COBBECO: 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.
COBBECO
Largest movements
- Tangible fixed assets -€18,057
down €18,057 (-6.9%), from €263,189 to €245,131
of which Land and buildings: -€10,284
- Cash -€14,101
down €14,101 (-66.8%), from €21,109 to €7,008
mainly Net result for the year (-€17,259) and Debts after one year (-€8,253)
- Deferred charges and accrued income -€4,410
down €4,410 (-70.6%), from €6,242 to €1,832
- Profit (loss) carried forward -€17,259
down €17,259 (-164%), from -€10,534 to -€27,793
- Debts after one year -€8,253
down €8,253 (-100%), from €8,253 to €0
- Other debts -€8,194
down €8,194 (-5.0%), from €164,852 to €156,659
- Gross operating margin -€30,137
down €30,137 (-90.0%), from €33,482 to €3,345
- Depreciation -€1,516
down €1,516 (-7.7%), from €19,574 to €18,057
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 | €293,106 | €257,290 | -€35,816 | -12.2% |
| Fixed assets | 21/28 | €263,189 | €245,131 | -€18,057 | -6.9% |
| Tangible fixed assets | 22/27 | €263,189 | €245,131 | -€18,057 | -6.9% |
| Land and buildings | 22 | €226,311 | €216,027 | -€10,284 | -4.5% |
| Plant, machinery and equipment | 23 | €36,877 | €29,104 | -€7,773 | -21.1% |
| Current assets | 29/58 | €29,917 | €12,159 | -€17,759 | -59.4% |
| Stocks and contracts in progress | 3 | €2,557 | €2,557 | = | 0.0% |
| Stocks | 30/36 | €2,557 | €2,557 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9 | €761 | +€752 | +8,183% |
| Trade receivables | 40 | €0 | €761 | +€761 | |
| Other amounts receivable | 41 | €9 | €0 | -€9 | -100% |
| Cash at bank and in hand | 54/58 | €21,109 | €7,008 | -€14,101 | -66.8% |
| Deferred charges and accrued income | 490/1 | €6,242 | €1,832 | -€4,410 | -70.6% |
| Total equity and liabilities | 10/49 | €293,106 | €257,290 | -€35,816 | -12.2% |
| Equity | 10/15 | €108,752 | €91,494 | -€17,259 | -15.9% |
| Contributions | 10/11 | €119,040 | €119,040 | = | 0.0% |
| Reserves | 13 | €246 | €246 | = | 0.0% |
| Distributable reserves | 133 | €246 | €246 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,534 | -€27,793 | -€17,259 | -164% |
| Amounts payable | 17/49 | €184,354 | €165,796 | -€18,557 | -10.1% |
| Amounts payable after more than one year | 17 | €8,253 | €0 | -€8,253 | -100% |
| Financial debts | 170/4 | €8,253 | €0 | -€8,253 | -100% |
| Amounts payable within one year | 42/48 | €176,100 | €165,689 | -€10,411 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €8,194 | €7,032 | -€1,163 | -14.2% |
| Trade debts | 44 | €1,190 | €1,249 | +€58 | +4.9% |
| Suppliers | 440/4 | €1,190 | €1,249 | +€58 | +4.9% |
| Taxes, remuneration and social security | 45 | €1,864 | €751 | -€1,113 | -59.7% |
| Taxes | 450/3 | €1,864 | €751 | -€1,113 | -59.7% |
| Other amounts payable | 47/48 | €164,852 | €156,659 | -€8,194 | -5.0% |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,574 | €18,057 | -€1,516 | -7.7% |
| Other operating charges | 640/8 | €1,555 | €1,837 | +€281 | +18.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,482 | €3,345 | -€30,137 | -90.0% |
| Operating profit (loss) | 9901 | €12,353 | -€16,549 | -€28,902 | |
| Financial income | 75/76B | €5 | €46 | +€41 | +877% |
| Recurring financial income | 75 | €5 | €46 | +€41 | +877% |
| Financial charges | 65/66B | €841 | €581 | -€260 | -31.0% |
| Recurring financial charges | 65 | €841 | €581 | -€260 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €11,517 | -€17,084 | -€28,600 | |
| Income taxes | 67/77 | €139 | €175 | +€36 | +25.7% |
| Profit (loss) for the period | 9904 | €11,378 | -€17,259 | -€28,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,378 | -€17,259 | -€28,636 |
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 24 October 2026 via checked.be.