COBECO: 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.
COBECO
Largest movements
- Current investments +€12,000
up €12,000 (+32.5%), from €36,893 to €48,893
- Receivables within one year +€3,814
up €3,814 (+1432.7%), from €266 to €4,080
- Tangible fixed assets +€3,772
up €3,772 (+9.6%), from €39,453 to €43,225
of which Furniture and vehicles: +€5,772
- Cash -€3,728
down €3,728 (-9.8%), from €37,863 to €34,135
mainly Current investments (-€12,000) and Investment in fixed assets (net) (-€8,408)
- Reserves +€19,331
up €19,331 (+20.7%), from €93,286 to €112,618
of which Distributable reserves: +€19,331
- Debts after one year -€4,831
down €4,831 (-43.8%), from €11,024 to €6,193
- Other debts +€1,413
up €1,413 (+37.6%), from €3,759 to €5,173
- Gross operating margin -€3,230
down €3,230 (-8.0%), from €40,375 to €37,145
- Depreciation +€1,939
up €1,939 (+71.9%), from €2,696 to €4,636
- Financial charges -€1,171
down €1,171 (-59.7%), from €1,961 to €790
- Taxes -€882
down €882 (-7.5%), from €11,768 to €10,886
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 | €116,043 | €131,993 | +€15,951 | +13.7% |
| Fixed assets | 21/28 | €39,453 | €43,225 | +€3,772 | +9.6% |
| Tangible fixed assets | 22/27 | €39,453 | €43,225 | +€3,772 | +9.6% |
| Land and buildings | 22 | €36,333 | €34,333 | -€2,000 | -5.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,119 | €8,892 | +€5,772 | +185.0% |
| Current assets | 29/58 | €76,590 | €88,768 | +€12,178 | +15.9% |
| Amounts receivable within one year | 40/41 | €266 | €4,080 | +€3,814 | +1432.7% |
| Trade receivables | 40 | €266 | €4,080 | +€3,814 | +1432.7% |
| Current investments | 50/53 | €36,893 | €48,893 | +€12,000 | +32.5% |
| Cash at bank and in hand | 54/58 | €37,863 | €34,135 | -€3,728 | -9.8% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,660 | +€92 | +5.9% |
| Total equity and liabilities | 10/49 | €116,043 | €131,993 | +€15,951 | +13.7% |
| Equity | 10/15 | €93,286 | €112,618 | +€19,331 | +20.7% |
| Reserves | 13 | €93,286 | €112,618 | +€19,331 | +20.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €74,536 | €93,868 | +€19,331 | +25.9% |
| Amounts payable | 17/49 | €22,756 | €19,375 | -€3,381 | -14.9% |
| Amounts payable after more than one year | 17 | €11,024 | €6,193 | -€4,831 | -43.8% |
| Financial debts | 170/4 | €11,024 | €6,193 | -€4,831 | -43.8% |
| Amounts payable within one year | 42/48 | €11,732 | €13,182 | +€1,450 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €4,724 | €4,831 | +€107 | +2.3% |
| Trade debts | 44 | €591 | €1,383 | +€791 | +133.8% |
| Suppliers | 440/4 | €591 | €1,383 | +€791 | +133.8% |
| Taxes, remuneration and social security | 45 | €2,658 | €1,796 | -€862 | -32.4% |
| Taxes | 450/3 | €2,658 | €1,796 | -€862 | -32.4% |
| Other amounts payable | 47/48 | €3,759 | €5,173 | +€1,413 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,696 | €4,636 | +€1,939 | +71.9% |
| Other operating charges | 640/8 | €1,296 | €1,502 | +€206 | +15.9% |
| Gross operating margin | 9900 | €40,375 | €37,145 | -€3,230 | -8.0% |
| Operating profit (loss) | 9901 | €36,383 | €31,007 | -€5,376 | -14.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €1,961 | €790 | -€1,171 | -59.7% |
| Recurring financial charges | 65 | €1,961 | €790 | -€1,171 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €34,422 | €30,218 | -€4,205 | -12.2% |
| Income taxes | 67/77 | €11,768 | €10,886 | -€882 | -7.5% |
| Profit (loss) for the period | 9904 | €22,654 | €19,331 | -€3,323 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,654 | €19,331 | -€3,323 | -14.7% |
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 4 October 2026 via checked.be.