CObelium: 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.
CObelium
Largest movements
- Cash -€22,017
down €22,017 (-54.8%), from €40,194 to €18,177
mainly Net result for the year (-€27,062) and Receivables within one year (-€11,712)
- Receivables within one year +€11,712
up €11,712 (+2470.6%), from €474 to €12,186
of which Trade receivables: +€8,960
- Tangible fixed assets -€6,949
down €6,949 (-32.9%), from €21,096 to €14,146
of which Plant, machinery and equipment: -€5,083
- Profit (loss) carried forward -€27,062
down €27,062 (-72.2%), from €37,481 to €10,419
- Trade debts +€10,373
up €10,373 (+1554.0%), from €667 to €11,040
- Other debts -€919
down €919 (-27.5%), from €3,342 to €2,424
- Gross operating margin -€2,020
down €2,020 (-11.3%), from -€17,829 to -€19,849
- Depreciation -€481
down €481 (-6.5%), from €7,431 to €6,949
- Financial income +€228
up €228 (+368.6%), from €62 to €289
- Financial charges +€205
up €205 (+285.4%), from €72 to €277
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 | €62,310 | €44,979 | -€17,331 | -27.8% |
| Fixed assets | 21/28 | €21,096 | €14,146 | -€6,949 | -32.9% |
| Tangible fixed assets | 22/27 | €21,096 | €14,146 | -€6,949 | -32.9% |
| Plant, machinery and equipment | 23 | €18,339 | €13,256 | -€5,083 | -27.7% |
| Furniture and vehicles | 24 | €2,757 | €891 | -€1,866 | -67.7% |
| Current assets | 29/58 | €41,215 | €30,833 | -€10,382 | -25.2% |
| Amounts receivable within one year | 40/41 | €474 | €12,186 | +€11,712 | +2470.6% |
| Trade receivables | 40 | - | €8,960 | +€8,960 | |
| Other amounts receivable | 41 | €474 | €3,226 | +€2,752 | +580.5% |
| Cash at bank and in hand | 54/58 | €40,194 | €18,177 | -€22,017 | -54.8% |
| Deferred charges and accrued income | 490/1 | €547 | €470 | -€77 | -14.1% |
| Total equity and liabilities | 10/49 | €62,310 | €44,979 | -€17,331 | -27.8% |
| Equity | 10/15 | €57,941 | €30,879 | -€27,062 | -46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,481 | €10,419 | -€27,062 | -72.2% |
| Amounts payable | 17/49 | €4,369 | €14,100 | +€9,731 | +222.7% |
| Amounts payable within one year | 42/48 | €4,369 | €14,100 | +€9,731 | +222.7% |
| Trade debts | 44 | €667 | €11,040 | +€10,373 | +1554.0% |
| Suppliers | 440/4 | €667 | €11,040 | +€10,373 | +1554.0% |
| Taxes, remuneration and social security | 45 | €359 | €636 | +€277 | +77.1% |
| Taxes | 450/3 | €359 | €636 | +€277 | +77.1% |
| Other amounts payable | 47/48 | €3,342 | €2,424 | -€919 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,431 | €6,949 | -€481 | -6.5% |
| Gross operating margin | 9900 | -€17,829 | -€19,849 | -€2,020 | -11.3% |
| Operating profit (loss) | 9901 | -€25,259 | -€26,798 | -€1,539 | -6.1% |
| Financial income | 75/76B | €62 | €289 | +€228 | +368.6% |
| Recurring financial income | 75 | €62 | €289 | +€228 | +368.6% |
| Financial charges | 65/66B | €72 | €277 | +€205 | +285.4% |
| Recurring financial charges | 65 | €72 | €277 | +€205 | +285.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,269 | -€26,785 | -€1,516 | -6.0% |
| Income taxes | 67/77 | €359 | €277 | -€82 | -22.9% |
| Profit (loss) for the period | 9904 | -€25,628 | -€27,062 | -€1,434 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,628 | -€27,062 | -€1,434 | -5.6% |
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 8 October 2026 via checked.be.