COBEMA: 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.
What changed
COBEMA
NACE 47.711, Retail sale of women's outerwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€593,355
2024 · €540,734+€52,621
Equity
€7.0m
2024 · €6.4m+€593,054
Cash
€183,648
2024 · €270,438-€86,790
Balance sheet total
€7.3m
2024 · €6.6m+€612,626
Largest movements
Assets
- Receivables within one year +€880,550
up €880,550 (+17.0%), from €5.2m to €6.1m
of which Other amounts receivable: +€605,174
- Tangible fixed assets -€110,830
down €110,830 (-20.4%), from €544,503 to €433,673
of which Land and buildings: -€76,422
- Cash -€86,790
down €86,790 (-32.1%), from €270,438 to €183,648
mainly Receivables within one year (-€880,550) and Deferred charges and accrued income (-€1,821)
Equity and liabilities
- Profit (loss) carried forward +€593,355
up €593,355 (+30.1%), from -€2.0m to -€1.4m
Income statement
- Turnover +€1.7m
new in 2025: €1.7m
- Gross operating margin +€409,975
up €409,975 (+24.5%), from €1.7m to €2.1m
- Purchases and services +€329,311
new in 2025: €329,311
- Staff costs +€220,708
up €220,708 (+24.8%), from €890,982 to €1.1m
- Write-downs +€59,596
up €59,596, from -€3,930 to €55,666
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.
Result 2024
€540,734
Gross operating margin
+€409,975
Staff costs
-€220,708
Depreciation
-€1,615
Write-downs
-€59,596
Other operating charges
+€18,245
Other operating items
-€25,999
Financial income
-€51,797
Financial charges
-€272
Taxes
-€15,612
Result 2025
€593,355
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€93,367
Investment
+€6,878
Financing
-€301
Cash 2024
€270,438
From operations (derived)
-€93,367
Net result for the year
+€593,355
Depreciation
+€103,951
Stocks and contracts
+€72,124
Receivables within one year
-€880,550
Deferred charges and accrued income
-€1,821
Trade debts
+€8,086
Tax, wage and social debts
+€11,487
Investment (derived)
+€6,878
Investment in fixed assets (net)
+€6,878
Financing
-€301
Contributions, distributions and other
-€301
Cash 2025
€183,648
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,646,085 | €7,258,711 | +€612,626 | +9.2% |
| Fixed assets | 21/28 | €1,012,087 | €901,257 | -€110,830 | -11.0% |
| Tangible fixed assets | 22/27 | €544,503 | €433,673 | -€110,830 | -20.4% |
| Land and buildings | 22 | €429,674 | €353,253 | -€76,422 | -17.8% |
| Plant, machinery and equipment | 23 | €102,220 | €72,050 | -€30,170 | -29.5% |
| Furniture and vehicles | 24 | €12,608 | €8,370 | -€4,238 | -33.6% |
| Financial fixed assets | 28 | €467,584 | €467,584 | = | 0.0% |
| Current assets | 29/58 | €5,633,998 | €6,357,454 | +€723,456 | +12.8% |
| Stocks and contracts in progress | 3 | €171,879 | €99,754 | -€72,124 | -42.0% |
| Stocks | 30/36 | €171,879 | €99,754 | -€72,124 | -42.0% |
| Amounts receivable within one year | 40/41 | €5,184,460 | €6,065,010 | +€880,550 | +17.0% |
| Trade receivables | 40 | €503,543 | €778,919 | +€275,376 | +54.7% |
| Other amounts receivable | 41 | €4,680,917 | €5,286,091 | +€605,174 | +12.9% |
| Cash at bank and in hand | 54/58 | €270,438 | €183,648 | -€86,790 | -32.1% |
| Deferred charges and accrued income | 490/1 | €7,221 | €9,042 | +€1,821 | +25.2% |
| Total equity and liabilities | 10/49 | €6,646,085 | €7,258,711 | +€612,626 | +9.2% |
| Equity | 10/15 | €6,395,731 | €6,988,785 | +€593,054 | +9.3% |
| Contributions | 10/11 | €8,350,000 | €8,350,000 | = | 0.0% |
| Capital | 10 | €8,350,000 | €8,350,000 | = | 0.0% |
| Issued capital | 100 | €8,350,000 | €8,350,000 | = | 0.0% |
| Reserves | 13 | €14,331 | €14,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,407 | €5,407 | = | 0.0% |
| Legal reserve | 130 | €5,394 | €5,394 | = | 0.0% |
| Other | 1319 | €13 | €13 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,924 | €8,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,970,484 | -€1,377,129 | +€593,355 | +30.1% |
| Investment grants | 15 | €1,884 | €1,583 | -€301 | -16.0% |
| Amounts payable | 17/49 | €250,353 | €269,926 | +€19,573 | +7.8% |
| Amounts payable within one year | 42/48 | €205,272 | €224,845 | +€19,573 | +9.5% |
| Trade debts | 44 | €89,165 | €97,251 | +€8,086 | +9.1% |
| Suppliers | 440/4 | €89,165 | €97,251 | +€8,086 | +9.1% |
| Advances received on contracts in progress | 46 | €718 | €718 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €115,389 | €126,877 | +€11,487 | +10.0% |
| Taxes | 450/3 | €1,057 | €0 | -€1,057 | -100% |
| Remuneration and social security | 454/9 | €114,333 | €126,877 | +€12,544 | +11.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €45,081 | €45,081 | = | 0.0% |
| Turnover | 70 | - | €1,690,922 | +€1.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €329,311 | +€329,311 | |
| Remuneration, social security and pensions | 62 | €890,982 | €1,111,689 | +€220,708 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,336 | €103,951 | +€1,615 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,930 | €55,666 | +€59,596 | |
| Other operating charges | 640/8 | €109,669 | €91,424 | -€18,245 | -16.6% |
| Non-recurring operating charges | 66A | - | €25,999 | +€25,999 | |
| Gross operating margin | 9900 | €1,671,511 | €2,081,486 | +€409,975 | +24.5% |
| Operating profit (loss) | 9901 | €572,455 | €692,757 | +€120,302 | +21.0% |
| Financial income | 75/76B | €175,383 | €123,587 | -€51,797 | -29.5% |
| Recurring financial income | 75 | €175,383 | €123,587 | -€51,797 | -29.5% |
| Financial charges | 65/66B | €5,769 | €6,041 | +€272 | +4.7% |
| Recurring financial charges | 65 | €5,769 | €6,041 | +€272 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €742,069 | €810,302 | +€68,233 | +9.2% |
| Income taxes | 67/77 | €201,335 | €216,947 | +€15,612 | +7.8% |
| Profit (loss) for the period | 9904 | €540,734 | €593,355 | +€52,621 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €540,734 | €593,355 | +€52,621 | +9.7% |
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 16 October 2026 via checked.be.