COBELMAR: 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.
COBELMAR
Largest movements
- Cash -€21,856
down €21,856 (-95.5%), from €22,896 to €1,040
mainly Trade debts (-€40,004) and Receivables within one year (-€1,459)
- Stocks and contracts -€17,379
down €17,379 (-98.7%), from €17,614 to €235
- Receivables within one year +€1,459
up €1,459 (+34.5%), from €4,226 to €5,685
of which Trade receivables: +€2,507
- Trade debts -€40,004
no longer reported in 2025 (was €40,004)
- Profit (loss) carried forward +€2,198
up €2,198 (+9.8%), from -€22,319 to -€20,121
- Purchases and services -€12,797
no longer reported in 2025 (was €12,797)
- Gross operating margin +€927
up €927 (+50.8%), from €1,825 to €2,752
- Taxes -€274
no longer reported in 2025 (was €274)
- Other operating charges +€99
new in 2025: €99
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.
Derived cash bridge
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 | €45,121 | €6,959 | -€38,162 | -84.6% |
| Formation expenses | 20 | €385 | - | -€385 | |
| Current assets | 29/58 | €44,736 | €6,959 | -€37,777 | -84.4% |
| Stocks and contracts in progress | 3 | €17,614 | €235 | -€17,379 | -98.7% |
| Stocks | 30/36 | €17,614 | €235 | -€17,379 | -98.7% |
| Amounts receivable within one year | 40/41 | €4,226 | €5,685 | +€1,459 | +34.5% |
| Trade receivables | 40 | €3,178 | €5,685 | +€2,507 | +78.9% |
| Other amounts receivable | 41 | €1,048 | - | -€1,048 | |
| Cash at bank and in hand | 54/58 | €22,896 | €1,040 | -€21,856 | -95.5% |
| Total equity and liabilities | 10/49 | €45,121 | €6,959 | -€38,162 | -84.6% |
| Equity | 10/15 | -€16,319 | -€14,121 | +€2,198 | +13.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,319 | -€20,121 | +€2,198 | +9.8% |
| Amounts payable | 17/49 | €61,440 | €21,081 | -€40,359 | -65.7% |
| Amounts payable within one year | 42/48 | €61,440 | €21,081 | -€40,359 | -65.7% |
| Trade debts | 44 | €40,004 | - | -€40,004 | |
| Suppliers | 440/4 | €40,004 | - | -€40,004 | |
| Taxes, remuneration and social security | 45 | €1,424 | €1,150 | -€274 | -19.2% |
| Taxes | 450/3 | €274 | - | -€274 | |
| Remuneration and social security | 454/9 | €1,150 | €1,150 | = | 0.0% |
| Other amounts payable | 47/48 | €20,012 | €19,931 | -€81 | -0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,797 | - | -€12,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €385 | = | 0.0% |
| Other operating charges | 640/8 | - | €99 | +€99 | |
| Gross operating margin | 9900 | €1,825 | €2,752 | +€927 | +50.8% |
| Operating profit (loss) | 9901 | €1,440 | €2,268 | +€828 | +57.5% |
| Financial charges | 65/66B | €70 | €70 | = | 0.0% |
| Recurring financial charges | 65 | €70 | €70 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,370 | €2,198 | +€828 | +60.4% |
| Income taxes | 67/77 | €274 | - | -€274 | |
| Profit (loss) for the period | 9904 | €1,096 | €2,198 | +€1,102 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €1,096 | €2,198 | +€1,102 | +101% |
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 25 October 2026 via checked.be.