COBAN: 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.
COBAN
Largest movements
- Current assets +€2.2m
up €2.2m (+90.0%), from €2.4m to €4.7m
of which Receivables within one year: +€4.5m
- Tangible fixed assets +€297,826
up €297,826 (+25.5%), from €1.2m to €1.5m
- Financial fixed assets +€90,719
up €90,719 (+4.2%), from €2.2m to €2.3m
- Debts +€2.0m
up €2.0m (+89.7%), from €2.2m to €4.3m
of which Debts within one year: +€1.2m
- Equity +€575,430
up €575,430 (+16.3%), from €3.5m to €4.1m
of which Reserves: +€575,430
- Taxes +€112,688
up €112,688 (+157.7%), from €71,459 to €184,147
- Gross operating margin +€93,768
up €93,768 (+10728.6%), from €874 to €94,642
- Depreciation -€5,394
down €5,394 (-8.5%), from €63,762 to €58,368
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,784,372 | €8,375,691 | +€2.6m | +44.8% |
| Fixed assets | 21/28 | €3,336,180 | €3,724,725 | +€388,545 | +11.6% |
| Tangible fixed assets | 22/27 | €1,167,517 | €1,465,343 | +€297,826 | +25.5% |
| Financial fixed assets | 28 | €2,168,663 | €2,259,382 | +€90,719 | +4.2% |
| Current assets | 29/58 | €2,448,192 | €4,650,966 | +€2.2m | +90.0% |
| Amounts receivable within one year | 40/41 | €46,449 | €4,532,954 | +€4.5m | +9659.0% |
| Cash at bank and in hand | 54/58 | €2,394,561 | €115,238 | -€2.3m | -95.2% |
| Total equity and liabilities | 10/49 | €5,784,372 | €8,375,691 | +€2.6m | +44.8% |
| Equity | 10/15 | €3,537,009 | €4,112,439 | +€575,430 | +16.3% |
| Contributions | 10/11 | €450,605 | - | -€450,605 | |
| Reserves | 13 | €3,086,404 | €3,661,834 | +€575,430 | +18.6% |
| Amounts payable | 17/49 | €2,247,363 | €4,263,252 | +€2.0m | +89.7% |
| Amounts payable after more than one year | 17 | €806,106 | €1,546,480 | +€740,374 | +91.8% |
| Amounts payable within one year | 42/48 | €1,441,257 | €2,615,506 | +€1.2m | +81.5% |
| Trade debts | 44 | €4,874 | €1,997 | -€2,877 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,762 | €58,368 | -€5,394 | -8.5% |
| Gross operating margin | 9900 | €874 | €94,642 | +€93,768 | +10728.6% |
| Operating profit (loss) | 9901 | -€68,025 | €33,626 | +€101,651 | |
| Recurring financial income | 75 | €685,232 | €261,614 | -€423,618 | -61.8% |
| Recurring financial charges | 65 | €20,243 | €48,758 | +€28,515 | +140.9% |
| Profit (loss) for the period before taxes | 9903 | €596,964 | €759,577 | +€162,613 | +27.2% |
| Income taxes | 67/77 | €71,459 | €184,147 | +€112,688 | +157.7% |
| Profit (loss) for the period | 9904 | €525,505 | €575,430 | +€49,925 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €525,505 | €575,430 | +€49,925 | +9.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2019 and 30 June 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.