COBELIA: what changed
Two fiscal 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.
COBELIA
Largest movements
- Tangible fixed assets -€36,158
down €36,158 (-4.4%), from €830,495 to €794,338
- Profit (loss) carried forward -€17,263
down €17,263 (-8.2%), from -€209,852 to -€227,115
- Other debts -€11,873
down €11,873 (-1.7%), from €685,264 to €673,391
- Gross operating margin -€971
down €971 (-3.2%), from €30,116 to €29,145
- Financial charges -€458
down €458 (-11.7%), from €3,909 to €3,451
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 | €831,711 | €795,342 | -€36,369 | -4.4% |
| Fixed assets | 21/28 | €830,495 | €794,338 | -€36,158 | -4.4% |
| Tangible fixed assets | 22/27 | €830,495 | €794,338 | -€36,158 | -4.4% |
| Land and buildings | 22 | €830,495 | €794,338 | -€36,158 | -4.4% |
| Current assets | 29/58 | €1,216 | €1,005 | -€211 | -17.3% |
| Cash at bank and in hand | 54/58 | €1,216 | €1,005 | -€211 | -17.3% |
| Total equity and liabilities | 10/49 | €831,711 | €795,342 | -€36,369 | -4.4% |
| Equity | 10/15 | €20,148 | €2,885 | -€17,263 | -85.7% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,852 | -€227,115 | -€17,263 | -8.2% |
| Amounts payable | 17/49 | €811,563 | €792,457 | -€19,106 | -2.4% |
| Amounts payable after more than one year | 17 | €118,191 | €110,283 | -€7,909 | -6.7% |
| Financial debts | 170/4 | €118,191 | €110,283 | -€7,909 | -6.7% |
| Amounts payable within one year | 42/48 | €693,372 | €682,174 | -€11,197 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €7,694 | €7,909 | +€214 | +2.8% |
| Trade debts | 44 | €413 | €875 | +€462 | +111.7% |
| Suppliers | 440/4 | €413 | €875 | +€462 | +111.7% |
| Other amounts payable | 47/48 | €685,264 | €673,391 | -€11,873 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,158 | €36,158 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,633 | €6,799 | +€165 | +2.5% |
| Gross operating margin | 9900 | €30,116 | €29,145 | -€971 | -3.2% |
| Operating profit (loss) | 9901 | -€12,675 | -€13,811 | -€1,136 | -9.0% |
| Financial charges | 65/66B | €3,909 | €3,451 | -€458 | -11.7% |
| Recurring financial charges | 65 | €3,909 | €3,451 | -€458 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,584 | -€17,263 | -€679 | -4.1% |
| Profit (loss) for the period | 9904 | -€16,584 | -€17,263 | -€679 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,584 | -€17,263 | -€679 | -4.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.