COBELUX: 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.
COBELUX
Largest movements
- Tangible fixed assets -€52,913
down €52,913 (-6.9%), from €768,695 to €715,782
of which Land and buildings: -€46,958
- Debts after one year -€61,400
down €61,400 (-19.1%), from €321,540 to €260,140
- Gross operating margin +€3,693
up €3,693 (+5.1%), from €72,291 to €75,984
- Turnover +€2,400
up €2,400 (+2.2%), from €109,000 to €111,400
- Taxes +€2,062
up €2,062 (+187%), from €1,101 to €3,163
- Depreciation +€1,710
up €1,710 (+3.3%), from €51,203 to €52,913
- Purchases and services -€1,293
down €1,293 (-3.5%), from €36,709 to €35,416
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 | €915,694 | €864,391 | -€51,303 | -5.6% |
| Fixed assets | 21/28 | €768,695 | €715,782 | -€52,913 | -6.9% |
| Tangible fixed assets | 22/27 | €768,695 | €715,782 | -€52,913 | -6.9% |
| Land and buildings | 22 | €733,212 | €686,254 | -€46,958 | -6.4% |
| Plant, machinery and equipment | 23 | €35,483 | €29,528 | -€5,955 | -16.8% |
| Current assets | 29/58 | €146,999 | €148,609 | +€1,610 | +1.1% |
| Amounts receivable within one year | 40/41 | €43,500 | €43,500 | = | 0.0% |
| Other amounts receivable | 41 | €43,500 | €43,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,499 | €105,109 | +€1,610 | +1.6% |
| Total equity and liabilities | 10/49 | €915,694 | €864,391 | -€51,303 | -5.6% |
| Equity | 10/15 | €580,235 | €588,680 | +€8,445 | +1.5% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €76,491 | €76,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,991 | €38,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,744 | €137,189 | +€8,445 | +6.6% |
| Amounts payable | 17/49 | €335,459 | €275,711 | -€59,748 | -17.8% |
| Amounts payable after more than one year | 17 | €321,540 | €260,140 | -€61,400 | -19.1% |
| Other amounts payable | 178/9 | €321,540 | €260,140 | -€61,400 | -19.1% |
| Amounts payable within one year | 42/48 | €13,919 | €15,571 | +€1,652 | +11.9% |
| Trade debts | 44 | €2,318 | €807 | -€1,511 | -65.2% |
| Suppliers | 440/4 | €2,318 | €807 | -€1,511 | -65.2% |
| Taxes, remuneration and social security | 45 | €11,601 | €14,764 | +€3,163 | +27.3% |
| Taxes | 450/3 | €11,601 | €14,764 | +€3,163 | +27.3% |
| Turnover | 70 | €109,000 | €111,400 | +€2,400 | +2.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,709 | €35,416 | -€1,293 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,203 | €52,913 | +€1,710 | +3.3% |
| Other operating charges | 640/8 | €10,940 | €11,283 | +€343 | +3.1% |
| Gross operating margin | 9900 | €72,291 | €75,984 | +€3,693 | +5.1% |
| Operating profit (loss) | 9901 | €10,148 | €11,788 | +€1,640 | +16.2% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €9,998 | €11,608 | +€1,610 | +16.1% |
| Income taxes | 67/77 | €1,101 | €3,163 | +€2,062 | +187% |
| Profit (loss) for the period | 9904 | €8,897 | €8,445 | -€452 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,897 | €8,445 | -€452 | -5.1% |
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 25 October 2026 via checked.be.