COB 23: 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.
COB 23
Largest movements
- Cash -€4,446
down €4,446 (-48.0%), from €9,259 to €4,813
mainly Current portion of long-term debt (-€6,879) and Debts after one year (-€5,027)
- Current portion of long-term debt -€6,879
down €6,879 (-57.8%), from €11,906 to €5,027
- Profit (loss) carried forward +€5,710
up €5,710 (+5.3%), from €107,183 to €112,893
- Debts after one year -€5,027
no longer reported in 2025 (was €5,027)
- Other debts +€3,595
up €3,595 (+12.3%), from €29,335 to €32,930
- Tax, wage and social debts -€2,688
down €2,688 (-28.5%), from €9,438 to €6,750
of which Remuneration and social security: -€2,100
- Gross operating margin -€3,785
down €3,785 (-21.8%), from €17,392 to €13,607
- Taxes -€1,410
down €1,410 (-33.2%), from €4,249 to €2,839
- Depreciation +€584
up €584 (+31.1%), from €1,876 to €2,459
- Other operating charges +€208
up €208 (+40.2%), from €518 to €727
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 | €183,829 | €179,001 | -€4,828 | -2.6% |
| Fixed assets | 21/28 | €164,908 | €163,397 | -€1,510 | -0.9% |
| Tangible fixed assets | 22/27 | €9,317 | €7,807 | -€1,510 | -16.2% |
| Plant, machinery and equipment | 23 | €513 | €266 | -€246 | -48.0% |
| Furniture and vehicles | 24 | €8,804 | €7,540 | -€1,264 | -14.4% |
| Financial fixed assets | 28 | €155,591 | €155,591 | = | 0.0% |
| Current assets | 29/58 | €18,921 | €15,603 | -€3,318 | -17.5% |
| Amounts receivable within one year | 40/41 | €8,231 | €8,557 | +€327 | +4.0% |
| Trade receivables | 40 | €8,188 | €7,878 | -€310 | -3.8% |
| Other amounts receivable | 41 | €43 | €680 | +€637 | +1,489% |
| Cash at bank and in hand | 54/58 | €9,259 | €4,813 | -€4,446 | -48.0% |
| Deferred charges and accrued income | 490/1 | €1,431 | €2,232 | +€801 | +56.0% |
| Total equity and liabilities | 10/49 | €183,829 | €179,001 | -€4,828 | -2.6% |
| Equity | 10/15 | €127,643 | €133,353 | +€5,710 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,183 | €112,893 | +€5,710 | +5.3% |
| Amounts payable | 17/49 | €56,186 | €45,648 | -€10,538 | -18.8% |
| Amounts payable after more than one year | 17 | €5,027 | - | -€5,027 | |
| Financial debts | 170/4 | €5,027 | - | -€5,027 | |
| Amounts payable within one year | 42/48 | €51,159 | €45,648 | -€5,511 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €11,906 | €5,027 | -€6,879 | -57.8% |
| Trade debts | 44 | €480 | €941 | +€461 | +96.1% |
| Suppliers | 440/4 | €480 | €941 | +€461 | +96.1% |
| Taxes, remuneration and social security | 45 | €9,438 | €6,750 | -€2,688 | -28.5% |
| Taxes | 450/3 | €7,338 | €6,750 | -€588 | -8.0% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €29,335 | €32,930 | +€3,595 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,876 | €2,459 | +€584 | +31.1% |
| Other operating charges | 640/8 | €518 | €727 | +€208 | +40.2% |
| Non-recurring operating charges | 66A | - | €751 | +€751 | |
| Gross operating margin | 9900 | €17,392 | €13,607 | -€3,785 | -21.8% |
| Operating profit (loss) | 9901 | €14,999 | €9,671 | -€5,328 | -35.5% |
| Financial charges | 65/66B | €1,250 | €1,121 | -€129 | -10.3% |
| Recurring financial charges | 65 | €1,250 | €1,121 | -€129 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €13,748 | €8,550 | -€5,199 | -37.8% |
| Income taxes | 67/77 | €4,249 | €2,839 | -€1,410 | -33.2% |
| Profit (loss) for the period | 9904 | €9,499 | €5,710 | -€3,789 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,499 | €5,710 | -€3,789 | -39.9% |
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 21 October 2026 via checked.be.