COBALT CONSULTING: 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.
COBALT CONSULTING
Largest movements
- Current investments +€19,060
up €19,060 (+191%), from €10,000 to €29,060
- Cash +€10,364
up €10,364 (+38.3%), from €27,027 to €37,390
mainly Net result for the year (+€36,489) and Depreciation (+€15,589)
- Tangible fixed assets -€6,959
down €6,959 (-19.9%), from €34,949 to €27,990
of which Furniture and vehicles: -€8,350
- Receivables within one year -€6,700
down €6,700 (-50.7%), from €13,225 to €6,525
of which Trade receivables: -€7,958
- Other debts +€11,294
up €11,294 (+50.2%), from €22,500 to €33,794
- Tax, wage and social debts +€4,213
up €4,213 (+84.6%), from €4,981 to €9,194
of which Taxes: +€4,135
- Current portion of long-term debt -€1,781
no longer reported in 2025 (was €1,781)
- Trade debts +€1,770
new in 2025: €1,770
- Profit (loss) carried forward +€1,195
up €1,195 (+9.2%), from €12,939 to €14,134
- Gross operating margin +€14,280
up €14,280 (+26.4%), from €54,044 to €68,324
- Taxes +€2,660
up €2,660 (+21.9%), from €12,169 to €14,829
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 | €85,201 | €101,892 | +€16,691 | +19.6% |
| Fixed assets | 21/28 | €34,949 | €27,990 | -€6,959 | -19.9% |
| Tangible fixed assets | 22/27 | €34,949 | €27,990 | -€6,959 | -19.9% |
| Land and buildings | 22 | - | €698 | +€698 | |
| Plant, machinery and equipment | 23 | €2,842 | €3,535 | +€693 | +24.4% |
| Furniture and vehicles | 24 | €32,107 | €23,757 | -€8,350 | -26.0% |
| Current assets | 29/58 | €50,252 | €73,902 | +€23,650 | +47.1% |
| Amounts receivable within one year | 40/41 | €13,225 | €6,525 | -€6,700 | -50.7% |
| Trade receivables | 40 | €7,958 | - | -€7,958 | |
| Other amounts receivable | 41 | €5,267 | €6,525 | +€1,259 | +23.9% |
| Current investments | 50/53 | €10,000 | €29,060 | +€19,060 | +191% |
| Cash at bank and in hand | 54/58 | €27,027 | €37,390 | +€10,364 | +38.3% |
| Deferred charges and accrued income | 490/1 | - | €926 | +€926 | |
| Total equity and liabilities | 10/49 | €85,201 | €101,892 | +€16,691 | +19.6% |
| Equity | 10/15 | €55,939 | €57,134 | +€1,195 | +2.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,939 | €14,134 | +€1,195 | +9.2% |
| Amounts payable | 17/49 | €29,262 | €44,758 | +€15,496 | +53.0% |
| Amounts payable within one year | 42/48 | €29,262 | €44,758 | +€15,496 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €1,781 | - | -€1,781 | |
| Trade debts | 44 | - | €1,770 | +€1,770 | |
| Suppliers | 440/4 | - | €1,770 | +€1,770 | |
| Taxes, remuneration and social security | 45 | €4,981 | €9,194 | +€4,213 | +84.6% |
| Taxes | 450/3 | €4,981 | €9,116 | +€4,135 | +83.0% |
| Remuneration and social security | 454/9 | - | €78 | +€78 | |
| Other amounts payable | 47/48 | €22,500 | €33,794 | +€11,294 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,156 | €15,589 | +€432 | +2.9% |
| Other operating charges | 640/8 | €1,367 | €1,466 | +€98 | +7.2% |
| Gross operating margin | 9900 | €54,044 | €68,324 | +€14,280 | +26.4% |
| Operating profit (loss) | 9901 | €37,520 | €51,269 | +€13,749 | +36.6% |
| Financial income | 75/76B | €79 | €156 | +€77 | +97.5% |
| Recurring financial income | 75 | €79 | €156 | +€77 | +97.5% |
| Financial charges | 65/66B | €732 | €108 | -€624 | -85.3% |
| Recurring financial charges | 65 | €732 | €108 | -€624 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €36,868 | €51,318 | +€14,450 | +39.2% |
| Income taxes | 67/77 | €12,169 | €14,829 | +€2,660 | +21.9% |
| Profit (loss) for the period | 9904 | €24,699 | €36,489 | +€11,790 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,699 | €36,489 | +€11,790 | +47.7% |
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 21 October 2026 via checked.be.