COBEFERT: 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.
COBEFERT
Largest movements
- Current investments +€600,000
new in 2024: €600,000
- Cash -€521,992
down €521,992 (-69.0%), from €757,050 to €235,058
mainly Current investments (-€600,000) and Net result for the year (-€62,704)
- Receivables within one year -€48,600
down €48,600 (-10.0%), from €486,146 to €437,546
of which Trade receivables: -€50,788
- Accrued charges and deferred income +€100,623
up €100,623 (+28.7%), from €350,831 to €451,454
- Profit (loss) carried forward -€62,704
down €62,704 (-18.6%), from €336,803 to €274,100
- Tax, wage and social debts -€32,522
down €32,522 (-61.6%), from €52,782 to €20,260
of which Taxes: -€20,522
- Trade debts +€18,296
up €18,296 (+10.0%), from €182,452 to €200,748
- Gross operating margin -€78,767
down €78,767, from €72,606 to -€6,160
- Financial income +€7,365
up €7,365 (+14724.4%), from €50 to €7,415
- Depreciation +€4,468
up €4,468 (+9.6%), from €46,732 to €51,200
- Taxes -€4,305
no longer reported in 2024 (was €4,305)
- Financial charges +€2,801
up €2,801 (+40.3%), from €6,943 to €9,744
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,458,592 | €1,489,125 | +€30,533 | +2.1% |
| Fixed assets | 21/28 | €213,485 | €214,572 | +€1,086 | +0.5% |
| Tangible fixed assets | 22/27 | €213,485 | €214,572 | +€1,086 | +0.5% |
| Land and buildings | 22 | €54,401 | €49,746 | -€4,655 | -8.6% |
| Plant, machinery and equipment | 23 | €159,084 | €163,675 | +€4,590 | +2.9% |
| Furniture and vehicles | 24 | - | €1,150 | +€1,150 | |
| Current assets | 29/58 | €1,245,106 | €1,274,553 | +€29,447 | +2.4% |
| Amounts receivable within one year | 40/41 | €486,146 | €437,546 | -€48,600 | -10.0% |
| Trade receivables | 40 | €486,095 | €435,307 | -€50,788 | -10.4% |
| Other amounts receivable | 41 | €51 | €2,239 | +€2,188 | +4312.2% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €757,050 | €235,058 | -€521,992 | -69.0% |
| Deferred charges and accrued income | 490/1 | €1,910 | €1,949 | +€39 | +2.0% |
| Total equity and liabilities | 10/49 | €1,458,592 | €1,489,125 | +€30,533 | +2.1% |
| Equity | 10/15 | €615,428 | €552,725 | -€62,704 | -10.2% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Contributions outside capital | 11 | €240,000 | €240,000 | = | 0.0% |
| Other | 1109/19 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €38,625 | €38,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,225 | €36,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,803 | €274,100 | -€62,704 | -18.6% |
| Provisions and deferred taxes | 16 | €62,459 | €62,459 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €62,459 | €62,459 | = | 0.0% |
| Environmental obligations | 163 | €62,459 | €62,459 | = | 0.0% |
| Amounts payable | 17/49 | €780,704 | €873,941 | +€93,237 | +11.9% |
| Amounts payable within one year | 42/48 | €429,873 | €422,487 | -€7,386 | -1.7% |
| Trade debts | 44 | €182,452 | €200,748 | +€18,296 | +10.0% |
| Suppliers | 440/4 | €182,452 | €200,748 | +€18,296 | +10.0% |
| Taxes, remuneration and social security | 45 | €52,782 | €20,260 | -€32,522 | -61.6% |
| Taxes | 450/3 | €40,782 | €20,260 | -€20,522 | -50.3% |
| Remuneration and social security | 454/9 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €194,640 | €201,480 | +€6,840 | +3.5% |
| Accrued charges and deferred income | 492/3 | €350,831 | €451,454 | +€100,623 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,732 | €51,200 | +€4,468 | +9.6% |
| Other operating charges | 640/8 | €3,626 | €3,014 | -€612 | -16.9% |
| Gross operating margin | 9900 | €72,606 | -€6,160 | -€78,767 | |
| Operating profit (loss) | 9901 | €22,248 | -€60,375 | -€82,623 | |
| Financial income | 75/76B | €50 | €7,415 | +€7,365 | +14724.4% |
| Recurring financial income | 75 | €50 | €7,415 | +€7,365 | +14724.4% |
| Financial charges | 65/66B | €6,943 | €9,744 | +€2,801 | +40.3% |
| Recurring financial charges | 65 | €6,943 | €9,744 | +€2,801 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €15,355 | -€62,704 | -€78,059 | |
| Income taxes | 67/77 | €4,305 | - | -€4,305 | |
| Profit (loss) for the period | 9904 | €11,050 | -€62,704 | -€73,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,050 | -€62,704 | -€73,754 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.