COBBAUT: what changed
Two fiscal 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
- Receivables within one year -€130,316
down €130,316 (-3.9%), from €3.3m to €3.2m
of which Other amounts receivable: -€88,271
- Stocks and contracts +€45,000
up €45,000 (+24.0%), from €187,150 to €232,150
- Deferred charges and accrued income +€39,192
up €39,192, from €0 to €39,192
- Accrued charges and deferred income +€168,422
new in 2025: €168,422
- Trade debts -€95,255
down €95,255 (-2.6%), from €3.6m to €3.6m
- Tax, wage and social debts -€72,759
down €72,759 (-93.0%), from €78,273 to €5,514
- Profit (loss) carried forward -€51,556
down €51,556 (-7.2%), from -€718,947 to -€770,503
- Gross operating margin -€388,622
down €388,622, from €339,882 to -€48,740
- Financial income -€32,789
down €32,789 (-100.0%), from €32,789 to €0
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 | €3,517,523 | €3,471,405 | -€46,119 | -1.3% |
| Fixed assets | 21/28 | €25,000 | €25,000 | = | 0.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €3,492,523 | €3,446,405 | -€46,119 | -1.3% |
| Stocks and contracts in progress | 3 | €187,150 | €232,150 | +€45,000 | +24.0% |
| Stocks | 30/36 | €187,150 | €232,150 | +€45,000 | +24.0% |
| Amounts receivable within one year | 40/41 | €3,304,283 | €3,173,968 | -€130,316 | -3.9% |
| Trade receivables | 40 | €3,216,012 | €3,173,968 | -€42,045 | -1.3% |
| Other amounts receivable | 41 | €88,271 | €0 | -€88,271 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,090 | €1,095 | +€5 | +0.5% |
| Deferred charges and accrued income | 490/1 | €0 | €39,192 | +€39,192 | |
| Total equity and liabilities | 10/49 | €3,517,523 | €3,471,405 | -€46,119 | -1.3% |
| Equity | 10/15 | -€625,614 | -€677,170 | -€51,556 | -8.2% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €55,833 | €55,833 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,792 | €2,792 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,792 | €2,792 | = | 0.0% |
| Distributable reserves | 133 | €53,041 | €53,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€718,947 | -€770,503 | -€51,556 | -7.2% |
| Amounts payable | 17/49 | €4,143,138 | €4,148,575 | +€5,438 | +0.1% |
| Amounts payable within one year | 42/48 | €4,143,138 | €3,980,154 | -€162,984 | -3.9% |
| Trade debts | 44 | €3,646,412 | €3,551,157 | -€95,255 | -2.6% |
| Suppliers | 440/4 | €3,646,412 | €3,551,157 | -€95,255 | -2.6% |
| Taxes, remuneration and social security | 45 | €78,273 | €5,514 | -€72,759 | -93.0% |
| Taxes | 450/3 | €78,273 | €5,514 | -€72,759 | -93.0% |
| Other amounts payable | 47/48 | €418,453 | €423,483 | +€5,030 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €168,422 | +€168,422 | |
| Remuneration, social security and pensions | 62 | -€1,032 | €0 | +€1,032 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,136 | €1,993 | +€857 | +75.5% |
| Gross operating margin | 9900 | €339,882 | -€48,740 | -€388,622 | |
| Operating profit (loss) | 9901 | €339,779 | -€50,733 | -€390,512 | |
| Financial income | 75/76B | €32,789 | €0 | -€32,789 | -100.0% |
| Recurring financial income | 75 | €32,789 | €0 | -€32,789 | -100.0% |
| Financial charges | 65/66B | €74 | €824 | +€750 | +1019.0% |
| Recurring financial charges | 65 | €74 | €824 | +€750 | +1019.0% |
| Profit (loss) for the period before taxes | 9903 | €372,494 | -€51,556 | -€424,050 | |
| Profit (loss) for the period | 9904 | €372,494 | -€51,556 | -€424,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €372,494 | -€51,556 | -€424,050 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.