COBALIMMO: 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.
COBALIMMO
Largest movements
- Tangible fixed assets +€5,932
up €5,932 (+2.7%), from €216,247 to €222,179
of which Plant, machinery and equipment: +€25,511
- Other debts +€206,729
up €206,729 (+43.2%), from €478,457 to €685,186
- Current portion of long-term debt -€200,000
no longer reported in 2025 (was €200,000)
- Accrued charges and deferred income -€3,912
no longer reported in 2025 (was €3,912)
- Profit (loss) carried forward +€3,453
up €3,453 (+0.6%), from -€592,510 to -€589,058
- Other operating charges -€43,883
down €43,883 (-90.7%), from €48,403 to €4,520
- Write-downs +€40,547
no longer reported in 2025 (was -€40,547)
- Financial charges -€11,977
down €11,977 (-81.4%), from €14,722 to €2,744
- Gross operating margin -€2,431
down €2,431 (-6.7%), from €36,479 to €34,048
- Depreciation -€2,376
down €2,376 (-9.2%), from €25,706 to €23,331
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 | €217,383 | €224,968 | +€7,585 | +3.5% |
| Fixed assets | 21/28 | €216,247 | €222,179 | +€5,932 | +2.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €216,247 | €222,179 | +€5,932 | +2.7% |
| Land and buildings | 22 | €193,591 | €176,327 | -€17,263 | -8.9% |
| Plant, machinery and equipment | 23 | €17,261 | €42,772 | +€25,511 | +147.8% |
| Furniture and vehicles | 24 | €5,395 | €3,079 | -€2,316 | -42.9% |
| Current assets | 29/58 | €1,136 | €2,789 | +€1,653 | +145.5% |
| Amounts receivable within one year | 40/41 | - | €453 | +€453 | |
| Trade receivables | 40 | - | €453 | +€453 | |
| Cash at bank and in hand | 54/58 | €266 | €686 | +€420 | +158.2% |
| Deferred charges and accrued income | 490/1 | €871 | €1,650 | +€780 | +89.6% |
| Total equity and liabilities | 10/49 | €217,383 | €224,968 | +€7,585 | +3.5% |
| Equity | 10/15 | -€465,456 | -€462,003 | +€3,453 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €65,054 | €65,054 | = | 0.0% |
| Distributable reserves | 133 | €65,054 | €65,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€592,510 | -€589,058 | +€3,453 | +0.6% |
| Amounts payable | 17/49 | €682,839 | €686,971 | +€4,132 | +0.6% |
| Amounts payable within one year | 42/48 | €678,927 | €686,971 | +€8,045 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €470 | €1,785 | +€1,315 | +280.0% |
| Suppliers | 440/4 | €470 | €1,785 | +€1,315 | +280.0% |
| Other amounts payable | 47/48 | €478,457 | €685,186 | +€206,729 | +43.2% |
| Accrued charges and deferred income | 492/3 | €3,912 | - | -€3,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,706 | €23,331 | -€2,376 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€40,547 | - | +€40,547 | |
| Other operating charges | 640/8 | €48,403 | €4,520 | -€43,883 | -90.7% |
| Gross operating margin | 9900 | €36,479 | €34,048 | -€2,431 | -6.7% |
| Operating profit (loss) | 9901 | €2,916 | €6,197 | +€3,281 | +112.5% |
| Financial charges | 65/66B | €14,722 | €2,744 | -€11,977 | -81.4% |
| Recurring financial charges | 65 | €14,722 | €2,744 | -€11,977 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,805 | €3,453 | +€15,258 | |
| Profit (loss) for the period | 9904 | -€11,805 | €3,453 | +€15,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,805 | €3,453 | +€15,258 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.