COBBLESTONE: 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.
COBBLESTONE
Largest movements
- Receivables within one year -€62,671
down €62,671 (-63.3%), from €98,953 to €36,283
of which Other amounts receivable: -€34,706
- Cash -€2,688
down €2,688 (-10.2%), from €26,331 to €23,643
mainly Trade debts (-€26,889) and Net result for the year (-€18,134)
- Deferred charges and accrued income -€2,176
no longer reported in 2025 (was €2,176)
- Tangible fixed assets -€1,639
down €1,639 (-23.9%), from €6,851 to €5,213
of which Plant, machinery and equipment: -€1,219
- Trade debts -€26,889
down €26,889 (-52.5%), from €51,241 to €24,352
- Profit (loss) carried forward -€18,134
down €18,134 (-52.8%), from €34,353 to €16,219
- Tax, wage and social debts -€9,027
down €9,027 (-57.8%), from €15,627 to €6,600
of which Taxes: -€9,027
- Current portion of long-term debt -€6,914
down €6,914 (-65.2%), from €10,610 to €3,697
- Accrued charges and deferred income -€4,513
no longer reported in 2025 (was €4,513)
- Gross operating margin -€35,513
down €35,513, from €25,385 to -€10,129
- Staff costs -€2,439
down €2,439, from €2,346 to -€94
- Other operating charges -€1,973
down €1,973 (-67.4%), from €2,925 to €952
- Taxes -€421
down €421 (-58.1%), from €725 to €304
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 | €140,501 | €71,328 | -€69,173 | -49.2% |
| Fixed assets | 21/28 | €13,041 | €11,403 | -€1,639 | -12.6% |
| Tangible fixed assets | 22/27 | €6,851 | €5,213 | -€1,639 | -23.9% |
| Plant, machinery and equipment | 23 | €4,126 | €2,907 | -€1,219 | -29.5% |
| Other tangible fixed assets | 26 | €2,725 | €2,305 | -€420 | -15.4% |
| Financial fixed assets | 28 | €6,190 | €6,190 | = | 0.0% |
| Current assets | 29/58 | €127,460 | €59,925 | -€67,534 | -53.0% |
| Amounts receivable within one year | 40/41 | €98,953 | €36,283 | -€62,671 | -63.3% |
| Trade receivables | 40 | €41,905 | €13,940 | -€27,965 | -66.7% |
| Other amounts receivable | 41 | €57,049 | €22,343 | -€34,706 | -60.8% |
| Cash at bank and in hand | 54/58 | €26,331 | €23,643 | -€2,688 | -10.2% |
| Deferred charges and accrued income | 490/1 | €2,176 | - | -€2,176 | |
| Total equity and liabilities | 10/49 | €140,501 | €71,328 | -€69,173 | -49.2% |
| Equity | 10/15 | €54,813 | €36,679 | -€18,134 | -33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,353 | €16,219 | -€18,134 | -52.8% |
| Amounts payable | 17/49 | €85,688 | €34,649 | -€51,039 | -59.6% |
| Amounts payable after more than one year | 17 | €3,697 | - | -€3,697 | |
| Financial debts | 170/4 | €3,697 | - | -€3,697 | |
| Amounts payable within one year | 42/48 | €77,478 | €34,649 | -€42,829 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €10,610 | €3,697 | -€6,914 | -65.2% |
| Trade debts | 44 | €51,241 | €24,352 | -€26,889 | -52.5% |
| Suppliers | 440/4 | €51,241 | €24,352 | -€26,889 | -52.5% |
| Taxes, remuneration and social security | 45 | €15,627 | €6,600 | -€9,027 | -57.8% |
| Taxes | 450/3 | €15,446 | €6,420 | -€9,027 | -58.4% |
| Remuneration and social security | 454/9 | €181 | €181 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,513 | - | -€4,513 | |
| Non-recurring operating income | 76A | - | €9,402 | +€9,402 | |
| Remuneration, social security and pensions | 62 | €2,346 | -€94 | -€2,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €1,639 | = | 0.0% |
| Other operating charges | 640/8 | €2,925 | €952 | -€1,973 | -67.4% |
| Gross operating margin | 9900 | €25,385 | -€10,129 | -€35,513 | |
| Operating profit (loss) | 9901 | €18,475 | -€12,626 | -€31,102 | |
| Financial income | 75/76B | €284 | €142 | -€141 | -49.8% |
| Recurring financial income | 75 | €284 | €142 | -€141 | -49.8% |
| Financial charges | 65/66B | €5,517 | €5,346 | -€170 | -3.1% |
| Recurring financial charges | 65 | €5,517 | €5,346 | -€170 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €13,243 | -€17,830 | -€31,073 | |
| Income taxes | 67/77 | €725 | €304 | -€421 | -58.1% |
| Profit (loss) for the period | 9904 | €12,518 | -€18,134 | -€30,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,518 | -€18,134 | -€30,652 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.