Cobelg: 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.
Cobelg
Largest movements
- Current investments +€60,000
up €60,000 (+72.1%), from €83,176 to €143,176
- Cash +€23,948
up €23,948 (+9.0%), from €266,847 to €290,796
mainly Net result for the year (+€78,536) and Depreciation (+€7,671)
- Tangible fixed assets -€7,671
down €7,671 (-65.2%), from €11,774 to €4,103
- Reserves +€78,536
up €78,536 (+35.2%), from €223,117 to €301,654
of which Distributable reserves: +€78,536
- Other debts -€6,111
down €6,111 (-4.9%), from €125,464 to €119,353
- Financial income +€8,437
up €8,437 (+1007.0%), from €838 to €9,275
- Gross operating margin -€7,316
down €7,316 (-6.0%), from €122,545 to €115,228
- Taxes +€4,477
up €4,477 (+13.9%), from €32,276 to €36,754
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 | €362,645 | €439,169 | +€76,525 | +21.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,774 | €4,103 | -€7,671 | -65.2% |
| Tangible fixed assets | 22/27 | €11,774 | €4,103 | -€7,671 | -65.2% |
| Furniture and vehicles | 24 | €11,774 | €4,103 | -€7,671 | -65.2% |
| Current assets | 29/58 | €350,871 | €435,067 | +€84,196 | +24.0% |
| Amounts receivable within one year | 40/41 | €0 | €236 | +€236 | |
| Other amounts receivable | 41 | €0 | €236 | +€236 | |
| Current investments | 50/53 | €83,176 | €143,176 | +€60,000 | +72.1% |
| Cash at bank and in hand | 54/58 | €266,847 | €290,796 | +€23,948 | +9.0% |
| Deferred charges and accrued income | 490/1 | €847 | €859 | +€12 | +1.4% |
| Total equity and liabilities | 10/49 | €362,645 | €439,169 | +€76,525 | +21.1% |
| Equity | 10/15 | €223,117 | €301,654 | +€78,536 | +35.2% |
| Reserves | 13 | €223,117 | €301,654 | +€78,536 | +35.2% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €218,117 | €296,654 | +€78,536 | +36.0% |
| Amounts payable | 17/49 | €139,528 | €137,516 | -€2,012 | -1.4% |
| Amounts payable within one year | 42/48 | €139,528 | €137,516 | -€2,012 | -1.4% |
| Trade debts | 44 | €1,325 | €1,916 | +€591 | +44.6% |
| Suppliers | 440/4 | €1,325 | €1,916 | +€591 | +44.6% |
| Taxes, remuneration and social security | 45 | €12,739 | €16,248 | +€3,509 | +27.5% |
| Taxes | 450/3 | €12,739 | €16,248 | +€3,509 | +27.5% |
| Other amounts payable | 47/48 | €125,464 | €119,353 | -€6,111 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,671 | €7,671 | = | 0.0% |
| Other operating charges | 640/8 | €1,255 | €1,356 | +€101 | +8.1% |
| Gross operating margin | 9900 | €122,545 | €115,228 | -€7,316 | -6.0% |
| Operating profit (loss) | 9901 | €113,618 | €106,201 | -€7,417 | -6.5% |
| Financial income | 75/76B | €838 | €9,275 | +€8,437 | +1007.0% |
| Recurring financial income | 75 | €838 | €9,275 | +€8,437 | +1007.0% |
| Financial charges | 65/66B | €1,101 | €186 | -€914 | -83.1% |
| Recurring financial charges | 65 | €1,101 | €186 | -€914 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €113,356 | €115,290 | +€1,934 | +1.7% |
| Income taxes | 67/77 | €32,276 | €36,754 | +€4,477 | +13.9% |
| Profit (loss) for the period | 9904 | €81,079 | €78,536 | -€2,543 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,079 | €78,536 | -€2,543 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.