STUDIO COUGNOU: 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.
STUDIO COUGNOU
Largest movements
- Receivables within one year +€15,616
new in 2025: €15,616
of which Trade receivables: +€11,638
- Cash -€9,397
down €9,397 (-56.9%), from €16,512 to €7,115
mainly Receivables within one year (-€15,616) and Investment in fixed assets (net) (-€4,352)
- Profit (loss) carried forward +€5,948
up €5,948 (+51.3%), from €11,587 to €17,536
- Trade debts +€1,107
up €1,107 (+87.4%), from €1,266 to €2,373
- Other debts -€593
no longer reported in 2025 (was €593)
- Gross operating margin -€7,450
down €7,450 (-34.7%), from €21,491 to €14,041
- Depreciation +€2,083
up €2,083 (+94.4%), from €2,206 to €4,289
- Taxes -€1,236
down €1,236 (-28.7%), from €4,301 to €3,066
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 | €24,280 | €30,569 | +€6,289 | +25.9% |
| Fixed assets | 21/28 | €7,608 | €7,671 | +€63 | +0.8% |
| Tangible fixed assets | 22/27 | €7,608 | €7,671 | +€63 | +0.8% |
| Furniture and vehicles | 24 | €7,608 | €7,671 | +€63 | +0.8% |
| Current assets | 29/58 | €16,672 | €22,898 | +€6,226 | +37.3% |
| Amounts receivable within one year | 40/41 | - | €15,616 | +€15,616 | |
| Trade receivables | 40 | - | €11,638 | +€11,638 | |
| Other amounts receivable | 41 | - | €3,978 | +€3,978 | |
| Cash at bank and in hand | 54/58 | €16,512 | €7,115 | -€9,397 | -56.9% |
| Deferred charges and accrued income | 490/1 | €159 | €167 | +€8 | +4.8% |
| Total equity and liabilities | 10/49 | €24,280 | €30,569 | +€6,289 | +25.9% |
| Equity | 10/15 | €13,587 | €19,536 | +€5,948 | +43.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,587 | €17,536 | +€5,948 | +51.3% |
| Amounts payable | 17/49 | €10,693 | €11,034 | +€341 | +3.2% |
| Amounts payable within one year | 42/48 | €10,693 | €11,034 | +€341 | +3.2% |
| Trade debts | 44 | €1,266 | €2,373 | +€1,107 | +87.4% |
| Suppliers | 440/4 | €1,266 | €2,373 | +€1,107 | +87.4% |
| Taxes, remuneration and social security | 45 | €8,833 | €8,661 | -€173 | -2.0% |
| Taxes | 450/3 | €8,833 | €8,661 | -€173 | -2.0% |
| Other amounts payable | 47/48 | €593 | - | -€593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €4,289 | +€2,083 | +94.4% |
| Other operating charges | 640/8 | €803 | €751 | -€51 | -6.4% |
| Gross operating margin | 9900 | €21,491 | €14,041 | -€7,450 | -34.7% |
| Operating profit (loss) | 9901 | €18,482 | €9,001 | -€9,481 | -51.3% |
| Financial income | 75/76B | €20 | €73 | +€53 | +268% |
| Recurring financial income | 75 | €20 | €73 | +€53 | +268% |
| Financial charges | 65/66B | €58 | €60 | +€2 | +3.5% |
| Recurring financial charges | 65 | €58 | €60 | +€2 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €18,444 | €9,014 | -€9,430 | -51.1% |
| Income taxes | 67/77 | €4,301 | €3,066 | -€1,236 | -28.7% |
| Profit (loss) for the period | 9904 | €14,143 | €5,948 | -€8,194 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,143 | €5,948 | -€8,194 | -57.9% |
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 20 October 2026 via checked.be.