COBEGOM: 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.
COBEGOM
Largest movements
- Tangible fixed assets -€195,149
down €195,149 (-23.9%), from €815,519 to €620,370
of which Land and buildings: -€192,893
- Receivables within one year -€154,685
down €154,685 (-64.3%), from €240,616 to €85,931
of which Trade receivables: -€167,745
- Cash +€113,977
up €113,977 (+172%), from €66,255 to €180,232
mainly Investment in fixed assets (net) (+€189,709) and Receivables within one year (+€154,685)
- Financial fixed assets -€20,000
no longer reported in 2024 (was €20,000)
- Trade debts -€232,747
down €232,747 (-72.1%), from €322,887 to €90,140
- Profit (loss) carried forward +€139,050
up €139,050 (+43.6%), from -€318,573 to -€179,523
- Revaluation surpluses -€113,382
down €113,382 (-17.2%), from €657,533 to €544,151
- Tax, wage and social debts -€31,660
down €31,660 (-58.9%), from €53,725 to €22,065
of which Taxes: -€27,260
- Debts after one year -€14,475
down €14,475 (-12.0%), from €120,848 to €106,373
- Gross operating margin +€98,731
up €98,731 (+66.9%), from €147,679 to €246,410
- Staff costs -€57,197
down €57,197 (-47.4%), from €120,699 to €63,502
- Depreciation -€10,334
down €10,334 (-28.9%), from €35,774 to €25,440
- Financial charges -€6,564
down €6,564 (-59.9%), from €10,950 to €4,386
- Other operating charges -€2,662
down €2,662 (-16.1%), from €16,563 to €13,901
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.
Derived cash bridge
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 | €1,155,998 | €899,000 | -€256,998 | -22.2% |
| Fixed assets | 21/28 | €835,519 | €620,370 | -€215,149 | -25.8% |
| Tangible fixed assets | 22/27 | €815,519 | €620,370 | -€195,149 | -23.9% |
| Land and buildings | 22 | €809,471 | €616,578 | -€192,893 | -23.8% |
| Plant, machinery and equipment | 23 | €6,048 | €3,792 | -€2,256 | -37.3% |
| Financial fixed assets | 28 | €20,000 | - | -€20,000 | |
| Current assets | 29/58 | €320,479 | €278,630 | -€41,849 | -13.1% |
| Stocks and contracts in progress | 3 | €13,544 | €12,467 | -€1,077 | -8.0% |
| Stocks | 30/36 | €13,544 | €12,467 | -€1,077 | -8.0% |
| Amounts receivable within one year | 40/41 | €240,616 | €85,931 | -€154,685 | -64.3% |
| Trade receivables | 40 | €240,305 | €72,560 | -€167,745 | -69.8% |
| Other amounts receivable | 41 | €311 | €13,371 | +€13,060 | +4,199% |
| Cash at bank and in hand | 54/58 | €66,255 | €180,232 | +€113,977 | +172% |
| Deferred charges and accrued income | 490/1 | €64 | - | -€64 | |
| Total equity and liabilities | 10/49 | €1,155,998 | €899,000 | -€256,998 | -22.2% |
| Equity | 10/15 | €559,342 | €585,010 | +€25,668 | +4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €657,533 | €544,151 | -€113,382 | -17.2% |
| Reserves | 13 | €158,382 | €158,382 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €152,182 | €152,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€318,573 | -€179,523 | +€139,050 | +43.6% |
| Amounts payable | 17/49 | €596,656 | €313,990 | -€282,666 | -47.4% |
| Amounts payable after more than one year | 17 | €120,848 | €106,373 | -€14,475 | -12.0% |
| Financial debts | 170/4 | €120,848 | €106,373 | -€14,475 | -12.0% |
| Amounts payable within one year | 42/48 | €468,442 | €205,689 | -€262,753 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €14,169 | €14,475 | +€306 | +2.2% |
| Trade debts | 44 | €322,887 | €90,140 | -€232,747 | -72.1% |
| Suppliers | 440/4 | €322,887 | €90,140 | -€232,747 | -72.1% |
| Advances received on contracts in progress | 46 | €170 | €170 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €53,725 | €22,065 | -€31,660 | -58.9% |
| Taxes | 450/3 | €41,657 | €14,397 | -€27,260 | -65.4% |
| Remuneration and social security | 454/9 | €12,068 | €7,668 | -€4,400 | -36.5% |
| Other amounts payable | 47/48 | €77,491 | €78,839 | +€1,348 | +1.7% |
| Accrued charges and deferred income | 492/3 | €7,366 | €1,928 | -€5,438 | -73.8% |
| Remuneration, social security and pensions | 62 | €120,699 | €63,502 | -€57,197 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,774 | €25,440 | -€10,334 | -28.9% |
| Other operating charges | 640/8 | €16,563 | €13,901 | -€2,662 | -16.1% |
| Gross operating margin | 9900 | €147,679 | €246,410 | +€98,731 | +66.9% |
| Operating profit (loss) | 9901 | -€25,357 | €143,567 | +€168,924 | |
| Financial income | 75/76B | €2,282 | €29 | -€2,253 | -98.7% |
| Recurring financial income | 75 | €2,282 | €29 | -€2,253 | -98.7% |
| Financial charges | 65/66B | €10,950 | €4,386 | -€6,564 | -59.9% |
| Recurring financial charges | 65 | €10,950 | €4,386 | -€6,564 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,025 | €139,210 | +€173,235 | |
| Income taxes | 67/77 | €164 | €160 | -€4 | -2.4% |
| Profit (loss) for the period | 9904 | -€34,189 | €139,050 | +€173,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,189 | €139,050 | +€173,239 |
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 15 October 2026 via checked.be.