Other debts -€49,992
down €49,992 (-32.3%), from €154,614 to €104,622
- Debts after one year -€33,909
down €33,909 (-12.2%), from €278,056 to €244,147
- Gross operating margin +€8,338
up €8,338 (+4.7%), from €176,852 to €185,190
- Financial income -€5,310
down €5,310 (-14.5%), from €36,701 to €31,391
- Depreciation +€3,812
up €3,812 (+16.8%), from €22,734 to €26,546
- Other operating charges +€2,448
up €2,448 (+96.7%), from €2,531 to €4,978
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 | €2,226,295 | €2,288,141 | +€61,846 | +2.8% |
| Fixed assets | 21/28 | €1,401,153 | €1,392,732 | -€8,421 | -0.6% |
| Tangible fixed assets | 22/27 | €1,101,153 | €1,092,732 | -€8,421 | -0.8% |
| Land and buildings | 22 | €1,071,936 | €1,050,475 | -€21,461 | -2.0% |
| Furniture and vehicles | 24 | €29,217 | €42,257 | +€13,040 | +44.6% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €825,142 | €895,409 | +€70,267 | +8.5% |
| Amounts receivable within one year | 40/41 | €14,365 | €0 | -€14,365 | -100% |
| Other amounts receivable | 41 | €14,365 | €0 | -€14,365 | -100% |
| Current investments | 50/53 | €260,000 | €400,000 | +€140,000 | +53.8% |
| Cash at bank and in hand | 54/58 | €535,124 | €474,040 | -€61,085 | -11.4% |
| Deferred charges and accrued income | 490/1 | €15,653 | €21,369 | +€5,716 | +36.5% |
| Total equity and liabilities | 10/49 | €2,226,295 | €2,288,141 | +€61,846 | +2.8% |
| Equity | 10/15 | €1,741,513 | €1,868,966 | +€127,454 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,722,913 | €1,850,366 | +€127,454 | +7.4% |
| Distributable reserves | 133 | €1,722,913 | €1,850,366 | +€127,454 | +7.4% |
| Amounts payable | 17/49 | €484,782 | €419,174 | -€65,608 | -13.5% |
| Amounts payable after more than one year | 17 | €278,056 | €244,147 | -€33,909 | -12.2% |
| Financial debts | 170/4 | €278,056 | €244,147 | -€33,909 | -12.2% |
| Amounts payable within one year | 42/48 | €206,726 | €171,880 | -€34,846 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €33,462 | €33,909 | +€447 | +1.3% |
| Trade debts | 44 | €3,400 | €1,786 | -€1,615 | -47.5% |
| Suppliers | 440/4 | €3,400 | €1,786 | -€1,615 | -47.5% |
| Taxes, remuneration and social security | 45 | €15,250 | €31,564 | +€16,314 | +107% |
| Taxes | 450/3 | €12,000 | €28,314 | +€16,314 | +136% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €154,614 | €104,622 | -€49,992 | -32.3% |
| Accrued charges and deferred income | 492/3 | €0 | €3,146 | +€3,146 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,734 | €26,546 | +€3,812 | +16.8% |
| Other operating charges | 640/8 | €2,531 | €4,978 | +€2,448 | +96.7% |
| Gross operating margin | 9900 | €176,852 | €185,190 | +€8,338 | +4.7% |
| Operating profit (loss) | 9901 | €151,588 | €153,666 | +€2,078 | +1.4% |
| Financial income | 75/76B | €36,701 | €31,391 | -€5,310 | -14.5% |
| Recurring financial income | 75 | €36,701 | €31,391 | -€5,310 | -14.5% |
| Financial charges | 65/66B | €4,472 | €4,032 | -€439 | -9.8% |
| Recurring financial charges | 65 | €4,472 | €4,032 | -€439 | -9.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €183,817 | €181,025 | -€2,792 | -1.5% |
| Income taxes | 67/77 | €55,055 | €53,571 | -€1,484 | -2.7% |
| Profit (loss) for the period | 9904 | €128,762 | €127,454 | -€1,308 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,762 | €127,454 | -€1,308 | -1.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.