COBELEM: 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.
COBELEM
Largest movements
- Receivables within one year +€16,638
up €16,638 (+7.5%), from €221,116 to €237,755
of which Trade receivables: +€16,874
- Reserves +€8,000
up €8,000 (+5.7%), from €141,000 to €149,000
- Tax, wage and social debts +€3,766
up €3,766 (+75.5%), from €4,985 to €8,751
- Gross operating margin -€11,210
down €11,210 (-43.4%), from €25,836 to €14,626
- Taxes -€3,299
down €3,299 (-42.8%), from €7,700 to €4,402
- Depreciation +€766
up €766 (+94.9%), from €807 to €1,573
- Other operating charges -€606
down €606 (-60.6%), from €1,000 to €394
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 | €272,328 | €285,822 | +€13,494 | +5.0% |
| Fixed assets | 21/28 | €48,322 | €47,670 | -€652 | -1.3% |
| Tangible fixed assets | 22/27 | €9,258 | €8,606 | -€652 | -7.0% |
| Furniture and vehicles | 24 | €2,607 | €2,635 | +€27 | +1.1% |
| Other tangible fixed assets | 26 | €6,651 | €5,971 | -€679 | -10.2% |
| Financial fixed assets | 28 | €39,064 | €39,064 | = | 0.0% |
| Current assets | 29/58 | €224,006 | €238,152 | +€14,146 | +6.3% |
| Amounts receivable within one year | 40/41 | €221,116 | €237,755 | +€16,638 | +7.5% |
| Trade receivables | 40 | €8,536 | €25,410 | +€16,874 | +197.7% |
| Other amounts receivable | 41 | €212,580 | €212,345 | -€235 | -0.1% |
| Cash at bank and in hand | 54/58 | €2,890 | €397 | -€2,493 | -86.3% |
| Total equity and liabilities | 10/49 | €272,328 | €285,822 | +€13,494 | +5.0% |
| Equity | 10/15 | €147,825 | €156,072 | +€8,248 | +5.6% |
| Contributions | 10/11 | €6,222 | €6,222 | = | 0.0% |
| Contributions outside capital | 11 | €6,222 | €6,222 | = | 0.0% |
| Other | 1109/19 | €6,222 | €6,222 | = | 0.0% |
| Reserves | 13 | €141,000 | €149,000 | +€8,000 | +5.7% |
| Distributable reserves | 133 | €141,000 | €149,000 | +€8,000 | +5.7% |
| Profit (loss) carried forward | 14 | €603 | €851 | +€248 | +41.1% |
| Amounts payable | 17/49 | €124,503 | €129,749 | +€5,246 | +4.2% |
| Amounts payable within one year | 42/48 | €124,503 | €129,749 | +€5,246 | +4.2% |
| Trade debts | 44 | €563 | €174 | -€389 | -69.1% |
| Suppliers | 440/4 | €563 | €174 | -€389 | -69.1% |
| Taxes, remuneration and social security | 45 | €4,985 | €8,751 | +€3,766 | +75.5% |
| Taxes | 450/3 | €4,985 | €8,751 | +€3,766 | +75.5% |
| Other amounts payable | 47/48 | €118,955 | €120,824 | +€1,869 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €807 | €1,573 | +€766 | +94.9% |
| Other operating charges | 640/8 | €1,000 | €394 | -€606 | -60.6% |
| Gross operating margin | 9900 | €25,836 | €14,626 | -€11,210 | -43.4% |
| Operating profit (loss) | 9901 | €24,029 | €12,659 | -€11,370 | -47.3% |
| Financial income | 75/76B | €7 | €50 | +€43 | +614.3% |
| Recurring financial income | 75 | €7 | €50 | +€43 | +614.3% |
| Financial charges | 65/66B | €57 | €60 | +€2 | +4.0% |
| Recurring financial charges | 65 | €57 | €60 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €23,978 | €12,649 | -€11,329 | -47.2% |
| Income taxes | 67/77 | €7,700 | €4,402 | -€3,299 | -42.8% |
| Profit (loss) for the period | 9904 | €16,278 | €8,248 | -€8,030 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,278 | €8,248 | -€8,030 | -49.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.