COBAT CONSTRUCTIONS: 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.
COBAT CONSTRUCTIONS
Largest movements
- Receivables within one year +€323,020
up €323,020 (+16.5%), from €2.0m to €2.3m
of which Other amounts receivable: +€169,421
- Cash +€207,509
up €207,509 (+1889.1%), from €10,984 to €218,493
mainly Trade debts (+€548,487) and Deferred charges and accrued income (+€4,285)
- Trade debts +€548,487
up €548,487 (+34.0%), from €1.6m to €2.2m
- Gross operating margin +€93,413
up €93,413 (+101.2%), from €92,334 to €185,747
- Provisions -€10,095
new in 2025: -€10,095
- Other operating charges +€9,608
up €9,608 (+717.8%), from €1,339 to €10,946
- Staff costs -€7,788
down €7,788 (-3.7%), from €207,699 to €199,911
- Depreciation -€2,229
down €2,229 (-90.2%), from €2,471 to €242
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 | €1,968,901 | €2,494,904 | +€526,002 | +26.7% |
| Fixed assets | 21/28 | €909 | €667 | -€242 | -26.6% |
| Tangible fixed assets | 22/27 | €632 | €390 | -€242 | -38.3% |
| Furniture and vehicles | 24 | €632 | €390 | -€242 | -38.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €277 | €277 | = | 0.0% |
| Current assets | 29/58 | €1,967,992 | €2,494,236 | +€526,244 | +26.7% |
| Amounts receivable within one year | 40/41 | €1,952,623 | €2,275,643 | +€323,020 | +16.5% |
| Trade receivables | 40 | €595,832 | €749,431 | +€153,599 | +25.8% |
| Other amounts receivable | 41 | €1,356,791 | €1,526,212 | +€169,421 | +12.5% |
| Cash at bank and in hand | 54/58 | €10,984 | €218,493 | +€207,509 | +1889.1% |
| Deferred charges and accrued income | 490/1 | €4,385 | €100 | -€4,285 | -97.7% |
| Total equity and liabilities | 10/49 | €1,968,901 | €2,494,904 | +€526,002 | +26.7% |
| Equity | 10/15 | €343,057 | €324,085 | -€18,972 | -5.5% |
| Contributions | 10/11 | €49,500 | €49,500 | = | 0.0% |
| Reserves | 13 | €293,557 | €274,585 | -€18,972 | -6.5% |
| Distributable reserves | 133 | €293,557 | €274,585 | -€18,972 | -6.5% |
| Amounts payable | 17/49 | €1,625,844 | €2,170,818 | +€544,974 | +33.5% |
| Amounts payable within one year | 42/48 | €1,625,844 | €2,170,818 | +€544,974 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,611,951 | €2,160,438 | +€548,487 | +34.0% |
| Suppliers | 440/4 | €1,611,951 | €2,160,438 | +€548,487 | +34.0% |
| Taxes, remuneration and social security | 45 | €13,893 | €10,380 | -€3,513 | -25.3% |
| Taxes | 450/3 | €591 | - | -€591 | |
| Remuneration and social security | 454/9 | €13,302 | €10,380 | -€2,922 | -22.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,860 | €70,347 | +€66,486 | +1722.3% |
| Remuneration, social security and pensions | 62 | €207,699 | €199,911 | -€7,788 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,471 | €242 | -€2,229 | -90.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,095 | -€10,095 | |
| Other operating charges | 640/8 | €1,339 | €10,946 | +€9,608 | +717.8% |
| Gross operating margin | 9900 | €92,334 | €185,747 | +€93,413 | +101.2% |
| Operating profit (loss) | 9901 | -€119,174 | -€15,256 | +€103,917 | +87.2% |
| Financial income | 75/76B | €280 | €47 | -€233 | -83.3% |
| Recurring financial income | 75 | €280 | €47 | -€233 | -83.3% |
| Financial charges | 65/66B | €2,754 | €3,762 | +€1,008 | +36.6% |
| Recurring financial charges | 65 | €2,754 | €3,762 | +€1,008 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€121,648 | -€18,972 | +€102,676 | +84.4% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -16.1% |
| Profit (loss) for the period | 9904 | -€121,648 | -€18,972 | +€102,676 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,648 | -€18,972 | +€102,676 | +84.4% |
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 7 October 2026 via checked.be.