COBALT: 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.
COBALT
Largest movements
- Current investments -€8,809
down €8,809 (-100.0%), from €8,810 to €1
- Tangible fixed assets -€5,397
down €5,397 (-30.8%), from €17,532 to €12,135
of which Furniture and vehicles: -€7,889
- Receivables within one year +€810
up €810 (+3.8%), from €21,384 to €22,194
of which Trade receivables: +€825
- Other debts -€15,189
down €15,189 (-94.8%), from €16,015 to €826
- Profit (loss) carried forward +€3,660
up €3,660 (+25.9%), from €14,150 to €17,810
- Tax, wage and social debts -€1,623
down €1,623 (-17.6%), from €9,234 to €7,611
- Trade debts -€570
down €570 (-11.4%), from €4,995 to €4,425
- Gross operating margin -€13,235
down €13,235 (-44.9%), from €29,506 to €16,271
- Other operating charges -€2,052
down €2,052 (-78.8%), from €2,605 to €553
- Taxes -€1,409
down €1,409 (-32.0%), from €4,408 to €2,999
- Depreciation +€630
up €630 (+7.7%), from €8,185 to €8,815
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,394 | €35,672 | -€13,722 | -27.8% |
| Fixed assets | 21/28 | €17,532 | €12,135 | -€5,397 | -30.8% |
| Tangible fixed assets | 22/27 | €17,532 | €12,135 | -€5,397 | -30.8% |
| Plant, machinery and equipment | 23 | €1,750 | €1,068 | -€682 | -39.0% |
| Furniture and vehicles | 24 | €15,782 | €7,893 | -€7,889 | -50.0% |
| Other tangible fixed assets | 26 | - | €3,174 | +€3,174 | |
| Current assets | 29/58 | €31,862 | €23,537 | -€8,325 | -26.1% |
| Amounts receivable within one year | 40/41 | €21,384 | €22,194 | +€810 | +3.8% |
| Trade receivables | 40 | €21,369 | €22,194 | +€825 | +3.9% |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Current investments | 50/53 | €8,810 | €1 | -€8,809 | -100.0% |
| Cash at bank and in hand | 54/58 | €53 | €11 | -€42 | -79.2% |
| Deferred charges and accrued income | 490/1 | €1,615 | €1,331 | -€284 | -17.6% |
| Total equity and liabilities | 10/49 | €49,394 | €35,672 | -€13,722 | -27.8% |
| Equity | 10/15 | €19,150 | €22,810 | +€3,660 | +19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,150 | €17,810 | +€3,660 | +25.9% |
| Amounts payable | 17/49 | €30,244 | €12,862 | -€17,382 | -57.5% |
| Amounts payable within one year | 42/48 | €30,244 | €12,862 | -€17,382 | -57.5% |
| Trade debts | 44 | €4,995 | €4,425 | -€570 | -11.4% |
| Suppliers | 440/4 | €4,995 | €4,425 | -€570 | -11.4% |
| Taxes, remuneration and social security | 45 | €9,234 | €7,611 | -€1,623 | -17.6% |
| Taxes | 450/3 | €9,234 | €7,611 | -€1,623 | -17.6% |
| Other amounts payable | 47/48 | €16,015 | €826 | -€15,189 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,185 | €8,815 | +€630 | +7.7% |
| Other operating charges | 640/8 | €2,605 | €553 | -€2,052 | -78.8% |
| Gross operating margin | 9900 | €29,506 | €16,271 | -€13,235 | -44.9% |
| Operating profit (loss) | 9901 | €18,716 | €6,903 | -€11,813 | -63.1% |
| Financial charges | 65/66B | €158 | €244 | +€86 | +54.4% |
| Recurring financial charges | 65 | €158 | €244 | +€86 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €18,558 | €6,659 | -€11,899 | -64.1% |
| Income taxes | 67/77 | €4,408 | €2,999 | -€1,409 | -32.0% |
| Profit (loss) for the period | 9904 | €14,150 | €3,660 | -€10,490 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,150 | €3,660 | -€10,490 | -74.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.