COBAMED: 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.
COBAMED
Largest movements
- Cash +€911,177
up €911,177 (+108%), from €840,353 to €1.8m
mainly Current investments (+€800,000) and Net result for the year (+€86,754)
- Current investments -€800,000
no longer reported in 2025 (was €800,000)
- Tangible fixed assets -€26,718
down €26,718 (-30.4%), from €87,953 to €61,235
of which Furniture and vehicles: -€15,006
- Reserves +€86,750
up €86,750 (+5.0%), from €1.7m to €1.8m
of which Distributable reserves: +€86,750
- Gross operating margin -€20,726
down €20,726 (-14.6%), from €142,136 to €121,410
- Taxes -€9,506
down €9,506 (-23.2%), from €41,027 to €31,520
- Financial income -€8,902
down €8,902 (-24.0%), from €37,049 to €28,147
- Depreciation -€7,459
down €7,459 (-21.1%), from €35,359 to €27,901
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 | €1,780,459 | €1,872,357 | +€91,898 | +5.2% |
| Fixed assets | 21/28 | €88,123 | €61,405 | -€26,718 | -30.3% |
| Tangible fixed assets | 22/27 | €87,953 | €61,235 | -€26,718 | -30.4% |
| Land and buildings | 22 | €41,251 | €33,001 | -€8,250 | -20.0% |
| Plant, machinery and equipment | 23 | €5,165 | €1,960 | -€3,205 | -62.0% |
| Furniture and vehicles | 24 | €40,861 | €25,855 | -€15,006 | -36.7% |
| Other tangible fixed assets | 26 | €675 | €419 | -€256 | -38.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €1,692,337 | €1,810,952 | +€118,616 | +7.0% |
| Amounts receivable within one year | 40/41 | €15,240 | €22,739 | +€7,498 | +49.2% |
| Trade receivables | 40 | €417 | - | -€417 | |
| Other amounts receivable | 41 | €14,824 | €22,739 | +€7,915 | +53.4% |
| Current investments | 50/53 | €800,000 | - | -€800,000 | |
| Cash at bank and in hand | 54/58 | €840,353 | €1,751,530 | +€911,177 | +108% |
| Deferred charges and accrued income | 490/1 | €36,743 | €36,684 | -€59 | -0.2% |
| Total equity and liabilities | 10/49 | €1,780,459 | €1,872,357 | +€91,898 | +5.2% |
| Equity | 10/15 | €1,774,638 | €1,861,392 | +€86,754 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,735,860 | €1,822,610 | +€86,750 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,734,000 | €1,820,750 | +€86,750 | +5.0% |
| Profit (loss) carried forward | 14 | €26,378 | €26,382 | +€4 | 0.0% |
| Amounts payable | 17/49 | €5,821 | €10,965 | +€5,144 | +88.4% |
| Amounts payable within one year | 42/48 | €5,821 | €10,965 | +€5,144 | +88.4% |
| Trade debts | 44 | €3,188 | €7,420 | +€4,232 | +133% |
| Suppliers | 440/4 | €3,188 | €7,420 | +€4,232 | +133% |
| Advances received on contracts in progress | 46 | - | €800 | +€800 | |
| Taxes, remuneration and social security | 45 | €2,633 | €2,744 | +€112 | +4.2% |
| Taxes | 450/3 | - | €95 | +€95 | |
| Remuneration and social security | 454/9 | €2,633 | €2,649 | +€17 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,359 | €27,901 | -€7,459 | -21.1% |
| Other operating charges | 640/8 | €2,231 | €3,015 | +€784 | +35.2% |
| Gross operating margin | 9900 | €142,136 | €121,410 | -€20,726 | -14.6% |
| Operating profit (loss) | 9901 | €104,546 | €90,495 | -€14,052 | -13.4% |
| Financial income | 75/76B | €37,049 | €28,147 | -€8,902 | -24.0% |
| Recurring financial income | 75 | €37,049 | €28,147 | -€8,902 | -24.0% |
| Financial charges | 65/66B | €252 | €368 | +€115 | +45.6% |
| Recurring financial charges | 65 | €252 | €368 | +€115 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €141,343 | €118,274 | -€23,069 | -16.3% |
| Income taxes | 67/77 | €41,027 | €31,520 | -€9,506 | -23.2% |
| Profit (loss) for the period | 9904 | €100,317 | €86,754 | -€13,563 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,317 | €86,754 | -€13,563 | -13.5% |
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 20 October 2026 via checked.be.