COBATEC: 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.
COBATEC
Largest movements
- Tangible fixed assets -€63,475
down €63,475 (-15.2%), from €418,959 to €355,484
of which Land and buildings: -€44,263
- Receivables within one year -€36,618
down €36,618 (-5.9%), from €622,581 to €585,963
of which Trade receivables: -€42,522
- Cash +€28,143
up €28,143 (+37.5%), from €75,088 to €103,231
mainly Other debts (+€235,577) and Depreciation (+€73,506)
- Deferred charges and accrued income -€23,149
down €23,149 (-72.0%), from €32,162 to €9,013
- Other debts +€235,577
up €235,577 (+182%), from €129,187 to €364,764
- Profit (loss) carried forward -€161,465
down €161,465 (-38.6%), from -€418,138 to -€579,603
- Current portion of long-term debt -€101,395
down €101,395 (-65.6%), from €154,653 to €53,258
- Tax, wage and social debts -€73,008
down €73,008 (-64.0%), from €114,132 to €41,124
of which Remuneration and social security: -€69,796
- Debts after one year -€33,814
down €33,814 (-6.2%), from €547,234 to €513,420
- Staff costs -€73,546
down €73,546 (-12.1%), from €608,046 to €534,500
- Gross operating margin -€73,355
down €73,355 (-12.9%), from €566,693 to €493,338
- Taxes -€9,055
down €9,055 (-90.5%), from €10,000 to €945
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 | €1,257,184 | €1,160,630 | -€96,554 | -7.7% |
| Fixed assets | 21/28 | €436,221 | €362,715 | -€73,506 | -16.9% |
| Intangible fixed assets | 21 | €17,262 | €7,231 | -€10,031 | -58.1% |
| Tangible fixed assets | 22/27 | €418,959 | €355,484 | -€63,475 | -15.2% |
| Land and buildings | 22 | €338,140 | €293,877 | -€44,263 | -13.1% |
| Plant, machinery and equipment | 23 | €2,453 | €1,484 | -€969 | -39.5% |
| Furniture and vehicles | 24 | €78,366 | €60,123 | -€18,243 | -23.3% |
| Current assets | 29/58 | €820,963 | €797,915 | -€23,048 | -2.8% |
| Stocks and contracts in progress | 3 | €91,132 | €99,708 | +€8,576 | +9.4% |
| Stocks | 30/36 | €91,132 | €99,708 | +€8,576 | +9.4% |
| Amounts receivable within one year | 40/41 | €622,581 | €585,963 | -€36,618 | -5.9% |
| Trade receivables | 40 | €594,486 | €551,964 | -€42,522 | -7.2% |
| Other amounts receivable | 41 | €28,095 | €34,000 | +€5,905 | +21.0% |
| Cash at bank and in hand | 54/58 | €75,088 | €103,231 | +€28,143 | +37.5% |
| Deferred charges and accrued income | 490/1 | €32,162 | €9,013 | -€23,149 | -72.0% |
| Total equity and liabilities | 10/49 | €1,257,184 | €1,160,630 | -€96,554 | -7.7% |
| Equity | 10/15 | €197,732 | €36,267 | -€161,465 | -81.7% |
| Contributions | 10/11 | €614,010 | €614,010 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,138 | -€579,603 | -€161,465 | -38.6% |
| Amounts payable | 17/49 | €1,059,452 | €1,124,364 | +€64,912 | +6.1% |
| Amounts payable after more than one year | 17 | €547,234 | €513,420 | -€33,814 | -6.2% |
| Financial debts | 170/4 | €547,234 | €513,420 | -€33,814 | -6.2% |
| Amounts payable within one year | 42/48 | €511,881 | €605,223 | +€93,342 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €154,653 | €53,258 | -€101,395 | -65.6% |
| Trade debts | 44 | €113,909 | €146,077 | +€32,168 | +28.2% |
| Suppliers | 440/4 | €113,909 | €146,077 | +€32,168 | +28.2% |
| Taxes, remuneration and social security | 45 | €114,132 | €41,124 | -€73,008 | -64.0% |
| Taxes | 450/3 | €23,154 | €19,943 | -€3,211 | -13.9% |
| Remuneration and social security | 454/9 | €90,978 | €21,182 | -€69,796 | -76.7% |
| Other amounts payable | 47/48 | €129,187 | €364,764 | +€235,577 | +182% |
| Accrued charges and deferred income | 492/3 | €337 | €5,720 | +€5,383 | +1,597% |
| Non-recurring operating income | 76A | €21,141 | €50,307 | +€29,166 | +138% |
| Remuneration, social security and pensions | 62 | €608,046 | €534,500 | -€73,546 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,003 | €73,506 | -€5,497 | -7.0% |
| Other operating charges | 640/8 | €4,506 | €8,382 | +€3,876 | +86.0% |
| Non-recurring operating charges | 66A | €13,948 | €3,644 | -€10,304 | -73.9% |
| Gross operating margin | 9900 | €566,693 | €493,338 | -€73,355 | -12.9% |
| Operating profit (loss) | 9901 | -€138,810 | -€126,693 | +€12,117 | +8.7% |
| Financial income | 75/76B | €10,013 | €6,751 | -€3,262 | -32.6% |
| Recurring financial income | 75 | €10,013 | €6,751 | -€3,262 | -32.6% |
| Financial charges | 65/66B | €42,663 | €40,578 | -€2,085 | -4.9% |
| Recurring financial charges | 65 | €42,663 | €40,578 | -€2,085 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€171,460 | -€160,520 | +€10,940 | +6.4% |
| Income taxes | 67/77 | €10,000 | €945 | -€9,055 | -90.5% |
| Profit (loss) for the period | 9904 | -€181,460 | -€161,465 | +€19,995 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,460 | -€161,465 | +€19,995 | +11.0% |
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 28 October 2026 via checked.be.