COBATS: 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.
COBATS
Largest movements
- Tangible fixed assets -€3,310
down €3,310 (-7.6%), from €43,449 to €40,139
- Receivables within one year +€1,877
up €1,877 (+399%), from €470 to €2,347
of which Trade receivables: +€950
- Profit (loss) carried forward -€32,735
down €32,735 (-9.5%), from -€343,817 to -€376,552
- Short-term financial debts +€25,847
up €25,847 (+11.4%), from €226,813 to €252,660
- Other debts +€6,507
up €6,507 (+7.0%), from €93,080 to €99,588
- Advances received -€1,000
no longer reported in 2024 (was €1,000)
- Financial charges +€15,249
up €15,249 (+144%), from €10,598 to €25,847
- Gross operating margin +€5,018
up €5,018 (+83.0%), from -€6,049 to -€1,030
- Depreciation -€1,419
down €1,419 (-30.0%), from €4,729 to €3,310
- Other operating charges -€327
down €327 (-11.4%), from €2,874 to €2,547
- Taxes -€82
no longer reported in 2024 (was €82)
From the 2023 result to the 2024 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
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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,399 | €43,138 | -€1,261 | -2.8% |
| Fixed assets | 21/28 | €43,579 | €40,269 | -€3,310 | -7.6% |
| Tangible fixed assets | 22/27 | €43,449 | €40,139 | -€3,310 | -7.6% |
| Land and buildings | 22 | €43,449 | €40,139 | -€3,310 | -7.6% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €820 | €2,869 | +€2,049 | +250% |
| Amounts receivable within one year | 40/41 | €470 | €2,347 | +€1,877 | +399% |
| Trade receivables | 40 | - | €950 | +€950 | |
| Other amounts receivable | 41 | €470 | €1,397 | +€927 | +197% |
| Deferred charges and accrued income | 490/1 | €350 | €522 | +€173 | +49.3% |
| Total equity and liabilities | 10/49 | €44,399 | €43,138 | -€1,261 | -2.8% |
| Equity | 10/15 | -€277,817 | -€310,552 | -€32,735 | -11.8% |
| 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 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€343,817 | -€376,552 | -€32,735 | -9.5% |
| Amounts payable | 17/49 | €322,216 | €353,690 | +€31,474 | +9.8% |
| Amounts payable within one year | 42/48 | €322,216 | €353,690 | +€31,474 | +9.8% |
| Financial debts | 43 | €226,813 | €252,660 | +€25,847 | +11.4% |
| Credit institutions | 430/8 | €226,813 | €252,660 | +€25,847 | +11.4% |
| Trade debts | 44 | €1,240 | €1,359 | +€119 | +9.6% |
| Suppliers | 440/4 | €1,240 | €1,359 | +€119 | +9.6% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €82 | €82 | = | 0.0% |
| Taxes | 450/3 | €82 | €82 | = | 0.0% |
| Other amounts payable | 47/48 | €93,080 | €99,588 | +€6,507 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,729 | €3,310 | -€1,419 | -30.0% |
| Other operating charges | 640/8 | €2,874 | €2,547 | -€327 | -11.4% |
| Gross operating margin | 9900 | -€6,049 | -€1,030 | +€5,018 | +83.0% |
| Operating profit (loss) | 9901 | -€13,652 | -€6,887 | +€6,764 | +49.5% |
| Financial charges | 65/66B | €10,598 | €25,847 | +€15,249 | +144% |
| Recurring financial charges | 65 | €10,598 | €25,847 | +€15,249 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€24,250 | -€32,735 | -€8,485 | -35.0% |
| Income taxes | 67/77 | €82 | - | -€82 | |
| Profit (loss) for the period | 9904 | -€24,332 | -€32,735 | -€8,403 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,332 | -€32,735 | -€8,403 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.