COBACH: 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.
COBACH
Largest movements
- Tangible fixed assets +€49,092
up €49,092 (+75.3%), from €65,162 to €114,254
of which Furniture and vehicles: +€51,931
- Cash -€43,953
down €43,953 (-32.2%), from €136,440 to €92,487
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€67,459)
- Deferred charges and accrued income +€4,469
up €4,469 (+165.8%), from €2,695 to €7,164
- Profit (loss) carried forward -€233,594
down €233,594 (-91.5%), from €255,391 to €21,798
- Other debts +€193,496
up €193,496 (+23228.8%), from €833 to €194,329
- Debts after one year +€25,987
up €25,987 (+131.4%), from €19,774 to €45,762
- Current portion of long-term debt +€16,803
up €16,803 (+130.2%), from €12,909 to €29,713
- Provisions +€9,570
up €9,570 (+17.8%), from €53,724 to €63,295
- Financial charges +€19,862
up €19,862 (+46.3%), from €42,887 to €62,748
- Taxes -€6,284
down €6,284 (-22.8%), from €27,600 to €21,316
- Gross operating margin -€5,977
down €5,977 (-3.3%), from €182,108 to €176,131
- Provisions +€4,251
up €4,251 (+79.9%), from €5,319 to €9,570
- Depreciation +€3,660
up €3,660 (+24.9%), from €14,707 to €18,367
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 | €364,940 | €373,736 | +€8,796 | +2.4% |
| Fixed assets | 21/28 | €65,162 | €114,254 | +€49,092 | +75.3% |
| Tangible fixed assets | 22/27 | €65,162 | €114,254 | +€49,092 | +75.3% |
| Furniture and vehicles | 24 | €37,026 | €88,957 | +€51,931 | +140.3% |
| Other tangible fixed assets | 26 | €28,136 | €25,298 | -€2,839 | -10.1% |
| Current assets | 29/58 | €299,778 | €259,482 | -€40,296 | -13.4% |
| Amounts receivable after more than one year | 29 | €80,011 | €80,000 | -€11 | 0.0% |
| Other amounts receivable | 291 | €80,011 | €80,000 | -€11 | 0.0% |
| Amounts receivable within one year | 40/41 | €80,632 | €79,831 | -€801 | -1.0% |
| Trade receivables | 40 | €65,473 | €63,747 | -€1,726 | -2.6% |
| Other amounts receivable | 41 | €15,159 | €16,084 | +€925 | +6.1% |
| Cash at bank and in hand | 54/58 | €136,440 | €92,487 | -€43,953 | -32.2% |
| Deferred charges and accrued income | 490/1 | €2,695 | €7,164 | +€4,469 | +165.8% |
| Total equity and liabilities | 10/49 | €364,940 | €373,736 | +€8,796 | +2.4% |
| Equity | 10/15 | €257,391 | €23,798 | -€233,594 | -90.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,391 | €21,798 | -€233,594 | -91.5% |
| Provisions and deferred taxes | 16 | €53,724 | €63,295 | +€9,570 | +17.8% |
| Provisions for liabilities and charges | 160/5 | €53,724 | €63,295 | +€9,570 | +17.8% |
| Environmental obligations | 163 | €53,724 | €63,295 | +€9,570 | +17.8% |
| Amounts payable | 17/49 | €53,824 | €286,643 | +€232,819 | +432.6% |
| Amounts payable after more than one year | 17 | €19,774 | €45,762 | +€25,987 | +131.4% |
| Financial debts | 170/4 | €19,774 | €45,762 | +€25,987 | +131.4% |
| Amounts payable within one year | 42/48 | €34,050 | €240,867 | +€206,817 | +607.4% |
| Current portion of amounts payable after more than one year | 42 | €12,909 | €29,713 | +€16,803 | +130.2% |
| Trade debts | 44 | €5,667 | €802 | -€4,865 | -85.8% |
| Suppliers | 440/4 | €5,667 | €802 | -€4,865 | -85.8% |
| Advances received on contracts in progress | 46 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €14,640 | €15,623 | +€983 | +6.7% |
| Taxes | 450/3 | €14,640 | €15,623 | +€983 | +6.7% |
| Other amounts payable | 47/48 | €833 | €194,329 | +€193,496 | +23228.8% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,707 | €18,367 | +€3,660 | +24.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,319 | €9,570 | +€4,251 | +79.9% |
| Other operating charges | 640/8 | €2,414 | €3,047 | +€634 | +26.3% |
| Gross operating margin | 9900 | €182,108 | €176,131 | -€5,977 | -3.3% |
| Operating profit (loss) | 9901 | €159,668 | €145,146 | -€14,522 | -9.1% |
| Financial income | 75/76B | €2,203 | €5,325 | +€3,122 | +141.7% |
| Recurring financial income | 75 | €2,203 | €5,325 | +€3,122 | +141.7% |
| Financial charges | 65/66B | €42,887 | €62,748 | +€19,862 | +46.3% |
| Recurring financial charges | 65 | €42,887 | €62,748 | +€19,862 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €118,985 | €87,723 | -€31,262 | -26.3% |
| Income taxes | 67/77 | €27,600 | €21,316 | -€6,284 | -22.8% |
| Profit (loss) for the period | 9904 | €91,385 | €66,406 | -€24,978 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,385 | €66,406 | -€24,978 | -27.3% |
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 10 October 2026 via checked.be.