COBBAUT: 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.
COBBAUT
Largest movements
- Tangible fixed assets -€18,963
down €18,963 (-39.3%), from €48,281 to €29,318
of which Furniture and vehicles: -€18,517
- Cash +€8,619
up €8,619 (+6.1%), from €142,001 to €150,620
mainly Depreciation (+€21,346) and Receivables within one year (+€1,396)
- Profit (loss) carried forward -€12,086
down €12,086 (-19.9%), from €60,597 to €48,511
- Gross operating margin -€10,356
down €10,356 (-46.8%), from €22,138 to €11,782
- Taxes -€6,654
no longer reported in 2025 (was €6,654)
- Depreciation +€1,100
up €1,100 (+5.4%), from €20,246 to €21,346
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 | €198,521 | €186,681 | -€11,840 | -6.0% |
| Fixed assets | 21/28 | €48,281 | €29,318 | -€18,963 | -39.3% |
| Tangible fixed assets | 22/27 | €48,281 | €29,318 | -€18,963 | -39.3% |
| Plant, machinery and equipment | 23 | €12,714 | €12,268 | -€446 | -3.5% |
| Furniture and vehicles | 24 | €35,567 | €17,050 | -€18,517 | -52.1% |
| Current assets | 29/58 | €150,240 | €157,363 | +€7,123 | +4.7% |
| Stocks and contracts in progress | 3 | €332 | €232 | -€100 | -30.1% |
| Stocks | 30/36 | €332 | €232 | -€100 | -30.1% |
| Amounts receivable within one year | 40/41 | €7,907 | €6,511 | -€1,396 | -17.7% |
| Trade receivables | 40 | €7,727 | €6,150 | -€1,577 | -20.4% |
| Other amounts receivable | 41 | €180 | €361 | +€181 | +100.6% |
| Cash at bank and in hand | 54/58 | €142,001 | €150,620 | +€8,619 | +6.1% |
| Total equity and liabilities | 10/49 | €198,521 | €186,681 | -€11,840 | -6.0% |
| Equity | 10/15 | €195,097 | €183,011 | -€12,086 | -6.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €64,500 | €64,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,500 | - | -€64,500 | |
| Distributable reserves | 133 | - | €64,500 | +€64,500 | |
| Profit (loss) carried forward | 14 | €60,597 | €48,511 | -€12,086 | -19.9% |
| Amounts payable | 17/49 | €3,424 | €3,670 | +€246 | +7.2% |
| Amounts payable within one year | 42/48 | €3,424 | €3,670 | +€246 | +7.2% |
| Trade debts | 44 | €88 | - | -€88 | |
| Suppliers | 440/4 | €88 | - | -€88 | |
| Taxes, remuneration and social security | 45 | €3,336 | €3,670 | +€334 | +10.0% |
| Taxes | 450/3 | €3,336 | €3,670 | +€334 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,246 | €21,346 | +€1,100 | +5.4% |
| Other operating charges | 640/8 | €2,818 | €2,992 | +€174 | +6.2% |
| Gross operating margin | 9900 | €22,138 | €11,782 | -€10,356 | -46.8% |
| Operating profit (loss) | 9901 | -€926 | -€12,556 | -€11,630 | -1255.9% |
| Financial income | 75/76B | €600 | €604 | +€4 | +0.7% |
| Recurring financial income | 75 | €600 | €604 | +€4 | +0.7% |
| Financial charges | 65/66B | €133 | €134 | +€1 | +0.8% |
| Recurring financial charges | 65 | €133 | €134 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€459 | -€12,086 | -€11,627 | -2533.1% |
| Income taxes | 67/77 | €6,654 | - | -€6,654 | |
| Profit (loss) for the period | 9904 | -€7,113 | -€12,086 | -€4,973 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,113 | -€12,086 | -€4,973 | -69.9% |
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 9 October 2026 via checked.be.