Cobbaert Dimitri: 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.
Cobbaert Dimitri
Largest movements
- Tangible fixed assets -€51,617
down €51,617 (-12.9%), from €399,150 to €347,534
- Cash +€4,567
up €4,567 (+73.3%), from €6,234 to €10,801
mainly Debts after one year (+€67,037) and Net result for the year (+€42,948)
- Deferred charges and accrued income +€4,560
up €4,560 (+58.9%), from €7,742 to €12,301
- Contributions -€79,999
down €79,999 (-100.0%), from €80,000 to €1
- Debts after one year +€67,037
up €67,037 (+52.4%), from €127,988 to €195,025
- Other debts -€53,955
down €53,955 (-70.3%), from €76,764 to €22,809
- Reserves +€17,628
up €17,628 (+21.2%), from €83,128 to €100,757
- Current portion of long-term debt +€15,457
up €15,457 (+44.4%), from €34,776 to €50,233
- Gross operating margin +€11,437
up €11,437 (+10.2%), from €112,656 to €124,093
- Taxes +€6,419
up €6,419 (+46.9%), from €13,676 to €20,095
- Depreciation -€4,754
down €4,754 (-10.5%), from €45,275 to €40,521
- Financial charges -€1,977
down €1,977 (-13.3%), from €14,890 to €12,913
- Other operating charges -€1,303
down €1,303 (-24.8%), from €5,260 to €3,956
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 | €436,285 | €390,682 | -€45,603 | -10.5% |
| Fixed assets | 21/28 | €399,150 | €347,534 | -€51,617 | -12.9% |
| Tangible fixed assets | 22/27 | €399,150 | €347,534 | -€51,617 | -12.9% |
| Land and buildings | 22 | €288,200 | €278,000 | -€10,200 | -3.5% |
| Plant, machinery and equipment | 23 | €72,050 | €51,725 | -€20,325 | -28.2% |
| Furniture and vehicles | 24 | €38,901 | €17,809 | -€21,092 | -54.2% |
| Current assets | 29/58 | €37,135 | €43,148 | +€6,013 | +16.2% |
| Stocks and contracts in progress | 3 | €11,450 | €8,825 | -€2,625 | -22.9% |
| Stocks | 30/36 | €11,450 | €8,825 | -€2,625 | -22.9% |
| Amounts receivable within one year | 40/41 | €11,709 | €11,221 | -€488 | -4.2% |
| Trade receivables | 40 | €8,226 | €7,905 | -€321 | -3.9% |
| Other amounts receivable | 41 | €3,483 | €3,316 | -€167 | -4.8% |
| Cash at bank and in hand | 54/58 | €6,234 | €10,801 | +€4,567 | +73.3% |
| Deferred charges and accrued income | 490/1 | €7,742 | €12,301 | +€4,560 | +58.9% |
| Total equity and liabilities | 10/49 | €436,285 | €390,682 | -€45,603 | -10.5% |
| Equity | 10/15 | €163,128 | €100,758 | -€62,371 | -38.2% |
| Contributions | 10/11 | €80,000 | €1 | -€79,999 | -100.0% |
| Reserves | 13 | €83,128 | €100,757 | +€17,628 | +21.2% |
| Distributable reserves | 133 | €83,128 | €100,757 | +€17,628 | +21.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €273,157 | €289,924 | +€16,767 | +6.1% |
| Amounts payable after more than one year | 17 | €127,988 | €195,025 | +€67,037 | +52.4% |
| Financial debts | 170/4 | €127,988 | €195,025 | +€67,037 | +52.4% |
| Amounts payable within one year | 42/48 | €140,752 | €92,854 | -€47,898 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €34,776 | €50,233 | +€15,457 | +44.4% |
| Trade debts | 44 | €19,677 | €10,269 | -€9,408 | -47.8% |
| Suppliers | 440/4 | €19,677 | €10,269 | -€9,408 | -47.8% |
| Taxes, remuneration and social security | 45 | €9,535 | €9,544 | +€9 | +0.1% |
| Taxes | 450/3 | €5,954 | €6,091 | +€137 | +2.3% |
| Remuneration and social security | 454/9 | €3,582 | €3,453 | -€128 | -3.6% |
| Other amounts payable | 47/48 | €76,764 | €22,809 | -€53,955 | -70.3% |
| Accrued charges and deferred income | 492/3 | €4,417 | €2,045 | -€2,372 | -53.7% |
| Remuneration, social security and pensions | 62 | €4,673 | €3,708 | -€965 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,275 | €40,521 | -€4,754 | -10.5% |
| Other operating charges | 640/8 | €5,260 | €3,956 | -€1,303 | -24.8% |
| Gross operating margin | 9900 | €112,656 | €124,093 | +€11,437 | +10.2% |
| Operating profit (loss) | 9901 | €57,448 | €75,907 | +€18,460 | +32.1% |
| Financial income | 75/76B | €0 | €48 | +€48 | +20,813% |
| Recurring financial income | 75 | €0 | €48 | +€48 | +20,813% |
| Financial charges | 65/66B | €14,890 | €12,913 | -€1,977 | -13.3% |
| Recurring financial charges | 65 | €14,890 | €12,913 | -€1,977 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €42,558 | €63,043 | +€20,485 | +48.1% |
| Income taxes | 67/77 | €13,676 | €20,095 | +€6,419 | +46.9% |
| Profit (loss) for the period | 9904 | €28,882 | €42,948 | +€14,066 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,882 | €42,948 | +€14,066 | +48.7% |
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 31 October 2026 via checked.be.