COBALT SERVICES: 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 SERVICES
Largest movements
- Cash +€5,611
up €5,611 (+17.5%), from €32,012 to €37,622
mainly Net result for the year (+€18,995) and Depreciation (+€4,156)
- Tangible fixed assets -€4,156
down €4,156 (-33.9%), from €12,247 to €8,091
of which Furniture and vehicles: -€3,013
- Other debts +€3,643
up €3,643 (+23.1%), from €15,790 to €19,433
- Tax, wage and social debts -€1,925
down €1,925 (-12.1%), from €15,863 to €13,939
- Taxes -€11,651
down €11,651 (-93.7%), from €12,434 to €784
- Gross operating margin -€9,700
down €9,700 (-27.9%), from €34,733 to €25,033
- Financial income +€2,655
up €2,655 (+11531.6%), from €23 to €2,678
- Depreciation +€1,092
up €1,092 (+35.6%), from €3,064 to €4,156
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 | €67,362 | €68,619 | +€1,257 | +1.9% |
| Fixed assets | 21/28 | €12,247 | €8,091 | -€4,156 | -33.9% |
| Tangible fixed assets | 22/27 | €12,247 | €8,091 | -€4,156 | -33.9% |
| Plant, machinery and equipment | 23 | €1,123 | €744 | -€379 | -33.8% |
| Furniture and vehicles | 24 | €8,960 | €5,947 | -€3,013 | -33.6% |
| Other tangible fixed assets | 26 | €2,164 | €1,400 | -€764 | -35.3% |
| Current assets | 29/58 | €55,115 | €60,528 | +€5,413 | +9.8% |
| Amounts receivable within one year | 40/41 | €13,795 | €13,150 | -€645 | -4.7% |
| Trade receivables | 40 | €11,979 | €11,798 | -€182 | -1.5% |
| Other amounts receivable | 41 | €1,816 | €1,353 | -€463 | -25.5% |
| Current investments | 50/53 | €5,456 | €5,456 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,012 | €37,622 | +€5,611 | +17.5% |
| Deferred charges and accrued income | 490/1 | €3,853 | €4,300 | +€447 | +11.6% |
| Total equity and liabilities | 10/49 | €67,362 | €68,619 | +€1,257 | +1.9% |
| Equity | 10/15 | €32,931 | €32,931 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,871 | €24,871 | = | 0.0% |
| Amounts payable | 17/49 | €34,432 | €35,689 | +€1,257 | +3.7% |
| Amounts payable within one year | 42/48 | €34,432 | €35,689 | +€1,257 | +3.7% |
| Trade debts | 44 | €2,778 | €2,317 | -€461 | -16.6% |
| Suppliers | 440/4 | €2,778 | €2,317 | -€461 | -16.6% |
| Taxes, remuneration and social security | 45 | €15,863 | €13,939 | -€1,925 | -12.1% |
| Taxes | 450/3 | €15,863 | €13,939 | -€1,925 | -12.1% |
| Other amounts payable | 47/48 | €15,790 | €19,433 | +€3,643 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,064 | €4,156 | +€1,092 | +35.6% |
| Other operating charges | 640/8 | €799 | €969 | +€171 | +21.4% |
| Non-recurring operating charges | 66A | €12 | €2 | -€11 | -86.5% |
| Gross operating margin | 9900 | €34,733 | €25,033 | -€9,700 | -27.9% |
| Operating profit (loss) | 9901 | €30,858 | €19,906 | -€10,952 | -35.5% |
| Financial income | 75/76B | €23 | €2,678 | +€2,655 | +11531.6% |
| Recurring financial income | 75 | €23 | €2,678 | +€2,655 | +11531.6% |
| Financial charges | 65/66B | €2,657 | €2,805 | +€148 | +5.6% |
| Recurring financial charges | 65 | €1,157 | €2,805 | +€1,648 | +142.5% |
| Non-recurring financial charges | 66B | €1,500 | €0 | -€1,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €28,224 | €19,778 | -€8,446 | -29.9% |
| Income taxes | 67/77 | €12,434 | €784 | -€11,651 | -93.7% |
| Profit (loss) for the period | 9904 | €15,790 | €18,995 | +€3,205 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,790 | €18,995 | +€3,205 | +20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.