COBALT INDUSTRIES: what changed
COBALT INDUSTRIES
Largest movements
- Tangible fixed assets +€405,024
up €405,024 (+310%), from €130,553 to €535,577
of which Land and buildings: +€343,917
- Cash -€60,616
down €60,616 (-53.8%), from €112,756 to €52,140
mainly Investment in fixed assets (net) (-€464,747) and Contributions, distributions and other (-€200,000)
- Stocks and contracts -€58,430
no longer reported in 2025 (was €58,430)
- Deferred charges and accrued income +€49,681
up €49,681 (+15,561%), from €319 to €50,000
- Debts after one year +€239,711
up €239,711 (+175%), from €137,310 to €377,021
- Other debts +€148,897
up €148,897 (+1,317%), from €11,307 to €160,204
- Reserves -€92,412
down €92,412 (-24.0%), from €385,167 to €292,754
- Tax, wage and social debts +€26,386
up €26,386 (+225%), from €11,728 to €38,113
of which Taxes: +€28,069
- Current portion of long-term debt +€17,114
up €17,114 (+36.9%), from €46,393 to €63,506
- Depreciation +€54,161
up €54,161 (+974%), from €5,562 to €59,723
- Gross operating margin +€21,238
up €21,238 (+28.5%), from €74,437 to €95,675
- Taxes -€12,654
down €12,654 (-73.0%), from €17,329 to €4,676
- Financial charges +€6,724
up €6,724 (+52.1%), from €12,908 to €19,632
- Other operating charges +€2,253
up €2,253 (+125%), from €1,805 to €4,058
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,968 | €943,556 | +€341,588 | +56.7% |
| Fixed assets | 21/28 | €430,451 | €835,475 | +€405,024 | +94.1% |
| Tangible fixed assets | 22/27 | €130,553 | €535,577 | +€405,024 | +310% |
| Land and buildings | 22 | €115,613 | €459,530 | +€343,917 | +297% |
| Furniture and vehicles | 24 | €14,940 | €13,880 | -€1,060 | -7.1% |
| Other tangible fixed assets | 26 | - | €62,167 | +€62,167 | |
| Financial fixed assets | 28 | €299,898 | €299,898 | = | 0.0% |
| Current assets | 29/58 | €171,517 | €108,081 | -€63,436 | -37.0% |
| Stocks and contracts in progress | 3 | €58,430 | - | -€58,430 | |
| Stocks | 30/36 | €58,430 | - | -€58,430 | |
| Amounts receivable within one year | 40/41 | €12 | €5,941 | +€5,929 | +50,851% |
| Trade receivables | 40 | - | €605 | +€605 | |
| Other amounts receivable | 41 | €12 | €5,336 | +€5,324 | +45,663% |
| Cash at bank and in hand | 54/58 | €112,756 | €52,140 | -€60,616 | -53.8% |
| Deferred charges and accrued income | 490/1 | €319 | €50,000 | +€49,681 | +15,561% |
| Total equity and liabilities | 10/49 | €601,968 | €943,556 | +€341,588 | +56.7% |
| Equity | 10/15 | €388,667 | €296,254 | -€92,412 | -23.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Contributions outside capital | 11 | €3,500 | €3,500 | = | 0.0% |
| Other | 1109/19 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €385,167 | €292,754 | -€92,412 | -24.0% |
| Distributable reserves | 133 | €385,167 | €292,754 | -€92,412 | -24.0% |
| Amounts payable | 17/49 | €213,302 | €647,302 | +€434,000 | +203% |
| Amounts payable after more than one year | 17 | €137,310 | €377,021 | +€239,711 | +175% |
| Financial debts | 170/4 | €137,310 | €377,021 | +€239,711 | +175% |
| Amounts payable within one year | 42/48 | €75,992 | €270,281 | +€194,289 | +256% |
| Current portion of amounts payable after more than one year | 42 | €46,393 | €63,506 | +€17,114 | +36.9% |
| Trade debts | 44 | €6,565 | €8,457 | +€1,892 | +28.8% |
| Suppliers | 440/4 | €6,565 | €8,457 | +€1,892 | +28.8% |
| Taxes, remuneration and social security | 45 | €11,728 | €38,113 | +€26,386 | +225% |
| Taxes | 450/3 | €10,045 | €38,113 | +€28,069 | +279% |
| Remuneration and social security | 454/9 | €1,683 | - | -€1,683 | |
| Other amounts payable | 47/48 | €11,307 | €160,204 | +€148,897 | +1,317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,562 | €59,723 | +€54,161 | +974% |
| Other operating charges | 640/8 | €1,805 | €4,058 | +€2,253 | +125% |
| Gross operating margin | 9900 | €74,437 | €95,675 | +€21,238 | +28.5% |
| Operating profit (loss) | 9901 | €67,070 | €31,894 | -€35,176 | -52.4% |
| Financial income | 75/76B | €100,000 | €100,001 | +€1 | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,001 | +€1 | 0.0% |
| Financial charges | 65/66B | €12,908 | €19,632 | +€6,724 | +52.1% |
| Recurring financial charges | 65 | €12,908 | €19,632 | +€6,724 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €154,162 | €112,264 | -€41,898 | -27.2% |
| Income taxes | 67/77 | €17,329 | €4,676 | -€12,654 | -73.0% |
| Profit (loss) for the period | 9904 | €136,832 | €107,588 | -€29,244 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €136,832 | €107,588 | -€29,244 | -21.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.