CoBaKo: 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.
CoBaKo
Largest movements
- Cash +€88,796
up €88,796 (+79.1%), from €112,319 to €201,115
mainly Other debts (+€180,000) and Net result for the year (+€61,413)
- Receivables within one year +€56,919
up €56,919 (+205%), from €27,700 to €84,620
of which Other amounts receivable: +€72,189
- Tangible fixed assets -€39,443
down €39,443 (-85.5%), from €46,120 to €6,677
of which Furniture and vehicles: -€30,327
- Stocks and contracts -€22,249
no longer reported in 2025 (was €22,249)
- Deferred charges and accrued income -€4,874
down €4,874 (-34.5%), from €14,111 to €9,237
- Other debts +€180,000
new in 2025: €180,000
- Profit (loss) carried forward -€118,587
down €118,587 (-64.7%), from €183,375 to €64,788
- Debts after one year +€16,481
up €16,481 (+222%), from €7,410 to €23,891
- Trade debts -€6,946
down €6,946 (-82.2%), from €8,449 to €1,503
- Current portion of long-term debt +€6,456
up €6,456 (+143%), from €4,512 to €10,967
- Gross operating margin -€6,021
down €6,021 (-5.8%), from €103,883 to €97,861
- Taxes -€2,803
down €2,803 (-15.0%), from €18,699 to €15,896
- Depreciation -€2,047
down €2,047 (-21.8%), from €9,407 to €7,360
- Financial income +€1,112
up €1,112 (+498%), from €223 to €1,335
- Financial charges +€1,099
up €1,099 (+187%), from €587 to €1,687
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 | €223,062 | €301,986 | +€78,925 | +35.4% |
| Formation expenses | 20 | €562 | €337 | -€225 | -40.0% |
| Fixed assets | 21/28 | €46,120 | €6,677 | -€39,443 | -85.5% |
| Tangible fixed assets | 22/27 | €46,120 | €6,677 | -€39,443 | -85.5% |
| Plant, machinery and equipment | 23 | €10,022 | €906 | -€9,116 | -91.0% |
| Furniture and vehicles | 24 | €36,098 | €5,771 | -€30,327 | -84.0% |
| Current assets | 29/58 | €176,380 | €294,972 | +€118,592 | +67.2% |
| Stocks and contracts in progress | 3 | €22,249 | - | -€22,249 | |
| Stocks | 30/36 | €22,249 | - | -€22,249 | |
| Amounts receivable within one year | 40/41 | €27,700 | €84,620 | +€56,919 | +205% |
| Trade receivables | 40 | €23,527 | €8,258 | -€15,269 | -64.9% |
| Other amounts receivable | 41 | €4,173 | €76,362 | +€72,189 | +1,730% |
| Cash at bank and in hand | 54/58 | €112,319 | €201,115 | +€88,796 | +79.1% |
| Deferred charges and accrued income | 490/1 | €14,111 | €9,237 | -€4,874 | -34.5% |
| Total equity and liabilities | 10/49 | €223,062 | €301,986 | +€78,925 | +35.4% |
| Equity | 10/15 | €193,375 | €74,788 | -€118,587 | -61.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,375 | €64,788 | -€118,587 | -64.7% |
| Amounts payable | 17/49 | €29,686 | €227,198 | +€197,512 | +665% |
| Amounts payable after more than one year | 17 | €7,410 | €23,891 | +€16,481 | +222% |
| Financial debts | 170/4 | €7,410 | €23,891 | +€16,481 | +222% |
| Amounts payable within one year | 42/48 | €12,961 | €196,212 | +€183,251 | +1,414% |
| Current portion of amounts payable after more than one year | 42 | €4,512 | €10,967 | +€6,456 | +143% |
| Trade debts | 44 | €8,449 | €1,503 | -€6,946 | -82.2% |
| Suppliers | 440/4 | €8,449 | €1,503 | -€6,946 | -82.2% |
| Taxes, remuneration and social security | 45 | - | €3,741 | +€3,741 | |
| Taxes | 450/3 | - | €3,741 | +€3,741 | |
| Other amounts payable | 47/48 | - | €180,000 | +€180,000 | |
| Accrued charges and deferred income | 492/3 | €9,316 | €7,095 | -€2,220 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,407 | €7,360 | -€2,047 | -21.8% |
| Other operating charges | 640/8 | €493 | €755 | +€262 | +53.2% |
| Non-recurring operating charges | 66A | - | €12,086 | +€12,086 | |
| Gross operating margin | 9900 | €103,883 | €97,861 | -€6,021 | -5.8% |
| Operating profit (loss) | 9901 | €93,983 | €77,660 | -€16,323 | -17.4% |
| Financial income | 75/76B | €223 | €1,335 | +€1,112 | +498% |
| Recurring financial income | 75 | €223 | €1,335 | +€1,112 | +498% |
| Financial charges | 65/66B | €587 | €1,687 | +€1,099 | +187% |
| Recurring financial charges | 65 | €587 | €1,687 | +€1,099 | +187% |
| Profit (loss) for the period before taxes | 9903 | €93,619 | €77,309 | -€16,310 | -17.4% |
| Income taxes | 67/77 | €18,699 | €15,896 | -€2,803 | -15.0% |
| Profit (loss) for the period | 9904 | €74,920 | €61,413 | -€13,507 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,920 | €61,413 | -€13,507 | -18.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.