COB STUDIOS: 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.
COB STUDIOS
Largest movements
- Cash -€103,353
down €103,353 (-37.4%), from €276,130 to €172,777
mainly Trade debts (-€54,516) and Other debts (-€53,204)
- Tangible fixed assets -€47,389
down €47,389 (-21.4%), from €221,156 to €173,767
of which Other tangible fixed assets: -€39,304
- Receivables within one year -€28,603
down €28,603 (-24.3%), from €117,950 to €89,347
of which Trade receivables: -€28,635
- Trade debts -€54,516
down €54,516 (-84.0%), from €64,895 to €10,380
- Other debts -€53,204
down €53,204 (-98.0%), from €54,262 to €1,058
- Tax, wage and social debts -€47,235
down €47,235 (-69.1%), from €68,321 to €21,086
of which Taxes: -€45,278
- Profit (loss) carried forward -€17,330
down €17,330 (-4.4%), from €390,760 to €373,431
- Debts after one year -€7,194
down €7,194 (-27.2%), from €26,414 to €19,220
- Gross operating margin -€99,700
down €99,700 (-75.0%), from €132,920 to €33,219
- Taxes -€23,429
down €23,429, from €23,329 to -€100
- Depreciation +€3,017
up €3,017 (+6.8%), from €44,372 to €47,389
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 | €619,773 | €440,429 | -€179,345 | -28.9% |
| Fixed assets | 21/28 | €225,694 | €178,305 | -€47,389 | -21.0% |
| Tangible fixed assets | 22/27 | €221,156 | €173,767 | -€47,389 | -21.4% |
| Furniture and vehicles | 24 | €12,689 | €4,604 | -€8,085 | -63.7% |
| Other tangible fixed assets | 26 | €208,467 | €169,163 | -€39,304 | -18.9% |
| Financial fixed assets | 28 | €4,538 | €4,538 | = | 0.0% |
| Current assets | 29/58 | €394,080 | €262,124 | -€131,956 | -33.5% |
| Amounts receivable within one year | 40/41 | €117,950 | €89,347 | -€28,603 | -24.3% |
| Trade receivables | 40 | €117,950 | €89,315 | -€28,635 | -24.3% |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €276,130 | €172,777 | -€103,353 | -37.4% |
| Total equity and liabilities | 10/49 | €619,773 | €440,429 | -€179,345 | -28.9% |
| Equity | 10/15 | €398,820 | €381,491 | -€17,330 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €390,760 | €373,431 | -€17,330 | -4.4% |
| Amounts payable | 17/49 | €220,953 | €58,938 | -€162,015 | -73.3% |
| Amounts payable after more than one year | 17 | €26,414 | €19,220 | -€7,194 | -27.2% |
| Financial debts | 170/4 | €26,414 | €19,220 | -€7,194 | -27.2% |
| Amounts payable within one year | 42/48 | €194,539 | €39,718 | -€154,821 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €7,060 | €7,194 | +€134 | +1.9% |
| Trade debts | 44 | €64,895 | €10,380 | -€54,516 | -84.0% |
| Suppliers | 440/4 | €64,895 | €10,380 | -€54,516 | -84.0% |
| Taxes, remuneration and social security | 45 | €68,321 | €21,086 | -€47,235 | -69.1% |
| Taxes | 450/3 | €66,364 | €21,086 | -€45,278 | -68.2% |
| Remuneration and social security | 454/9 | €1,957 | - | -€1,957 | |
| Other amounts payable | 47/48 | €54,262 | €1,058 | -€53,204 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,372 | €47,389 | +€3,017 | +6.8% |
| Other operating charges | 640/8 | €604 | €1,481 | +€876 | +145.0% |
| Gross operating margin | 9900 | €132,920 | €33,219 | -€99,700 | -75.0% |
| Operating profit (loss) | 9901 | €87,943 | -€15,651 | -€103,594 | |
| Financial income | 75/76B | €12 | €182 | +€170 | +1463.3% |
| Recurring financial income | 75 | €12 | €182 | +€170 | +1463.3% |
| Financial charges | 65/66B | €1,790 | €1,961 | +€171 | +9.6% |
| Recurring financial charges | 65 | €1,790 | €1,961 | +€171 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €86,165 | -€17,430 | -€103,595 | |
| Income taxes | 67/77 | €23,329 | -€100 | -€23,429 | |
| Profit (loss) for the period | 9904 | €62,836 | -€17,330 | -€80,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,836 | -€17,330 | -€80,165 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.