COBEBOUW: 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.
COBEBOUW
Largest movements
- Cash +€92,392
up €92,392 (+871.2%), from €10,605 to €102,997
mainly Receivables within one year (+€35,094) and Stocks and contracts (+€26,833)
- Receivables within one year -€35,094
down €35,094 (-49.5%), from €70,960 to €35,866
of which Other amounts receivable: -€60,636
- Stocks and contracts -€26,833
down €26,833 (-80.5%), from €33,333 to €6,500
of which Contracts in progress: -€33,333
- Tangible fixed assets -€14,534
down €14,534 (-22.6%), from €64,316 to €49,782
of which Furniture and vehicles: -€13,125
- Deferred charges and accrued income -€2,636
down €2,636 (-45.2%), from €5,828 to €3,192
- Debts after one year -€17,222
down €17,222 (-45.3%), from €38,049 to €20,826
- Profit (loss) carried forward +€16,120
up €16,120 (+27.6%), from €58,509 to €74,629
- Tax, wage and social debts +€14,274
new in 2025: €14,274
- Other debts +€10,899
new in 2025: €10,899
- Trade debts -€7,632
down €7,632 (-12.1%), from €63,119 to €55,487
- Gross operating margin +€18,685
up €18,685 (+60.6%), from €30,844 to €49,530
- Taxes +€3,935
up €3,935 (+247.4%), from €1,590 to €5,525
- Financial income -€2,861
down €2,861 (-97.5%), from €2,935 to €74
- Depreciation -€2,582
down €2,582 (-9.8%), from €26,251 to €23,669
- Financial charges -€527
down €527 (-16.7%), from €3,158 to €2,631
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 | €185,042 | €198,337 | +€13,296 | +7.2% |
| Fixed assets | 21/28 | €64,316 | €49,782 | -€14,534 | -22.6% |
| Tangible fixed assets | 22/27 | €64,316 | €49,782 | -€14,534 | -22.6% |
| Plant, machinery and equipment | 23 | €28,093 | €26,684 | -€1,409 | -5.0% |
| Furniture and vehicles | 24 | €36,223 | €23,098 | -€13,125 | -36.2% |
| Current assets | 29/58 | €120,725 | €148,555 | +€27,829 | +23.1% |
| Stocks and contracts in progress | 3 | €33,333 | €6,500 | -€26,833 | -80.5% |
| Stocks | 30/36 | - | €6,500 | +€6,500 | |
| Contracts in progress | 37 | €33,333 | - | -€33,333 | |
| Amounts receivable within one year | 40/41 | €70,960 | €35,866 | -€35,094 | -49.5% |
| Trade receivables | 40 | €7,714 | €33,256 | +€25,541 | +331.1% |
| Other amounts receivable | 41 | €63,245 | €2,610 | -€60,636 | -95.9% |
| Cash at bank and in hand | 54/58 | €10,605 | €102,997 | +€92,392 | +871.2% |
| Deferred charges and accrued income | 490/1 | €5,828 | €3,192 | -€2,636 | -45.2% |
| Total equity and liabilities | 10/49 | €185,042 | €198,337 | +€13,296 | +7.2% |
| Equity | 10/15 | €63,509 | €79,629 | +€16,120 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,509 | €74,629 | +€16,120 | +27.6% |
| Amounts payable | 17/49 | €121,533 | €118,708 | -€2,824 | -2.3% |
| Amounts payable after more than one year | 17 | €38,049 | €20,826 | -€17,222 | -45.3% |
| Financial debts | 170/4 | €38,049 | €20,826 | -€17,222 | -45.3% |
| Amounts payable within one year | 42/48 | €83,484 | €97,882 | +€14,398 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €20,365 | €17,222 | -€3,143 | -15.4% |
| Trade debts | 44 | €63,119 | €55,487 | -€7,632 | -12.1% |
| Suppliers | 440/4 | €63,119 | €55,487 | -€7,632 | -12.1% |
| Taxes, remuneration and social security | 45 | - | €14,274 | +€14,274 | |
| Taxes | 450/3 | - | €14,274 | +€14,274 | |
| Other amounts payable | 47/48 | - | €10,899 | +€10,899 | |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,251 | €23,669 | -€2,582 | -9.8% |
| Other operating charges | 640/8 | €1,106 | €1,488 | +€382 | +34.6% |
| Gross operating margin | 9900 | €30,844 | €49,530 | +€18,685 | +60.6% |
| Operating profit (loss) | 9901 | €3,324 | €24,203 | +€20,879 | +628.0% |
| Financial income | 75/76B | €2,935 | €74 | -€2,861 | -97.5% |
| Recurring financial income | 75 | €2,935 | €74 | -€2,861 | -97.5% |
| Financial charges | 65/66B | €3,158 | €2,631 | -€527 | -16.7% |
| Recurring financial charges | 65 | €3,158 | €2,631 | -€527 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €3,101 | €21,645 | +€18,544 | +598.0% |
| Income taxes | 67/77 | €1,590 | €5,525 | +€3,935 | +247.4% |
| Profit (loss) for the period | 9904 | €1,511 | €16,120 | +€14,609 | +967.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,511 | €16,120 | +€14,609 | +967.1% |
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 6 October 2026 via checked.be.