COBEA: 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.
COBEA
Largest movements
- Cash -€36,537
down €36,537 (-95.6%), from €38,220 to €1,682
mainly Receivables within one year (-€23,972) and Other debts (-€7,435)
- Receivables within one year +€23,972
new in 2025: €23,972
- Other debts -€7,435
down €7,435 (-19.4%), from €38,324 to €30,890
- Profit (loss) carried forward -€5,219
down €5,219 (-115.9%), from -€4,501 to -€9,720
- Purchases and services -€28,403
no longer reported in 2025 (was €28,403)
- Gross operating margin -€10,058
down €10,058, from €6,000 to -€4,057
- Other operating charges -€933
down €933 (-46.9%), from €1,990 to €1,057
- Depreciation -€397
no longer reported in 2025 (was €397)
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 | €118,216 | €105,563 | -€12,653 | -10.7% |
| Fixed assets | 21/28 | €79,909 | €79,909 | = | 0.0% |
| Financial fixed assets | 28 | €79,909 | €79,909 | = | 0.0% |
| Current assets | 29/58 | €38,307 | €25,654 | -€12,653 | -33.0% |
| Amounts receivable within one year | 40/41 | - | €23,972 | +€23,972 | |
| Other amounts receivable | 41 | - | €23,972 | +€23,972 | |
| Cash at bank and in hand | 54/58 | €38,220 | €1,682 | -€36,537 | -95.6% |
| Deferred charges and accrued income | 490/1 | €88 | - | -€88 | |
| Total equity and liabilities | 10/49 | €118,216 | €105,563 | -€12,653 | -10.7% |
| Equity | 10/15 | €79,892 | €74,673 | -€5,219 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,793 | €65,793 | = | 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 | €63,933 | €63,933 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,501 | -€9,720 | -€5,219 | -115.9% |
| Amounts payable | 17/49 | €38,324 | €30,890 | -€7,435 | -19.4% |
| Amounts payable within one year | 42/48 | €38,324 | €30,890 | -€7,435 | -19.4% |
| Other amounts payable | 47/48 | €38,324 | €30,890 | -€7,435 | -19.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,403 | - | -€28,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397 | - | -€397 | |
| Other operating charges | 640/8 | €1,990 | €1,057 | -€933 | -46.9% |
| Gross operating margin | 9900 | €6,000 | -€4,057 | -€10,058 | |
| Operating profit (loss) | 9901 | €3,613 | -€5,114 | -€8,727 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €155 | €104 | -€51 | -32.8% |
| Recurring financial charges | 65 | €155 | €104 | -€51 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €3,466 | -€5,219 | -€8,684 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | €3,463 | -€5,219 | -€8,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,463 | -€5,219 | -€8,682 |
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 30 September 2026 via checked.be.