COBALTDENT: 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.
COBALTDENT
Largest movements
- Receivables within one year -€17,058
down €17,058 (-45.1%), from €37,795 to €20,737
of which Trade receivables: -€17,124
- Cash +€12,933
up €12,933 (+18.1%), from €71,643 to €84,576
mainly Other debts (+€73,004) and Depreciation (+€17,662)
- Tangible fixed assets -€12,666
down €12,666 (-39.6%), from €31,976 to €19,310
of which Plant, machinery and equipment: -€11,758
- Deferred charges and accrued income +€3,003
up €3,003 (+264.4%), from €1,136 to €4,139
- Reserves -€81,000
down €81,000 (-94.2%), from €86,000 to €5,000
- Other debts +€73,004
up €73,004 (+453.7%), from €16,090 to €89,094
- Tax, wage and social debts -€5,152
down €5,152 (-81.9%), from €6,290 to €1,138
- Debts after one year -€3,134
down €3,134 (-79.8%), from €3,930 to €796
- Trade debts +€2,174
up €2,174 (+19.4%), from €11,182 to €13,356
- Gross operating margin -€23,052
down €23,052 (-53.2%), from €43,308 to €20,256
- Taxes -€4,745
down €4,745 (-80.7%), from €5,884 to €1,138
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 | €142,550 | €128,762 | -€13,788 | -9.7% |
| Fixed assets | 21/28 | €31,976 | €19,310 | -€12,666 | -39.6% |
| Tangible fixed assets | 22/27 | €31,976 | €19,310 | -€12,666 | -39.6% |
| Plant, machinery and equipment | 23 | €17,605 | €5,847 | -€11,758 | -66.8% |
| Furniture and vehicles | 24 | €853 | €1,774 | +€922 | +108.1% |
| Other tangible fixed assets | 26 | €13,518 | €11,689 | -€1,829 | -13.5% |
| Current assets | 29/58 | €110,574 | €109,452 | -€1,122 | -1.0% |
| Amounts receivable within one year | 40/41 | €37,795 | €20,737 | -€17,058 | -45.1% |
| Trade receivables | 40 | €27,091 | €9,967 | -€17,124 | -63.2% |
| Other amounts receivable | 41 | €10,703 | €10,770 | +€67 | +0.6% |
| Cash at bank and in hand | 54/58 | €71,643 | €84,576 | +€12,933 | +18.1% |
| Deferred charges and accrued income | 490/1 | €1,136 | €4,139 | +€3,003 | +264.4% |
| Total equity and liabilities | 10/49 | €142,550 | €128,762 | -€13,788 | -9.7% |
| Equity | 10/15 | €101,676 | €20,918 | -€80,758 | -79.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €86,000 | €5,000 | -€81,000 | -94.2% |
| Distributable reserves | 133 | €86,000 | €5,000 | -€81,000 | -94.2% |
| Profit (loss) carried forward | 14 | €676 | €918 | +€242 | +35.8% |
| Amounts payable | 17/49 | €40,873 | €107,843 | +€66,970 | +163.8% |
| Amounts payable after more than one year | 17 | €3,930 | €796 | -€3,134 | -79.8% |
| Financial debts | 170/4 | €3,930 | €796 | -€3,134 | -79.8% |
| Amounts payable within one year | 42/48 | €36,618 | €106,723 | +€70,104 | +191.4% |
| Current portion of amounts payable after more than one year | 42 | €3,056 | €3,134 | +€78 | +2.6% |
| Trade debts | 44 | €11,182 | €13,356 | +€2,174 | +19.4% |
| Suppliers | 440/4 | €11,182 | €13,356 | +€2,174 | +19.4% |
| Taxes, remuneration and social security | 45 | €6,290 | €1,138 | -€5,152 | -81.9% |
| Taxes | 450/3 | €6,290 | €1,138 | -€5,152 | -81.9% |
| Other amounts payable | 47/48 | €16,090 | €89,094 | +€73,004 | +453.7% |
| Accrued charges and deferred income | 492/3 | €325 | €325 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,795 | €17,662 | -€134 | -0.8% |
| Other operating charges | 640/8 | €2,052 | €1,714 | -€337 | -16.4% |
| Gross operating margin | 9900 | €43,308 | €20,256 | -€23,052 | -53.2% |
| Operating profit (loss) | 9901 | €23,462 | €881 | -€22,581 | -96.2% |
| Financial income | 75/76B | €62 | €6 | -€56 | -90.3% |
| Recurring financial income | 75 | €62 | €6 | -€56 | -90.3% |
| Financial charges | 65/66B | €476 | €506 | +€30 | +6.4% |
| Recurring financial charges | 65 | €476 | €506 | +€30 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €23,048 | €380 | -€22,668 | -98.3% |
| Income taxes | 67/77 | €5,884 | €1,138 | -€4,745 | -80.7% |
| Profit (loss) for the period | 9904 | €17,164 | -€758 | -€17,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,164 | -€758 | -€17,922 |
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.