COBELYS: 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.
COBELYS
Largest movements
- Receivables within one year +€36,284
up €36,284 (+54.0%), from €67,179 to €103,463
of which Other amounts receivable: +€19,479
- Tangible fixed assets -€3,405
no longer reported in 2025 (was €3,405)
- Other debts +€31,759
up €31,759 (+147.2%), from €21,577 to €53,335
- Profit (loss) carried forward +€6,047
up €6,047 (+67.1%), from €9,015 to €15,061
- Tax, wage and social debts -€3,961
down €3,961 (-17.7%), from €22,390 to €18,428
of which Taxes: -€3,084
- Gross operating margin +€48,436
up €48,436, from -€12,314 to €36,122
- Staff costs +€18,810
up €18,810 (+338.1%), from €5,563 to €24,373
- Depreciation -€9,401
down €9,401 (-73.4%), from €12,806 to €3,405
- Other operating charges -€8,186
down €8,186 (-87.2%), from €9,385 to €1,199
- Financial charges -€516
down €516 (-42.9%), from €1,203 to €687
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 | €76,883 | €111,295 | +€34,412 | +44.8% |
| Fixed assets | 21/28 | €9,405 | €6,000 | -€3,405 | -36.2% |
| Tangible fixed assets | 22/27 | €3,405 | - | -€3,405 | |
| Furniture and vehicles | 24 | €3,405 | - | -€3,405 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €67,478 | €105,295 | +€37,817 | +56.0% |
| Amounts receivable within one year | 40/41 | €67,179 | €103,463 | +€36,284 | +54.0% |
| Trade receivables | 40 | €40,378 | €57,183 | +€16,805 | +41.6% |
| Other amounts receivable | 41 | €26,801 | €46,280 | +€19,479 | +72.7% |
| Cash at bank and in hand | 54/58 | €299 | €901 | +€602 | +201.6% |
| Deferred charges and accrued income | 490/1 | - | €931 | +€931 | |
| Total equity and liabilities | 10/49 | €76,883 | €111,295 | +€34,412 | +44.8% |
| Equity | 10/15 | €28,218 | €34,265 | +€6,047 | +21.4% |
| Contributions | 10/11 | €19,203 | €19,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,015 | €15,061 | +€6,047 | +67.1% |
| Amounts payable | 17/49 | €48,665 | €77,030 | +€28,366 | +58.3% |
| Amounts payable within one year | 42/48 | €48,665 | €77,030 | +€28,366 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | - | €733 | +€733 | |
| Trade debts | 44 | €4,698 | €4,534 | -€165 | -3.5% |
| Suppliers | 440/4 | €4,698 | €4,534 | -€165 | -3.5% |
| Taxes, remuneration and social security | 45 | €22,390 | €18,428 | -€3,961 | -17.7% |
| Taxes | 450/3 | €4,128 | €1,044 | -€3,084 | -74.7% |
| Remuneration and social security | 454/9 | €18,262 | €17,384 | -€877 | -4.8% |
| Other amounts payable | 47/48 | €21,577 | €53,335 | +€31,759 | +147.2% |
| Remuneration, social security and pensions | 62 | €5,563 | €24,373 | +€18,810 | +338.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,806 | €3,405 | -€9,401 | -73.4% |
| Other operating charges | 640/8 | €9,385 | €1,199 | -€8,186 | -87.2% |
| Gross operating margin | 9900 | -€12,314 | €36,122 | +€48,436 | |
| Operating profit (loss) | 9901 | -€40,068 | €7,145 | +€47,213 | |
| Financial income | 75/76B | €310 | - | -€310 | |
| Recurring financial income | 75 | €310 | - | -€310 | |
| Financial charges | 65/66B | €1,203 | €687 | -€516 | -42.9% |
| Recurring financial charges | 65 | €1,203 | €687 | -€516 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,961 | €6,458 | +€47,419 | |
| Income taxes | 67/77 | €363 | €411 | +€49 | +13.4% |
| Profit (loss) for the period | 9904 | -€41,324 | €6,047 | +€47,370 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,324 | €6,047 | +€47,370 |
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 7 October 2026 via checked.be.