COBATIMAT: 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.
COBATIMAT
Largest movements
- Receivables within one year +€10,761
up €10,761 (+54.6%), from €19,717 to €30,479
of which Trade receivables: +€10,761
- Cash +€8,947
up €8,947 (+1,100%), from €813 to €9,761
mainly Net result for the year (+€16,670) and Other debts (+€2,086)
- Profit (loss) carried forward +€16,670
up €16,670 (+19.9%), from -€83,744 to -€67,074
- Other debts +€2,086
up €2,086 (+2.6%), from €81,088 to €83,175
- Trade debts +€703
up €703 (+6.6%), from €10,577 to €11,280
- Gross operating margin +€26,770
up €26,770, from -€9,344 to €17,426
- Other operating charges +€387
new in 2025: €387
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 | €22,071 | €41,356 | +€19,286 | +87.4% |
| Fixed assets | 21/28 | €1,096 | €969 | -€127 | -11.6% |
| Tangible fixed assets | 22/27 | €1,096 | €969 | -€127 | -11.6% |
| Other tangible fixed assets | 26 | €1,096 | €969 | -€127 | -11.6% |
| Current assets | 29/58 | €20,974 | €40,387 | +€19,413 | +92.6% |
| Amounts receivable within one year | 40/41 | €19,717 | €30,479 | +€10,761 | +54.6% |
| Trade receivables | 40 | €9,485 | €20,247 | +€10,761 | +113% |
| Other amounts receivable | 41 | €10,232 | €10,232 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €813 | €9,761 | +€8,947 | +1,100% |
| Deferred charges and accrued income | 490/1 | €444 | €148 | -€296 | -66.7% |
| Total equity and liabilities | 10/49 | €22,071 | €41,356 | +€19,286 | +87.4% |
| Equity | 10/15 | -€77,494 | -€60,824 | +€16,670 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,744 | -€67,074 | +€16,670 | +19.9% |
| Amounts payable | 17/49 | €99,565 | €102,180 | +€2,615 | +2.6% |
| Amounts payable within one year | 42/48 | €99,565 | €102,180 | +€2,615 | +2.6% |
| Trade debts | 44 | €10,577 | €11,280 | +€703 | +6.6% |
| Suppliers | 440/4 | €10,577 | €11,280 | +€703 | +6.6% |
| Taxes, remuneration and social security | 45 | €7,899 | €7,726 | -€174 | -2.2% |
| Taxes | 450/3 | €6,648 | €6,563 | -€85 | -1.3% |
| Remuneration and social security | 454/9 | €1,252 | €1,163 | -€89 | -7.1% |
| Other amounts payable | 47/48 | €81,088 | €83,175 | +€2,086 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €127 | = | 0.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | -€9,344 | €17,426 | +€26,770 | |
| Operating profit (loss) | 9901 | -€9,471 | €16,911 | +€26,383 | |
| Financial charges | 65/66B | €184 | €241 | +€57 | +31.1% |
| Recurring financial charges | 65 | €184 | €241 | +€57 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,655 | €16,670 | +€26,326 | |
| Profit (loss) for the period | 9904 | -€9,655 | €16,670 | +€26,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,655 | €16,670 | +€26,326 |
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.