COBE: 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.
COBE
Largest movements
- Cash +€172,572
up €172,572 (+6,768%), from €2,550 to €175,122
mainly Other debts (+€230,985) and Depreciation (+€28,640)
- Tangible fixed assets -€28,641
down €28,641 (-10.2%), from €279,759 to €251,118
of which Land and buildings: -€20,656
- Other debts +€230,985
up €230,985 (+521%), from €44,347 to €275,332
- Short-term financial debts -€35,051
down €35,051 (-74.4%), from €47,129 to €12,078
of which Credit institutions: -€47,129
- Profit (loss) carried forward -€24,062
down €24,062 (-9.6%), from -€250,691 to -€274,753
- Current portion of long-term debt -€15,863
no longer reported in 2022 (was €15,863)
- Debts after one year -€12,078
no longer reported in 2022 (was €12,078)
- Gross operating margin -€5,099
down €5,099 (-28.4%), from €17,956 to €12,857
- Financial charges +€653
up €653 (+44.5%), from €1,466 to €2,119
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,309 | €426,240 | +€143,931 | +51.0% |
| Fixed assets | 21/28 | €279,759 | €251,118 | -€28,641 | -10.2% |
| Tangible fixed assets | 22/27 | €279,759 | €251,118 | -€28,641 | -10.2% |
| Land and buildings | 22 | €216,990 | €196,334 | -€20,656 | -9.5% |
| Plant, machinery and equipment | 23 | €49,217 | €42,407 | -€6,810 | -13.8% |
| Furniture and vehicles | 24 | €4,698 | €3,523 | -€1,175 | -25.0% |
| Assets under construction and advance payments | 27 | €8,854 | €8,854 | = | 0.0% |
| Current assets | 29/58 | €2,550 | €175,122 | +€172,572 | +6,768% |
| Cash at bank and in hand | 54/58 | €2,550 | €175,122 | +€172,572 | +6,768% |
| Total equity and liabilities | 10/49 | €282,309 | €426,240 | +€143,931 | +51.0% |
| Equity | 10/15 | €162,892 | €138,830 | -€24,062 | -14.8% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €326,820 | €326,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €301,000 | €301,000 | = | 0.0% |
| Distributable reserves | 133 | €25,820 | €25,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,691 | -€274,753 | -€24,062 | -9.6% |
| Amounts payable | 17/49 | €119,417 | €287,410 | +€167,993 | +141% |
| Amounts payable after more than one year | 17 | €12,078 | - | -€12,078 | |
| Financial debts | 170/4 | €12,078 | - | -€12,078 | |
| Amounts payable within one year | 42/48 | €107,339 | €287,410 | +€180,071 | +168% |
| Current portion of amounts payable after more than one year | 42 | €15,863 | - | -€15,863 | |
| Financial debts | 43 | €47,129 | €12,078 | -€35,051 | -74.4% |
| Credit institutions | 430/8 | €47,129 | - | -€47,129 | |
| Other loans | 439 | - | €12,078 | +€12,078 | |
| Other amounts payable | 47/48 | €44,347 | €275,332 | +€230,985 | +521% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,556 | €28,640 | +€84 | +0.3% |
| Other operating charges | 640/8 | €6,057 | €6,159 | +€102 | +1.7% |
| Gross operating margin | 9900 | €17,956 | €12,857 | -€5,099 | -28.4% |
| Operating profit (loss) | 9901 | -€16,657 | -€21,942 | -€5,285 | -31.7% |
| Financial charges | 65/66B | €1,466 | €2,119 | +€653 | +44.5% |
| Recurring financial charges | 65 | €1,466 | €2,119 | +€653 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,123 | -€24,061 | -€5,938 | -32.8% |
| Profit (loss) for the period | 9904 | -€18,123 | -€24,061 | -€5,938 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,123 | -€24,061 | -€5,938 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.