COBADI: 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.
COBADI
Largest movements
- Tangible fixed assets -€38,839
down €38,839 (-8.8%), from €441,586 to €402,747
of which Land and buildings: -€33,302
- Profit (loss) carried forward -€22,448
down €22,448 (-26.0%), from -€86,268 to -€108,716
- Debts after one year -€19,231
down €19,231 (-7.8%), from €245,449 to €226,218
of which Financial debts: -€19,231
- Gross operating margin -€2,233
down €2,233 (-8.0%), from €27,781 to €25,548
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 | €452,494 | €414,999 | -€37,496 | -8.3% |
| Fixed assets | 21/28 | €441,586 | €402,747 | -€38,839 | -8.8% |
| Tangible fixed assets | 22/27 | €441,586 | €402,747 | -€38,839 | -8.8% |
| Land and buildings | 22 | €427,347 | €394,044 | -€33,302 | -7.8% |
| Plant, machinery and equipment | 23 | €14,239 | €8,703 | -€5,537 | -38.9% |
| Current assets | 29/58 | €10,908 | €12,252 | +€1,344 | +12.3% |
| Cash at bank and in hand | 54/58 | €10,908 | €12,252 | +€1,344 | +12.3% |
| Total equity and liabilities | 10/49 | €452,494 | €414,999 | -€37,496 | -8.3% |
| Equity | 10/15 | €164,164 | €141,417 | -€22,747 | -13.9% |
| Contributions | 10/11 | €47,285 | €47,285 | = | 0.0% |
| Reserves | 13 | €199,860 | €199,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,729 | - | -€4,729 | |
| Reserves not available under the articles | 1311 | €4,729 | - | -€4,729 | |
| Distributable reserves | 133 | €195,131 | €199,860 | +€4,729 | +2.4% |
| Profit (loss) carried forward | 14 | -€86,268 | -€108,716 | -€22,448 | -26.0% |
| Investment grants | 15 | €3,288 | €2,989 | -€299 | -9.1% |
| Amounts payable | 17/49 | €288,330 | €273,582 | -€14,749 | -5.1% |
| Amounts payable after more than one year | 17 | €245,449 | €226,218 | -€19,231 | -7.8% |
| Financial debts | 170/4 | €225,449 | €206,218 | -€19,231 | -8.5% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,881 | €47,364 | +€4,482 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €18,991 | €19,231 | +€240 | +1.3% |
| Trade debts | 44 | - | €3,205 | +€3,205 | |
| Suppliers | 440/4 | - | €3,205 | +€3,205 | |
| Taxes, remuneration and social security | 45 | €511 | €792 | +€281 | +55.1% |
| Taxes | 450/3 | €511 | €792 | +€281 | +55.1% |
| Other amounts payable | 47/48 | €23,380 | €24,135 | +€756 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,839 | €38,839 | = | 0.0% |
| Other operating charges | 640/8 | €5,316 | €5,375 | +€59 | +1.1% |
| Gross operating margin | 9900 | €27,781 | €25,548 | -€2,233 | -8.0% |
| Operating profit (loss) | 9901 | -€16,374 | -€18,666 | -€2,292 | -14.0% |
| Financial charges | 65/66B | €3,935 | €3,782 | -€153 | -3.9% |
| Recurring financial charges | 65 | €3,935 | €3,782 | -€153 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,309 | -€22,448 | -€2,139 | -10.5% |
| Profit (loss) for the period | 9904 | -€20,309 | -€22,448 | -€2,139 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,309 | -€22,448 | -€2,139 | -10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.