COBBLERSSON: 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.
COBBLERSSON
Largest movements
- Tangible fixed assets -€38,428
down €38,428 (-20.0%), from €192,233 to €153,804
of which Assets under construction and advance payments: -€23,253
- Receivables within one year -€26,266
down €26,266 (-92.1%), from €28,522 to €2,256
of which Trade receivables: -€23,042
- Cash -€4,503
down €4,503 (-86.4%), from €5,214 to €710
mainly Net result for the year (-€54,887) and Debts after one year (-€18,810)
- Profit (loss) carried forward -€54,887
down €54,887 (-158.3%), from -€34,679 to -€89,566
- Debts after one year -€18,810
down €18,810 (-40.1%), from €46,891 to €28,080
- Other debts +€18,797
new in 2025: €18,797
- Tax, wage and social debts -€17,513
down €17,513 (-17.5%), from €100,094 to €82,580
of which Remuneration and social security: -€14,098
- Trade debts +€2,612
new in 2025: €2,612
- Gross operating margin -€17,242
down €17,242 (-82.2%), from €20,977 to €3,735
- Write-downs +€10,000
new in 2025: €10,000
- Depreciation +€3,760
up €3,760 (+9.9%), from €38,142 to €41,902
- Other operating charges +€2,231
up €2,231 (+261.9%), from €852 to €3,082
- Financial charges +€1,340
up €1,340 (+61.4%), from €2,182 to €3,522
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 | €225,968 | €156,770 | -€69,198 | -30.6% |
| Fixed assets | 21/28 | €192,233 | €153,804 | -€38,428 | -20.0% |
| Tangible fixed assets | 22/27 | €192,233 | €153,804 | -€38,428 | -20.0% |
| Land and buildings | 22 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Plant, machinery and equipment | 23 | €12,960 | €8,175 | -€4,785 | -36.9% |
| Furniture and vehicles | 24 | €23,109 | €16,718 | -€6,391 | -27.7% |
| Assets under construction and advance payments | 27 | €140,164 | €116,911 | -€23,253 | -16.6% |
| Current assets | 29/58 | €33,735 | €2,966 | -€30,770 | -91.2% |
| Amounts receivable within one year | 40/41 | €28,522 | €2,256 | -€26,266 | -92.1% |
| Trade receivables | 40 | €25,142 | €2,100 | -€23,042 | -91.6% |
| Other amounts receivable | 41 | €3,380 | €156 | -€3,225 | -95.4% |
| Cash at bank and in hand | 54/58 | €5,214 | €710 | -€4,503 | -86.4% |
| Total equity and liabilities | 10/49 | €225,968 | €156,770 | -€69,198 | -30.6% |
| Equity | 10/15 | €60,777 | €5,890 | -€54,887 | -90.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €83,056 | €83,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,196 | €81,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,679 | -€89,566 | -€54,887 | -158.3% |
| Amounts payable | 17/49 | €165,191 | €150,880 | -€14,311 | -8.7% |
| Amounts payable after more than one year | 17 | €46,891 | €28,080 | -€18,810 | -40.1% |
| Financial debts | 170/4 | €46,891 | €28,080 | -€18,810 | -40.1% |
| Amounts payable within one year | 42/48 | €118,300 | €122,799 | +€4,499 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €18,206 | €18,810 | +€604 | +3.3% |
| Trade debts | 44 | - | €2,612 | +€2,612 | |
| Suppliers | 440/4 | - | €2,612 | +€2,612 | |
| Taxes, remuneration and social security | 45 | €100,094 | €82,580 | -€17,513 | -17.5% |
| Taxes | 450/3 | €3,917 | €502 | -€3,415 | -87.2% |
| Remuneration and social security | 454/9 | €96,177 | €82,079 | -€14,098 | -14.7% |
| Other amounts payable | 47/48 | - | €18,797 | +€18,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,142 | €41,902 | +€3,760 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €852 | €3,082 | +€2,231 | +261.9% |
| Gross operating margin | 9900 | €20,977 | €3,735 | -€17,242 | -82.2% |
| Operating profit (loss) | 9901 | -€18,016 | -€51,249 | -€33,233 | -184.5% |
| Financial income | 75/76B | €8 | €25 | +€17 | +220.7% |
| Recurring financial income | 75 | €8 | €25 | +€17 | +220.7% |
| Financial charges | 65/66B | €2,182 | €3,522 | +€1,340 | +61.4% |
| Recurring financial charges | 65 | €2,182 | €3,522 | +€1,340 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,191 | -€54,747 | -€34,556 | -171.1% |
| Income taxes | 67/77 | €155 | €140 | -€15 | -9.4% |
| Profit (loss) for the period | 9904 | -€20,346 | -€54,887 | -€34,541 | -169.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,346 | -€54,887 | -€34,541 | -169.8% |
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 11 October 2026 via checked.be.