COBALT PARTNERS: 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 PARTNERS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€490,356
down €490,356 (-315%), from -€155,753 to -€646,109
- Short-term financial debts +€271,970
up €271,970 (+15.5%), from €1.8m to €2.0m
- Trade debts +€160,882
up €160,882 (+84.6%), from €190,212 to €351,094
- Accrued charges and deferred income +€52,235
up €52,235 (+184%), from €28,403 to €80,638
- Financial charges +€213,325
up €213,325 (+237%), from €90,057 to €303,382
- Other operating charges +€162,228
up €162,228 (+975%), from €16,632 to €178,860
- Gross operating margin -€16,546
down €16,546, from €8,347 to -€8,199
- Financial income +€85
new in 2024: €85
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.
Derived cash bridge
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 | €2,571,817 | €2,572,225 | +€408 | 0.0% |
| Current assets | 29/58 | €2,571,817 | €2,572,225 | +€408 | 0.0% |
| Stocks and contracts in progress | 3 | €2,557,603 | €2,557,603 | = | 0.0% |
| Stocks | 30/36 | €2,557,603 | €2,557,603 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,214 | €13,555 | -€659 | -4.6% |
| Trade receivables | 40 | €9,971 | €9,971 | = | 0.0% |
| Other amounts receivable | 41 | €4,243 | €3,584 | -€659 | -15.5% |
| Cash at bank and in hand | 54/58 | - | €19 | +€19 | |
| Deferred charges and accrued income | 490/1 | - | €1,049 | +€1,049 | |
| Total equity and liabilities | 10/49 | €2,571,817 | €2,572,225 | +€408 | 0.0% |
| Equity | 10/15 | -€135,753 | -€626,109 | -€490,356 | -361% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,753 | -€646,109 | -€490,356 | -315% |
| Amounts payable | 17/49 | €2,707,570 | €3,198,334 | +€490,764 | +18.1% |
| Amounts payable after more than one year | 17 | €717,995 | €717,995 | = | 0.0% |
| Financial debts | 170/4 | €717,995 | €717,995 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,961,172 | €2,399,702 | +€438,529 | +22.4% |
| Financial debts | 43 | €1,750,323 | €2,022,293 | +€271,970 | +15.5% |
| Credit institutions | 430/8 | €1,750,323 | €2,022,293 | +€271,970 | +15.5% |
| Trade debts | 44 | €190,212 | €351,094 | +€160,882 | +84.6% |
| Suppliers | 440/4 | €190,212 | €351,094 | +€160,882 | +84.6% |
| Other amounts payable | 47/48 | €20,638 | €26,314 | +€5,677 | +27.5% |
| Accrued charges and deferred income | 492/3 | €28,403 | €80,638 | +€52,235 | +184% |
| Other operating charges | 640/8 | €16,632 | €178,860 | +€162,228 | +975% |
| Gross operating margin | 9900 | €8,347 | -€8,199 | -€16,546 | |
| Operating profit (loss) | 9901 | -€8,285 | -€187,059 | -€178,774 | -2,158% |
| Financial income | 75/76B | - | €85 | +€85 | |
| Recurring financial income | 75 | - | €85 | +€85 | |
| Financial charges | 65/66B | €90,057 | €303,382 | +€213,325 | +237% |
| Recurring financial charges | 65 | €90,057 | €303,382 | +€213,325 | +237% |
| Profit (loss) for the period before taxes | 9903 | -€98,341 | -€490,356 | -€392,014 | -399% |
| Profit (loss) for the period | 9904 | -€98,341 | -€490,356 | -€392,014 | -399% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,341 | -€490,356 | -€392,014 | -399% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.