COBELEK: 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.
COBELEK
Largest movements
- Cash +€14,399
up €14,399 (+39.7%), from €36,225 to €50,624
mainly Net result for the year (+€18,808) and Depreciation (+€10,964)
- Receivables within one year -€10,462
down €10,462 (-22.1%), from €47,432 to €36,970
of which Trade receivables: -€14,406
- Tangible fixed assets -€9,890
down €9,890 (-20.4%), from €48,584 to €38,694
of which Furniture and vehicles: -€5,365
- Stocks and contracts +€3,386
up €3,386 (+13.3%), from €25,474 to €28,860
- Reserves +€9,761
up €9,761 (+9.9%), from €98,598 to €108,359
- Trade debts +€9,084
up €9,084 (+58.4%), from €15,551 to €24,635
- Debts after one year -€7,899
down €7,899 (-80.0%), from €9,876 to €1,977
- Tax, wage and social debts -€5,932
down €5,932 (-81.9%), from €7,246 to €1,314
- Current portion of long-term debt -€3,585
down €3,585 (-31.2%), from €11,484 to €7,899
- Gross operating margin -€34,642
down €34,642 (-47.2%), from €73,445 to €38,803
- Taxes -€11,773
down €11,773 (-62.2%), from €18,932 to €7,159
- Depreciation -€3,841
down €3,841 (-25.9%), from €14,805 to €10,964
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 | €159,458 | €158,367 | -€1,090 | -0.7% |
| Fixed assets | 21/28 | €48,584 | €38,694 | -€9,890 | -20.4% |
| Tangible fixed assets | 22/27 | €48,584 | €38,694 | -€9,890 | -20.4% |
| Land and buildings | 22 | €34,941 | €30,651 | -€4,290 | -12.3% |
| Plant, machinery and equipment | 23 | €2,834 | €2,756 | -€78 | -2.7% |
| Furniture and vehicles | 24 | €9,574 | €4,209 | -€5,365 | -56.0% |
| Other tangible fixed assets | 26 | €1,235 | €1,078 | -€157 | -12.7% |
| Current assets | 29/58 | €110,874 | €119,673 | +€8,800 | +7.9% |
| Stocks and contracts in progress | 3 | €25,474 | €28,860 | +€3,386 | +13.3% |
| Stocks | 30/36 | €25,474 | €28,860 | +€3,386 | +13.3% |
| Amounts receivable within one year | 40/41 | €47,432 | €36,970 | -€10,462 | -22.1% |
| Trade receivables | 40 | €42,475 | €28,069 | -€14,406 | -33.9% |
| Other amounts receivable | 41 | €4,957 | €8,902 | +€3,944 | +79.6% |
| Cash at bank and in hand | 54/58 | €36,225 | €50,624 | +€14,399 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,743 | €3,219 | +€1,476 | +84.6% |
| Total equity and liabilities | 10/49 | €159,458 | €158,367 | -€1,090 | -0.7% |
| Equity | 10/15 | €104,798 | €114,559 | +€9,761 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,598 | €108,359 | +€9,761 | +9.9% |
| Distributable reserves | 133 | €98,598 | €108,359 | +€9,761 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,659 | €43,808 | -€10,851 | -19.9% |
| Amounts payable after more than one year | 17 | €9,876 | €1,977 | -€7,899 | -80.0% |
| Financial debts | 170/4 | €9,876 | €1,977 | -€7,899 | -80.0% |
| Amounts payable within one year | 42/48 | €43,628 | €40,896 | -€2,732 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €11,484 | €7,899 | -€3,585 | -31.2% |
| Trade debts | 44 | €15,551 | €24,635 | +€9,084 | +58.4% |
| Suppliers | 440/4 | €15,551 | €24,635 | +€9,084 | +58.4% |
| Taxes, remuneration and social security | 45 | €7,246 | €1,314 | -€5,932 | -81.9% |
| Taxes | 450/3 | €7,246 | €1,314 | -€5,932 | -81.9% |
| Other amounts payable | 47/48 | €9,347 | €7,048 | -€2,299 | -24.6% |
| Accrued charges and deferred income | 492/3 | €1,155 | €935 | -€220 | -19.1% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,805 | €10,964 | -€3,841 | -25.9% |
| Other operating charges | 640/8 | €759 | €742 | -€17 | -2.2% |
| Non-recurring operating charges | 66A | €166 | €109 | -€57 | -34.4% |
| Gross operating margin | 9900 | €73,445 | €38,803 | -€34,642 | -47.2% |
| Operating profit (loss) | 9901 | €57,715 | €26,987 | -€30,728 | -53.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,508 | €1,019 | -€489 | -32.4% |
| Recurring financial charges | 65 | €1,508 | €1,019 | -€489 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €56,207 | €25,968 | -€30,239 | -53.8% |
| Income taxes | 67/77 | €18,932 | €7,159 | -€11,773 | -62.2% |
| Profit (loss) for the period | 9904 | €37,275 | €18,808 | -€18,466 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,275 | €18,808 | -€18,466 | -49.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.