COBARELLO: 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.
COBARELLO
Largest movements
- Cash -€7,823
down €7,823 (-24.5%), from €31,926 to €24,104
mainly Debts after one year (-€16,740) and Receivables within one year (-€139)
- Tangible fixed assets -€6,725
down €6,725 (-2.4%), from €283,884 to €277,159
- Debts after one year -€16,740
down €16,740 (-6.2%), from €271,296 to €254,556
- Gross operating margin +€171
up €171 (+1.2%), from €14,794 to €14,965
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 | €317,585 | €303,164 | -€14,421 | -4.5% |
| Fixed assets | 21/28 | €283,884 | €277,159 | -€6,725 | -2.4% |
| Tangible fixed assets | 22/27 | €283,884 | €277,159 | -€6,725 | -2.4% |
| Land and buildings | 22 | €283,884 | €277,159 | -€6,725 | -2.4% |
| Current assets | 29/58 | €33,701 | €26,006 | -€7,696 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,763 | €1,902 | +€139 | +7.9% |
| Other amounts receivable | 41 | €1,763 | €1,902 | +€139 | +7.9% |
| Cash at bank and in hand | 54/58 | €31,926 | €24,104 | -€7,823 | -24.5% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €317,585 | €303,164 | -€14,421 | -4.5% |
| Equity | 10/15 | €32,166 | €32,494 | +€329 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,509 | €2,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €175 | €175 | = | 0.0% |
| Legal reserve | 130 | €175 | €175 | = | 0.0% |
| Distributable reserves | 133 | €2,334 | €2,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,343 | -€32,014 | +€329 | +1.0% |
| Amounts payable | 17/49 | €285,420 | €270,670 | -€14,750 | -5.2% |
| Amounts payable after more than one year | 17 | €271,296 | €254,556 | -€16,740 | -6.2% |
| Financial debts | 170/4 | €271,296 | €254,556 | -€16,740 | -6.2% |
| Amounts payable within one year | 42/48 | €14,124 | €16,114 | +€1,990 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €14,124 | €16,114 | +€1,990 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,725 | €6,725 | = | 0.0% |
| Other operating charges | 640/8 | €2,939 | €3,030 | +€91 | +3.1% |
| Gross operating margin | 9900 | €14,794 | €14,965 | +€171 | +1.2% |
| Operating profit (loss) | 9901 | €5,129 | €5,210 | +€80 | +1.6% |
| Financial charges | 65/66B | €4,904 | €4,881 | -€23 | -0.5% |
| Recurring financial charges | 65 | €4,904 | €4,881 | -€23 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €226 | €329 | +€103 | +45.8% |
| Profit (loss) for the period | 9904 | €226 | €329 | +€103 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €226 | €329 | +€103 | +45.8% |
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 29 September 2026 via checked.be.