Cobelstore: 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.
Cobelstore
Largest movements
- Receivables within one year -€98,914
down €98,914 (-57.6%), from €171,613 to €72,700
of which Other amounts receivable: -€114,107
- Deferred charges and accrued income +€3,277
up €3,277 (+1129.9%), from €290 to €3,567
- Tangible fixed assets -€2,124
down €2,124 (-44.6%), from €4,766 to €2,642
- Other debts -€98,628
down €98,628 (-100.0%), from €98,628 to €0
- Trade debts -€29,459
down €29,459 (-91.0%), from €32,378 to €2,919
- Short-term financial debts +€24,951
up €24,951 (+74391.7%), from €34 to €24,985
- Reserves +€4,020
up €4,020 (+18.5%), from €21,770 to €25,790
- Staff costs -€9,994
down €9,994 (-16.6%), from €60,378 to €50,384
- Gross operating margin -€8,481
down €8,481 (-12.4%), from €68,651 to €60,170
- Financial income -€6,571
down €6,571 (-100.0%), from €6,571 to €0
- Other operating charges -€1,398
down €1,398 (-74.1%), from €1,887 to €490
- Taxes -€1,352
down €1,352 (-41.3%), from €3,270 to €1,918
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 | €177,245 | €79,483 | -€97,761 | -55.2% |
| Fixed assets | 21/28 | €5,341 | €3,217 | -€2,124 | -39.8% |
| Tangible fixed assets | 22/27 | €4,766 | €2,642 | -€2,124 | -44.6% |
| Plant, machinery and equipment | 23 | €4,766 | €2,642 | -€2,124 | -44.6% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €171,903 | €76,266 | -€95,637 | -55.6% |
| Amounts receivable within one year | 40/41 | €171,613 | €72,700 | -€98,914 | -57.6% |
| Trade receivables | 40 | €26,093 | €41,286 | +€15,193 | +58.2% |
| Other amounts receivable | 41 | €145,520 | €31,413 | -€114,107 | -78.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €290 | €3,567 | +€3,277 | +1129.9% |
| Total equity and liabilities | 10/49 | €177,245 | €79,483 | -€97,761 | -55.2% |
| Equity | 10/15 | €40,370 | €44,390 | +€4,020 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,770 | €25,790 | +€4,020 | +18.5% |
| Distributable reserves | 133 | €21,770 | €25,790 | +€4,020 | +18.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €136,875 | €35,094 | -€101,781 | -74.4% |
| Amounts payable within one year | 42/48 | €136,707 | €34,950 | -€101,757 | -74.4% |
| Financial debts | 43 | €34 | €24,985 | +€24,951 | +74391.7% |
| Credit institutions | 430/8 | €34 | €24,985 | +€24,951 | +74391.7% |
| Trade debts | 44 | €32,378 | €2,919 | -€29,459 | -91.0% |
| Suppliers | 440/4 | €32,378 | €2,919 | -€29,459 | -91.0% |
| Taxes, remuneration and social security | 45 | €5,668 | €7,046 | +€1,379 | +24.3% |
| Taxes | 450/3 | €0 | €941 | +€941 | |
| Remuneration and social security | 454/9 | €5,668 | €6,105 | +€437 | +7.7% |
| Other amounts payable | 47/48 | €98,628 | €0 | -€98,628 | -100.0% |
| Accrued charges and deferred income | 492/3 | €168 | €144 | -€24 | -14.3% |
| Non-recurring operating income | 76A | €0 | €42 | +€42 | |
| Remuneration, social security and pensions | 62 | €60,378 | €50,384 | -€9,994 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,124 | €2,124 | = | 0.0% |
| Other operating charges | 640/8 | €1,887 | €490 | -€1,398 | -74.1% |
| Gross operating margin | 9900 | €68,651 | €60,170 | -€8,481 | -12.4% |
| Operating profit (loss) | 9901 | €4,261 | €7,173 | +€2,911 | +68.3% |
| Financial income | 75/76B | €6,571 | €0 | -€6,571 | -100.0% |
| Recurring financial income | 75 | €6,571 | €0 | -€6,571 | -100.0% |
| Financial charges | 65/66B | €1,075 | €1,235 | +€160 | +14.9% |
| Recurring financial charges | 65 | €1,075 | €1,235 | +€160 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €9,757 | €5,938 | -€3,820 | -39.1% |
| Income taxes | 67/77 | €3,270 | €1,918 | -€1,352 | -41.3% |
| Profit (loss) for the period | 9904 | €6,487 | €4,020 | -€2,467 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,487 | €4,020 | -€2,467 | -38.0% |
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 9 October 2026 via checked.be.