OFFICE COGEBRA: 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.
OFFICE COGEBRA
Largest movements
- Cash +€33,711
up €33,711 (+235%), from €14,319 to €48,030
mainly Receivables within one year (+€21,673) and Net result for the year (+€13,317)
- Receivables within one year -€21,673
down €21,673 (-33.3%), from €65,127 to €43,455
of which Trade receivables: -€34,284
- Financial fixed assets -€7,103
no longer reported in 2025 (was €7,103)
- Tangible fixed assets +€5,353
up €5,353 (+685%), from €782 to €6,135
- Reserves +€13,310
up €13,310 (+27.8%), from €47,899 to €61,209
of which Distributable reserves: +€15,169
- Tax, wage and social debts -€4,543
down €4,543 (-20.3%), from €22,382 to €17,839
of which Remuneration and social security: -€4,336
- Trade debts +€1,784
up €1,784 (+195%), from €913 to €2,697
- Gross operating margin -€7,658
down €7,658 (-6.8%), from €112,805 to €105,147
- Other operating charges -€5,504
down €5,504 (-65.6%), from €8,391 to €2,887
- Staff costs +€1,597
up €1,597 (+2.2%), from €74,231 to €75,828
- Depreciation +€1,142
up €1,142 (+103%), from €1,112 to €2,254
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 | €91,343 | €101,691 | +€10,349 | +11.3% |
| Fixed assets | 21/28 | €7,884 | €6,135 | -€1,750 | -22.2% |
| Tangible fixed assets | 22/27 | €782 | €6,135 | +€5,353 | +685% |
| Furniture and vehicles | 24 | €782 | €6,135 | +€5,353 | +685% |
| Financial fixed assets | 28 | €7,103 | - | -€7,103 | |
| Current assets | 29/58 | €83,458 | €95,557 | +€12,098 | +14.5% |
| Amounts receivable within one year | 40/41 | €65,127 | €43,455 | -€21,673 | -33.3% |
| Trade receivables | 40 | €63,823 | €29,539 | -€34,284 | -53.7% |
| Other amounts receivable | 41 | €1,304 | €13,915 | +€12,611 | +967% |
| Cash at bank and in hand | 54/58 | €14,319 | €48,030 | +€33,711 | +235% |
| Deferred charges and accrued income | 490/1 | €4,012 | €4,072 | +€60 | +1.5% |
| Total equity and liabilities | 10/49 | €91,343 | €101,691 | +€10,349 | +11.3% |
| Equity | 10/15 | €67,294 | €80,611 | +€13,317 | +19.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,899 | €61,209 | +€13,310 | +27.8% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €46,040 | €61,209 | +€15,169 | +32.9% |
| Profit (loss) carried forward | 14 | €803 | €810 | +€7 | +0.9% |
| Amounts payable | 17/49 | €24,049 | €21,081 | -€2,968 | -12.3% |
| Amounts payable within one year | 42/48 | €23,486 | €20,536 | -€2,950 | -12.6% |
| Trade debts | 44 | €913 | €2,697 | +€1,784 | +195% |
| Suppliers | 440/4 | €913 | €2,697 | +€1,784 | +195% |
| Taxes, remuneration and social security | 45 | €22,382 | €17,839 | -€4,543 | -20.3% |
| Taxes | 450/3 | €4,495 | €4,288 | -€207 | -4.6% |
| Remuneration and social security | 454/9 | €17,887 | €13,551 | -€4,336 | -24.2% |
| Other amounts payable | 47/48 | €191 | - | -€191 | |
| Accrued charges and deferred income | 492/3 | €563 | €545 | -€18 | -3.2% |
| Remuneration, social security and pensions | 62 | €74,231 | €75,828 | +€1,597 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €2,254 | +€1,142 | +103% |
| Other operating charges | 640/8 | €8,391 | €2,887 | -€5,504 | -65.6% |
| Gross operating margin | 9900 | €112,805 | €105,147 | -€7,658 | -6.8% |
| Operating profit (loss) | 9901 | €29,071 | €24,179 | -€4,892 | -16.8% |
| Financial income | 75/76B | €60 | €368 | +€308 | +512% |
| Recurring financial income | 75 | €60 | €368 | +€308 | +512% |
| Financial charges | 65/66B | €1,812 | €1,298 | -€514 | -28.4% |
| Recurring financial charges | 65 | €1,812 | €1,298 | -€514 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €27,320 | €23,250 | -€4,069 | -14.9% |
| Income taxes | 67/77 | €10,789 | €9,933 | -€856 | -7.9% |
| Profit (loss) for the period | 9904 | €16,530 | €13,317 | -€3,213 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,530 | €13,317 | -€3,213 | -19.4% |
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 14 October 2026 via checked.be.